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January 2017

CONTENTS

page no.
MARKET REVIEW................................................................................................................................................................................................... 3
HDFC Growth Fund............................................................................................................................................................................................ 4
HDFC Equity Fund............................................................................................................................................................................................... 5
HDFC Top 200 Fund............................................................................................................................................................................................. 6
HDFC Capital Builder Fund............................................................................................................................................................................... 7
HDFC Core & Satellite Fund.............................................................................................................................................................................. 8
HDFC Premier Multi-Cap Fund.......................................................................................................................................................................... 9
HDFC Large Cap Fund......................................................................................................................................................................................... 10
HDFC Mid-Cap Opportunities Fund.................................................................................................................................................................. 11
HDFC Small Cap Fund........................................................................................................................................................................................ 12
HDFC Long Term Advantage Fund................................................................................................................................................................... 13
HDFC TaxSaver.................................................................................................................................................................................................... 14
HDFC Infrastructure Fund............................................................................................................................................................................... 15
HDFC Arbitrage Fund........................................................................................................................................................................................ 16
HDFC Index Fund - Sensex Plan........................................................................................................................................................................ 17
HDFC Index Fund - NIFTY Plan........................................................................................................................................................................... 18
HDFC Index Fund - Sensex Plus Plan............................................................................................................................................................... 19
HDFC Balanced Fund......................................................................................................................................................................................... 20
HDFC Prudence Fund......................................................................................................................................................................................... 21
HDFC Childrens Gift Fund - Investment Plan............................................................................................................................................... 22
HDFC Childrens Gift Fund - Savings Plan...................................................................................................................................................... 23
HDFC RETIREMENT SAVINGS FUND - Equity plan................................................................................................................................................ 24
HDFC RETIREMENT SAVINGS FUND - hYBRID Equity plan................................................................................................................................... 25
HDFC RETIREMENT SAVINGS FUND - hYBRID debt plan...................................................................................................................................... 26
HDFC MF Monthly Income Plan - Short Term Plan....................................................................................................................................... 27
HDFC MF Monthly Income Plan - Long Term Plan........................................................................................................................................ 28
HDFC EQUITY SAVINGS Fund................................................................................................................................................................................ 29
HDFC Multiple Yield Fund - Plan 2005............................................................................................................................................................. 30
HDFC Income Fund............................................................................................................................................................................................. 31
HDFC High Interest Fund - Dynamic Plan....................................................................................................................................................... 32
HDFC High Interest Fund - Short Term Plan.................................................................................................................................................. 33
HDFC Short Term Plan....................................................................................................................................................................................... 34
HDFC Short Term Opportunities Fund............................................................................................................................................................ 35
HDFC Medium Term Opportunities Fund......................................................................................................................................................... 36
HDFC Gilt Fund - SHORT Term Plan................................................................................................................................................................... 37
HDFC Gilt Fund - Long Term Plan..................................................................................................................................................................... 38
HDFC Floating Rate Income Fund - Short Term Plan................................................................................................................................... 39
HDFC Floating Rate Income Fund - Long Term Plan..................................................................................................................................... 40
HDFC Liquid Fund............................................................................................................................................................................................... 41
HDFC Cash Management Fund - Savings Plan............................................................................................................................................... 42
HDFC Cash Management Fund - Treasury Advantage Plan........................................................................................................................ 43
HDFC Corporate Debt Opportunities Fund..................................................................................................................................................... 44
HDFC BANKING AND PSU DEBT Fund................................................................................................................................................................... 45
Performance details of schemes managed by respective fund managerS............................................................................................ 46
Scheme Performance Summary - Regular Plans......................................................................................................................................... 47-67
Scheme Performance Summary - Direct Plans............................................................................................................................................. 68-95
GLOSSARY.............................................................................................................................................................................................................. 96
HOW TO READ FACTSHEET.................................................................................................................................................................................... 96
Dividend History................................................................................................................................................................................................ 97-99
Disclaimer.......................................................................................................................................................................................................... 99

2 January 2017 Intouch mutually


Market Review

Equity Market update Debt Market update

I n run up to budget, Indian equity markets were up ~4% in January 2017 T he yield on the 10-year benchmark (6.97% GoI 2026) ended the month of
buoyed by better than expected corporate results. January at 6.41% down by 11 bps over the previous month end. The yield on
10-year AAA Corporate Bond ended the month at 7.30% as against 7.46% at
Performance of global equity markets was mixed with emerging markets
the end of December 2016. Thus, corporate bond spreads during the month
including India outperforming the developed markets. The table below gives
narrowed to 79 bps as against 83 bps in the previous month.
the details of performance of key domestic and global indices.
Liquidity conditions continued to remain positive during the month of
% Change in Indices CY CY2017 % Change in Indices CY CY2017 January 2017. As against ~Rs.1,59,487 crs of average liquidity absorbed by
2016 YTD 2016 YTD
RBI during the month of December 2016 (along with CMBs ouststanding of
S&P BSE India Bankex 7.3 7.5 Dow Jones Industrial to the tune of 5.21 lac crores) through various sources (Liquidity Adjustment
S&P BSE India Average 13.4 0.5 Facility, export refinance, marginal standing facility and term repos/reverse
Capital Goods (3.3) 8.2 NASDAQ 7.5 4.3 repos), ~Rs.2,01,481 crs of liquidity was absorbed by RBI during the month
S&P BSE India FMCG 3.3 5.4 FTSE 14.4 (0.6) of January 2017 (along with CMBs ouststanding of to the tune of 3.50 lac
S&P BSE India Healthcare (12.9) 0.5 DAX 6.9 0.5 crores). The overnight rate remained the same at 6.25% as compared with the
previous month.
S&P BSE India Metal 36.7 15.5 CAC 4.9 (2.3)
S&P BSE India Oil & Gas 27.2 5.6 Nikkei 0.4 (0.4) INR closed at 67.87 versus the USD in January as against 67.92 in
S&P BSE India IT (8.0) (5.8) Hang Seng 0.4 6.2 December. The net FII investment in equities & debt was an outflow of ~US$
0.5 billion in January 2017. FIIs sold close to US$ 15.9 billion in Indian debt
S&P BSE Sensex 1.9 3.9 KOSPI 3.3 2.0
and equity markets in Q4 of 2016.
NIFTY 50 3.0 4.6 Shanghai (12.3) 1.8
NIFTY Free Float MSCI Emerging The annual rate of retail inflation, CPI came in at 3.4% YoY in December
Midcap 100 7.1 7.4 Market Index 8.6 5.4 2016, down from 3.6% in November. The fall was largely on account of food
inflation, which decelerated to 1.4% from 2.1% in November. Core CPI came
During the month, Brent crude was down ~3% after being up 23% in 2016. in at 4.8% YoY for December 2016. Core inflation has been steadily falling
Other commodities barring steel (down 2%) moved up sharply in January. Lead since March 2014 and has been around 4.5-5% over the last one year now.
was the best performer, up 18%.
FIIs sold Indian equities worth $0.2bn during January after selling close Outlook
to $4.5bn in 3QFY17. Inflows in domestic Equity mutual funds continue to be
healthy. Inflows in FY17 till December have been ~Rs 45,800 crores including In the Union Budget 2017-18, government has shown commitment to fiscal
~Rs 9,200 crores in December and close to ~Rs 26,000 crores in 3QFY17. prudence by proposing a lower fiscal deficit of 3.2% for FY18 compared to 3.5%
for FY17. It has delayed the Fiscal Responsibility and Budget Management
The Union budget 2017-18 presented on February 1st was remarkably (FRBM) fiscal target by a year. i.e. achieve 3% target by FY19 instead of
simple, consistent and without any surprises. In line with the earlier budgets, FY18. Considering the domestic and global backdrop, it is a positive step. The
it was consistent with the governments strategic direction, the key elements fiscal room has been used to increase the capital expenditure from 13.9% of
of which are: total expenditure in FY17 Revised Estimate (RE) to 14.4% in FY18 Budget
Accelerate growth, job creation and investments. Estimate (BE). Fiscal prudence and improvement in quality of expenditure
should open up scope for further monetary easing by RBI.
Fiscal discipline, low inflation and interest rates
The net market borrowing has increased modestly from Rs 406,708 crores
Focus on agriculture / rural incomes / housing for all by 2022. to Rs 423,226 crores and hence markets shall now focus on global yields and oil
prices. Even though there is downward bias to interest rates, room for further
Reduction of informal economy, simplification of taxation and widening of
fall is limited given the sharp fall from 8.8% to 6.5% in last 3 years and hence
tax base
investors may consider to incrementally invest in short/medium term funds
Indirect tax rates were broadly left untouched as GST is due from July and credit strategies.
2017. The budget also does away with the distinction between plan and non-
plan expenditure and only retains the revenue capital split. This budget has
also subsumed the railways budget within itself.
Amongst the results declared FMCG and IT earnings have been below
expectations, whereas companies in banking related sectors generally delivered
results upto or better than expectations.
Equity market have lagged nominal GDP growth for several years now.
With a sharp fall in interest rates, improving growth outlook and signs of
improving corporate profitability the outlook for equity market is positive. Any
volatility in Indian equities induced by global events at a time when the Indian
economy is improving on nearly all parameters will be a good opportunity for
the discerning investor.
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.

Source for various data points: RBI Website, Bloomberg, Reuters, Union Budget 2017-18 and HDFC AMC Research.

Intouch mutually January 2017 3


HDFC Growth Fund (An open-ended growth scheme)
investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate long term capital appreciation from a portfolio (% of Net Assets)
that is invested predominantly in equity and equity related Company Industry+ % to
instruments. NAV Banks 25.60
Software 8.72
EQUITY & EQUITY RELATED Auto 8.18
Fund Manager
HDFC Bank Ltd. Banks 9.39 Petroleum Products 7.37
Srinivas Rao Ravuri (since April 3, 06) Pharmaceuticals 5.58
Total Experience: Over 19 years State Bank of India Banks 6.99
Power 5.29
Infosys Ltd. Software 6.35 Construction Project 4.97
Inception Date (Date of Allotment) ICICI Bank Ltd. Banks 6.10 Construction 4.78
September 11, 2000 Reliance Industries Ltd. Petroleum Products 5.25 Consumer Non Durables 4.07
Non - Ferrous Metals 2.82
Larsen & Toubro Ltd. Construction Project 4.97
Telecom - Services 2.58
NAV NAV per Unit (`) ITC Ltd. Consumer Non Transportation 2.34
Regular Plan - Growth Option 147.281 Durables 4.07 Ferrous Metals 2.00
Regular Plan - Dividend Option 30.183 Chemicals 1.91
Tata Motors Ltd. DVR Auto 2.97
Direct Plan - Growth Option 150.434 Minerals/Mining 1.71
Direct Plan - Dividend Option 30.934 Maruti Suzuki India Ltd. Auto 2.90
Finance 1.35
Vedanta Ltd. Non - Ferrous Miscellaneous 1.33
aSSETS UNDER MANAGEMENT (`) IN CRORE Metals 2.82 Oil 1.20
As on January 31, 2017 1,014.89 Total of Top Ten Holdings 51.81 Cement 1.12
Average for Month of January, 2017 1,002.12 Industrial Capital Goods 1.05
Total Equity & Equity Related 96.48 Gas 0.95
quantitative data Cash, Cash Equivalents and Net Current Assets 3.52 Consumer Durables 0.84
Grand Total 100.00 Telecom - Equipment & Accessories 0.72
Portfolio Turnover Ratio (Last 1 year) 28.52%
For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30
Risk Ratio
n Standard Deviation 4.768%
n Beta 1.096
n Sharpe Ratio* 0.213
SIP Performance
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. Since Inception 15 year 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP SIP SIP SIP SIP SIP
Total Amount Invested (` 000) 1,960.00 1,800.00 1,200.00 600.00 360.00 120.00
Total Expense Ratio Mkt Value as on December 30, 2016 (` 000) 10,598.02 7,768.31 2,139.73 797.89 406.60 125.62
(Weighted Average for the month) Returns (Annualised) (%) 18.42 17.64 11.14 11.35 8.07 8.82
Regular 2.30% Benchmark Returns (Annualised) (%) # 12.71 12.41 7.46 6.99 1.73 1.18
Direct 1.65% Addl. Benchmark Ret. (Annualised) (%) ## 12.55 12.31 7.92 7.69 2.79 1.61
Excluding Service Tax on Management Fees. Past performance may or may not be sustained in the future. # S&P BSE Sensex ## NIFTY 50 Index. 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
BENCHMARK INDEX flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
S&P BSE SENSEX on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

Entry Load
Cumulative Performance
Not Applicable.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Exit Load
(`) (%)^ (%)# Returns (`)# Benchmark
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. Dec 31, 15 Last 1 Year 131.712 6.59 1.95 3.01 10,659 10,195 10,301
l No Exit Load is payable if Units are redeemed / switched-
Dec 31, 14 Last 2 Years 132.195 3.05 -1.60 -0.59 10,620 9,683 9,883
out after 1 year from the date of allotment. Dec 31, 13 Last 3 Years 92.540 14.90 7.94 9.10 15,171 12,577 12,985
For further details, please refer to para Exit Load on Pg 46. Sep 11, 00 Since Inception 10.000 17.58 11.22 11.16 140,393 56,693 56,208
Discrete 12 month Returns (%)
PlanS Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan ^ # ##
Dec 31, 15 To Dec 30, 16 6.59 1.95 3.01
Options Dec 31, 14 To Dec 31, 15 -0.37 -5.03 -4.06
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 13 To Dec 31, 14 42.85 29.89 31.39
offers Dividend Payout and Reinvestment facility. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE Sensex ## NIFTY 50 Index. @ shows the
Minimum Application Amount (Under each Plan / Option) current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Srinivas
Rao Ravuri, please refer page 46.
Purchase : ` 5,000 and any amount thereafter.
Additional Purchase : ` 1,000 and any amount thereafter.
This product is suitable for investors who are seeking ~ Riskometer
Redemption Proceeds l Capital appreciation over long term.
Normally despatched within 3-4 Business Days. l Investment predominantly in equity and equity related instruments.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
4 January 2017 Intouch mutually
HDFC Equity Fund (An open-ended growth scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To achieve capital appreciation. (% of Net Assets)
Company Industry+ % to
NAV Banks 29.62
l Fund Manager
Auto 9.89
Prashant Jain (since June 19, 03) EQUITY & EQUITY RELATED Software 9.58
Total Experience: Over 25 years Construction Project 8.77
ICICI Bank Ltd. Banks 9.11
Power 6.84
l Inception Date (Date of Allotment) State Bank of India Banks 9.01 Industrial Capital Goods 5.13
January 1, 1995 Larsen & Toubro Ltd. Construction Project 7.54 Ferrous Metals 4.43
Infosys Ltd. Software 6.01 Pharmaceuticals 3.93
NAV NAV per Unit (`) Petroleum Products 3.57
Maruti Suzuki India Ltd. Auto 5.13 Cement 3.02
Regular Plan - Growth Option 505.366
Regular Plan - Dividend Option 52.165 HDFC Bank Ltd. Banks 4.53 Finance 2.68
Direct Plan - Growth Option 521.263 Auto Ancillaries 2.59
Tata Steel Ltd. Ferrous Metals 4.43
Direct Plan - Dividend Option 54.089 Media And Entertainment 1.99
Bank of Baroda Banks 2.90 Pesticides 1.76
aSSETS UNDER MANAGEMENT (`) IN CRORE Aurobindo Pharma Ltd. Pharmaceuticals 2.84 Transportation 1.35
As on January 31, 2017 16,652.54 Gas 0.85
Reliance Industries Ltd. Petroleum Products 2.68 Consumer Durables
Average for Month of January, 2017 16,195.24 0.75
Total of Top Ten Holdings 54.18 Telecom - Services 0.70
l quantitative data Total Equity & Equity Related Holdings 99.24 Non - Ferrous Metals 0.64
Construction 0.59
Portfolio Turnover Ratio (Last 1 year) 16.76% Cash, Cash Equivalents and Net Current Assets 0.76 Industrial Products 0.45
Risk Ratio Grand Total 100.00 Oil 0.11
n Standard Deviation 5.522% 0 5 10 15 20 25 30
n Beta 1.200 For complete portfolio, please visit www.hdfcfund.com
n Sharpe Ratio* 0.214
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. SIP Performance
* Risk free rate: 6.25% (Source: FIMMDA MIBOR)
Since Inception 15 year 10 year 5 year 3 year 1 year
l Total Expense Ratio SIP SIP SIP SIP SIP SIP
(Weighted Average for the month) Total Amount Invested (` 000) 2,640.00 1,800.00 1,200.00 600.00 360.00 120.00
Regular 2.16% Mkt Value as on December 30, 2016 (` 000) 51,702.15 9,413.32 2,383.47 832.99 402.43 126.89
Direct 1.36% Returns (Annualised) (%) 22.56 19.82 13.16 13.09 7.38 10.85
Excluding Service Tax on Management Fees. Benchmark Returns (Annualised) (%) # 12.77 13.27 8.98 10.12 5.36 3.01
Addl. Benchmark Ret. (Annualised) (%) ## 11.64 12.31 7.92 7.69 2.79 1.61
l BENCHMARK INDEX Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000
invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
NIFTY 500 Index for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed
as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
l Entry Load
Not Applicable.
Cumulative Performance
l Exit Load
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l In respect of each purchase / switch-in of Units, an Exit Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
of 1.00% is payable if Units are redeemed / switched-out (`) (%)^ (%)# Returns
within 1 year from the date of allotment. (`)# Benchmark
(%) ## (`)##
l No Exit Load is payable if Units are redeemed / switched-out
after 1 year from the date of allotment. Dec 31, 15 Last 1 Year 444.610 7.26 3.84 3.01 10,726 10,384 10,301
Dec 31, 14 Last 2 Years 468.439 0.90 1.53 -0.59 10,181 10,309 9,883
For further details, please refer to para Exit Load on Pg 46.
Dec 31, 13 Last 3 Years 304.632 16.11 12.42 9.10 15,655 14,208 12,985
Jan 01, 95 Since Inception 10.000 19.19 9.23 N.A. 476,907 69,828 N.A.
l PlanS
Regular Plan, Direct Plan
Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Options ^ # ##
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 15 To Dec 30, 16 7.26 3.84 3.01
offers Dividend Payout and Reinvestment facility. Dec 31, 14 To Dec 31, 15 -5.09 -0.72 -4.06
Dec 31, 13 To Dec 31, 14 53.77 37.82 31.39
l Minimum Application Amount (Under each Plan / Option) ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth
Purchase : ` 5,000 and any amount thereafter. Option. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index.
Additional Purchase : ` 1,000 and any amount thereafter. @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A. Not Available. For performance of other schemes
managed by Prashant Jain, please refer page 46.
l Redemption Proceeds
This product is suitable for investors who are seeking ~ Riskometer
Normally despatched within 3-4 Business Days.
l Capital appreciation over long term.
For Tax Benefits / Consequences, Please refer to page 46
l Investmentpredominantly in equity and equity related
Date of migration from Zurich India Mutual Fund (Close of
business hours - June 19, 03 instruments of medium to large sized companies.
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 5
HDFC Top 200 Fund (An open-ended growth scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate long term capital appreciation from a portfolio (% of Net Assets)
of equity and equity linked instruments. The investment Company Industry+ % to
portfolio for equity and equity linked instruments will be NAV Banks 29.88
primarily drawn from the companies in the BSE 200 Index. Software 11.19
Further, the Scheme may also invest in listed companies that EQUITY & EQUITY RELATED
would qualify to be in the top 200 by market capitalisation Auto 7.48
on the BSE even though they may not be listed on the BSE. State Bank of India Banks 6.63 Power 6.10
This includes participation in large IPOs where in the market HDFC Bank Ltd. Banks 6.60 Finance 6.05
capitalisation of the company based on issue price would
make the company a part of the top 200 companies listed ICICI Bank Ltd. Banks 6.29 Construction Project 5.73
on the BSE based on market capitalisation. Petroleum Products 5.65
Larsen & Toubro Ltd. Construction Project 5.73
Ferrous Metals 4.64
l Fund Manager Infosys Ltd. Software 4.75 Pharmaceuticals 3.91
Prashant Jain (since June 19, 03) Reliance Industries Ltd. Petroleum Products 3.86 Industrial Capital Goods 3.18
Total Experience: Over 25 years
Tata Steel Ltd. Ferrous Metals 3.41 Consumer Non Durables 2.93
l Inception Date (Date of Allotment) Maruti Suzuki India Ltd. Auto 3.01 Cement 2.89
October 11, 1996 ITC Ltd. Consumer Non Oil 2.75
Durables 2.93 Telecom - Services 2.04
NAV NAV per Unit (`) Tata Motors Ltd. Auto 2.83 Pesticides 1.30
Regular Plan - Growth Option 372.676 Transportation 1.29
Regular Plan - Dividend Option 50.706 Total of Top Ten Holdings 46.04
Gas 1.16
Direct Plan - Growth Option 382.376 Total Equity & Equity Related Holdings 99.91
Direct Plan - Dividend Option 52.234 Media And Entertainment 1.00
Cash, Cash Equivalents and Net Current Assets 0.09 Chemicals 0.55
aSSETS UNDER MANAGEMENT (`) IN CRORE Grand Total 100.00 Non - Ferrous Metals 0.19
As on January 31, 2017 13,122.82 For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30
Average for Month of January, 2017 12,884.42

l quantitative data
SIP Performance
Portfolio Turnover Ratio (Last 1 year) 29.27%
Risk Ratio Since Inception 15 year 10 year 5 year 3 year 1 year
n Standard Deviation 5.245% SIP SIP SIP SIP SIP SIP
n Beta 1.172 Total Amount Invested (` 000) 2,430.00 1,800.00 1,200.00 600.00 360.00 120.00
n Sharpe Ratio* 0.198 Mkt Value as on December 30, 2016 (` 000) $$ 27,223.45 9,094.65 2,262.30 808.64 400.72 126.77
Computed for the 3-yr period ended January 31, 2017. Returns (Annualised) (%) $$ 20.37 19.43 12.18 11.89 7.09 10.65
Based on month-end NAV. Benchmark Returns (Annualised) (%) # 13.26 13.22 8.80 9.52 4.83 2.78
* Risk free rate: 6.25% (Source: FIMMDA MIBOR)
Addl. Benchmark Ret. (Annualised) (%) ## 11.96 12.41 7.46 6.99 1.73 1.18
l Total Expense Ratio Past performance may or may not be sustained in the future. # S&P BSE 200 ## S&P BSE SENSEX. Assuming ` 10,000
(Weighted Average for the month) invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
Regular 2.02% for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
Direct 1.32% consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not
be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising
Excluding Service Tax on Management Fees. or forecasting any returns.

l BENCHMARK INDEX Cumulative Performance


S&P BSE 200 Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l Entry Load (`) (%)^$$ (%)# Returns $$ (`)# Benchmark
Not Applicable. (%) ## (`)##
Dec 31, 15 Last 1 Year 323.900 8.52 3.95 1.95 10,852 10,395 10,195
l Exit Load Dec 31, 14 Last 2 Years 344.904 0.95 1.20 -1.60 10,191 10,242 9,683
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 13 Last 3 Years 235.401 14.30 11.53 7.94 14,932 13,874 12,577
Load of 1.00% is payable if Units are redeemed / switched-
out within 1 year from the date of allotment. Oct 11, 96 Since Inception 10.000 20.41 12.68 11.11 428,585 111,977 84,247
l No Exit Load is payable if Units are redeemed / switched- Discrete 12 month Returns (%)
out after 1 year from the date of allotment. Period Scheme Benchmark Additional Benchmark
For further details, please refer to para Exit Load on Pg 46. ^ $$ # ##
Dec 31, 15 To Dec 30, 16 8.52 3.95 1.95
l PlanS
Dec 31, 14 To Dec 31, 15 -6.09 -1.48 -5.03
Regular Plan, Direct Plan
Dec 31, 13 To Dec 31, 14 46.52 35.47 29.89
l Options ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth
Option. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE SENSEX.
Under Each Plan : Growth & Dividend. The Dividend Option $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of
offers Dividend Payout and Reinvestment facility. the Scheme at the then prevailing NAV (ex-dividend NAV). @ shows the current value of ` 10,000/- invested at the beginning of a given
period. For performance of other schemes managed by Prashant Jain, please refer page 46.
l Minimum Application Amount (Under each Plan / Option) This product is suitable for investors who are seeking ~ Riskometer
Purchase : ` 5,000 and any amount thereafter. l Capital appreciation over long term.
Additional Purchase : ` 1,000 and any amount thereafter.
l Investment in equity and equity linked instruments including
l Redemption Proceeds equity derivatives primarily drawn from the companies in the
S&P BSE 200 Index.
Normally despatched within 3-4 Business Days.
For Tax Benefits / Consequences, Please refer to page 46
Date of migration from Zurich India Mutual Fund (Close of
business hours - June 19, 03
Investors understand that their principal will be at
Dedicated Fund Manager for Overseas Investments: moderately high risk
Mr Rakesh Vyas (Total Experience: Over 12 years).
~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
6 January 2017 Intouch mutually
HDFC Capital Builder Fund (An open-ended growth scheme)
This is a simple and performing scheme which is eligible for Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
distribution by new cadre of distributors. (% of Net Assets)
Company Industry+ % to
l investment objective NAV Banks 27.57
Pharmaceuticals 8.13
To achieve capital appreciation in the long term. EQUITY & EQUITY RELATED Software 8.08
HDFC Bank Ltd. Banks 8.01 Construction Project 6.12
l Fund Manager Petroleum Products 5.74
Chirag Setalvad (since April 2, 07) ICICI Bank Ltd. Banks 4.72 Construction 4.28
Total Experience: Over 19 years & Tata Motors Ltd. Auto 4.21 Auto 4.21
Miten Lathia (since May 10, 12) State Bank of India Banks 4.00 Consumer Durables 4.14
Total Experience: Over 16 years Cement 3.35
Reliance Industries Ltd. Petroleum Products 3.74
Media And Entertainment 3.25
Infosys Ltd. Software 3.39 Transportation 2.67
l Inception Date (Date of Allotment)
Grasim Industries Ltd. Cement 3.35 Consumer Non Durables 2.30
February 1, 1994
Yes Bank Ltd. Banks 3.06 Telecom - Services 2.08
Power 1.92
NAV NAV per Unit (`) Cipla Ltd. Pharmaceuticals 2.95
Chemicals 1.78
Regular Plan - Growth Option 223.409 Indusind Bank Ltd. Banks 2.88 Hotels, Resorts & Other Recreational Activities 1.73
Regular Plan - Dividend Option 27.219 Total of Top Ten Holdings 40.31 Gas 1.71
Direct Plan - Growth Option 229.812 Auto Ancillaries 1.70
Direct Plan - Dividend Option 28.168 Total Equity & Equity Related Holdings 96.22
Telecom - Equipment & Accessories 1.30
Cash margin/ Earmarked cash for Futures & Options 0.06 Non - Ferrous Metals 1.28
aSSETS UNDER MANAGEMENT (`) IN CRORE Cash, Cash Equivalents and Net Current Assets 3.72 Retailing 1.15
As on January 31, 2017 1,367.66 Industrial Products 0.88
Average for Month of January, 2017 1,350.64 Grand Total 100.00 Industrial Capital Goods 0.85
For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30
l quantitative data
Portfolio Turnover Ratio (Last 1 year) 28.39%
Risk Ratio
n Standard Deviation 4.758%
SIP Performance
n Beta 1.060 Since Inception 15 year 10 year 5 year 3 year 1 year
n Sharpe Ratio* 0.254 SIP SIP SIP SIP SIP SIP
Computed for the 3-yr period ended January 31, 2017. Total Amount Invested (` 000) 2,750.00 1,800.00 1,200.00 600.00 360.00 120.00
Based on month-end NAV. Mkt Value as on December 30, 2016 (` 000) 31,525.52 9,022.40 2,510.07 880.24 415.10 124.03
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) Returns (Annualised) (%) 17.96 19.34 14.13 15.33 9.48 6.30
Benchmark Returns (Annualised) (%) # 12.33 13.27 8.98 10.12 5.36 3.01
l Total Expense Ratio
(Weighted Average for the month) Addl. Benchmark Ret. (Annualised) (%) ## 11.31 12.31 7.92 7.69 2.79 1.61
Regular 2.47% Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000 invested
Direct 1.32% 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. Load is not taken into consideration for
Excluding Service Tax on Management Fees. computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
l BENCHMARK INDEX
NIFTY 500 Index Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Entry Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Not Applicable. (`) (%)^ (%)# Returns (`)# Benchmark
(%) ## (`)##
l Exit Load Dec 31, 15 Last 1 Year 204.882 3.83 3.84 3.01 10,383 10,384 10,301
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 14 Last 2 Years 195.844 4.22 1.53 -0.59 10,862 10,309 9,883
Load of 1.00% is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 128.883 18.18 12.42 9.10 16,505 14,208 12,985
out within 1 year from the date of allotment.
Feb 01, 94 Since Inception 10.000 14.27 8.56 8.62 212,724 65,701 66,555
l No Exit Load is payable if Units are redeemed / switched-
out after 1 year from the date of allotment. Discrete 12 month Returns (%)
For further details, please refer to para Exit Load on Pg 46. Period Scheme Benchmark Additional Benchmark
^ # ##
l PlanS Dec 31, 15 To Dec 30, 16 3.83 3.84 3.01
Regular Plan, Direct Plan Dec 31, 14 To Dec 31, 15 4.61 -0.72 -4.06
Dec 31, 13 To Dec 31, 14 51.95 37.82 31.39
l Options ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Under Each Plan : Growth & Dividend. The Dividend Option greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. @ shows the current
offers Dividend Payout and Reinvestment facility. value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Chirag Setalvad &
Miten Lathia, please refer page 46.
l Minimum Application Amount (Under each Plan / Option) This product is suitable for investors who are seeking ~ Riskometer
Purchase : ` 5,000 and any amount thereafter.
l Capital appreciation over long term.
Additional Purchase : ` 1,000 and any amount thereafter.
l Investmentpredominantly in equity and equity related
l Redemption Proceeds instruments of strong companies.
Normally despatched within 3-4 Business Days.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years). 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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 7
HDFC Core & Satellite Fund (An open-ended growth scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate capital appreciation through equity investment (% of Net Assets)
in companies whose shares are quoting at prices below Company Industry+ % to
their true value. NAV Industrial Capital Goods 17.05
EQUITY & EQUITY RELATED Power 11.28
l Fund Manager
Bharat Petroleum Auto 11.04
Vinay Kulkarni (since November 21, 06) Corporation Ltd. Petroleum Products 6.97
Total Experience: Over 26 years Construction Project 10.05
Larsen & Toubro Ltd. Construction Project 6.60
Tata Motors Ltd. DVR Auto 6.42 Banks 9.85
l Inception Date (Date of Allotment) Grasim Industries Ltd. Cement 6.35 Petroleum Products 6.97
September 17, 2004 Cipla Ltd. Pharmaceuticals 6.13
Cement 6.35
Bharat Electronics Ltd. Industrial Capital
NAV NAV per Unit (`) Goods 5.86 Pharmaceuticals 6.13
Regular Plan - Growth Option 66.834 ICICI Bank Ltd. Banks 5.31 Software 3.77
Regular Plan - Dividend Option 19.863 NHPC Ltd. Power 5.04
Direct Plan - Growth Option 68.933 Commercial Services 3.45
Maruti Suzuki India Ltd. Auto 4.62
Direct Plan - Dividend Option 20.822 State Bank of India Banks 4.54 Auto Ancillaries 3.38
Total of Top Ten Holdings 57.84 Healthcare Services 2.49
aSSETS UNDER MANAGEMENT (`) IN CRORE Total Equity & Equity Related Holdings 98.08
Transportation 2.15
As on January 31, 2017 574.08 Credit Exposure
Average for Month of January, 2017 566.00 Au Financiers (India) Ltd. FITCH - A+ 0.71 Finance 1.72
Total Credit Exposure 0.71 Construction 1.34
l quantitative data Cash, Cash Equivalents and Net Current Assets 1.21
Media And Entertainment 1.06
Portfolio Turnover Ratio (Last 1 year) 16.77% Grand Total 100.00
0 2 4 6 8 10 12 14 16 18
Risk Ratio For complete portfolio, please visit www.hdfcfund.com
n Standard Deviation 6.125%
n Beta 1.281
n Sharpe Ratio* 0.215
SIP Performance
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. Since Inception 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP SIP SIP SIP SIP
Total Amount Invested (` 000) 1,480.00 1,200.00 600.00 360.00 120.00
l Total Expense Ratio Mkt Value as on December 30, 2016 (` 000) 3,300.57 2,175.81 839.21 412.86 126.13
(Weighted Average for the month)
Returns (Annualised) (%) 12.27 11.45 13.39 9.11 9.62
Regular 2.42% Benchmark Returns (Annualised) (%) # 9.98 8.80 9.52 4.83 2.78
Direct 1.11% Addl. Benchmark Ret. (Annualised) (%) ## 9.15 7.46 6.99 1.73 1.18
Excluding Service Tax on Management Fees. Past performance may or may not be sustained in the future. # S&P BSE 200 ## S&P BSE Sensex. 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
l BENCHMARK INDEX flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
S&P BSE 200 on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

l Entry Load
Cumulative Performance
Not Applicable.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Exit Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark
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. Dec 31, 15 Last 1 Year 61.821 2.10 3.95 1.95 10,210 10,395 10,195
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 14 Last 2 Years 58.881 3.54 1.20 -1.60 10,720 10,242 9,683
out after 1 year from the date of allotment. Dec 31, 13 Last 3 Years 38.879 17.53 11.53 7.94 16,235 13,874 12,577
For further details, please refer to para Exit Load on Pg 46. Sep 17, 04 Since Inception 10.000 16.17 13.69 13.59 63,122 48,444 47,879
Discrete 12 month Returns (%)
l PlanS Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan ^ # ##
Dec 31, 15 To Dec 30, 16 2.10 3.95 1.95
l Options Dec 31, 14 To Dec 31, 15 4.99 -1.48 -5.03
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 13 To Dec 31, 14 51.45 35.47 29.89
offers Dividend Payout and Reinvestment facility.
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE Sensex. @ shows the current
l Minimum Application Amount (Under each Plan / Option) value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Vinay Kulkarni,
Purchase : ` 5,000 and any amount thereafter. please refer page 46.
Additional Purchase : ` 1,000 and any amount thereafter.
This product is suitable for investors who are seeking ~ Riskometer
l Redemption Proceeds l Capital appreciation over long term.
Normally despatched within 3-4 Business Days. l Investment primarily in equity and equity related instruments of
For Tax Benefits / Consequences, Please refer to page 46 companies whose shares are quoting at prices below their true
Dedicated Fund Manager for Overseas Investments: value.
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
8 January 2017 Intouch mutually
HDFC Premier Multi-cap Fund (An open-ended growth scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate capital appreciation in the long term through (% of Net Assets)
equity investments by investing in a diversified portfolio of Company Industry+ % to
Mid Cap and Large Cap blue chip companies. NAV Banks 29.73

