july 2017 - · pdf fileintouch mutually july 2017 3 market review source for various data...

July 2017

2 July 2017 Intouch mutually

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

HOW TO READ FACTSHEET

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

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

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

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

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

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

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

Average MaturityWeighted average maturity of the securities in scheme.

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

Portfolio Turnover RatioPortfolio Turnover Ratio is the percentage of a fund’s holdings that have changed in a given year. This ratio measures the fund’s trading activity, which is computed by taking the lesser of purchases or sales and dividing by average monthly net assets.

GLOSSARY

Intouch mutually July 2017 3

Market Review

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

Equity Market update

Indian equity markets continue to do well and made new highs in July. Nifty 50 closed above 10,000 and S&P BSE Sensex closed above 32,000 for first time.

Performance of global equity markets was mixed with Hang Seng being the best performer. The table below gives the details of performance of key domestic and global indices.

% Change in Indices CY 2016 1M CY2017 YTDS&P BSE India Bankex 7.3 8.0 36.8S&P BSE India Capital Goods (3.3) 5.3 31.5S&P BSE India FMCG 3.3 (3.2) 24.1S&P BSE India Healthcare (12.9) 0.0 (3.6)S&P BSE India Metal 36.7 9.2 22.9S&P BSE India Oil & Gas 27.2 7.5 16.8S&P BSE India IT (8.0) 6.1 2.6S&P BSE Sensex 1.9 5.2 22.1NIFTY 50 3.0 5.8 23.1NIFTY Free Float Midcap 100 7.1 4.4 29.0

% Change in Indices CY 2016 1M CY2017 YTDDow Jones Industrial Average 13.4 2.5 10.8NASDAQ 7.5 3.4 17.9FTSE 14.4 0.8 3.2DAX 6.9 (1.7) 5.5CAC 4.9 (0.5) 4.8Nikkei 0.4 (0.5) 4.2Hang Seng 0.4 6.1 24.2KOSPI 3.3 0.5 18.6Shanghai (12.3) 2.5 5.5MSCI Emerging Market Index 8.6 5.5 23.7

Key commodities performed well in July with Steel (HRC) up 13% and Brent crude up 7.5%.

INR appreciated by 0.6% against USD in July and closed at 64.2, INR has appreciated by 5.5% in 2017 so far.

FII’s bought Indian equities worth $0.8bn in July. Net inflows in domestic equity oriented mutual funds continue to be robust. In Q1FY18 were net inflows were ~Rs 46,900 crores vs ~Rs 93,500 in FY17.

GST got implemented during the month without significant glitches. June CPI came in at a record low of 1.54%. Amongst the results declared so far FMCG and IT earnings were below expectations, Pharma results were mixed, while banks and Industrials delivered results upto or better than expectations. Monsoons have progressed well with cumulative rainfall for country as a whole is 5% above long period average upto July 26, 2017.

One interesting development in recent years has been falling share of OPEC and rising share of US shale oil in global oil production. This is supportive of stable crude prices in medium term which is good for oil importing countries like India:

OPEC vs US market share (%) in Oil production

4

5

6

7

8

9

10

11

31

32

33

34

35

36

37

06 07 08 09 10 11 12 13 14 15 16 17

OPEC - LHS US - RHS

Data for the period: June 2006 to May 2017

Equity market have lagged nominal GDP growth for several years now. Profit growth is now improving and earnings growth for next 2-3 years is expected to be strong. NIFTY is currently trading at ~16xFY19E EPS which is reasonable in a low interest rate and strong earnings growth environment. However, bunching of new issuances in August / September could have a short term impact on markets. In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium to long term view) and to stay invested.

Debt Market update

The yield on 10-year benchmark (6.79% GoI 2027) ended the month of July at 6.47% down by 4 bps over the previous month end. The yield on 10-year AAA Corporate Bond ended the month at 7.31% as against 7.42% at the end of June 2017. Thus, corporate bond spreads during the month narrowed to 74 bps as against 80 bps in the previous month.

Liquidity conditions continued to remain positive during the month of July 2017. As against ~Rs. 309,030 crs of average liquidity absorbed by RBI during the month of June 2017 through various sources (Liquidity Adjustment Facility, export refinance, marginal standing facility and term repos/reverse repos), ~Rs.299,653 crs of liquidity was absorbed by RBI during the month of July 2017. During the month of July 2017, RBI conducted Open Market Operation (OMO) sale of G-secs totaling Rs.20,000 crs. The overnight rate ended at the same level of 6.25% as against previous month.

INR closed at 64.19 versus the USD in July 2017 as against 64.58 in June 2017. The net FII investments in equities & debt were ~US$ 3.73 billion in July 2017, down from US$ 4.55 billion in June 2017. FII’s have purchased close to US$ 26.39 billion in Indian debt and equity markets between Jan’17 to July’17 as compared to ~US$ 4.13 bn during Jan’16 to July’16.

The annual rate of retail inflation, CPI fell to 1.54% YOY in June 2017, lower than 2.2% in May 2017. The drop was largely on account of fall in food inflation, which decreased to -1.17% in June 2017 from -0.22% in May 2017. This was largely contributed by fall in prices of pulses which fell from -19.45% in May 2017 to -21.92% in June 2017. Core CPI (excl. food & fuel) also declined to 3.75% in June 2017 from 4.14% in May 2017.

In the credit policy review of Aug’17, the Monetary Policy Committee (MPC) voted in favour of a 25 bp cut in repo rate to 6.0% from 6.25%. The major factors that provided space for a rate cut include: recent low headline CPI inflation, the moderation in core inflation over the last three months, smooth implementation of GST and normal monsoons.

Conclusion & OutlookAs highlighted by us recently (in Credit Policy Review: June ’17) the

moderating path of inflation should create some space for easing, the MPC announced a 25 bp cut in repo rate. More importantly, even though headline inflation (excluding HRA impact) is expected to rise from current lows, it is projected at little over 4% for Q4 of FY18 by the RBI. Further, RBI commented that it is comfortable with a real rate of over 175bp.

In summary, with benign inflation outlook, steady INR, ample liquidity and fairly stable international commodity prices, there is room for some more downside in yields in our view.


CONTENTS

PAgE NO.

WEALTH CREATION SOLUTIONS

AcTiVElY MAnAgED FunDS

HdFc Growth Fund .............................................................................. 5

HdFc Equity Fund ................................................................................ 6

HdFc Top 200 Fund ............................................................................. 7

HdFc capital Builder Fund ................................................................... 8

HdFc core & Satellite Fund .................................................................. 9

HdFc Premier Multi-cap Fund .............................................................. 10

HdFc Large cap Fund .......................................................................... 11

HdFc Mid-cap Opportunities Fund ...................................................... 12

HdFc Small cap Fund .......................................................................... 13

HdFc Infrastructure Fund ..................................................................... 14

HdFc Balanced Fund ............................................................................ 15-16

HdFc Prudence Fund ........................................................................... 18-19

HdFc Equity Savings Fund ................................................................... 16-17

PASSiVElY MAnAgED FunDS

HdFc Index Fund - SENSEx Plan .......................................................... 21

HdFc Index Fund - NIFTY Plan ............................................................. 22

HdFc Index Fund - SENSEx Plus Plan ................................................... 23

HdFc SENSEx ETF ................................................................................ 24

HdFc NIFTY ETF ................................................................................... 25

TAx SAVINgS SOLUTIONS

HdFc Long Term Advantage Fund ........................................................ 26

HdFc Taxsaver ..................................................................................... 27

goAl oRiEnTED SoluTionS

HdFc children’s Gift Fund - Investment Plan ........................................ 28

HdFc children’s Gift Fund - Savings Plan ............................................. 29

HdFc Retirement Savings Fund - Equity Plan ........................................ 30

HdFc Retirement Savings Fund - Hybrid Equity Plan ............................ 31

HdFc Retirement Savings Fund - Hybrid debt Plan ............................... 32

PAgE NO.

REgULAR INCOME SOLUTIONS

HdFc MF Monthly Income Plan - Short Term Plan ................................ 33

HdFc MF Monthly Income Plan - Long Term Plan ................................. 34

HdFc Multiple Yield Fund - Plan 2005 ................................................. 35

SAVINgS SOLUTIONS

HdFc Arbitrage Fund ........................................................................... 19-20

HdFc Income Fund .............................................................................. 36

HdFc High Interest Fund - dynamic Plan .............................................. 37

HdFc High Interest Fund - Short Term Plan........................................... 38

HdFc Regular Savings Fund ................................................................. 39

HdFc Short Term Opportunities Fund ................................................... 40

HdFc Medium Term Opportunities Fund .............................................. 41

HdFc Gilt Fund - Short Term Plan ......................................................... 42

HdFc Gilt Fund - Long Term Plan ......................................................... 43

HdFc Floating Rate Income Fund - Short Term Plan .............................. 44

HdFc Floating Rate Income Fund - Long Term Plan .............................. 45

HdFc Liquid Fund ................................................................................ 46

HdFc cash Management Fund - Savings Plan ...................................... 47

HdFc cash Management Fund - Treasury Advantage Plan ................... 48

HdFc corporate debt Opportunities Fund ............................................ 49

HdFc Banking and PSU debt Fund ....................................................... 50

Performance details of schemes managed by respective fund managers ................................... 51

Scheme performance summary - Regular Plans ....................... 52-58

Scheme performance summary - Direct Plans .......................... 59-69

Performance of category I - FPI Portfolio ................................. 69

Dividend History ..................................................................... 70-72

Disclaimer ............................................................................... 72

OUR RANgE OF OFFERINgS

WEALTH CREATION SOLUTIONS

These schemes aim to increase your wealth over the long term by investing predominantly in equity instruments and it is suitable for investors with high risk appetite and relatively higher investment horizon.

TAx SAVINgS SOLUTIONS

These schemes are eligible to provide tax deduction under Sec 80c and also aim to increase your wealth over the long term. This is an ideal solution for investors who would like to create wealth and save tax.

goAl oRiEnTED SOLUTIONS

These schemes aim to help you achieve your specific financial goals. It is ideal for investors planning for their retirement, future expenses like higher education of children, etc. Investors can choose from aggressive to conservative options based on their risk profile and time horizon.

REgULAR INCOME SOLUTIONS

These schemes aim to provide you with regular income. It is ideal for investors with medium risk appetite who wish to receive regular cash flows to meet specific needs like post retirement expenses, EMI, etc. at a fixed time horizon, e.g. monthly, quarterly, etc. These schemes have relatively lower equity exposure.

SAVINgS SOLUTIONS These schemes aim to preserve your capital and provide you with ready liquidity by investing in debt and money market instruments. It is suitable for investors with low to medium risk appetite across time horizons (Short, Medium and Long term)

Disclaimer: Investors are requested to note that the above investment solution(s) should not be construed as financial planning solution/recommendation by the Fund/AMc. It does not in any manner, indicate or imply either the quality of any particular Scheme or guarantee any specific performance/returns. Such solutions must be tailored to investor’s individual situation and objectives and therefore, investors should consult their financial advisors to ascertain whether the product is suitable for them.


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

FunD MAnAgER ¥

Srinivas Rao Ravuri (since April 3, 06) Total Experience: Over 22 years

incEPTion DATE (Date of Allotment)September 11, 2000

NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 175.778Regular Plan - dividend Option 32.613direct Plan - Growth Option 180.122direct Plan - dividend Option 33.622

ASSETS unDER MAnAgEMEnT (`) IN CROREAs on July 31, 2017 1,146.91Average for Month of July, 2017 1,123.28

qUANTITATIVE DATAPortfolio Turnover Ratio (Last 1 year) 35.98%Risk Ration Standard Deviation 4.277%n Beta 1.037n Sharpe Ratio* 0.147computed for the 3-yr period ended July 31, 2017.Based on month-end NAV.* Risk free rate: 6.25% (Source: FIMMdA MIBOR)

TOTAL ExPENSE RATIO (Weighted Average for the month)Excluding Goods and Service Tax on Management FeesRegular 2.30%Direct 1.65%

l #BEncHMARK inDEX: S&P BSE SENSEx

l ##ADDl. BEncHMARK inDEX: NIFTY 50 Index

EXiT loADl In respect of each purchase / switch-in of Units, an Exit

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

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

For further details, please refer to para ‘Exit Load’ on Pg 51.

l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan : Growth & dividend. The dividend Option offers dividend Payout and Reinvestment facility.

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

REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

HDFC Growth Fund (An open-ended growth scheme)

Face Value per Unit: ` 10 unless otherwise specified, + Industry classification as recommended by AMFI, data is as of July 31, 2017 unless otherwise specified.

SIP PERFORMANCE^ - Regular Plan - Growth OptionSince Inception

SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 2,030.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 13,347.35 8,317.08 2,506.18 926.60 463.47 138.50 Returns (Annualised) (%) 19.65 18.42 14.10 17.43 17.13 29.93Benchmark Returns (Annualised) (%) # 14.01 13.51 10.47 12.30 11.43 25.85Addl. Benchmark Ret. (Annualised) (%) ## 13.94 13.57 11.01 13.26 12.60 26.58

Assuming ̀ 10,000 invested systematically on the first Business day of every month over a period of time. cAGR returns are computed after accounting for the cash flow by using xIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.

PERFORMANCE^ - Regular Plan - Growth OptionDate Period Scheme

Returns (%)

Benchmark Returns

(%)#

Additional Benchmark

Returns (%) ##

Value of ` 10,000 invested

Scheme (`) Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 22.27 15.82 16.56 12,240 11,591 11,665Jul 31, 14 Last 3 Years 13.51 7.88 9.27 14,630 12,556 13,051Jul 31, 12 Last 5 Years 16.22 13.53 14.01 21,215 18,864 19,272Sep 11, 00 Since Inception 18.49 12.13 12.13 175,778 69,231 69,194

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.

This product is suitable for investors who are seeking ~

l capital appreciation over long term.

l Investment predominantly in equity and equity related instruments.

Riskometer

Investors understand that their principal will be at moderately high risk

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

PORTFOLIO Company Industry+ % to NAV

EquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 9.97• State Bank of India Banks 8.37• IcIcI Bank Ltd. Banks 6.68• ITc Ltd. consumer Non durables 6.22• Larsen & Toubro Ltd. construction Project 5.45• Infosys Ltd. Software 5.24• Reliance Industries Ltd. Petroleum Products 4.36• Housing development

Finance corporation Ltd.£ Finance 3.83• Maruti Suzuki India Ltd. Auto 3.38• Vedanta Ltd. Non - Ferrous Metals 3.25Oil & Natural Gas corporation Ltd. Oil 2.66Power Grid corporation of India Ltd. Power 2.63Adani Ports and Special Economic Zone Ltd. Transportation 2.44GAIL (India) Ltd. Gas 2.38Axis Bank Ltd. Banks 2.22Tata Motors Ltd. dVR Auto 2.06dilip Buildcon Ltd. construction 1.92coal India Ltd. Minerals/Mining 1.77cipla Ltd. Pharmaceuticals 1.74Solar Industries India Ltd. chemicals 1.72dLF Ltd. construction 1.60Kalpataru PowerTransmission Ltd. Power 1.48NTPc Ltd. Power 1.47Eimco Elecon (India) Ltd. Industrial capital Goods 1.46Aurobindo Pharma Ltd. Pharmaceuticals 1.41Tata Steel Ltd. Ferrous Metals 1.24Tata communications Ltd. Telecom - Services 1.22Hindalco Industries Ltd. Non - Ferrous Metals 1.22KcP Ltd. cement 1.22Bank of Baroda Banks 1.17Tata consultancy Services Ltd. Software 1.00JMc Projects (India) Ltd. construction 0.99HPL Electric and Power Ltd. consumer durables 0.84

Company Industry+ % to NAVMahindra & Mahindra Ltd. Auto 0.76Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 0.57Jaiprakash Power Ventures Ltd. Power 0.50c & c constructions Ltd. construction 0.48Pennar Engineered Bldg Systems Ltd Ferrous Metals 0.29KSK Energy Ventures Ltd. Power 0.12

Sub Total 97.33

Preference Shares

Vedanta Ltd. Non - Ferrous Metals 0.34

Sub Total 0.34

Total 97.67

cash, cash Equivalents and Net current Assets 2.33

grand Total 100.00

• Top Ten Holdings, £ co-sponsor

0.841.221.221.461.531.721.772.382.442.663.723.834.364.814.995.456.206.206.226.24

28.41

0 5 10 15 20 25 30Consumer Durables

CementTelecom - Services

Industrial Capital GoodsFerrous Metals

ChemicalsMinerals/Mining

GasTransportation

OilPharmaceuticals

FinancePetroleum Products

Non - Ferrous MetalsConstruction

Construction ProjectPower

AutoConsumer Non Durables

SoftwareBanks

Industry Allocation of Equity Holding (% of Net Assets)

^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.


l INVESTMENT OBjECTIVE

To achieve capital appreciation.

l FunD MAnAgER § ¥

Prashant jain (since June 19, 03) Total Experience: Over 26 years

l incEPTion DATE (Date of Allotment)

January 1, 1995

NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)

Regular Plan - Growth Option 608.029Regular Plan - dividend Option 57.088direct Plan - Growth Option 629.819direct Plan - dividend Option 59.664

ASSETS unDER MAnAgEMEnT (`) IN CRORE

As on July 31, 2017 20,350.41Average for Month of July, 2017 19,879.43

l quAnTiTATiVE DATA

Portfolio Turnover Ratio (Last 1 year) 24.10%

Risk Ration Standard Deviation 4.784%n Beta 1.142n Sharpe Ratio* 0.133

computed for the 3-yr period ended July 31, 2017. Based on month-end NAV. * Risk free rate: 6.25% (Source: FIMMdA MIBOR)

TOTAL ExPENSE RATIO (Weighted Average for the month)Excluding Goods and Service Tax on Management Fees

Regular: 2.05% Direct: 1.15%

l #BEncHMARK inDEX: NIFTY 500 Index


l EXiT loAD

l In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment.



l PLANS & OPTIONS

Regular Plan, direct Plan. Under Each Plan : Growth & dividend. The dividend Option offers dividend Payout and Reinvestment facility.

l MINIMUM APPLICATION AMOUNT

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

l REDEMPTion PRocEEDS

Normally despatched within 3-4 Business days.

§ date of migration from Zurich India Mutual Fund (close of business hours - June 19, 03. ¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

HDFC Equity Fund (An open-ended growth scheme)


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year


Assuming ` 10,000 invested systematically on the first Business day of every month over a period of time. cAGR returns are computed after accounting for the cash flow by using xIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 25.23 19.84 16.56 12,538 11,996 11,665Jul 31, 14 Last 3 Years 13.32 12.38 9.27 14,557 14,195 13,051Jul 31, 12 Last 5 Years 18.96 16.33 14.01 23,832 21,310 19,272Jan 01, 95 Since Inception 19.94 10.10 N.A. 608,029 87,933 N.A.

Returns greater than 1 year period are compounded annualized (cAGR). N.A. Not Available. For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.



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

Riskometer




EquiTY & EquiTY RElATED• IcIcI Bank Ltd. Banks 9.56• State Bank of India Banks 9.40• Larsen & Toubro Ltd. construction Project 7.78• Infosys Ltd. Software 6.41• HdFc Bank Ltd. Banks 5.31• Maruti Suzuki India Ltd. Auto 4.50• Reliance Industries Ltd. Petroleum Products 4.00• Tata Steel Ltd. Ferrous Metals 3.09• Balkrishna Industries Ltd. Auto Ancillaries 3.07• cESc Ltd. Power 2.80Power Grid corporation of India Ltd. Power 2.66Bank of Baroda Banks 2.39Aurobindo Pharma Ltd. Pharmaceuticals 2.21Housing DevelopmentFinance corporation Ltd.£ Finance 1.87Siemens Ltd. Industrial capital Goods 1.81UPL Ltd. Pesticides 1.75Adani Ports and Special Economic Zone Ltd. Transportation 1.73canara Bank Banks 1.71Tata Motors Ltd. Auto 1.67Avenue Supermarts Ltd. Retailing 1.56BEML Ltd. Industrial capital Goods 1.55Info Edge (India) Ltd. Software 1.43crompton Greaves Ltd. Industrial capital Goods 1.42Tata consultancy Services Ltd. Software 1.34Vedanta Ltd. Non - Ferrous Metals 1.32Prism cement Ltd. cement 1.31Kalpataru PowerTransmission Ltd. Power 1.19Punjab National Bank Banks 1.18Rural Electrification corporation Ltd. Finance 1.08GAIL (India) Ltd. Gas 1.01Tata Motors Ltd. dVR Auto 0.98Simplex Infrastructures Ltd. construction 0.76dish TV India Ltd. Media & Entertainment 0.76Time Technoplast Ltd. Industrial Products 0.75century Textiles &Industries Ltd. cement 0.71container corporation of India Ltd. Transportation 0.64Tata chemicals Ltd. chemicals 0.61Praj Industries Limited Industrial capital Goods 0.60Oriental Bank of commerce Banks 0.60cipla Ltd. Pharmaceuticals 0.60Hindustan construction company Ltd. construction Project 0.51NTPc Ltd. Power 0.51Siti Network Ltd. Media & Entertainment 0.41

Company Industry+ % to NAVOracle Financial Services Software Ltd. Software 0.40Sadbhav InfrastructureProject Ltd construction Project 0.33Ramco Systems Ltd. Software 0.29crompton Greavesconsumer Elec. Ltd consumer durables 0.28Jaiprakash Power Ventures Ltd. Power 0.20Gammon Infrastructure Projects Ltd. construction Project 0.12KSK Energy Ventures Ltd. Power 0.09Sub Total 98.26Preference SharesVedanta Ltd. Non - Ferrous Metals 0.11Zee EntertainmentEnterprises Ltd. Media & Entertainment 0.02Sub Total 0.13Total 98.39cash, cash Equivalents and Net current Assets 1.61grand Total 100.00


0.280.610.750.761.011.191.431.561.752.022.372.812.953.073.094.005.38

7.157.458.749.87

30.15

0 5 10 15 20 25 30 35Consumer Durables

ChemicalsIndustrial Products

ConstructionGas

Media And EntertainmentNon - Ferrous Metals

RetailingPesticides

CementTransportation

PharmaceuticalsFinance

Auto AncillariesFerrous Metals

Petroleum ProductsIndustrial Capital Goods

AutoPower

Construction ProjectSoftware

Banks




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


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



l incEPTion DATE (Date of Allotment)October 11, 1996



l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 30.60%Risk Ration Standard Deviation 4.570%n Beta 1.116n Sharpe Ratio* 0.131computed for the 3-yr period ended July 31, 2017. Based on month-end NAV. * Risk free rate: 6.25% (Source: FIMMdA MIBOR) TOTAL ExPENSE RATIO (Weighted Average for the month)

Excluding Goods and Service Tax on Management FeesRegular: 2.10% Direct: 1.35%

l #BEncHMARK inDEX: S&P BSE 200

l ##ADDl. BEncHMARK inDEX: S&P BSE SENSEx

l EXiT loADl In respect of each purchase / switch-in of Units, an Exit





l MINIMUM APPLICATION AMOUNTPurchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.

l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.§ date of migration from Zurich India Mutual Fund (close of business hours - June 19, 03¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).


l capital appreciation over long term.l Investment in equity and equity linked instruments including

equity derivatives primarily drawn from the companies in the S&P BSE 200 Index.

Riskometer




SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 2,500.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) $$ 34,447.46 9,579.15 2,655.81 938.15 462.35 139.23 Returns (Annualised) (%) $$ 21.31 20.02 15.18 17.93 16.96 31.15Benchmark Returns (Annualised) (%) # 14.41 14.44 12.11 15.39 14.59 27.56Addl. Benchmark Ret. (Annualised) (%) ## 13.00 13.51 10.47 12.30 11.43 25.85



Returns (%) $$

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`) $$

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 23.63 18.56 15.82 12,377 11,867 11,591Jul 31, 14 Last 3 Years 12.91 11.68 7.88 14,398 13,933 12,556Jul 31, 12 Last 5 Years 17.63 15.68 13.53 22,535 20,722 18,864Oct 11, 96 Since Inception 21.13 13.51 11.85 541,080 139,739 102,878

Returns greater than 1 year period are compounded annualized (cAGR). $$ All dividends declared prior to the splitting of the Scheme into dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.

PORTFOLIO Company Industry+ % to NAVEquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 8.27• IcIcI Bank Ltd. Banks 6.48• State Bank of India Banks 6.19• Larsen & Toubro Ltd. construction Project 6.16• Infosys Ltd. Software 5.08• Reliance Industries Ltd. Petroleum Products 4.81• Housing development

Finance corporation Ltd.£ Finance 3.59• ITc Ltd. consumer Non durables 3.16• Maruti Suzuki India Ltd. Auto 2.89• Tata consultancy Services Ltd. Software 2.42Tata Steel Ltd. Ferrous Metals 2.22Power Grid corporation of India Ltd. Power 2.22Tata Motors Ltd. Auto 2.05Aurobindo Pharma Ltd. Pharmaceuticals 1.88Axis Bank Ltd. Banks 1.84Adani Ports and Special Economic Zone Ltd. Transportation 1.75cESc Ltd. Power 1.73canara Bank Banks 1.57Bank of Baroda Banks 1.54ABB India Ltd. Industrial capital

Goods 1.44Kotak Mahindra Bank Ltd. Banks 1.42Indusind Bank Ltd. Banks 1.42Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.36NTPc Ltd. Power 1.35UPL Ltd. Pesticides 1.34Bank of India Banks 1.27Vedanta Ltd. Non - Ferrous Metals 1.26Siemens Ltd. Industrial capital Goods 1.22GAIL (India) Ltd. Gas 1.16Avenue Supermarts Ltd. RETAILING 1.15Yes Bank Ltd. Banks 1.13Punjab National Bank Banks 0.99Union Bank of India Banks 0.99cipla Ltd. Pharmaceuticals 0.93century Textiles & Industries Ltd. cement 0.93Mahindra & Mahindra Ltd. Auto 0.91Power Finance corporation Ltd. Finance 0.91HcL Technologies Ltd. Software 0.89Oil & Natural Gas corporation Ltd. Oil 0.85Rural Electrification corporation Ltd. Finance 0.80Ambuja cements Ltd. cement 0.76Oracle Financial Services Software Ltd. Software 0.68Wipro Ltd. Software 0.65Zee Entertainment Enterprises Ltd. Media & Entertainment 0.59Tata Motors Ltd. dVR Auto 0.58Bharti Airtel Ltd. Telecom - Services 0.58Tech Mahindra Ltd. Software 0.57Hindalco Industries Ltd. Non - Ferrous Metals 0.54dish TV India Ltd. Media & Entertainment 0.52

Company Industry+ % to NAVSteel Authority of India Ltd. Ferrous Metals 0.45divi's Laboratories Ltd. Pharmaceuticals 0.44Tata chemicals Ltd. chemicals 0.43Hindustan Petroleum corporation Ltd. Petroleum Products 0.42Info Edge (India) Ltd. Software 0.41Tata communications Ltd. Telecom - Services 0.41Bharat Petroleum corporation Ltd. Petroleum Products 0.37Federal Bank Ltd. Banks 0.31Bharat Electronics Ltd. Industrial capital Goods 0.24container corporation of India Ltd. Transportation 0.15NHPc Ltd. Power 0.11Sub Total 98.78Preference SharesVedanta Ltd. Non - Ferrous Metals 0.15Zee EntertainmentEnterprises Ltd. Media & Entertainment 0.02Sub Total 0.17Total 98.95cash, cash Equivalents and Net current Assets 1.05grand Total 100.00


0.430.850.991.131.151.161.341.691.901.952.672.903.164.615.305.415.606.166.43

10.7033.42

0 5 10 15 20 25 30 35 40Chemicals

OilTelecom - Services

Media And EntertainmentRetailing

GasPesticides


Non - Ferrous MetalsFerrous Metals

Industrial Capital GoodsConsumer Non Durables


PowerPetroleum Products

Construction ProjectAuto

SoftwareBanks




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

l INVESTMENT OBjECTIVETo achieve capital appreciation in the long term.

l FunD MAnAgER ¥

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

l incEPTion DATE (Date of Allotment)February 1, 1994



l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 40.13%Risk Ration Standard Deviation 4.501%n Beta 1.045n Sharpe Ratio* 0.192computed for the 3-yr period ended July 31, 2017. Based on month-end NAV. * Risk free rate: 6.25% (Source: FIMMdA MIBOR)

TOTAL ExPENSE RATIO (Weighted Average for the month)Excluding Goods and Service Tax on Management FeesRegular: 2.40% Direct: 1.33%









l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year


Assuming ` 10,000 invested systematically on the first Business day of every month over a period of time. cAGR returns are computed after accounting for the cash flow by using xIRR method (investment internal rate of return). The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 22.74 19.84 16.56 12,288 11,996 11,665Jul 31, 14 Last 3 Years 16.57 12.38 9.27 15,846 14,195 13,051Jul 31, 12 Last 5 Years 20.63 16.33 14.01 25,555 21,310 19,272Feb 01, 94 Since Inception 15.00 9.40 9.36 267,088 82,736 81,932

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by Miten Lathia, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 68.




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

Riskometer




EquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 8.14• Axis Bank Ltd. Banks 4.21• IcIcI Bank Ltd. Banks 3.86• Reliance Industries Ltd. Petroleum Products 3.75• State Bank of India Banks 3.63• Vedanta Ltd. Non - Ferrous Metals 3.24• GAIL (India) Ltd. Gas 3.17• cipla Ltd. Pharmaceuticals 3.15• Larsen & Toubro Ltd. construction Project 3.12• Infosys Ltd. Software 2.93Tata Motors Ltd. Auto 2.32Kotak Mahindra Bank Ltd. Banks 2.29VIP Industries Ltd. consumer durables 2.11Yes Bank Ltd. Banks 2.10Aurobindo Pharma Ltd. Pharmaceuticals 2.06Indusind Bank Ltd. Banks 2.05dilip Buildcon Ltd. construction 2.00dabur India Ltd. consumer Non durables 1.99Tata Steel Ltd. Ferrous Metals 1.97Oracle Financial Services Software Ltd. Software 1.92Solar Industries India Ltd. chemicals 1.83Adani Ports and Special Economic Zone Ltd. Transportation 1.82NHPc Ltd. Power 1.75Wipro Ltd. Software 1.68TV18 Broadcast Limited Media & Entertainment 1.63Bank of Baroda Banks 1.45J.Kumar Infraprojects Ltd. construction 1.33Voltas Ltd. construction Project 1.30Housing development Finance corporation Ltd.£ Finance 1.30Mahindra & Mahindra Ltd. Auto 1.22Blue Star Ltd. consumer durables 1.18Bajaj corp Ltd. consumer Non durables 1.08dish TV India Ltd. Media & Entertainment 1.06Sundram Fasteners Ltd. Auto Ancillaries 1.03Trent Ltd. Retailing 1.02PNc Infratech Ltd. construction 1.01Wonderla Holidays Ltd. Hotels, Resorts & Other

Recreational Activities 1.00IPcA Laboratories Ltd. Pharmaceuticals 0.97delta corp Ltd. Hotels, Resorts & Other

Recreational Activities 0.96Sadbhav Infrastructure Project Ltd construction Project 0.91Info Edge (India) Ltd. Software 0.85Bharat Petroleum corporation Ltd. Petroleum Products 0.83Fag Bearings India Ltd. Industrial Products 0.80Ashoka Buildcon Ltd. construction Project 0.76Ambuja cements Ltd. cement 0.76Wockhardt Ltd. Pharmaceuticals 0.72Titagarh Wagons Ltd. Industrial capital Goods 0.71

Company Industry+ % to NAVNetwork 18 Media & Investments Ltd Media & Entertainment 0.66crompton Greavesconsumer Elec. Ltd consumer durables 0.57Bharti Infratel Ltd. Telecom - Equipment &

Accessories 0.48Federal Bank Ltd. Banks 0.47Gujarat Pipavav Port Ltd. Transportation 0.43OnMobile Global Limited Telecom - Services 0.26Indoco Remedies Ltd. Pharmaceuticals 0.11KSK Energy Ventures Ltd. Power 0.05Tata communications Ltd. Telecom - Services 0.05Sub Total 94.05Preference SharesVedanta Ltd. Non - Ferrous Metals 0.21Sub Total 0.21Total 94.26cash, cash Equivalents and Net current Assets 5.74grand Total 100.00


0.310.480.710.760.801.021.031.301.801.831.961.972.253.073.173.353.453.543.864.344.586.097.017.38

28.20

0 5 10 15 20 25 30Telecom - Services

Telecom - Equipment & AccessoriesIndustrial Capital Goods

CementIndustrial Products

RetailingAuto Ancillaries

FinancePower

ChemicalsHotels, Resorts & Other Recreational Activities

Ferrous MetalsTransportation

Consumer Non DurablesGas

Media And EntertainmentNon - Ferrous Metals

AutoConsumer Durables

ConstructionPetroleum Products

Construction ProjectPharmaceuticals

SoftwareBanks




Company Industry+ / Rating % to NAV

EquiTY & EquiTY RElATED

• HdFc Bank Ltd. Banks 9.09

• Larsen & Toubro Ltd. construction Project 7.13

• Bharat Petroleum corporation Ltd. Petroleum Products 6.09

• IcIcI Bank Ltd. Banks 5.74

• Maruti Suzuki India Ltd. Auto 5.30

• cipla Ltd. Pharmaceuticals 5.21

• State Bank of India Banks 4.75

• Teamlease Services Ltd. commercial Services 4.62

• Tata Motors Ltd. dVR Auto 4.39

• BEML Ltd. Industrial capital Goods 4.38

NHPc Ltd. Power 4.31

cESc Ltd. Power 4.30

Bharat Electronics Ltd. Industrial capital Goods 3.92

KEc International Ltd. construction Project 3.79

Infosys Ltd. Software 3.58

Titagarh Wagons Ltd. Industrial capital Goods 3.26

Elecon Engineering co. Ltd. Industrial capital Goods 2.45

dynamatic Technologies Ltd. Auto Ancillaries 2.38

Thyrocare Technologies Ltd. Healthcare Services 2.19

Kalpataru PowerTransmission Ltd. Power 2.07

BSE Limited Finance 2.02

Transport corporation of India Ltd. Transportation 1.73

PNc Infratech Ltd. construction 1.58


centum Electronics Ltd. Industrial capital Goods 1.48

Network 18 Media & Investments Ltd Media & Entertainment 1.44

Sub Total 97.20

DEBT & DEBT RElATED

cREDiT EXPoSuRE

AU Small Finance Bank Ltd. FITcH - A+ 0.62

Sub Total 0.62

Total 97.82


grand Total 100.00

• Top Ten Holdings

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

l FunD MAnAgER ¥

Vinay Kulkarni (since November 21, 06) Total Experience: Over 27 years

l incEPTion DATE (Date of Allotment)September 17, 2004


ASSETS unDER MAnAgEMEnT (`) IN CROREAs on July 31, 2017 657.93Average for Month of July, 2017 645.40

l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 18.74%

Risk Ration Standard Deviation 5.072%n Beta 1.138n Sharpe Ratio* 0.133

computed for the 3-yr period ended July 31, 2017. Based on month-end NAV. * Risk free rate: 6.25% (Source: FIMMdA MIBOR)


l #BEncHMARK inDEX: S&P BSE 200








l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP10 year

SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 1,550.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 4,180.66 2,566.63 965.03 461.89 138.48 Returns (Annualised) (%) 14.33 14.54 19.09 16.89 29.89Benchmark Returns (Annualised) (%) # 12.28 12.11 15.39 14.59 27.56Addl. Benchmark Ret. (Annualised) (%) ## 11.22 10.47 12.30 11.43 25.85



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 22.64 18.56 15.82 12,277 11,867 11,591Jul 31, 14 Last 3 Years 13.62 11.68 7.88 14,672 13,933 12,556Jul 31, 12 Last 5 Years 17.95 15.68 13.53 22,837 20,722 18,864Sep 17, 04 Since Inception 17.35 15.00 14.70 78,465 60,454 58,468

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.



l capital appreciation over long term.l Investment primarily in equity and equity related instruments

of companies whose shares are quoting at prices below their true value.