EQUITY & EQUITY RELATED Construction Project 11.77


l Fund Manager
State Bank of India Banks 8.77 Auto 10.85
Vinay Kulkarni (since November 21, 06)
Total Experience: Over 26 years ICICI Bank Ltd. Banks 6.98
Industrial Capital Goods 10.02
Tata Motors Ltd. DVR Auto 6.80
Bank of Baroda Banks 5.02 Software 4.79
l Inception Date (Date of Allotment)
April 6, 2005 Infosys Ltd. Software 4.79 Petroleum Products 4.70
Bharat Petroleum Cement 4.36
NAV NAV per Unit (`) Corporation Ltd. Petroleum Products 4.70
Regular Plan - Growth Option 45.859 Hindustan Construction Construction 4.22
Regular Plan - Dividend Option 14.135 Company Ltd. Construction Project 4.41 Consumer Durables 4.19
Direct Plan - Growth Option 46.954 Grasim Industries Ltd. Cement 4.36
Direct Plan - Dividend Option 14.532 Ferrous Metals 4.15
Bharat Electronics Ltd. Industrial Capital
Goods 4.23 Pharmaceuticals 3.16
aSSETS UNDER MANAGEMENT (`) IN CRORE
Punjab National Bank Banks 4.19 Power 2.21
As on January 31, 2017 291.08
Total of Top Ten Holdings 54.25
Average for Month of January, 2017 285.62 Hotels, Resorts & Other Recreational Activities 1.60
Total Equity & Equity Related Holdings 97.98
Oil 1.26
l quantitative data Cash, Cash Equivalents and Net Current Assets 2.02
Portfolio Turnover Ratio (Last 1 year) 6.94% Telecom - Equipment & Accessories 0.97
Grand Total 100.00
Risk Ratio 0 5 10 15 20 25 30
n Standard Deviation 6.005% For complete portfolio, please visit www.hdfcfund.com
n Beta 1.277
n Sharpe Ratio* 0.189
Computed for the 3-yr period ended January 31, 2017. SIP Performance
Based on month-end NAV. Since Inception 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR)
SIP SIP SIP SIP SIP
l Total Expense Ratio Total Amount Invested (` 000) 1,410.00 1,200.00 600.00 360.00 120.00
(Weighted Average for the month) Mkt Value as on December 30, 2016 (` 000) 2,685.38 2,021.38 789.22 393.18 125.04
Regular 2.54% Returns (Annualised) (%) 10.45 10.06 10.91 5.81 7.89
Direct 1.94% Benchmark Returns (Annualised) (%) # 9.47 8.98 10.12 5.36 3.01
Excluding Service Tax on Management Fees. Addl. Benchmark Ret. (Annualised) (%) ## 8.85 7.92 7.69 2.79 1.61
Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000
l BENCHMARK INDEX 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. Load is not taken into
NIFTY 500 Index consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be
construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or
l Entry Load forecasting any returns.
Not Applicable. Cumulative Performance
l Exit Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l In respect of each purchase / switch-in of Units, an Exit
(`) (%)^ (%)# Returns (`)# Benchmark
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- Dec 31, 15 Last 1 Year 42.948 0.17 3.84 3.01 10,017 10,384 10,301
out after 1 year from the date of allotment. Dec 31, 14 Last 2 Years 43.476 -0.53 1.53 -0.59 9,895 10,309 9,883
For further details, please refer to para Exit Load on Pg 46. Dec 31, 13 Last 3 Years 28.590 14.59 12.42 9.10 15,047 14,208 12,985
Apr 06, 05 Since Inception 10.000 13.23 12.20 12.42 43,019 38,643 39,558
l PlanS Discrete 12 month Returns (%)
Regular Plan, Direct Plan Period Scheme Benchmark Additional Benchmark
^ # ##
l Options Dec 31, 15 To Dec 30, 16 0.17 3.84 3.01
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 14 To Dec 31, 15 -1.21 -0.72 -4.06
offers Dividend Payout and Reinvestment facility.
Dec 31, 13 To Dec 31, 14 52.07 37.82 31.39
l Minimum Application Amount (Under each Plan / Option) ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. @ shows the current
Purchase : ` 5,000 and any amount thereafter. value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Vinay Kulkarni,
Additional Purchase : ` 1,000 and any amount thereafter. please refer page 46.

l Redemption Proceeds This product is suitable for investors who are seeking ~ Riskometer
Normally despatched within 3-4 Business Days. l Capital appreciation over long term.
l Investment predominantly in equity and equity related
l Segment-wise break-up instruments of Mid Cap and Large Cap blue chip companies.
of equity holding (% of net assets)
Large Cap 29.26%
Mid Cap 68.72%

For Tax Benefits / Consequences, Please refer to page 46


Investors understand that their principal will be at
Dedicated Fund Manager for Overseas Investments: moderately high risk
Mr Rakesh Vyas (Total Experience: Over 12 years).
~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 9
HDFC Large Cap Fund (An open-ended equity scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To provide long-term capital appreciation by investing (% of Net Assets)
predominantly in large cap companies. Company Industry+ % to
NAV
Banks 35.67
l Fund Manager EQUITY & EQUITY RELATED
Vinay Kulkarni (since June 28, 14) HDFC Bank Ltd. Banks 9.04 Petroleum Products 16.41
Total Experience: Over 26 years ICICI Bank Ltd. Banks 8.92
State Bank of India Banks 8.87 Auto 14.30
l Inception Date (Date of Allotment) Reliance Industries Ltd. Petroleum Products 8.33
February 18, 1994 Larsen & Toubro Ltd. Construction Project 8.00 Construction Project 8.00
Bharat Petroleum
NAV NAV per Unit (`) Corporation Ltd. Petroleum Products 7.48 Software 7.87
Regular Plan - Growth Option 91.580 ITC Ltd. Consumer Non
Durables 6.99
Regular Plan - Dividend Option 21.397 Consumer Non Durables 6.99
Direct Plan - Growth Option 92.312 Tata Motors Ltd. DVR Auto 6.60
Direct Plan - Dividend Option 23.825 Axis Bank Ltd. Banks 6.56
Infosys Ltd. Software 5.04 Cement 3.15
aSSETS UNDER MANAGEMENT (`) IN CRORE Total of Top Ten Holdings 75.83
Power 2.86
As on January 31, 2017 1,172.50 Investment in ADR/GDR/Foreign Securities
Average for Month of January, 2017 1,156.06 Cognizant Technology
Solutions Corp Software 2.83 Oil 1.87
l quantitative data Total Equity & Equity Related Holdings 99.08
Transportation 1.12
Portfolio Turnover Ratio (Last 1 year) 16.11% Cash, Cash Equivalents and Net Current Assets 0.92
Risk Ratio Grand Total 100.00 Gas 0.84
n Standard Deviation 4.236%
n Beta
For complete portfolio, please visit www.hdfcfund.com
0.975 0 5 10 15 20 25 30 35 40
n Sharpe Ratio* 0.101 Investment in Foreign Securities (` in Crore) 33.12
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. SIP Performance
* Risk free rate: 6.25% (Source: FIMMDA MIBOR)
Since Inception 5 year 3 year 1 year
l Total Expense Ratio SIP SIP SIP SIP
(Weighted Average for the month) Total Amount Invested (` 000) 1,040.00 600.00 360.00 120.00
Regular 2.21% Mkt Value as on December 30, 2016 (` 000) $$ 1,497.43 723.63 375.92 123.00
Direct 2.11% Returns (Annualised) (%) $$ 8.21 7.43 2.83 4.67
Excluding Service Tax on Management Fees. Benchmark Returns (Annualised) (%) # 8.53 7.69 2.79 1.61
Addl. Benchmark Ret. (Annualised) (%) ## 8.09 6.99 1.73 1.18
l BENCHMARK INDEX Past performance may or may not be sustained in the future. # NIFTY 50 Index ## S&P BSE Sensex. Assuming ` 10,000 invested
NIFTY 50 Index 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. Load is not taken into consideration for
computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
l Entry Load on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
Not Applicable.

l Exit Load Cumulative Performance


l In respect of each purchase / switch-in of Units, an Exit Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Load of 1.00% is payable if Units are redeemed / switched- per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
out within 1 year from the date of allotment. (`) (%)^$$ (%)# Returns $$ (`)# Benchmark
(%) ## (`)##
l No Exit Load is payable if Units are redeemed / switched-
out after 1 year from the date of allotment. Dec 31, 15 Last 1 Year 84.214 3.92 3.01 1.95 10,392 10,301 10,195
For further details, please refer to para Exit Load on Pg 46. Dec 31, 14 Last 2 Years 88.497 -0.56 -0.59 -1.60 9,889 9,883 9,683
Dec 31, 13 Last 3 Years 69.430 8.02 9.10 7.94 12,604 12,985 12,577
l PlanS Feb 18, 94 Since Inception 10.000 10.53 8.63 8.74 98,715 66,435 68,011
Regular Plan, Direct Plan Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Options ^$$ # ##
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 15 To Dec 30, 16 3.92 3.01 1.95
offers Dividend Payout and Reinvestment facility.
Dec 31, 14 To Dec 31, 15 -4.84 -4.06 -5.03
l Minimum Application Amount (Under each Plan / Option) Dec 31, 13 To Dec 31, 14 27.46 31.39 29.89
Purchase : ` 5,000 and any amount thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Additional Purchase : ` 1,000 and any amount thereafter. greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index ## S&P BSE Sensex. @ shows the current value
of ` 10,000/- invested at the beginning of a given period. $$ 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
l Redemption Proceeds managed by Vinay Kulkarni, please refer page 46.
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
For Tax Benefits / Consequences, Please refer to page 46 l Capital appreciation over long term.
Date of migration from Morgan Stanley Mutual Fund (Close l Investment in equity and equity related instruments of Large Cap
of business hours - June 27, 14 companies.
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
10 January 2017 Intouch mutually
HDFC Mid-Cap Opportunities Fund (An open-ended equity scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate long-term capital appreciation from a portfolio (% of Net Assets)
that is substantially constituted of equity and equity related Company Industry+ % to
securities of Small and Mid-Cap companies. NAV Banks 16.16
Industrial Products 10.21
l Fund Manager EQUITY & EQUITY RELATED Auto Ancillaries 10.08
Chirag Setalvad (since June 25, 07) Hindustan Petroleum Consumer Durables 6.88
Total Experience: Over 19 years Corporation Ltd. Petroleum Products 3.26 Pharmaceuticals 6.80
Tube Investments of India Ltd. Auto Ancillaries 2.95 Finance 6.42
l Inception Date (Date of Allotment) Yes Bank Ltd. Banks 2.32 Software 4.70
June 25, 2007 Voltas Ltd. Construction Project 2.28 Media And Entertainment 4.15
UPL Ltd. Pesticides 2.25 Industrial Capital Goods 3.47
Aurobindo Pharma Ltd. Pharmaceuticals 2.22 Construction Project 3.39
NAV NAV per Unit (`)
Petroleum Products 3.26
Regular Plan - Growth Option 45.131 Indusind Bank Ltd. Banks 2.21
Pesticides 3.10
Regular Plan - Dividend Option 29.771 Sundram Fasteners Ltd. Auto Ancillaries 2.17
Direct Plan - Growth Option 46.570 Transportation 2.08
Adani Ports and Special Consumer Non Durables 1.81
Direct Plan - Dividend Option 34.390 Economic Zone Ltd. Transportation 2.08
Chemicals 1.81
Bajaj Finance Ltd. Finance 1.99 Retailing 1.77
aSSETS UNDER MANAGEMENT (`) IN CRORE
Total of Top Ten Holdings 23.73 Construction 1.60
As on January 31, 2017 13,826.97 Total Equity & Equity Related Holdings 93.95
Average for Month of January, 2017 13,491.14 Gas 1.42
Cash margin/ Earmarked cash for Futures & Options 0.48 Hotels, Resorts & Other Recreational Activities 1.42
Cash, Cash Equivalents and Net Current Assets 5.57 Trading 1.16
l quantitative data
Textiles - Cotton 1.07
Portfolio Turnover Ratio (Last 1 year) 22.72% Grand Total 100.00
Oil 0.78
Risk Ratio For complete portfolio, please visit www.hdfcfund.com Services 0.41
n Standard Deviation 4.778% Outstanding exposure in 0 2 4 6 81012141618
n Beta 0.889 derivative instruments (` in Crore) 63.76
n Sharpe Ratio* 0.394
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. SIP Performance
* Risk free rate: 6.25% (Source: FIMMDA MIBOR)
Since Inception 5 year 3 year 1 year
l Total Expense Ratio SIP SIP SIP SIP
(Weighted Average for the month) Total Amount Invested (` 000) 1,150.00 600.00 360.00 120.00
Regular 2.18% Mkt Value as on December 30, 2016 (` 000) 3,260.62 1,064.72 460.26 127.77
Direct 1.28% Returns (Annualised) (%) 20.72 23.15 16.64 12.24
Excluding Service Tax on Management Fees. Benchmark Returns (Annualised) (%) # 12.70 15.99 12.28 6.42
Addl. Benchmark Ret. (Annualised) (%) ## 7.94 7.69 2.79 1.61
l BENCHMARK INDEX Past performance may or may not be sustained in the future. # NIFTY Free Float Midcap 100 Index ## NIFTY 50 Index.
NIFTY Free Float Midcap 100 Index 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. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
l Entry Load purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
Not Applicable. not guaranteeing or promising or forecasting any returns.
Cumulative Performance
l Exit Load
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l In respect of each purchase / switch-in of Units, an Exit per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Load of 1.00% is payable if Units are redeemed / switched-
(`) (%)^ (%)# Returns (`)# Benchmark
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. Dec 31, 15 Last 1 Year 38.190 11.35 7.13 3.01 11,135 10,713 10,301
For further details, please refer to para Exit Load on Pg 46. Dec 31, 14 Last 2 Years 36.093 8.54 6.79 -0.59 11,782 11,405 9,883
Dec 31, 13 Last 3 Years 20.434 27.67 21.15 9.10 20,810 17,781 12,985
l PlanS Jun 25, 07 Since Inception 10.000 16.42 9.93 7.10 42,524 24,629 19,218
Regular Plan, Direct Plan Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Options ^ # ##
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 15 To Dec 30, 16 11.35 7.13 3.01
offers Dividend Payout and Reinvestment facility.
Dec 31, 14 To Dec 31, 15 5.81 6.46 -4.06
l Minimum Application Amount (Under each Plan / Option) Dec 31, 13 To Dec 31, 14 76.63 55.91 31.39
Purchase : ` 5,000 and any amount thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Additional Purchase : ` 1,000 and any amount thereafter. greater than 1 year period are compounded annualized (CAGR). # NIFTY Free Float Midcap 100 Index ## NIFTY 50 Index. @
shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by
Chirag Setalvad, please refer page 46.
l Redemption Proceeds
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
l Capital appreciation over long term.
l Segment-wise break-up
of equity holding (% of net assets) l Investmentpredominantly in equity and equity related
Large Cap 0.00% instruments of Small and Mid Cap companies.
Mid Cap 93.95%

For Tax Benefits / Consequences, Please refer to page 46


Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years). 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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 11
HDFC Small Cap Fund (An open-ended equity scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To provide long-term capital appreciation by investing (% of Net Assets)
predominantly in Small-Cap and Mid-Cap companies. Company Industry+ % to
NAV Banks 13.89
l Fund Manager Industrial Products 11.19
EQUITY & EQUITY RELATED Auto Ancillaries 11.07
Chirag Setalvad (since June 27, 14)
Total Experience: Over 19 years Carborundum Universal Ltd. Industrial Products 3.70 Construction Project 7.02
Yes Bank Ltd. Banks 3.67 Chemicals 6.73
l Inception Date (Date of Allotment) Consumer Durables 5.80
Aarti Industries Ltd. Chemicals 3.59
Industrial Capital Goods 4.87
April 3, 2008 Aurobindo Pharma Ltd. Pharmaceuticals 3.43 Construction 3.88
Tube Investments of India Ltd. Auto Ancillaries 3.40 Software 3.74
NAV NAV per Unit (`)
City Union Bank Ltd. Banks 3.19 Pharmaceuticals 3.43
Regular Plan - Growth Option 30.245 Finance 3.31
Regular Plan - Dividend Option 21.665 Oriental Carbon & Chemicals Ltd. Chemicals 3.14
Direct Plan - Growth Option 31.443 Media And Entertainment 3.29
Apar Industries Limited Industrial Capital
Direct Plan - Dividend Option 22.731 Goods 2.79 Auto 2.72
Textiles - Synthetic 2.29
Balkrishna Industries Ltd. Auto Ancillaries 2.73
aSSETS UNDER MANAGEMENT (`) IN CRORE Power 2.02
KEC International Ltd. Construction Project 2.43 Trading 1.88
As on January 31, 2017 950.78
Average for Month of January, 2017 939.95 Total of Top Ten Holdings 32.07 Textiles - Cotton 1.86
Total Equity & Equity Related Holdings 94.64 Hotels, Resorts & Other Recreational Activities 1.64
l quantitative data Cash margin/ Earmarked cash for Futures & Options 0.06 Transportation 1.57
Portfolio Turnover Ratio (Last 1 year) 27.12% Pesticides 1.48
Cash, Cash Equivalents and Net Current Assets 5.30
Cement 0.78
Risk Ratio
Grand Total 100.00 Consumer Non Durables 0.18
n Standard Deviation 4.580%
n Beta For complete portfolio, please visit www.hdfcfund.com 0 2 4 6 8 101214
0.520
n Sharpe Ratio* 0.281
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV.
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP Performance
Since Inception 5 year 3 year 1 year
l Total Expense Ratio SIP SIP SIP SIP
(Weighted Average for the month)
Total Amount Invested (` 000) 1,050.00 600.00 360.00 120.00
Regular 2.29%
Direct 1.18% Mkt Value as on December 30, 2016 (` 000) 2,118.16 910.49 431.54 124.82
Excluding Service Tax on Management Fees. Returns (Annualised) (%) 15.50 16.71 12.14 7.55
Benchmark Returns (Annualised) (%) # 11.08 13.81 9.22 7.63
l BENCHMARK INDEX Addl. Benchmark Ret. (Annualised) (%) ## 8.49 7.69 2.79 1.61
NIFTY Free Float Smallcap 100 Index Past performance may or may not be sustained in the future. # NIFTY Free Float Smallcap 100 Index ## NIFTY 50 Index.
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
l Entry Load Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
Not Applicable. purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns.
l Exit Load Cumulative Performance
l In respect of each purchase / switch-in of Units, an Exit
Load of 1.00% is payable if Units are redeemed / switched- Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
out within 1 year from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark
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 46. Dec 31, 15 Last 1 Year 27.303 5.43 2.26 3.01 10,543 10,226 10,301
Dec 31, 14 Last 2 Years 25.655 5.93 4.71 -0.59 11,220 10,963 9,883
l PlanS Dec 31, 13 Last 3 Years 16.936 19.34 19.32 9.10 16,997 16,988 12,985
Regular Plan, Direct Plan Apr 03, 08 Since Inception 10.000 12.85 5.26 6.36 28,786 15,664 17,155
Discrete 12 month Returns (%)
l Options
Period Scheme Benchmark Additional Benchmark
Under Each Plan : Growth & Dividend. The Dividend Option ^ # ##
offers Dividend Payout and Reinvestment facility.
Dec 31, 15 To Dec 30, 16 5.43 2.26 3.01
l Minimum Application Amount (Under each Plan / Option) Dec 31, 14 To Dec 31, 15 6.42 7.21 -4.06
Purchase : ` 5,000 and any amount thereafter. Dec 31, 13 To Dec 31, 14 51.48 54.95 31.39
Additional Purchase : ` 1,000 and any amount thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # NIFTY Free Float Smallcap 100 Index ## NIFTY 50 Index.
l Redemption Proceeds @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
Normally despatched within 3-4 Business Days. by Chirag Setalvad, please refer page 46.

l Segment-wise break-up This product is suitable for investors who are seeking ~ Riskometer
of equity holding (% of net assets) l Capital appreciation over long term.
Mid Cap 8.78%
l Investmentpredominantly in equity and equity related
Small Cap 85.86%
instruments of Small-Cap and Mid-Cap companies.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
12 January 2017 Intouch mutually
(An open-ended equity linked saving
HDFC Long Term Advantage Fund scheme with a lock-in period of 3 years)

l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding


To generate long term capital appreciation from a portfolio (% of Net Assets)
that is invested predominantly in equity and equity related Company Industry+ % to
instruments. NAV Banks 19.60
Industrial Products 12.84
EQUITY & EQUITY RELATED
l Fund Manager Petroleum Products 9.74
ICICI Bank Ltd. Banks 6.28
Chirag Setalvad (since April 2, 07) Software 9.58
Total Experience: Over 19 years HDFC Bank Ltd. Banks 5.51
Auto 8.55
Infosys Ltd. Software 5.50
Auto Ancillaries 6.24
l Inception Date (Date of Allotment) Reliance Industries Ltd. Petroleum Products 5.37
Construction Project 5.03
January 2, 2001 State Bank of India Banks 5.27
Finance 4.26
Tata Motors Ltd. DVR Auto 4.79
NAV NAV per Unit (`) Consumer Durables 4.19
Larsen & Toubro Ltd. Construction Project 4.56
Regular Plan - Growth Option 271.317 Consumer Non Durables 3.32
Bharat Petroleum
Regular Plan - Dividend Option 40.101 Corporation Ltd. Petroleum Products 4.37 Power 2.42
Direct Plan - Growth Option 277.579
Direct Plan - Dividend Option 41.861 Housing Development Industrial Capital Goods 1.93
Finance Corporation Ltd. Finance 4.26 Trading 1.59
aSSETS UNDER MANAGEMENT (`) IN CRORE Vesuvius India Ltd. Industrial Products 3.91 Pharmaceuticals 1.35
As on January 31, 2017 1,283.93 Total of Top Ten Holdings 49.82 Chemicals 1.19
Average for Month of January, 2017 1,260.76 Total Equity & Equity Related Holdings 94.32 Telecom - Services 1.08
Cash, Cash Equivalents and Net Current Assets 5.68 Ferrous Metals 1.08
l quantitative data
Grand Total 100.00 Media And Entertainment 0.33
Portfolio Turnover Ratio (Last 1 year) 9.95%
For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20
Risk Ratio
n Standard Deviation 4.265% Co-sponsor
n Beta 0.982
n Sharpe Ratio* 0.249
SIP Performance
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. Since Inception 15 year 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP SIP SIP SIP SIP SIP
Total Amount Invested (` 000) 1,920.00 1,800.00 1,200.00 600.00 360.00 120.00
l Total Expense Ratio Mkt Value as on December 30, 2016 (` 000) 12,001.68 8,693.33 2,411.56 869.86 419.83 128.49
(Weighted Average for the month) Returns (Annualised) (%) 20.35 18.92 13.38 14.85 10.25 13.40
Regular 2.29% Benchmark Returns (Annualised) (%) # 12.74 12.41 7.46 6.99 1.73 1.18
Direct 1.64% Addl. Benchmark Ret. (Annualised) (%) ## 12.59 12.31 7.92 7.69 2.79 1.61
Excluding Service Tax on Management Fees. Past performance may or may not be sustained in the future. # S&P BSE SENSEX ## NIFTY 50 Index. 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
l BENCHMARK INDEX flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
S&P BSE Sensex on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

l Entry Load
Cumulative Performance
Not Applicable.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l Exit Load
(`) (%)^ (%)# Returns (`)# Benchmark
Nil (%) ## (`)##
l PlanS Dec 31, 15 Last 1 Year 230.008 13.02 1.95 3.01 11,302 10,195 10,301
Dec 31, 14 Last 2 Years 235.667 5.02 -1.60 -0.59 11,030 9,683 9,883
Regular Plan, Direct Plan
Dec 31, 13 Last 3 Years 162.886 16.86 7.94 9.10 15,959 12,577 12,985
Jan 02, 01 Since Inception 10.000 22.58 12.54 12.34 259,945 66,253 64,364
l Options
Discrete 12 month Returns (%)
Under Each Plan : Growth & Dividend. The Dividend Option
offers Dividend Payout facility. Period Scheme Benchmark Additional Benchmark
^ # ##
l Minimum Application Amount (Under each Plan / Option) Dec 31, 15 To Dec 30, 16 13.02 1.95 3.01
Purchase : ` 500 and in multiples of ` 500 thereafter. Dec 31, 14 To Dec 31, 15 -2.40 -5.03 -4.06
Additional Purchase : ` 500 and in multiples of ` 500 thereafter. Dec 31, 13 To Dec 31, 14 44.68 29.89 31.39
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
l Redemption Proceeds Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX ## NIFTY 50 Index. @ shows the
Normally despatched within 3-4 Business Days. current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Chirag
Setalvad, please refer page 46.
l LOCK-IN PERIOD
This product is suitable for investors who are seeking ~ Riskometer
3 years from the date of allotment of the respective Units
l Capital appreciation over long term.
For Tax Benefits / Consequences, Please refer to page 46 l Investment predominantly in equity and equity related instruments.
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 13
HDFC TaxSaver (An open-ended equity linked saving scheme with a lock-in period of 3 years)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To achieve long term growth of capital. (% of Net Assets)
Company Industry+ % to
Banks 28.16
l Fund Manager NAV Construction Project 10.22
Vinay Kulkarni (since November 21, 06) Auto 7.67
EQUITY & EQUITY RELATED
Total Experience: Over 26 years Petroleum Products 7.50
State Bank of India Banks 8.08 Industrial Capital Goods 5.77
ICICI Bank Ltd. Banks 5.57 Software 5.35
l Inception Date (Date of Allotment)
Larsen & Toubro Ltd. Construction Project 5.44 Power 5.00
March 31, 1996 Pharmaceuticals 4.92
HDFC Bank Ltd. Banks 5.00
Cement 3.62
NAV NAV per Unit (`) Tata Motors Ltd. DVR Auto 4.87 Ferrous Metals 3.19
Bharat Petroleum Consumer Non Durables 3.06
Regular Plan - Growth Option 433.314 Corporation Ltd. Petroleum Products 4.02
Regular Plan - Dividend Option 62.191 Consumer Durables 2.72
Direct Plan - Growth Option 443.719 Bharat Electronics Ltd. Industrial Capital Auto Ancillaries 2.48
Goods 3.84 Gas 1.55
Direct Plan - Dividend Option 64.001
Cipla Ltd. Pharmaceuticals 3.77 Industrial Products 1.53
Reliance Industries Ltd. Petroleum Products 3.37 Oil 1.37
aSSETS UNDER MANAGEMENT (`) IN CRORE
Tata Steel Ltd. Ferrous Metals 3.19 Transportation 1.26
As on January 31, 2017 5,589.15 Chemicals 1.13
Average for Month of January, 2017 5,437.82 Total of Top Ten Holdings 47.15 Non - Ferrous Metals 0.91
Total Equity & Equity Related Holdings 99.65 Telecom - Services 0.71
l quantitative data Cash margin/ Earmarked cash for Futures & Options 0.05 Hotels, Resorts & Other Recreational Activities 0.58
Portfolio Turnover Ratio (Last 1 year) 36.85% Media And Entertainment 0.57
Cash, Cash Equivalents and Net Current Assets 0.30
Pesticides 0.32
Risk Ratio Grand Total 100.00 Diversified Consumer Service 0.06
n Standard Deviation 5.397%
n Beta For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30
1.157
n Sharpe Ratio* 0.222
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. SIP Performance
* Risk free rate: 6.25% (Source: FIMMDA MIBOR)
Since Inception 15 year 10 year 5 year 3 year 1 year
l Total Expense Ratio SIP SIP SIP SIP SIP SIP
(Weighted Average for the month) Total Amount Invested (` 000) 2,490.00 1,800.00 1,200.00 600.00 360.00 120.00
Regular 2.17% Mkt Value as on December 30, 2016 (` 000) $$ 51,082.84 9,153.49 2,315.38 838.79 405.07 127.91
Direct 1.47% Returns (Annualised) (%) $$ 24.41 19.51 12.62 13.37 7.82 12.47
Excluding Service Tax on Management Fees. Benchmark Returns (Annualised) (%) # 13.16 13.27 8.98 10.12 5.36 3.01
Addl. Benchmark Ret. (Annualised) (%) ## 11.92 12.31 7.92 7.69 2.79 1.61
l BENCHMARK INDEX Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000
invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
NIFTY 500 Index for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not
l Entry Load be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising
or forecasting any returns.
Not Applicable.
Cumulative Performance
l Exit Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Nil per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^$$ (%)# Returns $$ (`)# Benchmark
l PlanS (%) ## (`)##
Regular Plan, Direct Plan Dec 31, 15 Last 1 Year 375.880 7.57 3.84 3.01 10,757 10,384 10,301
Dec 31, 14 Last 2 Years 400.904 0.43 1.53 -0.59 10,085 10,309 9,883
l Options Dec 31, 13 Last 3 Years 256.398 16.40 12.42 9.10 15,769 14,208 12,985
Under Each Plan : Growth & Dividend. The Dividend Option Mar 31, 96 Since Inception 10.000 24.95 11.71 N.A. 1,019,938 99,736 N.A.
offers Dividend Payout facility. Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Minimum Application Amount (Under each Plan / Option)
^$$ # ##
Purchase : ` 500 and in multiples of ` 500 thereafter.
Additional Purchase : ` 500 and in multiples of ` 500 thereafter. Dec 31, 15 To Dec 30, 16 7.57 3.84 3.01
Dec 31, 14 To Dec 31, 15 -6.24 -0.72 -4.06
l Redemption Proceeds Dec 31, 13 To Dec 31, 14 56.36 37.82 31.39
Normally despatched within 3-4 Business Days (Redemption ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
is subject to completion of Lock-in Period, if applicable). greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. $$ All dividends declared
prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the
then prevailing NAV (ex-dividend NAV). @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.:
l LOCK-IN PERIOD Not Available. For performance of other schemes managed by Vinay Kulkarni, please refer page 46.
3 years from the date of allotment of the respective Units This product is suitable for investors who are seeking ~ Riskometer
l Growth of capital over long term.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments: l Investment predominantly in equity and equity related instruments.
Mr Rakesh Vyas (Total Experience: Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
14 January 2017 Intouch mutually
HDFC Infrastructure Fund (An open-ended equity scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To seek long-term capital appreciation by investing predominantly (% of Net Assets)
in equity and equity related securities of companies engaged Company Industry+ % to
in or expected to benefit from the growth and development NAV Banks 27.85
of infrastructure. Construction Project 18.70
EQUITY & EQUITY RELATED
l Fund Manager State Bank of India Banks 9.67 Industrial Capital Goods 16.69
Prashant Jain (since March 10, 08) Larsen & Toubro Ltd. Construction Project 7.93 Construction 12.21
Total Experience: Over 25 years ICICI Bank Ltd. Banks 6.83
Auto 4.90
Srinivas Rao Ravuri (since March 10, 08) Bank of Baroda Banks 5.08
Total Experience: Over 19 years Siemens Ltd. Industrial Capital Power 4.53
Goods 4.53
Telecom - Equipment & Accessories 2.98
l Inception Date (Date of Allotment) Hindustan Construction
March 10, 2008 Company Ltd. Construction Project 4.47 Auto Ancillaries 2.92
Punjab National Bank Banks 3.42 Consumer Non Durables 2.24
NAV NAV per Unit (`) CESC Ltd. Power 3.35
Ferrous Metals 2.24
Regular Plan - Growth Option 16.736 Astra Microwave Telecom - Equipment
Regular Plan - Dividend Option 14.054 Products Ltd. & Accessories 2.98 Non - Ferrous Metals 1.53
Direct Plan - Growth Option 17.308 Dynamatic Technologies Ltd. Auto Ancillaries 2.92 Petroleum Products 1.15
Direct Plan - Dividend Option 17.308 Total of Top Ten Holdings 51.18
Cement 1.02
Total Equity & Equity Related Holdings 100.15
aSSETS UNDER MANAGEMENT (`) IN CRORE
Cash, Cash Equivalents and Net Current Assets -0.15 Transportation 0.77
As on January 31, 2017 1,221.38
Average for Month of January, 2017 1,217.99 Grand Total 100.00 Hotels, Resorts & Other Recreational Activities 0.42

For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30


l quantitative data
Portfolio Turnover Ratio (Last 1 year) 5.63%
Risk Ratio SIP Performance
n Standard Deviation 7.075%
n Beta 1.477 Since Inception 5 year 3 year 1 year
n Sharpe Ratio* 0.223 SIP SIP SIP SIP
Computed for the 3-yr period ended January 31, 2017. Total Amount Invested (` 000) 1,060.00 600.00 360.00 120.00
Based on month-end NAV. Mkt Value as on December 30, 2016 (` 000) 1,586.51 794.94 392.48 123.48
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) Returns (Annualised) (%) 8.89 11.20 5.69 5.44
Benchmark Returns (Annualised) (%) # 9.78 10.12 5.36 3.01
l Total Expense Ratio
Addl. Benchmark Ret. (Annualised) (%) ## 8.44 7.69 2.79 1.61
(Weighted Average for the month)
Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000
Regular 2.30% invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
Direct 1.50% for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
Excluding Service Tax on Management Fees. consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not
be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising
or forecasting any returns.
l BENCHMARK INDEX
NIFTY 500 Index Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Entry Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Not Applicable. (`) (%)^ (%)# Returns (`)# Benchmark
(%) ## (`)##
l Exit Load Dec 31, 15 Last 1 Year 15.962 -1.92 3.84 3.01 9,808 10,384 10,301
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 14 Last 2 Years 16.374 -2.22 1.53 -0.59 9,561 10,309 9,883
Load of 1.00% is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 9.416 18.47 12.42 9.10 16,626 14,208 12,985
out within 1 year from the date of allotment. Mar 10, 08 Since Inception 10.000 5.22 6.75 6.24 15,655 17,777 17,052
l No Exit Load is payable if Units are redeemed / switched-
Discrete 12 month Returns (%)
out after 1 year from the date of allotment.
Period Scheme Benchmark Additional Benchmark
For further details, please refer to para Exit Load on Pg 46.
^ # ##
Dec 31, 15 To Dec 30, 16 -1.92 3.84 3.01
l PlanS
Dec 31, 14 To Dec 31, 15 -2.52 -0.72 -4.06
Regular Plan, Direct Plan
Dec 31, 13 To Dec 31, 14 73.90 37.82 31.39
l Options ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Under Each Plan : Growth & Dividend. The Dividend Option greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. @ shows the current
value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Prashant Jain &
offers Dividend Payout and Reinvestment facility.
Srinivas Rao Ravuri, please refer page 46.
l Minimum Application Amount (Under each Plan / Option)
Purchase : ` 5,000 and any amount thereafter. This product is suitable for investors who are seeking ~ Riskometer
Additional Purchase : ` 1,000 and any amount thereafter. l Capital appreciation over long term.
l Investment predominantly in equity and equity related securities
l Redemption Proceeds
of companies engaged in or expected to benefit from the growth
Normally despatched within 3-4 Business Days (Redemption and development of infrastructure.
is subject to completion of Lock-in Period, if applicable).

For Tax Benefits / Consequences, Please refer to page 46


Dedicated Fund Manager for Overseas Investments: Investors understand that their principal will be at high risk
Mr Rakesh Vyas (Total Experience: Over 12 years).
~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 15
HDFC Arbitrage Fund (An open-ended equity scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate income through arbitrage opportunities between (% of Net Assets)
cash and derivative market and arbitrage opportunities within Company Industry+ % to
the derivative segment and by deployment of surplus cash in NAV
Banks 8.77
debt securities and money market instruments. Equity & Equity Related
(Quantity fully hedged using futures/options) Software 7.45
l Fund Manager HDFC Bank Ltd. Banks 4.12 Pharmaceuticals 6.89
Krishan Kumar Daga (since September 10, 15) Infosys Ltd. Software 4.09
Reliance Industries Ltd. Petroleum Products 3.57 Auto 6.49
Total Experience: Over 27 years
Sun Pharmaceuticals Finance 5.67
Industries Ltd. Pharmaceuticals 2.74
l Inception Date (Date of Allotment) Consumer Non Durables 5.64
Tata Steel Ltd. Ferrous Metals 2.74
October 23, 2007 Housing Development Petroleum Products 3.80
Finance Corporation Ltd. Finance 2.62
NAV NAV per Unit (`) ITC Ltd. Consumer Non Ferrous Metals 3.20
Durables 2.61 Media And Entertainment
Retail Plan
Hindalco Industries Ltd. Non - Ferrous Metals 2.09
3.08
Regular Plan - Growth Option 19.143
Regular Plan - Dividend Option 14.216 Maruti Suzuki India Ltd. Auto 2.07 Cement 2.51
Regular Plan - Quarterly Dividend Option 13.605 Adani Ports and Special
Economic Zone Ltd. Transportation 2.05 Non - Ferrous Metals 2.09
Direct Plan - Growth Option 19.472
Direct Plan - Quarterly Dividend Option 14.754 Total of Top Ten Holdings 28.70 Transportation 2.06
Total Equity & Equity Related Holdings 65.60
Wholesale Plan
CD/CP, Credit Exposure Power 1.23
Regular Plan - Growth Option 19.505
Regular Plan - Dividend Option 10.517 Tata Capital Financial Oil 1.18
Regular Plan - Monthly Dividend Option 10.888 Services Ltd. ICRA - AA+ 4.74
Vedanta Ltd. CRISIL - AA- 2.40 Auto Ancillaries 1.02
Direct Plan - Growth Option 12.283
Direct Plan - Dividend Option 10.735 Deutsche Investments Construction Project 0.86
Direct Plan - Monthly Dividend Option 10.490 India Pvt. Ltd. CRISIL - A1+ 2.32
L&T Finance Ltd. CARE - AA+ 2.01 Construction 0.81
aSSETS UNDER MANAGEMENT (`) IN CRORE Tata Sons Ltd. CRISIL - AAA 1.77 Gas 0.72
Shriram Transport Finance Co. Ltd. CRISIL - AA+ 1.18
As on January 31, 2017 4,261.25 Textile Products 0.71
Average for Month of January, 2017 4,268.72 Mahindra & Mahindra
Financial Services Ltd. CRISIL - A1+ 1.15 Industrial Capital Goods
Au Financiers (India) Ltd. FITCH - A1+ 1.11
0.61
l quantitative data Raymond Ltd. CARE - AA 0.80 Pesticides 0.25
Portfolio Turnover Ratio (Last 1 year) 367.92% Syndicate Bank CARE - AA- 0.59
Telecom - Equipment & Accessories 0.19
Total of Top Ten Holdings 18.07
l Total Expense Ratio Total CD/CP, Credit Exposure 18.64 Chemicals 0.19
(Weighted Average for the month) Short Term Deposits as margin for Futures & Options 14.29
Other Cash, Cash Equivalents and Net Current Assets 1.47
Services 0.10
Regular 0.75%
Direct 0.25% Grand Total 100.00 Industrial Products 0.07
Excluding Service Tax on Management Fees. For complete portfolio, please visit www.hdfcfund.com Telecom - Services 0.01
Outstanding exposure in 0123456789
l BENCHMARK INDEX derivative instruments (` in Crore) 2,803.43
Crisil Liquid Fund Index Co-sponsor

l Entry Load Cumulative Performance


Not Applicable. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l Exit Load (`) (%)^ (%)# Returns (`)# Benchmark
l 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. Dec 31, 15 Last 1 Year 18.232 6.64 7.48 3.01 10,664 10,748 10,301
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 14 Last 2 Years 16.944 7.12 7.86 -0.59 11,475 11,633 9,883
out after 1 month from the date of allotment. Dec 31, 13 Last 3 Years 15.698 7.39 8.31 9.10 12,386 12,705 12,985
For further details, please refer to para Exit Load on Pg 46. Oct 23, 07 Since Inception 10.000 7.50 7.63 4.47 19,443 19,666 14,955
Discrete 12 month Returns (%)
l PlanS Period Scheme Benchmark Additional Benchmark
(Wholesale Plan) - Regular Plan ^ # ##
(Wholesale Plan) - Direct Plan
Dec 31, 15 To Dec 30, 16 6.64 7.48 3.01
Dec 31, 14 To Dec 31, 15 7.60 8.23 -4.06
l Options
Dec 31, 13 To Dec 31, 14 7.94 9.21 31.39
Under Each Plan : Growth & Dividend. Dividend Option offers
Monthly Dividend Option and Normal Dividend Option with ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Payout and Reinvestment facility. greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## NIFTY 50 Index. @ shows the
current value of ` 10,000/- invested at the beginning of a given period. 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
l Minimum Application Amount (Under each Plan / Option) opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.
Purchase / Additional Purchase: ` 1 lakh and any amount
thereafter. This product is suitable for investors who are seeking ~ Riskometer
l Income over short term.
l Redemption Proceeds
l Income through arbitrage opportunities between cash and
Normally despatched within 3-4 Business Days.
derivative market and arbitrage opportunities within the
derivative segment.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).
Investors understand that their principal will be at
moderately low risk
~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
16 January 2017 Intouch mutually
HDFC Index Fund SENSEX Plan (An open-ended Index Linked scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
The objective of this Plan is to generate returns that are (% of Net Assets)
commensurate with the performance of the SENSEX, subject Company Industry+ % to
to tracking errors. NAV Banks 22.54

EQUITY & EQUITY RELATED Software 13.07


l Fund Manager
HDFC Bank Ltd. Banks 10.17 Consumer Non Durables 12.71
Krishan Kumar Daga (since October 19, 15)
Total Experience: Over 27 years ITC Ltd. Consumer Non Auto 12.40
Durables 8.59
l Inception Date (Date of Allotment) Finance 8.49
Housing Development
July 17, 2002 Finance Corporation Ltd. Finance 8.49 Petroleum Products 6.77
Infosys Ltd. Software 7.29 Pharmaceuticals 6.64
NAV NAV per Unit (`)
Reliance Industries Ltd. Petroleum Products 6.77 Construction Project
Regular Plan - Growth Option 240.5560 4.54
ICICI Bank Ltd. Banks 6.14
Direct Plan - Growth Option 242.6714 Power 3.46
Tata Consultancy Services Ltd. Software 4.65
aSSETS UNDER MANAGEMENT (`) IN CRORE Oil 2.14
Larsen & Toubro Ltd. Construction Project 4.54
As on January 31, 2017 94.03 Tata Motors Ltd. Auto 3.97 Telecom - Services 1.80
Average for Month of January, 2017 92.22
State Bank of India Banks 3.17 Minerals/Mining 1.51
l quantitative data Total of Top Ten Holdings 63.78 Ferrous Metals 1.22
Portfolio Turnover Ratio (Last 1 year) 28.01% Total Equity & Equity Related Holdings 99.18
Transportation 1.03
Cash, Cash Equivalents and Net Current Assets 0.82
l tRACKING ERROR Gas 0.86
Grand Total 100.00
Annualised tracking error is calculated based on daily rolling 0 5 10 15 20 25
returns for the last 12 months: 0.13% For complete portfolio, please visit www.hdfcfund.com
Co-sponsor
l Total Expense Ratio
(Weighted Average for the month) SIP Performance
Regular 0.30% Since Inception 10 year 5 year 3 year 1 year
Direct 0.15% SIP SIP SIP SIP SIP
Excluding Service Tax on Management Fees. Total Amount Invested (` 000) 1,740.00 1,200.00 600.00 360.00 120.00
Mkt Value as on December 30, 2016 (` 000) 4,201.38 1,795.80 736.86 376.76 121.59
l BENCHMARK INDEX Returns (Annualised) (%) 11.33 7.82 8.16 2.98 2.46
S&P BSE Sensex (Total Returns Index) Benchmark Returns (Annualised) (%) # 13.80 8.62 8.66 3.24 2.62
Addl. Benchmark Ret. (Annualised) (%) ## 12.01 7.92 7.69 2.79 1.61
l Entry Load Past performance may or may not be sustained in the future. # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
Not Applicable. 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. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
l Exit Load purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns.
l In respect of each purchase / switch-in of Units, an Exit
Load of 1.00% is payable if Units are redeemed / switched-
Cumulative Performance
out within 30 days from the date of allotment.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l No Exit Load is payable if Units are redeemed / switched-
out after 30 days from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark
For further details, please refer to para Exit Load on Pg 46. (%) ## (`)##
l PlanS Dec 31, 15 Last 1 Year 224.2190 3.34 3.47 3.01 10,334 10,347 10,301
Dec 31, 14 Last 2 Years 233.4297 -0.37 -0.17 -0.59 9,926 9,966 9,883
Regular Plan, Direct Plan
Dec 31, 13 Last 3 Years 178.6957 9.05 9.54 9.10 12,967 13,142 12,985
l Options Jul 17, 02 Since Inception 32.1610 14.63 17.67 15.39 72,046 105,271 79,278
Each Plan offers Growth Option only. Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Minimum Application Amount (Under each Plan / Option) ^ # ##
Purchase : ` 5,000 and any amount thereafter. Dec 31, 15 To Dec 30, 16 3.34 3.47 3.01
Additional Purchase : ` 1,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 -3.95 -3.68 -4.06
Dec 31, 13 To Dec 31, 14 30.63 31.87 31.39
l Redemption Proceeds
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. Since inception returns are calculated on `
32.1610 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.
For Tax Benefits / Consequences, Please refer to page 46

This product is suitable for investors who are seeking ~ Riskometer


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.

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.
Face Value per Unit: ` 32.1610, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 17
HDFC Index Fund NIFTY Plan (An open-ended Index Linked scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
The objective of this Plan is to generate returns that are (% of Net Assets)
commensurate with the performance of the NIFTY, subject Company Industry+ % to
to tracking errors. NAV Banks 25.27
Software 12.99
EQUITY & EQUITY RELATED Auto 11.61
l Fund Manager
HDFC Bank Ltd. Banks 8.26 Consumer Non Durables 10.31
Krishan Kumar Daga (since October 19, 15)
Total Experience: Over 27 years ITC Ltd. Consumer Non Finance 6.90
Durables 6.97 Petroleum Products 6.64
l Inception Date (Date of Allotment) Housing Development Pharmaceuticals 6.01
July 17, 2002 Finance Corporation Ltd. Finance 6.90 Construction Project 3.78
Infosys Ltd. Software 5.91 Power 3.27
NAV NAV per Unit (`) Reliance Industries Ltd. Petroleum Products 5.51 Cement 3.15
Regular Plan - Growth Option 76.1245 ICICI Bank Ltd. Banks 4.99 Telecom - Services 1.90
Direct Plan - Growth Option 76.6569 Oil 1.74
Tata Consultancy
Services Ltd. Software 3.78 Minerals/Mining 1.24
aSSETS UNDER MANAGEMENT (`) IN CRORE Ferrous Metals 0.99
Larsen & Toubro Ltd. Construction Project 3.78
As on January 31, 2017 185.22 Media And Entertainment 0.85
Average for Month of January, 2017 197.38 Tata Motors Ltd. Auto 3.23
Transportation 0.79
Kotak Mahindra Bank Ltd. Banks 2.95 Non - Ferrous Metals 0.78
l quantitative data Total of Top Ten Holdings 52.28 Gas 0.70
Portfolio Turnover Ratio (Last 1 year) 27.37% Total Equity & Equity Related Holdings 100.46 Auto Ancillaries 0.64
Cash, Cash Equivalents and Net Current Assets -0.46 Telecom - Equipment & Accessories 0.50
l tRACKING ERROR Industrial Capital Goods 0.40
Grand Total 100.00
Annualised tracking error is calculated based on daily rolling 0 5 10 15 20 25 30
returns for the last 12 months: 0.10% For complete portfolio, please visit www.hdfcfund.com
Co-sponsor
l Total Expense Ratio
(Weighted Average for the month) SIP Performance
Regular 0.50% Since Inception 10 year 5 year 3 year 1 year
Direct 0.35% SIP SIP SIP SIP SIP
Excluding Service Tax on Management Fees. Total Amount Invested (` 000) 1,740.00 1,200.00 600.00 360.00 120.00
Mkt Value as on December 30, 2016 (` 000) 4,154.91 1,808.83 743.84 380.52 121.51
l BENCHMARK INDEX Returns (Annualised) (%) 11.19 7.96 8.53 3.64 2.35
NIFTY 50 Index (Total Returns Index) Benchmark Returns (Annualised) (%) # 13.57 9.21 9.04 4.06 2.95
Addl. Benchmark Ret. (Annualised) (%) ## 12.05 7.46 6.99 1.73 1.18
l Entry Load Past performance may or may not be sustained in the future. # NIFTY 50 Index (Total Returns Index) ## S&P BSE SENSEX.
Not Applicable. 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. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
l Exit Load purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns.
l In respect of each purchase / switch-in of Units, an Exit
Load of 1.00% is payable if Units are redeemed / switched-
Cumulative Performance
out within 3 months from the date of allotment.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l No Exit Load is payable if Units are redeemed / switched-
out after 3 months from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark
For further details, please refer to para Exit Load on Pg 46. (%) ## (`)##
l PlanS Dec 31, 15 Last 1 Year 70.1722 3.81 4.39 1.95 10,381 10,439 10,195
Dec 31, 14 Last 2 Years 72.4060 0.30 0.62 -1.60 10,061 10,125 9,683
Regular Plan, Direct Plan
Dec 31, 13 Last 3 Years 54.7785 9.97 10.40 7.94 13,299 13,456 12,577
l Options Jul 17, 02 Since Inception 10.3260 14.46 17.05 15.73 70,548 97,496 82,792
Each Plan offers Growth Option only. Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Minimum Application Amount (Under each Plan / Option) ^ # ##
Purchase : ` 5,000 and any amount thereafter. Dec 31, 15 To Dec 30, 16 3.81 4.39 1.95
Additional Purchase : ` 1,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 -3.09 -3.01 -5.03
Dec 31, 13 To Dec 31, 14 32.18 32.90 29.89
l Redemption Proceeds
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index (Total Returns Index). ## S&P BSE SENSEX.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. Since inception returns are calculated on
` 10.3260 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.
For Tax Benefits / Consequences, Please refer to page 46

This product is suitable for investors who are seeking ~ Riskometer


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.

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.
Face Value per Unit: ` 10.3260, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
18 January 2017 Intouch mutually
HDFC Index Fund SENSEX Plus Plan (An open-ended Index Linked scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
The objective of this Plan is to invest 80% to 90% of the net (% of Net Assets)
assets of the Plan in companies whose securities are included Company Industry+ % to
in SENSEX and between 10% & 20% of the net assets in NAV Banks 21.51
companies whose securities are not included in the SENSEX. Software 11.19
EQUITY & EQUITY RELATED
Consumer Non Durables 11.01
l Fund Manager HDFC Bank Ltd. Banks 8.54
Auto 10.67
Krishan Kumar Daga (since October 19, 15) ITC Ltd. Consumer Non Petroleum Products 8.57
Total Experience: Over 27 years Durables 7.41
Finance 7.34
Housing Development
l Inception Date (Date of Allotment) Pharmaceuticals 5.87
Finance Corporation Ltd. Finance 7.34
July 17, 2002 Construction Project 4.03
Infosys Ltd. Software 6.33
Cement 3.95
Reliance Industries Ltd. Petroleum Products 5.87
NAV NAV per Unit (`) Chemicals 2.78
ICICI Bank Ltd. Banks 5.33 Power 2.74
Regular Plan - Growth Option 372.9739
Direct Plan - Growth Option 377.5539 Larsen & Toubro Ltd. Construction Project 4.03 Oil 1.86
Tata Consultancy Services Ltd. Software 3.87 Telecom - Services 1.66
aSSETS UNDER MANAGEMENT (`) IN CRORE
Tata Motors Ltd. Auto 3.40 Pesticides 1.44
As on January 31, 2017 102.32
Average for Month of January, 2017 100.83 Solar Industries India Ltd. Chemicals 2.78 Minerals/Mining 1.33
Total of Top Ten Holdings 54.90 Industrial Products 1.07
l quantitative data Total Equity & Equity Related Holdings 99.72 Ferrous Metals 1.05
Portfolio Turnover Ratio (Last 1 year) 5.66% Cash, Cash Equivalents and Net Current Assets 0.28 Transportation 0.90
Gas 0.75
l Total Expense Ratio Grand Total 100.00
0 5 10 15 20 25
(Weighted Average for the month) For complete portfolio, please visit www.hdfcfund.com
Regular 1.00% Co-sponsor
Direct 0.75%
Excluding Service Tax on Management Fees. SIP Performance
Since Inception 10 year 5 year 3 year 1 year
l BENCHMARK INDEX SIP SIP SIP SIP SIP
S&P BSE Sensex (Total Returns Index) Total Amount Invested (` 000) 1,740.00 1,200.00 600.00 360.00 120.00
Mkt Value as on December 30, 2016 (` 000) 5,428.35 1,978.31 748.32 381.81 122.51
l Entry Load Returns (Annualised) (%) 14.43 9.66 8.77 3.86 3.90
Not Applicable. Benchmark Returns (Annualised) (%) # 13.80 8.62 8.66 3.24 2.62
Addl. Benchmark Ret. (Annualised) (%) ## 12.01 7.92 7.69 2.79 1.61
l Exit Load Past performance may or may not be sustained in the future. # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
l In respect of each purchase / switch-in of Units, an Exit 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
Load of 1.00% is payable if Units are redeemed / switched- Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
out within 30 days from the date of allotment. purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
l No Exit Load is payable if Units are redeemed / switched-
not guaranteeing or promising or forecasting any returns.
out after 30 days from the date of allotment.
Cumulative Performance
For further details, please refer to para Exit Load on Pg 46.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l PlanS per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark
Regular Plan, Direct Plan (%) ## (`)##
l Options Dec 31, 15 Last 1 Year 341.9391 4.48 3.47 3.01 10,448 10,347 10,301
Each Plan offers Growth Option only. Dec 31, 14 Last 2 Years 358.7502 -0.21 -0.17 -0.59 9,958 9,966 9,883
Dec 31, 13 Last 3 Years 264.6035 10.52 9.54 9.10 13,501 13,142 12,985
l Minimum Application Amount (Under each Plan / Option) Jul 17, 02 Since Inception 32.1610 18.11 17.67 15.39 111,082 105,271 79,278
Purchase : ` 5,000 and any amount thereafter. Discrete 12 month Returns (%)
Additional Purchase : ` 1,000 and any amount thereafter. Period Scheme Benchmark Additional Benchmark
^ # ##
l Redemption Proceeds Dec 31, 15 To Dec 30, 16 4.48 3.47 3.01
Normally despatched within 3-4 Business Days. Dec 31, 14 To Dec 31, 15 -4.69 -3.68 -4.06
Dec 31, 13 To Dec 31, 14 35.58 31.87 31.39
For Tax Benefits / Consequences, Please refer to page 46
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. Since inception returns are calculated on
` 32.1610. For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.

This product is suitable for investors who are seeking ~ Riskometer


l Capital appreciation over long term.
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.

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.
Face Value per Unit: ` 32.1610, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 19
HDFC Balanced Fund (An open-ended balanced scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate capital appreciation along with current income Issuer Industry+/Rating % to (% of Net Assets)
from a combined portfolio of equity & equity related and debt NAV
and money market instruments. Banks 18.10
EQUITY & EQUITY RELATED
HDFC Bank Ltd. Banks 5.17 Construction Project 5.58
Larsen & Toubro Ltd. Construction Project 3.38 Petroleum Products 5.05
l Fund Manager ICICI Bank Ltd. Banks 3.19
Reliance Industries Ltd. Petroleum Products 2.97 Software 4.35
Chirag Setalvad (since April 2, 07) State Bank of India Banks 2.77 Auto Ancillaries 4.00
Total Experience - Over 19 years ITC Ltd. Consumer Non Auto 3.83
Durables 2.69 Consumer Non Durables 3.77
l Inception Date (Date of Allotment) Infosys Ltd. Software 2.68
Tube Investments of India Ltd. Auto Ancillaries 2.57 Pharmaceuticals 3.58
September 11, 2000 Power Grid Corporation of India Ltd. Power 2.48 Power 3.06
Aurobindo Pharma Ltd. Pharmaceuticals 1.98
Total of Top Ten Holdings 29.88 Finance 2.34
NAV NAV per Unit (`) Total Equity & Equity Related Holdings 68.61 Oil 2.25
G-Sec, Credit Exposure Chemicals 2.21
Regular Plan - Growth Option 123.683 Government Securities Sovereign 19.53
Regular Plan - Dividend Option 28.143 Bank of India CRISIL - A+ 1.11 Industrial Products 2.19
Direct Plan - Growth Option 127.867 Cholamandalam Investment and Hotels, Resorts & Other Recreational Activities 1.93
Direct Plan - Dividend Option 30.410 Finance Company Ltd. ICRA - AA 0.85 Consumer Durables 1.38
Shriram Transport Finance Co. Ltd. CRISIL - AA+ 0.85 Ferrous Metals
Tata Sons Ltd. CRISIL - AAA 0.62 1.14
aSSETS UNDER MANAGEMENT (`) IN CRORE State Bank of India CRISIL - AA+, AAA 0.59 Construction 0.82
Oriental Bank of Commerce CARE - AA / FITCH - A+ 0.59 Pesticides 0.76
As on January 31, 2017 8,983.29 HDFC Bank Ltd. CRISIL - AAA 0.57
Average for Month of January, 2017 8,704.09 Syndicate Bank CARE - AA- 0.35 Trading 0.68
IDBI Bank Ltd. ICRA - A+ 0.28 Industrial Capital Goods 0.55
Total of Top Ten Holdings 25.34 Telecom - Services 0.54
l quantitative data Total G-Sec, Credit Exposure 26.05
Cash, Cash Equivalents and Net Current Assets 5.34 Media And Entertainment 0.42
Portfolio Turnover Ratio (Last 1 year) 16.69%
Grand Total 100.00 Transportation 0.08
Average Maturity * 9.67 years
For complete portfolio, please visit www.hdfcfund.com 0 2 4 6 8101214161820
Modified Duration * 5.48 years
Yield to Maturity * 6.97%
* Computed on the invested amount for debt portfolio. Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Equity 68.61
l Total Expense Ratio
Equity 68.61 Sovereign 19.53
(Weighted Average for the month)
G-Sec 19.53 AAA/AAA(SO)/A1+/A1+(SO)
Regular 2.03%
Credit Exposure 6.52 & Equivalent 1.32
Direct 1.03%
Cash, Cash Equivalents and AA+ & Below 5.20
Excluding Service Tax on Management Fees.
Net Current Assets 5.34 Cash, Cash Equivalents and
Net Current Assets 5.34
l BENCHMARK INDEX
CRISIL Balanced Fund - Aggressive Index SIP Performance
Since Inception 15 year 10 year 5 year 3 year 1 year
l Entry Load SIP SIP SIP SIP SIP SIP
Total Amount Invested (` 000) 1,960.00 1,800.00 1,200.00 600.00 360.00 120.00
Not Applicable. Mkt Value as on December 30, 2016 (` 000) 9,386.12 7,378.73 2,761.62 905.94 429.88 126.70
Returns (Annualised) (%) 17.17 17.06 15.91 16.50 11.88 10.53
l Exit Load Benchmark Returns (Annualised) (%) # N.A. N.A. 8.68 8.93 6.09 5.77
Addl. Benchmark Ret. (Annualised) (%) ## 12.55 12.31 7.92 7.69 2.79 1.61
l In respect of each purchase / switch-in of Units, upto 15% Past performance may or may not be sustained in the future. # CRISIL Balanced Fund - Aggressive Index ## NIFTY 50 Index N.A. Not
of the units may be redeemed without any exit load from Available. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
the date of allotment. after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken
into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed
l Any redemption in excess of the above limit shall be subject as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
to the following exit load:
n Exit load of 1.00% is payable if Units are redeemed / Cumulative Performance
switched-out within 1 year from the date of allotment Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
of units. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark
l No Exit Load is payable if Units are redeemed / switched- (%) ## (`)##
out after 1 year from the date of allotment. Dec 31, 15 Last 1 Year 108.474 9.72 6.66 3.01 10,972 10,666 10,301
For further details, please refer to para Exit Load on Pg 46. Dec 31, 14 Last 2 Years 105.304 6.31 3.52 -0.59 11,303 10,717 9,883
Dec 31, 13 Last 3 Years 69.523 19.63 10.34 9.10 17,120 13,433 12,985
Sep 11, 00 Since Inception 10.000 16.40 N.A. 11.16 119,020 N.A. 56,208
l Plans
Discrete 12 month Returns (%)
Regular Plan, Direct Plan
Period Scheme^ Benchmark # Additional Benchmark ##
Dec 31, 15 To Dec 30, 16 9.72 6.66 3.01
l Options Dec 31, 14 To Dec 31, 15 3.01 0.48 -4.06
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 13 To Dec 31, 14 51.47 25.34 31.39
offers Dividend Payout and Reinvestment facility. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns greater
than 1 year period are compounded annualized (CAGR). # 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 schemes
l Minimum Application Amount (Under each Plan / Option) investments are made in debt 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. @ shows the current value of ` 10,000/- invested at
Purchase : ` 5,000 and any amount thereafter. the beginning of a given period. N.A.: Not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 46.
Additional Purchase : ` 1,000 and any amount thereafter.
This product is suitable for investors who are seeking ~ Riskometer
l Redemption Proceeds l Capital appreciation along with current income over
long term.
Normally despatched within 3-4 Business Days.
l Investment predominantly in equity and equity related
For Tax Benefits / Consequences, Please refer to page 46 instruments with balance exposure to debt and money
Dedicated Fund Manager for Overseas Investments: market instruments.
Mr Rakesh Vyas (Total Experience - Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
20 January 2017 Intouch mutually
HDFC Prudence Fund (An open-ended balanced scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To provide periodic returns and capital appreciation over a Issuer Industry+/Rating % to NAV (% of Net Assets)
long period of time, from a judicious mix of equity and debt
investments, with the aim to prevent / minimise any capital Equity & Equity Related
State Bank of India Banks 6.86 Banks 19.41
erosion. Under normal circumstances, it is envisaged that Larsen & Toubro Ltd. Construction Project 6.74 Construction Project 7.71
the debt : equity mix would vary between 25:75 and 40:60 ICICI Bank Ltd. Banks 6.39 Software 7.25
respectively. This mix may achieve the investment objective, Infosys Ltd. Software 4.38 Auto
may result in regular income, capital appreciation and may Tata Steel Ltd. Ferrous Metals 3.41 4.38
also prevent capital erosion. Maruti Suzuki India Ltd. Auto 2.04 Power 4.29
Aarti Industries Ltd. Chemicals 1.75 Industrial Capital Goods 4.24
Bank of Baroda Banks 1.46 Ferrous Metals 4.15
l Fund Manager Adani Ports and Special
Economic Zone Ltd. Transportation 1.41 Petroleum Products 2.38
Prashant Jain (since June 19, 03) Power Grid Corporation of India Ltd. Power 1.33 Auto Ancillaries 2.21
Total Experience: Over 25 years Total of Top Ten Holdings 35.77 Chemicals 2.14
Investment in ADR/GDR/Foreign Securities Pharmaceuticals 2.05
l Inception Date (Date of Allotment) Cognizant Technology Solutions Corp Software 0.22 Consumer Durables 1.87
Total Equity & Equity Related Holdings 73.92 Transportation 1.61
February 1, 1994 G-Sec, Credit Exposure
Government Securities Sovereign 9.87 Pesticides 1.58
NAV NAV per Unit (`) State Bank of India CRISIL - AAA / AA+ 3.17 Finance 1.33
Canara Bank FITCH - AA 2.25 Cement 1.31
Regular Plan - Growth Option 429.729 Union Bank of India FITCH - AA 1.84 Oil 1.31
Regular Plan - Dividend Option 29.781 IDBI Bank Ltd. CRISIL - A / ICRA-A+ 1.37 Media And Entertainment
Axis Bank Ltd. CRISIL - AA 0.91 0.97
Direct Plan - Growth Option 442.145 Construction 0.93
Direct Plan - Dividend Option 34.159 Syndicate Bank CARE - AA- 0.80
HDFC Bank Ltd. CRISIL - AAA 0.78 Commercial Services 0.72
Bank of India CRISIL - A+ 0.48 Industrial Products 0.71
aSSETS UNDER MANAGEMENT (`) IN CRORE Andhra Bank CARE - AA- 0.13 Consumer Non Durables 0.50
Total of Top Ten Holdings 21.60
As on January 31, 2017 16,468.57 Total G-Sec, Credit Exposure 21.96 Telecom - Equipment & Accessories 0.32
Average for Month of January, 2017 15,925.77 Short Term Deposits as margin for Futures & Options 0.10 Telecom - Services 0.28
Other Cash, Cash Equivalents and Net Current Assets 4.02 Textiles - Synthetic 0.15
l quantitative data Grand Total 100.00 Gas 0.08
Portfolio Turnover Ratio (Last 1 year) 64.63% For complete portfolio, please visit www.hdfcfund.com Textile Products 0.04
Average Maturity * 11.93 years Investment in Foreign Securities (` in Crore) 36.39
0 5 10 15 20
Modified Duration * 6.07 years
Yield to Maturity * 7.90% Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
* Computed on the invested amount for debt portfolio.
Equity 73.92
l Total Expense Ratio Equity 73.92 Sovereign 9.87
(Weighted Average for the month) G-Sec 9.87 AAA/AAA(SO)/A1+/A1+(SO)
Regular 2.26% Credit Exposure 12.09 & Equivalent 0.92
Direct 1.03% AA+ & Below 11.17
Cash, Cash Equivalents and
Excluding Service Tax on Management Fees. Net Current Assets 4.12 Cash, Cash Equivalents and
Net Current Assets 4.12
l BENCHMARK INDEX
CRISIL Balanced Fund - Aggressive Index SIP Performance
Since Inception 15 year 10 year 5 year 3 year 1 year
l Entry Load SIP SIP SIP SIP SIP SIP
Total Amount Invested (` 000) 2,750.00 1,800.00 1,200.00 600.00 360.00 120.00
Not Applicable. Mkt Value as on December 30, 2016 (` 000) $$ 45,322.83 8,798.99 2,578.36 871.73 423.06 128.71
Returns (Annualised) (%) $$ 20.41 19.06 14.63 14.93 10.78 13.76
l Exit Load Benchmark Returns (Annualised) (%) # N.A. N.A. 8.68 8.93 6.09 5.77
l In respect of each purchase / switch-in of Units, upto 15%
Addl. Benchmark Ret. (Annualised) (%) ## 11.31 12.31 7.92 7.69 2.79 1.61
of the units may be redeemed without any exit load from Past performance may or may not be sustained in the future. # CRISIL Balanced Fund - Aggressive Index ## NIFTY 50 Index. N.A. Not Available.
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
the date of allotment. for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan-Growth Option. Load is not taken into consideration for
l Any redemption in excess of the above limit shall be subject computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum
to the following exit load: returns and safeguard of capital. The AMC/Mutual Fund is not guaranteeing or promising or forecasting any returns.
n Exit load of 1.00% is payable if Units are redeemed / Cumulative Performance
switched-out within 1 year from the date of allotment
of units. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l No Exit Load is payable if Units are redeemed / switched-
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^$$ (%)# Returns $$ (`)# Benchmark
out after 1 year from the date of allotment.. (%) ## (`)##
For further details, please refer to para Exit Load on Pg 46. Dec 31, 15 Last 1 Year 374.380 9.43 6.66 3.01 10,943 10,666 10,301
Dec 31, 14 Last 2 Years 373.297 4.76 3.52 -0.59 10,975 10,717 9,883
l Plans Dec 31, 13 Last 3 Years 245.973 18.54 10.34 9.10 16,656 13,433 12,985
Feb 01, 94 Since Inception 10.000 18.90 N.A. 8.62 529,523 N.A. 66,555
Regular Plan, Direct Plan
Discrete 12 month Returns (%)
l Options Period Scheme^$$ Benchmark # Additional Benchmark ##
Dec 31, 15 To Dec 30, 16 9.43 6.66 3.01
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 14 To Dec 31, 15 0.29 0.48 -4.06
offers Dividend Payout and Reinvestment facility. Dec 31, 13 To Dec 31, 14 51.76 25.34 31.39
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan-Growth Option. Returns greater than 1
l Minimum Application Amount (Under each Plan / Option) year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view
of balanced nature of the scheme where a portion of schemes investments are made in debt instruments. # CRISIL Balanced Fund - Aggressive Index
Purchase : ` 5,000 and any amount thereafter. ## NIFTY 50 Index. @ shows the current value of ` 10,000/- invested at the beginning of a given period. $$ All dividends declared prior to the splitting
Additional Purchase : ` 1,000 and any amount thereafter. 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 46.
l Redemption Proceeds This product is suitable for investors who are seeking ~ Riskometer
l Periodic income with capital appreciation and
Normally despatched within 3-4 Business Days.
prevention of capital erosion over long term.
For Tax Benefits / Consequences, Please refer to page 46
l Investment predominantly in equity and equity related
Date of migration from Zurich India Mutual Fund (Close of
business hours - June 19, 03 instruments with balance exposure to debt and money
market instruments.
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 21
HDFC Childrens Gift Fund Investment Plan (An open-ended balanced scheme)

l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding


To generate long term capital appreciation. Issuer Industry+/Rating % to (% of Net Assets)
NAV
l Fund Manager Banks 15.23
Chirag Setalvad (since April 2, 07) EQUITY & EQUITY RELATED Industrial Products 10.40
Total Experience - Over 19 years HDFC Bank Ltd. Banks 5.13 Software 7.04
ICICI Bank Ltd. Banks 3.67 Construction Project 4.73
l Inception Date (Date of Allotment) Infosys Ltd. Software 3.32 Auto Ancillaries 4.01
March 2, 2001 State Bank of India Banks 3.27
Finance 3.34
Reliance Industries Ltd. Petroleum Products 2.78
Pharmaceuticals 3.07
NAV NAV per Unit (`) Larsen & Toubro Ltd. Construction Project 2.77
Auto 3.07
Regular Plan 93.583 Motherson Sumi Systems Ltd. Auto Ancillaries 2.35
Consumer Non Durables 2.80
Direct Plan 96.344 Britannia Industries Ltd. Consumer Non
Petroleum Products 2.78
Durables 1.90
aSSETS UNDER MANAGEMENT (`) IN CRORE Consumer Durables 2.07
Vedanta Ltd. Non - Ferrous Metals
1.83
As on January 31, 2017 1,315.21 Media And Entertainment 2.01
Fag Bearings India Ltd. Industrial Products
1.67
Average for Month of January, 2017 1,285.11 Non - Ferrous Metals 1.83
Total of Top Ten Holdings 28.69
Hotels, Resorts & Other Recreational Activities 1.65
l quantitative data Total Equity & Equity Related Holdings 71.22
Power 1.61
G-Sec, Credit Exposure
Portfolio Turnover Ratio (Last 1 year) 3.03% Pesticides 1.46
Average Maturity * 8.42 years Government Securities Sovereign 16.63
Ferrous Metals 1.06
Modified Duration * 4.84 years Tata Motors Finance Ltd. CRISIL - AA 2.69
Construction 1.05
Yield to Maturity * 6.99% Tata Sons Ltd. CRISIL - AAA 2.53
Telecom - Services 0.79
* Computed on the invested amount for debt portfolio. State Bank of India CRISIL - AA+ 0.77
Industrial Capital Goods 0.48
Vedanta Ltd. CRISIL - AA- 0.39
l Total Expense Ratio Services 0.46
Total G-Sec, Credit Exposure 23.01
(Weighted Average for the month) Fertilisers 0.24
Cash, Cash Equivalents and Net Current Assets 5.77
Regular 2.19% Transportation 0.04
Grand Total 100.00
Direct 1.20% 0 2 4 6 8 10 12 14 16
For complete portfolio, please visit www.hdfcfund.com
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
CRISIL Balanced Fund - Aggressive Index Equity 71.22
Equity 71.22 Sovereign 16.63
l Entry Load
G-Sec 16.63 AAA/AAA(SO)/A1+/A1+(SO)
Not Applicable.
Credit Exposure 6.38 & Equivalent 2.53
Cash, Cash Equivalents and AA+ & Below 3.85
l Exit Load
Net Current Assets 5.77 Cash, Cash Equivalents and
l For Units subject to Lock-in Period: NIL
l For Units not subject to Lock-in Period: Net Current Assets 5.77
n 3.00% if the Units are redeemed / switched-out within
one year from the date of allotment; SIP Performance
n 2.00% if the Units are redeemed / switched-out between Since Inception 15 year 10 year 5 Year 3 Year 1 Year
the first and second year from the date of allotment; SIP SIP SIP SIP SIP SIP
n 1.00% if the Units are redeemed / switched-out between Total Amount Invested (` 000) 1,900.00 1,800.00 1,200.00 600.00 360.00 120.00
the second and third year from the date of allotment; Mkt Value as on December 30, 2016 (` 000) $ 8,019.35 6,846.77 2,709.75 869.37 415.34 124.50
n Nil if the Units are redeemed / switched-out after third Returns (Annualised) (%) $ 16.41 16.20 15.55 14.82 9.52 7.05
year from the date of allotment. Benchmark Returns (Annualised) (%) # N.A. N.A. 8.68 8.93 6.09 5.77
For further details, please refer to para Exit Load on Pg 46. Addl. Benchmark Ret. (Annualised) (%) ## 12.61 12.31 7.92 7.69 2.79 1.61
Past performance may or may not be sustained in the future. # CRISIL Balanced Fund - Aggressive Index ## NIFTY 50 Index. N.A. Not Available.
l Plans 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. Load is not taken into consideration for
Regular Plan, Direct Plan computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum
returns and safeguard of capital. The AMC/Mutual Fund is not guaranteeing or promising or forecasting any returns.
l Options
Nil Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Minimum Application Amount (Under each Plan / Option) per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Purchase : ` 5,000 and any amount thereafter. (`) (%)^$ (%)# Returns $ (`)# Benchmark
Additional Purchase : ` 1,000 and any amount thereafter. (%) ## (`)##
Dec 31, 15 Last 1 Year 83.752 7.70 6.66 3.01 10,770 10,666 10,301
l Redemption Proceeds Dec 31, 14 Last 2 Years 81.757 5.04 3.52 -0.59 11,032 10,717 9,883
Normally despatched within 3-4 Business Days (Redemption Dec 31, 13 Last 3 Years 57.132 16.44 10.34 9.10 15,788 13,433 12,985
is subject to completion of Lock-in Period, if opted). Mar 02, 01 Since Inception 10.000 16.81 N.A. 12.28 117,257 N.A. 62,662
Discrete 12 month Returns (%)
l LOCK-IN PERIOD Period Scheme Benchmark Additional Benchmark
If opted : Until the Unit holder (being the beneficiary child) ^$ # ##
attains the age of 18 years or until completion of 3 years from Dec 31, 15 To Dec 30, 16 7.70 6.66 3.01
the date of allotment which ever is later. Dec 31, 14 To Dec 31, 15 2.44 0.48 -4.06
Dec 31, 13 To Dec 31, 14 43.10 25.34 31.39
For Tax Benefits / Consequences, Please refer to page 46 ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns greater than 1
Dedicated Fund Manager for Overseas Investments: 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 schemes investments are made in debt instruments. # CRISIL Balanced Fund - Aggressive Index
Mr Rakesh Vyas (Total Experience - Over 12 years). ## NIFTY 50 Index. @ shows the current value of ` 10,000/- invested at the beginning of a given period. $ Adjusted for Bonus units declared under
Eligibility (of Unit holder) : Children less than 18 years of the Scheme. N.A.: Not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 46.
age as on the date of investment by the Investor / Applicant
are eligible as Unit holders in the Scheme. This product is suitable for investors who are seeking ~ Riskometer
Personal Accident Insurance Cover for Parent / Legal l Capital appreciation over long term.
Guardian (upto the age of 80 years) of the Unit holder,
l Investment in equity and equity related instruments as
equivalent to 10 times the cost value of the outstanding
Units held by the Unit holder under all the applications / well as debt and money market instruments.
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.
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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
22 January 2017 Intouch mutually
HDFC Childrens Gift Fund Savings Plan (An open-ended balanced scheme)