Riskometer



PORTFOLIO

1.44

1.58

1.73

2.02

2.19

2.38

3.58

4.62

5.21

6.09

9.69

10.68

10.92

15.49

19.58

0 5 10 15 20 25

Media And Entertainment

Construction

Transportation

Finance

Healthcare Services

Auto Ancillaries

Software

Commercial Services

Pharmaceuticals

Petroleum Products

Auto

Power

Construction Project

Industrial Capital Goods

Banks




l INVESTMENT OBjECTIVETo generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid cap and Large cap ‘blue chip’ companies.

l FunD MAnAgER ¥


l incEPTion DATE (Date of Allotment)April 6, 2005



l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 18.61%Risk Ration Standard deviation 5.231%n Beta 1.205n Sharpe Ratio* 0.104computed for the 3-yr period ended July 31, 2017. Based on month-end NAV. * Risk free rate: 6.25% (Source: FIMMdA MIBOR)










l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.

l SEgMENT-WISE BREAK-UP oF EquiTY HolDing (% oF nET ASSETS)Large cap 46.89%Mid cap 51.65%¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP10 year

SIP5 year

SIP3 year

SIP1 year




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 22.72 19.84 16.56 12,286 11,996 11,665Jul 31, 14 Last 3 Years 11.76 12.38 9.27 13,963 14,195 13,051Jul 31, 12 Last 5 Years 16.07 16.33 14.01 21,074 21,310 19,272Apr 06, 05 Since Inception 14.66 13.70 13.70 53,973 48,662 48,698

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.




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

Riskometer



Company Industry+ % to NAV






• Tata Motors Ltd. dVR Auto 4.78

• Infosys Ltd. Software 4.68

• Tata Steel Ltd. Ferrous Metals 4.57

• Punjab National Bank Banks 4.51

• KEc International Ltd. construction Project 4.50


Housing development Finance corporation Ltd.£ Finance 4.14

Bharat Electronics Ltd. Industrial capital Goods 4.14

Larsen & Toubro Ltd. construction Project 3.98

Hindustan construction company Ltd. construction Project 3.67

crompton Greavesconsumer Elec. Ltd consumer durables 3.63

Bank of Baroda Banks 3.51

Axis Bank Ltd. Banks 3.21


cipla Ltd. Pharmaceuticals 2.08

Titagarh Wagons Ltd. Industrial capital Goods 1.91

crompton Greaves Ltd. Industrial capital Goods 1.67


The Indian Hotelscompany Ltd.

Hotels, Resorts & Other Recreational Activities 1.66

Siemens Ltd. Industrial capital Goods 1.35

dilip Buildcon Ltd. construction 1.24

Astra Microwave Products Ltd. Telecom - Equipment & Accessories 0.99

Tamil Nadu Newsprint & Papers Ltd. Paper 0.57

Total 98.55


grand Total 100.00


PORTFOLIO

0.57

0.99

1.24

1.66

2.08

2.50

3.63

4.14

4.38

4.57

4.68

9.07

9.57

12.15

37.32

0 5 10 15 20 25 30 35 40

Paper

Telecom - Equipment & Accessories

Construction

Hotels, Resorts & Other Recreational Activities

Pharmaceuticals

Power

Consumer Durables

Finance

Petroleum Products

Ferrous Metals

Software


Auto


Banks









• Reliance Industries Ltd. Petroleum Products 9.04



• Axis Bank Ltd. Banks 6.54


• ITc Ltd. consumer Non Durables 4.98


Tata Motors Ltd. dVR Auto 4.62

UltraTech cement Ltd. cement 3.09

cognizant Technology Solutions corp Software 3.08

Indusind Bank Ltd. Banks 2.68

Mahindra & Mahindra Ltd. Auto 2.43

Power Grid corporation of India Ltd. Power 2.04

Adani Ports and Special Economic Zone Ltd. Transportation 1.35

GAIL (India) Ltd. Gas 0.80


NTPc Ltd. Power 0.63

Indian Oil corporation Ltd. Petroleum Products 0.54

Sub Total 93.88

FoREign SEcuRiTiES AnD / oR oVERSEAS ETF(S)

cognizant Technology Solutions corp Software 3.08

Sub Total 3.08


grand Total 100.00


l INVESTMENT OBjECTIVETo provide long-term capital appreciation by investing predominantly in large cap companies.


Vinay Kulkarni (since June 27, 14) Total Experience: Over 27 years














l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.§ date of migration from Morgan Stanley Mutual Fund (close of business hours - June 27, 14)¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 1,110.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) $$ 1,926.39 830.39 437.81 137.31 Returns (Annualised) (%) $$ 11.53 12.97 13.14 27.94Benchmark Returns (Annualised) (%) # 11.76 13.26 12.60 26.58Addl. Benchmark Ret. (Annualised) (%) ## 11.21 12.30 11.43 25.85



Returns (%) $$

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`) $$

Benchmark (`)#



Returns greater than 1 year period are compounded annualized (cAGR). $$ All dividends declared prior to the splitting of the Scheme into dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV. For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.




l Investment in equity and equity related instruments of Large cap companies.

Riskometer



PORTFOLIO

0.80

1.35

2.67

3.09

4.98

7.98

8.85

12.84

16.51

37.89

0 5 10 15 20 25 30 35 40

Gas

Transportation

Power

Cement

Consumer Non Durables

Software


Auto

Petroleum Products

Banks




l INVESTMENT OBjECTIVETo generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-cap companies.

l FunD MAnAgER ¥

chirag Setalvad (since June 25, 07) Total Experience: Over 17 years

l incEPTion DATE (Date of Allotment)June 25, 2007





l #BEncHMARK inDEX: NIFTY Free Float Midcap 100 Index









l SEgMENT-WISE BREAK-UP oF EquiTY HolDing (% oF nET ASSETS)Large cap 1.46%Mid cap 93.88%¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP10 year

SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 1,220.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 4,225.85 4,118.14 1,187.70 498.72 138.29 Returns (Annualised) (%) 23.06 23.31 27.72 22.38 29.58Benchmark Returns (Annualised) (%) # 16.02 16.20 22.59 20.64 28.88Addl. Benchmark Ret. (Annualised) (%) ## 10.92 11.01 13.26 12.60 26.58



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 26.35 25.18 16.56 12,652 12,533 11,665Jul 31, 14 Last 3 Years 23.05 19.52 9.27 18,640 17,083 13,051Jul 31, 12 Last 5 Years 27.06 20.88 14.01 33,133 25,828 19,272Jun 25, 07 Since Inception 18.18 12.12 8.89 54,096 31,773 23,658

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.




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

Riskometer




EquiTY & EquiTY RElATED• Tube Investments of India Ltd. Auto Ancillaries 3.39• Voltas Ltd. construction Project 2.88• Yes Bank Ltd. Banks 2.59• Aurobindo Pharma Ltd. Pharmaceuticals 2.55• Indusind Bank Ltd. Banks 2.41• UPL Ltd. Pesticides 2.40• Balkrishna Industries Ltd. Auto Ancillaries 2.21• Sundram Fasteners Ltd. Auto Ancillaries 2.18• Adani Ports and Special

Economic Zone Ltd. Transportation 2.18• Hexaware Technologies Ltd. Software 2.09Federal Bank Ltd. Banks 1.93Aarti Industries Ltd. chemicals 1.92carborundum Universal Ltd. Industrial Products 1.90MRF Ltd. Auto Ancillaries 1.85VST Industries Ltd. consumer Non durables 1.81Bajaj Finance Ltd. Finance 1.79cholamandalam Investment and Finance company Ltd. Finance 1.76Punjab National Bank Banks 1.73Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.70Blue Star Ltd. consumer durables 1.66SKF India Ltd. Industrial Products 1.59Indian Bank Banks 1.56Bharat Electronics Ltd. Industrial capital Goods 1.55Trent Ltd. Retailing 1.54Redington (India) Limited Transportation 1.53city Union Bank Ltd. Banks 1.47Axis Bank Ltd. Banks 1.46Hindustan Petroleum corporation Ltd. Petroleum Products 1.45Navneet Education Ltd. Media & Entertainment 1.43Bank of Baroda Banks 1.43The Indian Hotelscompany Ltd.


Jagran Prakashan Ltd. Media & Entertainment 1.35Supreme Industries Ltd. Industrial Products 1.34Lakshmi Machine Works Ltd. Industrial capital Goods 1.29capital First Ltd. Finance 1.27KNR constructions Ltd. construction 1.24Petronet LNG Ltd. Gas 1.20d.B.corp Ltd. Media & Entertainment 1.18Greenply Industries Ltd. consumer durables 1.12NIIT Technologies Ltd. Software 1.12Atul Ltd. chemicals 1.09Solar Industries India Ltd. chemicals 1.03Karur Vysya Bank Ltd. Banks 1.02Exide Industries Ltd. Auto Ancillaries 0.99IPcA Laboratories Ltd. Pharmaceuticals 0.96Power Finance corporation Ltd. Finance 0.93Union Bank of India Banks 0.93Vardhman Textiles Ltd. Textiles - cotton 0.92Greenlam Industries Ltd. consumer durables 0.89Fag Bearings India Ltd. Industrial Products 0.89cummins India Ltd. Industrial Products 0.89Vesuvius India Ltd. Industrial Products 0.89KEc International Ltd. construction Project 0.85Mahindra Holidays &Resorts Ind Ltd


Max Financial Services Limited Finance 0.82AIA Engineering Ltd. Industrial Products 0.81divi's Laboratories Ltd. Pharmaceuticals 0.80Sadbhav Engineering Ltd. construction Project 0.75Allahabad Bank Banks 0.75

Company Industry+ % to NAVGrindwell Norton Ltd. Industrial Products 0.71Oracle Financial Services Software Ltd. Software 0.69Strides Shasun Limited Pharmaceuticals 0.67dhanuka Agritech Ltd. Pesticides 0.66delta corp Ltd. Hotels, Resorts & Other

Recreational Activities 0.62Whirlpool of India Ltd. consumer durables 0.57Apollo Tyres Ltd. Auto Ancillaries 0.56Huhtamaki PPL Ltd. Industrial Products 0.55Persistent Systems Limited Software 0.54Havells India Ltd. consumer durables 0.53Thermax Ltd. Industrial capital Goods 0.40Bata India Ltd. consumer durables 0.33Oil India Ltd. Oil 0.26eclerx Services Ltd. Software 0.22Max India Limited Healthcare Services 0.20crompton Greaves Ltd. Industrial capital Goods 0.11GTPL Hathway Ltd. Media & Entertainment 0.10Wockhardt Ltd. Pharmaceuticals 0.09Sub Total 95.32Preference SharesZee Entertainment Enterprises Ltd. Media & Entertainment 0.01Sub Total 0.01Total 95.33cash, cash Equivalents and Net current Assets 4.67

grand Total 100.00• Top Ten Holdings

0.200.260.921.201.241.451.541.812.873.063.353.714.044.074.484.665.10

6.576.77

9.5711.18

17.28

0 2 4 6 8 101214161820Healthcare Services

OilTextiles - Cotton

GasConstruction

Petroleum ProductsRetailing

Consumer Non DurablesHotels, Resorts & Other Recreational Activities

PesticidesIndustrial Capital Goods

TransportationChemicals

Media And EntertainmentConstruction Project

SoftwareConsumer Durables

FinancePharmaceuticals

Industrial ProductsAuto Ancillaries

Banks




l INVESTMENT OBjECTIVETo provide long-term capital appreciation by investing predominantly in Small-cap and Mid-cap companies.


chirag Setalvad (since June 27, 14) Total Experience: Over 17 years






l #BEncHMARK inDEX: NIFTY Free Float Smallcap 100 Indexl ##ADDl. BEncHMARK inDEX: NIFTY 50 Index








l SEgMENT-WISE BREAK-UP oF EquiTY HolDing (% oF nET ASSETS)Mid cap 4.17%Small cap 87.79%§ date of migration from Morgan Stanley Mutual Fund (close

of business hours - June 27, 14)¥ dedicated Fund Manager for Overseas Investments:

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

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


SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 1,120.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 2,881.40 1,080.40 503.27 142.50 Returns (Annualised) (%) 19.37 23.76 23.03 36.70Benchmark Returns (Annualised) (%) # 15.80 22.76 21.95 37.69Addl. Benchmark Ret. (Annualised) (%) ## 11.69 13.26 12.60 26.58



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 29.31 28.00 16.56 12,949 12,817 11,665Jul 31, 14 Last 3 Years 21.24 15.50 9.27 17,831 15,415 13,051Jul 31, 12 Last 5 Years 22.96 19.44 14.01 28,126 24,316 19,272Apr 03, 08 Since Inception 15.40 8.35 8.34 38,072 21,137 21,119

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.




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

Riskometer



PORTFOLIO


EquiTY & EquiTY RElATED• Oriental carbon &

chemicals Ltd. chemicals 4.12• KEc International Ltd. construction Project 3.94• carborundum Universal Ltd. Industrial Products 3.88• Aarti Industries Ltd. chemicals 3.83• Tube Investments of India Ltd. Auto Ancillaries 3.61• city Union Bank Ltd. Banks 3.25• Balkrishna Industries Ltd. Auto Ancillaries 3.12• dilip Buildcon Ltd. construction 2.85• Apar Industries Limited Industrial capital Goods 2.77• Swaraj Engines Ltd. Industrial Products 2.61LG Balakrishnan & Bros Ltd. Auto Ancillaries 2.39Federal Bank Ltd. Banks 2.39PNc Infratech Ltd. construction 2.29Redington (India) Limited Transportation 2.16NIIT Technologies Ltd. Software 2.06Kalpataru Power Transmission Ltd. Power 2.03Hexaware Technologies Ltd. Software 1.95Oriental Bank of commerce Banks 1.91Greenply Industries Ltd. consumer durables 1.86Aurobindo Pharma Ltd. Pharmaceuticals 1.79century Plyboards (India) Ltd. consumer durables 1.75Vesuvius India Ltd. Industrial Products 1.75Sundram Fasteners Ltd. Auto Ancillaries 1.71Jagran Prakashan Ltd. Media & Entertainment 1.67VIP Industries Ltd. consumer durables 1.65IFB Industries Ltd. consumer durables 1.65d.B. corp Ltd. Media & Entertainment 1.59Titagarh Wagons Ltd. Industrial capital Goods 1.53The Indian Hotelscompany Ltd.


Insecticides (India) Ltd. Pesticides 1.48V.S.T Tillers Tractors Ltd. Auto 1.47Banco Products (I) Ltd. Auto Ancillaries 1.44Hindustan construction company Ltd. construction Project 1.42Vardhman Textiles Ltd. Textiles - cotton 1.41Sarla Performance Fibers Ltd. Textiles - Synthetic 1.40Sadbhav Engineering Ltd. construction Project 1.37Great Eastern Shipping company Ltd. Transportation 1.27


Everest Industries Ltd. cement 1.25Nilkamal Ltd. Industrial Products 1.18SKF India Ltd. Industrial Products 1.16Power Mech Projects Ltd. construction Project 1.07Time Technoplast Ltd. Industrial Products 1.05corporation Bank Banks 0.95Atul Auto Ltd. Auto 0.93Garware Wall Ropes Ltd. Textile Products 0.77Mold-Tek Packaging Ltd. Industrial Products 0.71NRB Bearing Ltd. Industrial Products 0.65Indian Bank Banks 0.58Avanti Feeds Ltd. consumer Non durables 0.42IFGL Refractories Ltd. Industrial Products 0.39Total 91.97


grand Total 100.00


0.420.771.251.401.411.481.491.792.032.403.263.434.014.305.14

6.917.807.95

9.0812.27

13.38

0 2 4 6 8 10 12 14 16Consumer Non Durables

Textile ProductsCement

Textiles - SyntheticTextiles - Cotton

PesticidesHotels, Resorts & Other Recreational Activities

PharmaceuticalsPower

AutoMedia And Entertainment

TransportationSoftware

Industrial Capital GoodsConstruction

Consumer DurablesConstruction Project

ChemicalsBanks

Auto AncillariesIndustrial Products




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

l FunD MAnAgER ¥

Srinivas Rao Ravuri (since March 20, 17) Total Experience: Over 22 years

l incEPTion DATE (Date of Allotment)March 10, 2008



l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 6.01%Risk Ration Standard Deviation 5.610%n Beta 1.267n Sharpe Ratio* 0.106computed for the 3-yr period ended July 31, 2017. Based on month-end NAV. * Risk free rate: 6.25% (Source: FIMMdA MIBOR)










l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days (Redemption is subject to completion of Lock-in Period, if applicable).¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

HDFC Infrastructure Fund (An open-ended equity scheme)


SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 1,130.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 2,138.70 963.58 455.53 141.26 Returns (Annualised) (%) 13.06 19.03 15.91 34.60Benchmark Returns (Annualised) (%) # 13.25 16.26 15.41 28.75Addl. Benchmark Ret. (Annualised) (%) ## 11.62 13.26 12.60 26.58



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 25.07 19.84 16.56 12,523 11,996 11,665Jul 31, 14 Last 3 Years 12.10 12.38 9.27 14,092 14,195 13,051Jul 31, 12 Last 5 Years 16.24 16.33 14.01 21,233 21,310 19,272Mar 10, 08 Since Inception 7.84 8.95 8.21 20,318 22,387 20,992

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.




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

Riskometer

Investors understand that their principal will be at high risk


PORTFOLIO


EquiTY & EquiTY RElATED• State Bank of India Banks 9.60• Larsen & Toubro Ltd. construction Project 8.69• IcIcI Bank Ltd. Banks 7.48• Siemens Ltd. Industrial capital Goods 5.09• JMc Projects (India) Ltd. construction 3.88• cESc Ltd. Power 3.79• Bank of Baroda Banks 3.79• Hindustan construction

company Ltd. construction Project 3.66• Punjab National Bank Banks 3.62• Astra Microwave

Products Ltd.Telecom - Equipment & Accessories 3.00

Premier Explosives Ltd. chemicals 2.92Simplex Infrastructures Ltd. construction 2.66centum Electronics Ltd. Industrial capital Goods 2.51Maruti Suzuki India Ltd. Auto 2.50dilip Buildcon Ltd. construction 2.49BEML Ltd. Industrial capital Goods 2.45HBL Power Systems Ltd. consumer Non durables 2.34dynamatic Technologies Ltd. Auto Ancillaries 2.08canara Bank Banks 2.05B L Kashyap & Sons Ltd. construction 2.05Texmaco Rail & Engineering Ltd. Industrial capital Goods 2.00PNc Infratech Ltd. construction 1.94KEc International Ltd. construction Project 1.93MEP Infrastructuredevelopers Ltd. Transportation 1.66crompton Greaves Ltd. Industrial capital Goods 1.41ITd cementation India Ltd. construction 1.29Vedanta Ltd. Non - Ferrous Metals 1.26Sanghvi Movers Ltd Industrial capital Goods 1.16Gammon Infrastructure Projects Ltd. construction Project 1.03Tata Steel Ltd. Ferrous Metals 0.99Everest Industries Ltd. cement 0.88Tata Motors Ltd. dVR Auto 0.85Transformers And Rectifiers (India) Ltd.

Industrial capital Goods 0.83

Sadbhav Infrastructure Project Ltd construction Project 0.74Sadbhav Engineering Ltd. construction Project 0.60corporation Bank Banks 0.60J.Kumar Infraprojects Ltd. construction 0.58Elecon Engineering co. Ltd. Industrial capital Goods 0.51Swelect Energy Systems Ltd. Industrial capital Goods 0.49c & c constructions Ltd. construction 0.44


KSK Energy Ventures Ltd. Power 0.40Oriental Bank of commerce Banks 0.26Rural Electrification corporation Ltd. Finance 0.25Pennar Engineered Bldg Systems Ltd Ferrous Metals 0.24Jaiprakash Power Ventures Ltd. Power 0.19Power Finance corporation Ltd. Finance 0.15Easun Reyrolle Ltd. Industrial capital Goods 0.08Total 99.41

Preference SharesVedanta Ltd. Non - Ferrous Metals 0.16Sub Total 0.16Total 99.57


grand Total 100.00


0.40

0.88

1.23

1.42

1.66

2.08

2.34

2.92

3.00

3.35

4.38

15.33

16.53

16.65

27.40

0 5 10 15 20 25 30

Finance

Cement

Ferrous Metals

Non - Ferrous Metals

Transportation

Auto Ancillaries


Chemicals

Telecom - Equipment & Accessories

Auto

Power

Construction



Banks




HDFC Balanced Fund (An open-ended balanced scheme)

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

l FunD MAnAgER ¥

chirag Setalvad (since April 2, 07) Total Experience - Over 17 years




l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 35.07%Average Maturity * 7.41 yearsModified duration * 4.39 yearsYield to Maturity * 7.12%* computed on the invested amount for debt portfolio.


l #BEncHMARK inDEX: cRISIL Balanced Fund - Aggressive Index


l EXiT loAD

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

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

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





l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years).

Face Value per Unit: ` 10 unless otherwise specified, + Industry classification as recommended by AMFI, data is as of July 31, 2017 unless otherwise specified. ....contd on next page


l capital appreciation along with current income over long term.l Investment predominantly in equity and equity related instruments

with balance exposure to debt and money market instruments.

Riskometer



PORTFOLIO


EquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 5.28• Larsen & Toubro Ltd. construction Project 3.84• Reliance Industries Ltd. Petroleum Products 3.56• ITc Ltd. consumer Non durables 3.06• IcIcI Bank Ltd. Banks 2.97• State Bank of India Banks 2.51• Housing development

Finance corporation Ltd.£ Finance 2.34• Tube Investments of India Ltd. Auto Ancillaries 2.31• Aurobindo Pharma Ltd. Pharmaceuticals 2.07Power Grid corporation of India Ltd. Power 1.97Voltas Ltd. construction Project 1.96Infosys Ltd. Software 1.89Indusind Bank Ltd. Banks 1.65Aarti Industries Ltd. chemicals 1.57Vedanta Ltd. Non - Ferrous Metals 1.45Tata Steel Ltd. Ferrous Metals 1.40Federal Bank Ltd. Banks 1.24KEc International Ltd. construction Project 1.22Bharti Airtel Ltd. Telecom - Services 1.14Bharat Petroleum corporation Ltd. Petroleum Products 1.05Hindustan Petroleum corporation Ltd. Petroleum Products 1.03Tata Motors Ltd. dVR Auto 1.01cholamandalam Investment and Finance company Ltd. Finance 0.89SKF India Ltd. Industrial Products 0.89city Union Bank Ltd. Banks 0.88Mahindra Holidays &Resorts India Ltd


Axis Bank Ltd. Banks 0.83Redington (India) Limited Transportation 0.77The Indian Hotelscompany Ltd.


Balkrishna Industries Ltd. Auto Ancillaries 0.75Bajaj Finance Ltd. Finance 0.75PNc Infratech Ltd. construction 0.75Hero Motocorp Ltd. Auto 0.69Tamil Nadu Newsprint & Papers Ltd. Paper 0.65Bank of Baroda Banks 0.65Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.62VST Industries Ltd. consumer Non durables 0.61MRF Ltd. Auto Ancillaries 0.59Tata consultancy Services Ltd. Software 0.56Oil & Natural Gascorporation Ltd. Oil 0.51Greenply Industries Ltd. consumer durables 0.48Kalpataru PowerTransmission Ltd. Power 0.48Avenue Supermarts Ltd. Retailing 0.45carborundum Universal Ltd. Industrial Products 0.45Union Bank of India Banks 0.44Indian Bank Banks 0.41Atul Ltd. chemicals 0.41Hexaware Technologies Ltd. Software 0.39Bharat Electronics Ltd. Industrial capital Goods 0.39Sadbhav Engineering Ltd. construction Project 0.37Zensar Technologies Ltd. Software 0.37Navneet Education Ltd. Media & Entertainment 0.36Rallis India Ltd. Pesticides 0.36Kaveri Seed company Ltd. consumer Non durables 0.33IPcA Laboratories Ltd. Pharmaceuticals 0.32NIIT Technologies Ltd. Software 0.31Insecticides (India) Ltd. Pesticides 0.31Allahabad Bank Banks 0.18Atul Auto Ltd. Auto 0.18Fag Bearings India Ltd. Industrial Products 0.17J.Kumar Infraprojects Ltd. construction 0.17Lupin Ltd. Pharmaceuticals 0.15MM Forgings Ltd. Industrial Products 0.13

Company Industry+ / Rating % to NAVPersistent Systems Limited Software 0.12crompton Greaves Ltd. Industrial capital Goods 0.03Sub Total 67.30PREFERENCE SHARESVedanta Ltd. Non - Ferrous Metals 0.12Sub Total 0.12Total 67.42DEBT & DEBT RElATEDgOVERNMENT SECURITIES8.13 GOI 2045 Sovereign 1.818.24 GOI 2033 Sovereign 1.388.20 GOI 2025 Sovereign 1.368.32 GOI 2032 Sovereign 1.327.16 GOI 2023 Sovereign 1.267.35 GOI 2024 Sovereign 1.128.08 GOI 2022 Sovereign 1.008.15 GOI 2022 Sovereign 0.847.88 GOI 2030 Sovereign 0.787.73 GOI 2034 Sovereign 0.777.72 GOI 2025 Sovereign 0.767.68 GOI 2023 Sovereign 0.618.17 GOI 2044 Sovereign 0.478.83 GOI 2023 Sovereign 0.438.97 GOI 2030 Sovereign 0.428.40 GOI 2024 Sovereign 0.398.60 GOI 2028 Sovereign 0.328.35 GOI 2022 Sovereign 0.316.35 GOI 2020 Sovereign 0.277.80 GOI 2020 Sovereign 0.198.12 GOI 2020 Sovereign 0.178.30 GOI 2040 Sovereign 0.038.20 GOI 2022 Sovereign 0.02Sub Total 16.03cREDiT EXPoSuRE • Housing development

Finance corporation Ltd.£ cRISIL - AAA 2.69Punjab National Bank cRISIL - AA 0.72Bank of India cRISIL - A+ 0.72cholamandalam Investment and Finance company Ltd. IcRA - AA 0.56Shriram TransportFinance co. Ltd. cRISIL - AA+ 0.55Tata Sons Ltd. cRISIL - AAA 0.40State Bank of India cRISIL - AA+, AAA 0.39Oriental Bank of commerce IcRA - A, AA- 0.37HdFc Bank Ltd. cRISIL - AAA 0.37National HighwaysAuthority of India cRISIL - AAA 0.37Small Industries Development Bank of India cARE - AAA 0.37Axis Bank Ltd. cRISIL - AA+ 0.37L&T Finance Limited cARE - AA+ 0.36LIc Housing Finance Ltd. cRISIL - AAA 0.26Power Finance corporation Ltd. cRISIL - AAA 0.25Syndicate Bank cARE - AA- 0.23IcIcI Bank Ltd. cARE - AAA 0.18IdBI Bank Ltd. IcRA - BBB- 0.17Andhra Bank cARE - AA- 0.15Vedanta Ltd. cRISIL - AA 0.12Hindalco Industries Ltd. cRISIL - AA 0.08Tata Motors Finance Ltd. cRISIL - AA 0.04Sub Total 9.72cash margin / Earmarked cash for Futures & Options 0.87cash, cash Equivalents and Net current Assets 5.96

grand Total 100.00

• Top Ten Holdings, £ co-sponsorOutstanding exposure in derivative instruments (` in crore) 119.72

Hedged position in Equity & Equity related instrumentsOutstanding derivative exposure (% age) 0.87

Equity 67.42G-Sec 16.03credit Exposure 9.72cash, cash Equivalents and Net current Assets 6.83

Equity 67.42Sovereign 16.03AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 4.91AA+ & Below 4.81cash, cash Equivalents and Net current Assets 6.83

Portfolio classification by Asset class (%) Portfolio classification by Rating class (%)


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

l FunD MAnAgER ¥

Vinay Kulkarni (Equities) (since November 21, 06) Total Experience: Over 27 years Krishan Kumar Daga (Equities) (since January 08, 16) Total Experience: Over 21 yearsAnil Bamboli (Debt) (since September 17, 04) Total Experience: Over 23 years




l quAnTiTATiVE DATAPortfolio Turnover Ratio 72.96%Average Maturity * 2.38 yearsModified duration * 1.76 yearsYield to Maturity * 7.18%* computed on the invested amount for debt portfolio.


l #BEncHMARK inDEX: 40% NIFTY 50 Arbitrage Index, 30% cRISIL Short Term Bond Fund Index and 30% NIFTY 50 Index

l ##ADDl. BEncHMARK inDEX: cRISIL 10 year Gilt Index

l EXiT loADl In respect of each purchase / switch-in of Units, upto 15%

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





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

This product is suitable for investors who are seeking ~l capital appreciation while generating income over medium to

long term.l Provide capital appreciation and income distribution to the

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

Riskometer



Equity 67.46Sovereign 4.84AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 6.04AA+ & Below 7.69


Portfolio classification by Rating class (%)

SIP PERFORMANCE^ - Regular Plan - Growth OptionSince Inception SIP 15 year SIP 10 year SIP 5 year SIP 3 year SIP 1 year SIP

Total Amount Invested (` ‘000) 2,030.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 11,433.75 8,017.22 3,094.06 994.73 464.80 136.51 Returns (Annualised) (%) 18.13 18.00 18.02 20.34 17.33 26.60Benchmark Returns (Annualised) (%) # N.A. 11.73 10.63 12.43 12.02 20.35Addl. Benchmark Ret. (Annualised) (%) ## 13.94 13.57 11.01 13.26 12.60 26.58



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##

Value of ` 10,000 investedScheme (`) Benchmark

(`)#Additional

Benchmark (`)##

Jul 29, 16 Last 1 Year 21.45 14.36 16.56 12,158 11,445 11,665Jul 31, 14 Last 3 Years 16.52 10.11 9.27 15,825 13,355 13,051Jul 31, 12 Last 5 Years 19.79 12.71 14.01 24,674 18,193 19,272Sep 11, 00 Since Inception 17.10 N.A. 12.13 144,004 N.A. 69,194

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.

0.360.420.450.480.510.650.670.770.921.141.401.571.631.641.881.982.453.163.643.653.984.00

5.647.39

17.04

0 2 4 6 81012141618Media And Entertainment

Industrial Capital GoodsRetailing

Consumer DurablesOil

PaperPesticides

TransportationConstruction

Telecom - ServicesFerrous Metals

Non - Ferrous MetalsHotels, Resorts & Other Recreational Activities

Industrial ProductsAuto

ChemicalsPower

PharmaceuticalsSoftware

Auto AncillariesFinance

Consumer Non DurablesPetroleum Products

Construction ProjectBanks


HDFC Balanced Fund (An open-ended balanced scheme) Contd...


SIP PERFORMANCE^ - Regular Plan - Growth OptionSince Inception SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested (` ‘000) 1,550.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 3,181.37 2,126.49 821.36 443.08 130.48 Returns (Annualised) (%) 10.52 11.02 12.52 13.97 16.67Benchmark Returns (Annualised) (%) # N.A. N.A. 11.35 10.76 19.19Addl. Benchmark Ret. (Annualised) (%) ## 7.46 7.84 9.55 10.33 8.08

Assuming ` 10,000 invested systematically on the first Business day of every month over a period of time. cAGR returns are computed after accounting for the cash flow by using xIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A. Not Available.


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


(`)#Additional

Benchmark (`)##

Jul 29, 16 Last 1 Year 17.29 13.15 9.83 11,740 11,323 10,989Jul 31, 14 Last 3 Years 10.99 8.85 11.15 13,675 12,901 13,734Jul 31, 12 Last 5 Years 11.21 11.88 8.60 17,017 17,534 15,110Sep 17, 04 Since Inception 9.97 N.A. 6.29 33,993 N.A. 21,937

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark, since a portion of scheme’s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes managed by Vinay Kulkarni (Equities), Krishan Kumar daga (Equities) and Anil Bamboli (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 68.




¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years).



PORTFOLIO Company Industry+ / Rating % to NAV

(Hedged & Unhedged)

% exposure of Derivative

EquiTY & EquiTY RElATEDHdFc Bank Ltd. Banks 2.21 -Larsen & Toubro Ltd. construction Project 1.89 -State Bank of India Banks 2.14 0.59Infosys Ltd. Software 3.53 2.14Reliance Industries Ltd. Petroleum Products 2.60 1.32NTPc Ltd. Power 1.20 0.03IcIcI Bank Ltd. Banks 0.95 -Housing development Finance corporation Ltd.£ Finance 0.86 -GAIL (India) Ltd. Gas 0.93 0.11Tata Motors Ltd. dVR Auto 0.79 -Bharat Petroleum corporation Ltd. Petroleum Products 0.72 -Tata Steel Ltd. Ferrous Metals 0.70 -United Spirits Ltd. consumer Non durables 0.90 0.25Maruti Suzuki India Ltd. Auto 0.65 -KEc International Ltd. construction Project 0.59 -Tata communications Ltd. Telecom - Services 0.56 -BEML Ltd. Industrial capital Goods 0.48 -Mahindra & Mahindra Financial Services Ltd. Finance 0.44 -Power Grid corporation of India Ltd. Power 0.48 0.05Axis Bank Ltd. Banks 1.03 0.62century Textiles & Industries Ltd. cement 0.54 0.15Tamil Nadu Newsprint & Papers Ltd. Paper 0.38 -Punjab National Bank Banks 0.36 -TV18 Broadcast Limited Media And Entertainment 0.35 -Hindustan Petroleum corporation Ltd. Petroleum Products 0.34 -Bajaj corp Ltd. consumer Non durables 0.33 -container corporation of India Ltd. Transportation 0.32 -Equitas Holdings Ltd. Finance 0.31 -Reliance Power Ltd. Power 0.29 -Mahindra Lifespace developers Ltd. construction 0.27 -Mcleod Russel India Ltd. consumer Non durables 0.27 -Mahindra & Mahindra Ltd. Auto 0.37 0.11Orient cement Ltd. cement 0.26 -dabur India Ltd. consumer Non durables 0.26 -Bajaj Electricals Ltd. consumer durables 0.22 -Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.22 -NHPc Ltd. Power 0.22 -Adani Ports and Special Economic Zone Ltd. Transportation 1.11 0.90Monsanto India Ltd. Pesticides 0.21 -IPcA Laboratories Ltd. Pharmaceuticals 0.18 -Indusind Bank Ltd. Banks 0.18 -Oil & Natural Gas corporation Ltd. Oil 0.40 0.23S chand and company Ltd. Media And Entertainment 0.16 -UPL Ltd. Pesticides 0.17 0.03Federal Bank Ltd. Banks 0.50 0.38HSIL LIMITEd consumer durables 0.11 -VIP Industries Ltd. consumer durables 0.09 -Ambuja cements Ltd. cement 0.23 0.15MT Educare Ltd. diversified consumer Services 0.08 -central depository Services (India) Ltd. FINANcE 0.08 -Navkar corporation Ltd. Transportation 0.07 -Everest Industries Ltd. cement 0.06 -Bharti Infratel Ltd. Telecom - Equipment &

Accessories 0.33 0.30Elecon Engineering co. Ltd. Industrial capital Goods 0.03 -MPS Ltd. consumer Non durables 0.03 -Aurobindo Pharma Ltd. Pharmaceuticals 1.29 1.27ITc Ltd. consumer Non durables 2.06 2.05JSW Steel Ltd. Ferrous Metals 1.71 1.70Wockhardt Ltd. Pharmaceuticals 0.23 0.22Repco Home Finance Ltd. Finance 0.01 -IFB Industries Ltd. consumer durables 0.01 -Hindalco Industries Ltd. Non - Ferrous Metals 3.60 3.60Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 3.01 3.01Shriram Transport Finance co. Ltd. Finance 1.71 1.71Yes Bank Ltd. Banks 1.51 1.51coal India Ltd. Minerals/Mining 1.44 1.44Vedanta Ltd. Non - Ferrous Metals 1.13 1.13LIc Housing Finance Ltd. Finance 1.09 1.09dLF Ltd. construction 1.04 1.04Bharat Financial Inclusion Ltd. Finance 0.93 0.93Tech Mahindra Ltd. Software 0.91 0.91Hero Motocorp Ltd. Auto 0.67 0.67IdFc Ltd. Finance 0.67 0.67Bharat Forge Ltd. Industrial Products 0.64 0.64Reliance capital Ltd. Finance 0.55 0.55EScORTS LTd Auto 0.52 0.52Indiabulls Housing Finance Ltd. Finance 0.51 0.51UltraTech cement Ltd. cement 0.50 0.50Arvind Ltd. Textile Products 0.48 0.48Hindustan Unilever Ltd. consumer Non durables 0.47 0.47cipla Ltd. Pharmaceuticals 0.47 0.47dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.46 0.46Ashok Leyland Ltd. Auto 0.42 0.42Indiabulls Real Estate Ltd. construction 0.38 0.38Multi commodity Exchange of India Ltd. Finance 0.32 0.32Bharat Electronics Ltd. Industrial capital Goods 0.31 0.31Tata Motors Ltd. Auto 0.31 0.31IcIcI Prudential Life Insurance company Ltd. Finance 0.28 0.28JSW Energy Ltd. Power 0.27 0.27Petronet LNG Ltd. Gas 0.26 0.26Jindal Steel & Power Ltd. Ferrous Metals 0.26 0.26Rural Electrification corporation Ltd. Finance 0.25 0.25Zee Entertainment Enterprises Ltd. Media And Entertainment 0.23 0.23Eicher Motors Ltd. Auto 0.22 0.22IdFc Bank Ltd. Banks 0.20 0.20NMdc Limited Minerals/Mining 0.19 0.19Hindustan Zinc Ltd. Non - Ferrous Metals 0.18 0.18Idea cellular Ltd. Telecom - Services 0.18 0.18

Company Industry+ / Rating % to NAV (Hedged & Unhedged)

% exposure of Derivative

Manappuram Finance Ltd. Finance 0.18 0.18MRF Ltd. Auto Ancillaries 0.17 0.17Kotak Mahindra Bank Ltd. Banks 0.16 0.16IFcI Ltd. Finance 0.15 0.15Bajaj Auto Ltd. Auto 0.15 0.15Ujjivan Financial Services Ltd. Finance 0.15 0.15HcL Technologies Ltd. Software 0.14 0.14Titan company Ltd. consumer durables 0.14 0.14Bharat Heavy Electricals Ltd. Industrial capital Goods 0.13 0.13Power Finance corporation Ltd. Finance 0.12 0.12Acc Ltd. cement 0.12 0.12PTc India Ltd. Power 0.12 0.12Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.10 0.10Fortis Healthcare Ltd. Healthcare Services 0.09 0.09Grasim Industries Ltd. cement 0.09 0.09United Breweries Ltd. consumer Non durables 0.08 0.08The Tata Power company Ltd. Power 0.08 0.08Bosch Ltd. Auto Ancillaries 0.07 0.07Lupin Ltd. Pharmaceuticals 0.07 0.06India cements Ltd. cement 0.06 0.06Tata Elxsi Ltd. Software 0.04 0.04Mangalore Refinery and Petrochemicals Ltd. Petroleum Products 0.04 0.04The Ramco cements Ltd. cement 0.04 0.04Kaveri Seed company Ltd. consumer Non durables 0.02 0.02Godfrey Phillips India Ltd. consumer Non durables 0.02 0.02Bajaj Finance Ltd. Finance 0.02 0.02Biocon Ltd. Pharmaceuticals 0.02 0.02Bata India Ltd. consumer durables 0.01 0.01Sun TV Network Ltd. Media And Entertainment 0.01 0.01Strides Shasun Ltd. Pharmaceuticals 0.01 0.01Marico Ltd. consumer Non durables @ -Sub Total 67.46 41.76PREFERENCE SHARESZee Entertainment Enterprises Ltd. Media & Entertainment @Sub Total @Total Equity & Equity Related 67.46DEBT & DEBT RElATEDgOVERNMENT SECURITIES• 7.35 GOI 2024 Sovereign 4.84Sub Total 4.84cREDiT EXPoSuRE • Housing development Finance corporation Ltd.£ cRISIL - AAA 2.89• Punjab National Bank cRISIL - AA 2.76Export - Import Bank of India cRISIL - AAA 1.67Union Bank of India FITcH - AA 1.66Repco Home Finance Ltd IcRA - AA- 0.79canara Bank cRISIL - AA 1.37Mahindra & Mahindra Financial Services Ltd. FITcH - AAA 0.71LIc Housing Finance Ltd. cRISIL - AAA 0.57State Bank of India cRISIL - AA+ 0.56Syndicate Bank cARE - AA- 0.55Power Finance corporation Ltd. cRISIL - AAA 0.20Sub Total 13.73Short Term deposits as margin for Futures & Options 10.39cash, cash Equivalents and Net current Assets 3.58grand Total 100.00• Top Ten Holdings, £ co-sponsor , @ Less than 0.01%

Outstanding exposure in derivative instruments (` in crore) (759.84)Hedged position in Equity & Equity related instrumentsOutstanding derivative exposure (% age) (41.76)

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


0.080.090.240.330.380.380.40.480.580.640.740.750.951.191.51.631.691.92.482.662.67

3.74.14.444.624.91

6.068.63

9.24

0 1 2 3 4 5 6 7 8 9 10Diversified Consumer Services

Healthcare ServicesAuto Ancillaries

Telecom - Equipment & AccessoriesPaper

PesticidesOil

Textile ProductsConsumer DurablesIndustrial ProductsTelecom - Services

Media And EntertainmentIndustrial Capital Goods

GasTransportation

Minerals/MiningConstruction

CementConstruction Project

PowerFerrous Metals

Petroleum ProductsAuto

Consumer Non DurablesSoftware

Non - Ferrous MetalsPharmaceuticals

FinanceBanks



This product is suitable for investors who are seeking ~l Periodic income with capital appreciation and prevention of

capital erosion over long term.l Investment predominantly in equity and equity related

instruments with balance exposure to debt and money market instruments.

Riskometer



Equity 74.72G-Sec / T-Bill 6.42cd / cP 0.42credit Exposure 16.06cash, cash Equivalents and Net current Assets 2.38

Portfolio classification by Asset class (%)



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








l #BEncHMARK inDEX: cRISIL Balanced Fund - Aggressive Indexl ##ADDl. BEncHMARK inDEX: NIFTY 50 Index

l EXiT loADl In respect of each purchase / switch-in of Units, upto 15% of

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








§ date of migration from Zurich India Mutual Fund (close of business hours - June 19, 03¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years).

HDFC Prudence Fund (An open-ended balanced scheme)

Face Value per Unit: ` 10 unless otherwise specified, + Industry classification as recommended by AMFI, cd - certificate of deposit; cP - commercial Papers, Data is as of July 31, 2017 unless otherwise specified. ....contd on next page

PORTFOLIO

Company Industry+ / Rating % to NAVEquiTY & EquiTY RElATED• State Bank of India Banks 8.24• IcIcI Bank Ltd. Banks 7.66• Infosys Ltd. Software 6.02• Larsen & Toubro Ltd. construction Project 5.90• Power Grid corporation of

India Ltd. Power 3.42• Tata Steel Ltd. Ferrous Metals 2.74• Aurobindo Pharma Ltd. Pharmaceuticals 2.06Vedanta Ltd. Non - Ferrous Metals 1.97NTPc Ltd. Power 1.49GAIL (India) Ltd. Gas 1.46canara Bank Banks 1.26Bank of Baroda Banks 1.22Adani Ports and Special Economic Zone Ltd. Transportation 1.21Punjab National Bank Banks 1.19HdFc Bank Ltd. Banks 1.19Power Finance corporation Ltd. Finance 1.14Tata consultancy Services Ltd. Software 1.14Tata Motors Ltd. Auto 1.11Avenue Supermarts Ltd. Retailing 1.07Federal Bank Ltd. Banks 0.87ABB India Ltd. Industrial capital Goods 0.76cipla Ltd. Pharmaceuticals 0.76BEML Ltd. Industrial capital Goods 0.74Solar Industries India Ltd. chemicals 0.74cESc Ltd. Power 0.72Prism cement Ltd. cement 0.70Teamlease Services Ltd. commercial Services 0.62Siemens Ltd. Industrial capital Goods 0.62APL Apollo Tubes Ltd. Ferrous Metals 0.61Apar Industries Limited Industrial capital Goods 0.60century Textiles & Industries Ltd. cement 0.57Savita Oil Technologies Ltd. Petroleum Products 0.55Time Technoplast Ltd. Industrial Products 0.54Sharda cropchem Ltd. Pesticides 0.51delta corp Ltd. Hotels, Resorts & Other

Recreational Activities 0.51NHPc Ltd. Power 0.51dish TV India Ltd. Media & Entertainment 0.51Raymond Ltd. Textile Products 0.50Network 18 Media & Investments Ltd Media & Entertainment 0.48UPL Ltd. Pesticides 0.48Balkrishna Industries Ltd. Auto Ancillaries 0.47HSIL LIMITEd consumer durables 0.45Union Bank of India Banks 0.43dilip Buildcon Ltd. construction 0.38Kotak Mahindra Bank Ltd. Banks 0.37Sagar cements Ltd. cement 0.34corporation Bank Banks 0.34MEP Infrastructuredevelopers Ltd. Transportation 0.33Oriental Bank of commerce Banks 0.32dynamatic Technologies Ltd. Auto Ancillaries 0.29crompton Greaves Ltd. Industrial capital Goods 0.27Tata chemicals Ltd. chemicals 0.27Gujarat Pipavav Port Ltd. Transportation 0.26Orient cement Ltd. cement 0.26Titagarh Wagons Ltd. Industrial capital Goods 0.26Wipro Ltd. Software 0.23Info Edge (India) Ltd. Software 0.22Rural Electrification corporation Ltd. Finance 0.22Astra Microwave Products Ltd. Telecom - Equipment &

Accessories 0.21chambal Fertilizers & chemicals Ltd Fertilisers 0.20S chand and company Ltd. Media & Entertainment 0.20Texmaco Rail & Engineering Ltd. Industrial capital Goods 0.19Tata Global Beverages Ltd. consumer Non durables 0.18GE Power India Ltd. Industrial capital Goods 0.18Hindustan construction company Ltd. construction Project 0.18Gujarat Industries Power co. Ltd. Power 0.17Larsen & Toubro Infotech Ltd. Software 0.17MPS Ltd. consumer Non durables 0.16Nava Bharat Ventures Ltd. Power 0.16cognizant Technology Solutions corp Software 0.15

Company Industry+ / Rating % to NAVSundram Fasteners Ltd. Auto Ancillaries 0.14Kalpataru Power Transmission Ltd. Power 0.14container corporation of India Ltd. Transportation 0.14JMc Projects (India) Ltd. construction 0.14Sanghvi Movers Ltd Industrial capital Goods 0.13Ramco Systems Ltd. Software 0.13HPL Electric and Power Ltd. consumer durables 0.12HBL Power Systems Ltd. consumer Non durables 0.11centum Electronics Ltd. Industrial capital Goods 0.10Yes Bank Ltd. Banks 0.10Kirloskar Pneumatic Ltd. Industrial Products 0.10ITd cementation India Ltd. construction 0.10Pokarna Ltd. construction 0.09Elecon Engineering co. Ltd. Industrial capital Goods 0.08PNc Infratech Ltd. construction 0.08J.Kumar Infraprojects Ltd. construction 0.08GNA Axles Ltd. Auto Ancillaries 0.07GTPL Hathway Ltd. Media & Entertainment 0.07Sarla Performance Fibers Ltd. Textiles - Synthetic 0.07Jaiprakash Power Ventures Ltd. Power 0.07Allahabad Bank Banks 0.05cL Educate Ltd. diversified consumer

Services 0.05Merck Ltd. Pharmaceuticals 0.03Navkar corporation Ltd. Transportation 0.03TV18 Broadcast Limited Media & Entertainment 0.02Everest Industries Ltd. cement 0.02KSK Energy Ventures Ltd. Power 0.02Jyoti Structures Limited Power 0.01Sub Total 74.39 PREFERENCE SHARESVedanta Ltd. Non - Ferrous Metals 0.18Sub Total 0.18Total 74.57DEBT & DEBT RElATEDgOVERNMENT SECURITIES8.13 GOI 2045 Sovereign 1.538.17 GOI 2044 Sovereign 0.998.24 GOI 2033 Sovereign 0.727.73 GOI 2034 Sovereign 0.548.24 GOI 2027 Sovereign 0.507.59 GOI 2026 Sovereign 0.478.33 GOI 2036 Sovereign 0.387.59 GOI 2029 Sovereign 0.368.60 GOI 2028 Sovereign 0.337.88 GOI 2030 Sovereign 0.226.59 GOI 2026 Sovereign 0.178.83 GOI 2041 Sovereign 0.107.95 GOI 2032 Sovereign 0.078.32 GOI 2032 Sovereign 0.04Sub Total 6.42MONEY MARKET INSTRUMENTScD/cP IcIcI Bank Ltd. cARE - A1+ 0.42Sub Total 0.42cREDiT EXPoSuRE • State Bank of India cRISIL - AA+, AAA 5.21• HdFc Bank Ltd. cRISIL - AA+, AAA 3.83• Punjab National Bank cRISIL - AA 2.23canara Bank cRISIL - AA 1.27Union Bank of India FITcH - AA 1.03Axis Bank Ltd. cRISIL - AA+ 0.87IdBI Bank Ltd. cRISIL-BBB+ / IcRA-BBB- 0.70Syndicate Bank cARE - AA- 0.45Bank of India cRISIL - A+ 0.27Oriental Bank of commerce IcRA - A 0.07Andhra Bank cARE - AA- 0.07Vedanta Ltd. cRISIL - AA 0.03IcIcI Bank Ltd. cRISIL - AAA 0.03Sub Total 16.06FoREign SEcuRiTiES AnD / oR oVERSEAS ETF(S)cognizant Technology Solutions corp Software 0.15Sub Total 0.15Short Term deposits as margin for Futures & Options 0.36cash margin / Earmarked cash for Futures & Options 0.03cash, cash Equivalents and Net current Assets 1.99grand Total 100.00• Top Ten Holdings


HDFC Prudence Fund (An open-ended balanced scheme) Contd...


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 2,820.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) $$ 55,073.43 9,138.55 2,904.88 967.09 461.49 136.36 Returns (Annualised) (%) $$ 20.96 19.49 16.85 19.18 16.83 26.35Benchmark Returns (Annualised) (%) # N.A. 11.73 10.63 12.43 12.02 20.35Addl. Benchmark Ret. (Annualised) (%) ## 12.29 13.57 11.01 13.26 12.60 26.58



Returns (%) $$

Benchmark Returns

(%)#


Returns (%) ##

Value of ` 10,000 investedScheme (`)

$$Benchmark

(`)#Additional

Benchmark (`)##

Jul 29, 16 Last 1 Year 22.91 14.36 16.56 12,304 11,445 11,665Jul 31, 14 Last 3 Years 14.29 10.11 9.27 14,935 13,355 13,051Jul 31, 12 Last 5 Years 18.49 12.71 14.01 23,365 18,193 19,272Feb 01, 94 Since Inception 19.37 N.A. 9.36 642,545 N.A. 81,932

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. $$ All dividends declared prior to the splitting of the Scheme into dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). N.A.: Not Available. For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.0.05

0.070.200.210.450.500.510.550.570.620.640.870.970.991.011.071.111.281.361.461.891.972.152.853.353.93

6.086.718.06

23.24

0 5 10 15 20 25Diversified Consumer Services

Textiles - SyntheticFertilisers

Telecom - Equipment & AccessoriesConsumer Non Durables

Textile ProductsHotels, Resorts & Other Recreational Activities

Petroleum ProductsConsumer Durables

Commercial ServicesIndustrial Products

ConstructionAuto Ancillaries

PesticidesChemicalsRetailing

AutoMedia & Entertainment

FinanceGas



Ferrous MetalsIndustrial Capital Goods

Construction ProjectPower

SoftwareBanks



l INVESTMENT OBjECTIVETo generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.l FunD MAnAgER ¥

Krishan Kumar Daga (since September 10, 15) Total Experience: Over 21 yearsl incEPTion DATE (Date of Allotment)October 23, 2007 NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)

Retail PlanRegular Plan - Growth Option 19.659Regular Plan - dividend Option 14.599Regular Plan - Quarterly dividend Option 13.972direct Plan - Growth Option 20.061Direct Plan - Quarterly dividend Option 15.201Wholesale PlanRegular Plan - Growth Option 20.046Regular Plan - dividend Option 10.505Regular Plan - Monthly dividend Option 10.886direct Plan - Growth Option 12.655direct Plan - dividend Option 10.756Direct Plan - Monthly dividend Option 10.503 ASSETS unDER MAnAgEMEnT (`) IN CRORE

As on July 31, 2017 4,645.90Average for Month of July, 2017 4,235.62l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 281.02% TOTAL ExPENSE RATIO (Weighted Average for the month)

Excluding Goods and Service Tax on Management FeesRegular: 0.75% Direct: 0.25%

l #BEncHMARK inDEX: cRISIL Liquid Fund Indexl ##ADDl. BEncHMARK inDEX: NIFTY 50 Indexl EXiT loADl In respect of each purchase / switch-in of Units, an Exit

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

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

For further details, please refer to para ‘Exit Load’ on Pg 51.l PLANS & OPTIONS(Wholesale Plan) - Regular Plan, (Wholesale Plan) - Direct Plan.Under Each Plan : Growth & dividend. dividend Option offers Monthly dividend Option and Normal dividend Option with Payout and Reinvestment facility.l MINIMUM APPLICATION AMOUNTPurchase/Additional Purchase: ̀ 1 lakh and any amount thereafter.l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

HDFC Arbitrage Fund (An open-ended equity scheme)

PORTFOLIO Company Industry+ / Rating % to NAVEquiTY & EquiTY RElATED (quantity fully hedged using Futures/options)• Infosys Ltd. Software 5.42• dr. Reddy's Laboratories Ltd. Pharmaceuticals 3.75• Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 3.46• Tata Steel Ltd. Ferrous Metals 3.24• Aurobindo Pharma Ltd. Pharmaceuticals 2.59• Maruti Suzuki India Ltd. Auto 2.40• Zee Entertainment

Enterprises Ltd. Media & Entertainment 2.22• ITc Ltd. consumer Non durables 2.09Vedanta Ltd. Non - Ferrous Metals 1.74Mahindra & Mahindra Ltd. Auto 1.68IcIcI Bank Ltd. Banks 1.55Reliance capital Ltd. Finance 1.42Bharat Heavy Electricals Ltd. Industrial capital Goods 1.21Housing development Finance corporation Ltd.£ Finance 1.16divi's Laboratories Ltd. Pharmaceuticals 1.01Hindalco Industries Ltd. Non - Ferrous Metals 0.83Tata Motors Ltd. dVR Auto 0.83Oil & Natural Gas corporation Ltd. Oil 0.82Power Finance corporation Ltd. Finance 0.82Tata chemicals Ltd. chemicals 0.79JSW Steel Ltd. Ferrous Metals 0.77IdFc Ltd. Finance 0.76Ambuja cements Ltd. cement 0.75Shriram Transport Finance co. Ltd. Finance 0.70Axis Bank Ltd. Banks 0.68Fortis Healthcare Limited Healthcare Services 0.67Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.66century Textiles & Industries Ltd. cement 0.66Indiabulls Real Estate Ltd. construction 0.66Tata Power co. Ltd. Power 0.60Reliance Infrastructure Ltd. Power 0.60Adani Ports and Special Economic Zone Ltd. Transportation 0.60Hindustan Zinc Ltd. Non - Ferrous Metals 0.58Yes Bank Ltd. Banks 0.57State Bank of India Banks 0.54Lupin Ltd. Pharmaceuticals 0.51Bharti Infratel Ltd. Telecom - Equipment &

Accessories 0.48Manappuram Finance Ltd. Finance 0.48Tech Mahindra Ltd. Software 0.46Bajaj Finance Ltd. Finance 0.45Bosch Ltd. Auto Ancillaries 0.42

Company Industry+ / Rating % to NAVIndiabulls Housing Finance Ltd. Finance 0.40Idea cellular Ltd Telecom - Services 0.37Britannia Industries Ltd. consumer Non durables 0.37TV18 Broadcast Limited Media & Entertainment 0.36Jet Airways (India) Ltd. Transportation 0.36NTPc Ltd. Power 0.36EScORTS LTd Auto 0.35Sun TV Network Ltd. Media & Entertainment 0.35Bharat Forge Ltd. Industrial Products 0.35Bharat Electronics Ltd. Industrial capital Goods 0.33Siemens Ltd. Industrial capital Goods 0.31Apollo Tyres Ltd. Auto Ancillaries 0.31Bajaj Auto Ltd. Auto 0.30Grasim Industries Ltd. cement 0.30Petronet LNG Ltd. Gas 0.30IRB Infrastructure developers Ltd construction 0.29Ujjivan Financial Services Ltd. Finance 0.29IdFc Bank Ltd. Banks 0.29Hindustan Petroleum corporation Ltd. Petroleum Products 0.28LIc Housing Finance Ltd. Finance 0.27Ashok Leyland Ltd Auto 0.27Tata Elxsi Ltd. Software 0.26Multi commodity Exchange of India Ltd. Finance 0.24dewan Housing Finance corp. Ltd. Finance 0.23UltraTech cement Ltd. cement 0.23United Spirits Ltd. consumer Non durables 0.23Jindal Steel & Power Ltd. Ferrous Metals 0.22Arvind Ltd. Textile Products 0.22India cements Ltd. cement 0.22NMdc Limited Minerals/Mining 0.21IcIcI Prudential Life Insurance company Ltd. Finance 0.20MRF Ltd. Auto Ancillaries 0.20Federal Bank Ltd. Banks 0.19Tata communications Ltd. Telecom - Services 0.19Rural Electrification corporation Ltd. Finance 0.19Bata India Ltd. consumer durables 0.18dLF Ltd. construction 0.18Tata Global Beverages Ltd. consumer Non durables 0.18Mangalore Refinery and Petrochemicals Ltd. Petroleum Products 0.17Kotak Mahindra Bank Ltd. Banks 0.15canFin Homes Ltd Finance 0.16Power Grid corporation of India Ltd. Power 0.13UPL Ltd. Pesticides 0.13

Face Value per Unit: ` 10 unless otherwise specified, + Industry classification as recommended by AMFI, data is as of July 31, 2017 unless otherwise specified. ....contd on next page


This product is suitable for investors who are seeking ~l Income over short term.l Income through arbitrage opportunities between cash and

derivative market and arbitrage opportunities within the derivative segment.

Riskometer

Investors understand that their principal will be at moderately low risk


HDFC Arbitrage Fund (An open-ended equity scheme) Contd...

0.020.050.110.130.290.300.310.480.480.490.630.680.760.790.860.971.041.431.821.902.242.933.123.19

3.994.31

5.926.40

8.1512.23

0 2 4 6 8 10 12 14

TradingFertilisers

Construction ProjectPesticides

Textile ProductsConsumer Durables

Minerals/MiningTelecom - Equipment & Accessories

GasIndustrial ProductsTelecom - Services

Petroleum ProductsHealthcare Services

ChemicalsOil

TransportationAuto Ancillaries

ConstructionPower

Industrial Capital GoodsCement

Media And EntertainmentConsumer Non Durables

Non - Ferrous MetalsBanks

Ferrous MetalsAuto

SoftwareFinance

Pharmaceuticals


PERFORMANCE^ - Wholesale Plan - Regular Plan - Growth OptionDate Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance is not strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. For performance of other schemes managed by Krishan Kumar daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.

PORTFOLIO Company Industry+ / Rating % to NAVHousing Dev And Infrastructure Ltd construction 0.12castrol India Ltd. Petroleum Products 0.12capital First Ltd. Finance 0.11NBcc (INdIA) Ltd. construction 0.11coal India Ltd. Minerals/Mining 0.10Indraprastha Gas Ltd. Gas 0.10Reliance Industries Ltd. Petroleum Products 0.10Strides Shasun Limited Pharmaceuticals 0.10Jain Irrigation Systems Ltd. Industrial Products 0.09Eicher Motors Ltd. Auto 0.09Ajanta Pharma Ltd. Pharmaceuticals 0.09Bajaj Finserv Limited Finance 0.09Apollo Hospitals Enterprise Ltd. Healthcare Services 0.09Oracle Financial Services Software Ltd. Software 0.08Havells India Ltd. consumer durables 0.08Steel Authority of India Ltd. Ferrous Metals 0.08Mahindra & Mahindra Financial Services Ltd. Finance 0.07GAIL (India) Ltd. Gas 0.07Kajaria ceramics Ltd. construction 0.07JSW Energy Ltd. Power 0.07Reliance communications Ltd. Telecom - Services 0.07United Breweries Ltd. consumer Non durables 0.06Acc Ltd. cement 0.06Exide Industries Ltd. Auto Ancillaries 0.06Infibeam Incorporation Ltd. Software 0.06Larsen & Toubro Ltd. construction Project 0.06Muthoot Finance Ltd Finance 0.06Godrej Industries Ltd. consumer Non durables 0.06Gujarat State Fertilizers & chemicals Ltd. Fertilisers 0.05MindTree Limited Software 0.05cummins India Ltd. Industrial Products 0.05Raymond Ltd. Textile Products 0.05Ncc Ltd. construction Project 0.04Oil India Ltd. Oil 0.04Wockhardt Ltd. Pharmaceuticals 0.04V-Guard Industries Ltd. Industrial capital Goods 0.04Nestle India Ltd. consumer Non durables 0.04National Aluminiumcompany Ltd. Non Ferrous Metal 0.04Pc Jeweller Ltd. consumer durables 0.03Berger Paints (I) Ltd. consumer Non durables 0.03Kaveri Seed company Ltd. consumer Non durables 0.03Tata consultancy Services Ltd. Software 0.03Motherson Sumi Systems Ltd. Auto Ancillaries 0.03Max Financial Services Limited Finance 0.02Torrent Power Ltd. Power 0.02The Ramco cements Ltd. cement 0.02Karnataka Bank Ltd. Banks 0.02Adani Enterprises Limtied Trading 0.02SRF Ltd. Textile Product 0.02Amara Raja Batteries Ltd. Auto Ancillaries 0.02KPIT Technologies Ltd. Software 0.02Just dial Ltd. Software 0.02Granules India Ltd. Pharmaceuticals 0.02

Company Industry+ / Rating % to NAVNHPc Ltd. Power 0.02Repco Home Finance Ltd Finance 0.02colgate Palmolive (India) Ltd. consumer Non durables 0.01chennai Petroleum corp Ltd. Petroleum Products 0.01Reliance Defence and Engineering Ltd. Industrial capital Goods 0.01Marico Ltd. consumer Non durables 0.01Godfrey Phillips India Ltd. consumer Non durables 0.01Bharat Financial Inclusion Ltd. Finance 0.01Engineers India Limited construction Project 0.01Adani Power Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) Power 0.01Reliance Power Ltd. Power 0.01container corporation of India Ltd. Transportation 0.01Titan company Ltd. consumer durables 0.01Mahanagar Gas Ltd. Gas 0.01Indo count Industries Ltd. Textiles - cotton @Suzlon Energy Ltd. Industrial capital Goods @Sub Total 66.02DEBT & DEBT RElATEDMONEY MARKET INSTRUMENTScD/cP Aditya Birla Finance Ltd. IcRA - A1+ 1.17Small Industries Development Bank of India cARE - A1+ 1.07AU Small Finance Bank Ltd. FITcH - A1+ 1.07L&T Finance Limited cARE - A1+ 1.06Tata Housing Development company Ltd cARE - A1+ 0.22Sundaram Finance Ltd. cRISIL - A1+ 0.21JM Financial Products Ltd. IcRA - A1+ 0.21canFin Homes Ltd IcRA - A1+ 0.11Reliance Industries Ltd. IcRA - A1+ 0.11Kotak Mahindra Prime Ltd. cRISIL - A1+ 0.11Kotak Mahindra Investments Ltd. cRISIL - A1+ 0.11Sub Total 5.45cREDiT EXPoSuRE • Tata capital Financial

Services Ltd. IcRA - AA+ 3.24• Vedanta Ltd. cRISIL - AA 2.23L&T Finance Limited cARE - AA+ 1.83TATA capital Housing Finance Ltd. cRISIL - AA+ 1.09Shriram Transport Finance co. Ltd. cRISIL - AA+ 1.08Syndicate Bank cARE - AA- 0.54BMW India FinancialServices Pvt. Ltd. cRISIL - AAA 0.32HdB Financial Services Ltd. cRISIL - AAA 0.01Sub Total 10.34Short Term deposits as margin for Futures & Options 13.14cash margin / Earmarked cash for Futures & Options 0.50cash, cash Equivalents and Net current Assets 4.55

grand Total 100.00

• Top Ten Holdings, £ co-sponsor, @ less than 0.01%Outstanding exposure in derivative instruments (` in crore) (3,075.67)

Hedged position in Equity & Equity related instrumentsOutstanding derivative exposure (% age) (66.20)

Face Value per Unit: ̀ 10 unless otherwise specified, + Industry classification as recommended by AMFI, cd - certificate of deposit; cP - commercial Papers, Data is as of July 31, 2017 unless otherwise specified.



l INVESTMENT OBjECTIVEThe objective of this Plan is to generate returns that are commensurate with the performance of the SENSEx, subject to tracking errors.

l FunD MAnAgERKrishan Kumar Daga (since October 19, 15) Total Experience: Over 21 years

l incEPTion DATE (Date of Allotment)July 17, 2002

NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 284.7537Direct Plan - Growth Option 287.4745



l TRACKINg ERRORAnnualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.10%


l #BEncHMARK inDEX: S&P BSE SENSEx (Total Returns Index)



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

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


l PLANS & OPTIONSRegular Plan, direct Plan. Each Plan offers Growth Option only.