l investment objective Portfolio - Top 10 Holdings


To generate long term capital appreciation. Issuer Industry+/Rating % to Issuer Industry+/Rating % to
NAV NAV
l Fund Manager
Chirag Setalvad (since April 2, 07) EQUITY & EQUITY RELATED G-Sec, Credit Exposure
Total Experience - Over 19 years ICICI Bank Ltd. Banks 0.90 Government Securities Sovereign 52.35
l Inception Date (Date of Allotment) Infosys Ltd. Software 0.84
Tata Motors Finance Ltd. CRISIL - AA 8.68
March 2, 2001 Indian Bank Banks 0.78
Vesuvius India Ltd. Industrial Products 0.78 Tata Sons Ltd. CRISIL - AAA 5.30
NAV NAV per Unit (`) Blue Star Ltd. Consumer Durables 0.76 Power Finance Corporation Ltd. CRISIL - AAA 3.65
Regular Plan 41.4923 State Bank of India Banks 0.75 State Bank of India CRISIL - AA+, AAA 3.40
Direct Plan 42.9197 Banco Products (I) Ltd. Auto Ancillaries 0.74
Vedanta Ltd. CRISIL - AA- 2.90
aSSETS UNDER MANAGEMENT (`) IN CRORE Sundram Fasteners Ltd. Auto Ancillaries 0.73
Balkrishna Industries Ltd. Auto Ancillaries 0.72 Total G-Sec, Credit Exposure 76.28
As on January 31, 2017 104.80
Average for Month of January, 2017 104.70 Cholamandalam Investment and Cash, Cash Equivalents and Net Current Assets 5.97
Finance Company Ltd. Finance 0.69 Grand Total 100.00
l quantitative data Total of Top Ten Holdings 7.69
Average Maturity * 7.23 years For complete portfolio, please visit www.hdfcfund.com
Total Equity & Equity Related Holdings 17.75
Modified Duration * 4.47 years
Yield to Maturity * 7.00%
* Computed on the invested amount for debt portfolio. Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
l Total Expense Ratio
(Weighted Average for the month) Equity 17.75
Regular 2.71% Equity 17.75 Sovereign 52.35
Direct 1.81% G-Sec 52.35 AAA/AAA(SO)/A1+/A1+(SO)
Excluding Service Tax on Management Fees. Credit Exposure 23.93 & Equivalent 11.38
Cash, Cash Equivalents and AA+ & Below 12.55
l BENCHMARK INDEX Net Current Assets 5.97 Cash, Cash Equivalents and
CRISIL MIP Blended Index Net Current Assets 5.97
l Entry Load
Not Applicable. SIP Performance
Since Inception 15 year 10 year 5 Year 3 Year 1 Year
l Exit Load SIP SIP SIP SIP SIP SIP
l For Units subject to Lock-in Period: NIL Total Amount Invested (` 000) 1,900.00 1,800.00 1,200.00 600.00 360.00 120.00
l For Units not subject to Lock-in Period: Mkt Value as on December 30, 2016 (` 000) $ 4,785.35 4,277.24 2,153.54 805.87 424.99 127.40
n 3.00% if the Units are redeemed / switched-out within Returns (Annualised) (%) $ 10.80 10.74 11.26 11.75 11.09 11.66
one year from the date of allotment;
n 2.00% if the Units are redeemed / switched-out between Benchmark Returns (Annualised) (%) # N.A. N.A. 8.99 10.26 10.48 11.55
the first and second year from the date of allotment; Addl. Benchmark Ret. (Annualised) (%) ## N.A. 7.17 8.03 10.20 12.60 15.95
n 1.00% if the Units are redeemed / switched-out between Past performance may or may not be sustained in the future. # Crisil MIP Blended Index ## Crisil 10 year Gilt Index. N.A. Not
the second and third year from the date of allotment; Available. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
n Nil if the Units are redeemed / switched-out after third computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option.
Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only
year from the date of allotment. and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or
For further details, please refer to para Exit Load on Pg 46. promising or forecasting any returns.

l Plans Cumulative Performance


Regular Plan, Direct Plan Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l Options (`) (%)^$$ (%)# Returns $ (`)# Benchmark
Nil (%) ## (`)##
Dec 31, 15 Last 1 Year 36.6184 11.80 11.55 14.97 11,180 11,155 11,497
l Minimum Application Amount (Under each Plan / Option) Dec 31, 14 Last 2 Years 34.7242 8.58 9.14 11.12 11,790 11,912 12,347
Purchase : ` 5,000 and any amount thereafter. Dec 31, 13 Last 3 Years 27.8509 13.70 11.65 12.12 14,699 13,917 14,093
Additional Purchase : ` 1,000 and any amount thereafter.
Mar 02, 01 Since Inception 10.0000 11.13 N.A. N.A. 53,220 N.A. N.A.
l Redemption Proceeds Discrete 12 month Returns (%)
Normally despatched within 3-4 Business Days (Redemption Period Scheme Benchmark Additional Benchmark
is subject to completion of Lock-in Period, if opted).
^$ # ##
l LOCK-IN PERIOD Dec 31, 15 To Dec 30, 16 11.80 11.55 14.97
If opted : Until the Unit holder (being the beneficiary child) Dec 31, 14 To Dec 31, 15 5.45 6.79 7.39
attains the age of 18 years or until completion of 3 years from Dec 31, 13 To Dec 31, 14 24.68 16.83 14.14
the date of allotment which ever is later.
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
For Tax Benefits / Consequences, Please refer to page 46 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 schemes investments are
Dedicated Fund Manager for Overseas Investments: made in equity instruments. # Crisil MIP Blended Index ## Crisil 10 year Gilt Index. @ shows the current value of
Mr Rakesh Vyas (Total Experience - Over 12 years). ` 10,000/- invested at the beginning of a given period. $ Adjusted for Bonus units declared under the Scheme. N.A.: Not Available.
Eligibility (of Unit holder) : Children less than 18 years of For performance of other schemes managed by Chirag Setalvad, please refer page 46.
age as on the date of investment by the Investor / Applicant
are eligible as Unit holders in the Scheme. This product is suitable for investors who are seeking ~ Riskometer
Personal Accident Insurance Cover for Parent / Legal l Capital appreciation over medium to long term.
Guardian (upto the age of 80 years) of the Unit holder,
l Investment in debt and money market instruments as
equivalent to 10 times the cost value of the outstanding
Units held by the Unit holder under all the applications / well as equity and equity related instruments.
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.
Investors understand that their principal will be at moderate risk
~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 23
HDFC Retirement Savings Fund Equity Plan (An open-ended notified Tax Savings Cum
Pension Scheme with no assured returns)

l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding


The investment objective of the Investment Plans offered (% of Net Assets)
under the Scheme is to generate a corpus to provide for Company Industry+/Rating % to
pension to an investor in the form of income to the extent of NAV Banks 20.58
the redemption value of their holding after the age of 60 years Industrial Products 7.26
by investing in a mix of securities comprising of equity, equity EQUITY & EQUITY RELATED
related instruments and/or Debt/Money Market Instruments. Petroleum Products 5.88
HDFC Bank Ltd. Banks 5.48
Larsen & Toubro Ltd. Construction Project 3.69 Chemicals 5.73
l Fund Manager
Reliance Industries Ltd. Petroleum Products 3.50 Construction Project 5.34
Chirag Setalvad (Equities) (since February 25, 2016)
Total Experience - Over 19 years & ICICI Bank Ltd. Banks 3.11 Auto Ancillaries 4.17
Shobhit Mehrotra (Debt) (since February 25, 2016) Indusind Bank Ltd. Banks 3.04 Software 3.84
Total Experience: Over 22 years Tube Investments of India Power 3.25
Ltd. Auto Ancillaries 2.77
l Inception Date (Date of Allotment) Industrial Capital Goods 3.18
Infosys Ltd. Software 2.54
February 25, 2016 Pharmaceuticals 3.14
State Bank of India Banks 2.53
Carborundum Universal Ltd. Industrial Products 2.48 Auto 2.95
NAV NAV per Unit (`)
Vedanta Ltd. Non - Ferrous Metals 2.46 Consumer Durables 2.57
Regular Plan 13.310
Direct Plan 13.518 Total of Top Ten Holdings 31.60 Hotels, Resorts & Other Recreational Activities 2.49
Total Equity & Equity Related Holdings 81.84 Non - Ferrous Metals 2.46
aSSETS UNDER MANAGEMENT (`) IN CRORE
Credit Exposure Gas 2.22
As on January 31, 2017 164.47
Average for Month of January, 2017 158.26 Syndicate Bank CARE - AA- 2.22 Ferrous Metals 1.89
Union Bank of India FITCH - AA 1.89 Finance 1.56
l quantitative data
Total Credit Exposure 4.11 Trading 1.31
Portfolio Turnover Ratio Nil
Cash, Cash Equivalents and Net Current Assets 14.05 Media And Entertainment 1.11
l Total Expense Ratio Oil 0.91
(Weighted Average for the month) Grand Total 100.00
0 5 10 15 20 25
Regular 2.91% For complete portfolio, please visit www.hdfcfund.com
Direct 1.16%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
NIFTY 500 Index

l Entry Load
Not Applicable.

l Exit Load
l (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.
For further details, please refer to para Exit Load on Pg 46.

l Plans
Regular Plan, Direct Plan
l Options
Under Each Plan offers Growth Option only.

l Minimum Application Amount (Under each Plan / Option)


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 (Redemption
is subject to completion of Lock-in Period, if opted).

l LOCK-IN PERIOD
Units purchased cannot be assigned / transferred / pledged /
redeemed / switched out until completion of 5 years from the This product is suitable for investors who are seeking ~ Riskometer
date of allotment of Units under the Scheme. Upon completion l A corpus to provide for pension in the form of income
of lock-in period, subsequent switches of units within the to the extent of the redemption value of their holding
Scheme shall not be subject to further lock-in period. after the age of 60 years.
For Tax Benefits / Consequences, Please refer to page 46 l Investment predominantly in equity and equity related
Dedicated Fund Manager for Overseas Investments: instruments.
Mr Rakesh Vyas (Total Experience - Over 12 years).

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
24 January 2017 Intouch mutually
HDFC Retirement Savings Fund Hybrid Equity Plan (An open-ended notified Tax Savings Cum
Pension Scheme with no assured returns)

l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding


The investment objective of the Investment Plans offered (% of Net Assets)
under the Scheme is to generate a corpus to provide for Company Industry+/Rating % to
pension to an investor in the form of income to the extent of NAV Banks 16.05
the redemption value of their holding after the age of 60 years
by investing in a mix of securities comprising of equity, equity EQUITY & EQUITY RELATED Industrial Products 6.79
related instruments and/or Debt/Money Market Instruments. HDFC Bank Ltd. Banks 4.08 Auto Ancillaries 5.06
State Bank of India Banks 2.95 Construction Project 4.55
l Fund Manager
Larsen & Toubro Ltd. Construction Project 2.56
Chirag Setalvad (Equities) (since February 25, 2016) Software 4.11
Reliance Industries Ltd. Petroleum Products 2.51
Total Experience - Over 19 years & Petroleum Products 3.71
ICICI Bank Ltd. Banks 2.25
Shobhit Mehrotra (Debt) (since February 25, 2016) City Union Bank Ltd. Banks 2.23 Consumer Durables 3.47
Total Experience: Over 22 years
Tube Investments of India Ltd. Auto Ancillaries 2.17 Chemicals 2.83
l Inception Date (Date of Allotment) Vedanta Ltd. Non - Ferrous Metals 2.03
Power 2.50
February 25, 2016 Infosys Ltd. Software 2.00
Mahanagar Gas Ltd. Gas 1.86 Industrial Capital Goods 2.47
NAV NAV per Unit (`) Total of Top Ten Holdings 24.64 Auto 2.30
Regular Plan 13.059 Total Equity & Equity Related Holdings 66.19 Pharmaceuticals 2.16
Direct Plan 13.275 G-Sec, Credit Exposure Non - Ferrous Metals 2.03
aSSETS UNDER MANAGEMENT (`) IN CRORE State Bank of India CRISIL - AA+ 9.86
Gas 1.86
As on January 31, 2017 87.43 Government Securities Sovereign 5.89
Average for Month of January, 2017 84.99 Syndicate Bank CARE - AA- 4.17 Hotels, Resorts & Other Recreational Activities 1.78
Reliance Jio Infocomm Limited CRISIL - AAA 3.08 Ferrous Metals 1.38
l quantitative data IDBI Bank Ltd. ICRA - A+ 2.64 Finance 1.18
Portfolio Turnover Ratio 0.84% Total G-Sec, Credit Exposure 25.64
Trading 1.02
Cash, Cash Equivalents and Net Current Assets 8.17
l Total Expense Ratio Media And Entertainment 0.94
(Weighted Average for the month) Grand Total 100.00
0 2 4 6 8 1012141618
Regular 3.00% For complete portfolio, please visit www.hdfcfund.com
Direct 1.25%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL Balanced Fund Index

l Entry Load
Not Applicable.

l Exit Load
l (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.
For further details, please refer to para Exit Load on Pg 46.

l Plans
Regular Plan, Direct Plan
l Options
Under Each Plan offers Growth Option only.

l Minimum Application Amount (Under each Plan / Option)


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 (Redemption
is subject to completion of Lock-in Period, if opted).

l LOCK-IN PERIOD
Units purchased cannot be assigned / transferred / pledged /
redeemed / switched out until completion of 5 years from the This product is suitable for investors who are seeking ~ Riskometer
date of allotment of Units under the Scheme. Upon completion l A corpus to provide for pension in the form of income
of lock-in period, subsequent switches of units within the to the extent of the redemption value of their holding
Scheme shall not be subject to further lock-in period. after the age of 60 years.
For Tax Benefits / Consequences, Please refer to page 46 l Investment predominantly in equity and equity related
Dedicated Fund Manager for Overseas Investments: instruments & balance in debt and money market
Mr Rakesh Vyas (Total Experience - Over 12 years). instruments.

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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 25
HDFC Retirement Savings Fund Hybrid Debt Plan (An open-ended notified Tax Savings Cum
Pension Scheme with no assured returns)

l investment objective Portfolio - Top 10 Holdings


The investment objective of the Investment Plans offered Issuer Industry+/Rating % to Issuer Industry+/Rating % to
under the Scheme is to generate a corpus to provide for NAV NAV
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 EQUITY & EQUITY RELATED G-Sec, Credit Exposure
by investing in a mix of securities comprising of equity, equity Sundram Fasteners Ltd. Auto Ancillaries 1.48 Government Securities Sovereign 36.64
related instruments and/or Debt/Money Market Instruments.
HDFC Bank Ltd. Banks 1.02 State Bank of India CRISIL - AA+ 10.63
l Fund Manager Mahanagar Gas Ltd. Gas 0.70
HPCL-Mittal Pipelines Limited FITCH - AA 6.50
Chirag Setalvad (Equities) (since February 26, 2016) Infosys Ltd. Software 0.65
Total Experience - Over 19 years & Syndicate Bank CARE - AA- 4.86
City Union Bank Ltd. Banks 0.63
Shobhit Mehrotra (Debt) (since February 26, 2016) Union Bank of India FITCH - AA 4.83
ICICI Bank Ltd. Banks 0.63
Total Experience: Over 22 years Reliance Jio Infocomm Limited CRISIL - AAA 4.77
Blue Star Ltd. Consumer Durables 0.62
l Inception Date (Date of Allotment) Hindustan Petroleum Corporation Ltd. Petroleum Products 0.62 IDBI Bank Ltd. ICRA - A+ 1.64
February 26, 2016 Vesuvius India Ltd. Industrial Products 0.61 Total G-Sec, Credit Exposure 69.87
Tata Steel Ltd. Ferrous Metals 0.59 Cash, Cash Equivalents and Net Current Assets 10.08
NAV NAV per Unit (`)
Total of Top Ten Holdings 7.55 Grand Total 100.00
Regular Plan 11.5159
Direct Plan 11.7000 Total Equity & Equity Related Holdings 20.05 For complete portfolio, please visit www.hdfcfund.com
aSSETS UNDER MANAGEMENT (`) IN CRORE
As on January 31, 2017 42.94 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Average for Month of January, 2017 42.41
Equity 20.05
l quantitative data
Equity 20.05 Sovereign 36.64
Average Maturity * 4.93 years
Modified Duration * 3.68 years G-Sec 36.64 AAA/AAA(SO)/A1+/A1+(SO)
Yield to Maturity * 7.34% Credit Exposure 33.23 & Equivalent 4.77
* Computed on the invested amount for debt portfolio. Cash, Cash Equivalents and AA+ & Below 28.46
Net Current Assets 10.08 Cash, Cash Equivalents and
l Total Expense Ratio Net Current Assets 10.08
(Weighted Average for the month)
Regular 2.46%
Direct 0.46%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL MIP Blended Index

l Entry Load
Not Applicable.

l Exit Load
l (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.
For further details, please refer to para Exit Load on Pg 46.

l Plans
Regular Plan, Direct Plan
l Options
Under Each Plan offers Growth Option only.

l Minimum Application Amount (Under each Plan / Option)


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 (Redemption
is subject to completion of Lock-in Period, if opted).

l LOCK-IN PERIOD This product is suitable for investors who are seeking ~ Riskometer
Units purchased cannot be assigned / transferred / pledged / l A corpus to provide for pension in the form of income
redeemed / switched out until completion of 5 years from the to the extent of the redemption value of their holding
date of allotment of Units under the Scheme. Upon completion after the age of 60 years.
of lock-in period, subsequent switches of units within the l Investmentpredominantly in debt and money market
Scheme shall not be subject to further lock-in period. instruments & balance in equity and equity related
instruments.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years). 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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
26 January 2017 Intouch mutually
HDFC MF MIP - Short Term Plan (An open-ended income scheme. Monthly income is not
assured and is subject to availability of distributable surplus)

l investment objective Portfolio - Top 10 Holdings


To generate regular returns through investment primarily in Issuer Industry+/Rating % to Issuer Industry+/Rating % to
Debt and Money Market Instruments. The secondary objective NAV NAV
of the Scheme is to generate long-term capital appreciation
by investing a portion of the Schemes assets in equity and EQUITY & EQUITY RELATED Infiniti Retail Ltd.
equity related instruments. Monthly Income is not assured & NHPC Ltd. Power 1.51 (Subsidiary of Tata Sons) CARE - A+ 4.95
is subject to availability of distributable surplus. Bank of Baroda Banks 1.44 Hindalco Industries Ltd. CRISIL - AA- 3.70
ICICI Bank Ltd. Banks 1.40 Rural Electrification Corporation Ltd.
CRISIL - AAA 2.28
l Fund Manager Tata Steel Ltd. BRICKSWORKS
State Bank of India Banks 1.36
Vinay Kulkarni (Equities) (since November 21, 06) KEC International Ltd. Construction Project 0.93 - AA- 1.92
Total Experience: Over 26 years & Export - Import Bank of India CRISIL - AAA 1.87
HDFC Bank Ltd. Banks 0.90
Shobhit Mehrotra (Debt) (since February 16, 04) India Infoline Housing Finance Ltd. CRISIL - AA 1.83
Total Experience: Over 22 years Cipla Ltd. Pharmaceuticals 0.80
Solar Industries India Ltd. Chemicals 0.74 Syndicate Bank CARE - AA- 1.81
l Inception Date (Date of Allotment) Larsen & Toubro Ltd. Construction Project 0.73 Aarti Industries Ltd. CRISIL - AA- 1.80
December 26, 2003 Oil India Ltd. Oil 0.71 Total of Top Ten Holdings 68.04
Total of Top Ten Holdings 10.52 Total G-Sec, SDL, Credit Exposure 77.40
NAV NAV per Unit (`) Total Equity & Equity Related Holdings 19.36
Cash, Cash Equivalents and Net Current Assets 3.24
Regular Plan - Growth Option 28.0838 G-Sec, SDL, Credit Exposure
Regular Plan - Monthly Dividend Option 11.4462 Government Securities Sovereign 42.53 Grand Total 100.00
Regular Plan - Quarterly Dividend Option 11.9196 State Bank of India CRISIL - AA+, AAA 5.35 For complete portfolio, please visit www.hdfcfund.com
Direct Plan - Growth Option 28.9129
Direct Plan - Monthly Dividend Option 12.0387
Direct Plan - Quarterly Dividend Option 12.3272 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)

aSSETS UNDER MANAGEMENT (`) IN CRORE Equity 19.36


As on January 31, 2017 287.36 Equity 19.36 Sovereign 42.53
Average for Month of January, 2017 286.56 AAA/AAA(SO)/A1+/A1+(SO)
G-Sec, SDL 42.53
Credit Exposure 34.87 & Equivalent 13.65
l quantitative data
Cash, Cash Equivalents and AA+ & Below 21.22
Average Maturity * 6.80 years
Modified Duration * 4.50 years Net Current Assets 3.24 Cash, Cash Equivalents and
Yield to Maturity * 7.36% Net Current Assets 3.24
* Computed on the invested amount for debt portfolio.
l Total Expense Ratio SIP Performance
(Weighted Average for the month)
Since Inception 10 year 5 Year 3 Year 1 Year
Regular 2.55% SIP SIP SIP SIP SIP
Direct 1.45%
Total Amount Invested (` 000) 1,570.00 1,200.00 600.00 360.00 120.00
Excluding Service Tax on Management Fees.
Mkt Value as on December 30, 2016 (` 000) 2,764.73 1,864.96 755.09 408.31 126.53
l BENCHMARK INDEX Returns (Annualised) (%) 8.24 8.54 9.13 8.36 10.27
Benchmark Returns (Annualised) (%) # 8.68 8.99 10.26 10.48 11.55
CRISIL MIP Blended Index Addl. Benchmark Ret. (Annualised) (%) ## 7.41 8.03 10.20 12.60 15.95
Past performance may or may not be sustained in the future. # Crisil MIP Blended Index ## Crisil 10 year Gilt Index.
l Entry Load Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
Not Applicable. computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth
Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
l Exit Load not guaranteeing or promising or forecasting any returns.
l In respect of each purchase / switch-in of Units, 15% of
the Units (the limit) may be redeemed without any exit Cumulative Performance
load from the date of allotment.
l Any redemption in excess of the limit shall be subject to Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
the following exit load: per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
n Exit load of 1.00% is payable if Units are redeemed / (`) (%)^ (%)# Returns (`)# Benchmark
switched-out within 1 year from the date of allotment (%) ## (`)##
of units. Dec 31, 15 Last 1 Year 25.1767 9.25 11.55 14.97 10,925 11,155 11,497
l No Exit load is payable if Units are redeemed / switched-out Dec 31, 14 Last 2 Years 24.3732 6.23 9.14 11.12 11,286 11,912 12,347
after 1 year from the date of allotment. Dec 31, 13 Last 3 Years 20.6142 10.09 11.65 12.12 13,344 13,917 14,093
For further details, please refer to para Exit Load on Pg 46. Dec 26, 03 Since Inception 10.0000 8.08 7.97 5.83 27,507 27,130 20,907
Discrete 12 month Returns (%)
l Plans
Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan ^ # ##
l Options Dec 31, 15 To Dec 30, 16 9.25 11.55 14.97
Under Each Plan : Growth, Monthly Dividend & Quarterly Dec 31, 14 To Dec 31, 15 3.30 6.79 7.39
Dividend Option. The Dividend Option offers Dividend Payout
and Reinvestment facility. Dec 31, 13 To Dec 31, 14 18.24 16.83 14.14
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
l Minimum Application Amount (Under each Plan / Option) 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 schemes investments are
Purchase : made in equity instruments. # Crisil MIP Blended Index ## Crisil 10 year Gilt Index. @ shows the current value of
(Growth & Quarterly Dividend Option) - ` 5,000 and any ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Vinay Kulkarni (Equities)
amount thereafter. and Shobhit Mehrotra (Debt), please refer page 46.
(Monthly Dividend Option) - ` 25,000 and any amount thereafter. This product is suitable for investors who are seeking ~ Riskometer
Additional Purchase : ` 1,000 and any amount thereafter. l Regular income over medium to long term.

l Redemption Proceeds l Investment in debt and money market instruments as


Normally despatched within 3-4 Business Days. well as equity and equity related instruments.

For Tax Benefits / Consequences, Please refer to page 46


Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years).
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.
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 January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 27
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 investment objective Portfolio - Top 10 Holdings


To generate regular returns through investment primarily in Issuer Industry+/Rating % to Issuer Industry+/Rating % to
Debt and Money Market Instruments. The secondary objective NAV NAV
of the Scheme is to generate long-term capital appreciation
by investing a portion of the Schemes assets in equity and EQUITY & EQUITY RELATED Bank of Baroda CARE - AA, AA+ 4.91
equity related instruments. Monthly Income is not assured & ICICI Bank Ltd. Banks 2.29 Bank of India BRICKWORKS - AA-
is subject to availability of distributable surplus. State Bank of India Banks 2.18 / CRISIL - A+ 3.15
Larsen & Toubro Ltd. Construction Project 1.55 Food Corporation of India CRISIL - AAA(SO) 2.97
l Fund Manager
Infosys Ltd. Software 1.12 IDBI Bank Ltd. CRISIL - A / ICRA - A+ 2.20
Prashant Jain (Equities) (since December 26, 03) State Bank of India CRISIL - AAA 1.82
Total Experience: Over 25 years & ITD Cementation India Ltd. Construction 0.88
KEC International Ltd. Construction Project 0.87 Canara Bank ICRA - AA 1.36
Shobhit Mehrotra (Debt) (since September 1, 07)
Total Experience: Over 22 years Sharda Cropchem Ltd. Pesticides 0.87 Corporation Bank CRISIL - A 1.27
Tata Steel Ltd. Ferrous Metals 0.87 Andhra Bank CARE - AA- 1.24
l Inception Date (Date of Allotment) PNC Infratech Ltd. Construction 0.86 Union Bank of India FITCH - AA 1.22
December 26, 2003 HDFC Bank Ltd. Banks 0.86 Total of Top Ten Holdings 59.82
Total of Top Ten Holdings 12.35 Total G-Sec, Credit Exposure 68.15
NAV NAV per Unit (`) Cash, Cash Equivalents and Net Current Assets 7.15
Total Equity & Equity Related Holdings 24.70
Regular Plan - Growth Option 40.8927 Grand Total 100.00
Regular Plan - Monthly Dividend Option 14.4918 G-Sec, Credit Exposure
Regular Plan - Quarterly Dividend Option 15.1347 Government Securities Sovereign 39.68 For complete portfolio, please visit www.hdfcfund.com
Direct Plan - Growth Option 41.6947
Direct Plan - Monthly Dividend Option 14.8305
Direct Plan - Quarterly Dividend Option 15.4902 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)

aSSETS UNDER MANAGEMENT (`) IN CRORE Equity 24.70


As on January 31, 2017 3,759.27 Equity 24.70 Sovereign 39.68
Average for Month of January, 2017 3,743.83 AAA/AAA(SO)/A1+/A1+(SO)
G-Sec 39.68
& Equivalent 8.57
l quantitative data Credit Exposure 28.47 AA+ & Below 19.90
Average Maturity * 11.27 years Cash, Cash Equivalents and Cash, Cash Equivalents and
Modified Duration * 6.32 years Net Current Assets 7.15 Net Current Assets
Yield to Maturity * 7.65% 7.15
* Computed on the invested amount for debt portfolio.

l Total Expense Ratio SIP Performance


(Weighted Average for the month) Since Inception 10 year 5 Year 3 Year 1 Year
Regular 1.89% SIP SIP SIP SIP SIP
Direct 1.29% Total Amount Invested (` 000) 1,570.00 1,200.00 600.00 360.00 120.00
Excluding Service Tax on Management Fees. Mkt Value as on December 30, 2016 (` 000) 3,368.29 2,111.01 803.05 425.08 128.80
Returns (Annualised) (%) 11.00 10.88 11.61 11.10 13.90
l BENCHMARK INDEX Benchmark Returns (Annualised) (%) # 8.68 8.99 10.26 10.48 11.55
CRISIL MIP Blended Index Addl. Benchmark Ret. (Annualised) (%) ## 7.41 8.03 10.20 12.60 15.95
Past performance may or may not be sustained in the future. # Crisil MIP Blended Index ## Crisil 10 year Gilt Index.
l Entry Load 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
Not Applicable. Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns.
l Exit Load
l In respect of each purchase / switch-in of Units, 15% of Cumulative Performance
the Units (the limit) may be redeemed without any exit Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
load from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l Any redemption in excess of the limit shall be subject to (`) (%)^ (%)# Returns
the following exit load: (`)# Benchmark
(%) ## (`)##
n Exit load of 1.00% is payable if Units are redeemed /
switched-out within 1 year from the date of allotment Dec 31, 15 Last 1 Year 35.3936 12.97 11.55 14.97 11,297 11,155 11,497
of units. Dec 31, 14 Last 2 Years 34.0838 8.31 9.14 11.12 11,731 11,912 12,347
l No Exit load is payable if Units are redeemed / switched-out Dec 31, 13 Last 3 Years 27.2962 13.57 11.65 12.12 14,648 13,917 14,093
after 1 year from the date of allotment. Dec 26, 03 Since Inception 10.0000 11.23 7.97 5.83 39,984 27,130 20,907
For further details, please refer to para Exit Load on Pg 46. Discrete 12 month Returns (%)
l Plans Period Scheme Benchmark Additional Benchmark
^ # ##
Regular Plan, Direct Plan
Dec 31, 15 To Dec 30, 16 12.97 11.55 14.97
l Options Dec 31, 14 To Dec 31, 15 3.84 6.79 7.39
Under Each Plan : Growth, Monthly Dividend & Quarterly Dec 31, 13 To Dec 31, 14 24.87 16.83 14.14
Dividend Option. The Dividend Option offers Dividend Payout
and Reinvestment facility. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
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 schemes investments are
l Minimum Application Amount (Under each Plan / Option) made in equity instruments. # Crisil MIP Blended Index ## Crisil 10 year Gilt Index. @ shows the current value of
` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Prashant Jain (Equities) and
Purchase : Shobhit Mehrotra (Debt), please refer page 46.
(Growth & Quarterly Dividend Option) - ` 5,000 and any
amount thereafter. This product is suitable for investors who are seeking ~ Riskometer
(Monthly Dividend Option) - ` 25,000 and any amount thereafter. l Regular income over medium to long term.
Additional Purchase : ` 1,000 and any amount thereafter.
l Investment in debt and money market instruments as
l Redemption Proceeds well as equity and equity related instruments.
Normally despatched within 3-4 Business Days.

For Tax Benefits / Consequences, Please refer to page 46


Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years). 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.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
28 January 2017 Intouch mutually
HDFC Equity Savings Fund (An open-ended equity scheme)
l investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To provide capital appreciation and income distribution to Issuer Industry+/Rating % to (% of Net Assets)
the investors using arbitrage opportunities, investment in NAV
equity / equity related instruments and debt / money market Banks 17.30
EQUITY & EQUITY RELATED Pharmaceuticals 5.51
instruments. Auto
ICICI Bank Ltd. Banks 5.88 5.48
State Bank of India Banks 3.19 Consumer Non Durables 4.48
l Fund Manager Petroleum Products 3.93
Hindalco Industries Ltd. Non - Ferrous Metals 2.95
Vinay Kulkarni (Equities) (since November 21, 06) Sun Pharmaceuticals Construction Project 3.43
Total Experience: Over 26 years Industries Ltd. Pharmaceuticals 2.60 Ferrous Metals 3.32
Axis Bank Ltd. Banks 2.45 Finance 3.09
Krishan Kumar Daga (Equities) (since January 08, 16)
HDFC Bank Ltd. Banks 2.24 Non - Ferrous Metals 2.95
Total Experience: Over 27 years Oil 2.45
Asian Paints Limited Consumer Non
Anil Bamboli (Debt) (since September 17, 04) Durables 2.24 Industrial Capital Goods 2.34
Total Experience: Over 22 years Tata Steel Ltd. Ferrous Metals 2.16 Consumer Durables 1.87
Reliance Industries Ltd. Petroleum Products 2.05 Cement 1.41
l Inception Date (Date of Allotment) Tata Motors Ltd. DVR Auto 2.03 Software 1.17
Total of Top Ten Holdings 27.79 Hotels, Resorts & Other Recreational Activities 0.95
September 17, 2004 Power
Total Equity & Equity Related Holdings 65.52 0.95
Credit Exposure Telecom - Services 0.81
NAV NAV per Unit (`) Housing Development Finance Gas 0.68
Regular Plan - Growth Option 31.156 Corporation Ltd. CRISIL - AAA 10.46 Transportation 0.61
Regular Plan - Dividend Option 11.435 Repco Home Finance Ltd ICRA - AA- 2.86 Construction 0.60
Direct Plan - Growth Option 31.981 Mahindra & Mahindra Financial Diversified Consumer Service 0.53
Direct Plan - Dividend Option 11.788 Services Ltd. FITCH - AAA 2.56 Pesticides 0.51
LIC Housing Finance Ltd. CRISIL - AAA 2.14 Media And Entertainment 0.42
aSSETS UNDER MANAGEMENT (`) IN CRORE State Bank of India CRISIL - AA+ 2.11 Minerals/Mining 0.30
As on January 31, 2017 479.96 Syndicate Bank CARE - AA- 2.08 Industrial Products 0.25
Union Bank of India FITCH - AA 1.05 Chemicals 0.18
Average for Month of January, 2017 438.26
Power Finance Corporation Ltd. CRISIL - AAA 0.76 0 2 4 6 8 101214161820
l quantitative data Total Credit Exposure 24.02
Short Term Deposits as margin for Futures & Options 8.09
Portfolio Turnover Ratio 78.60% Other Cash, Cash Equivalents and Net Current Assets 2.37 Portfolio Classification by Rating Class (%)
(w.e.f December 16, 2015) Grand Total 100.00
Average Maturity * 1.79 years Equity 65.52
Modified Duration * 1.43 years For complete portfolio, please visit www.hdfcfund.com
Outstanding exposure in AAA/AAA(SO)/A1+/A1+(SO)
Yield to Maturity * 7.37%
derivative instruments (` in Crore) 128.56 & Equivalent 24.01
* Computed on the invested amount for debt portfolio.
Hedged position in Equity & Equity related instruments AA+ & Below 8.10
l Total Expense Ratio Outstanding derivative exposure (% age) 26.79 Cash, Cash Equivalents and
(Weighted Average for the month) Co-sponsor Net Current Assets 2.37
Regular 2.38% SIP Performance
Direct 0.76% Since Inception SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP
Excluding Service Tax on Management Fees. Total Amount Invested (` 000) 1,480.00 1,200.00 600.00 360.00 120.00
Mkt Value as on December 30, 2016 (` 000) 2,761.14 1,995.95 772.58 418.92 129.93
l BENCHMARK INDEX Returns (Annualised) (%) 9.63 9.82 10.05 10.10 15.73
40% CRISIL Liquid Fund Index, 30% Crisil Short Term Bond Benchmark Returns (Annualised) (%) # 8.84 8.51 8.67 7.02 6.48
Fund Index and 30% NIFTY 50 Addl. Benchmark Ret. (Annualised) (%) ## 7.63 8.03 10.20 12.60 15.95
Past performance may or may not be sustained in the future. # 30% NIFTY 50 + 40% CRISIL Liquid Fund Index + 30% CRISIL
l Entry Load Short Term Bond Fund Index ## CRISIL 10 year Gilt Index. N.A. Not Available. 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
Not Applicable. method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of
performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum
returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
l Exit Load
Cumulative Performance
l In respect of each purchase / switch-in of Units, upto 15%
of the units may be redeemed without any exit load from Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
the date of allotment. (`) (%)^ (%)# Returns
l Any redemption in excess of the above limit shall be subject
(`)# Benchmark
(%) ## (`)##
to the following exit load: Dec 31, 15 Last 1 Year 26.4650 14.13 5.35 14.97 11,413 10,535 11,497
n Exit load of 1.00% is payable if Units are redeemed / Dec 31, 14 Last 2 Years 25.9362 7.91 3.08 11.12 11,645 10,626 12,347
switched-out within 1 year from the date of allotment Dec 31, 13 Last 3 Years 22.4127 10.46 9.01 12.12 13,476 12,954 14,093
of units. Sep 17, 04 Since Inception 10.0000 9.41 10.25 6.34 30,204 33,178 21,281
l No Exit Load is payable if Units are redeemed / switched-
out after 1 year from the date of allotment. Discrete 12 month Returns (%)
For further details, please refer to para Exit Load on Pg 46. Period Scheme^ Benchmark# Additional Benchmark##
Dec 31, 15 To Dec 30, 16 14.13 5.35 14.97
l Plans Dec 31, 14 To Dec 31, 15 2.04 0.87 7.39
Regular Plan, Direct Plan Dec 31, 13 To Dec 31, 14 15.72 21.90 14.14
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
l Options greater than 1 year period are compounded annualized (CAGR). # 30% NIFTY 50 + 40% CRISIL Liquid Fund Index + 30% CRISIL Short
Term Bond Fund Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional
Under Each Plan : Growth & Dividend. The Dividend Option Benchmark, since a portion of schemes 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.
offers Dividend Payout and Reinvestment facility. @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by
Vinay Kulkarni (Equities), Krishan Kumar Daga (Equities) and Anil Bamboli (Debt), please refer page 46.
l Minimum Application Amount (Under each Plan / Option) This product is suitable for investors who are seeking ~ Riskometer
Purchase : ` 5,000 and any amount thereafter. l Capital appreciation while generating income over
Additional Purchase : ` 1,000 and any amount thereafter. medium to long term.
l Provide capital appreciation and income distribution
l Redemption Proceeds
to the investors by using equity and equity related
Normally despatched within 3-4 Business Days. instruments, arbitrage opportunities, and investments
in debt and money market instruments.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years). 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.
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 January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 29
HDFC Multiple Yield Fund - Plan 2005 (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate positive returns over medium time frame with Issuer Industry+/Rating % to Issuer Industry+/Rating % to
low risk of capital loss over medium time frame. NAV NAV
However, there can be no assurance that the investment EQUITY & EQUITY RELATED ICICI Bank Ltd. CARE - A1+ 11.42
objective of the Scheme will be achieved. State Bank of India Banks 1.23 Credit Suisse AG CRISIL - A1+ 9.82
Tata Motors Ltd. DVR Auto 0.97 Export - Import Bank of India CRISIL - AAA 9.82
l Fund Manager Rural Electrification Corporation Ltd. Finance 0.91 Shriram Transport Finance Co. Ltd. CRISIL - AA+ 5.89
Chirag Setalvad (Equities) (since April 2, 07) Infosys Ltd. Software 0.81 Cholamandalam Investment and
Total Experience - Over 19 years & VST Industries Ltd. Consumer Non Finance Company Ltd. ICRA - AA 5.86
Durables 0.80 Power Finance Corporation Ltd. CRISIL - AAA 5.33
Anil Bamboli (Debt) (since August 17, 05)
Total Experience: Over 22 years Jagran Prakashan Ltd. Media And
Entertainment 0.78 Adani Ports and Special
Economic Zone Ltd. ICRA - A1+ 5.16
Vesuvius India Ltd. Industrial Products 0.77
l Inception Date (Date of Allotment) Power Grid Corporation of India Ltd. CRISIL - AAA 3.55
V.S.T Tillers Tractors Ltd. Auto 0.76
August 17, 2005 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.76 Family Credit Limited CARE - A1+ 2.84
Carborundum Universal Ltd. Industrial Products 0.75 Total of Top Ten Holdings 71.45
NAV NAV per Unit (`) Total of Top Ten Holdings 8.54 Total CD/CP, Credit Exposure 76.51
Regular Plan - Growth Option 28.3148 Total Equity & Equity Related Holdings 17.89 Cash, Cash Equivalents and Net Current Assets 5.60
Regular Plan - Dividend Option 12.1817 CD/CP, Credit Exposure Grand Total 100.00
Direct Plan - Growth Option 28.9988 Housing Development
Direct Plan - Dividend Option 12.9805 Finance Corporation Ltd. CRISIL - AAA 11.76 For complete portfolio, please visit www.hdfcfund.com
Co-sponsor
aSSETS UNDER MANAGEMENT (`) IN CRORE
Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
As on January 31, 2017 171.05
Average for Month of January, 2017 170.92

Equity 17.89 Equity 17.89


l quantitative data AAA/AAA(SO)/A1+/A1+(SO)
CD/CP 31.54
Average Maturity * 187 days & Equivalent 62.00
Modified Duration * 173 days Credit Exposure 44.97
AA+ & Below 14.51
Yield to Maturity * 6.84% Cash, Cash Equivalents and
Net Current Assets 5.60 Cash, Cash Equivalents and
* Computed on the invested amount for debt portfolio. Net Current Assets 5.60

l Total Expense Ratio


(Weighted Average for the month) SIP Performance
Regular 1.77% Since Inception 10 year 5 Year 3 Year 1 Year
Direct 1.22% SIP SIP SIP SIP SIP
Excluding Service Tax on Management Fees. Total Amount Invested (` 000) 1,370.00 1,200.00 600.00 360.00 120.00
Mkt Value as on December 30, 2016 (` 000) 2,474.35 2,021.18 772.39 411.51 125.95
l BENCHMARK INDEX Returns (Annualised) (%) 9.91 10.06 10.04 8.89 9.34
Benchmark Returns (Annualised) (%) # 8.82 8.99 10.26 10.48 11.55
CRISIL MIP Blended Index
Addl. Benchmark Ret. (Annualised) (%) ## 6.73 6.89 7.63 7.73 7.13
Past performance may or may not be sustained in the future. # Crisil MIP Blended Index ## Crisil 1 year T-Bill Index.
l Entry Load 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
Not Applicable. Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns.
l Exit Load
l In respect of each purchase / switch-in of Units, an Exit Cumulative Performance
Load of 1.00% is payable if Units are redeemed / switched- Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
out within 15 months from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l No Exit Load is payable if Units are redeemed / switched- (`) (%)^ (%)# Returns (`)# Benchmark
out after 15 months from the date of allotment. (%) ## (`)##
Dec 31, 15 Last 1 Year 25.6833 8.91 11.55 7.27 10,891 11,155 10,727
For further details, please refer to para Exit Load on Pg 46.
Dec 31, 14 Last 2 Years 24.5370 6.77 9.14 7.75 11,400 11,912 11,609
Dec 31, 13 Last 3 Years 20.3744 11.14 11.65 8.02 13,729 13,917 12,603
l Plans Aug 17, 05 Since Inception 10.0000 9.46 8.43 6.21 27,972 25,122 19,851
Regular Plan, Direct Plan Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Options ^ # ##
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 15 To Dec 30, 16 8.91 11.55 7.27
offers Dividend Payout and Reinvestment facility. Dec 31, 14 To Dec 31, 15 4.67 6.79 8.22
Dec 31, 13 To Dec 31, 14 20.43 16.83 8.56
l Minimum Application Amount (Under each Plan / Option) ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Returns greater than 1 year period are compounded annualized (CAGR). # Crisil MIP Blended Index ## Crisil 1 year T-Bill Index.
Purchase : ` 5,000 and any amount thereafter. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme
Additional Purchase : ` 1,000 and any amount thereafter. where a portion of schemes 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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
l Redemption Proceeds by Chirag Setalvad (Equities) and Anil Bamboli (Debt), please refer page 46.
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
l Positive returns over medium term with low risk of
For Tax Benefits / Consequences, Please refer to page 46 capital loss over medium term.
Dedicated Fund Manager for Overseas Investments: l Investment in debt and money market instruments
Mr Rakesh Vyas (Total Experience - Over 12 years). with maturity of 15 months (85%) as well as equity
and equity related instruments (15%).

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
30 January 2017 Intouch mutually
HDFC Income Fund (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To optimise returns while maintaining a balance of safety, Issuer Rating % to Issuer Rating % to
yield and liquidity. NAV NAV
G-Sec, Credit Exposure Andhra Pradesh Expressway Ltd. ICRA - AAA(SO) 0.60
l Fund Manager
Government Securities Sovereign 71.97
Shobhit Mehrotra (since September 11, 07) Bank of Baroda CARE - AA 0.42
Total Experience: Over 22 years Tata Power Co. Ltd. CRISIL - AA- 2.76
Total of Top Ten Holdings 84.62
State Bank of India CRISIL - AA+ 2.34
l Inception Date (Date of Allotment) Total G-Sec, Credit Exposure 84.62
Oriental Bank of Commerce FITCH - A+ 1.54
September 11, 2000
NTPC Ltd. CRISIL - AAA 1.28 Cash, Cash Equivalents and
Net Current Assets 15.38
NAV NAV per Unit (`) Food Corporation of India CRISIL - AAA(SO) 1.28
Regular Plan - Growth Option 37.8838 Tata Steel Ltd. BRICKSWORKS - AA- 1.27 Grand Total 100.00
Regular Plan - Quarterly Dividend Option 11.4215
Regular Plan - Normal Dividend Option 11.9458 Union Bank of India FITCH - AA 1.16 For complete portfolio, please visit www.hdfcfund.com
Direct Plan - Growth Option 39.2626
Direct Plan - Quarterly Dividend Option 11.8565
Direct Plan - Normal Dividend Option 12.4167

aSSETS UNDER MANAGEMENT (`) IN CRORE


As on January 31, 2017 2,167.21
Average for Month of January, 2017 2,186.63

l quantitative data Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Average Maturity * 15.78 years
Modified Duration * 7.75 years
Yield to Maturity * 7.15% Sovereign 71.97
G-Sec 71.97
* Computed on the invested amount for debt portfolio. AAA/AAA(SO)/A1+/A1+(SO)
Credit Exposure 12.65
Cash, Cash Equivalents and & Equivalent 3.16
l Total Expense Ratio AA+ & Below 9.49
Net Current Assets 15.38
(Weighted Average for the month) Cash, Cash Equivalents and
Regular 1.92% Net Current Assets 15.38
Direct 1.02%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL Composite Bond Fund Index

l Entry Load Cumulative Performance


Not Applicable. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
l Exit Load Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
(`)# Benchmark
Nil (%) ##
(`)##
l Plans Dec 31, 15 Last 1 Year 32.8100 14.49 12.93 14.97 11,449 11,293 11,497
Dec 31, 14 Last 2 Years 31.1515 9.81 10.76 11.12 12,059 12,268 12,347
Regular Plan, Direct Plan
Dec 31, 13 Last 3 Years 26.9302 11.73 11.93 12.12 13,949 14,023 14,093
l Options Sep 11, 00 Since Inception 10.0000 8.45 N.A. N.A. 37,566 N.A. N.A.
Under Each Plan : Growth, Quarterly Dividend & Normal Dividend. Discrete 12 month Returns (%)
Both Dividend Options offer Payout and Reinvestment facility. Period Scheme Benchmark Additional Benchmark
^ # ##
l Minimum Application Amount (Under each Plan / Option)
Dec 31, 15 To Dec 30, 16 14.49 12.93 14.97
Purchase : ` 5,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 5.32 8.63 7.39
Additional Purchase : ` 1,000 and any amount thereafter.
Dec 31, 13 To Dec 31, 14 15.67 14.31 14.14
l Redemption Proceeds ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Normally despatched within 3-4 Business Days. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund 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 schemes investments are made in equity instruments. Performance of dividend option under the schemes
For Tax Benefits / Consequences, Please refer to page 46 for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
Dedicated Fund Manager for Overseas Investments: @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available. For performance of other schemes
Mr Rakesh Vyas (Total Experience - Over 12 years). managed by Shobhit Mehrotra, please refer page 46.

This product is suitable for investors who are seeking ~ Riskometer


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.

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 31
HDFC High Interest Fund Dynamic Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate income by investing in a range of debt and money
market instruments of various maturity dates with a view to Issuer Rating % to Issuer Rating % to
maximise income while maintaining the optimum balance of NAV NAV
yield, safety and liquidity.
G-Sec, SDL, Credit Exposure State Bank of Travancore CRISIL - AAA 1.03
l Fund Manager
Government Securities Sovereign 68.98 Oriental Bank of Commerce FITCH - A+ 1.01
Anil Bamboli (since February 16, 04)
Total Experience: Over 22 years State Bank of India CRISIL - AA+ 4.03 HDFC Bank Ltd. CRISIL - AAA 1.01

l Inception Date (Date of Allotment) Union Bank of India FITCH - AA 2.83 Total of Top Ten Holdings 84.95
April 28, 1997 Total G-Sec, SDL, Credit Exposure 88.02
Bank of India CRISIL - A+ 2.08
NAV NAV per Unit (`) Hindalco Industries Ltd. CRISIL - AA- 1.48 Cash, Cash Equivalents and Net Current Assets 11.98
Regular Plan - Growth Option 57.2776
Regular Plan - Quarterly Dividend Option 12.2612 Syndicate Bank CARE - AA- 1.39 Grand Total 100.00
Regular Plan - Half-Yearly Dividend Option 12.0027
Regular Plan - Yearly Dividend Option 14.0294 Mahanagar Telephone Nigam Ltd. CARE - AAA(SO) 1.11 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Normal Dividend Option 12.2706
Direct Plan - Growth Option 59.2057
Direct Plan - Quarterly Dividend Option 12.6707
Direct Plan - Half-Yearly Dividend Option 12.8533
Direct Plan - Yearly Dividend Option 14.4845
Direct Plan - Normal Dividend Option 12.4667

aSSETS UNDER MANAGEMENT (`) IN CRORE


Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
As on January 31, 2017 2,518.50
Average for Month of January, 2017 2,500.58

l quantitative data Sovereign 68.98


G-Sec, SDL 68.98
Average Maturity * 11.33 years AAA/AAA(SO)/A1+/A1+(SO)
Credit Exposure 19.04 & Equivalent 3.78
Modified Duration * 6.41 years
Yield to Maturity * 7.24% Cash, Cash Equivalents and AA+ & Below 15.26
Net Current Assets 11.98 Cash, Cash Equivalents and
* Computed on the invested amount.
Net Current Assets 11.98
l Total Expense Ratio
(Weighted Average for the month)
Regular 1.72%
Direct 1.12%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL Composite Bond Fund Index Cumulative Performance
l Entry Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
Not Applicable. Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
(`)# Benchmark
l Exit Load (%) ##
(`)##
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 15 Last 1 Year 49.4384 14.74 12.93 14.97 11,474 11,293 11,497
Load of 0.50% is payable if Units are redeemed / switched-
out within 6 months from the date of allotment. Dec 31, 14 Last 2 Years 46.8565 10.03 10.76 11.12 12,106 12,268 12,347
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 40.3442 12.03 11.93 12.12 14,060 14,023 14,093
out after 6 months from the date of allotment.
Apr 28, 97 Since Inception 10.0000 9.22 N.A. N.A. 56,724 N.A. N.A.
For further details, please refer to para Exit Load on Pg 46.
Discrete 12 month Returns (%)
l Plans Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan ^ # ##
l Options Dec 31, 15 To Dec 30, 16 14.74 12.93 14.97
Under Each Plan : Growth, Normal Dividend, Quarterly Dec 31, 14 To Dec 31, 15 5.51 8.63 7.39
Dividend, Half Yearly Dividend, & Yearly Dividend. All Dividend
Dec 31, 13 To Dec 31, 14 16.14 14.31 14.14
Options offer Payout and Reinvestment facility.
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
l Minimum Application Amount (Under each Plan / Option) greater than 1 year period are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index.
Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
Purchase : ` 5,000 and any amount thereafter. into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
Additional Purchase : ` 1,000 and any amount thereafter. period. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.
l Redemption Proceeds
Normally despatched within 3-4 Business Days.
This product is suitable for investors who are seeking ~ Riskometer
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments: l Stable returns over medium to long term.
Mr Rakesh Vyas (Total Experience - Over 12 years). l Tomaximize 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.

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
32 January 2017 Intouch mutually
HDFC High Interest Fund Short Term Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate income by investing in a range of debt and money
market instruments of various maturity dates with a view to Issuer Rating % to Issuer Rating % to
NAV NAV
maximising income while maintaining the optimum balance
of yield, safety and liquidity. The objective is to cater to the G-Sec, SDL, CD/CP, Credit Exposure Reliance Jio Infocomm Limited CRISIL - AAA 3.14
needs of investors with shorter term investment horizons and
Government Securities Sovereign 23.49 Rural Electrification
to provide stable returns over shorter periods.
Housing Development Finance Corporation Ltd. CRISIL - AAA 2.68
l Fund Manager Corporation Ltd. CRISIL - AAA 11.04 Toyota Financial Services India Ltd CRISIL - AAA 2.58
Shobhit Mehrotra (since September 1, 07) Vedanta Ltd. CRISIL - AA- 4.02
Total of Top Ten Holdings 60.60
Total Experience: Over 22 years HPCL-Mittal Energy Limited FITCH - AA 3.59
Total G-Sec, SDL, CD/CP, Credit Exposure 90.13
Infiniti Retail Ltd.
l Inception Date (Date of Allotment)
(Subsidiary of Tata Sons) CARE - A+ 3.47 Cash, Cash Equivalents and Net Current Assets 9.87
February 6, 2002
Volkswagen Finance
Grand Total 100.00
Private Limited FITCH - AAA 3.33
NAV NAV per Unit (`)
State Bank of India CRISIL - AA+ 3.26 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Growth Option 32.5839
Regular Plan - Dividend Option 12.3629 Co-sponsor
Regular Plan - Fortnightly Dividend Option 10.5876
Direct Plan - Growth Option 33.2175
Direct Plan - Dividend Option 12.4364
Direct Plan - Fortnightly Dividend Option 10.8843
Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
aSSETS UNDER MANAGEMENT (`) IN CRORE
As on January 31, 2017 2,272.63
Sovereign 23.49
Average for Month of January, 2017 2,268.91 G-Sec, SDL 23.49 AAA/AAA(SO)/A1+/A1+(SO)
CD/CP 1.08 & Equivalent 31.56
l quantitative data
Credit Exposure 65.56 AA+ & Below 35.08
Average Maturity * 3.91 years Cash, Cash Equivalents and Cash, Cash Equivalents and
Modified Duration * 2.79 years Net Current Assets 9.87 Net Current Assets 9.87
Yield to Maturity * 7.58%
* Computed on the invested amount.

l Total Expense Ratio


(Weighted Average for the month)
Regular 1.20%
Direct 0.75%
Excluding Service Tax on Management Fees. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l BENCHMARK INDEX
per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
CRISIL Short Term Bond Fund Index (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
(`)##
l Entry Load
Dec 31, 15 Last 1 Year 28.9587 11.53 9.83 7.27 11,153 10,983 10,727
Not Applicable.
Dec 31, 14 Last 2 Years 26.9618 9.45 9.24 7.75 11,979 11,934 11,609
l Exit Load Dec 31, 13 Last 3 Years 24.2511 10.02 9.65 8.02 13,318 13,183 12,603
Nil Feb 06, 02 Since Inception 10.0000 8.18 N.A. 5.98 32,299 N.A. 23,769

l Plans
Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan
^ # ##
l Options Dec 31, 15 To Dec 30, 16 11.53 9.83 7.27
Under both the Plans : Growth, Normal Dividend & Dec 31, 14 To Dec 31, 15 7.41 8.66 8.22
Fortnightly Dividend. Both Dividend Options offer Payout Dec 31, 13 To Dec 31, 14 11.18 10.47 8.56
and Reinvestment facility.
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill
l Minimum Application Amount (Under each Plan / Option) Index. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is
Purchase : ` 5,000 and any amount thereafter. not taken into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning
Additional Purchase : ` 1,000 and any amount thereafter. of a given period. N.A.: Not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46.

l Redemption Proceeds
This product is suitable for investors who are seeking ~ Riskometer
Normally despatched within 3-4 Business Days.
l Stable returns over short to medium term.
For Tax Benefits / Consequences, Please refer to page 46 l Tomaximize income while maintaining the optimum
Dedicated Fund Manager for Overseas Investments: balance of yield, safety and liquidity by investing in a
Mr Rakesh Vyas (Total Experience - Over 12 years). range of debt and money market instruments of various
maturity dates.

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 33
HDFC Short Term Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investment in Debt
Securities and Money Market Instruments. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager

Anil Bamboli (since January 13, 04) G-Sec, CD/CP, Credit Exposure Sadbhav Infrastructure Project Ltd CARE - A+(SO) 3.43
Total Experience: Over 22 years
Tata Motors Finance Ltd. CRISIL - AA 6.14 National Bank for Agriculture
l Inception Date (Date of Allotment) & Rural Development CRISIL - AAA 2.80
February 28, 2002 Vedanta Ltd. CRISIL - AA- 5.92
Aditya Birla Retail Ltd CRISIL - A- 2.78
NAV NAV per Unit (`) Housing Development Finance
Corporation Ltd. CRISIL - AAA 4.80 Total of Top Ten Holdings 42.27
Regular Plan - Growth Option 32.1334
Regular Plan - Dividend Option 12.4280
HPCL-Mittal Energy Limited FITCH - AA 4.40 Total G-Sec, CD/CP, Credit Exposure 93.09
Regular Plan - Monthly Dividend Option 10.3768
Direct Plan - Growth Option 32.6225
Direct Plan - Dividend Option 12.4272 Nirchem Cement Limited CRISIL - AA 4.35 Cash, Cash Equivalents and
Direct Plan - Monthly Dividend Option 10.3443 Net Current Assets 6.91
Adani Transmission Limited FITCH - AA+ 4.08
aSSETS UNDER MANAGEMENT (`) IN CRORE Grand Total 100.00
As on January 31, 2017 4,129.07 ICICI Bank Ltd. CARE - A1+ 3.57
Average for Month of January, 2017 4,070.39 For complete portfolio, please visit www.hdfcfund.com
l quantitative data Co-sponsor
Average Maturity * 1.80 years
Modified Duration * 1.55 years
Yield to Maturity * 8.39% Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
* Computed on the invested amount.
Sovereign 0.02
l Total Expense Ratio AAA/AAA(SO)/A1+/A1+(SO)
(Weighted Average for the month) G-Sec 0.02
CD/CP 5.95 & Equivalent 19.07
Regular 1.87% AA+ & Below 71.78
Direct 1.23% Credit Exposure 87.12
Cash, Cash Equivalents and Unrated 2.22
Excluding Service Tax on Management Fees. Cash, Cash Equivalents and
Net Current Assets 6.91
l BENCHMARK INDEX Net Current Assets 6.91
CRISIL Short Term Bond Fund Index

l Entry Load
Not Applicable.

l Exit Load
l In respect of each purchase / switch-in of Units, 15% of
the units (the limit) may be redeemed without any exit Cumulative Performance
Load from the date of allotment. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Any redemption in excess of the above limit shall be subject per Unit Returns Returns Benchmark
to the following exit load: Scheme Benchmark Additional
(`) (%)^ (%)# Returns
n Exit load of 0.75% is payable if units are redeemed / (`) (`)# Benchmark
(%) ##
switched out within 12 months from the date of (`)##
allotment. Dec 31, 15 Last 1 Year 28.8843 10.20 9.83 7.27 11,020 10,983 10,727
l No Exit load is payable if units are redeemed / switched
out after 12 months from the date of allotment. Dec 31, 14 Last 2 Years 26.3782 9.85 9.24 7.75 12,067 11,934 11,609
For further details, please refer to para Exit Load on Pg 46. Dec 31, 13 Last 3 Years 23.7727 10.22 9.65 8.02 13,390 13,183 12,603
Feb 28, 02 Since Inception 10.0000 8.11 N.A. 5.98 31,832 N.A. 23,675
l Plans
Regular Plan, Direct Plan
Discrete 12 month Returns (%)
Period Scheme Benchmark Additional Benchmark
l Options
^ # ##
Under both the Plans : Growth, Monthly Dividend option &
Normal Dividend. Both Dividend options offer Payout and Dec 31, 15 To Dec 30, 16 10.20 9.83 7.27
Reinvestment facilities. Dec 31, 14 To Dec 31, 15 9.50 8.66 8.22
Dec 31, 13 To Dec 31, 14 10.96 10.47 8.56
l Minimum Application Amount (Under each Plan / Option)
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Purchase : ` 5,000 and any amount thereafter. greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index.
Additional Purchase : ` 1,000 and any amount thereafter. 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. @ shows the current value of ` 10,000/- invested at the beginning of a given
l Redemption Proceeds
period. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.
Normally despatched within 3-4 Business Days.

For Tax Benefits / Consequences, Please refer to page 46


Dedicated Fund Manager for Overseas Investments: This product is suitable for investors who are seeking ~ Riskometer
Mr Rakesh Vyas (Total Experience - Over 12 years). 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).

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
34 January 2017 Intouch mutually
HDFC Short Term Opportunities Fund (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with Issuer Rating % to Issuer Rating % to
maturities not exceeding 36 months. NAV NAV

l Fund Manager G-Sec, SDL, CD/CP, Credit Exposure Small Industries Development
Bank of India CARE - AAA 4.54
Anil Bamboli (since June 25, 10) Government Securities Sovereign 11.45
Total Experience: Over 22 years Reliance Jio Infocomm Limited CRISIL - AAA 3.92
Housing Development Finance
Corporation Ltd. CRISIL - AAA 10.61 Export - Import Bank of India CRISIL - AAA 2.84
l Inception Date (Date of Allotment)
National Bank for Agriculture & Cholamandalam Investment and
June 25, 2010
Rural Development CRISIL - AAA 9.18 Finance Company Ltd. ICRA - AA 2.58
NAV NAV per Unit (`) Total of Top Ten Holdings 65.15
Power Finance Corporation Ltd. CRISIL - AAA 7.52
Regular Plan - Growth Option 17.8327 Total G-Sec, SDL, CD/CP, Credit Exposure 97.21
Regular Plan - Fortnightly Dividend Option 10.2301 ONGC Petro additions Limited
Regular Plan - Normal Dividend Option 11.9901 (OPAL) CRISIL - AAA(SO) 6.37 Cash, Cash Equivalents and Net Current Assets 2.79
Direct Plan - Growth Option 17.9399 LIC Housing Finance Ltd. CARE - AAA / Grand Total 100.00
Direct Plan - Fortnightly Dividend Option 10.2905 CRISIL - AAA 6.14
Direct Plan - Normal Dividend Option 11.9930 For complete portfolio, please visit www.hdfcfund.com
aSSETS UNDER MANAGEMENT (`) IN CRORE Co-sponsor
As on January 31, 2017 9,315.71
Average for Month of January, 2017 9,585.67
l quantitative data
Average Maturity * 1.57 years
Modified Duration * 1.35 years Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Yield to Maturity * 7.09%
* Computed on the invested amount.
G-Sec, SDL 11.45 Sovereign 11.45
l Total Expense Ratio
(Weighted Average for the month) CD/CP 3.49 AAA/AAA(SO)/A1+/A1+(SO)
Credit Exposure 82.27 & Equivalent 74.51
Regular 0.36% AA+ & Below 11.25
Direct 0.21% Cash, Cash Equivalents and
Net Current Assets 2.79 Cash, Cash Equivalents and
Excluding Service Tax on Management Fees. Net Current Assets 2.79
l BENCHMARK INDEX
CRISIL Short Term Bond Fund Index

l Entry Load
Not Applicable.

l Exit Load
Cumulative Performance
Nil
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Plans per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
Regular Plan, Direct Plan (`)# Benchmark
(%) ##
(`)##
l Options
Dec 31, 15 Last 1 Year 16.1799 9.31 9.83 7.27 10,931 10,983 10,727
Under Each Plan: Growth, Fortnightly Dividend & Normal
Dividend. Both Dividend options offer Payout and Dec 31, 14 Last 2 Years 14.8852 9.00 9.24 7.75 11,882 11,934 11,609
Reinvestment facilities. Dec 31, 13 Last 3 Years 13.4818 9.47 9.65 8.02 13,118 13,183 12,603
Jun 25, 10 Since Inception 10.0000 9.14 8.63 7.04 17,686 17,161 15,584
l Minimum Application Amount (Under each Plan / Option)
Purchase : ` 5,000 and any amount thereafter.
Discrete 12 month Returns (%)
Additional Purchase : ` 1,000 and any amount thereafter. Period Scheme Benchmark Additional Benchmark
^ # ##
l Redemption Proceeds
Dec 31, 15 To Dec 30, 16 9.31 9.83 7.27
Normally despatched within 3-4 Business Days.
Dec 31, 14 To Dec 31, 15 8.70 8.66 8.22
For Tax Benefits / Consequences, Please refer to page 46 Dec 31, 13 To Dec 31, 14 10.41 10.47 8.56
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years). ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill
Index. 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. @ shows the current value of ` 10,000/- invested at the beginning
of a given period. For performance of other schemes managed by Anil Bamboli, please refer page 46.

This product is suitable for investors who are seeking ~ Riskometer


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.

Investors understand that their principal will be at moderately low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 35
HDFC Medium Term Opportunities Fund (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with Issuer Rating % to Issuer Rating % to
maturities not exceeding 60 months. NAV NAV

l Fund Manager SDL, Credit Exposure Rural Electrification


Corporation Ltd. CRISIL - AAA 4.84
Anupam Joshi (since October 27, 15) Government Securities Sovereign 23.45
Total Experience: Over 15 years ONGC Petro additions Limited
Power Finance Corporation Ltd. CARE - AAA /
CRISIL - AAA 10.76 (OPAL) CRISIL - AAA(SO) 4.50
l Inception Date (Date of Allotment)
Housing Development Finance NTPC Ltd. CRISIL - AAA /
June 29, 2010
Corporation Ltd. CRISIL - AAA 10.36 ICRA - AAA 3.95
NAV NAV per Unit (`) LIC Housing Finance Ltd. CARE - AAA / Total of Top Ten Holdings 85.19
Regular Plan - Growth Option 18.0411 CRISIL - AAA 9.52
Regular Plan - Dividend Option 12.2706 National Highways Authority Total SDL, Credit Exposure 96.69
Regular Plan - Quarterly Dividend Option 10.4222 of India CRISIL - AAA 7.22
Direct Plan - Growth Option 18.1095 Cash, Cash Equivalents and Net Current Assets 3.31
Direct Plan - Dividend Option 12.4282 Bajaj Finance Ltd. FITCH - AAA 5.38
Grand Total 100.00
Direct Plan - Quarterly Dividend Option 10.4970 Power Grid Corporation
of India Ltd. CRISIL - AAA 5.21 For complete portfolio, please visit www.hdfcfund.com
aSSETS UNDER MANAGEMENT (`) IN CRORE
As on January 31, 2017 9,400.67 Co-sponsor
Average for Month of January, 2017 9,435.77

l quantitative data Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Average Maturity * 3.51 years
Modified Duration * 2.82 years
Yield to Maturity * 7.12% SDL 23.45 Sovereign 23.45
* Computed on the invested amount. Credit Exposure 73.24 AAA/AAA(SO)/A1+/A1+(SO)
& Equivalent 73.24
l Total Expense Ratio Cash, Cash Equivalents and
Net Current Assets 3.31 Cash, Cash Equivalents and
(Weighted Average for the month) Net Current Assets 3.31
Regular 0.31%
Direct 0.26%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL Composite Bond Fund Index

l Entry Load
Not Applicable. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Exit Load per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
Nil (`)# Benchmark
(%) ##
(`)##
l Plans Dec 31, 15 Last 1 Year 16.1105 10.63 12.93 14.97 11,063 11,293 11,497
Regular Plan, Direct Plan
Dec 31, 14 Last 2 Years 14.8332 9.62 10.76 11.12 12,016 12,268 12,347
l Options Dec 31, 13 Last 3 Years 13.3696 10.06 11.93 12.12 13,332 14,023 14,093
Under both the Plans: Growth, Quarterly Dividend & Jun 29, 10 Since Inception 10.0000 9.28 8.83 7.53 17,824 17,344 16,043
Normal Dividend. Both Dividend options offer Payout and Discrete 12 month Returns (%)
Reinvestment facilities.
Period Scheme Benchmark Additional Benchmark
^ # ##
l Minimum Application Amount (Under each Plan / Option)
Dec 31, 15 To Dec 30, 16 10.63 12.93 14.97
Purchase : ` 5,000 and any amount thereafter.
Additional Purchase : ` 1,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 8.61 8.63 7.39
Dec 31, 13 To Dec 31, 14 10.95 14.31 14.14
l Redemption Proceeds
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt
Index. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is
For Tax Benefits / Consequences, Please refer to page 46 not taken into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning
Dedicated Fund Manager for Overseas Investments: of a given period. For performance of other schemes managed by Anupam Joshi, please refer page 46.
Mr Rakesh Vyas (Total Experience - Over 12 years).

This product is suitable for investors who are seeking ~ Riskometer


l Regular income over medium to short term.
l Investment in debt, money market instruments and
government securities with maturities not exceeding
60 months.