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


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 16.88 17.34 16.56 11,698 11,744 11,665Jul 31, 14 Last 3 Years 9.03 9.39 9.27 12,966 13,092 13,051Jul 31, 12 Last 5 Years 14.57 15.22 14.01 19,746 20,313 19,272Jul 17, 02 Since Inception 15.59 18.57 16.34 88,540 129,839 97,594

Returns greater than 1 year period are compounded annualized (cAGR). Since inception returns are calculated on ` 32.1610 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.

Face Value per Unit: ` 32.1610, + Industry classification as recommended by AMFI, data is as of July 31, 2017 unless otherwise specified.


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

l Investment in equity securities covered by the SENSEx.

Riskometer






• Housing development Finance corporation Ltd.£ Finance 9.13


• ITc Ltd. consumer Non durables 7.80




• Tata consultancy Services Ltd. Software 4.27

• Kotak Mahindra Bank Ltd. Banks 3.56


Maruti Suzuki India Ltd. Auto 3.30


Tata Motors Ltd. Auto 2.77

Hindustan Unilever Ltd. consumer Non durables 2.65


Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.85

Bharti Airtel Ltd. Telecom - Services 1.77

Asian Paints Limited consumer Non durables 1.68


Hero Motocorp Ltd. Auto 1.50

Oil & Natural Gascorporation Ltd. Oil 1.47


Bajaj Auto Ltd. Auto 1.23

Tata Steel Ltd. Ferrous Metals 1.22


Wipro Ltd. Software 1.18


coal India Ltd. Minerals/Mining 1.00

dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.94


Lupin Ltd. Pharmaceuticals 0.79


Total 99.44


grand Total 100.00


PORTFOLIO

1.00

1.14

1.22

1.47

1.77

2.89

4.49

4.62

8.61

9.13

11.32

11.95

12.13

27.70

0 5 10 15 20 25 30

Minerals/Mining

Transportation

Ferrous Metals

Oil

Telecom - Services

Power

Pharmaceuticals


Petroleum Products

Finance

Auto

Software


Banks




l INVESTMENT OBjECTIVEThe objective of this Plan is to generate returns that are commensurate with the performance of the NIFTY, subject to tracking errors.








l #BEncHMARK inDEX: NIFTY 50 Index (Total Returns Index)



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

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





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


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





Returns greater than 1 year period are compounded annualized (cAGR). Since inception returns are calculated on ` 10.3260 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.



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

l Investment in equity securities covered by the NIFTY.

Riskometer




EquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 9.50• Housing development

Finance corporation Ltd.£ Finance 7.47• Reliance Industries Ltd. Petroleum Products 7.04• ITc Ltd. consumer Non durables 6.37• Infosys Ltd. Software 5.31• IcIcI Bank Ltd. Banks 5.09• Larsen & Toubro Ltd. construction Project 3.86• Tata consultancy Services Ltd. Software 3.48• Kotak Mahindra Bank Ltd. Banks 3.26• State Bank of India Banks 3.05Maruti Suzuki India Ltd. Auto 2.71Axis Bank Ltd. Banks 2.32Tata Motors Ltd. Auto 2.19Indusind Bank Ltd. Banks 2.17Hindustan Unilever Ltd. consumer Non durables 2.17Yes Bank Ltd. Banks 1.74Mahindra & Mahindra Ltd. Auto 1.72Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.54Bharti Airtel Ltd. Telecom - Services 1.45Asian Paints Limited consumer Non durables 1.38Vedanta Ltd. Non - Ferrous Metals 1.37HcL Technologies Ltd. Software 1.34Power Grid corporation of India Ltd. Power 1.29Oil & Natural Gas corporation Ltd. Oil 1.26Hero Motocorp Ltd. Auto 1.25UltraTech cement Ltd. cement 1.11NTPc Ltd. Power 1.07Eicher Motors Ltd. Auto 1.05Bajaj Auto Ltd. Auto 1.00Tata Steel Ltd. Ferrous Metals 1.00Indiabulls Housing Finance Ltd. Finance 1.00Indian Oil corporation Ltd. Petroleum Products 0.98Bharat Petroleum corporation Ltd. Petroleum Products 0.97Wipro Ltd. Software 0.96coal India Ltd. Minerals/Mining 0.85Hindalco Industries Ltd. Non - Ferrous Metals 0.84Adani Ports and Special Economic Zone Ltd. Transportation 0.84Zee Entertainment Enterprises Ltd. Media & Entertainment 0.78dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.76


cipla Ltd. Pharmaceuticals 0.75Bharti Infratel Ltd. Telecom - Equipment &

Accessories 0.74Lupin Ltd. Pharmaceuticals 0.65GAIL (India) Ltd. Gas 0.64Tech Mahindra Ltd. Software 0.63Bosch Ltd. Auto Ancillaries 0.58Aurobindo Pharma Ltd. Pharmaceuticals 0.53Ambuja cements Ltd. cement 0.51Bank of Baroda Banks 0.41Tata Power co. Ltd. Power 0.39Acc Ltd. cement 0.38Tata Motors Ltd. dVR Auto 0.35Total 100.10

cash, cash Equivalents and Net current Assets -0.10

grand Total 100.00


PORTFOLIO

0.580.640.740.780.840.851.001.261.452.002.212.753.864.23

8.478.999.9210.2711.72

27.54

0 5 10 15 20 25 30Auto Ancillaries

GasTelecom - Equipment & Accessories

Media And EntertainmentTransportation

Minerals/MiningFerrous Metals


CementNon - Ferrous Metals

PowerConstruction Project


Petroleum ProductsConsumer Non Durables

AutoSoftware

Banks




l INVESTMENT OBjECTIVEThe objective of this Plan is to invest 80% to 90% of the net assets of the Plan in companies whose securities are included in SENSEx and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEx.







l #BEncHMARK inDEX: S&P BSE SENSEx (Total Returns Index)



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

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





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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





Returns greater than 1 year period are compounded annualized (cAGR). Since inception returns are calculated on ̀ 32.1610. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year






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

Riskometer





• HdFc Bank Ltd. Banks 9.96• Housing development

Finance corporation Ltd.£ Finance 7.82• Reliance Industries Ltd. Petroleum Products 7.37• ITc Ltd. consumer Non durables 6.68• Infosys Ltd. Software 5.56• IcIcI Bank Ltd. Banks 5.33• Larsen & Toubro Ltd. construction Project 3.95• Tata consultancy Services Ltd. Software 3.65• Kotak Mahindra Bank Ltd. Banks 3.05• State Bank of India Banks 2.97Solar Industries India Ltd.l chemicals 2.84Maruti Suzuki India Ltd. Auto 2.82Axis Bank Ltd. Banks 2.40Tata Motors Ltd. Auto 2.37Hindustan Unilever Ltd. consumer Non durables 2.27Birla corporation Ltd.l cement 2.25Bharat Petroleumcorporation Ltd.l Petroleum Products 2.24Grasim Industries Ltd.l cement 2.12Mahindra & Mahindra Ltd. Auto 1.80Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.58Bharti Airtel Ltd. Telecom - Services 1.52Bayer cropscience Ltd.l Pesticides 1.49canara Bankl Banks 1.46Asian Paints Limited consumer Non durables 1.44Power Grid corporation of India Ltd. Power 1.35Hero Motocorp Ltd. Auto 1.29Oil & Natural Gascorporation Ltd. Oil 1.26NTPc Ltd. Power 1.12Bajaj Auto Ltd. Auto 1.05Tata Steel Ltd. Ferrous Metals 1.05Kirloskar Pneumatic Ltd.l Industrial Products 1.01


Wipro Ltd. Software 1.01Adani Ports and Special Economic Zone Ltd. Transportation 0.97coal India Ltd. Minerals/Mining 0.85dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.81cipla Ltd. Pharmaceuticals 0.78Allahabad Bankl Banks 0.71Lupin Ltd. Pharmaceuticals 0.68Aditya Birla capital ltd. Finance 0.41Tata Motors Ltd. dVR Auto 0.36

Total 99.65


grand Total 100.00

• Top Ten Holdings, £ co-sponsor, lNon SENSEx Scrips

PORTFOLIO

0.85

0.97

1.01

1.05

1.26

1.49

1.52

2.47

2.84

3.85

3.95

4.37

8.23

9.61

9.69

10.22

10.39

25.88

0 5 10 15 20 25 30Minerals/Mining

Transportation

Industrial Products

Ferrous Metals

Oil

Pesticides

Telecom - Services

Power

Chemicals

Pharmaceuticals


Cement

Finance

Petroleum Products

Auto

Software


Banks




l INVESTMENT OBjECTIVETo provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the S&P BSE SENSEx Index subject to tracking errors.

l FunD MAnAgERKrishan Kumar Daga (since december 09, 15) Total Experience: Over 21 years

l incEPTion DATE (Date of Allotment)december 09, 2015

NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Growth Option 3,335.38




TOTAL ExPENSE RATIO (Weighted Average for the month)Excluding Goods and Service Tax on Management FeesHdFc SENSEx ETF 0.05%

l #BEncHMARK inDEX: S&P BSE SENSEx Index (Total Returns Index)l ##ADDl. BEncHMARK inDEX: NIFTY 50 Index

l EXiT loADFor creation unit Size:l No Exit load will be levied on redemptions made by

Authorised Participants / Large Investors directly with the Fund in creation Unit Size.

For other than creation unit Size:l N.A. The Units of HSETF in other than creation Unit Size cannot

be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on

the NSE and BSE during the trading hours on all trading days. Refer SID for further details.For further details, please refer to para ‘Exit Load’ on Pg 51.

l PLANS & OPTIONSHdFc SENSEx ETF. Presently the Scheme does not offer any Plans / Options for investment

l MINIMUM APPLICATION AMOUNT (under each Plan / option)Authorised Participants / large investors: Application for subscription of HSxETF Units in creation Unit Size can be made either: (i) in exchange of the Portfolio Deposit; or (ii) by depositing basket of securities comprising S&P BSE

SENSEx IndexEach creation Unit Size will consist of 1,000 Units of HSxETF and 1 Unit of HSxETF will be approximately equal to 1/10th of the value of S&P BSE SENSEx Index. other investors (including Authorised Participants and large investors): Units of HSxETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units will be listed.

HDFC SENSEX ETF (An open-ended Exchange Traded Fund)

Face Value per Unit: ` 2,503.61, + Industry classification as recommended by AMFI, data is as of July 31, 2017 unless otherwise specified.

PERFORMANCE*^Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##

Jul 29, 16 Last 1 Year 17.33 17.34 16.56 11,744 11,744 11,665

dec 09, 15 Since Inception 19.07 19.01 18.60 13,322 13,313 13,238

Returns are compounded annualized (cAGR). * The Scheme does not offer any Plans/Options. The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar daga, please refer page 51.

This product is suitable for investors who are seeking ~l Returns that are commensurate with the performance of the

S&P BSE SENSEx, subject to tracking errors over long term.l Investment in equity securities covered by the S&P BSE

SENSEx.Riskometer








• ITc Ltd. consumer Non durables 7.80




• Tata consultancy Services Ltd. Software 4.27

• Kotak Mahindra Bank Ltd. Banks 3.56




Tata Motors Ltd. Auto 2.76

Hindustan Unilever Ltd. consumer Non durables 2.65


Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.85


Asian Paints Limited consumer Non Durables 1.68


Hero Motocorp Ltd. Auto 1.50

Oil & Natural Gas corporation Ltd. Oil 1.47


Bajaj Auto Ltd. Auto 1.23



Wipro Ltd. Software 1.18


coal India Ltd. Minerals/Mining 0.99

dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.94


Lupin Ltd. Pharmaceuticals 0.79


Total 99.35


grand Total 100.00


PORTFOLIO

0.99

1.13

1.22

1.47

1.77

2.88

4.49

4.61

8.60

9.13

11.30

11.95

12.13

27.68

0 5 10 15 20 25 30

Minerals/Mining

Transportation

Ferrous Metals

Oil

Telecom - Services

Power

Pharmaceuticals


Petroleum Products

Finance

Auto

Software


Banks




l INVESTMENT OBjECTIVETo provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the NIFTY 50 Index subject to tracking errors.

l FunD MAnAgERKrishan Kumar Daga (since december 09, 15) Total Experience: Over 21 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Growth Option 1,027.35




TOTAL ExPENSE RATIO (Weighted Average for the month)Excluding Goods and Service Tax on Management FeesHdFc NIFTY ETF 0.05%

l #BEncHMARK inDEX: NIFTY 50 Index (Total Returns Index)l ##ADDl. BEncHMARK inDEX: S&P BSE SENSEx Index

l EXiT loADFor creation unit Size:l No Exit load will be levied on redemptions made by

Authorised Participants / Large Investors directly with the Fund in creation Unit Size.

For other than creation unit Size:l N.A. The Units of HNETF in other than creation Unit Size cannot

be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on

the NSE and BSE during the trading hours on all trading days. Refer SID for further details.For further details, please refer to para ‘Exit Load’ on Pg 51.

l PLANS & OPTIONSHdFc NIFTY ETF. Presently the Scheme does not offer any Plans / Options for investmentl MINIMUM APPLICATION AMOUNT (under each Plan / option)Authorised Participants / large investors: Application for subscription of HNETF Units in creation Unit Size can be made either: (i) in exchange of the Portfolio Deposit; or (ii) by depositing basket of securities comprising NIFTY 50 Index Each creation Unit Size will consist of 4,000 Units of HNETF and 1 Unit of HNETF will be approximately equal to 1/10th of the value of NIFTY 50 Index. other investors (including Authorised Participants and large investors): Units of HNETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units will be listed.


HDFC NIFTY ETF (An open-ended Exchange Traded Fund)

PERFORMANCE*^Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##

Jul 29, 16 Last 1 Year 17.86 18.05 15.82 11,797 11,816 11,591

dec 09, 15 Since Inception 20.01 20.28 17.23 13,496 13,546 12,987

Returns are compounded annualized (cAGR). * The Scheme does not offer any Plans/Options. The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar daga, please refer page 51.


l Returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term.

l Investment in equity securities covered by the NIFTY 50.

Riskometer




EquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 9.45• Housing development

Finance corporation Ltd.£ Finance 7.43• Reliance Industries Ltd. Petroleum Products 7.00• ITc Ltd. consumer Non durables 6.34• Infosys Ltd. Software 5.28• IcIcI Bank Ltd. Banks 5.07• Larsen & Toubro Ltd. construction Project 3.85• Tata consultancy Services Ltd. Software 3.47• Kotak Mahindra Bank Ltd. Banks 3.25• State Bank of India Banks 3.03Maruti Suzuki India Ltd. Auto 2.69Axis Bank Ltd. Banks 2.31Tata Motors Ltd. Auto 2.18Indusind Bank Ltd. Banks 2.16Hindustan Unilever Ltd. consumer Non durables 2.16Yes Bank Ltd. Banks 1.73Mahindra & Mahindra Ltd. Auto 1.71Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.53Bharti Airtel Ltd. Telecom - Services 1.44Asian Paints Limited consumer Non durables 1.37Vedanta Ltd. Non - Ferrous Metals 1.36HcL Technologies Ltd. Software 1.33Power Grid corporation of India Ltd. Power 1.28Oil & Natural Gas corporation Ltd. Oil 1.25Hero Motocorp Ltd. Auto 1.24UltraTech cement Ltd. cement 1.11NTPc Ltd. Power 1.06Eicher Motors Ltd. Auto 1.05Bajaj Auto Ltd. Auto 1.00Tata Steel Ltd. Ferrous Metals 0.99Indiabulls Housing Finance Ltd. Finance 0.99Indian Oil corporation Ltd. Petroleum Products 0.98Bharat Petroleum corporation Ltd. Petroleum Products 0.96Wipro Ltd. Software 0.95coal India Ltd. Minerals/Mining 0.85Hindalco Industries Ltd. Non - Ferrous Metals 0.84Adani Ports and Special Economic Zone Ltd. Transportation 0.84Zee Entertainment Enterprises Ltd. Media & Entertainment 0.78dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.75cipla Ltd. Pharmaceuticals 0.74


Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.74

Lupin Ltd. Pharmaceuticals 0.65GAIL (India) Ltd. Gas 0.63Tech Mahindra Ltd. Software 0.63Bosch Ltd. Auto Ancillaries 0.58Aurobindo Pharma Ltd. Pharmaceuticals 0.53Ambuja cements Ltd. cement 0.51Bank of Baroda Banks 0.41Tata Power co. Ltd. Power 0.39Acc Ltd. cement 0.38Tata Motors Ltd. dVR Auto 0.35Total 99.60


grand Total 100.00


PORTFOLIO

0.580.630.740.780.840.850.991.251.442.002.202.733.854.20

8.428.949.8710.2211.66

27.41

0 5 10 15 20 25 30Auto Ancillaries

GasTelecom - Equipment & Accessories

Media And EntertainmentTransportation

Minerals/MiningFerrous Metals


CementNon - Ferrous Metals

PowerConstruction Project


Petroleum ProductsConsumer Non Durables

AutoSoftware

Banks




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

l FunD MAnAgER ¥

chirag Setalvad (since April 2, 07) Total Experience: Over 17 years

l incEPTion DATE (Date of Allotment)January 2, 2001




Risk Ration Standard deviation 3.948%n Beta 0.951n Sharpe Ratio* 0.182

computed for the 3-yr period ended July 31, 2017.Based on month-end NAV.* Risk free rate: 6.25% (Source: FIMMdA MIBOR)


l #BEncHMARK inDEX: S&P BSE SENSEx


l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan : Growth & dividend. The dividend Option offers dividend Payout facility.

l MINIMUM APPLICATION AMOUNTPurchase : ` 500 and in multiples of ` 500 thereafter.Additional Purchase : ̀ 500 and in multiples of ̀ 500 thereafter.


l locK-in PERioD3 years from the date of allotment of the respective Units

¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 26.71 15.82 16.56 12,687 11,591 11,665Jul 31, 14 Last 3 Years 14.91 7.88 9.27 15,180 12,556 13,051Jul 31, 12 Last 5 Years 20.23 13.53 14.01 25,137 18,864 19,272Jan 02, 01 Since Inception 23.42 13.43 13.29 327,919 80,905 79,235

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.





Riskometer












• Vesuvius India Ltd. Industrial Products 3.91


• Balkrishna Industries Ltd. Auto Ancillaries 3.62

Elgi Equipments Ltd. Industrial Products 3.24

Tata consultancy Services Ltd. Software 3.19


ITc Ltd. consumer Non durables 3.09

Blue Star Ltd. consumer durables 2.99

AIA Engineering Ltd. Industrial Products 2.85

carborundum Universal Ltd. Industrial Products 2.73


Oriental carbon &chemicals Ltd. chemicals 2.25


REdINGTON (INdIA) LIMITEd Transportation 1.95

Motherson Sumi Systems Ltd. Auto Ancillaries 1.92


Tube Investments of India Ltd. Auto Ancillaries 1.49

V.S.T Tillers Tractors Ltd. Auto 1.46

Apar Industries Limited Industrial capital Goods 1.44



IPcA Laboratories Ltd. Pharmaceuticals 1.02


Hexaware Technologies Ltd. Software 0.86

Voltas Ltd. construction Project 0.60

Whirlpool of India Ltd. consumer durables 0.46

eclerx Services Ltd. Software 0.44

Allahabad Bank Banks 0.43

crompton Greavesconsumer Elec. Ltd consumer durables 0.41

Bharat Heavy Electricals Ltd. Industrial capital Goods 0.38

LG Balakrishnan & Bros Ltd. Auto Ancillaries 0.20

crompton Greaves Ltd. Industrial capital Goods 0.16

Total 96.55


grand Total 100.00


PORTFOLIO

1.02

1.10

1.12

1.95

1.98

2.20

2.25

3.09

3.86

4.69

5.35

7.15

7.23

9.53

10.80

12.73

20.50

0 5 10 15 20 25

Pharmaceuticals

Telecom - Services

Ferrous Metals

Transportation


Power

Chemicals


Consumer Durables

Finance


Auto

Auto Ancillaries

Software

Petroleum Products

Industrial Products

Banks




l INVESTMENT OBjECTIVETo achieve long term growth of capital.

l FunD MAnAgER ¥





l quAnTiTATiVE DATAPortfolio Turnover Ratio (Last 1 year) 37.04%Risk Ration Standard Deviation 4.546%n Beta 1.071n Sharpe Ratio* 0.142computed for the 3-yr period ended July 31, 2017.Based on month-end NAV.* Risk free rate: 6.25% (Source: FIMMdA MIBOR)




l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan : Growth & dividend. The dividend Option offers dividend Payout facility.

l MINIMUM APPLICATION AMOUNTPurchase : ` 500 and in multiples of ` 500 thereafter.Additional Purchase : ̀ 500 and in multiples of ̀ 500 thereafter.

l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days (Redemption is subject to completion of Lock-in Period, if applicable).

l locK-in PERioD3 years from the date of allotment of the respective Units

¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years).

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


SIP15 year

SIP10 year

SIP5 year

SIP3 year

SIP1 year

SIPTotal Amount Invested (` ‘000) 2,560.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) $$ 64,844.49 9,767.34 2,765.76 972.81 464.13 139.65 Returns (Annualised) (%) $$ 25.22 20.24 15.94 19.42 17.23 31.87Benchmark Returns (Annualised) (%) # 14.35 14.57 12.48 16.26 15.41 28.75Addl. Benchmark Ret. (Annualised) (%) ## 13.00 13.57 11.01 13.26 12.60 26.58



Returns (%) $$

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`) $$

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 26.92 19.84 16.56 12,709 11,996 11,665Jul 31, 14 Last 3 Years 13.57 12.38 9.27 14,652 14,195 13,051Jul 31, 12 Last 5 Years 19.23 16.33 14.01 24,104 21,310 19,272Mar 31, 96 Since Inception 25.58 12.58 N.A. 1,293,151 125,595 N.A.

Returns greater than 1 year period are compounded annualized (cAGR). $$ All dividends declared prior to the splitting of the Scheme into dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). N.A.: Not Available. For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.

Face Value per Unit: ̀ 10 unless otherwise specified, + Industry classification as recommended by AMFI, cd - certificate of deposit; cP - commercial Papers, Data is as of July 31, 2017 unless otherwise specified.


l Growth of capital over long term.


Riskometer



PORTFOLIO Company Industry+ / Rating % to NAVEquiTY & EquiTY RElATED• State Bank of India Banks 8.10• IcIcI Bank Ltd. Banks 6.75• HdFc Bank Ltd. Banks 6.38• Larsen & Toubro Ltd. construction Project 5.62• Reliance Industries Ltd. Petroleum Products 4.35• Bharat Electronics Ltd. Industrial capital Goods 3.14• KEc International Ltd. construction Project 3.11• Maruti Suzuki India Ltd. Auto 3.08• cipla Ltd. Pharmaceuticals 3.07• Tata Steel Ltd. Ferrous Metals 3.05Tata Motors Ltd. dVR Auto 2.99Infosys Ltd. Software 2.69Sundram Fasteners Ltd. Auto Ancillaries 2.29Oracle Financial Services Software Ltd. Software 2.19Bharat Petroleum corporation Ltd. Petroleum Products 2.17NTPc Ltd. Power 2.11NHPc Ltd. Power 1.90Federal Bank Ltd. Banks 1.69crompton Greavesconsumer Elec. Ltd consumer durables 1.64Housing development Finance corporation Ltd.£ Finance 1.60Punjab National Bank Banks 1.55Power Grid corporation of India Ltd. Power 1.52Bank of Baroda Banks 1.52GAIL (India) Ltd. Gas 1.40Indusind Bank Ltd. Banks 1.35century Textiles & Industries Ltd. cement 1.29United Spirits Ltd. consumer Non durables 1.27Sadbhav Engineering Ltd. construction Project 1.25Solar Industries India Ltd. chemicals 1.21Adani Ports and Special Economic Zone Ltd. Transportation 1.21Siemens Ltd. Industrial capital Goods 1.08ITc Ltd. consumer Non durables 1.05Tata communications Ltd. Telecom - Services 0.96HSIL Limited consumer durables 0.92crompton Greaves Ltd. Industrial capital Goods 0.81carborundum Universal Ltd. Industrial Products 0.80Hindustan construction company Ltd. construction Project 0.77Kirloskar Pneumatic Ltd. Industrial Products 0.71Kalpataru Power Transmission Ltd. Power 0.67Axis Bank Ltd. Banks 0.63IPcA Laboratories Ltd. Pharmaceuticals 0.63Birla corporation Ltd. cement 0.61Aurobindo Pharma Ltd. Pharmaceuticals 0.51The Indian Hotelscompany Ltd.


delta corp Ltd. Hotels, Resorts & Other Recreational Activities 0.41

Vedanta Ltd. Non - Ferrous Metals 0.31Rallis India Ltd. Pesticides 0.28BEML Ltd. Industrial capital Goods 0.27dish TV India Ltd. Media & Entertainment 0.22Siti Network Ltd. Media & Entertainment 0.17Transport corporation of India Ltd. Transportation 0.16MPS Ltd. consumer Non durables 0.14dynamatic Technologies Ltd. Auto Ancillaries 0.12Mangalore Refinery and Petrochemicals Ltd. Petroleum Products 0.12

Company Industry+ / Rating % to NAVSadbhav Infrastructure Project Ltd construction Project 0.09MT Educare Ltd. diversified consumer

Services 0.09Ambuja cements Ltd. cement 0.05Sub Total 94.56Preference SharesVedanta Ltd. Non - Ferrous Metals 0.04Sub Total 0.04Total 94.60DEBT & DEBT RElATEDMONEY MARKET INSTRUMENTScD/cP IcIcI Bank Ltd. cARE - A1+ 2.59Sub Total 2.59Short Term deposits as margin for Futures & Options 0.07cash margin / Earmarked cash for Futures & Options 2.59cash,cash Equivalents and Net current Assets 0.15

grand Total 100.00• Top Ten Holdings, £ co-sponsorOutstanding exposure in derivative instruments (` in crore) 115.62

Hedged position in Equity & Equity related instrumentsOutstanding derivative exposure (% age) 1.73

0.090.280.350.390.900.961.211.371.401.511.601.952.412.462.563.054.214.885.306.076.206.64

10.8427.97

0 5 10 15 20 25 30Diversified Consumer Services

PesticidesNon - Ferrous Metals

Media And EntertainmentHotels, Resorts & Other Recreational Activities

Telecom - ServicesChemicals

TransportationGas

Industrial ProductsFinanceCement

Auto AncillariesConsumer Non Durables

Consumer DurablesFerrous Metals

PharmaceuticalsSoftware

Industrial Capital GoodsAuto

PowerPetroleum Products





l INVESTMENT OBjECTIVETo generate long term capital appreciation.

l FunD MAnAgER ¥



NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan 110.113Direct Plan 113.910





l EXiT loADl For Units subject to Lock-in Period: NILl For Units not subject to Lock-in Period: n 3.00% if the Units are redeemed / switched-out within

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

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

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

year from the date of allotment.For further details, please refer to para ‘Exit Load’ on Pg 51.

l PLANS & OPTIONSRegular Plan, Direct Plan. Nil.


l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days (Redemption is subject to completion of Lock-in Period, if opted).

l locK-in PERioDIf opted : Until the Unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 years from the date of allotment which ever is later.¥ dedicated Fund Manager for Overseas Investments:

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

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

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

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

SIP PERFORMANCE^ - Regular Plan - Growth OptionSince Inception SIP 15 year SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested (` ‘000) 1,970.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) $ 9,867.59 7,549.05 3,078.36 962.87 459.77 136.42 Returns (Annualised) (%) $ 17.54 17.32 17.93 19.00 16.56 26.45Benchmark Returns (Annualised) (%) # N.A. 11.73 10.63 12.43 12.02 20.35Addl. Benchmark Ret. (Annualised) (%) ## 14.04 13.57 11.01 13.26 12.60 26.58



Returns (%) $

Benchmark Returns

(%)#


Returns (%) ##

Value of ` 10,000 investedScheme (`)

$Benchmark

(`)#Additional

Benchmark (`)##

Jul 29, 16 Last 1 Year 20.05 14.36 16.56 12,017 11,445 11,665Jul 31, 14 Last 3 Years 15.20 10.11 9.27 15,294 13,355 13,051Jul 31, 12 Last 5 Years 19.46 12.71 14.01 24,341 18,193 19,272Mar 02, 01 Since Inception 17.59 N.A. 13.25 143,147 N.A. 77,139

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. $ Adjusted for Bonus units declared under the Scheme. N.A.: Not Available. For performance of other schemes managed by chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.






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

Riskometer



PORTFOLIO Company Industry+ / Rating % to NAVEquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 5.49• Reliance Industries Ltd. Petroleum Products 4.46• IcIcI Bank Ltd. Banks 3.51• State Bank of India Banks 3.03• Infosys Ltd. Software 2.79• Motherson Sumi Systems Ltd. Auto Ancillaries 2.66• Larsen & Toubro Ltd. construction Project 2.65Bajaj Finance Ltd. Finance 2.00Tube Investments of India Ltd. Auto Ancillaries 1.85Britannia Industries Ltd. consumer Non durables 1.84Vedanta Ltd. Non - Ferrous Metals 1.52Voltas Ltd. construction Project 1.48Fag Bearings India Ltd. Industrial Products 1.48Bharti Infratel Ltd. Telecom - Equipment &

Accessories 1.47Housing development Finance corporation Ltd.£ Finance 1.47Maruti Suzuki India Ltd. Auto 1.46Swaraj Engines Ltd. Industrial Products 1.37Supreme Industries Ltd. Industrial Products 1.31AIA Engineering Ltd. Industrial Products 1.31Power Grid corporation of India Ltd. Power 1.25Indian Bank Banks 1.24Axis Bank Ltd. Banks 1.22century Plyboards (India) Ltd. consumer durables 1.15carborundum Universal Ltd. Industrial Products 1.11Navneet Education Ltd. Media & Entertainment 1.09Vesuvius India Ltd. Industrial Products 1.00Tata Steel Ltd. Ferrous Metals 1.00Mahindra Holidays & Resorts Ind Ltd


VST Industries Ltd. consumer Non durables 0.89PNc Infratech Ltd. construction 0.85V.S.T Tillers Tractors Ltd. Auto 0.85Hexaware Technologies Ltd. Software 0.83NIIT Technologies Ltd. Software 0.82Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.81Blue Star Ltd. consumer durables 0.80Finolex Industries Ltd. Industrial Products 0.79SKF India Ltd. Industrial Products 0.76The Indian Hotelscompany Ltd.


Bharti Airtel Ltd. Telecom - Services 0.74Zensar Technologies Ltd. Software 0.73Jagran Prakashan Ltd. Media & Entertainment 0.70cipla Ltd. Pharmaceuticals 0.66Apollo Tyres Ltd. Auto Ancillaries 0.66Hero Motocorp Ltd. Auto 0.64IFB Industries Ltd. consumer durables 0.64Nilkamal Ltd. Industrial Products 0.64Rallis India Ltd. Pesticides 0.63Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.62eclerx Services Ltd. Software 0.59Bayer cropscience Ltd Pesticides 0.59Sadbhav Engineering Ltd. construction Project 0.58IPcA Laboratories Ltd. Pharmaceuticals 0.46GNA Axles Ltd. Auto Ancillaries 0.39Bharat Heavy Electricals Ltd. Industrial capital Goods 0.31Allahabad Bank Banks 0.30crompton Greaves consumer Elec. Ltd consumer durables 0.26Persistent Systems Limited Software 0.25J.Kumar Infraprojects Ltd. construction 0.23

Company Industry+ / Rating % to NAVcRISIL Ltd. Finance 0.22Jyoti Structures Limited Power 0.10crompton Greaves Ltd. Industrial capital Goods 0.10Sub Total 72.30PREFERENCE SHARESVedanta Ltd. Non - Ferrous Metals 0.03Sub Total 0.03Total 72.33DEBT & DEBT RElATEDgOVERNMENT SECURITIES• 8.28 GOI 2027 Sovereign 2.348.30 GOI 2040 Sovereign 1.858.32 GOI 2032 Sovereign 1.828.83 GOI 2023 Sovereign 1.438.12 GOI 2020 Sovereign 1.398.24 GOI 2033 Sovereign 1.366.35 GOI 2020 Sovereign 0.658.08 GOI 2022 Sovereign 0.628.30 GOI 2042 Sovereign 0.608.60 GOI 2028 Sovereign 0.338.15 GOI 2022 Sovereign 0.257.16 GOI 2023 Sovereign 0.15Sub Total 12.79cREDiT EXPoSuRE • Axis Bank Ltd. cRISIL - AA+ 5.92• Tata Motors Finance Ltd. cRISIL - AA 2.08Tata Sons Ltd. cRISIL - AAA 1.95State Bank of India cRISIL - AA+ 0.60Vedanta Ltd. cRISIL - AA 0.30Sub Total 10.85cash, cash Equivalents and Net current Assets 4.03grand Total 100.00• Top Ten Holdings, £ co-sponsor

0.410.741.001.081.221.351.471.551.651.792.552.732.852.953.694.464.715.566.01

9.7714.79

0 2 4 6 8 10121416Industrial Capital Goods

Telecom - ServicesFerrous Metals

ConstructionPesticides

PowerTelecom - Equipment & Accessories

Non - Ferrous MetalsHotels, Resorts & Other Recreational Activities

Media And EntertainmentPharmaceuticals

Consumer Non DurablesConsumer Durables

AutoFinance

Petroleum ProductsConstruction Project

Auto AncillariesSoftware

Industrial ProductsBanks






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

l INVESTMENT OBjECTIVETo generate long term capital appreciation.

l FunD MAnAgER ¥





l quAnTiTATiVE DATAAverage Maturity * 6.42 yearsModified duration * 3.97 yearsYield to Maturity * 6.87%* computed on the invested amount for debt portfolio.


l #BEncHMARK inDEX: cRISIL MIP Blended Indexl ##ADDl. BEncHMARK inDEX: cRISIL 10 year Gilt Index

l EXiT loADl For Units subject to Lock-in Period: NILl For Units not subject to Lock-in Period: n 3.00% if the Units are redeemed / switched-out within

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

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

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

year from the date of allotment.For further details, please refer to para ‘Exit Load’ on Pg 51.

l PLANS & OPTIONSRegular Plan, Direct Plan. Nil.



l locK-in PERioDIf opted : Until the Unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 years from the date of allotment which ever is later.¥ dedicated Fund Manager for Overseas Investments:

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

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

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


SIP15 year

SIP10 year

SIP5 Year

SIP3 Year

SIP1 Year

SIPTotal Amount Invested (` ‘000) 1,970.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) $ 5,219.31 4,323.48 2,180.68 813.82 424.52 126.98 Returns (Annualised) (%) $ 10.93 10.87 11.49 12.15 11.01 11.01Benchmark Returns (Annualised) (%) # N.A. 8.91 9.44 10.85 10.90 11.74Addl. Benchmark Ret. (Annualised) (%) ## N.A. 7.06 7.84 9.55 10.33 8.08



Returns (%) $

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`) $

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 11.31 11.00 9.83 11,137 11,106 10,989Jul 31, 14 Last 3 Years 11.31 10.87 11.15 13,794 13,634 13,734Jul 31, 12 Last 5 Years 11.72 10.40 8.60 17,408 16,404 15,110Mar 02, 01 Since Inception 11.21 N.A. N.A. 57,234 N.A. N.A.