Investors understand that their principal will be at moderately low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
36 January 2017 Intouch mutually
HDFC Gilt Fund Short Term Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate credit risk-free returns through investments in
sovereign securities issued by the Central Government and/ Issuer Rating % to Issuer Rating % to
or State Government. NAV NAV

l Fund Manager G-Sec, SDL 8.12 GOI 2020 Sovereign 4.49


Anil Bamboli (since September 1, 07) 7.68 GOI 2023 Sovereign 20.28 State Government of Gujarat Sovereign 1.15
Total Experience: Over 22 years 6.35 GOI 2020 Sovereign 1.06
8.35 GOI 2022 Sovereign 17.12
l Inception Date (Date of Allotment) 7.35 GOI 2024 Sovereign 12.15 Total of Top Ten Holdings 89.81
July 25, 2001 Total G-Sec, SDL 90.97
8.2 GOI 2022 Sovereign 11.33
NAV NAV per Unit (`) Cash, Cash Equivalents and
7.16 GOI 2023 Sovereign 10.91 Net Current Assets 9.03
Regular Plan - Growth Option 27.2401
8.13 GOI 2022 Sovereign 5.67 Grand Total 100.00
Regular Plan - Dividend Option 11.3964
Direct Plan - Growth Option 27.5615 8.08 GOI 2022 Sovereign 5.65 For complete portfolio, please visit www.hdfcfund.com
Direct Plan - Dividend Option 11.5597

aSSETS UNDER MANAGEMENT (`) IN CRORE


As on January 31, 2017 470.49
Average for Month of January, 2017 518.63

l quantitative data
Average Maturity * 5.55 years
Modified Duration * 4.22 years
Yield to Maturity * 6.58% Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
* Computed on the invested amount.
l Total Expense Ratio
(Weighted Average for the month)
G-Sec, SDL 90.97 Sovereign 90.97
Regular 0.38%
Direct 0.13% Cash, Cash Equivalents and Cash, Cash Equivalents and
Net Current Assets 9.03 Net Current Assets 9.03
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
I-Sec Si-Bex

l Entry Load
Not Applicable.

l Exit Load
Nil
Cumulative Performance
l Plans Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Regular Plan, Direct Plan per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
l Options (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
Under both the Plans: Growth & Dividend Option (Dividend (`)##
Option offers Dividend Payout and Reinvestment facility. Dec 31, 15 Last 1 Year 24.1827 11.92 9.12 7.27 11,192 10,912 10,727
Dec 31, 14 Last 2 Years 22.2374 10.32 9.07 7.75 12,171 11,896 11,609
l Minimum Application Amount (Under each Plan / Option)
Purchase : ` 5,000 and any amount thereafter. Dec 31, 13 Last 3 Years 20.1750 10.29 9.17 8.02 13,415 13,011 12,603
Additional Purchase : ` 1,000 and any amount thereafter. Jul 25, 01 Since Inception 10.0000 6.66 N.A. 6.11 27,065 N.A. 24,973

l Redemption Proceeds Discrete 12 month Returns (%)


Normally despatched within 3-4 Business Days. Period Scheme Benchmark Additional Benchmark
^ # ##
For Tax Benefits / Consequences, Please refer to page 46 Dec 31, 15 To Dec 30, 16 11.92 9.12 7.27
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years). Dec 31, 14 To Dec 31, 15 8.75 9.02 8.22
Dec 31, 13 To Dec 31, 14 10.22 9.37 8.56
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # I-Sec Si-Bex ## CRISIL 1 year T-Bill Index. 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. @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not
Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.

This product is suitable for investors who are seeking ~ Riskometer


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.

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 37
HDFC Gilt Fund Long Term Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate credit risk-free returns through investments in
sovereign securities issued by the Central Government and/ Issuer Rating % to Issuer Rating % to
or State Government. NAV NAV

l Fund Manager G-Sec, SDL 7.61 GOI 2030 Sovereign 3.19


Anil Bamboli (since September 1, 07) 8.3 GOI 2040 Sovereign 16.38 8.3 GOI 2042 Sovereign 3.13
Total Experience: Over 22 years 6.57 GOI 2033 Sovereign 3.07
8.24 GOI 2033 Sovereign 14.85
l Inception Date (Date of Allotment) 8.32 GOI 2032 Sovereign 9.55 Total of Top Ten Holdings 78.92
July 25, 2001 Total G-Sec, SDL 87.45
State Government of Rajasthan Sovereign 8.51
NAV NAV per Unit (`) Cash, Cash Equivalents and
7.73 GOI 2034 Sovereign 8.37 Net Current Assets 12.55
Regular Plan - Growth Option 34.3584
8.17 GOI 2044 Sovereign 7.79 Grand Total 100.00
Regular Plan - Dividend Option 11.4584
Direct Plan - Growth Option 34.9238 8.08 GOI 2022 Sovereign 4.08 For complete portfolio, please visit www.hdfcfund.com
Direct Plan - Dividend Option 11.6920

aSSETS UNDER MANAGEMENT (`) IN CRORE


As on January 31, 2017 2,868.21
Average for Month of January, 2017 2,977.18

l quantitative data
Average Maturity * 16.51 years
Modified Duration * 8.26 years Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Yield to Maturity * 7.00%
* Computed on the invested amount.
l Total Expense Ratio
(Weighted Average for the month) G-Sec, SDL 87.45 Sovereign 87.45
Regular 0.82% Cash, Cash Equivalents and Cash, Cash Equivalents and
Direct 0.37% Net Current Assets 12.55 Net Current Assets 12.55
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
I-Sec Li-Bex

l Entry Load
Not Applicable.

l Exit Load
Nil
Cumulative Performance
l Plans Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Regular Plan, Direct Plan per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
l Options (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
Under both the Plans: Growth & Dividend Option (Dividend (`)##
Option offers Dividend Payout and Reinvestment facility. Dec 31, 15 Last 1 Year 29.2066 16.57 16.76 14.97 11,657 11,676 11,497
Dec 31, 14 Last 2 Years 27.5777 11.11 12.03 11.12 12,345 12,550 12,347
l Minimum Application Amount (Under each Plan / Option)
Purchase : ` 5,000 and any amount thereafter. Dec 31, 13 Last 3 Years 23.1688 13.69 14.54 12.12 14,694 15,027 14,093
Additional Purchase : ` 1,000 and any amount thereafter. Jul 25, 01 Since Inception 10.0000 8.26 N.A. N.A. 34,045 N.A. N.A.

l Redemption Proceeds Discrete 12 month Returns (%)


Normally despatched within 3-4 Business Days. Period Scheme Benchmark Additional Benchmark
^ # ##
For Tax Benefits / Consequences, Please refer to page 46 Dec 31, 15 To Dec 30, 16 16.57 16.76 14.97
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years). Dec 31, 14 To Dec 31, 15 5.91 7.48 7.39
Dec 31, 13 To Dec 31, 14 19.03 19.74 14.14
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # I-Sec Li-Bex ## CRISIL 10 year Gilt Index. 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. @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not
Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.

This product is suitable for investors who are seeking ~ Riskometer


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.

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
38 January 2017 Intouch mutually
HDFC Floating Rate Income Fund Short Term Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investment in a portfolio
comprising substantially of floating rate debt / money market Issuer Rating % to Issuer Rating % to
instruments, fixed rate debt / money market instruments NAV NAV
swapped for floating rate returns, and fixed rate debt
securities and money market instruments. G-Sec, SDL, T-bills, CD/CP, Credit Exposure Rural Electrification
Corporation Ltd. CRISIL - AAA 3.92
l Fund Manager Power Finance Corporation Ltd. CRISIL - AAA 10.72
Shobhit Mehrotra (since February 16, 04) Indiabulls Housing Finance Ltd. CARE - AAA 3.07
National Bank for Agriculture
Total Experience: Over 22 years
& Rural Development CRISIL - AAA 8.58 Adani Ports and Special FITCH - AA+ /
l Inception Date (Date of Allotment) Economic Zone Ltd. ICRA - A1+, AA+ 2.78
ONGC Petro additions Limited
January 16, 2003 (OPAL) CRISIL - AAA(SO) 8.11 Total of Top Ten Holdings 62.57
NAV NAV per Unit (`)
Axis Bank Ltd. CRISIL - A1+, AA 7.70
Retail Option Total G-Sec, SDL, T-bills, CD/CP, Credit Exposure 96.79
Regular Plan - Growth Option 27.2130 Housing Development Finance
Regular Plan - Daily Dividend Reinvestment Option 10.0809 Corporation Ltd. CRISIL - AAA 6.97 Cash, Cash Equivalents and Net Current Assets 3.21
Regular Plan - Weekly Dividend Option 10.1379
Regular Plan - Monthly Dividend Option 10.1466 State Bank of India CRISIL - AA+ 6.71 Grand Total 100.00
Wholesale Option
Regular Plan - Growth Option 28.0029 ICICI Bank Ltd. CARE - A1+ 4.01 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Daily Dividend Reinvestment Option 10.0809 Co-sponsor
Regular Plan - Weekly Dividend Option 10.1379
Regular Plan - Monthly Dividend Option 10.1466
Direct Plan - Growth Option 28.0872 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Direct Plan - Daily Dividend Reinvestment Option 10.0809
Direct Plan - Weekly Dividend Option 10.1379
Direct Plan - Monthly Dividend Option 10.1467
G-Sec, SDL, T-bills 2.35 Sovereign 2.35
aSSETS UNDER MANAGEMENT (`) IN CRORE CD/CP 19.91 AAA/AAA(SO)/A1+/A1+(SO)
As on January 31, 2017 13,615.76 Credit Exposure 74.53 & Equivalent 71.49
Average for Month of January, 2017 13,834.01 AA+ & Below 22.95
Cash, Cash Equivalents and
Net Current Assets 3.21 Cash, Cash Equivalents and
l quantitative data Net Current Assets 3.21
Average Maturity * 1.53 years
Modified Duration * 1.20 years
Yield to Maturity * 7.27%
* Computed on the invested amount.
l Total Expense Ratio
(Weighted Average for the month)
Regular 0.29%
Direct 0.19%
Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Excluding Service Tax on Management Fees.
per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
l BENCHMARK INDEX (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
Crisil Liquid Fund Index (`)##

l Entry Load Dec 31, 15 Last 1 Year 25.4886 8.99 7.48 7.27 10,899 10,748 10,727
Not Applicable. Dec 31, 14 Last 2 Years 23.4195 8.91 7.86 7.75 11,861 11,633 11,609
Dec 31, 13 Last 3 Years 21.4046 9.08 8.31 8.02 12,978 12,705 12,603
l Exit Load
Oct 23, 07 Since Inception 13.1821 8.44 7.63 6.47 21,073 19,666 17,792
Nil
Discrete 12 month Returns (%)
l Plans Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan ^ # ##
l Options Dec 31, 15 To Dec 30, 16 8.99 7.48 7.27
Under both the Plans: Growth & Dividend Option. The Dec 31, 14 To Dec 31, 15 8.83 8.23 8.22
Dividend Option offers Daily Dividend Option (with
Dec 31, 13 To Dec 31, 14 9.41 9.21 8.56
Reinvestment facility only) and Weekly and Monthly Dividend
Option (with Payout and Reinvestment facility). ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill Index.
l Minimum Application Amount (Under each Plan / Option) 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. Load is not taken into consideration for computation of performance.
Purchase : ` 10 lakh and any amount thereafter. @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
Additional Purchase : ` 1 and any amount thereafter. by Shobhit Mehrotra, please refer page 46.
l Redemption Proceeds
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
l Regular income over short term.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments: l Investment in floating rate debt / money market
Mr Rakesh Vyas (Total Experience - Over 12 years). 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.

Investors understand that their principal will be at moderately low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 39
HDFC Floating Rate Income Fund Long Term Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investment in a portfolio
comprising substantially of floating rate debt / money market Issuer Rating % to Issuer Rating % to
instruments, fixed rate debt / money market instruments NAV NAV
swapped for floating rate returns, and fixed rate debt G-Sec, CD/CP, Credit Exposure National Bank for Agriculture &
securities and money market instruments. Rural Development CRISIL - A1+ 5.85
Government Securities Sovereign 35.94
l Fund Manager Housing Development Finance Axis Bank Ltd. CRISIL - A1+ 4.87
Shobhit Mehrotra (since February 16, 04) Corporation Ltd. CRISIL - AAA 11.67 Bank of Maharashtra CRISIL - A1+ 1.94
Total Experience: Over 22 years LIC Housing Finance Ltd. CARE - AAA /
Total of Top Ten Holdings 98.03
CRISIL - AAA 11.08
l Inception Date (Date of Allotment) Total G-Sec, CD/CP, Credit Exposure 98.03
Corporation Bank CRISIL - A1+ 6.96
January 16, 2003
National Housing Bank CRISIL - AAA 6.74 Cash, Cash Equivalents and Net Current Assets 1.97
NAV NAV per Unit (`) Power Finance Corporation Ltd. CRISIL - AAA 6.56 Grand Total 100.00
Regular Plan - Growth Option 28.5688 Canara Bank CRISIL - A1+ 6.42 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Weekly Dividend Option 10.1936
Regular Plan - Normal Dividend Option 11.7665 Co-sponsor
Direct Plan - Growth Option 28.6306
Direct Plan - Weekly Dividend Option 10.5273
Direct Plan - Normal Dividend Option 11.6857

aSSETS UNDER MANAGEMENT (`) IN CRORE


As on January 31, 2017 1,931.52
Average for Month of January, 2017 1,929.09 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)

l quantitative data
G-Sec 35.94 Sovereign 35.94
Average Maturity * 3.70 years
Modified Duration * 2.46 years CD/CP 26.04 AAA/AAA(SO)/A1+/A1+(SO)
Yield to Maturity * 6.74% Credit Exposure & Equivalent 62.09
36.05
* Computed on the invested amount. Cash, Cash Equivalents and
Cash, Cash Equivalents and
Net Current Assets 1.97
Net Current Assets 1.97
l Total Expense Ratio
(Weighted Average for the month)
Regular 0.25%
Direct 0.20%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
Crisil Liquid Fund Index
Cumulative Performance
l Entry Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
Not Applicable. Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
(`)# Benchmark
l Exit Load (%) ##
(`)##
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 15 Last 1 Year 25.7330 10.29 7.48 7.27 11,029 10,748 10,727
Load of 0.50% is payable if Units are redeemed / switched-
Dec 31, 14 Last 2 Years 23.8495 9.09 7.86 7.75 11,900 11,633 11,609
out within 3 months from the date of allotment.
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 21.8172 9.16 8.31 8.02 13,009 12,705 12,603
out after 3 months from the date of allotment. Jan 16, 03 Since Inception 10.0104 7.75 6.83 5.93 28,352 25,156 22,365
For further details, please refer to para Exit Load on Pg 46. Discrete 12 month Returns (%)
l Plans Period Scheme Benchmark Additional Benchmark
^ # ##
Regular Plan, Direct Plan
Dec 31, 15 To Dec 30, 16 10.29 7.48 7.27
l Options
Dec 31, 14 To Dec 31, 15 7.90 8.23 8.22
Under both the Plans: Growth, Weekly Dividend Reinvestment
Dec 31, 13 To Dec 31, 14 9.32 9.21 8.56
Option and Normal Dividend Option (with Payout facility).
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
l Minimum Application Amount (Under each Plan / Option) Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill Index.
Since Inception returns are calculated on ` 10.0104 (allotment price). Performance of dividend option under the schemes for the
Purchase : ` 5,000 and any amount thereafter. investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
Additional Purchase : ` 1,000 and any amount thereafter. @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
by Shobhit Mehrotra, please refer page 46.
l Redemption Proceeds
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
For Tax Benefits / Consequences, Please refer to page 46 l Regular income over short to medium term.
Dedicated Fund Manager for Overseas Investments: l Investment in floating rate debt / money market
Mr Rakesh Vyas (Total Experience - Over 12 years). instruments, fixed rate debt / money market instruments
swapped for floating rate returns and fixed rate
debt and money market instruments of longer term
maturities.

Investors understand that their principal will be at moderate risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
40 January 2017 Intouch mutually
HDFC Liquid Fund (An open-ended liquid income scheme)
l investment objective Portfolio - Top 10 Holdings
To enhance income consistent with a high level of liquidity,
through a judicious portfolio mix comprising of money market Issuer Rating % to Issuer Rating % to
and debt instruments. NAV NAV
l Fund Manager T-bills, CD/CP, Credit Exposure Vedanta Ltd. CRISIL - A1+ 3.05
Anupam Joshi (since October 27, 15)
Total Experience: Over 15 years Government Securities Sovereign 35.29 Tata Capital Financial Services Ltd. CRISIL - A1+, AA+ 2.90
l Inception Date (Date of Allotment)
Indiabulls Housing Finance Ltd. CARE - AAA / Aditya Birla Finance Ltd. ICRA - A1+ 2.59
October 17, 2000 CRISIL - A1+ 5.91
l NAV^^ NAV per Unit (`) Power Finance Corporation Ltd. CRISIL - AAA 2.54
Steel Authority of India Ltd. FITCH - A1+ 4.80
HDFC Liquid Fund
Regular Plan - Growth Option 3,165.9418 Total of Top Ten Holdings 68.65
Regular Plan - Power Grid Corporation
Daily Dividend Reinvestment Option 1,019.8200 of India Ltd. CRISIL - A1+ 4.54 Total T-bills, CD/CP, Credit Exposure 106.37
Regular Plan - Weekly Dividend Option 1,031.2184
Regular Plan - Monthly Dividend Option 1,026.4882 Small Industries Development CARE - A1+ / Cash, Cash Equivalents and Net Current Assets -6.37
Direct Plan - Growth Option 3,174.6100 Bank of India FITCH - A1+ 3.69
Direct Plan - Daily Dividend Reinvestment Option 1,019.8200 Grand Total 100.00
Direct Plan - Weekly Dividend Option 1,031.2209
Direct Plan - Monthly Dividend Option 1,026.4911 Mahindra & Mahindra Financial
Services Ltd. CRISIL - A1+ 3.34 For complete portfolio, please visit www.hdfcfund.com
HDFC Liquid Fund - Premium Plan
Regular Plan - Growth Option 3,224.1673 Co-sponsor
Regular Plan -
Daily Dividend Reinvestment Option 1,225.9800
Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
aSSETS UNDER MANAGEMENT (`) IN CRORE
As on January 31, 2017 32,568.04 Sovereign 35.29
Average for Month of January, 2017 36,386.41 T-bills 35.29 AAA/AAA(SO)/A1+/A1+(SO)
l quantitative data CD/CP 62.26 & Equivalent 68.68
Credit Exposure 8.82 AA+ & Below 2.40
Average Maturity * 43 days
Modified Duration * 41 days Cash, Cash Equivalents and
Cash, Cash Equivalents and
Yield to Maturity * 6.52% Net Current Assets -6.37
Net Current Assets -6.37
* Computed on the invested amount.
l Total Expense Ratio
(Weighted Average for the month)
Regular 0.22%
Direct 0.12%
Excluding Service Tax on Management Fees.
l BENCHMARK INDEX
Cumulative Performance
Crisil Liquid Fund Index Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Entry Load per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
Not Applicable. (`)# Benchmark
(%) ##
(`)##
l Exit Load
Dec 23, 16 Last 7 days 3,144.1648 0.13 0.13 0.08 10,013 10,013 10,008
Nil Dec 15, 16 Last 15 days 3,139.9225 0.26 0.25 0.17 10,026 10,025 10,017
l Plans Nov 30, 16 Last 1 Month 3,132.1866 0.51 0.48 0.19 10,051 10,048 10,019
Regular Plan, Direct Plan Dec 31, 15 Last 1 Year 2,926.1059 7.59 7.48 7.27 10,759 10,748 10,727
Dec 31, 14 Last 2 Years 2,700.5300 7.97 7.86 7.75 11,658 11,633 11,609
l Options Dec 31, 13 Last 3 Years 2,475.2000 8.35 8.31 8.02 12,719 12,705 12,603
Under both the Plans: Growth & Dividend Option. The Oct 17, 00 Since Inception 1,000.0000 7.33 N.A. 6.38 31,482 N.A. 27,266
Dividend Option offers Daily Dividend Option (Reinvestment
facility only) and Weekly and Monthly Dividend Option (with Discrete 12 month Returns (%)
Payout and Reinvestment facility). Period Scheme Benchmark Additional Benchmark
^ # ##
l Minimum Application Amount (Under each Plan / Option) Dec 31, 15 To Dec 30, 16 7.59 7.48 7.27
Purchase : Under Growth Option, Weekly Dividend Option and Dec 31, 14 To Dec 31, 15 8.35 8.23 8.22
Monthly Dividend Option: ` 5,000 and any amount thereafter.
Under Daily Dividend Option: ` 10,000 and any amount Dec 31, 13 To Dec 31, 14 9.10 9.21 8.56
thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Additional Purchase : Under Growth Option, Weekly Dividend Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill Index.
Option and Monthly Dividend Option: ` 1,000 and any Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
amount thereafter. Under Daily Dividend Option: ` 5,000 into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
and any amount thereafter. period. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 46.
l Redemption Proceeds This product is suitable for investors who are seeking ~ Riskometer
Normally despatched within 1 Business Day. l Income over short term.
For Tax Benefits / Consequences, Please refer to page 46 l Investment in debt and money market instruments.
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years).
^^Calculated on all calendar days.

Investors understand that their principal will be at low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 1,000, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 41
HDFC Cash Management Fund Savings Plan (An open-ended high liquidity income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate optimal returns while maintaining safety and
high liquidity. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager
T-bills, CD/CP, Credit Exposure Indiabulls Housing Finance Ltd. CRISIL - A1+ 3.66
Anil Bamboli (since July 25, 12)
Total Experience: Over 22 years Government Securities Sovereign 17.39 Indusind Bank Ltd. CRISIL - A1+ 3.62
l Inception Date (Date of Allotment) National Bank for Agriculture &
Rural Development CRISIL - A1+ 8.69 IDFC Bank Ltd. CRISIL - A1+ 3.59
November 18, 1999
Rural Electrification Total of Top Ten Holdings 61.99
l NAV^^ NAV per Unit (`) Corporation Ltd. CRISIL - AAA 6.94
Regular Plan - Growth Option 3,344.1707 Total T-bills, CD/CP, Credit Exposure 90.98
Regular Plan - Small Industries Development
Daily Dividend Reinvestment Option 1,063.6400 Bank of India CARE - A1+, AAA 6.16
Regular Plan - Weekly Dividend Option 1,063.2124 Cash, Cash Equivalents and Net Current Assets 9.02
Direct Plan - Growth Option 3,359.5364 Tata Motors Finance Ltd. ICRA - A1+ 4.56
Direct Plan - Daily Dividend Reinvestment Option 1,063.6400 Steel Authority of India Ltd. FITCH - A1+ 3.72 Grand Total 100.00
Direct Plan - Weekly Dividend Option 1,063.2359
Vedanta Ltd. CRISIL - A1+ 3.66 For complete portfolio, please visit www.hdfcfund.com
aSSETS UNDER MANAGEMENT (`) IN CRORE
As on January 31, 2017 8,166.69
Average for Month of January, 2017 7,077.82

l quantitative data Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Average Maturity * 42 days
Modified Duration * 40 days
Yield to Maturity * 6.48% Sovereign 17.39
T-bills 17.39 AAA/AAA(SO)/A1+/A1+(SO)
* Computed on the invested amount. CD/CP 61.32 & Equivalent 73.34
Credit Exposure 12.27 AA+ & Below 0.25
l Total Expense Ratio
(Weighted Average for the month) Cash, Cash Equivalents and Cash, Cash Equivalents and
Net Current Assets 9.02 Net Current Assets 9.02
Regular 0.32%
Direct 0.12%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL Liquid Fund Index

l Entry Load
Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Not Applicable. per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^$$ (%)# Returns
l Exit Load (`)# Benchmark
(%) ##
Nil (`)##
Dec 23, 16 Last 7 days 3,321.3938 0.13 0.13 0.08 10,013 10,013 10,008
l Plans Dec 15, 16 Last 15 days 3,317.0657 0.26 0.25 0.17 10,026 10,025 10,017
Regular Plan, Direct Plan Nov 30, 16 Last 1 Month 3,309.1078 0.50 0.48 0.19 10,050 10,048 10,019
l Options Dec 31, 15 Last 1 Year 3,094.2268 7.48 7.48 7.27 10,748 10,748 10,727
Dec 31, 14 Last 2 Years 2,857.8100 7.88 7.86 7.75 11,637 11,633 11,609
Each Plan offers Growth and Daily Dividend Option (with
Reinvestment facility only). Weekly Dividend Option (with Dec 31, 13 Last 3 Years 2,620.1700 8.27 8.31 8.02 12,693 12,705 12,603
Payout and Reinvestment facility). Nov 18, 99 Since Inception 1,000.0000 7.29 N.A. 6.49 33,371 N.A. 29,343
Discrete 12 month Returns (%)
l Minimum Application Amount (Under each Plan / Option) Period Scheme Benchmark Additional Benchmark
Purchase : Under Growth Option and Weekly Dividend Option ^$$ # ##
: ` 5,000 and any amount thereafter. Under Daily Dividend Dec 31, 15 To Dec 30, 16 7.48 7.48 7.27
Option : ` 10,000 and any amount thereafter
Dec 31, 14 To Dec 31, 15 8.27 8.23 8.22
Additional Purchase : Under Growth Option and Weekly
Dividend Option : ` 1,000 and any amount thereafter. Under Dec 31, 13 To Dec 31, 14 9.07 9.21 8.56
Daily Dividend Option : ` 5,000 and any amount thereafter ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index. $$ All
l Redemption Proceeds 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
Normally despatched within 1 Business Day. would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. @ shows the
current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available. For performance of other schemes
For Tax Benefits / Consequences, Please refer to page 46 managed by Anil Bamboli, please refer page 46.
Dedicated Fund Manager for Overseas Investments:
This product is suitable for investors who are seeking ~ Riskometer
Mr Rakesh Vyas (Total Experience - Over 12 years).
l Optimal returns over short term.
^^ Calculated on all calendar days.
l Investment in debt and money market instruments with
maturity of upto 91 days only.

Investors understand that their principal will be at low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: ` 1,000, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of January 31, 2017 unless otherwise specified.
42 January 2017 Intouch mutually
HDFC Cash Management Fund Treasury Advantage Plan (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investment in debt
securities and money market instruments. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager
Anupam Joshi (since October 27, 15) G-Sec, SDL, CD/CP, Credit Exposure Rural Electrification
Total Experience: Over 15 years Corporation Ltd. CRISIL - AAA 4.23
Power Finance Corporation Ltd. CRISIL - AAA 9.14
l Inception Date (Date of Allotment) Nirchem Cement Limited CRISIL - AA 2.79
November 18, 1999 ONGC Petro Additions Limited Petronet LNG Ltd. CRISIL - AA+ 2.71
(OPAL) CRISIL - AAA(SO) 6.91
l NAV NAV per Unit (`) Axis Bank Ltd. CRISIL - A1+, AA 2.47
Retail Option National Bank for Agriculture & Total of Top Ten Holdings 49.49
Regular Plan - Growth Option 34.0925 Rural Development CRISIL - A1+, AAA 6.41
Regular Plan - Daily Dividend Reinvestment Option 10.1428 Total G-Sec, SDL, CD/CP, Credit Exposure 96.94
Regular Plan - Weekly Dividend Option 10.1604 State Bank of India CRISIL - AA+, AAA 5.27
Regular Plan - Monthly Dividend Option 10.1424 Cash, Cash Equivalents and
Direct Plan - Growth Option 35.1125 Government Securities Sovereign 5.00 Net Current Assets 3.06
Direct Plan - Daily Dividend Reinvestment Option 10.0655
Direct Plan - Weekly Dividend Option 10.1901 Grand Total 100.00
Housing Development Finance
Direct Plan - Monthly Dividend Option 10.1451 Corporation Ltd. CRISIL - AAA 4.56 For complete portfolio, please visit www.hdfcfund.com
Wholesale Option
Regular Plan - Growth Option 35.7438 Co-sponsor
Regular Plan - Daily Dividend Reinvestment Option 10.1574
Regular Plan - Weekly Dividend Option 10.1620
Regular Plan - Monthly Dividend Option 10.1625
Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
aSSETS UNDER MANAGEMENT (`) IN CRORE
Sovereign 5.00
As on January 31, 2017 12,351.27
G-Sec, SDL 5.00 AAA/AAA(SO)/A1+/A1+(SO)
Average for Month of January, 2017 12,181.54
CD/CP 6.29 & Equivalent 49.53
Credit Exposure 85.65 AA+ & Below 42.23
l quantitative data
Cash, Cash Equivalents and Unrated 0.18
Average Maturity * 1.84 years
Modified Duration * 1.48 years Net Current Assets 3.06 Cash, Cash Equivalents and
Yield to Maturity * 7.47% Net Current Assets 3.06
* Computed on the invested amount.
l Total Expense Ratio
(Weighted Average for the month)
Regular 0.95%
Direct 0.25%
Excluding Service Tax on Management Fees.
Cumulative Performance
l BENCHMARK INDEX Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
CRISIL Liquid Fund Index per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
l Entry Load (`)# Benchmark
(%) ##
Not Applicable. (`)##
Dec 31, 15 Last 1 Year 31.1351 8.62 7.48 7.27 10,862 10,748 10,727
l Exit Load
Dec 31, 14 Last 2 Years 28.9181 8.14 7.86 7.75 11,694 11,633 11,609
Nil
Dec 31, 13 Last 3 Years 26.6762 8.23 8.31 8.02 12,677 12,705 12,603
l Plans
Nov 18, 99 Since Inception 10.0000 7.37 N.A. 6.49 33,818 N.A. 29,343
Regular Plan, Direct Plan
Discrete 12 month Returns (%)
l Options
Period Scheme Benchmark Additional Benchmark
Retail Option: Each Plan offers Growth and Dividend
^ # ##
Option. Dividend Option offers Daily Dividend Option with
Reinvestment facility only and Weekly and Monthly Dividend Dec 31, 15 To Dec 30, 16 8.62 7.48 7.27
Option with Payout and Reinvestment facility. Dec 31, 14 To Dec 31, 15 7.67 8.23 8.22

l Minimum Application Amount (Under each Plan / Option) Dec 31, 13 To Dec 31, 14 8.40 9.21 8.56
Retail Option : Growth, Weekly and Monthly Dividend Option: ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Purchase : ` 5,000 and any amount thereafter. Additional Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index.
Purchase : ` 1,000 and any amount thereafter. Daily Dividend Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
Option : Purchase : ` 10,000 and any amount thereafter. into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
Additional Purchase : ` 5,000 and any amount thereafter. period. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 46.

l Redemption Proceeds
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
l Regular income over short term.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments: l Investment in debt and money market instruments.
Mr Rakesh Vyas (Total Experience - Over 12 years).
^^ Calculated on all calendar days.

Investors understand that their principal will be at moderately low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 43
HDFC Corporate Debt Opportunities Fund (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income and capital appreciation by
investing predominantly in corporate debt. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager
Shobhit Mehrotra (since March 25, 14) CD/CP, Credit Exposure Tata Motors Finance Ltd. CRISIL - AA /
Total Experience: Over 22 years ICRA - A1+ 2.63
Vedanta Ltd. CRISIL - AA- 5.82
l Inception Date (Date of Allotment) Tata Realty and Infrastructure Ltd. CRISIL - AA 2.49
HPCL-Mittal Energy Limited FITCH - AA 4.92
March 25, 2014
Tata Power Co. Ltd. CRISIL - AA- 4.67 Nirchem Cement Limited CRISIL - AA 2.39
NAV NAV per Unit (`)
Regular Plan - Growth Option 13.4720 Rural Electrification CARE - AAA / Total of Top Ten Holdings 35.42
Regular Plan - Dividend Option 12.4047 Corporation Ltd. CRISIL - AAA 3.60
Regular Plan - Half-yearly Dividend Option 10.8542 Total CD/CP, Credit Exposure 94.20
Direct Plan - Growth Option 13.8149 Adani Transmission Limited FITCH - AA+ 3.07
Direct Plan - Dividend Option 12.1097 Cash, Cash Equivalents and Net Current Assets 5.80
Tata Steel Ltd. BRICKSWORKS -
Direct Plan - Half-yearly Dividend Option 10.8887
AA- / BRICKWORKS
aSSETS UNDER MANAGEMENT (`) IN CRORE - AA, AA- 3.00 Grand Total 100.00
As on January 31, 2017 10,491.07 Reliance Jio Infocomm Limited CRISIL - AAA 2.83 For complete portfolio, please visit www.hdfcfund.com
Average for Month of January, 2017 10,331.09
l quantitative data
Average Maturity * 3.59 years
Modified Duration * 2.80 years
Yield to Maturity * 8.59% Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
HDFC Corporate Debt Opportunities Fund
* Computed on the invested amount.
l Total Expense Ratio AAA/AAA(SO)/A1+/A1+(SO)
(Weighted Average for the month) CD/CP 4.07
Credit Exposure 90.13 & Equivalent 20.38
Regular 1.82% AA+ & Below 72.49
Direct 0.92% Cash, Cash Equivalents and
Net Current Assets 5.80 Unrated 1.33
Excluding Service Tax on Management Fees. Cash, Cash Equivalents and
l BENCHMARK INDEX Net Current Assets 5.80
Crisil Short Term Bond Fund Index
l Entry Load
Not Applicable.
l Exit Load
l In respect of each purchase / switch-in of Units, 15% of
the units (the limit) may be redeemed without any exit Cumulative Performance
Load from the date of allotment Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Any redemption in excess of the above limit shall be subject
to the following exit load: per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
n In respect of each purchase / switch-in of Units, an (`) (%)^ (%)# Returns
(`)# Benchmark
Exit Load of 2.00% is payable if Units are redeemed / (%) ##
(`)##
switched-out within 12 months from the date of
allotment Dec 31, 15 Last 1 Year 11.9850 10.96 9.83 14.97 11,096 10,983 11,497
n In respect of each purchase / switch-in of Units, an Dec 31, 14 Last 2 Year 10.9945 9.98 9.24 11.12 12,095 11,934 12,347
Exit Load of 1.00% is payable if Units are redeemed /
switched-out after 12 months but within 24 months Mar 25, 14 Since Inception 10.0000 10.84 9.59 12.28 13,298 12,888 13,781
from the date of allotment Discrete 12 month Returns (%)
n In respect of each purchase / switch-in of Units, an
Exit Load of 0.50% is payable if Units are redeemed / Period Scheme Benchmark Additional Benchmark
switched-out after 24 months but within 36 months ^ # ##
from the date of allotment. Dec 31, 15 To Dec 30, 16 10.96 9.83 14.97
l No Exit Load is payable if Units are redeemed / switchedout
after 36 months from the date of allotment. Dec 31, 14 To Dec 31, 15 9.01 8.66 7.39
For further details, please refer to para Exit Load on Pg 46. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## CRISIL 10 year Gilt Index.
l Plans Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
Regular Plan, Direct Plan into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
l Options period. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46.
Under Each Plan: Growth, Half Yearly Dividend and
Normal Dividend. Both Dividend options offers Payout and
Reinvestment facilities.

l Minimum Application Amount (Under each Plan / Option) This product is suitable for investors who are seeking ~ Riskometer
Purchase : ` 5,000 and any amount thereafter.
l Regular income over medium to long term.
Additional Purchase : ` 1,000 and any amount thereafter.
l To generate regular income and capital appreciation
l Redemption Proceeds by investing predominantly in corporate debt.
Normally despatched within 3-4 Business Days.
For Tax Benefits / Consequences, Please refer to page 46
Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience - Over 12 years).
Investors understand that their principal will be at moderate risk
~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
44 January 2017 Intouch mutually
HDFC Banking and PSU Debt Fund (An open-ended income scheme)
l investment objective Portfolio - Top 10 Holdings
To generate regular income through investments in debt
and money market instruments consisting predominantly of Issuer Rating % to Issuer Rating % to
securities issued by entities such as Scheduled Commercial NAV NAV
Banks and Public Sector undertakings. There is no assurance
G-Sec, SDL, CD/CP, Credit Exposure Bank of India BRICKWORKS - AA-
that the investment objective of the Scheme will be realized.
/ CRISIL - A+ 4.37
Power Finance Corporation Ltd. CRISIL - AAA 9.38
l Fund Manager Union Bank of India FITCH - AA 4.20
Anil Bamboli (since Mar 26, 14) Mahanagar Telephone CARE - AAA(SO) / National Bank for Agriculture &
Total Experience: Over 22 years Nigam Ltd. CRISIL - AAA(SO) 8.08 Rural Development CRISIL - AAA 3.93

l Inception Date (Date of Allotment) Syndicate Bank CARE - AA- 6.98 Total of Top Ten Holdings 60.53
March 26, 2014 Export - Import Bank of India CRISIL - AAA 6.98 Total G-Sec, SDL, CD/CP, Credit Exposure 94.06
NAV NAV per Unit (`) Food Corporation of India CRISIL - AAA(SO) 6.04 Cash, Cash Equivalents and
Regular Plan - Growth Option 13.1540 Net Current Assets 5.94
Power Grid Corporation of
Regular Plan - Dividend Option 10.2628 India Ltd. CRISIL - AAA 5.60
Direct Plan - Growth Option 13.2069 Grand Total 100.00
Direct Plan - Dividend Option 10.3085 Rural Electrification
Corporation Ltd. CRISIL - AAA 4.97 For complete portfolio, please visit www.hdfcfund.com
aSSETS UNDER MANAGEMENT (`) IN CRORE
As on January 31, 2017 3,235.93
Average for Month of January, 2017 3,178.33

l quantitative data Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Average Maturity * 4.81 years
Modified Duration * 3.39 years Sovereign 2.15
G-Sec, SDL 2.15
Yield to Maturity * 7.81%
CD/CP 2.27 AAA/AAA(SO)/A1+/A1+(SO)
* Computed on the invested amount. & Equivalent 59.68
Credit Exposure 89.64
l Total Expense Ratio AA+ & Below 32.23
Cash, Cash Equivalents and
(Weighted Average for the month) Net Current Assets 5.94 Cash, Cash Equivalents and
Regular 0.70% Net Current Assets 5.94
Direct 0.25%
Excluding Service Tax on Management Fees.

l BENCHMARK INDEX
CRISIL Short Term Bond Fund Index

l Entry Load
Cumulative Performance
Not Applicable.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Exit Load per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
Nil (`)# Benchmark
(%) ##
(`)##
l Plans
Dec 31, 15 Last 1 Year 11.7371 10.83 9.83 7.27 11,083 10,983 10,727
Regular Plan, Direct Plan Dec 31, 14 Last 2 Year 10.6939 10.29 9.24 7.75 12,164 11,934 11,609
l Options Mar 26, 14 Since Inception 10.0000 9.97 9.60 8.00 13,008 12,887 12,373
Under Each Plan: Growth & Dividend. The Dividend Option Discrete 12 month Returns (%)
offers Dividend Payout and Reinvestment facility. Period Scheme Benchmark Additional Benchmark
^ # ##
l Minimum Application Amount (Under each Plan / Option)
Dec 31, 15 To Dec 30, 16 10.83 9.83 7.27
Purchase : ` 5,000 and any amount thereafter.
Dec 31, 14 To Dec 31, 15 9.76 8.66 8.22
l Redemption Proceeds
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index.
Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
For Tax Benefits / Consequences, Please refer to page 46 into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
Dedicated Fund Manager for Overseas Investments: period. For performance of other schemes managed by Anil Bamboli, please refer page 46.
Mr Rakesh Vyas (Total Experience - Over 12 years).