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. $ Adjusted for Bonus units declared under the Scheme. N.A.: Not Available. For performance of other schemes managed by chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 59.







l capital appreciation over medium to long term.l Investment in debt and money market instruments as well

as equity and equity related instruments.

Riskometer

Investors understand that their principal will be at moderate risk


PORTFOLIO Company Industry+ / Rating % to NAV

EquiTY & EquiTY RElATEDIcIcI Bank Ltd. Banks 1.05Infosys Ltd. Software 0.87State Bank of India Banks 0.85Mahindra Holidays &Resorts Ind Ltd


Oriental carbon & chemicals Ltd. chemicals 0.77cholamandalam Investment and Finance company Ltd. Finance 0.76Indian Bank Banks 0.75Sundram Fasteners Ltd. Auto Ancillaries 0.75carborundum Universal Ltd. Industrial Products 0.74Balkrishna Industries Ltd. Auto Ancillaries 0.73Banco Products (I) Ltd. Auto Ancillaries 0.73Vesuvius India Ltd. Industrial Products 0.72Apar Industries Limited Industrial capital Goods 0.71Suprajit Engineering Ltd. Auto Ancillaries 0.70VST Industries Ltd. consumer Non durables 0.70Navneet Education Ltd. Media & Entertainment 0.65Greenply Industries Ltd. consumer durables 0.65Axis Bank Ltd. Banks 0.64Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.60Tata Steel Ltd. Ferrous Metals 0.59NIIT Technologies Ltd. Software 0.58Redington (India) Limited Transportation 0.54Greenlam Industries Ltd. consumer durables 0.49Timken India Ltd. Industrial Products 0.46Sadbhav Engineering Ltd. construction Project 0.45SKF India Ltd. Industrial Products 0.43IFB Industries Ltd. consumer durables 0.38


Jagran Prakashan Ltd. Media & Entertainment 0.32Praj Industries Limited Industrial capital Goods 0.27

Sub Total 18.65

DEBT & DEBT RElATED

gOVERNMENT SECURITIES

• 8.15 GOI 2022 Sovereign 10.55• 8.12 GOI 2020 Sovereign 9.96• 8.28 GOI 2027 Sovereign 8.39• 8.83 GOI 2023 Sovereign 4.49• 8.30 GOI 2040 Sovereign 3.468.20 GOI 2022 Sovereign 2.407.16 GOI 2023 Sovereign 2.318.32 GOI 2032 Sovereign 2.018.17 GOI 2044 Sovereign 1.928.24 GOI 2033 Sovereign 1.506.35 GOI 2020 Sovereign 1.358.30 GOI 2042 Sovereign 1.02

Sub Total 49.36

cREDiT EXPoSuRE

• Tata Motors Finance Ltd. cRISIL - AA 8.24

• Tata Sons Ltd. cRISIL - AAA 5.01

• Power Finance corporation Ltd. cRISIL - AAA 3.41

• State Bank of India cRISIL - AA+, AAA 3.19

• Vedanta Ltd. cRISIL - AA 2.73

Sub Total 22.58


grand Total 100.00




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

l FunD MAnAgER ¥

chirag Setalvad (Equities) (since February 25, 2016) Total Experience - Over 17 years &Shobhit Mehrotra (debt) (since February 25, 2016) Total Experience: Over 25 years




l quAnTiTATiVE DATAPortfolio Turnover Ratio Nil


l #BEncHMARK inDEX: NIFTY 500 Indexl ##ADDl. BEncHMARK inDEX: NIFTY 50 Index

l EXiT loADl (Upon completion of lock-in period of 5 years) In respect

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

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

n No Exit Load is payable if Units are redeemed/switched-out on or after attainment of 60 years of age.;

No Exit Load shall be imposed for switching between Investment Plan(s) and Plans/Options within the Investment Plan(s), subject to completion of lock-in period.


l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan offers Growth Option only.



l locK-in PERioDUnits purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the Scheme. Upon completion of lock-in period, subsequent switches of units within the Scheme shall not be subject to further lock-in period.¥ dedicated Fund Manager for Overseas Investments:

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


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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 26.01 19.84 16.56 12,617 11,996 11,665Feb 25, 16 Since Inception 39.32 33.51 29.40 16,068 15,118 14,457

Returns greater than 1 year period are compounded annualized (cAGR). For performance of other schemes managed by chirag Setalvad (Equities) and Shobhit Mehrotra (debt), please refer page 51. The Scheme is in existence for more than 1 year but less than 3 years. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 69.

This product is suitable for investors who are seeking ~l 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.


Riskometer





• HdFc Bank Ltd. Banks 8.76• Reliance Industries Ltd. Petroleum Products 5.78• IcIcI Bank Ltd. Banks 5.53• Larsen & Toubro Ltd. construction Project 4.63• State Bank of India Banks 3.92• Aurobindo Pharma Ltd. Pharmaceuticals 2.60• Tube Investments of India Ltd. Auto Ancillaries 2.55• Indusind Bank Ltd. Banks 2.43• Power Grid corporation of

India Ltd. Power 2.18• KEc International Ltd. construction Project 2.11carborundum Universal Ltd. Industrial Products 2.11Aarti Industries Ltd. chemicals 1.97Voltas Ltd. construction Project 1.92Bharti Infratel Ltd. Telecom - Equipment &

Accessories 1.79Hexaware Technologies Ltd. Software 1.79Oriental carbon & chemicals Ltd. chemicals 1.78Tata Motors Ltd. dVR Auto 1.74Yes Bank Ltd. Banks 1.74city Union Bank Ltd. Banks 1.70Infosys Ltd. Software 1.68Vedanta Ltd. Non - Ferrous Metals 1.65Hindustan Petroleum corporation Ltd. Petroleum Products 1.59Mahindra Holidays & Resorts Ind Ltd


Mahanagar Gas Ltd. Gas 1.58BEML Ltd. Industrial capital Goods 1.46Tata Steel Ltd. Ferrous Metals 1.40Blue Star Ltd. consumer durables 1.40Nilkamal Ltd. Industrial Products 1.38Tamil Nadu Newsprint & Papers Ltd. Paper 1.37IFB Industries Ltd. consumer durables 1.36Bank of Baroda Banks 1.33Maruti Suzuki India Ltd. Auto 1.32GNA Axles Ltd. Auto Ancillaries 1.24Apar Industries Limited Industrial capital Goods 1.16Redington (India) Limited Transportation 1.16Jagran Prakashan Ltd. Media & Entertainment 1.14cholamandalam Investment and Finance company Ltd. Finance 1.11Atul Ltd. chemicals 0.97Kirloskar Oil Engines Ltd. Industrial Products 0.97


Kalpataru PowerTransmission Ltd. Power 0.90Timken India Ltd. Industrial Products 0.86The Indian Hotelscompany Ltd.


SKF India Ltd. Industrial Products 0.81IPcA Laboratories Ltd. Pharmaceuticals 0.78Axis Bank Ltd. Banks 0.77Zensar Technologies Ltd. Software 0.71Bajaj Electricals Ltd. consumer durables 0.60cipla Ltd. Pharmaceuticals 0.57Oil & Natural Gascorporation Ltd. Oil 0.46divi's Laboratories Ltd. Pharmaceuticals 0.35Greenply Industries Ltd. consumer durables 0.07Total 91.59DEBT & DEBT RElATEDcREDiT EXPoSuRE Syndicate Bank cARE - AA- 1.35Union Bank of India FITcH - AA 1.14Sub Total 2.49cash, cash Equivalents and Net current Assets 5.92

grand Total 100.00


PORTFOLIO

0.461.111.141.161.371.401.581.651.792.412.623.063.083.433.794.184.304.726.137.378.66

26.18

0 5 10 15 20 25 30Oil

FinanceMedia And Entertainment

TransportationPaper

Ferrous MetalsGas

Non - Ferrous MetalsTelecom - Equipment & AccessoriesHotels, Resorts & Other Recreational Activities

Industrial Capital GoodsAuto

PowerConsumer Durables

Auto AncillariesSoftware

PharmaceuticalsChemicals

Industrial ProductsPetroleum Products






l FunD MAnAgER ¥





l quAnTiTATiVE DATAPortfolio Turnover Ratio 1.16%









l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan offers Growth Option only.l MINIMUM APPLICATION AMOUNTPurchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.





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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by chirag Setalvad (Equities) and Shobhit Mehrotra (debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 69.



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

Riskometer




EquiTY & EquiTY RElATED• HdFc Bank Ltd. Banks 6.56• Reliance Industries Ltd. Petroleum Products 4.25• IcIcI Bank Ltd. Banks 3.91• Larsen & Toubro Ltd. construction Project 3.46• State Bank of India Banks 2.54• Tube Investments of India Ltd. Auto Ancillaries 2.10city Union Bank Ltd. Banks 2.07Oriental carbon & chemicals Ltd. chemicals 1.90carborundum Universal Ltd. Industrial Products 1.81Yes Bank Ltd. Banks 1.67Vedanta Ltd. Non - Ferrous Metals 1.61Sundram Fasteners Ltd. Auto Ancillaries 1.60Infosys Ltd. Software 1.56Mahanagar Gas Ltd. Gas 1.56Aarti Industries Ltd. chemicals 1.56Mahindra Holidays &Resorts Ind Ltd



Blue Star Ltd. consumer durables 1.43Aurobindo Pharma Ltd. Pharmaceuticals 1.40Nilkamal Ltd. Industrial Products 1.37Apar Industries Limited Industrial capital Goods 1.29Maruti Suzuki India Ltd. Auto 1.27Tata Steel Ltd. Ferrous Metals 1.21Power Grid corporation of India Ltd. Power 1.19Voltas Ltd. construction Project 1.18Tamil Nadu Newsprint & Papers Ltd. Paper 1.16MRF Ltd. Auto Ancillaries 1.14Indusind Bank Ltd. Banks 1.08BEML Ltd. Industrial capital Goods 1.08Bank of Baroda Banks 1.08Tata Motors Ltd. dVR Auto 1.07Redington (India) Limited Transportation 1.07NIIT Technologies Ltd. Software 1.06Vesuvius India Ltd. Industrial Products 1.03cholamandalam Investment and Finance company Ltd. Finance 0.99SKF India Ltd. Industrial Products 0.96Hindustan Petroleum corporation Ltd. Petroleum Products 0.95Kalpataru PowerTransmission Ltd. Power 0.87Greenply Industries Ltd. consumer durables 0.84Kirloskar Oil Engines Ltd. Industrial Products 0.83


Bajaj Electricals Ltd. consumer durables 0.81The Indian Hotelscompany Ltd.


Axis Bank Ltd. Banks 0.73Sadbhav Engineering Ltd. construction Project 0.70Jagran Prakashan Ltd. Media & Entertainment 0.65Zensar Technologies Ltd. Software 0.61cipla Ltd. Pharmaceuticals 0.39divi's Laboratories Ltd. Pharmaceuticals 0.26Total 71.58DEBT & DEBT RElATEDgOVERNMENT SECURITIES• 7.68 GOI 2023 Sovereign 2.166.35 GOI 2020 Sovereign 2.05Sub Total 4.21cREDiT EXPoSuRE • State Bank of India cRISIL - AA+ 7.13• Syndicate Bank cARE - AA- 3.00• Reliance Jio Infocomm Limited cRISIL - AAA 2.21IdBI Bank Ltd. IcRA - BBB- 1.76Sub Total 14.10cash, cash Equivalents and Net current Assets 10.11

grand Total 100.00


PORTFOLIO

0.650.991.071.161.211.451.561.612.052.062.272.342.373.083.233.464.845.205.346.00

19.64

0 5 10 15 20 25Media And Entertainment

FinanceTransportation

PaperFerrous Metals

Telecom - Equipment & AccessoriesGas


PowerHotels, Resorts & Other Recreational Activities

AutoIndustrial Capital Goods

Consumer DurablesSoftware

ChemicalsAuto Ancillaries

Petroleum ProductsConstruction Project

Industrial ProductsBanks





l FunD MAnAgER ¥







l #BEncHMARK inDEX: cRISIL MIP Blended Indexl ##ADDl. BEncHMARK inDEX: N







l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan offers Growth Option only.l MINIMUM APPLICATION AMOUNTPurchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.



Mr Rakesh Vyas (Total Experience - Over 10 years). Equity 22.69G-Sec 31.71credit Exposure 29.67cash, cash Equivalents and Net current Assets 15.93





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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by chirag Setalvad (Equities) and Shobhit Mehrotra (debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 69.



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

Riskometer






IcIcI Bank Ltd. Banks 1.15

Sundram Fasteners Ltd. Auto Ancillaries 0.93

Time Technoplast Ltd. Industrial Products 0.83

Avanti Feeds Ltd. consumer Non durables 0.83

Mahanagar Gas Ltd. Gas 0.72

Blue Star Ltd. consumer durables 0.71

city Union Bank Ltd. Banks 0.71

Oriental carbon & chemicals Ltd. chemicals 0.69

Reliance Industries Ltd. Petroleum Products 0.66

Aarti Industries Ltd. chemicals 0.64

Vesuvius India Ltd. Industrial Products 0.63



Infosys Ltd. Software 0.62

BEML Ltd. Industrial capital Goods 0.61

State Bank of India Banks 0.60

Hindustan Petroleum corporation Ltd. Petroleum Products 0.60

Mahindra Holidays & Resorts Ind Ltd


Orient Refractories Ltd. Industrial Products 0.51

Nilkamal Ltd. Industrial Products 0.49


Tube Investments of India Ltd. Auto Ancillaries 0.47

Timken India Ltd. Industrial Products 0.44


SKF India Ltd. Industrial Products 0.41


GNA Axles Ltd. Auto Ancillaries 0.41


NIIT Technologies Ltd. Software 0.39



Poddar Pigments Ltd. chemicals 0.38

Kirloskar Oil Engines Ltd. Industrial Products 0.37


Bajaj Electricals Ltd. consumer durables 0.33

The Indian Hotelscompany Ltd.


Zensar Technologies Ltd. Software 0.30

Sadbhav Engineering Ltd. construction Project 0.30


Aurobindo Pharma Ltd. Pharmaceuticals 0.29



Total 22.69

DEBT & DEBT RElATED


• 7.68 GOI 2023 Sovereign 16.01

• 8.27 GOI 2020 Sovereign 10.63

• 6.35 GOI 2020 Sovereign 5.07

Sub Total 31.71

cREDiT EXPoSuRE

• State Bank of India cRISIL - AA+ 9.32

• HPcL-Mittal Pipelines Limited FITcH - AA 5.89

• Syndicate Bank cARE - AA- 4.23

• Union Bank of India FITcH - AA 4.16

• Reliance Jio Infocomm Limited cRISIL - AAA 4.14

• IdBI Bank Ltd. IcRA - BBB- 1.32

Oriental Bank of commerce IcRA - A 0.61

Sub Total 29.67


grand Total 100.00


PORTFOLIO



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

l FunD MAnAgER ¥

Vinay Kulkarni (Equities) (since November 21, 06) Total Experience: Over 27 years &Shobhit Mehrotra (debt) (since February 16, 04) Total Experience: Over 25 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 29.8966Regular Plan - Monthly dividend Option 11.5841Regular Plan - Quarterly dividend Option 12.0874direct Plan - Growth Option 30.9523direct Plan - Monthly dividend Option 12.4470direct Plan - Quarterly dividend Option 12.5916





l EXiT loADl In respect of each purchase / switch-in of Units, 15% of

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

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


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


l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan : Growth, Monthly dividend & Quarterly dividend Option. The dividend Option offers Dividend Payout and Reinvestment facility.

l MINIMUM APPLICATION AMOUNTPurchase: (Growth & Quarterly dividend Option) - ` 5,000 and any amount thereafter. (Monthly dividend Option) - ` 25,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.

l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments:


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


SIP10 year

SIP5 Year

SIP3 Year

SIP1 Year




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 12.10 11.00 9.83 11,217 11,106 10,989Jul 31, 14 Last 3 Years 9.02 10.87 11.15 12,960 13,634 13,734Jul 31, 12 Last 5 Years 9.98 10.40 8.60 16,095 16,404 15,110dec 26, 03 Since Inception 8.38 8.17 5.81 29,897 29,096 21,551

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.For performance of other schemes managed by Vinay Kulkarni (Equities) and Shobhit Mehrotra (debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 68.

Equity 20.85G-Sec, SdL 40.92credit Exposure 32.80cash, cash Equivalents and Net current Assets 5.43




Face Value per Unit: ̀ 10 unless otherwise specified, + Industry classification as recommended by AMFI, cd - certificate of deposit; cP - commercial Papers. Data is as of July 31, 2017 unless otherwise specified.


l Regular income over medium to long term.

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

Riskometer



PORTFOLIO


EquiTY & EquiTY RElATEDKEc International Ltd. construction Project 1.66IcIcI Bank Ltd. Banks 1.50State Bank of India Banks 1.41NHPc Ltd. Power 1.28Bank of Baroda Banks 1.25HdFc Bank Ltd. Banks 1.07century Textiles & Industries Ltd. cement 0.86Solar Industries India Ltd. chemicals 0.83Larsen & Toubro Ltd. construction Project 0.78Blue Star Ltd. consumer durables 0.78JMc Projects (India) Ltd. construction 0.69Zuari Agro chemicals Ltd. Fertilisers 0.69Tata Steel Ltd. Ferrous Metals 0.68Federal Bank Ltd. Banks 0.67cipla Ltd. Pharmaceuticals 0.67c & c constructions Ltd. construction 0.56canara Bank Banks 0.55Oil India Ltd. Oil 0.51Apar Industries Limited Industrial capital Goods 0.47crompton Greavesconsumer Elec. Ltd consumer durables 0.40NMdc Limited Minerals/Mining 0.38Titagarh Wagons Ltd. Industrial capital Goods 0.37Kalpataru PowerTransmission Ltd. Power 0.37Wipro Ltd. Software 0.36Rallis India Ltd. Pesticides 0.29Elecon Engineering co. Ltd. Industrial capital Goods 0.29Navneet Education Ltd. Media & Entertainment 0.27Sadbhav Engineering Ltd. construction Project 0.26Mcleod Russel India Ltd. consumer Non durables 0.26Va Tech Wabag Ltd. Engineering Services 0.26Allahabad Bank Banks 0.18crompton Greaves Ltd. Industrial capital Goods 0.16Unichem Laboratories Ltd. Pharmaceuticals 0.08Union Bank of India Banks 0.01Sub Total 20.85DEBT & DEBT RElATEDgOVERNMENT SECURITIES• 8.40 GOI 2024 Sovereign 9.76• 7.35 GOI 2024 Sovereign 9.29

Company Industry+ / Rating % to NAV• 6.79 GOI 2029 Sovereign 4.51• 8.60 GOI 2028 Sovereign 3.35• 8.32 GOI 2032 Sovereign 3.33• 7.50 GOI 2034 Sovereign 3.136.57 GOI 2033 Sovereign 1.868.28 GOI 2027 Sovereign 1.647.88 GOI 2030 Sovereign 1.617.16 GOI 2023 Sovereign 1.538.10 SdL 2025 Sovereign 0.808.15 GOI 2026 Sovereign 0.11Sub Total 40.92cREDiT EXPoSuRE • State Bank of India cRISIL - AA+, AAA 4.62• Hindalco Industries Ltd. cRISIL - AA 3.22• National Highways

Authority of India cRISIL - AAA 3.06• LIc Housing Finance Ltd. cRISIL - AAA 3.05Oriental Bank of commerce IcRA - A 2.11Rural Electrification corporation Ltd. cRISIL - AAA 1.95Tata Steel Ltd. cARE - AA- 1.64Export - Import Bank of India cRISIL - AAA 1.62India Infoline Housing Finance Ltd. cRISIL - AA 1.58Syndicate Bank cARE - AA- 1.56Aarti Industries Ltd. cRISIL - AA- 1.54BMW India FinancialServices Pvt. Ltd. cRISIL - AAA 1.50Indiabulls Housing Finance Ltd. cARE - AAA 1.31Housing development Finance corporation Ltd. £ cRISIL - AAA 1.29Tata Sons Ltd. cRISIL - AAA 1.05Shriram TransportFinance co. Ltd. cARE - AA+ 0.75cholamandalam Investment and Finance company Ltd. IcRA - AA 0.55Sundaram BNP ParibasHome Finance Ltd. IcRA - AA+ 0.40Sub Total 32.80cash, cash Equivalents and Net current Assets 5.43

grand Total 100.00




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

l FunD MAnAgER ¥

Prashant jain (Equities) (since december 26, 03) Total Experience: Over 26 years &Shobhit Mehrotra (Debt) (since September 1, 07) Total Experience: Over 25 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 43.7338Regular Plan - Monthly dividend Option 14.8084Regular Plan - Quarterly dividend Option 15.4951direct Plan - Growth Option 44.7229direct Plan - Monthly dividend Option 15.2158direct Plan - Quarterly dividend Option 15.9222






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

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


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


l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan : Growth, Monthly dividend & Quarterly dividend Option. The dividend Option offers Dividend Payout and Reinvestment facility.

l MINIMUM APPLICATION AMOUNTPurchase: (Growth & Quarterly dividend Option) - ` 5,000 and any amount thereafter. (Monthly dividend Option) - ` 25,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.



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



l Regular income over medium to long term.

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

Riskometer



PORTFOLIO Company Industry+ / Rating % to NAVEquiTY & EquiTY RElATEDIcIcI Bank Ltd. Banks 2.15State Bank of India Banks 1.98Larsen & Toubro Ltd. construction Project 1.85Infosys Ltd. Software 1.31MEP Infrastructuredevelopers Ltd. Transportation 1.21HdFc Bank Ltd. Banks 1.15PNc Infratech Ltd. construction 0.94Sharda cropchem Ltd. Pesticides 0.86Power Grid corporation of India Ltd. Power 0.86Maruti Suzuki India Ltd. Auto 0.86Apar Industries Limited Industrial capital Goods 0.83Balkrishna Industries Ltd. Auto Ancillaries 0.70Simplex Infrastructures Ltd. construction 0.63ITd cementation India Ltd. construction 0.62Punjab National Bank Banks 0.61Aurobindo Pharma Ltd. Pharmaceuticals 0.61canara Bank Banks 0.52NTPc Ltd. Power 0.49Bank of Baroda Banks 0.48Rural Electrification corporation Ltd. Finance 0.45Tata consultancy Services Ltd. Software 0.45Axis Bank Ltd. Banks 0.44Union Bank of India Banks 0.41crompton Greaves Ltd. Industrial capital Goods 0.37Tata Steel Ltd. Ferrous Metals 0.36Texmaco Rail & Engineering Ltd. Industrial capital Goods 0.35Tata Motors Ltd. Auto 0.31Power Finance corporation Ltd. Finance 0.27Vedanta Ltd. Non - Ferrous Metals 0.27Precision camshafts Ltd. Auto Ancillaries 0.26Siemens Ltd. Industrial capital Goods 0.26cipla Ltd. Pharmaceuticals 0.25Avenue Supermarts Ltd. Retailing 0.23corporation Bank Banks 0.22Tata Motors Ltd. dVR Auto 0.19Elecon Engineering co. Ltd. Industrial capital Goods 0.15Network 18 Media & Investments Ltd Media & Entertainment 0.14NHPc Ltd. Power 0.12Maharashtra Seamless Ltd. Ferrous Metals 0.08Jaiprakash Power Ventures Ltd. Power 0.06Sub Total 24.30PREFERENCE SHARESVedanta Ltd. Non - Ferrous Metals 0.03Sub Total 0.03Total 24.33DEBT & DEBT RElATEDgOVERNMENT SECURITIES• 7.73 GOI 2034 Sovereign 4.67• 7.59 GOI 2026 Sovereign 4.06• 8.32 GOI 2032 Sovereign 3.43• 7.88 GOI 2030 Sovereign 2.63• 6.57 GOI 2033 Sovereign 2.517.95 GOI 2032 Sovereign 2.518.60 GOI 2028 Sovereign 2.45

Company Industry+ / Rating % to NAV7.72 GOI 2025 Sovereign 2.037.59 GOI 2029 Sovereign 1.956.79 GOI 2029 Sovereign 1.948.30 GOI 2042 Sovereign 1.749.20 GOI 2030 Sovereign 1.218.24 GOI 2033 Sovereign 0.867.40 GOI 2035 Sovereign 0.809.23 GOI 2043 Sovereign 0.808.17 GOI 2044 Sovereign 0.727.61 GOI 2030 Sovereign 0.687.68 GOI 2023 Sovereign 0.687.50 GOI 2034 Sovereign 0.676.79 GOI 2027 Sovereign 0.668.83 GOI 2041 Sovereign 0.468.28 GOI 2027 Sovereign 0.281.44 GOI 2023 Sovereign 0.197.16 GOI 2023 Sovereign 0.10Sub Total 38.03cREDiT EXPoSuRE • Union Bank of India FITcH - AA 3.75• Bank of India BRIcKWORKS - AA- /

cRISIL - A+ 3.05• Food corporation of India cRISIL - AAA(SO) 2.85• Tata capital Financial

Services Ltd. cRISIL - AA+ 2.82• Housing development

Finance corporation Ltd.£ cRISIL - AAA 2.62IdBI Bank Ltd. cRISIL-BBB+ / IcRA-BBB- 1.93State Bank of India cRISIL - AAA 1.75TATA International Ltd. cARE - A+ 1.56canara Bank IcRA - AA 1.33corporation Bank cRISIL - A 1.25Andhra Bank cARE - AA- 1.20Tata Realty and Infrastructure Ltd. cRISIL - AA 1.13LIc Housing Finance Ltd. cRISIL - AAA 1.04Tata Power co. Ltd. cRISIL - AA- 0.97HPcL-Mittal Pipelines Limited FITcH - AA 0.84Power Grid corporation of India Ltd. cRISIL - AAA 0.83Vedanta Ltd. cRISIL - AA 0.80Andhra Pradesh Expressway Ltd. IcRA - AAA(SO) 0.76ING Vysya Bank Ltd. cRISIL - AAA 0.71Rural Electrification corporation Ltd. cRISIL - AAA 0.69Syndicate Bank cARE - AA- 0.68Bank of Baroda cARE - AA+ 0.66Volkswagen Finance Private Ltd. FITcH - AAA 0.65Indian Railway Finance corporation Ltd. cRISIL - AAA 0.44National Housing Bank cRISIL - AAA 0.26Power Finance corporation Ltd. cRISIL - AAA 0.14Export - Import Bank of India cRISIL - AAA 0.14Yes Bank Ltd. IcRA - AA+ 0.14Tata Motors Ltd. cARE - AA+ 0.04Sub Total 35.03cash, cash Equivalents and Net current Assets 2.61

grand Total 100.00


SIP PERFORMANCE^ - Regular Plan - Growth OptionSince Inception SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested (` ‘000) 1,640.00 1,200.00 600.00 360.00 120.00 Mkt Value as on July 31, 2017 (` ‘000) 3,757.84 2,177.77 824.34 431.91 128.55 Returns (Annualised) (%) 11.37 11.47 12.67 12.20 13.54Benchmark Returns (Annualised) (%) # 8.96 9.44 10.85 10.90 11.74Addl. Benchmark Ret. (Annualised) (%) ## 7.26 7.84 9.55 10.33 8.08



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


(`)#Additional

Benchmark (`)##

Jul 29, 16 Last 1 Year 13.10 11.00 9.83 11,318 11,106 10,989Jul 31, 14 Last 3 Years 11.58 10.87 11.15 13,894 13,634 13,734Jul 31, 12 Last 5 Years 12.09 10.40 8.60 17,699 16,404 15,110dec 26, 03 Since Inception 11.46 8.17 5.81 43,734 29,096 21,551

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. For performance of other schemes managed by Prashant Jain (Equities) and Shobhit Mehrotra (debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 68.



Equity, Preference Shares 24.33G-Sec 38.03credit Exposure 35.03cash, cash Equivalents and Net current Assets 2.61




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


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

l FunD MAnAgER ¥

chirag Setalvad (Equities) (since April 2, 07) Total Experience - Over 17 years &Anil Bamboli (Debt) (since August 17, 05) Total Experience: Over 23 years


August 17, 2005




As on July 31, 2017 172.68Average for Month of July, 2017 172.48

l quAnTiTATiVE DATA

Average Maturity * 161 daysModified duration * 151 daysYield to Maturity * 6.54%* computed on the invested amount for debt portfolio.



l #BEncHMARK inDEX: cRISIL MIP Blended Index

l ##ADDl. BEncHMARK inDEX: cRISIL 1 year T-Bill Index

l EXiT loAD

l In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 15 months from the date of allotment.



l PLANS & OPTIONS

Regular Plan, direct Plan. Under Each Plan : Growth & dividend. The dividend Option offers dividend Payout and Reinvestment facility.


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





SIP10 year

SIP5 Year

SIP3 Year

SIP1 Year




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 10.43 11.00 6.42 11,049 11,106 10,646Jul 31, 14 Last 3 Years 9.07 10.87 7.54 12,977 13,634 12,441Jul 31, 12 Last 5 Years 10.50 10.40 7.32 16,482 16,404 14,240Aug 17, 05 Since Inception 9.61 8.64 6.20 29,971 26,941 20,533

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by chirag Setalvad (Equities) and Anil Bamboli (debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 68.

Equity 18.21cd/cP 9.90credit Exposure 55.90cash, cash Equivalents and Net current Assets 15.99


Equity 18.21AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 65.80cash, cash Equivalents and Net current Assets 15.99


Face Value per Unit: ̀ 10 unless otherwise specified, + Industry classification as recommended by AMFI, cd - certificate of deposit; cP - commercial Papers. Data is as of July 31, 2017 unless otherwise specified.

This product is suitable for investors who are seeking ~l Positive returns over medium term with low risk of capital

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

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

Riskometer







Graphite India Ltd. Industrial Products 0.82

Oriental carbon & chemicals Ltd. chemicals 0.78


Vesuvius India Ltd. Industrial Products 0.77


Balkrishna Industries Ltd. Auto Ancillaries 0.75


Banco Products (I) Ltd. Auto Ancillaries 0.74

Sundram Fasteners Ltd. Auto Ancillaries 0.72

Jagran Prakashan Ltd. Media & Entertainment 0.71

Rural Electrification corporation Ltd. Finance 0.71

Savita Oil Technologies Ltd. Petroleum Products 0.70


Greenply Industries Ltd. consumer durables 0.70

Suprajit Engineering Ltd. Auto Ancillaries 0.69

VST Industries Ltd. consumer Non durables 0.69

Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.69

NIIT Technologies Ltd. Software 0.60

Timken India Ltd. Industrial Products 0.58

Union Bank of India Banks 0.55




IPcA Laboratories Ltd. Pharmaceuticals 0.36

IdFc Ltd. Finance 0.36

Poddar Pigments Ltd. chemicals 0.06

Total 18.21

DEBT & DEBT RElATED

MONEY MARKET INSTRUMENTS

cD/cP

• credit Suisse AG cRISIL - A1+ 9.90

Sub Total 9.90

cREDiT EXPoSuRE

• National Bank for Agriculture & Rural development cRISIL - AAA 11.73

• Housing development Finance corporation Ltd.£ cRISIL - AAA 11.69

• Export - Import Bank of India cRISIL - AAA 9.63


• canFin Homes Ltd IcRA - AAA 7.05

• Power Grid corporation of India Ltd. cRISIL - AAA 3.49

• LIc Housing Finance Ltd. cRISIL - AAA 2.93

Sub Total 55.90


grand Total 100.00


PORTFOLIO



HDFC Income Fund (An open-ended income scheme)

l INVESTMENT OBjECTIVETo optimise returns while maintaining a balance of safety, yield and liquidity.

l FunD MAnAgER ¥

Shobhit Mehrotra (since September 11, 07) Total Experience: Over 25 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 38.7033Regular Plan - Quarterly dividend Option 11.1768Regular Plan - Normal dividend Option 12.2042direct Plan - Growth Option 40.2551direct Plan - Quarterly dividend Option 11.6639direct Plan - Normal dividend Option 12.7307




l #BEncHMARK inDEX: cRISIL composite Bond Fund Index


l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan : Growth, Quarterly dividend & Normal dividend. Both dividend Options offer Payout and Reinvestment facility.





Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 7.53 9.94 9.83 10,757 11,000 10,989Jul 31, 14 Last 3 Years 10.39 11.00 11.15 13,455 13,680 13,734Jul 31, 12 Last 5 Years 8.94 9.61 8.60 15,351 15,826 15,110Sep 11, 00 Since Inception 8.34 N.A. N.A. 38,703 N.A. N.A.

Returns greater than 1 year period are compounded annualized (cAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 60.

G-Sec 66.49credit Exposure 28.56cash, cash Equivalents and Net current Assets 4.95


Sovereign 66.49AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 13.60AA+ & Below 14.96cash, cash Equivalents and Net current Assets 4.95


Face Value per Unit: ` 10 unless otherwise specified, data is as of July 31, 2017 unless otherwise specified.

This product is suitable for investors who are seeking ~l Regular income over medium to long term.l To optimise returns while maintaining a balance of safety,

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

Riskometer



PORTFOLIO

Issuer Rating % to NAV

DEBT & DEBT RElATED


• 6.79 GOI 2029 Sovereign 11.10







7.59 GOI 2026 Sovereign 2.91














Sub Total 66.49

cREDiT EXPoSuRE

• National Highways Authority of India cRISIL - AAA 6.96

• Punjab National Bank cRISIL - AA / FITcH - AA+ 6.94

• Tata Power co. Ltd. cRISIL - AA- 3.28

Indian Railway Finance corporation Ltd. cRISIL - AAA 2.83

State Bank of India cRISIL - AA+ 1.86

NTPc Ltd. cRISIL - AAA 1.53

Food corporation of India cRISIL - AAA(SO) 1.53

Tata Steel Ltd. cARE - AA- 1.50

Union Bank of India FITcH - AA 1.38

Andhra Pradesh Expressway Ltd. IcRA - AAA(SO) 0.75

Sub Total 28.56


grand Total 100.00




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

l FunD MAnAgER ¥

Anil Bamboli (since February 16, 04) Total Experience: Over 23 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 58.6952Regular Plan - Quarterly dividend Option 12.0727Regular Plan - Half-Yearly dividend Option 11.8688Regular Plan - Yearly dividend Option 13.1555Regular Plan - Normal dividend Option 12.5742direct Plan - Growth Option 60.8715direct Plan - Quarterly dividend Option 12.5346direct Plan - Half-Yearly dividend Option 12.7831direct Plan - Yearly dividend Option 13.6680direct Plan - Normal dividend Option 12.8168


l quAnTiTATiVE DATAAverage Maturity * 10.22 yearsModified duration * 5.94 yearsYield to Maturity * 7.42%* computed on the invested amount.


l #BEncHMARK inDEX: cRISIL composite Bond Fund Indexl ##ADDl. BEncHMARK inDEX: cRISIL 10 year Gilt Index


Load of 0.50% is payable if Units are redeemed / switched-out within 6 months from the date of allotment.



l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan: Growth, Normal dividend, Quarterly dividend, Half Yearly dividend, & Yearly dividend. All dividend Options offer Payout and Reinvestment facility.

l MINIMUM APPLICATION AMOUNTPurchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter.


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

G-Sec, SdL 65.97credit Exposure 28.16cash, cash Equivalents and Net current Assets 5.87






Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 8.45 9.94 9.83 10,850 11,000 10,989Jul 31, 14 Last 3 Years 10.79 11.00 11.15 13,601 13,680 13,734Jul 31, 12 Last 5 Years 9.87 9.61 8.60 16,016 15,826 15,110Apr 28, 97 Since Inception 9.12 N.A. N.A. 58,695 N.A. N.A.

Returns greater than 1 year period are compounded annualized (cAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 64.

This product is suitable for investors who are seeking ~l Stable returns over medium to long term.l To maximize income while maintaining the optimum balance

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

Riskometer



PORTFOLIO


DEBT & DEBT RElATED


• 8.32 GOI 2032 Sovereign 11.24



• 8.21 SdL 2022 Sovereign 3.76







8.29 SdL 2024 Sovereign 1.84





























Sub Total 65.97

cREDiT EXPoSuRE

• Union Bank of India FITcH - AA 5.10

• State Bank of India cRISIL - AA+, AAA 4.94

• Power Financecorporation Ltd.

cARE - AAA /cRISIL - AAA 3.66

Bank of India cRISIL - A+ 2.51

Punjab National Bank cRISIL - AA 2.41

Hindalco Industries Ltd. cRISIL - AA 1.81

Syndicate Bank cARE - AA- 1.70

Mahanagar TelephoneNigam Ltd. cARE - AAA(SO) 1.34

National Highways Authority of Indi cRISIL - AAA 1.23

Axis Bank Ltd. cRISIL - AA+ 1.22


Bank of Baroda cARE - AA 0.74

Tata Power co. Ltd. cRISIL - AA- 0.26

NTPc Ltd. cRISIL - AAA 0.03

Sub Total 28.16


grand Total 100.00




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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 8.74 8.37 6.42 10,879 10,842 10,646Jul 31, 14 Last 3 Years 9.28 9.14 7.54 13,055 13,004 12,441Jul 31, 12 Last 5 Years 9.06 9.08 7.32 15,432 15,444 14,240Feb 06, 02 Since Inception 8.14 N.A. 5.98 33,589 N.A. 24,585

Returns greater than 1 year period are compounded annualized (cAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.



G-Sec, SdL 17.09cd/cP 2.28

credit Exposure 74.01cash, cash Equivalents and Net current Assets 6.62



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

l FunD MAnAgER ¥

Shobhit Mehrotra (since September 1, 07) Total Experience: Over 25 years


February 6, 2002


Regular Plan - Growth Option 33.5894Regular Plan - dividend Option 12.7446Regular Plan - Fortnightly dividend Option 10.5789direct Plan - Growth Option 34.3532direct Plan - dividend Option 12.8617direct Plan - Fortnightly dividend Option 10.6667



l quAnTiTATiVE DATA

Average Maturity * 3.67 yearsModified duration * 2.59 yearsYield to Maturity * 7.55%* computed on the invested amount.



l #BEncHMARK inDEX: cRISIL Short Term Bond Fund Index


l EXiT loAD

Nil

l PLANS & OPTIONS

Regular Plan, Direct Plan. Under both the Plans : Growth, Normal dividend & Fortnightly dividend. Both dividend Options offer Payout and Reinvestment facility.


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




Face Value per Unit: ` 10 unless otherwise specified, cd - certificate of deposit; cP - commercial Papers, Data is as of July 31, 2017 unless otherwise specified.

This product is suitable for investors who are seeking ~l Stable returns over short to medium term.l To maximize income while maintaining the optimum balance

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

Riskometer



PORTFOLIO


DEBT & DEBT RElATED












Sub Total 17.09


cD/cP

National Bank for Agriculture & Rural Development cRISIL - A1+ 2.28

Sub Total 2.28

cREDiT EXPoSuRE


• Tata Power co. Ltd. IcRA - AA- 4.74

• Vedanta Ltd. cRISIL - AA 4.32

• HPcL-Mittal Energy Limited FITcH - AA 3.97

• TATA International Ltd. cARE - A+ 3.80

• LIc Housing Finance Ltd. cRISIL - AAA 3.60

• Reliance Jio Infocomm Limited cRISIL - AAA 3.37

• Toyota Financial Services India Ltd cRISIL - AAA 2.77

Rural Electrification corporation Ltd. cRISIL - AAA 2.60

Indiabulls Housing Finance Ltd. cARE - AAA 2.45

HdFc Bank Ltd. cRISIL - AA+ 2.42

Bank of India cRISIL - A+ 2.40


Hindustan Petroleum corporation Ltd. cRISIL - AAA 2.39

Volkswagen Finance Private Limited FITcH - AAA 2.39


Nuvoco Vistas corporation Limited cRISIL - AA 2.39

Sundaram Finance Ltd. IcRA - AA+ 2.37

Syndicate Bank cARE - AA- 2.13

Andhra Pradesh Expressway Ltd. IcRA - AAA(SO) 1.33

IdBI Bank Ltd. cRISIL - BBB+ / IcRA - BBB- 1.24


Punjab National Bank cRISIL - AA 1.18

Tube Investments of India Ltd. cRISIL - AA 1.18

Prism cement Ltd. FITcH - A- 0.99

Andhra Bank cARE - AA- 0.98

Reliance Port and Terminal Ltd. cRISIL - AAA 0.96

Mandava Holdings Pvt Ltd (Axis capital Underwriting) IcRA - AAA 0.93

Sadbhav Infrastructure Project Ltd cARE - A+(SO) 0.89

Mahanagar Telephone Nigam Ltd. cARE - AAA(SO) 0.50

Aditya Birla Fashion and Retail Ltd. cRISIL - AA 0.48

Raymond Ltd. cRISIL - AA- 0.48

Mahindra & Mahindra Financial Services Ltd. FITcH - AAA 0.48

Power Finance corporation Ltd. cRISIL - AAA 0.02

Sub Total 74.01


grand Total 100.00




HDFC Regular Savings Fund (An open-ended income scheme)


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 8.84 8.37 6.42 10,889 10,842 10,646Jul 31, 14 Last 3 Years 9.76 9.14 7.54 13,228 13,004 12,441Jul 31, 12 Last 5 Years 9.34 9.08 7.32 15,632 15,444 14,240Feb 28, 02 Since Inception 8.11 N.A. 5.98 33,324 N.A. 24,488


cd/cP 5.18

credit Exposure 90.42



AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 25.66AA+ & Below 69.56Unrated 0.38cash, cash Equivalents and Net current Assets 4.40


l INVESTMENT OBjECTIVETo generate regular income through investment in Debt Securities and Money Market Instruments.

l FunD MAnAgER ¥

Anil Bamboli (since January 13, 04) Total Experience: Over 23 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 33.3238Regular Plan - dividend Option 12.8884Regular Plan - Monthly dividend Option 10.3733direct Plan - Growth Option 33.9471direct Plan - dividend Option 12.9318direct Plan - Monthly dividend Option 10.3410




l #BEncHMARK inDEX: cRISIL Short Term Bond Fund Indexl ##ADDl. BEncHMARK inDEX: cRISIL 1 year T-Bill Index


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


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

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


l PLANS & OPTIONSRegular Plan, Direct Plan. Under both the Plans : Growth, Monthly dividend option & Normal dividend. Both dividend options offer Payout and Reinvestment facilities.




Face Value per Unit: ` 10 unless otherwise specified, cd - certificate of deposit; cP - commercial Papers. Data is as of July 31, 2017 unless otherwise specified.

This product is suitable for investors who are seeking ~l Regular income over short to medium term.l Investment in debt and money market instruments with a

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

Riskometer



PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDMONEY MARKET INSTRUMENTScD/cP • Simplex Infrastructures Ltd. cARE - A1 3.02Steel Authority of India Ltd. cARE - A1+ 1.05ITd cementation India Ltd. cARE - A1 0.92Julius Baer capital (India) Private FITcH - A1+ 0.19Sub Total 5.18cREDiT EXPoSuRE • Housing development

Finance corporation Ltd.£ cRISIL - AAA 7.10• Vedanta Ltd. cRISIL - AA 6.71• Power Finance corporation Ltd. cRISIL - AAA 3.65• HPcL-Mittal Energy Limited FITcH - AA 3.62• Nuvoco Vistas corporation Ltd. cRISIL - AA 3.48• Sadbhav Infrastructure

Project Ltd cARE - A+(SO) 3.32• Adani Transmission Limited FITcH - AA+ 3.32• TMF Holdings Ltd. cRISIL - AA 3.09• Adani Power Ltd. (Secured by

Shares of Adani Port & SEZ Ltd.) cARE - AA-(SO) 3.07Trends in Vogue Private Limited IcRA - AAA(SO) 2.91National Bank for Agriculture & Rural Development cRISIL - AAA 2.72cholamandalam Investment and Finance company Ltd. cRISIL - AA / IcRA - AA 2.50Tata Motors Finance Ltd. cRISIL - AA 2.08EId Parry (India) Ltd. cRISIL - AA- 1.97Tata capital Financial Services Ltd. IcRA - AA+ 1.95Steel Authority of India Ltd. FITcH - AA 1.81Tata Sky Limited (Subsidiary of Tata Sons) cRISIL - A+ 1.77LIc Housing Finance Ltd. cRISIL - AAA 1.62Hinduja Leyland Finance Ltd cARE - AA- 1.50L&T Infrastructure Finance co. Ltd. IcRA - AA+ 1.47G R Infraprojects Limited cARE - AA- 1.47Prime Publishing Private Limited (Secured with shares of ZEE Entertainment Enterprise Ltd) BRIcKWORKS - AA-(SO) 1.32Peninsula Land Limited IcRA - A 1.28Mandava Holdings Pvt Ltd (Axis capital Underwriting) IcRA - AAA 1.15Raymond Ltd. cRISIL - AA- 1.02JM Financial Products Ltd. IcRA - AA 1.01Au Small Finance Bank Ltd. FITcH - A+ 1.00Tata Sons Ltd. cRISIL - AAA 0.99AASAN corporate Solutions Private Limited IcRA - A+(SO) 0.99L&T Finance Limited cARE - AA+ 0.97The Ramco cements Ltd. IcRA - AA+ 0.97HdB Financial Services Ltd. cARE - AAA 0.97Shriram Transport Finance co. Ltd.

cARE - AA+ / cRISIL - AA+ / FITcH - AA+ 0.94

GERA development Private Ltd. cARE - A+ 0.89

Issuer Rating % to NAVSimplex Infrastructures Ltd. cARE - A 0.88Rural Electrification corporation Ltd. cRISIL - AAA 0.79Aarti Industries Ltd. cRISIL - AA- 0.78Parry Sugars Refinery India Pvt Ltd.(corporate Guarantee by EId Parry) cRISIL - AA-(SO) 0.77Inox Air Products Ltd. cRISIL - AA 0.72KKR India Financial Services Pvt Ltd. cRISIL - AA 0.70Aditya Birla Fashion and Retail Ltd. cRISIL - AA 0.68Bhanu Vyapar Private Ltd.(Secured with shares of Emami Ltd.) FITcH - AA-(SO) 0.64IIFL Holdings Limited IcRA - AA 0.63Repco Home Finance Ltd cARE - AA 0.53Arm Infra & Utilities Private Ltd. BRIcKWORKS - A+(SO) 0.53Tata Realty and Infrastructure Ltd. cRISIL - AA 0.52Prism cement Ltd. FITcH - A- 0.51Prabhakar Viniyog Private Ltd. BRIcKWORKS - AA-(SO) 0.51National Highways Authority of India cRISIL - AAA 0.49century Textiles & Industries Ltd. cRISIL - AA- 0.49JM Financial credit Solutions Ltd FITcH - AA 0.49Indostar capital Finance Ltd. cARE - AA- 0.49Nabha Power Ltd. (corporate Guarantee of L&T Ltd.) IcRA - AAA(SO) 0.49daimler Fin Ser (I) Pvt Ltd. FITcH - AAA 0.49Forbes Technosys Ltd (corporate Guarantee of Forbes & co. Ltd., a Shapoorji & Pallonji Group co.) cRISIL - AA-(SO) 0.49Tata Power co. Ltd. IcRA - AA- 0.49ONGc Petro additions Ltd. (OPAL) cRISIL - AAA(SO) 0.47Sprit Textiles Private Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd & dish TV Ltd) Unrated 0.38APL Apollo Tubes Ltd. cARE - A+ 0.30Aavas Financiers Limited IcRA - A 0.30JM Financial Asset Reconstruction company Ltd. IcRA - AA- 0.23Tata Motors Ltd. cARE - AA+ 0.22Small Industries Development Bank of India cARE - AAA 0.20Astra Microwave Products Ltd. cRISIL - A+ 0.20BMW India Financial Services Pvt. Ltd. cRISIL - AAA 0.19Power Grid corporation of India Ltd. cRISIL - AAA 0.19Sub Total 90.42


grand Total 100.00




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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





Returns greater than 1 year period are compounded annualized (cAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 64.

SdL 8.75cd/cP 0.03credit Exposure 87.73cash, cash Equivalents and Net current Assets 3.49





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

l FunD MAnAgER ¥

Anil Bamboli (since June 25, 10) Total Experience: Over 23 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 18.4790Regular Plan - Fortnightly dividend Option 10.2306Regular Plan - Normal dividend Option 12.4247direct Plan - Growth Option 18.6040direct Plan - Fortnightly dividend Option 10.2908direct Plan - Normal dividend Option 12.4370






l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan: Growth, Fortnightly dividend & Normal dividend. Both dividend options offer Payout and Reinvestment facilities.



This product is suitable for investors who are seeking ~l Regular income over short to medium term.l Investment in debt and money market instruments and

government securities with maturities not exceeding 36 months.

Riskometer



PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDgOVERNMENT SECURITIES7.86 SdL 2019 Sovereign 2.158.39 SdL 2019 Sovereign 2.127.75 SdL 2018 Sovereign 1.319.20 SdL 2018 Sovereign 0.998.35 SdL 2018 Sovereign 0.978.39 SdL 2018 Sovereign 0.738.28 SdL 2018 Sovereign 0.248.46 SdL 2019 Sovereign 0.24Sub Total 8.75MONEY MARKET INSTRUMENTScD/cP Indiabulls Housing Finance Ltd. cRISIL - A1+ 0.03Sub Total 0.03cREDiT EXPoSuRE • National Bank for Agriculture

& Rural developmentcRISIL - AAA / FITcH - AAA 10.92


• Power Finance corporation Ltd. cRISIL - AAA 7.52• Rural Electrification

corporation Ltd. cRISIL - AAA 6.57• ONGc Petro additions

Limited (OPAL) cRISIL - AAA(SO) 5.67• Indiabulls Housing Finance Ltd. cARE - AAA 4.99• LIc Housing Finance Ltd. cARE - AAA / cRISIL

- AAA 4.41• Mahindra & Mahindra

Financial Services Ltd.cARE - AAA / FITcH - AAA 4.12

• Small Industries development Bank of India cARE - AAA 3.35

• Export - Import Bank of India cRISIL - AAA 2.85HdB Financial Services Ltd. cARE - AAA / cRISIL

- AAA 2.67L&T Finance Limited cARE - AA+ 2.50Reliance Jio Infocomm Limited cRISIL - AAA 2.28Tata capital Financial Services Ltd. IcRA - AA+ 1.93Kotak Mahindra Prime Ltd. cRISIL - AAA 1.64Power Grid corporation of India Ltd. cRISIL - AAA 1.50Nuvoco Vistas corporation Limited cRISIL - AA 1.22

Issuer Rating % to NAVcholamandalam Investment and Finance company Ltd. IcRA - AA 1.21Nabha Power Ltd(corporate Guarantee of L&T Ltd.) IcRA - AAA(SO) 1.17Hindustan Petroleum corporation Ltd. cRISIL - AAA 0.97Volkswagen Finance Private Limited FITcH - AAA 0.97Bajaj Finance Ltd. cRISIL - AAA / FITcH

- AAA 0.97Vedanta Ltd. cRISIL - AA 0.88daimler Fin Ser (I) Pvt Ltd. FITcH - AAA 0.73Mahindra Vehicle Manufacturers Ltd. IcRA - AAA 0.61IcIcI Home Finance Ltd. IcRA - AAA 0.59Tata Motors Finance Ltd. cRISIL - AA 0.57ONGc Mangalore Petrochemicals Ltd FITcH - AAA 0.49Sun Pharma Laboratories Limited IcRA - AAA 0.49Toyota Financial Services India Ltd cRISIL - AAA 0.49Talwandi Sabo Power Ltd. (corporate Guarantee of Vedanta Ltd.) cRISIL - AA(SO) 0.48canFin Homes Ltd cARE - AAA / IcRA

- AAA 0.46Tata Sons Ltd. cRISIL - AAA 0.43Indian Oil corporation Ltd. IcRA - AAA 0.30Aditya Birla Finance Ltd. IcRA - AA+ 0.30NTPc Ltd. cRISIL - AAA 0.29UltraTech cement Ltd. cRISIL - AAA 0.24L&T Infrastructure Finance co. Ltd. IcRA - AA+ 0.24KKR India Financial Services Pvt Ltd. cRISIL - AA 0.24National Housing Bank cRISIL - AAA 0.08Steel Authority of India Ltd. FITcH - AA 0.03Sub Total 87.73


grand Total 100.00




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

l FunD MAnAgER ¥

Anupam joshi (since October 27, 15) Total Experience: Over 11 years


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 18.7014Regular Plan - dividend Option 12.7197Regular Plan - Quarterly dividend Option 10.3777direct Plan - Growth Option 18.7783direct Plan - dividend Option 12.8873direct Plan - Quarterly dividend Option 10.4216




l #BEncHMARK inDEX: cRISIL composite Bond Fund Index


l EXiT loADNil

l PLANS & OPTIONSRegular Plan, Direct Plan. Under both the Plans: Growth, Quarterly dividend & Normal dividend. Both dividend options offer Payout and Reinvestment facilities.




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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





Returns greater than 1 year period are compounded annualized (cAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.

SdL 19.36cd/cP 0.43credit Exposure 77.18cash, cash Equivalents and Net current Assets 3.03



Sovereign 19.36AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 77.61cash, cash Equivalents and Net current Assets 3.03


This product is suitable for investors who are seeking ~l Regular income over medium to short term.l Investment in debt, money market instruments and

government securities with maturities not exceeding 60 months.

Riskometer



PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDgOVERNMENT SECURITIES• 8.15 SdL 2021 Sovereign 6.038.39 SdL 2021 Sovereign 2.558.76 SdL 2022 Sovereign 1.708.94 SdL 2022 Sovereign 1.298.39 SdL 2020 Sovereign 1.248.21 SdL 2021 Sovereign 1.018.54 SdL 2021 Sovereign 0.918.52 SdL 2021 Sovereign 0.768.43 SdL 2021 Sovereign 0.758.59 SdL 2021 Sovereign 0.728.51 SdL 2021 Sovereign 0.458.66 SdL 2022 Sovereign 0.368.38 SdL 2021 Sovereign 0.308.39 SdL 2022 Sovereign 0.257.86 SdL 2019 Sovereign 0.258.42 SdL 2021 Sovereign 0.208.21 SdL 2022 Sovereign 0.188.68 SdL 2021 Sovereign 0.168.64 SdL 2021 Sovereign 0.158.56 SdL 2021 Sovereign 0.108.21 SdL 2020 Sovereign 0.00Sub Total 19.36MONEY MARKET INSTRUMENTScD/cP canFin Homes Ltd IcRA - A1+ 0.43Sub Total 0.43cREDiT EXPoSuRE • Power Finance corporation Ltd. cARE - AAA / cRISIL

- AAA 11.49• Housing development

Finance corporation Ltd.£ cRISIL - AAA 11.07• LIc Housing Finance Ltd. cARE - AAA / cRISIL

- AAA 7.36

Issuer Rating % to NAV• ONGc Petro additions

Limited (OPAL) cRISIL - AAA(SO) 5.77• Bajaj Finance Ltd. cRISIL - AAA / FITcH

- AAA 5.02• Indiabulls Housing Finance Ltd. cARE - AAA 4.52• HdB Financial Services Ltd. cARE - AAA / cRISIL

- AAA 4.09• Mahindra & Mahindra

Financial Services Ltd. FITcH - AAA 4.06• National Highways Authority

of India cRISIL - AAA 3.99Export - Import Bank of India cRISIL - AAA 3.60Power Grid corporation of India Ltd. cRISIL - AAA 3.12NTPc Ltd. cRISIL - AAA / IcRA

- AAA 2.95Indian Railway Finance corporation Ltd. cRISIL - AAA 2.48Reliance Jio Infocomm Limited cRISIL - AAA 1.95National Bank for Agriculture & Rural Development cRISIL - AAA 1.82Tata Sons Ltd. cRISIL - AAA 1.46Rural Electrification corporation Ltd. cRISIL - AAA 1.09Food corporation of India cRISIL - AAA(SO) 0.86Kotak Mahindra Prime Ltd. cRISIL - AAA 0.24Reliance Industries Ltd. cRISIL - AAA 0.21IdFc Bank Ltd. IcRA - AAA 0.03Mahindra Vehicle Manufacturers Ltd. IcRA - AAA 0.00Sub Total 77.18


grand Total 100.00




l INVESTMENT OBjECTIVETo generate credit risk-free returns through investments in sovereign securities issued by the central Government and/or State Government.

l FunD MAnAgER ¥

Anil Bamboli (since September 1, 07) Total Experience: Over 23 years






l #BEncHMARK inDEX: I-Sec Si-Bex


l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under both the Plans: Growth & dividend Option (dividend Option offers dividend Payout and Reinvestment facility.




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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 8.18 7.85 6.42 10,823 10,789 10,646Jul 31, 14 Last 3 Years 9.52 8.68 7.54 13,140 12,839 12,441Jul 31, 12 Last 5 Years 8.80 8.46 7.32 15,247 15,010 14,240Jul 25, 01 Since Inception 6.64 N.A. 6.10 28,004 N.A. 25,830


G-Sec, SdL, T-bills 90.13cash, cash Equivalents and Net current Assets 9.87


Sovereign 90.13cash, cash Equivalents and Net current Assets 9.87




l credit risk free returns over short to medium term.l Investment in sovereign securities issued by central / State

Government with short to medium term maturities.

Riskometer



PORTFOLIO


DEBT & DEBT RElATED


• 8.35 GOI 2022 Sovereign 22.70

• 8.20 GOI 2022 Sovereign 15.02

• 7.68 GOI 2023 Sovereign 13.39





• 8.94 SdL 2022 Sovereign 1.51





Sub Total 85.89

T-BILLS

• dcMB (discounted cash Management Bills)

63 days- Mat 080817 Sovereign 4.24

Sub Total 4.24

Total 90.13


grand Total 100.00




l INVESTMENT OBjECTIVETo generate credit risk-free returns through investments in sovereign securities issued by the central Government and/or State Government.

l FunD MAnAgER ¥

Anil Bamboli (since September 1, 07) Total Experience: Over 23 years






l #BEncHMARK inDEX: I-Sec Li-Bex


l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under both the Plans: Growth & dividend Option (dividend Option offers dividend Payout and Reinvestment facility.




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



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 8.53 10.11 9.83 10,858 11,017 10,989Jul 31, 14 Last 3 Years 12.15 12.57 11.15 14,110 14,271 13,734Jul 31, 12 Last 5 Years 10.06 10.68 8.60 16,151 16,614 15,110Jul 25, 01 Since Inception 8.17 N.A. N.A. 35,193 N.A. N.A.


G-Sec, SdL 93.49cash, cash Equivalents and Net current Assets 6.51


Sovereign 93.49cash, cash Equivalents and Net current Assets 6.51



l credit risk free returns over medium to long term.l Investment in sovereign securities issued by central / State

Government with medium to long term maturities.

Riskometer



PORTFOLIO


DEBT & DEBT RElATED


• 8.32 GOI 2032 Sovereign 12.73

• 8.30 GOI 2040 Sovereign 11.26

• 6.79 GOI 2029 Sovereign 10.65

• 8.24 GOI 2033 Sovereign 10.58




























Sub Total 93.49


grand Total 100.00




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

l FunD MAnAgER ¥

Shobhit Mehrotra (since February 16, 04) Total Experience: Over 25 years

l incEPTion DATE (Date of Allotment)January 16, 2003

NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Retail OptionRegular Plan - Growth Option 28.1499Regular Plan - daily dividend Reinvestment Option 10.0809Regular Plan - Weekly dividend Option 10.1478Regular Plan - Monthly dividend Option 10.2202Wholesale OptionRegular Plan - Growth Option 28.9956Regular Plan - daily dividend Reinvestment Option 10.0809Regular Plan - Weekly dividend Option 10.1481Regular Plan - Monthly dividend Option 10.2222direct Plan - Growth Option 29.0996direct Plan - daily dividend Reinvestment Option 10.0809direct Plan - Weekly dividend Option 10.1484direct Plan - Monthly dividend Option 10.2236


l qUANTITATiVE DATAAverage Maturity * 339 daysModified duration * 283 daysYield to Maturity * 6.91%* computed on the invested amount.


l #BEncHMARK inDEX: cRISIL Liquid Fund Indexl ##ADDl. BEncHMARK inDEX: cRISIL 1 year T-Bill Index

l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under both the Plans: Growth & dividend Option. The dividend Option offers daily dividend Option (with Reinvestment facility only) and Weekly and Monthly dividend Option (with Payout and Reinvestment facility).

l MINIMUM APPLICATION AMOUNTPurchase : ` 10 lakh and any amount thereafter. Additional Purchase : ` 1 and any amount thereafter.


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



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





Returns greater than 1 year period are compounded annualized (cAGR). Since Inception returns are calculated on ` 13.1821 (allotment price). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 60.

SdL, T-bills 3.06cd/cP 31.12credit Exposure 64.16cash, cash Equivalents and Net current Assets 1.66




This product is suitable for investors who are seeking ~l Regular income over short term.l Investment in floating rate debt / money market instruments,

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

Riskometer



PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDgOVERNMENT SECURITIES8.39 SdL 2019 Sovereign 2.347.75 SdL 2018 Sovereign 0.258.21 SdL 2019 Sovereign 0.227.86 SdL 2019 Sovereign 0.168.50 SdL 2018 Sovereign 0.069.23 SdL 2022 Sovereign 0.03Sub Total 3.06T-BILLS91 days TBill - Mat 310817 Sovereign @Sub Total @MONEY MARKET INSTRUMENTScD/cP • Power Finance corporation Ltd. cARE - A1+ 6.69• Export - Import Bank of India cRISIL - A1+ 6.17• Steel Authority of India Ltd. cARE - A1+ 2.92• Axis Bank Ltd. cRISIL - A1+ 2.87Indusind Bank Ltd. cRISIL - A1+ 1.77Small Industries Development Bank of India cARE - A1+ 1.51National Bank for Agriculture & Rural Development cRISIL - A1+ 1.01Tata Motors Ltd. IcRA - A1+ 0.99L&T Finance Limited cARE - A1+ 0.91BMW India Financial Services Pvt. Ltd. cRISIL - A1+ 0.91PNB Housing Finance Ltd. cRISIL - A1+ 0.89Adani Transmission Limited FITcH - A1+ 0.74JM Financial Products Ltd. IcRA - A1+ 0.73Kotak Mahindra Investments Ltd. cRISIL - A1+ 0.61IcIcI Home Finance Ltd. IcRA - A1+ 0.60credit Suisse Finance (India) Pvt Ltd. cRISIL - A1+ 0.60Indostar capital Finance Ltd. cRISIL - A1+ 0.59Tata Housing Development company Ltd cARE - A1+ 0.31JM Financial Asset Reconstruction company Ltd. IcRA - A1+ 0.15Andhra Bank FITcH - A1+ 0.07corporation Bank cRISIL - A1+ 0.04Kotak Mahindra Bank Ltd. cRISIL - A1+ 0.03IcIcI Bank Ltd. cARE - A1+ 0.01Yes Bank Ltd. IcRA - A1+ 0.00Indiabulls Housing Finance Ltd. cRISIL - A1+ 0.00Sub Total 31.12cREDiT EXPoSuRE • Housing development

Finance corporation Ltd.£ cRISIL - AAA 10.77• National Bank for Agriculture

& Rural development cRISIL - AAA 7.09• ONGc Petro additions

Limited (OPAL) cRISIL - AAA(SO) 6.46• Indiabulls Housing Finance Ltd. cARE - AAA 4.12

Issuer Rating % to NAV• Power Finance corporation Ltd. cRISIL - AAA 3.86• LIc Housing Finance Ltd. cARE - AAA / cRISIL - AAA 3.79Rural Electrification corporation Ltd. cRISIL - AAA 2.42Tata Power co. Ltd. IcRA - AA- 2.01canara Bank cRISIL - AA 1.99Union Bank of India FITcH - AA 1.75Syndicate Bank cARE - AA- 1.61Adani Ports and Special Economic Zone Ltd. FITcH - AA+ 1.56Small Industries Development Bank of India

cARE - AAA / cRISIL - AAA 1.56

Kotak Mahindra Prime Ltd. cRISIL - AAA 1.34L&T Finance Limited cARE - AA+ 1.33Export - Import Bank of India cRISIL - AAA 1.11Indian Railway Finance corporation Ltd. cRISIL - AAA 1.04Shriram Transport Finance co. Ltd. FITcH - AA+ 0.96Volkswagen Finance Private Ltd. FITcH - AAA 0.93IdFc Bank Ltd. IcRA - AAA 0.77Hero Fincorp Ltd. IcRA - AA+ 0.75Vedanta Ltd. cRISIL - AA 0.70Reliance Jio Infocomm Limited cRISIL - AAA 0.63Gujarat Road and Infra co Ltd cARE - AAA(SO) 0.60HdB Financial Services Ltd. cARE - AAA 0.56Mahindra & Mahindra Financial Services Ltd. FITcH - AAA 0.53Axis Bank Ltd. cRISIL - AA+ 0.47Fullerton India credit company Ltd. cARE - AAA 0.39UltraTech cement Ltd. cRISIL - AAA 0.37Bharat Aluminium co. Ltd. cRISIL - AA- 0.33Aditya Birla Finance Ltd. IcRA - AA+ 0.31Nabha Power Ltd(corporate Guarantee of L&T Ltd.) IcRA - AAA(SO) 0.31cholamandalam Investment and Finance company Ltd. IcRA - AA 0.31Trends in Vogue Private Limited IcRA - AAA(SO) 0.31Bajaj Finance Ltd. cRISIL - AAA 0.22Larsen & Toubro Ltd. cRISIL - AAA 0.16ONGc Mangalore Petrochemicals Ltd FITcH - AAA 0.16Tata capital Financial Services Ltd. IcRA - AA+ 0.16Andhra Pradesh Expressway Ltd. IcRA - AAA(SO) 0.15IcIcI Bank Ltd. cRISIL - AAA 0.09Tata Motors Finance Ltd. cRISIL - AA 0.09Sundaram Finance Ltd. cRISIL - AA+ 0.06Power Grid corporation of India Ltd. cRISIL - AAA 0.03Sub Total 64.16


grand Total 100.00

• Top Ten Holdings, £ co-sponsor, @ Less than 0.01%

Outstanding exposure in derivative instruments interest Rate Swap (` in crore) 100.00




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

l FunD MAnAgER ¥

Shobhit Mehrotra (since February 16, 04) Total Experience: Over 25 years


January 16, 2003


Regular Plan - Growth Option 29.4857Regular Plan - Weekly dividend Option 10.1924Regular Plan - Normal dividend Option 12.1441direct Plan - Growth Option 29.5568direct Plan - Weekly dividend Option 10.5259direct Plan - Normal dividend Option 12.0637



l quAnTiTATiVE DATA



l #BEncHMARK inDEX: cRISIL Liquid Fund Index


l EXiT loAD

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



l PLANS & OPTIONS

Regular Plan, Direct Plan. Under both the Plans: Growth, Weekly dividend Reinvestment Option and Normal dividend Option (with Payout facility).


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




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

G-Sec 29.56cd/cP 13.05credit Exposure 53.00cash, cash Equivalents and Net current Assets 4.39


Sovereign 29.56AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 66.05cash, cash Equivalents and Net current Assets 4.39




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 7.79 6.79 6.42 10,784 10,683 10,646Jul 31, 14 Last 3 Years 8.66 7.78 7.54 12,833 12,522 12,441Jul 31, 12 Last 5 Years 8.83 8.23 7.32 15,272 14,855 14,240Jan 16, 03 Since Inception 7.71 6.83 5.93 29,455 26,134 23,133

Returns greater than 1 year period are compounded annualized (cAGR). Since Inception returns are calculated on ` 10.0104 (allotment price). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 60.

This product is suitable for investors who are seeking ~l Regular income over short to medium term.l Investment in floating rate debt / money market instruments,

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

Riskometer



PORTFOLIO Issuer Rating % to NAV

DEBT & DEBT RElATED












Sub Total 29.56


cD/cP

• Axis Bank Ltd. cRISIL - A1+ 5.91

• National Bank for Agriculture & Rural development cRISIL - A1+ 5.89


Hongkong & Shanghai Bank Ltd. FITcH - A1+ 1.25

Sub Total 13.05

cREDiT EXPoSuRE


• LIc Housing Finance Ltd. cARE - AAA / cRISIL - AAA 11.98

• National Housing Bank cRISIL - AAA 11.27


• Rural Electrification corporation Ltd. cRISIL - AAA 4.83


Sub Total 53.00


grand Total 100.00




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

l FunD MAnAgER ¥


l incEPTion DATE (Date of Allotment)October 17, 2000

l NAV (AS ON jULY 31, 2017)^̂ NAV PER UNIT (`)HDFc liquid FundRegular Plan - Growth Option 3,268.3309Regular Plan - daily dividend Reinvestment Option 1,019.8200Regular Plan - Weekly dividend Option 1,032.2392Regular Plan - Monthly dividend Option 1,032.4175direct Plan - Growth Option 3,278.9055direct Plan - daily dividend Reinvestment Option 1,019.8200direct Plan - Weekly dividend Option 1,032.2586direct Plan - Monthly dividend Option 1,032.5090HDFc liquid Fund - Premium PlanRegular Plan - Growth Option 3,330.0913Regular Plan - daily dividend Reinvestment Option 1,225.9800


l quAnTiTATiVE DATAAverage Maturity * 42 daysModified duration * 39 daysYield to Maturity * 6.32%* computed on the invested amount.



l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Under both the Plans: Growth & dividend Option. The dividend Option offers daily dividend Option (Reinvestment facility only) and Weekly and Monthly dividend Option (with Payout and Reinvestment facility).

l MINIMUM APPLICATION AMOUNTPurchase : Under Growth Option, Weekly dividend Option and Monthly dividend Option: ̀ 5,000 and any amount thereafter. Under daily dividend Option: ` 10,000 and any amount thereafter.Additional Purchase : Under Growth Option, Weekly dividend Option and Monthly dividend Option: ` 1,000 and any amount thereafter. Under daily dividend Option: ` 5,000 and any amount thereafter.

l REDEMPTion PRocEEDSNormally despatched within 1 Business day.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years).^̂ calculated on all calendar days.

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



Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 24, 17 Last 7 days 0.12 0.12 0.11 10,012 10,012 10,011Jul 16, 17 Last 15 days 0.26 0.28 0.27 10,026 10,028 10,027Jun 30, 17 Last 1 Month 0.54 0.57 0.56 10,054 10,057 10,056Jul 31, 16 Last 1 Year 6.74 6.79 6.42 10,674 10,679 10,642Jul 31, 14 Last 3 Years 7.83 7.78 7.54 12,542 12,522 12,441Jul 31, 12 Last 5 Years 8.37 8.23 7.32 14,952 14,855 14,240Oct 17, 00 Since Inception 7.30 N.A. 6.37 32,683 N.A. 28,202

Returns greater than 1 year period are compounded annualized (cAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.

SdL, T-bills 31.09cd/cP 67.52credit Exposure 6.35cash, cash Equivalents and Net current Assets -4.96


Sovereign 31.09AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 72.86AA+ & Below 1.01




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

Riskometer

Investors understand that their principal will be at low risk


PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDgOVERNMENT SECURITIES8.75 SdL 2017 Sovereign 0.09Sub Total 0.09T-BILLS• 91 days TBill - Mat 051017 Sovereign 8.09• 91 days TBill - Mat 170817 Sovereign 7.45• 91 days Tbill - Mat 121017 Sovereign 6.52• 91 days TBill - Mat 210917 Sovereign 6.4391 days TBill - Mat 140917 Sovereign 1.24dcMB (discounted cash Management Bills) 80 days - Mat 180917 Sovereign 0.88182 days TBill - Mat 240817 Sovereign 0.1891 days TBill - Mat 280917 Sovereign 0.1191 days TBill - Mat 310817 Sovereign 0.09dcMB (discounted cash Management Bills) 77 days- Mat 160817 Sovereign 0.01364 days T-Bill - Mat 300317 Sovereign 0.00Sub Total 31.00MONEY MARKET INSTRUMENTScD/cP • Hindustan Zinc Ltd. cRISIL - A1+ 6.72• Vedanta Ltd. cRISIL - A1+ 5.47• Bajaj Finance Ltd. cRISIL - A1+ 4.95• Aditya Birla Finance Ltd. IcRA - A1+ 4.64• National Bank for Agriculture

& Rural development cRISIL - A1+ 3.98• Shriram Transport Finance

co. Ltd. cRISIL - A1+ 3.52PNB Housing Finance Ltd. cARE-A1+ / cRISIL-A1+ 2.88IdFc Bank Ltd. cRISIL - A1+ 2.49Tata Power co. Ltd. IcRA - A1+ 2.48Export - Import Bank of India cRISIL - A1+ 2.12Axis Finance Limited FITcH - A1+ 1.78Tata Steel Ltd. FITcH - A1+ 1.71ONGc Mangalore Petrochemicals Ltd IcRA - A1+ 1.51Kotak Mahindra Bank Ltd. cRISIL - A1+ 1.51TATA capital Housing Finance Ltd. cRISIL - A1+ 1.46Small Industries Development Bank of India cARE - A1+ 1.42India infoline Finance Ltd. IcRA - A1+ 1.30Indusind Bank Ltd. cRISIL - A1+ 1.24Adani Ports and Special Economic Zone Ltd. IcRA - A1+ 1.06The South Indian Bank Ltd. IcRA - A1+ 0.89Aditya Birla Housing Finance Ltd IcRA - A1+ 0.89Sundaram BNP Paribas Home Finance Ltd. IcRA - A1+ 0.88LIc Housing Finance Ltd. cRISIL - A1+ 0.71Tata Housing Development company Ltd cARE - A1+ 0.70Mahindra & Mahindra Financial Services Ltd. cRISIL - A1+ 0.71cESc Ltd. cARE - A1+ 0.71

Issuer Rating % to NAVShriram city Union Finance Ltd. cARE - A1+ 0.69Indostar capital Finance Ltd. cRISIL - A1+ 0.64Indiabulls Housing Finance Ltd. cRISIL - A1+ 0.62canFin Homes Ltd IcRA - A1+ 0.53Hero Fincorp Ltd. c R I S I L - A 1 + 0.53GIc Housing Finance Ltd. cRISIL-A1+ / IcRA-A1+ 0.54TMF Holdings Ltd. cARE-A1+ / IcRA-A1+ 0.52India Infoline Housing Finance Ltd. IcRA - A1+ 0.42Sundaram Finance Ltd. cRISIL - A1+ 0.37Aditya Birla Fashion and Retail Ltd. IcRA - A1+ 0.36Power Finance corporation Ltd. cARE - A1+ 0.35Piramal Enterprises Ltd. IcRA - A1+ 0.35coromandel International Ltd. cRISIL - A1+ 0.35Fullerton India creditcompany Ltd. IcRA - A1+ 0.35Tata Motors Finance Ltd. IcRA - A1+ 0.35Hinduja Leyland Finance Ltd FITcH - A1+ 0.35Julius Baer capital (India) Private FITcH - A1+ 0.32Motilal Oswal Financial Services Ltd. cRISIL - A1+ 0.28Kotak Mahindra Investments Ltd. cRISIL - A1+ 0.28Kotak Securities Ltd. cRISIL - A1+ 0.27Turquoise Investments & Finance Pvt Ltd. cRISIL - A1+ 0.18JM Financial Products Ltd. IcRA - A1+ 0.18IcIcI Bank Ltd. cARE - A1+ 0.18Indian Railway Finance corporation Ltd. cRISIL - A1+ 0.18Kotak Mahindra Prime Ltd. cRISIL - A1+ 0.18credit Suisse AG cRISIL - A1+ 0.17Godrej consumer Products Ltd. IcRA - A1+ 0.16Reliance Industries Ltd. IcRA - A1+ 0.09Sub Total 67.52cREDiT EXPoSuRE Power Finance corporation Ltd. cRISIL - AAA 2.22National Bank for Agriculture & Rural Development cRISIL - AAA 1.02Rural Electrification corporation Ltd. cRISIL - AAA 0.80Tata capital Financial Services Ltd. IcRA - AA+ 0.54Mahindra & Mahindra Financial Services Ltd. FITcH - AAA 0.45L&T Finance Limited cARE - AA+ 0.43Housing development Finance corporation Ltd.£ cRISIL - AAA 0.42Tata Sons Ltd. cRISIL - AAA 0.18BMW India Financial Services Pvt. Ltd. cRISIL - AAA 0.14HdB Financial Services Ltd. cARE - AAA 0.11Tube Investments of India Ltd. cRISIL - AA 0.04Sub Total 6.35cash, cash Equivalents and Net current Assets -4.96

grand Total 100.00




l INVESTMENT OBjECTIVETo generate optimal returns while maintaining safety and high liquidity.

l FunD MAnAgER ¥

Anil Bamboli (since July 25, 12) Total Experience: Over 23 years

l incEPTion DATE (Date of Allotment)November 18, 1999

l NAV (AS ON jULY 31, 2017)^̂ NAV PER UNIT (`)Regular Plan - Growth Option 3,451.2167Regular Plan - daily dividend Reinvestment Option 1,063.6400Regular Plan - Weekly dividend Option 1,063.0055direct Plan - Growth Option 3,470.5092direct Plan - daily dividend Reinvestment Option 1,063.6400direct Plan - Weekly dividend Option 1,063.0229


l quAnTiTATiVE DATAAverage Maturity * 42 daysModified duration * 39 daysYield to Maturity * 6.40%* computed on the invested amount.


l #BEncHMARK inDEX: cRISIL Liquid Fund Index


l EXiT loADNil

l PLANS & OPTIONSRegular Plan, direct Plan. Each Plan offers Growth and daily dividend Option (with Reinvestment facility only). Weekly dividend Option (with Payout and Reinvestment facility).

l MINIMUM APPLICATION AMOUNTPurchase : Under Growth Option and Weekly dividend Option : ` 5,000 and any amount thereafter. Under Daily Dividend Option : ` 10,000 and any amount thereafter

Additional Purchase : Under Growth Option and Weekly dividend Option : ̀ 1,000 and any amount thereafter. Under daily dividend Option : ` 5,000 and any amount thereafter

l REDEMPTion PRocEEDSNormally despatched within 1 Business day.

¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years).^^ calculated on all calendar days.

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


Returns (%) $$

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 24, 17 Last 7 days 0.12 0.12 0.11 10,012 10,012 10,011Jul 16, 17 Last 15 days 0.26 0.28 0.27 10,026 10,028 10,027Jun 30, 17 Last 1 Month 0.54 0.57 0.56 10,054 10,057 10,056Jul 31, 16 Last 1 Year 6.65 6.79 6.42 10,665 10,679 10,642Jul 31, 14 Last 3 Years 7.76 7.78 7.54 12,514 12,522 12,441Jul 31, 12 Last 5 Years 8.31 8.23 7.32 14,909 14,855 14,240Nov 18, 99 Since Inception 7.26 N.A. 6.47 34,631 N.A. 30,351

Returns greater than 1 year period are compounded annualized (cAGR). $$ All dividends declared prior to the splitting of the Scheme into dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 65.


T-bills 25.13cd/cP 80.22credit Exposure 12.14cash, cash Equivalents and Net current Assets -17.49


Sovereign 25.13AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 85.50AA+ & Below 6.86cash, cash Equivalents and Net current Assets -17.49



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

maturity of upto 91 days only.

Riskometer

Investors understand that their principal will be at low risk


PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDgOVERNMENT SECURITIEST-BILLS • 91 days TBill - Mat 210917 Sovereign 13.18• 91 days TBill - Mat 310817 Sovereign 5.58• dcMB (discounted cash

Management Bills) 80 days- Mat 180917 Sovereign 3.66

91 days TBill - Mat 051017 Sovereign 2.5691 days TBill - Mat 140917 Sovereign 0.15182 days T-Bill - Mat 130314 Sovereign 0.00Sub Total 25.13MONEY MARKET INSTRUMENTScD/cP • National Bank for Agriculture

& Rural development cRISIL - A1+ 10.25• Kotak Mahindra Bank Ltd. cRISIL - A1+ 4.64• Kotak Mahindra Prime Ltd. cRISIL - A1+ 4.30• Vedanta Ltd. cRISIL - A1+ 3.68• Reliance Industries Ltd. IcRA - A1+ 3.66• Steel Authority of India Ltd. cARE - A1+ 3.64TMF Holdings Ltd. IcRA - A1+ 3.39GIc Housing Finance Ltd. IcRA - A1+ 3.30L&T Finance Limited cARE - A1+ 3.29Tata Steel Ltd. FITcH - A1+ 3.01YES Bank Ltd. IcRA - A1+ 2.95Shriram city Union Finance Ltd. cARE - A1+ 2.92Haldia Energy Ltd. cARE - A1+ 2.92RBL Bank Ltd. cRISIL - A1+ 2.20Indiabulls Housing Finance Ltd. cRISIL - A1+ 2.20Aditya Birla Housing Finance Ltd IcRA - A1+ 1.82Sundaram BNP Paribas Home Finance Ltd. IcRA - A1+ 1.47Reliance Jio Infocomm Limited cARE - A1+ 1.47Trapti Trading & Investments Pvt Ltd.

cRISIL - A1+ / IcRA - A1+ 1.47

PNB Housing Finance Ltd. cARE - A1+ 1.46IcIcI Securities Primary dealership Ltd. cRISIL - A1+ 1.46Bharat Aluminium co. Ltd. cRISIL - A1+(SO) 1.33Motilal Oswal Financial Services Ltd. cRISIL - A1+ 1.33

Issuer Rating % to NAVTATA capital Housing Finance Ltd. cRISIL - A1+ 1.24Ford credit India Pvt Ltd FITcH - A1+ 1.11Godrej consumer Products Ltd. IcRA - A1+ 1.11TGS Investment And Trade Pvt Ltd. IcRA - A1+ 1.10JM Financial Products Ltd. IcRA - A1+ 1.02Tata Housing Development company Ltd cARE - A1+ 0.89Repco Home Finance Ltd IcRA - A1+ 0.74JM Financial Asset Reconstruction company Ltd. IcRA - A1+ 0.74IcIcI Bank Ltd. cARE - A1+ 0.74IcIcI Home Finance Ltd. IcRA - A1+ 0.73Power Finance corporation Ltd. cARE - A1+ 0.73APL Apollo Tubes Ltd. cARE - A1+ 0.73Fedbank Financial Services Ltd. cRISIL - A1+ 0.37Turquoise Investments & Finance Pvt Ltd. cRISIL - A1+ 0.37Birla TMT Holdings Private Ltd. cRISIL - A1+ 0.37canFin Homes Ltd IcRA - A1+ 0.07Sub Total 80.22cREDiT EXPoSuRE • Tata capital Financial

Services Ltd.cRISIL - AA+ / IcRA - AA+ 3.77

Power Finance corporation Ltd. cRISIL - AAA 1.87L&T Finance Limited cARE - AA+ 1.85credila Financial Services Pvt. Ltd. cARE - AAA 1.11LIc Housing Finance Ltd. cRISIL - AAA 1.04Rural Electrification corporation Ltd. cRISIL - AAA 0.89Talwandi Sabo Power Ltd. (corporate Guarantee of Vedanta Ltd.) cRISIL - AA(SO) 0.81Housing development Finance corporation Ltd.£ cRISIL - AAA 0.37Adani Ports and Special Economic Zone Ltd. IcRA - AA+ 0.30Shriram Transport Finance co. Ltd. cRISIL - AA+ 0.13Sub Total 12.14


grand Total 100.00




l INVESTMENT OBjECTIVETo generate regular income through investment in debt securities and money market instruments.

l FunD MAnAgER ¥


l incEPTion DATE (Date of Allotment)November 18, 1999

l NAV (AS ON jULY 31, 2017)^^ NAV PER UNIT (`)Retail OptionRegular Plan - Growth Option 35.2380Regular Plan - daily dividend Reinvestment Option 10.1428Regular Plan - Weekly dividend Option 10.1695Regular Plan - Monthly dividend Option 10.2167direct Plan - Growth Option 36.4143direct Plan - daily dividend Reinvestment Option 10.0655direct Plan - Weekly dividend Option 10.2003direct Plan - Monthly dividend Option 10.2253Wholesale OptionRegular Plan - Growth Option 37.0598Regular Plan - daily dividend Reinvestment Option 10.1574Regular Plan - Weekly dividend Option 10.1721Regular Plan - Monthly dividend Option 10.2425





l EXiT loADNil

l PLANS & OPTIONSRegular Plan, Direct Plan. Retail option: Each Plan offers Growth and dividend Option. dividend Option offers daily dividend Option with Reinvestment facility only and Weekly and Monthly dividend Option with Payout and Reinvestment facility.

l MINIMUM APPLICATION AMOUNTRetail option : Growth, Weekly and Monthly dividend Option: Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ̀ 1,000 and any amount thereafter. Daily Dividend Option : Purchase : ` 10,000 and any amount thereafter. Additional Purchase : ` 5,000 and any amount thereafter.

l REDEMPTion PRocEEDSNormally despatched within 3-4 Business days.¥ dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years).^^ calculated on all calendar days.

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


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 7.78 6.79 6.42 10,782 10,683 10,646Jul 31, 14 Last 3 Years 7.99 7.78 7.54 12,597 12,522 12,441Jul 31, 12 Last 5 Years 8.10 8.23 7.32 14,766 14,855 14,240Nov 18, 99 Since Inception 7.37 N.A. 6.47 35,238 N.A. 30,351

Returns greater than 1 year period are compounded annualized (cAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 63.


G-Sec, SdL 2.49cd/cP 23.87credit Exposure 71.13cash, cash Equivalents and Net current Assets 2.51





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

Riskometer



PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDgOVERNMENT SECURITIES7.35 GOI 2024 Sovereign 1.867.86 SdL 2019 Sovereign 0.337.75 SdL 2018 Sovereign 0.178.47 SdL 2017 Sovereign 0.136.84 GOI 2022 Sovereign 0.00Sub Total 2.49MONEY MARKET INSTRUMENTScD/cP • Power Finance corporation Ltd. cARE - A1+ 6.01• Export - Import Bank of India cRISIL - A1+ 3.19• PNB Housing Finance Ltd. cARE-A1+ / cRISIL-A1+ 2.69• credit Suisse AG cRISIL - A1+ 1.92canFin Homes Ltd IcRA - A1+ 1.26Adani Ports and Special Economic Zone Ltd. IcRA - A1+ 1.26Indusind Bank Ltd. cRISIL - A1+ 1.25Kotak Mahindra Prime Ltd. cRISIL - A1+ 1.11Vedanta Ltd. cRISIL - A1+ 1.00National Bank for Agriculture & Rural Development cRISIL - A1+ 0.98Kotak Mahindra Investments Ltd. cRISIL - A1+ 0.77Steel Authority of India Ltd. cARE - A1+ 0.74ScB Inv & Loan (I) Ltd cRISIL - A1+ 0.45Axis Bank Ltd. cRISIL - A1+ 0.35IcIcI Home Finance Ltd. IcRA - A1+ 0.32Fedbank Financial Services Ltd. cRISIL - A1+ 0.26JM Financial Products Ltd. IcRA - A1+ 0.16Bharat Aluminium co. Ltd. cRISIL - A1+(SO) 0.07Tata Steel Ltd. FITcH - A1+ 0.03Yes Bank Ltd. IcRA - A1+ 0.02corporation Bank cRISIL - A1+ 0.01Andhra Bank FITcH - A1+ 0.01Kotak Mahindra Bank Ltd. cRISIL - A1+ 0.01Sub Total 23.87cREDiT EXPoSuRE • Housing development

Finance corporation Ltd.£ cRISIL - AAA 8.31• National Bank for Agriculture

& Rural development cRISIL - AAA 5.23• ONGc Petro additions Ltd. (OPAL) cRISIL - AAA(SO) 4.72• Power Finance corporation Ltd. cRISIL - AAA 4.42• Indiabulls Housing Finance Ltd. cARE - AAA 3.96• Nuvoco Vistas corporation Ltd. cRISIL - AA 2.25Petronet LNG Ltd. cRISIL - AA+ 2.17Tata Power co. Ltd. IcRA - AA- 2.02Vedanta Ltd. cRISIL - AA 2.02State Bank of India cRISIL - AA+, AAA 1.92Rural Electrification corporation Ltd. cRISIL - AAA 1.81canara Bank cRISIL - AA 1.78LIc Housing Finance Ltd. cARE-AAA / cRISIL-AAA 1.70Reliance Jio Infocomm Ltd. cRISIL - AAA 1.69

Issuer Rating % to NAVRepco Home Finance Ltd cARE-AA / IcRA-AA- 1.68Adani Ports and Special Economic Zone Ltd. FITcH - AA+ 1.67Steel Authority of India Ltd. FITcH - AA 1.50L&T Finance Limited cARE-AA+ / IcRA-AA+ 1.47Piramal Enterprises Ltd. IcRA - AA 1.44Union Bank of India FITcH - AA 1.40ONGc Mangalore Petrochemicals Ltd FITcH - AAA 1.32India Infoline Housing Finance Ltd. IcRA - AA 1.24Syndicate Bank cARE - AA- 1.15Volkswagen Finance Private Ltd. FITcH - AAA 1.12HPcL-Mittal Energy Limited FITcH - AA 1.01Export - Import Bank of India cRISIL - AAA 1.01Sundaram Finance Ltd. IcRA - AA+ 0.99Punjab National Bank cRISIL - AA 0.98Adani Transmission Limited FITcH - AA+ 0.86Shriram Transport Finance co. Ltd. FITcH - AA+ 0.68Axis Bank Ltd. cRISIL - AA+ 0.66Shriram Housing Finance Ltd. cARE - AA+ 0.66Raymond Ltd. cRISIL - AA- 0.63Raviraj Viniyog Private Ltd BRIcKWORKS - AA-(SO) 0.51cholamandalam Investment and Finance company Ltd. IcRA - AA 0.50KKR India Financial Services Pvt Lt cRISIL - AA 0.48National Housing Bank cRISIL - AAA 0.47Tube Investments of India Ltd. cRISIL - AA 0.47Power Grid corporation of India Ltd. cRISIL - AAA 0.47Tata Motors Finance Ltd. cRISIL - AA 0.39Bajaj Finance Ltd. FITcH - AAA 0.33Talwandi Sabo Power Ltd. (corporate Guarantee of Vedanta Ltd.) cRISIL - AA(SO) 0.33Tata capital Financial Services Ltd. cRISIL - AA+ 0.33The Ramco cements Ltd. IcRA - AA+ 0.33Adani Power Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) cARE - AA-(SO) 0.28Larsen & Toubro Ltd. cRISIL - AAA 0.23Aditya Birla Nuvo Ltd. IcRA - AA+ 0.17Kotak Mahindra Prime Ltd. cRISIL - AAA 0.16HdB Financial Services Ltd. cARE - AAA 0.09Small Industries Development Bank of India cARE - AAA 0.07Indian Railway Finance corporation Ltd. cRISIL - AAA 0.04Nabha Power Ltd. (corporate Guarantee of L&T Ltd.) IcRA - AAA(SO) 0.01Sub Total 71.13cash, cash Equivalents and Net current Assets 2.51

grand Total 100.00


Outstanding exposure in derivative instruments interest Rate Swap (` in crore) 100.00



l INVESTMENT OBjECTIVETo generate regular income and capital appreciation by investing predominantly in corporate debt.

l FunD MAnAgER ¥

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


NAV (AS ON jULY 31, 2017) NAV PER UNIT (`)Regular Plan - Growth Option 13.9638Regular Plan - dividend Option 12.8575Regular Plan - Half-yearly dividend Option 10.8145direct Plan - Growth Option 14.3866direct Plan - dividend Option 12.6111direct Plan - Half-yearly dividend Option 10.8505




l #BEncHMARK inDEX: cRISIL Short Term Bond Fund Indexl ##ADDl. BEncHMARK inDEX: cRISIL 10 year Gilt Index


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


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

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

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

l No Exit Load is payable if Units are redeemed / switchedout after 36 months from the date of allotment.


l PLANS & OPTIONSRegular Plan, direct Plan. Under Each Plan: Growth, Half Yearly dividend and Normal dividend. Both dividend options offers Payout and Reinvestment facilities.



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

HDFC Corporate Debt Opportunities Fund

cd/cP 3.33credit Exposure 93.08cash, cash Equivalents and Net current Assets 3.59


AAA/AAA(SO)/A1+/A1+ (SO) & Equivalent 27.41AA+ & Below 67.92Unrated 1.08cash, cash Equivalents and Net current Assets 3.59




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##




(`)##Jul 29, 16 Last 1 Year 9.48 8.37 9.83 10,953 10,842 10,989Jul 31, 14 Last 3 Years 10.31 9.14 11.15 13,428 13,004 13,734Mar 25, 14 Since Inception 10.47 9.25 11.04 13,964 13,454 14,206

The above returns are for Regular Plan - Growth Option. Returns greater than 1 year period are compounded annualized (cAGR). The Scheme is in existence for more than 1 year but less than 3 years. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 60.


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

investing predominantly in corporate debt.

Riskometer



PORTFOLIO Issuer Rating % to NAVDEBT & DEBT RElATEDMONEY MARKET INSTRUMENTScD/cP canFin Homes Ltd IcRA - A1+ 1.15National Bank for Agriculture & Rural Development cRISIL - A1+ 0.78ITd cementation India Ltd. cARE - A1 0.76Simplex Infrastructures Ltd. cARE - A1 0.64Sub Total 3.33cREDiT EXPoSuRE • TATA International Ltd. cARE - A+ 5.17• Bank of India cRISIL - A+ 4.57• HPcL-Mittal Energy Limited FITcH - AA 4.28• Rural Electrification

corporation Ltd.cARE - AAA / cRISIL - AAA 4.25

• Tata Power co. Ltd. cRISIL - AA- 3.91• Vedanta Ltd. cRISIL - AA 2.92• Tata Steel Ltd. cARE - AA, AA- 2.86• Housing development

Finance corporation Ltd.£ cRISIL - AAA 2.85• Punjab National Bank cRISIL - AA / FITcH - AA+ 2.82• Reliance Port and Terminal Ltd. cRISIL - AAA 2.66Adani Transmission Limited FITcH - AA+ 2.52Reliance Jio Infocomm Limited cRISIL - AAA 2.37HdFc Bank Ltd. cRISIL - AA+ 2.34National Highways Authority of India cRISIL - AAA 2.02Nuvoco Vistas corporation Ltd. cRISIL - AA 2.01Indian Railway Finance corporation Ltd. cRISIL - AAA 1.85IdBI Bank Ltd. IcRA - BBB- 1.69Power Grid corporation of India Ltd. cRISIL - AAA 1.54Tata Sky Limited (Subsidiary of Tata Sons) cRISIL - A+ 1.53HPcL-Mittal Pipelines Limited FITcH - AA 1.44Hinduja Leyland Finance Ltd cARE - AA- 1.42Aspire Home Finance corporation Ltd. (Subsidiary of Motilal Oswal)

cRISIL - A+ / IcRA - AA- 1.34

Adani Power Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) cARE - AA-(SO) 1.23Export - Import Bank of India cRISIL - AAA 1.22Oriental Bank of commerce IcRA - A 1.14Hindalco Industries Ltd. cRISIL - AA 1.13Sprit Textiles Private Limited (Secured with shares of ZEE Entertainment Enterprise Ltd & dish TV Ltd) Unrated 1.08Bharat Petroleum corporation Ltd. cRISIL - AAA 1.06Raj Infra Properties Pvt. Ltd. (Secured with shares of Emami Ltd.) BRIcKWORKS - AA-(SO) 1.06Peninsula Land Limited IcRA - A 0.99Power Finance corporation Ltd. cRISIL - AAA 0.94GERA development Private Ltd. cARE - A+ 0.92Au Small Finance Bank Ltd. FITcH - A+ 0.91NTPc Ltd. cRISIL-AAA / IcRA-AAA 0.90Mahanagar Telephone Nigam Ltd.

cARE - AAA(SO) / cRISIL - AAA(SO) 0.87

KEc International Ltd. IcRA - A+ 0.87Simplex Infrastructures Ltd. cARE - A 0.86Axis Bank Ltd. cRISIL - AA+ 0.81Union Bank of India FITcH - AA 0.80Sadbhav Infrastructure Project Ltd cARE - A+(SO) 0.80Prime Publishing Private Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd)

BRIcKWORKS - A+(SO), AA-(SO) 0.75

Prabhakar Viniyog Private Ltd. BRIcKWORKS - AA-(SO) / FITcH - AA-(SO) 0.75

Issuer Rating % to NAVAASAN corporate Solutions Private Limited IcRA - A+(SO) 0.74Reliance Utilities & Power Pvt. Ltd. cRISIL - AAA 0.69JM Financial Asset Reconstruction company Ltd. IcRA - AA- 0.66Tata Realty and Infrastructure Ltd. cRISIL - AA 0.65Nuclear Power corporation Of India Ltd. cRISIL - AAA 0.65Sadbhav Engineering Ltd. cARE - A+ 0.65Aarti Industries Ltd. cRISIL - AA- 0.63Andhra Pradesh Expressway Ltd. IcRA - AAA(SO) 0.62Infiniti Retail Ltd. (Subsidiary of Tata Sons) cARE - A+ 0.61Inox Air Products Ltd. cRISIL - AA 0.57KKR India Financial Services Pvt Ltd. cRISIL - AA 0.54Piramal Enterprises Ltd. IcRA - AA 0.53Mandava Holdings Pvt Ltd (Axis capital Underwriting) IcRA - AAA 0.48APL Apollo Tubes Ltd. cARE - A+ 0.45JM Financial credit Solutions Ltd FITcH - AA 0.41Indostar capital Finance Ltd. cARE - AA- 0.41Starlite Lighting Ltd (corporate Guarnatee of Bajaj Electrical Ltd) IcRA - A+(SO) 0.41Raviraj Viniyog Private Ltd BRIcKWORKS - AA-(SO) 0.41Bharat Financial Inclusion Ltd. cARE - A+ 0.40Hypercity Retail (India) Limited (corporate Guarnatee Of Shopper Stop Ltd) cARE - A(SO) 0.40Janalakshmi Financial Ser Pvt. Ltd. IcRA - A 0.40EcL Finance Ltd. cARE - AA 0.39India infoline Finance Ltd. IcRA - AA 0.36Food corporation of India cRISIL - AAA(SO) 0.36G R Infraprojects Limited cARE - AA- 0.35Astra Microwave Products Ltd. cRISIL - A+ 0.33Magma Housing Finance cARE - AA- 0.33cholamandalam Investment and Finance company Ltd. cRISIL - AA 0.31Tata Housing Development company Ltd IcRA - AA 0.26IIFL Holdings Limited IcRA - AA 0.26Syndicate Bank cARE - AA- 0.21Diwakar Viniyog Private Limited(Secured with shares of Emami Ltd.) BRIcKWORKS - AA-(SO) 0.21Repco Home Finance Ltd cARE - AA 0.20Aditya Birla Fashion and Retail Ltd. cRISIL - AA 0.17TMF Holdings Ltd. cRISIL - AA 0.16Volkswagen Finance Private Limited FITcH - AAA 0.15century Textiles & Industries Ltd. cRISIL - AA- 0.10India Infoline Housing Finance Ltd. cRISIL - AA 0.08Petronet LNG Ltd. cRISIL - AA+ 0.08Sundaram BNP Paribas Home Finance Ltd. IcRA - AA+ 0.01National Bank for Agriculture & Rural Development cRISIL - AAA 0.00Toyota Financial Services India Ltd cRISIL - AAA 0.00Sub Total 93.08cash, cash Equivalents and Net current Assets 3.59grand Total 100.00• Top Ten Holdings, £ co-sponsor




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

l FunD MAnAgER ¥

Anil Bamboli (since Mar 26, 14)

Total Experience: Over 23 years


March 26, 2014





l quAnTiTATiVE DATA





l EXiT loAD

Nil

l PLANS & OPTIONS

Regular Plan, direct Plan. Under Each Plan: Growth & dividend. The dividend Option offers dividend Payout and Reinvestment facility.