This product is suitable for investors who are seeking ~ Riskometer


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.

Investors understand that their principal will be at moderately low risk


~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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 January 31, 2017 unless otherwise specified.
Intouch mutually January 2017 45
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 05
HDFC Top 200 Fund 06
HDFC Infrastructure Fund 15
HDFC Prudence Fund 21
HDFC MF Monthly Income Plan - LTP 28
2 Mr. Vinay Kulkarni HDFC Core & Satellite Fund 08
HDFC Premier Multi-Cap Fund 09
HDFC Large Cap Fund 10
HDFC TaxSaver 14
HDFC MF Monthly Income Plan - STP 27
HDFC Equity Savings Fund (Co-managed scheme) 29
Close ended schemes (Co-managed schemes) 66-67
3 Mr. Srinivas Rao Ravuri HDFC Growth Fund 04
HDFC Infrastructure Fund 15
Close ended schemes 47
4 Mr. Chirag Setalvad HDFC Capital Builder Fund 07
HDFC Mid-Cap Opportunities Fund 11
HDFC Small Cap Fund 12
HDFC Long Term Advantage Fund 13
HDFC Balanced Fund 20
HDFC Childrens Gift Fund - Investment Plan 22
HDFC Childrens Gift Fund - Savings Plan 23
HDFC Multiple Yield Fund - Plan 2005 30
HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 24
HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 25
HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 26
5 Mr. Miten Lathia HDFC Capital Builder Fund 07
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 67
6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund 16
HDFC Index Fund - Sensex Plan 17
HDFC Index Fund - NIFTY Plan 18
HDFC Index Fund - Sensex Plus Plan 19
HDFC Sensex ETF 66
HDFC NIFTY ETF 66
HDFC Gold Exchange Traded Fund 66
HDFC Gold Fund 66
HDFC Equity Savings Fund (Co-managed scheme) 29
7 Mr. Shobhit Mehrotra HDFC MF Monthly Income Plan - LTP 38
HDFC MF Monthly Income Plan - STP 27
HDFC Income Fund 31
HDFC High Interest Fund - STP 33
HDFC Floating Rate Income Fund - Long Term Plan 40
HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Option 39
HDFC Corporate Debt Opportunities Fund 44
HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 24
HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 25
HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 26
Close ended schemes 47-54
8 Mr. Anil Bamboli HDFC Equity Savings Fund (Co-managed scheme) 29
HDFC Multiple Yield Fund - Plan 2005 30
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 67
HDFC High Interest Fund - Dynamic Plan 32
HDFC Short Term Plan 34
HDFC Short Term Opportunities Fund 35
HDFC Gilt Fund - Short Term Plan 37
HDFC Gilt Fund - Long Term Plan 38
HDFC Cash Management Fund - Savings Plan 42
HDFC Cash Management Fund - Call Plan 54
HDFC Banking and PSU Debt Fund 45
Close ended & Interval schemes 54-65
Co-managed schemes 66-67
9 Mr. Anupam Joshi HDFC Liquid Fund 41
HDFC Medium Term Opportunities Fund 36
HDFC Cash Management Fund - Treasury Advantage Plan 43
For performance details of Direct Plan, refer page 68-95

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 sub-
ject 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 Incometax 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.

46 January 2017 Intouch mutually


SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)

SRINIVAS RAO RAVURI


HDFC RAJIV GANDHI EQUITY SAVINGS SCHEME - SERIES II NAV as on December 30, 2016 ` 14.406
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 13.199 9.14 3.57 1.95 10,914 10,357 10,195
Dec 31, 14 Last 2 Years 13.804 2.16 0.10 -1.60 10,436 10,021 9,683 Dec 31, 15 To Dec 30, 16 9.14 3.57 1.95
Mar 14, 14 Since Inception 10.000 13.93 9.73 7.39 14,406 12,968 12,208 Dec 31, 14 To Dec 31, 15 -4.38 -3.25 -5.03
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 100 ## S&P BSE SENSEX
HDFC FOCUSED EQUITY FUND - PLAN A NAV as on December 30, 2016 ` 10.100
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 9.473 6.62 3.57 1.95 10,662 10,357 10,195 ##
Feb 23, 15 Since Inception 10.000 0.54 -2.86 -4.46 10,100 9,478 9,189 Dec 31, 15 To Dec 30, 16 6.62 3.57 1.95
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 100 ## S&P BSE SENSEX
HDFC FOCUSED EQUITY FUND - PLAN B NAV as on December 30, 2016 ` 10.766
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 9.897 8.78 3.57 1.95 10,878 10,357 10,195 ##
May 06, 15 Since Inception 10.000 4.56 1.15 -0.21 10,766 10,191 9,966 Dec 31, 15 To Dec 30, 16 8.78 3.57 1.95
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 100 ## S&P BSE SENSEX

SHOBHIT MEHROTRA
HDFC FMP 538D NOVEMBER 2013 (1) NAV as on December 30, 2016 ` 12.9175
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.9363 8.22 9.83 7.27 10,822 10,983 10,727
Dec 31, 14 Last 2 Years 11.0266 8.24 9.24 7.75 11,715 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.22 9.83 7.27
Dec 31, 13 Last 3 Years 10.0827 8.61 9.65 8.02 12,812 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.25 8.66 8.22
Nov 28, 13 Since Inception 10.0000 8.64 9.64 8.00 12,918 13,289 12,685 Dec 31, 13 To Dec 31, 14 9.36 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 540D DECEMBER 2013 (1) NAV as on December 30, 2016 ` 12.8311
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.8892 7.92 9.83 7.27 10,792 10,983 10,727
Dec 31, 14 Last 2 Years 10.9972 8.02 9.24 7.75 11,668 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.92 9.83 7.27
Dec 31, 13 Last 3 Years 10.0525 8.48 9.65 8.02 12,764 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.11 8.66 8.22
Dec 10, 13 Since Inception 10.0000 8.49 9.65 7.99 12,831 13,255 12,648 Dec 31, 13 To Dec 31, 14 9.40 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 554D NOVEMBER 2013 (1) NAV as on December 30, 2016 ` 12.9609
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.9662 8.31 9.83 7.27 10,831 10,983 10,727
Dec 31, 14 Last 2 Years 11.0700 8.20 9.24 7.75 11,708 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.31 9.83 7.27
Dec 31, 13 Last 3 Years 10.1405 8.52 9.65 8.02 12,781 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.10 8.66 8.22
Nov 12, 13 Since Inception 10.0000 8.63 9.68 8.00 12,961 13,358 12,727 Dec 31, 13 To Dec 31, 14 9.17 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available

Intouch mutually January 2017 47


SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 572D OCTOBER 2013 (1) NAV as on December 30, 2016 ` 13.0337
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.0324 8.32 9.83 7.27 10,832 10,983 10,727
Dec 31, 14 Last 2 Years 11.1220 8.25 9.24 7.75 11,719 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.32 9.83 7.27
Dec 31, 13 Last 3 Years 10.1707 8.62 9.65 8.02 12,815 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.19 8.66 8.22
Oct 18, 13 Since Inception 10.0000 8.62 9.57 7.96 13,034 13,399 12,780 Dec 31, 13 To Dec 31, 14 9.35 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 923D NOVEMBER 2013 (1) NAV as on December 30, 2016 ` 12.9445
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.0258 7.64 9.83 7.27 10,764 10,983 10,727
Dec 31, 14 Last 2 Years 11.1460 7.77 9.24 7.75 11,614 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.64 9.83 7.27
Dec 31, 13 Last 3 Years 10.0940 8.64 9.65 8.02 12,824 13,183 12,603 Dec 31, 14 To Dec 31, 15 7.89 8.66 8.22
Nov 21, 13 Since Inception 10.0000 8.65 9.67 8.02 12,945 13,324 12,711 Dec 31, 13 To Dec 31, 14 10.42 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1919D JANUARY 2013 (1) NAV as on December 30, 2016 ` 14.1933
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.9846 9.31 12.93 7.27 10,931 11,293 10,727
Dec 31, 14 Last 2 Years 11.8952 9.23 10.76 7.75 11,932 12,268 11,609 Dec 31, 15 To Dec 30, 16 9.31 12.93 7.27
Dec 31, 13 Last 3 Years 10.5480 10.40 11.93 8.02 13,456 14,023 12,603 Dec 31, 14 To Dec 31, 15 9.16 8.63 8.22
Jan 08, 13 Since Inception 10.0000 9.20 9.71 7.44 14,193 14,457 13,302 Dec 31, 13 To Dec 31, 14 12.77 14.31 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 3360D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.2810
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5405 16.51 12.93 14.97 11,651 11,293 11,497 ##
Dec 31, 14 Last 2 Years 10.3118 9.13 10.76 11.12 11,910 12,268 12,347 Dec 31, 15 To Dec 30, 16 16.51 12.93 14.97
Mar 26, 14 Since Inception 10.0000 7.71 12.02 12.27 12,281 13,690 13,774 Dec 31, 14 To Dec 31, 15 2.22 8.63 7.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index

HDFC FMP 366D MARCH 2014 (2) NAV as on December 30, 2016 ` 12.5852
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.6064 8.43 9.83 7.27 10,843 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7068 8.42 9.24 7.75 11,754 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.43 9.83 7.27
Mar 26, 14 Since Inception 10.0000 8.66 9.60 8.00 12,585 12,887 12,373 Dec 31, 14 To Dec 31, 15 8.40 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 377D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.5261
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Bttenchmark
Dec 31, 15 Last 1 Year 11.5454 8.49 9.83 7.27 10,849 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6866 8.27 9.24 7.75 11,721 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.49 9.83 7.27
Mar 27, 14 Since Inception 10.0000 8.49 9.60 8.00 12,526 12,884 12,370 Dec 31, 14 To Dec 31, 15 8.04 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
48 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 366D MAY 2014 (2) NAV as on December 30, 2016 ` 12.4015
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4194 8.60 9.83 7.27 10,860 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5121 8.62 9.24 7.75 11,797 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.60 9.83 7.27
Jun 03, 14 Since Inception 10.0000 8.71 9.45 7.89 12,402 12,621 12,163 Dec 31, 14 To Dec 31, 15 8.63 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D JUNE 2014 (1) NAV as on December 30, 2016 ` 12.3872
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4072 8.59 9.83 7.27 10,859 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5006 8.61 9.24 7.75 11,797 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.59 9.83 7.27
Jun 05, 14 Since Inception 10.0000 8.68 9.41 7.88 12,387 12,602 12,156 Dec 31, 14 To Dec 31, 15 8.63 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D JUNE 2014 (2) NAV as on December 30, 2016 ` 12.3589
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3813 8.59 9.83 7.27 10,859 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.4578 8.71 9.24 7.75 11,818 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.59 9.83 7.27
Jun 25, 14 Since Inception 10.0000 8.78 9.49 7.93 12,359 12,564 12,119 Dec 31, 14 To Dec 31, 15 8.83 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 371D JUNE 2014 (1) NAV as on December 30, 2016 ` 12.3705
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4002 8.51 9.83 7.27 10,851 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.4869 8.61 9.24 7.75 11,796 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.51 9.83 7.27
Jun 11, 14 Since Inception 10.0000 8.68 9.41 7.89 12,371 12,585 12,143 Dec 31, 14 To Dec 31, 15 8.71 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 371D JUNE 2014 (2) NAV as on December 30, 2016 ` 12.3689
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3928 8.57 9.83 7.27 10,857 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.4746 8.67 9.24 7.75 11,808 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.57 9.83 7.27
Jun 18, 14 Since Inception 10.0000 8.74 9.46 7.92 12,369 12,576 12,133 Dec 31, 14 To Dec 31, 15 8.77 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 747D JUNE 2014 (1) NAV as on December 30, 2016 ` 12.3406
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4067 8.19 9.83 7.27 10,819 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5239 8.29 9.24 7.75 11,726 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.19 9.83 7.27
Jun 12, 14 Since Inception 10.0000 8.59 9.42 7.89 12,341 12,583 12,141 Dec 31, 14 To Dec 31, 15 8.39 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 49
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 371D JUNE 2014 (3) NAV as on December 30, 2016 ` 12.3220
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3342 8.72 9.83 7.27 10,872 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.4379 8.65 9.24 7.75 11,805 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.72 9.83 7.27
Jul 02, 14 Since Inception 10.0000 8.72 9.46 7.91 12,322 12,535 12,094 Dec 31, 14 To Dec 31, 15 8.59 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 750D JUNE 2014 (1) NAV as on December 30, 2016 ` 12.2609
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3510 8.02 9.83 7.27 10,802 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.4848 8.14 9.24 7.75 11,694 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.02 9.83 7.27
Jul 09, 14 Since Inception 10.0000 8.57 9.48 7.92 12,261 12,518 12,080 Dec 31, 14 To Dec 31, 15 8.26 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1123D JULY 2014 (1) NAV as on December 30, 2016 ` 12.3955
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4200 8.54 12.93 7.27 10,854 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.4880 8.71 10.76 7.75 11,819 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.54 12.93 7.27
Aug 05, 14 Since Inception 10.0000 9.34 11.91 7.94 12,396 13,108 12,018 Dec 31, 14 To Dec 31, 15 8.89 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1116D JULY 2014 (1) NAV as on December 30, 2016 ` 12.3691
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3969 8.53 12.93 7.27 10,853 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.4683 8.70 10.76 7.75 11,816 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.53 12.93 7.27
Aug 12, 14 Since Inception 10.0000 9.32 11.99 7.94 12,369 13,101 12,001 Dec 31, 14 To Dec 31, 15 8.87 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1184D JANUARY 2015 (1) NAV as on December 30, 2016 ` 12.1628
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.9208 11.37 12.93 7.27 11,137 11,293 10,727 ##
Jan 29, 15 Since Inception 10.0000 10.73 10.27 7.66 12,163 12,065 11,522 Dec 31, 15 To Dec 30, 16 11.37 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1157D FEBRUARY 2015 (1) NAV as on December 30, 2016 ` 11.7147
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.7178 9.30 12.93 7.27 10,930 11,293 10,727 ##
Feb 25, 15 Since Inception 10.0000 8.95 10.46 7.72 11,715 12,016 11,473 Dec 31, 15 To Dec 30, 16 9.30 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
50 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 1135D MARCH 2015 (1) NAV as on December 30, 2016 ` 11.6495
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.6578 9.30 12.93 7.27 10,930 11,293 10,727 ##
Mar 19, 15 Since Inception 10.0000 8.92 10.65 7.69 11,650 11,981 11,415 Dec 31, 15 To Dec 30, 16 9.30 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1128D MARCH 2015 (1) NAV as on December 30, 2016 ` 11.6108
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark
Scheme (`) Benchmark Additional
B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.6344 9.18 12.93 7.27 10,918 11,293 10,727 ##
Mar 26, 15 Since Inception 10.0000 8.82 10.77 7.65 11,611 11,981 11,391 Dec 31, 15 To Dec 30, 16 9.18 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 369D APRIL 2014 (1) NAV as on December 30, 2016 ` 12.5455
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5646 8.48 9.83 7.27 10,848 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6884 8.34 9.24 7.75 11,737 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.48 9.83 7.27
Apr 04, 14 Since Inception 10.0000 8.62 9.62 8.03 12,546 12,863 12,360 Dec 31, 14 To Dec 31, 15 8.20 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D APRIL 2014 (1) NAV as on December 30, 2016 ` 12.5225
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5419 8.50 9.83 7.27 10,850 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6773 8.30 9.24 7.75 11,728 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.50 9.83 7.27
Apr 10, 14 Since Inception 10.0000 8.60 9.62 8.04 12,523 12,846 12,346 Dec 31, 14 To Dec 31, 15 8.10 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1100D APRIL 2014 (1) NAV as on December 30, 2016 ` 12.6358
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6747 8.23 12.93 7.27 10,823 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.7516 8.41 10.76 7.75 11,752 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.23 12.93 7.27
Apr 22, 14 Since Inception 10.0000 9.08 12.07 8.03 12,636 13,591 12,311 Dec 31, 14 To Dec 31, 15 8.59 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D APRIL 2014 (2) NAV as on December 30, 2016 ` 12.5136
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5408 8.43 9.83 7.27 10,843 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6604 8.34 9.24 7.75 11,738 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.43 9.83 7.27
Apr 16, 14 Since Inception 10.0000 8.63 9.61 8.04 12,514 12,822 12,330 Dec 31, 14 To Dec 31, 15 8.26 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 51
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 369D APRIL 2014 (2) NAV as on December 30, 2016 ` 12.4899
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5218 8.40 9.83 7.27 10,840 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6499 8.29 9.24 7.75 11,728 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.40 9.83 7.27
Apr 17, 14 Since Inception 10.0000 8.56 9.59 8.04 12,490 12,814 12,327 Dec 31, 14 To Dec 31, 15 8.19 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D APRIL 2014 (3) NAV as on December 30, 2016 ` 12.5046
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5393 8.37 9.83 7.27 10,837 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6414 8.40 9.24 7.75 11,751 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.37 9.83 7.27
Apr 23, 14 Since Inception 10.0000 8.66 9.59 8.02 12,505 12,794 12,307 Dec 31, 14 To Dec 31, 15 8.44 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 367D APRIL 2014 (1) NAV as on December 30, 2016 ` 12.4981
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5253 8.44 9.83 7.27 10,844 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6206 8.48 9.24 7.75 11,768 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.44 9.83 7.27
Apr 29, 14 Since Inception 10.0000 8.70 9.59 8.03 12,498 12,774 12,293 Dec 31, 14 To Dec 31, 15 8.52 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D APRIL 2014 (4) NAV as on December 30, 2016 ` 12.5010
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5384 8.34 9.83 7.27 10,834 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6253 8.47 9.24 7.75 11,765 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.34 9.83 7.27
Apr 30, 14 Since Inception 10.0000 8.72 9.59 8.02 12,501 12,770 12,288 Dec 31, 14 To Dec 31, 15 8.59 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 730D APRIL 2014 (1) NAV as on December 30, 2016 ` 12.4091
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5042 7.87 9.83 7.27 10,787 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6289 8.05 9.24 7.75 11,675 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.87 9.83 7.27
May 13, 14 Since Inception 10.0000 8.53 9.53 7.99 12,409 12,710 12,246 Dec 31, 14 To Dec 31, 15 8.24 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 367D MAY 2014 (1) NAV as on December 30, 2016 ` 12.4893
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5156 8.46 9.83 7.27 10,846 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6069 8.51 9.24 7.75 11,775 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.46 9.83 7.27
May 06, 14 Since Inception 10.0000 8.73 9.56 8.00 12,489 12,744 12,266 Dec 31, 14 To Dec 31, 15 8.57 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
52 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 370D MAY 2014 (1) NAV as on December 30, 2016 ` 12.4621
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5063 8.31 9.83 7.27 10,831 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5924 8.47 9.24 7.75 11,765 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.31 9.83 7.27
May 09, 14 Since Inception 10.0000 8.67 9.54 7.98 12,462 12,729 12,253 Dec 31, 14 To Dec 31, 15 8.63 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 367D MAY 2014 (2) NAV as on December 30, 2016 ` 12.4566
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5022 8.30 9.83 7.27 10,830 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5833 8.49 9.24 7.75 11,770 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.30 9.83 7.27
May 13, 14 Since Inception 10.0000 8.69 9.53 7.99 12,457 12,710 12,246 Dec 31, 14 To Dec 31, 15 8.68 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 366D MAY 2014 (1) NAV as on December 30, 2016 ` 12.4234
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4616 8.39 9.83 7.27 10,839 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5539 8.50 9.24 7.75 11,771 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.39 9.83 7.27
May 20, 14 Since Inception 10.0000 8.65 9.51 7.98 12,423 12,684 12,224 Dec 31, 14 To Dec 31, 15 8.60 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D MAY 2014 (2) NAV as on December 30, 2016 ` 12.4016
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4466 8.34 9.83 7.27 10,834 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5408 8.47 9.24 7.75 11,765 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.34 9.83 7.27
May 22, 14 Since Inception 10.0000 8.59 9.49 7.95 12,402 12,671 12,210 Dec 31, 14 To Dec 31, 15 8.59 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 371D MAY 2014 (1) NAV as on December 30, 2016 ` 12.4232
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4391 8.60 9.83 7.27 10,860 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.5350 8.59 9.24 7.75 11,792 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.60 9.83 7.27
May 28, 14 Since Inception 10.0000 8.72 9.48 7.93 12,423 12,648 12,190 Dec 31, 14 To Dec 31, 15 8.58 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1115D March 2015 (1) NAV as on December 30, 2016 ` 11.4989
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5381 9.12 12.93 7.27 10,912 11,293 10,727 ##
Apr 08, 15 Since Inception 10.0000 8.40 10.75 7.62 11,499 11,934 11,356 Dec 31, 15 To Dec 30, 16 9.12 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 53
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 1106D May 2015 (1) NAV as on December 30, 2016 ` 11.4684
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4898 9.33 12.93 7.27 10,933 11,293 10,727 ##
May 20, 15 Since Inception 10.0000 8.85 11.17 7.61 11,468 11,867 11,258 Dec 31, 15 To Dec 30, 16 9.33 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1127D May 2015 (1) NAV as on December 30, 2016 ` 11.4913
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4210 10.27 12.93 7.27 11,027 11,293 10,727 ##
Jun 10, 15 Since Inception 10.0000 9.33 11.75 7.53 11,491 11,891 11,199 Dec 31, 15 To Dec 30, 16 10.27 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1112D June 2015 (1) NAV as on December 30, 2016 ` 11.4045
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4296 9.35 12.93 7.27 10,935 11,293 10,727 ##
Jul 02, 15 Since Inception 10.0000 9.17 11.80 7.48 11,405 11,820 11,142 Dec 31, 15 To Dec 30, 16 9.35 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1105D December 2015 (1) NAV as on December 30, 2016 ` 10.9219
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0109 9.10 12.93 7.27 10,910 11,293 10,727 ##
Dec 30, 15 Since Inception 10.0000 9.19 12.90 7.23 10,922 11,294 10,725 Dec 31, 15 To Dec 30, 16 9.10 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
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.

ANIL BAMBOLI
HDFC CASH MANAGEMENT FUND - CALL PLAN NAV as on December 30, 2016 ` 2,464.6377
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per UnitReturns Returns Benchmark
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
(`)##
B. Discrete 12 month Returns (%)
Dec 23, 16 Last 7 days 2,461.8523 0.11 0.13 0.08 10,011 10,013 10,008
Dec 15, 16 Last 15 days 2,458.6729 0.24 0.25 0.17 10,024 10,025 10,017 Period Scheme Benchmark Additional
^ # Benchmark
Nov 30, 16 Last 1 Month 2,452.8446 0.48 0.48 0.19 10,048 10,048 10,019
##
Dec 31, 15 Last 1 Year 2,316.1874 6.41 7.48 7.27 10,641 10,748 10,727
Dec 31, 14 Last 2 Year 2,158.7600 6.85 7.86 7.75 11,417 11,633 11,609 Dec 31, 15 To Dec 30, 16 6.41 7.48 7.27
Dec 31, 13 Last 3 Years 1,995.9000 7.28 8.31 8.02 12,349 12,705 12,603 Dec 31, 14 To Dec 31, 15 7.29 8.23 8.22
Feb 06, 02 Since Inception 1,000.0000 6.24 N.A. 5.98 24,646 N.A. 23,769 Dec 31, 13 To Dec 31, 14 8.16 9.21 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index.
HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A NAV as on December 30, 2016 ` 13.8510
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.8235 8.01 9.83 7.27 10,801 10,983 10,727
Dec 31, 14 Last 2 Years 11.7948 8.37 9.24 7.75 11,743 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.01 9.83 7.27
Dec 31, 13 Last 3 Years 10.7614 8.78 9.65 8.02 12,871 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.72 8.66 8.22
Mar 06, 13 Since Inception 10.0000 8.90 9.38 7.43 13,851 14,087 13,151 Dec 31, 13 To Dec 31, 14 9.60 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
54 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN B NAV as on December 30, 2016 ` 13.7542
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7460 7.91 9.83 7.27 10,791 10,983 10,727
Dec 31, 14 Last 2 Years 11.7250 8.31 9.24 7.75 11,731 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.91 9.83 7.27
Dec 31, 13 Last 3 Years 10.7164 8.67 9.65 8.02 12,835 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.71 8.66 8.22
Mar 14, 13 Since Inception 10.0000 8.75 9.35 7.42 13,754 14,045 13,128 Dec 31, 13 To Dec 31, 14 9.41 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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.

HDFC DEBT FUND FOR CANCER CURE - 2014 NAV as on December 30, 2016 ` 10.2528
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 10.3595 7.01 9.83 7.27 10,701 10,983 10,727
Dec 31, 14 Last 2 Years 10.4198 7.61 9.24 7.75 11,581 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.01 9.83 7.27
Mar 18, 14 Since Inception 10.0000 8.86 9.64 8.03 12,670 12,927 12,404 Dec 31, 14 To Dec 31, 15 8.22 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short-Term Bond Fund Index ## Crisil 1 year T-Bill Index.
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. Returns of HDFC Debt Fund For Cancer Cure - 2014 are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested
in the units of the scheme at the then prevailing NAV (ex-dividend NAV).

HDFC FMP 370D JULY 2013 (3) NAV as on December 30, 2016 ` 13.4609
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4641 8.00 9.83 7.27 10,800 10,983 10,727
Dec 31, 14 Last 2 Years 11.4830 8.27 9.24 7.75 11,722 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.00 9.83 7.27
Dec 31, 13 Last 3 Years 10.4269 8.89 9.65 8.02 12,910 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.54 8.66 8.22
Jul 31, 13 Since Inception 10.0000 9.08 9.85 8.10 13,461 13,789 13,052 Dec 31, 13 To Dec 31, 14 10.13 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D AUGUST 2013 (1) NAV as on December 30, 2016 ` 13.4605
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4389 8.21 9.83 7.27 10,821 10,983 10,727
Dec 31, 14 Last 2 Years 11.4589 8.38 9.24 7.75 11,747 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.21 9.83 7.27
Dec 31, 13 Last 3 Years 10.4144 8.93 9.65 8.02 12,925 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.55 8.66 8.22
Aug 08, 13 Since Inception 10.0000 9.14 9.79 8.05 13,461 13,735 13,010 Dec 31, 13 To Dec 31, 14 10.03 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D AUGUST 2013 (2) NAV as on December 30, 2016 ` 13.5047
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4764 8.24 9.83 7.27 10,824 10,983 10,727
Dec 31, 14 Last 2 Years 11.4832 8.45 9.24 7.75 11,760 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.24 9.83 7.27
Dec 31, 13 Last 3 Years 10.4437 8.95 9.65 8.02 12,931 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.65 8.66 8.22
Aug 14, 13 Since Inception 10.0000 9.29 9.91 8.17 13,505 13,764 13,043 Dec 31, 13 To Dec 31, 14 9.95 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 55
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 370D AUGUST 2013 (3) NAV as on December 30, 2016 ` 13.4763
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
B. Discrete 12 month Returns (%)
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4661 8.10 9.83 7.27 10,810 10,983 10,727
Dec 31, 14 Last 2 Years 11.4777 8.36 9.24 7.75 11,741 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.10 9.83 7.27
Dec 31, 13 Last 3 Years 10.4236 8.94 9.65 8.02 12,929 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.61 8.66 8.22
Aug 22, 13 Since Inception 10.0000 9.29 9.95 8.09 13,476 13,753 12,987 Dec 31, 13 To Dec 31, 14 10.11 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 370D AUGUST 2013 (4) NAV as on December 30, 2016 ` 13.4483
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4642 7.90 9.83 7.27 10,790 10,983 10,727
Dec 31, 14 Last 2 Years 11.4741 8.26 9.24 7.75 11,721 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.90 9.83 7.27
Dec 31, 13 Last 3 Years 10.4353 8.82 9.65 8.02 12,887 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.63 8.66 8.22
Aug 29, 13 Since Inception 10.0000 9.28 10.09 8.16 13,448 13,785 12,994 Dec 31, 13 To Dec 31, 14 9.95 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 370D SEPTEMBER 2013 (1) NAV as on December 30, 2016 ` 13.4026
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
B. Discrete 12 month Returns (%)
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4276 7.85 9.83 7.27 10,785 10,983 10,727
Dec 31, 14 Last 2 Years 11.4388 8.24 9.24 7.75 11,717 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.85 9.83 7.27
Dec 31, 13 Last 3 Years 10.3920 8.85 9.65 8.02 12,897 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.64 8.66 8.22
Sep 05, 13 Since Inception 10.0000 9.22 9.80 8.06 13,403 13,641 12,934 Dec 31, 13 To Dec 31, 14 10.07 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 370D SEPTEMBER 2013 (2) NAV as on December 30, 2016 ` 13.3452
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.3860 7.74 9.83 7.27 10,774 10,983 10,727
Dec 31, 14 Last 2 Years 11.4036 8.18 9.24 7.75 11,703 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.74 9.83 7.27
Dec 31, 13 Last 3 Years 10.3543 8.83 9.65 8.02 12,889 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.61 8.66 8.22
Sep 13, 13 Since Inception 10.0000 9.14 9.81 8.05 13,345 13,617 12,911 Dec 31, 13 To Dec 31, 14 10.13 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 371D JULY 2013 (1) NAV as on December 30, 2016 ` 13.4318
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)#i Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4243 8.11 9.83 7.27 10,811 10,983 10,727
Dec 31, 14 Last 2 Years 11.4485 8.32 9.24 7.75 11,732 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.11 9.83 7.27
Dec 31, 13 Last 3 Years 10.4548 8.71 9.65 8.02 12,847 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.52 8.66 8.22
Jul 24, 13 Since Inception 10.0000 8.96 9.87 8.09 13,432 13,820 13,065 Dec 31, 13 To Dec 31, 14 9.50 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 371D AUGUST 2013 (1) NAV as on December 30, 2016 ` 13.4005
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.3911 8.15 9.83 7.27 10,815 10,983 10,727
Dec 31, 14 Last 2 Years 11.4303 8.28 9.24 7.75 11,724 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.15 9.83 7.27
Dec 31, 13 Last 3 Years 10.4189 8.75 9.65 8.02 12,862 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.41 8.66 8.22
Aug 07, 13 Since Inception 10.0000 8.99 9.81 8.05 13,401 13,745 13,013 Dec 31, 13 To Dec 31, 14 9.71 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
56 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 504D DECEMBER 2013 (1) NAV as on December 30, 2016 ` 12.8402
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.8588 8.28 9.83 7.27 10,828 10,983 10,727
Dec 31, 14 Last 2 Years 10.9546 8.26 9.24 7.75 11,721 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.28 9.83 7.27
Dec 31, 13 Last 3 Years 10.0005 8.69 9.65 8.02 12,840 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.25 8.66 8.22
Dec 27, 13 Since Inception 10.0000 8.66 9.65 8.01 12,840 13,198 12,610 Dec 31, 13 To Dec 31, 14 9.54 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 531D DECEMBER 2013 (1) NAV as on December 30, 2016 ` 12.8162
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.8819 7.86 9.83 7.27 10,786 10,983 10,727
Dec 31, 14 Last 2 Years 10.9641 8.12 9.24 7.75 11,689 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.86 9.83 7.27
Dec 31, 13 Last 3 Years 10.0178 8.56 9.65 8.02 12,793 13,183 12,603 Dec 31, 14 To Dec 31, 15 8.37 8.66 8.22
Dec 20, 13 Since Inception 10.0000 8.53 9.64 7.99 12,816 13,215 12,622 Dec 31, 13 To Dec 31, 14 9.45 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1143D JULY 2013 (1) NAV as on December 30, 2016 ` 13.5073
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.5176 7.91 12.93 7.27 10,791 11,293 10,727
Dec 31, 14 Last 2 Years 11.5679 8.06 10.76 7.75 11,677 12,268 11,609 Dec 31, 15 To Dec 30, 16 7.91 12.93 7.27
Dec 31, 13 Last 3 Years 10.4276 9.01 11.93 8.02 12,953 14,023 12,603 Dec 31, 14 To Dec 31, 15 8.21 8.63 8.22
Aug 06, 13 Since Inception 10.0000 9.24 11.17 8.05 13,507 14,340 13,016 Dec 31, 13 To Dec 31, 14 10.94 14.31 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1846D AUGUST 2013 (1) NAV as on December 30, 2016 ` 13.8030
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7119 8.58 12.93 7.27 10,858 11,293 10,727
Dec 31, 14 Last 2 Years 11.7257 8.50 10.76 7.75 11,772 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.58 12.93 7.27
Dec 31, 13 Last 3 Years 10.4768 9.63 11.93 8.02 13,175 14,023 12,603 Dec 31, 14 To Dec 31, 15 8.41 8.63 8.22
Aug 14, 13 Since Inception 10.0000 10.00 11.68 8.17 13,803 14,528 13,043 Dec 31, 13 To Dec 31, 14 11.92 14.31 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1875D AUGUST 2013 (1) NAV as on December 30, 2016 ` 13.9121
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7227 9.35 12.93 7.27 10,935 11,293 10,727
Dec 31, 14 Last 2 Years 11.6605 9.23 10.76 7.75 11,931 12,268 11,609 Dec 31, 15 To Dec 30, 16 9.35 12.93 7.27
Dec 31, 13 Last 3 Years 10.3752 10.27 11.93 8.02 13,409 14,023 12,603 Dec 31, 14 To Dec 31, 15 9.11 8.63 8.22
Sep 04, 13 Since Inception 10.0000 10.45 11.52 8.06 13,912 14,368 12,937 Dec 31, 13 To Dec 31, 14 12.39 14.31 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 1095D MARCH 2014 (1) NAV as on December 30, 2016 ` 13.0187
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.9514 8.93 9.83 7.27 10,893 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8611 9.48 9.24 7.75 11,987 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.93 9.83 7.27
Mar 26, 14 Since Inception 10.0000 10.00 9.60 8.00 13,019 12,887 12,373 Dec 31, 14 To Dec 31, 15 10.04 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available