Purchase : ` 5,000 and any amount thereafter.




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


credit Exposure 96.08



AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 61.02

AA+ & Below 35.06




Returns (%)

Benchmark Returns

(%)#


Returns (%) ##





The above returns are for Regular Plan - Growth Option. Returns greater than 1 year period are compounded annualized (cAGR). The Scheme is in existence for more than 1 year but less than 3 years. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of direct Plan, refer page no. 65.


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

predominantly of securities issued by Scheduled commercial Banks and Public Sector undertakings.

Riskometer



PORTFOLIO


DEBT & DEBT RElATED

cREDiT EXPoSuRE

• Power Finance corporation Ltd.

cARE - AAA / cRISIL - AAA 10.26



• Mahanagar Telephone Nigam Ltd.

cARE - AAA(SO) / cRISIL - AAA(SO) 6.29

• National Highways Authority of India cRISIL - AAA 5.83

• Food corporation of India cRISIL - AAA(SO) 5.46

• Syndicate Bank cARE - AA- 5.46

• Power Grid corporation of India Ltd. cRISIL - AAA 5.25

• Export - Import Bank of India cRISIL - AAA 4.92

• Punjab National Bank cRISIL - AA 4.81

TATA International Ltd. cARE - A+ 3.63

Bank of India BRIcKWORKS - AA- / cRISIL - A+ 3.39

HdFc Bank Ltd. cRISIL - AA+ 3.20


IdBI Bank Ltd. cRISIL - BBB+ / IcRA - BBB- 2.87

NTPc Ltd. cRISIL - AAA / IcRA - AAA 2.44


ONGc Petro additions Limited (OPAL) cRISIL - AAA(SO) 1.34

Adani Transmission Limited FITcH - AA+ 1.29


L&T Housing Finance Ltd. cARE - AA+ 1.21

Andhra Bank cARE - AA- 1.12

Steel Authority of India Ltd. FITcH - AA 1.11

Rural Electrification corporation Ltd. cRISIL - AAA 0.93

Tata Power co. Ltd. cRISIL - AA- 0.65

Nuvoco Vistas corporation Limited cRISIL - AA 0.61

Reliance Port and Terminal Ltd. cRISIL - AAA 0.61

Tata Steel Ltd. cARE - AA 0.60

Indian Railway Finance corporation Ltd. cRISIL - AAA 0.59

HPcL-Mittal Pipelines Limited FITcH - AA 0.45

Reliance Jio Infocomm Limited cRISIL - AAA 0.39

Hindalco Industries Ltd. cRISIL - AA 0.26

Vedanta Ltd. cRISIL - AA 0.13

State Bank of India cRISIL - AA+ 0.05

Sub Total 96.08


grand Total 100.00




Performance details of Schemes managed by respective Fund Managers

Sr. No. Name of the Fund Manager Funds Managed Page no.1 Mr. Prashant Jain HDFC Equity Fund 06

HDFC Top 200 Fund 07HDFC Prudence Fund 18-19HDFC MF Monthly Income Plan - LTP 34

2 Mr. Vinay Kulkarni HDFC Core & Satellite Fund 09HDFC Premier Multi-Cap Fund 10HDFC Large Cap Fund 11HDFC TaxSaver 27HDFC MF Monthly Income Plan - STP 33HDFC Equity Savings Fund (Co-managed scheme) 16-17Close ended schemes (Co-managed schemes) 58

3 Mr. Srinivas Rao Ravuri HDFC Growth Fund 05HDFC Infrastructure Fund 14Close ended schemes 52

4 Mr. Chirag Setalvad HDFC Mid-Cap Opportunities Fund 12HDFC Small Cap Fund 13HDFC Long Term Advantage Fund 26HDFC Balanced Fund 15-16HDFC Children’s Gift Fund - Investment Plan 28HDFC Children’s Gift Fund - Savings Plan 29HDFC Multiple Yield Fund - Plan 2005 35HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 30HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 31HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 32

5 Mr. Miten Lathia HDFC Capital Builder Fund 08HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 58

6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund 19-20HDFC Index Fund - SEnSEx Plan 21HDFC Index Fund - nIFTY Plan 22HDFC Index Fund - SEnSEx Plus Plan 23HDFC SEnSEx ETF 24HDFC nIFTY ETF 25HDFC Gold Exchange Traded Fund 57HDFC Gold Fund 57HDFC Equity Savings Fund (Co-managed scheme) 16-17

7 Mr. Shobhit Mehrotra HDFC MF Monthly Income Plan - LTP 34HDFC MF Monthly Income Plan - STP 33HDFC Income Fund 36HDFC High Interest Fund - STP 38HDFC Floating Rate Income Fund - Long Term Plan 45HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Option 44HDFC Corporate Debt Opportunities Fund 49HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 30HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 31HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 32Close ended schemes 52-54

8 Mr. Anil Bamboli HDFC Equity Savings Fund (Co-managed scheme) 16-17HDFC Multiple Yield Fund - Plan 2005 35HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 58HDFC High Interest Fund - Dynamic Plan 37HDFC Regular Savings Fund 39HDFC Short Term Opportunities Fund 40HDFC Gilt Fund - Short Term Plan 42HDFC Gilt Fund - Long Term Plan 43HDFC Cash Management Fund - Savings Plan 47HDFC Cash Management Fund - Call Plan 54HDFC Banking and PSU Debt Fund 50Close ended & Interval schemes 54-57Co-managed schemes 58

9 Mr. Anupam Joshi HDFC Liquid Fund 46HDFC Medium Term Opportunities Fund 41HDFC Cash Management Fund - Treasury Advantage Plan 48Close ended schemes 57-58

For performance details of Direct Plan, refer page 59-69

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

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

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


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

SRINIVAS RAO RAVURI

HDFC FOCUSED EQUITY FUND - PLAN A

NAV as on July 31, 2017 ` 12.364

Date Period Scheme Returns

(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE 100 ## S&P BSE SEnSEx. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Srinivas Rao Ravuri since inception.

HDFC FOCUSED EQUITY FUND - PLAN B

NAV as on July 31, 2017 ` 13.293


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 21.19 17.70 15.82 12,132 11,780 11,591May 06, 15 Since Inception 13.56 11.18 9.17 13,293 12,677 12,170


SHOBHIT MEHROTRA HDFC FMP 1919D JANUARY 2013 (1) NAV as on July 31, 2017 ` 14.8180


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 8.05 9.94 6.42 10,810 11,000 10,646Jul 31, 14 Last 3 Years 9.50 11.00 7.54 13,131 13,680 12,441Jan 08, 13 Since Inception 9.00 9.50 7.25 14,818 15,126 13,759

# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC FMP 3360D MARCH 2014 (1) NAV as on July 31, 2017 ` 12.7709


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC FMP 366D MAY 2014 (2) NAV as on July 31, 2017 ` 12.8631


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.11 8.37 6.42 10,715 10,842 10,646Jul 31, 14 Last 3 Years 8.32 9.14 7.54 12,711 13,004 12,441Jun 03, 14 Since Inception 8.29 9.11 7.53 12,863 13,175 12,581

# CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Regular Plan is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC FMP 370D JUNE 2014 (1) NAV as on July 31, 2017 ` 12.8503


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.34 8.37 6.42 10,738 10,842 10,646Jul 31, 14 Last 3 Years 8.39 9.14 7.54 12,737 13,004 12,441Jul 02, 14 Since Inception 8.35 9.12 7.53 12,803 13,085 12,510


HDFC FMP 1123D JULY 2014 (1) NAV as on July 31, 2017 ` 12.8614


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.10 9.94 6.42 10,714 11,000 10,646Aug 05, 14 Since Inception 8.78 11.15 7.55 12,861 13,714 12,431




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




SHOBHIT MEHROTRA....CONTINUED

Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.A.: not Available

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



HDFC FMP 1184D JANUARY 2015 (1) NAV as on July 31, 2017 ` 12.7493


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 9.55 9.94 6.42 10,960 11,000 10,646Jan 29, 15 Since Inception 10.19 9.75 7.26 12,749 12,624 11,918


HDFC FMP 1157D FEBRUARY 2015 (1) NAV as on July 31, 2017 ` 12.2283


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 8.16 9.94 6.42 10,821 11,000 10,646Mar 19, 15 Since Inception 8.62 10.00 7.26 12,165 12,535 11,807




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.11 8.37 6.42 10,715 10,842 10,646Jul 31, 14 Last 3 Years 8.30 9.14 7.54 12,706 13,004 12,441May 28, 14 Since Inception 8.31 9.14 7.57 12,888 13,203 12,609




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 8.08 9.94 6.42 10,812 11,000 10,646Apr 08, 15 Since Inception 8.17 10.06 7.20 11,993 12,486 11,746




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 9.43 9.94 6.42 10,949 11,000 10,646Jun 10, 15 Since Inception 9.15 10.73 7.10 12,064 12,441 11,583




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 8.17 9.94 6.42 10,822 11,000 10,646Jul 02, 15 Since Inception 8.75 10.74 7.05 11,909 12,366 11,524


HDFC FMP 1105D DECEMBER 2015 (1) NAV as on July 31, 2017 ` 11.4224


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 8.24 9.94 6.42 10,829 11,000 10,646Dec 30, 15 Since Inception 8.75 11.10 6.76 11,422 11,816 11,093




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#











(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




ANIL BAMBOLI

HDFC CASH MANAGEMENT FUND - CALL PLAN

NAV as on July 31, 2017 ` 2,548.8531


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 24, 17 Last 7 days 0.11 0.12 0.11 10,011 10,012 10,011Jul 16, 17 Last 15 days 0.24 0.28 0.27 10,024 10,028 10,027Jun 30, 17 Last 1 Month 0.50 0.57 0.56 10,050 10,057 10,056Jul 31, 16 Last 1 Year 6.04 6.79 6.42 10,604 10,679 10,642Jul 31, 14 Last 3 Years 6.83 7.78 7.54 12,193 12,522 12,441Jul 31, 12 Last 5 Years 7.36 8.23 7.32 14,268 14,855 14,240Feb 06, 02 Since Inception 6.23 n.A. 5.98 25,489 n.A. 24,585

# CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index. The scheme is managed by Mr. Anil Bamboli since July 25, 2012.

HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A

NAV as on July 31, 2017 ` 14.3491


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



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



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

HDFC FMP 370D AUGUST 2013 (1) NAV as on July 31, 2017 ` 13.9734


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.26 8.37 6.42 10,730 10,842 10,646Jul 31, 14 Last 3 Years 8.39 9.14 7.54 12,738 13,004 12,441Aug 08, 13 Since Inception 8.77 9.47 7.74 13,973 14,338 13,456




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#











(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC FMP 370D SEPTEMBER 2013 (1) NAV as on July 31, 2017 ` 13.9312


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 6.96 8.37 6.42 10,700 10,842 10,646Jul 31, 14 Last 3 Years 8.35 9.14 7.54 12,722 13,004 12,441Sep 05, 13 Since Inception 8.86 9.48 7.74 13,931 14,240 13,378




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.32 9.94 6.42 10,736 11,000 10,646Jul 31, 14 Last 3 Years 9.76 11.00 7.54 13,228 13,680 12,441Feb 05, 14 Since Inception 10.18 11.27 7.71 14,020 14,508 12,953




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




ANIL BAMBOLI....CONTINUED







(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.06 9.94 6.42 10,710 11,000 10,646Sep 05, 14 Since Inception 8.82 11.11 7.52 12,783 13,580 12,344




(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.54 9.94 6.42 10,758 11,000 10,646Oct 10, 14 Since Inception 8.83 10.97 7.50 12,682 13,395 12,252


HDFC FMP 1113D OCTOBER 2014 (1) NAV as on July 31, 2017 ` 12.5831


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.56 9.94 6.42 10,760 11,000 10,646nov 11, 14 Since Inception 8.49 10.42 7.42 12,481 13,094 12,148



HDFC FMP 1113D NOVEMBER 2014 (1) NAV as on July 31, 2017 ` 12.4180


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#










(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.

KRISHAN KUMAR DAGA

HDFC GOLD EXCHANGE TRADED FUND*

NAV as on July 31, 2017 ` 2,674.1382

Date Period Scheme Returns (%)

Benchmark Returns

(%)#


Scheme (`)

Benchmark (`)#

Jul 29, 16 Last 1 Year -10.15 -9.26 8,980 9,069Jul 31, 14 Last 3 Years 0.23 1.31 10,069 10,399Jul 31, 12 Last 5 Years -2.00 -0.97 9,036 9,524Aug 13, 10 Since Inception 5.84 6.57 14,854 15,579

# Domestic Price of Physical Gold. Since inception returns are calculated on ̀ 1800.3288 (allotment price) * The Scheme does not offer any Plans/Options. The scheme is managed by Mr. Krishan Kumar Daga since October 19, 2015.

HDFC GOLD FUND NAV as on July 31, 2017 ` 9.4433


Benchmark Returns

(%)#


Scheme (`)

Benchmark (`)#

Jul 29, 16 Last 1 Year -9.19 -9.26 9,076 9,069Jul 31, 14 Last 3 Years -0.72 1.31 9,786 10,399Jul 31, 12 Last 5 Years -2.46 -0.97 8,828 9,524nov 01, 11 Since Inception -0.99 1.04 9,443 10,616

# Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since October 19, 2015.

ANUPAM JOSHI HDFC FMP 1120D MARCH 2016 (1) NAV as on July 31, 2017 ` 11.2132


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC FMP 1104D APRIL 2016 (1) NAV as on July 31, 2017 ` 11.0785


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




ANIL BAMBOLI....CONTINUED ANUPAM JOSHI....CONTINUED




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



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.

CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI

HDFC CPO - III - 1207D DECEMBER 2014

NAV as on July 31, 2017 ` 11.6345


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Vinay Kulkarni & Mr. Anil Bamboli since inception.

HDFC CPO - III - 1100D OCTOBER 2014

NAV as on July 31, 2017 ` 11.8304


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Vinay Kulkarni & Mr. Anil Bamboli since inception.

HDFC CPO - III - 1173D JANUARY 2015

NAV as on July 31, 2017 ` 11.4978


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Vinay Kulkarni & Mr. Anil Bamboli since inception.Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed.

CO-MANAGED BY MITEN LATHIA & ANIL BAMBOLI

HDFC DYNAMIC PE RATIO FUND OF FUNDS

NAV as on July 31, 2017 ` 17.6608


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. The scheme is co-managed by Mr. Miten Lathia & Mr. Anil Bamboli since June 27, 2014.

CO-MANAGED BYKRISHAN KUMAR DAGA & ANIL BAMBOLI

HDFC DAF - II - 1160D JANUARY 2016

NAV as on July 31, 2017 ` 11.3520


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Debt Hybrid 75+25 Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception.

HDFC DAF - II - 1099D MARCH 2016

NAV as on July 31, 2017 ` 11.0401


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC DAF - II - 1111D APRIL 2016 NAV as on July 31, 2017 ` 11.0332


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




VINAY KULKARNI & ANIL BAMBOLI....CONTINUEDANUPAM JOSHI....CONTINUED



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

PRASHANT JAIN HDFC EQUITY FUND NAV as on July 31, 2017 ` 629.819


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# nIFTY 500 Index ## nIFTY 50 Index.

HDFC TOP 200 FUND NAV as on July 31, 2017 ` 456.895


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE 200 ## S&P BSE SEnSEx.

HDFC PRUDENCE FUND NAV as on July 31, 2017 ` 514.749


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments..

VINAY KULKARNI HDFC CORE & SATELLITE FUND NAV as on July 31, 2017 ` 81.406


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE 200 ## S&P BSE SEnSEx.

HDFC PREMIER MULTI-CAP FUND NAV as on July 31, 2017 ` 55.433


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC LARGE CAP FUND NAV as on July 31, 2017 ` 108.960


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# nIFTY 50 Index ## S&P BSE SEnSEx.

HDFC TAXSAVER NAV as on July 31, 2017 ` 526.738


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CHIRAG SETALVAD

HDFC MID-CAP OPPORTUNITIES FUND NAV as on July 31, 2017 ` 56.092


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# nIFTY Free Float Midcap 100 Index ## nIFTY 50 Index.

HDFC SMALL CAP FUND NAV as on July 31, 2017 ` 39.804


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# nIFTY Free Float Smallcap 100 Index ## nIFTY 50 Index.

HDFC BALANCED FUND NAV as on July 31, 2017 ` 149.688


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments..

HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN NAV as on July 31, 2017 ` 113.910


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments.

HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN NAV as on July 31, 2017 ` 45.7439


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.

VINAY KULKARNI....CONTINUED




HDFC LONG TERM ADVANTAGE FUND NAV as on July 31, 2017 ` 336.629


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE SEnSEx ## nIFTY 50 Index.

SRINIVAS RAO RAVURI

HDFC GROWTH FUND NAV as on July 31, 2017 ` 180.122


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE SEnSEx ## nIFTY 50 Index.

HDFC INFRASTRUCTURE FUND NAV as on July 31, 2017 ` 21.090


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC FOCUSED EQUITY FUND - PLAN A NAV as on July 31, 2017 ` 12.528


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC FOCUSED EQUITY FUND - PLAN B NAV as on July 31, 2017 ` 13.463


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




SHOBHIT MEHROTRA

HDFC INCOME FUND NAV as on July 31, 2017 ` 40.2551


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index.

HDFC HIGH INTEREST FUND - STP NAV as on July 31, 2017 ` 34.3532


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index.

HDFC FLOATING RATE INCOME FUND - STP - WHOLESALE OPTION NAV as on July 31, 2017 ` 29.0996


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index.

HDFC FLOATING RATE INCOME FUND - LTP NAV as on July 31, 2017 ` 29.5568


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC CORPORATE DEBT OPPORTUNITIES FUND NAV as on July 31, 2017 ` 14.3866


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Short Term Bond Fund Index ## CRISIL 10 year Gilt Index.



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.

CHIRAG SETALVAD....CONTINUED SHOBHIT MEHROTRA....CONTINUED






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 7.21 8.37 6.42 10,725 10,842 10,646Jul 31, 14 Last 3 Years 8.39 9.14 7.54 12,738 13,004 12,441May 28, 14 Since Inception 8.40 9.14 7.57 12,922 13,203 12,609









(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#







(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#











(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.

KRISHAN KUMAR DAGA

HDFC ARBITRAGE FUND - WHOLESALE PLAN NAV as on July 31, 2017 ` 12.655


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 29, 16 Last 1 Year 6.57 6.79 16.56 10,660 10,683 11,665Jul 31, 14 Last 3 Years 7.16 7.78 9.27 12,308 12,522 13,051Apr 07, 14 Since Inception 7.35 7.91 13.12 12,655 12,875 15,052

# CRISIL Liquid Fund Index ## nIFTY 50 Index. Scheme performance is not strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc.

HDFC INDEX FUND - SENSEX PLAN NAV as on July 31, 2017 ` 287.4745


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE SEnSEx (Total Returns Index) ## nIFTY 50 Index.

HDFC INDEX FUND - NIFTY PLAN NAV as on July 31, 2017 ` 90.8622


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# nIFTY 50 Index (Total Returns Index) ## S&P BSE SEnSEx.

HDFC INDEX FUND - SENSEX PLUS PLAN NAV as on July 31, 2017 ` 447.8316


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# S&P BSE SEnSEx (Total Returns Index) ## nIFTY 50 Index.

HDFC GOLD FUND NAV as on July 31, 2017 ` 9.5992


Benchmark Returns

(%)#


Scheme (`)

Benchmark (`)#

Jul 29, 16 Last 1 Year -8.78 -9.26 9,117 9,069Jul 31, 14 Last 3 Years -0.28 1.31 9,916 10,399Jan 01, 13 Since Inception -3.04 -1.26 8,680 9,434

# Domestic Price of Physical Gold. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Krishan Kumar Daga since October 19, 2015.

ANUPAM JOSHI HDFC LIQUID FUND NAV as on July 31, 2017 ` 3,278.9055


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Jul 24, 17 Last 7 days 0.12 0.12 0.11 10,012 10,012 10,011Jul 16, 17 Last 15 days 0.26 0.28 0.27 10,026 10,028 10,027Jun 30, 17 Last 1 Month 0.55 0.57 0.56 10,055 10,057 10,056Jul 31, 16 Last 1 Year 6.85 6.79 6.42 10,685 10,679 10,642Jul 31, 14 Last 3 Years 7.91 7.78 7.54 12,570 12,522 12,441Dec 31, 12 Since Inception 8.40 8.27 7.28 14,476 14,391 13,800


HDFC MEDIUM TERM OPPORTUNITIES FUND NAV as on July 31, 2017 ` 18.7783


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC CASH MANAGEMENT FUND -TREASURY ADVANTAGE PLAN - RETAIL OPTION NAV as on July 31, 2017 ` 36.4143


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





KRISHAN KUMAR DAGA....CONTINUED





(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





ANIL BAMBOLI

HDFC HIGH INTEREST FUND - DYNAMIC PLAN NAV as on July 31, 2017 ` 60.8715


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC REGULAR SAVINGS FUND NAV as on July 31, 2017 ` 33.9471


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC SHORT TERM OPPORTUNITIES FUND NAV as on July 31, 2017 ` 18.6040


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC GILT FUND - SHORT TERM PLAN NAV as on July 31, 2017 ` 28.3682


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# I-Sec Si-Bex ## CRISIL 1 year T-Bill Index.

ANUPAM JOSHI....CONTINUED





HDFC GILT FUND - LONG TERM PLAN NAV as on July 31, 2017 ` 35.8433


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# I-Sec Li-Bex ## CRISIL 10 year Gilt Index.

HDFC CASH MANAGEMENT FUND - SAVINGS PLAN NAV as on July 31, 2017 ` 3,470.5092


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC CASH MANAGEMENT FUND - CALL PLAN NAV as on July 31, 2017 ` 2,555.7036


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

HDFC BANKING AND PSU DEBT FUND NAV as on July 31, 2017 ` 13.6813


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A NAV as on July 31, 2017 ` 14.3864


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



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



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#











(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Short Composite Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.



(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#











(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#






(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.






VINAY KULKARNI & ANIL BAMBOLI....CONTINUED

MITEN LATHIA HDFC CAPITAL BUILDER FUND NAV as on July 31, 2017 ` 276.231


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CO-MANAGED BY PRASHANT JAIN & SHOBHIT MEHROTRA

HDFC MF MIP LONG TERM PLAN NAV as on July 31, 2017 ` 44.7229


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CO-MANAGED BY VINAY KULKARNI & SHOBHIT MEHROTRA

HDFC MF MIP SHORT TERM PLAN NAV as on July 31, 2017 ` 30.9523


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI

HDFC CPO-III-1207D DECEMBER 2014 NAV as on July 31, 2017 ` 11.7876


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Vinay Kulkarni & Anil Bamboli since inception.

HDFC CPO-III-1100D OCTOBER 2014 NAV as on July 31, 2017 ` 11.9948


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Vinay Kulkarni & Anil Bamboli since inception.

HDFC CPO - III - 1173D JANUARY 2015 NAV as on July 31, 2017 ` 11.6405


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed.

CO-MANAGED BY ANIL BAMBOLI & MITEN LATHIA

HDFC DYNAMIC PE RATIO FUND OF FUNDS NAV as on July 31, 2017 ` 18.3090


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. The scheme is managed by Mr. Anil Bamboli & Miten Lathia since June 27, 2014.

CO-MANAGED BY CHIRAG SETALVAD & ANIL BAMBOLI

HDFC MULTIPLE YIELD FUND - PLAN 2005 NAV as on July 31, 2017 ` 30.7818


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



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

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

HDFC EQUITY SAVINGS FUND NAV as on July 31, 2017 ` 35.1540


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# 40% nIFTY 50 Arbitrage Index, 30% CRISIL Short Term Bond Fund Index and 30% nIFTY 50 Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark, since a portion of scheme’s investments are made in equity instruments.




CO-MANAGED BY KRISHAN KUMAR DAGA & ANIL BAMBOLI

HDFC DAF - II - 1160D JANUARY 2016 NAV as on July 31, 2017 ` 11.6534


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC DAF - II - 1099D MARCH 2016 NAV as on July 31, 2017 ` 11.3271


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




HDFC DAF - II - 1111D APRIL 2016 NAV as on July 31, 2017 ` 11.2942


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CO-MANAGED BY CHIRAG SETALVAD & SHOBHIT MEHROTRA

HDFC RETIREMENT SAVINGS FUND - EQUITY PLAN NAV as on July 31, 2017 ` 16.454


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# nIFTY 500 ## nIFTY 50.

HDFC RETIREMENTSAVINGS FUND - HYBRID EQUITY PLAN NAV as on July 31, 2017 ` 15.659


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL Balanced Fund - Aggressive ## nIFTY 50.

HDFC RETIREMENT SAVINGS FUND - HYBRID DEBT PLAN NAV as on July 31, 2017 ` 12.6130


(%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



# CRISIL MIP Blended Index ## CRISIL 10 Year Gilt Index.

Managing Portfolio Since

Returns (%) (As on July 31, 2017)

Last 1 year (%) Last 3 years (%) Last 5 years (%)

Category I - FPI Portfolio (managed under a bilateral agreement under Regulation 24(b) and subject to applicable laws)

March 23, 2016 20.20 n.A. n.A.

Benchmark- MSCI India (Total Returns) 15.02 n.A. n.A.

Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). Inception date is March 23, 2016. The performance is not comparable with the performance of the aforementioned scheme(s) of HDFC Mutual Fund due to differing investment objective/s and fundamental differences in asset allocation, investment strategy and the regulatory environment. The said disclosure is pursuant to SEBI Circular no. Cir/IMD/DF/7/2012 dated February 28, 2012 pertaining to Regulation 24(b) of SEBI (Mutual Funds) Regulations, 1996. FPI - Foreign Portfolio Investor.

PERFORMANCE OF CATEGORY I - FPI PORTFOLIO (MANAGED BY PRASHANT JAIN)



Dividend History ^

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

HDFC Growth Fund (Past 3 years) Dividend Option

Record Date Regular Plan Direct Plan

Cum Div NAV (`)

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

Dividend per Unit (`) For

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

HDFC Equity Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



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

HDFC Top 200 Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Capital Builder Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



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

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


Cum Div NAV (`)




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


Cum Div NAV (`)




HDFC Arbitrage Fundnormal Dividend Option (Past 3 months )Record Date Wholesale Plan Direct Plan

Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersMay 22, 17 10.544 0.050 0.050 10.783 0.050 0.050Jun 27, 17 10.544 0.050 0.050 10.789 0.050 0.050Jul 24, 17 10.546 0.050 0.050 10.796 0.050 0.050

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

Cum Div NAV (`)




HDFC Large Cap Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



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

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


Cum Div NAV (`)




HDFC Small Cap Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Balanced Fund (Past 3 quarters) Dividend Option


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersDec 26, 16 26.950 0.500 0.500 29.053 0.500 0.500Mar 27, 17 29.382 0.500 0.500 31.801 0.500 0.500Jun 27, 17 30.706 0.500 0.500 33.370 0.500 0.500

HDFC Prudence Fund (Past 3 months) Dividend Option


Cum Div NAV (`)




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


Cum Div NAV (`)




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


Cum Div NAV (`)




HDFC Infrastructure Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



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


Dividend History ^

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

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


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersMay 25, 17 11.5561 0.0700 0.0648 12.2491 0.0700 0.0648Jun 27, 17 11.5616 0.0700 0.0648 12.2732 0.0500 0.0463Jul 25, 17 11.6483 0.0700 0.0648 - - -

Quarterly Dividend Option (Past 3 quarters)


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersDec 26, 16 11.8592 0.2100 0.1946 12.2419 0.2100 0.1946Mar 27, 17 12.0571 0.2100 0.1946 12.4901 0.2100 0.1946Jun 27, 17 12.1543 0.2100 0.1946 12.6366 0.2100 0.1946

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

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

Cum Div NAV (`)


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

May 25, 17 14.6806 0.0800 0.0741 15.0591 0.0800 0.0741Jun 27, 17 14.7582 0.0800 0.0741 15.1497 0.0800 0.0741Jul 25, 17 14.9256 0.0800 0.0741 15.3316 0.0800 0.0741

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

Cum Div NAV (`)



Dec 26, 16 14.9727 0.2400 0.2224 15.3076 0.2400 0.2224Mar 27, 17 15.2334 0.2400 0.2224 15.6047 0.2400 0.2224Jun 27, 17 15.5453 0.2400 0.2224 15.9559 0.2400 0.2224

HDFC Equity Savings Fund (Past 3 quarters) Dividend Option

Record Date Regular Plan Direct PlanCum Div NAV (`)



Dec 26, 16 11.1970 0.2500 0.2500 11.5180 0.2500 0.2500Mar 27, 17 11.8030 0.2500 0.2500 12.1960 0.2500 0.2500Jun 27, 17 11.9210 0.2500 0.2500 12.3720 0.2500 0.2500

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




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

HDFC Income Fund (Past 3 quarters) Quarterly Dividend Option




Dec 26, 16 11.5668 0.2000 0.1853 11.9864 0.2000 0.1853Mar 27, 17 11.2246 0.1000 0.0926 11.6671 0.1000 0.0926Jun 27, 17 11.4954 0.2500 0.2316 11.9754 0.2500 0.2316

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

Cum Div NAV (`)



Dec 26, 16 12.3745 0.2000 0.1853 12.7711 0.2000 0.1853Mar 27, 17 12.1066 0.1000 0.0926 12.5222 0.1000 0.0926Jun 27, 17 12.3689 0.2500 0.2316 12.8207 0.2500 0.2316

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

Cum Div NAV (`)



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

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

Cum Div NAV (`)



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

HDFC High Interest Fund - Short Term Plannormal Dividend Option (Past 3 months)Record Date Regular Plan Direct Plan

Cum Div NAV (`)



May 11, 17 - - - 10.6307 0.0150 0.0139May 25, 17 - - - 10.6651 0.0398 0.0369Jun 12, 17 - - - 10.6935 0.0603 0.0559Jul 10, 17 - - - 10.6603 0.0363 0.0337

HDFC Regular Savings FundMonthly Dividend Option (Past 3 months)Record Date Regular Plan Direct Plan

Cum Div NAV (`)



May 25, 17 10.4260 0.0451 0.0418 10.3979 0.0490 0.0454Jun 27, 17 10.4491 0.0618 0.0573 10.4218 0.0663 0.0614Jul 25, 17 10.4353 0.0519 0.0480 10.4072 0.0558 0.0517

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

Cum Div NAV (`)



Dec 26, 16 10.4885 0.1494 0.1384 10.5665 0.1527 0.1415Mar 27, 17 10.4420 0.1592 0.1475 10.5178 0.1610 0.1492Jun 27, 17 10.4732 0.1415 0.1311 10.5498 0.1661 0.1539

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

Cum Div NAV (`)



Dec 26, 16 11.5398 0.2000 0.1853 11.6983 0.2000 0.1853Mar 27, 17 11.3900 0.1000 0.0926 11.5576 0.1000 0.0926Jun 27, 17 11.4981 0.1500 0.1390 11.6765 0.1500 0.1390

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

Cum Div NAV (`)



Dec 26, 16 11.5925 0.2000 0.1853 11.8180 0.2000 0.1853Mar 27, 17 11.2405 0.1000 0.0926 11.4767 0.1000 0.0926Jun 27, 17 11.5503 0.2500 0.2316 11.8079 0.2500 0.2316

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

Regular Plan Direct PlanCum Div NAV (`)



May 29, 17 1032.5438 4.5097 4.1781 1032.6431 4.5814 4.2446Jun 27, 17 1031.4656 3.7309 3.4566 1031.5476 3.7902 3.5115Jul 31, 17 1032.4175 4.4185 4.0936 1032.5090 4.4845 4.1548


Dividend History ^

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

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

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

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

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

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

Cum Div NAV (`)



May 29, 17 10.2113 0.0485 0.0450 10.2123 0.0493 0.0456Jun 27, 17 - - - 10.2112 0.0485 0.0449Jul 31, 17 10.2222 0.0564 0.0523 10.2236 0.0574 0.0532Record Date Retail Option

Cum Div NAV (`)

Dividend per Unit (`) ForIndividuals & HUF Others

May 29, 17 10.2094 0.0472 0.0437Jun 27, 17 10.2085 0.0465 0.0431Jul 31, 17 10.2202 0.0550 0.0509

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

Cum Div NAV (`)



May 29, 17 10.2047 0.0467 0.0433 10.2138 0.0515 0.0477Jun 27, 17 10.2068 0.0482 0.0447 10.2146 0.0521 0.0482Jul 31, 17 10.2167 0.0554 0.0513 10.2253 0.0598 0.0554Record Date Wholesale Option

Cum Div NAV (`)

Dividend per Unit (`) ForIndividuals & HUF Others

May 29, 17 10.2308 0.0511 0.0474Jun 27, 17 10.2318 0.0519 0.0480Jul 31, 17 10.2425 0.0596 0.0552

HDFC Corporate Debt Opportunities FundHalf-yearly Dividend Option (Past 2 years)


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersMar 28, 16 10.7078 0.1560 0.1445 10.7651 0.1560 0.1445Sep 26, 16 11.1534 0.4842 0.4486 11.2653 0.5649 0.5234Mar 27, 17 10.9005 0.3051 0.2827 10.9506 0.3412 0.3161

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

WAnT TO HAVE THE LATEST InFORMATIOn ABOUT US?Visit us at www.hdfcfund.com

Telephone ServicesToll-free number: 1800 3010 6767 / 1800 419 7676

For any query or suggestions:-

Investors may contact us at:[email protected]

Distributors may contact us at:[email protected]

SMS: HDFCMF to 56767

Registered Office: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166 Backbay Reclamation, Churchgate, Mumbai - 400 020.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

july 2017 - · pdf fileintouch mutually july 2017 3 market review source for various data...

Documents