Intouch mutually January 2017 57


SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 1127D MARCH 2014 (1) NAV as on December 30, 2016 ` 13.2078
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.1715 8.51 12.93 7.27 10,851 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.9699 9.73 10.76 7.75 12,040 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.51 12.93 7.27
Mar 25, 14 Since Inception 10.0000 10.57 12.03 8.00 13,208 13,698 12,377 Dec 31, 14 To Dec 31, 15 10.95 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1175D JANUARY 2014 (1) NAV as on December 30, 2016 ` 13.4197
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.3738 8.45 12.93 7.27 10,845 11,293 10,727 ##
Dec 31, 14 Last 2 Years 11.1734 9.59 10.76 7.75 12,010 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.45 12.93 7.27
Feb 05, 14 Since Inception 10.0000 10.67 11.93 8.06 13,420 13,867 12,523 Dec 31, 14 To Dec 31, 15 10.74 8.63 8.22
^Past performance may or may not be sustained in the future. Returns gre ater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 366D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.6286
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6699 8.22 9.83 7.27 10,822 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7479 8.40 9.24 7.75 11,750 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.22 9.83 7.27
Mar 19, 14 Since Inception 10.0000 8.74 9.63 8.01 12,629 12,921 12,395 Dec 31, 14 To Dec 31, 15 8.58 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 369D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7798
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8050 8.26 9.83 7.27 10,826 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8682 8.44 9.24 7.75 11,759 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.26 9.83 7.27
Feb 07, 14 Since Inception 10.0000 8.84 9.67 8.06 12,780 13,065 12,515 Dec 31, 14 To Dec 31, 15 8.62 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 369D FEBRUARY 2014 (2) NAV as on December 30, 2016 ` 12.7697
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7639 8.55 9.83 7.27 10,855 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8441 8.52 9.24 7.75 11,776 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.55 9.83 7.27
Feb 21, 14 Since Inception 10.0000 8.93 9.72 8.03 12,770 13,034 12,471 Dec 31, 14 To Dec 31, 15 8.48 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 369D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.7403
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8170 7.81 9.83 7.27 10,781 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8989 8.12 9.24 7.75 11,690 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.81 9.83 7.27
Jan 16, 14 Since Inception 10.0000 8.54 9.61 7.92 12,740 13,116 12,527 Dec 31, 14 To Dec 31, 15 8.42 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
58 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 369D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.7008
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7231 8.34 9.83 7.27 10,834 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8020 8.43 9.24 7.75 11,758 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.34 9.83 7.27
Mar 07, 14 Since Inception 10.0000 8.85 9.69 8.05 12,701 12,979 12,441 Dec 31, 14 To Dec 31, 15 8.53 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 369D MARCH 2014 (2) NAV as on December 30, 2016 ` 12.6612
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6908 8.30 9.83 7.27 10,830 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7733 8.41 9.24 7.75 11,752 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.30 9.83 7.27
Mar 13, 14 Since Inception 10.0000 8.78 9.65 8.04 12,661 12,947 12,421 Dec 31, 14 To Dec 31, 15 8.52 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 369D MARCH 2014 (3) NAV as on December 30, 2016 ` 12.6181
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6465 8.34 9.83 7.27 10,834 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7307 8.44 9.24 7.75 11,759 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.34 9.83 7.27
Mar 21, 14 Since Inception 10.0000 8.72 9.61 8.00 12,618 12,905 12,387 Dec 31, 14 To Dec 31, 15 8.53 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7786
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7919 8.37 9.83 7.27 10,837 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8583 8.48 9.24 7.75 11,769 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.37 9.83 7.27
Feb 14, 14 Since Inception 10.0000 8.90 9.71 8.07 12,779 13,056 12,502 Dec 31, 14 To Dec 31, 15 8.60 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.7308
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7922 7.96 9.83 7.27 10,796 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8802 8.17 9.24 7.75 11,701 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.96 9.83 7.27
Jan 24, 14 Since Inception 10.0000 8.58 9.63 7.98 12,731 13,096 12,525 Dec 31, 14 To Dec 31, 15 8.38 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 370D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.7262
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7411 8.39 9.83 7.27 10,839 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8222 8.44 9.24 7.75 11,759 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.39 9.83 7.27
Mar 05, 14 Since Inception 10.0000 8.91 9.71 8.06 12,726 12,993 12,449 Dec 31, 14 To Dec 31, 15 8.49 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 59
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 371D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7800
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7971 8.33 9.83 7.27 10,833 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8637 8.46 9.24 7.75 11,764 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.33 9.83 7.27
Feb 12, 14 Since Inception 10.0000 8.88 9.70 8.08 12,780 13,057 12,509 Dec 31, 14 To Dec 31, 15 8.59 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 371D FEBRUARY 2014 (2) NAV as on December 30, 2016 ` 12.7269
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7429 8.38 9.83 7.27 10,838 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8327 8.39 9.24 7.75 11,749 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.38 9.83 7.27
Feb 26, 14 Since Inception 10.0000 8.85 9.73 8.05 12,727 13,021 12,464 Dec 31, 14 To Dec 31, 15 8.40 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 371D JANUARY 2014 (2) NAV as on December 30, 2016 ` 12.7754
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8194 8.09 9.83 7.27 10,809 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8889 8.32 9.24 7.75 11,732 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.09 9.83 7.27
Jan 29, 14 Since Inception 10.0000 8.75 9.67 8.03 12,775 13,094 12,532 Dec 31, 14 To Dec 31, 15 8.55 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 372D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.8044
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8168 8.36 9.83 7.27 10,836 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8768 8.50 9.24 7.75 11,772 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.36 9.83 7.27
Feb 04, 14 Since Inception 10.0000 8.88 9.67 8.05 12,804 13,076 12,523 Dec 31, 14 To Dec 31, 15 8.64 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 372D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.7358
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7895 8.03 9.83 7.27 10,803 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8834 8.18 9.24 7.75 11,702 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.03 9.83 7.27
Jan 21, 14 Since Inception 10.0000 8.57 9.59 7.88 12,736 13,094 12,502 Dec 31, 14 To Dec 31, 15 8.33 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 378D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.5445
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Bencihmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5499 8.61 9.83 7.27 10,861 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.6875 8.34 9.24 7.75 11,738 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.61 9.83 7.27
Mar 26, 14 Since Inception 10.0000 8.54 9.60 8.00 12,545 12,887 12,373 Dec 31, 14 To Dec 31, 15 8.07 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
60 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 384D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.5653
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5821 8.49 9.83 7.27 10,849 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7228 8.25 9.24 7.75 11,718 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.49 9.83 7.27
Mar 20, 14 Since Inception 10.0000 8.55 9.63 8.01 12,565 12,915 12,393 Dec 31, 14 To Dec 31, 15 8.01 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 390D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.5971
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6114 8.49 9.83 7.27 10,849 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7417 8.29 9.24 7.75 11,727 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.49 9.83 7.27
Mar 14, 14 Since Inception 10.0000 8.60 9.65 8.03 12,597 12,943 12,414 Dec 31, 14 To Dec 31, 15 8.10 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 400D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.6147
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6282 8.48 9.83 7.27 10,848 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7591 8.28 9.24 7.75 11,725 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.48 9.83 7.27
Mar 11, 14 Since Inception 10.0000 8.62 9.66 8.05 12,615 12,955 12,429 Dec 31, 14 To Dec 31, 15 8.08 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 434D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7111
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7258 8.40 9.83 7.27 10,840 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8027 8.47 9.24 7.75 11,767 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.40 9.83 7.27
Feb 25, 14 Since Inception 10.0000 8.79 9.73 8.05 12,711 13,024 12,465 Dec 31, 14 To Dec 31, 15 8.55 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 435D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.6806
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7105 8.28 9.83 7.27 10,828 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.7783 8.47 9.24 7.75 11,765 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.28 9.83 7.27
Mar 06, 14 Since Inception 10.0000 8.78 9.71 8.06 12,681 12,990 12,446 Dec 31, 14 To Dec 31, 15 8.65 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 441D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7397
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7541 8.39 9.83 7.27 10,839 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8221 8.50 9.24 7.75 11,772 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.39 9.83 7.27
Feb 18, 14 Since Inception 10.0000 8.82 9.71 8.07 12,740 13,041 12,491 Dec 31, 14 To Dec 31, 15 8.61 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 61
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 447D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7315
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7526 8.33 9.83 7.27 10,833 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8335 8.41 9.24 7.75 11,752 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.33 9.83 7.27
Feb 12, 14 Since Inception 10.0000 8.74 9.70 8.08 12,732 13,057 12,509 Dec 31, 14 To Dec 31, 15 8.48 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 453D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 12.7486
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7674 8.34 9.83 7.27 10,834 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8389 8.45 9.24 7.75 11,762 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.34 9.83 7.27
Feb 06, 14 Since Inception 10.0000 8.74 9.67 8.06 12,749 13,067 12,521 Dec 31, 14 To Dec 31, 15 8.57 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 472D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.7217
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7625 8.15 9.83 7.27 10,815 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8585 8.24 9.24 7.75 11,716 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.15 9.83 7.27
Jan 28, 14 Since Inception 10.0000 8.58 9.66 8.01 12,722 13,095 12,527 Dec 31, 14 To Dec 31, 15 8.33 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 478D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.7675
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.7857 8.33 9.83 7.27 10,833 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.8659 8.40 9.24 7.75 11,750 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.33 9.83 7.27
Jan 24, 14 Since Inception 10.0000 8.68 9.63 7.98 12,768 13,096 12,525 Dec 31, 14 To Dec 31, 15 8.47 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 491D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.8009
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.8277 8.23 9.83 7.27 10,823 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.9108 8.32 9.24 7.75 11,732 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.23 9.83 7.27
Jan 09, 14 Since Inception 10.0000 8.65 9.65 7.99 12,801 13,152 12,569 Dec 31, 14 To Dec 31, 15 8.40 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 793D FEBRUARY 2014 (1) NAV as on December 30, 2016 ` 13.0565
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.1303 7.64 9.83 7.27 10,764 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.9840 9.03 9.24 7.75 11,887 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.64 9.83 7.27
Feb 26, 14 Since Inception 10.0000 9.83 9.73 8.05 13,057 13,021 12,464 Dec 31, 14 To Dec 31, 15 10.44 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
62 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 840D JANUARY 2014 (1) NAV as on December 30, 2016 ` 12.8753
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.9478 7.76 9.83 7.27 10,776 10,983 10,727 ##
Dec 31, 14 Last 2 Years 10.9710 8.33 9.24 7.75 11,736 11,934 11,609 Dec 31, 15 To Dec 30, 16 7.76 9.83 7.27
Feb 06, 14 Since Inception 10.0000 9.11 9.67 8.06 12,875 13,067 12,521 Dec 31, 14 To Dec 31, 15 8.90 8.66 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1113D AUGUST 2014 (1) NAV as on December 30, 2016 ` 12.3440
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)#i Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3601 8.66 12.93 7.27 10,866 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.4368 8.75 10.76 7.75 11,827 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.66 12.93 7.27
Aug 27, 14 Since Inception 10.0000 9.39 11.90 7.93 12,344 13,017 11,959 Dec 31, 14 To Dec 31, 15 8.85 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1099D AUGUST 2014 (1) NAV as on December 30, 2016 ` 12.3259
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3435 8.66 12.93 7.27 10,866 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.4143 8.79 10.76 7.75 11,836 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.66 12.93 7.27
Sep 05, 14 Since Inception 10.0000 9.43 11.89 7.92 12,326 12,980 11,934 Dec 31, 14 To Dec 31, 15 8.92 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1134D SEPTEMBER 2014 (1) NAV as on December 30, 2016 ` 12.4208
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3512 9.42 12.93 7.27 10,942 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.3801 9.39 10.76 7.75 11,966 12,268 11,609 Dec 31, 15 To Dec 30, 16 9.42 12.93 7.27
Sep 19, 14 Since Inception 10.0000 9.96 11.81 7.92 12,421 12,903 11,900 Dec 31, 14 To Dec 31, 15 9.36 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1128D SEPTEMBER 2014 (1) NAV as on December 30, 2016 ` 12.2695
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.2763 8.81 12.93 7.27 10,881 11,293 10,727 ##
Dec 31, 14 Last 2 Years 10.3526 8.87 10.76 7.75 11,852 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.81 12.93 7.27
Sep 25, 14 Since Inception 10.0000 9.45 11.83 7.93 12,270 12,883 11,886 Dec 31, 14 To Dec 31, 15 8.92 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1125D SEPTEMBER 2014 (1) NAV as on December 30, 2016 ` 12.1899
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.1900 8.94 12.93 7.27 10,894 11,293 10,727 ##
Dec 31, 14 Last 2 Year 10.2706 8.94 10.76 7.75 11,869 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.94 12.93 7.27
Oct 10, 14 Since Inception 10.0000 9.31 11.75 7.91 12,190 12,803 11,845 Dec 31, 14 To Dec 31, 15 8.95 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 63
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 1113D OCTOBER 2014 (1) NAV as on December 30, 2016 ` 12.0983
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.1066 8.93 12.93 7.27 10,893 11,293 10,727 ##
Dec 31, 14 Last 2 Year 10.1928 8.95 10.76 7.75 11,869 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.93 12.93 7.27
Oct 22, 14 Since Inception 10.0000 9.08 11.52 7.86 12,098 12,700 11,804 Dec 31, 14 To Dec 31, 15 8.97 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1107D OCTOBER 2014 (1) NAV as on December 30, 2016 ` 11.9963
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.0086 8.97 12.93 7.27 10,897 11,293 10,727 ##
Dec 31, 14 Last 2 Year 10.1057 8.95 10.76 7.75 11,871 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.97 12.93 7.27
Nov 11, 14 Since Inception 10.0000 8.89 11.07 7.82 11,996 12,515 11,745 Dec 31, 14 To Dec 31, 15 8.93 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1113D NOVEMBER 2014 (1) NAV as on December 30, 2016 ` 11.9400
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.9558 8.98 12.93 7.27 10,898 11,293 10,727 ##
Dec 31, 14 Last 2 Year 10.0556 8.97 10.76 7.75 11,874 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.98 12.93 7.27
Nov 26, 14 Since Inception 10.0000 8.83 11.01 7.80 11,940 12,448 11,705 Dec 31, 14 To Dec 31, 15 8.95 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1111D NOVEMBER 2014 (1) NAV as on December 30, 2016 ` 11.8819
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.8726 9.28 12.93 7.27 10,928 11,293 10,727 ##
Dec 31, 14 Last 2 Year 10.0213 8.89 10.76 7.75 11,857 12,268 11,609 Dec 31, 15 To Dec 30, 16 9.28 12.93 7.27
Dec 05, 14 Since Inception 10.0000 8.68 10.65 7.80 11,882 12,333 11,683 Dec 31, 14 To Dec 31, 15 8.49 8.63 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1107D DECEMBER 2014 (1) NAV as on December 30, 2016 ` 11.8090
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.8561 8.78 12.93 7.27 10,878 11,293 10,727 ##
Jan 06, 15 Since Inception 10.0000 8.74 10.90 7.75 11,809 12,278 11,597 Dec 31, 15 To Dec 30, 16 8.78 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1115D JANUARY 2015 (1) NAV as on December 30, 2016 ` 11.7551
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.7896 8.95 12.93 7.27 10,895 11,293 10,727 ##
Jan 14, 15 Since Inception 10.0000 8.59 10.64 7.72 11,755 12,193 11,570 Dec 31, 15 To Dec 30, 16 8.95 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
64 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
ANIL BAMBOLI....CONTINUED

HDFC FMP 1134D July 2015 (1) NAV as on December 30, 2016 ` 11.3534
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3657 9.53 12.93 7.27 10,953 11,293 10,727 ##
Jul 15, 15 Since Inception 10.0000 9.06 11.90 7.45 11,353 11,788 11,109 Dec 31, 15 To Dec 30, 16 9.53 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1126D July 2015 (1) NAV as on December 30, 2016 ` 11.2383
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3187 8.91 12.93 7.27 10,891 11,293 10,727 ##
Jul 23, 15 Since Inception 10.0000 8.44 11.88 7.46 11,238 11,755 11,092 Dec 31, 15 To Dec 30, 16 8.91 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1141D July 2015 (1) NAV as on December 30, 2016 ` 11.2227
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.2792 9.18 12.93 7.27 10,918 11,293 10,727 ##
Aug 06, 15 Since Inception 10.0000 8.57 11.81 7.46 11,223 11,695 11,062 Dec 31, 15 To Dec 30, 16 9.18 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1108D September 2015 (1) NAV as on December 30, 2016 ` 11.1290
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.1945 9.17 12.93 7.27 10,917 11,293 10,727 ##
Sep 23, 15 Since Inception 10.0000 8.78 11.99 7.42 11,129 11,548 10,953 Dec 31, 15 To Dec 30, 16 9.17 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1105D October 2015 (1) NAV as on December 30, 2016 ` 11.0135
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0837 9.22 12.93 7.27 10,922 11,293 10,727 ##
Oct 15, 15 Since Inception 10.0000 8.30 11.31 7.16 11,014 11,385 10,874 Dec 31, 15 To Dec 30, 16 9.22 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

HDFC FMP 1111D November 2015 (1) NAV as on December 30, 2016 ` 10.9372
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0245 9.10 12.93 7.27 10,910 11,293 10,727 ##
Dec 03, 15 Since Inception 10.0000 8.68 12.15 7.21 10,937 11,314 10,778 Dec 31, 15 To Dec 30, 16 9.10 12.93 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index

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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 65
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)

KRISHAN KUMAR DAGA


HDFC GOLD EXCHANGE TRADED FUND* NAV as on December 30, 2016 ` 2,610.9082
A. Cumulative Performance
Date Period NAV per Unit Scheme Benchmark Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
(`) Returns (%)^ Returns (%)# Scheme (`) Benchmark (`)# Period Scheme Benchmark
^ #
Dec 31, 15 Last 1 Year 2,366.0439 10.35 11.57 11,035 11,157
Dec 31, 14 Last 2 Years 2,575.8398 0.68 1.76 10,136 10,355 Dec 31, 15 To Dec 30, 16 10.35 11.57
Dec 31, 13 Last 3 Years 2,554.2262 0.73 1.81 10,222 10,554 Dec 31, 14 To Dec 31, 15 -8.14 -7.19
Aug 13, 10 Since Inception 1,800.3288 5.99 6.68 14,502 15,112 Dec 31, 13 To Dec 31, 14 0.85 1.92
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Domestic Price of Physical Gold. Since inception returns
are calculated on ` 1800.3288 (allotment price) * Currently, there are no Options being offered under the Scheme.

HDFC GOLD FUND NAV as on December 30, 2016 ` 9.4116


A. Cumulative Performance
Date Period NAV per Unit Scheme Benchmark Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
(`) Returns (%)^ Returns (%)# Scheme (`) Benchmark (`)# Period Scheme Benchmark
^ #
Dec 31, 15 Last 1 Year 8.5516 10.06 11.57 11,006 11,157
Dec 31, 14 Last 2 Years 9.2217 1.02 1.76 10,206 10,355 Dec 31, 15 To Dec 30, 16 10.06 11.57
Dec 31, 13 Last 3 Years 10.2190 -2.71 1.81 9,210 10,554 Dec 31, 14 To Dec 31, 15 -7.27 -7.19
Nov 01, 11 Since Inception 10.0000 -1.17 0.57 9,412 10,298 Dec 31, 13 To Dec 31, 14 -9.76 1.92
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Domestic Price of Physical Gold

HDFC SENSEX ETF NAV as on December 30, 2016 ` 2,705.590


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 2,606.220 3.81 1.95 3.01 10,381 10,195 10,301 ##
Dec 09, 15 Since Inception 2,503.610 7.59 5.98 7.09 10,807 10,635 10,753 Dec 31, 15 To Dec 30, 16 3.81 1.95 3.01
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX Index ## NIFTY 50 Index

HDFC NIFTY ETF NAV as on December 30, 2016 ` 827.820


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 793.280 4.35 3.01 1.95 10,435 10,301 10,195 ##
Dec 09, 15 Since Inception 761.250 8.23 7.09 5.98 10,874 10,753 10,635 Dec 31, 15 To Dec 30, 16 4.35 3.01 1.95
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index ## S&P BSE SENSEX Index

CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI


HDFC CPO - II - 36M MAY 2014 NAV as on December 30, 2016 ` 11.6532
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.0371 5.58 11.55 7.27 10,558 11,155 10,727 ##
Dec 31, 14 Last 2 Years 10.5606 5.05 9.14 7.75 11,035 11,912 11,609 Dec 31, 15 To Dec 30, 16 5.58 11.55 7.27
Jun 05, 14 Since Inception 10.0000 6.13 10.29 7.88 11,653 12,865 12,156 Dec 31, 14 To Dec 31, 15 4.51 6.79 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index

HDFC CPO - II - 36M June 2014 NAV as on December 30, 2016 ` 11.6369
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.0349 5.46 11.55 7.27 10,546 11,155 10,727 ##
Dec 31, 14 Last 2 Years 10.5508 5.02 9.14 7.75 11,029 11,912 11,609 Dec 31, 15 To Dec 30, 16 5.46 11.55 7.27
Jun 30, 14 Since Inception 10.0000 6.24 10.43 7.93 11,637 12,821 12,105 Dec 31, 14 To Dec 31, 15 4.59 6.79 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
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.
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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
66 January 2017 Intouch mutually
SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
VINAY KULKARNI & ANIL BAMBOLI....CONTINUED

HDFC CPO - II - 36M JANUARY 2014 NAV as on December 30, 2016 ` 12.3590
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.7574 5.12 11.55 7.27 10,512 11,155 10,727
Dec 31, 14 Last 2 Years 11.2940 4.61 9.14 7.75 10,943 11,912 11,609 Dec 31, 15 To Dec 30, 16 5.12 11.55 7.27
Jan 29, 14 Since Inception 10.0000 7.52 11.86 8.03 12,359 13,873 12,532 Dec 31, 14 To Dec 31, 15 4.10 6.79 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
HDFC CPO - II - 36M FEBRUARY 2014 NAV as on December 30, 2016 ` 12.1610
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.5562 5.23 11.55 7.27 10,523 11,155 10,727
Dec 31, 14 Last 2 Years 11.1117 4.62 9.14 7.75 10,944 11,912 11,609 Dec 31, 15 To Dec 30, 16 5.23 11.55 7.27
Mar 06, 14 Since Inception 10.0000 7.18 11.87 8.06 12,161 13,722 12,446 Dec 31, 14 To Dec 31, 15 4.00 6.79 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
HDFC CPO - III - 1207D DECEMBER 2014 NAV as on December 30, 2016 ` 11.0670
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4742 5.66 11.55 7.27 10,566 11,155 10,727 ##
Dec 31, 14 Last 2 Year 10.0213 5.09 9.14 7.75 11,043 11,912 11,609 Dec 31, 15 To Dec 30, 16 5.66 11.55 7.27
Dec 23, 14 Since Inception 10.0000 5.14 9.23 7.80 11,067 11,954 11,640 Dec 31, 14 To Dec 31, 15 4.52 6.79 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
HDFC CPO - III - 1100D OCTOBER 2014 NAV as on December 30, 2016 ` 11.2653
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.6090 6.19 11.55 7.27 10,619 11,155 10,727 ##
Dec 31, 14 Last 2 Year 10.1432 5.39 9.14 7.75 11,106 11,912 11,609 Dec 31, 15 To Dec 30, 16 6.19 11.55 7.27
Oct 28, 14 Since Inception 10.0000 5.63 9.95 7.84 11,265 12,292 11,784 Dec 31, 14 To Dec 31, 15 4.59 6.79 8.22
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
HDFC CPO - III - 1173D JANUARY 2015 NAV as on December 30, 2016 ` 11.0403
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4031 6.13 11.55 7.27 10,613 11,155 10,727 ##
Feb 12, 15 Since Inception 10.0000 5.40 8.50 7.72 11,040 11,660 11,502 Dec 31, 15 To Dec 30, 16 6.13 11.55 7.27
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
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 December 30, 2016 ` 14.8700
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 13.6462 8.97 6.66 3.01 10,897 10,666 10,301
Dec 31, 14 Last 2 Years 13.6617 4.33 3.52 -0.59 10,884 10,717 9,883 Dec 31, 15 To Dec 30, 16 8.97 6.66 3.01
Dec 31, 13 Last 3 Years 11.4026 9.25 10.34 9.10 13,041 13,433 12,985 Dec 31, 14 To Dec 31, 15 -0.11 0.48 -4.06
Feb 06, 12 Since Inception 10.0000 8.43 9.51 9.02 14,870 15,611 15,267 Dec 31, 13 To Dec 31, 14 19.81 25.34 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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 schemes 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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 67
SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)

PRASHANT JAIN
HDFC EQUITY FUND NAV as on December 30, 2016 ` 491.564
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 454.473 8.16 3.84 3.01 10,816 10,384 10,301
Dec 31, 14 Last 2 Years 474.909 1.74 1.53 -0.59 10,351 10,309 9,883 Dec 31, 15 To Dec 30, 16 8.16 3.84 3.01
Dec 31, 13 Last 3 Years 306.670 17.03 12.42 9.10 16,029 14,208 12,985 Dec 31, 14 To Dec 31, 15 -4.30 -0.72 -4.06
Jan 01, 13 Since Inception 296.876 13.45 9.91 8.30 16,558 14,589 13,756 Dec 31, 13 To Dec 31, 14 54.86 37.82 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index

HDFC TOP 200 FUND NAV as on December 30, 2016 ` 360.427


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 329.752 9.30 3.95 1.95 10,930 10,395 10,195
Dec 31, 14 Last 2 Years 348.854 1.65 1.20 -1.60 10,332 10,242 9,683 Dec 31, 15 To Dec 30, 16 9.30 3.95 1.95
Dec 31, 13 Last 3 Years 236.726 15.04 11.53 7.94 15,225 13,874 12,577 Dec 31, 14 To Dec 31, 15 -5.48 -1.48 -5.03
Jan 01, 13 Since Inception 228.943 12.02 9.46 7.99 15,743 14,353 13,598 Dec 31, 13 To Dec 31, 14 47.37 35.47 29.89
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE SENSEX

HDFC PRUDENCE FUND NAV as on December 30, 2016 ` 421.084


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 381.429 10.40 6.66 3.01 11,040 10,666 10,301
Dec 31, 14 Last 2 Years 377.591 5.60 3.52 -0.59 11,152 10,717 9,883 Dec 31, 15 To Dec 30, 16 10.40 6.66 3.01
Dec 31, 13 Last 3 Years 247.365 19.40 10.34 9.10 17,023 13,433 12,985 Dec 31, 14 To Dec 31, 15 1.02 0.48 -4.06
Jan 01, 13 Since Inception 243.322 14.71 9.10 8.30 17,306 14,164 13,756 Dec 31, 13 To Dec 31, 14 52.65 25.34 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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 schemes investments are made in debt instruments.

VINAY KULKARNI
HDFC CORE & SATELLITE FUND NAV as on December 30, 2016 ` 65.027
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 62.899 3.38 3.95 1.95 10,338 10,395 10,195
Dec 31, 14 Last 2 Years 59.509 4.53 1.20 -1.60 10,927 10,242 9,683 Dec 31, 15 To Dec 30, 16 3.38 3.95 1.95
Dec 31, 13 Last 3 Years 39.084 18.49 11.53 7.94 16,638 13,874 12,577 Dec 31, 14 To Dec 31, 15 5.70 -1.48 -5.03
Jan 01, 13 Since Inception 40.302 12.71 9.46 7.99 16,135 14,353 13,598 Dec 31, 13 To Dec 31, 14 52.26 35.47 29.89
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE SENSEX

HDFC PREMIER MULTI-CAP FUND NAV as on December 30, 2016 ` 44.022


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 43.686 0.77 3.84 3.01 10,077 10,384 10,301
Dec 31, 14 Last 2 Years 43.936 0.10 1.53 -0.59 10,020 10,309 9,883 Dec 31, 15 To Dec 30, 16 0.77 3.84 3.01
Dec 31, 13 Last 3 Years 28.738 15.28 12.42 9.10 15,318 14,208 12,985 Dec 31, 14 To Dec 31, 15 -0.57 -0.72 -4.06
Jan 01, 13 Since Inception 28.957 11.05 9.91 8.30 15,203 14,589 13,756 Dec 31, 13 To Dec 31, 14 52.88 37.82 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index

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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
68 January 2017 Intouch mutually
SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)
VINAY KULKARNI....CONTINUED

HDFC LARGE CAP FUND NAV as on December 30, 2016 ` 88.205


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 84.753 4.07 3.01 1.95 10,407 10,301 10,195
Dec 31, 14 Last 2 Years 88.989 -0.44 -0.59 -1.60 9,912 9,883 9,683 Dec 31, 15 To Dec 30, 16 4.07 3.01 1.95
Dec 31, 13 Last 3 Years 69.639 8.20 9.10 7.94 12,666 12,985 12,577 Dec 31, 14 To Dec 31, 15 -4.76 -4.06 -5.03
Jan 01, 13 Since Inception 66.927 7.15 8.30 7.99 13,179 13,756 13,598 Dec 31, 13 To Dec 31, 14 27.79 31.39 29.89
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index ## S&P BSE SENSEX

HDFC TAXSAVER NAV as on December 30, 2016 ` 413.772


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 382.113 8.29 3.84 3.01 10,829 10,384 10,301
Dec 31, 14 Last 2 Years 405.644 1.00 1.53 -0.59 10,200 10,309 9,883 Dec 31, 15 To Dec 30, 16 8.29 3.84 3.01
Dec 31, 13 Last 3 Years 258.084 17.04 12.42 9.10 16,032 14,208 12,985 Dec 31, 14 To Dec 31, 15 -5.80 -0.72 -4.06
Jan 01, 13 Since Inception 246.413 13.84 9.91 8.30 16,792 14,589 13,756 Dec 31, 13 To Dec 31, 14 57.18 37.82 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index

CHIRAG SETALVAD
HDFC MID-CAP OPPORTUNITIES FUND NAV as on December 30, 2016 ` 43.845
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 39.011 12.39 7.13 3.01 11,239 10,713 10,301
Dec 31, 14 Last 2 Years 36.519 9.57 6.79 -0.59 12,006 11,405 9,883 Dec 31, 15 To Dec 30, 16 12.39 7.13 3.01
Dec 31, 13 Last 3 Years 20.534 28.77 21.15 9.10 21,352 17,781 12,985 Dec 31, 14 To Dec 31, 15 6.82 6.46 -4.06
Jan 01, 13 Since Inception 18.799 23.60 13.66 8.30 23,323 16,683 13,756 Dec 31, 13 To Dec 31, 14 77.85 55.91 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY free Float Midcap 100 Index ## NIFTY 50 Index

HDFC SMALL CAP FUND NAV as on December 30, 2016 ` 29.896


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 27.998 6.78 2.26 3.01 10,678 10,226 10,301
Dec 31, 14 Last 2 Years 25.973 7.29 4.71 -0.59 11,510 10,963 9,883 Dec 31, 15 To Dec 30, 16 6.78 2.26 3.01
Dec 31, 13 Last 3 Years 17.021 20.65 19.32 9.10 17,564 16,988 12,985 Dec 31, 14 To Dec 31, 15 7.80 7.21 -4.06
Jan 01, 13 Since Inception 15.909 17.10 11.28 8.30 18,792 15,331 13,756 Dec 31, 13 To Dec 31, 14 52.59 54.95 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY free Float Smallcap 100 Index ## NIFTY 50 Index

HDFC BALANCED FUND NAV as on December 30, 2016 ` 122.938


A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 110.802 10.95 6.66 3.01 11,095 10,666 10,301
Dec 31, 14 Last 2 Years 106.524 7.43 3.52 -0.59 11,541 10,717 9,883 Dec 31, 15 To Dec 30, 16 10.95 6.66 3.01
Dec 31, 13 Last 3 Years 69.869 20.73 10.34 9.10 17,596 13,433 12,985 Dec 31, 14 To Dec 31, 15 4.02 0.48 -4.06
Jan 01, 13 Since Inception 64.365 17.57 9.10 8.30 19,100 14,164 13,756 Dec 31, 13 To Dec 31, 14 52.46 25.34 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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 schemes investments are made in debt 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.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available
Intouch mutually January 2017 69
SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)
CHIRAG SETALVAD....CONTINUED

HDFC CHILDRENS GIFT FUND - INVESTMENT PLAN NAV as on December 30, 2016 ` 92.779
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
per Unit Returns Returns Benchmark
(`) (%)^ (%)# Returns Scheme (`) Benchmark Additional Period Scheme Benchmark Additional
(%) ## (`)# Benchmark ^ # Benchmark
(`)## ##
Dec 31, 15 Last 1 Year 85.403 8.64 6.66 3.01 10,864 10,666 10,301
Dec 31, 15 To Dec 30, 16 8.64 6.66 3.01
Dec 31, 14 Last 2 Years 82.800 5.85 3.52 -0.59 11,205 10,717 9,883
Dec 31, 13 Last 3 Years 57.508 17.28 10.34 9.10 16,133 13,433 12,985 Dec 31, 14 To Dec 31, 15 3.14 0.48 -4.06
Jan 01, 13 Since Inception 50.852 16.23 9.10 8.30 18,245 14,164 13,756 Dec 31, 13 To Dec 31, 14 43.98 25.34 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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 schemes investments are made in debt instruments.
HDFC CHILDRENS GIFT FUND - SAVINGS PLAN NAV as on December 30, 2016 ` 42.3134
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 37.5196 12.78 11.55 14.97 11,278 11,155 11,497
Dec 31, 14 Last 2 Years 35.2863 9.51 9.14 11.12 11,991 11,912 12,347 Dec 31, 15 To Dec 30, 16 12.78 11.55 14.97
Dec 31, 13 Last 3 Years 28.0762 14.65 11.65 12.12 15,071 13,917 14,093 Dec 31, 14 To Dec 31, 15 6.33 6.79 7.39
Jan 01, 13 Since Inception 26.4861 12.43 9.72 8.67 15,976 14,490 13,944 Dec 31, 13 To Dec 31, 14 25.68 16.83 14.14
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 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 schemes investments are made in equity instruments.
HDFC LONG TERM ADVANTAGE FUND NAV as on December 30, 2016 ` 265.789
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 233.596 13.78 1.95 3.01 11,378 10,195 10,301
Dec 31, 14 Last 2 Years 238.155 5.64 -1.60 -0.59 11,160 9,683 9,883 Dec 31, 15 To Dec 30, 16 13.78 1.95 3.01
Dec 31, 13 Last 3 Years 163.758 17.52 7.94 9.10 16,231 12,577 12,985 Dec 31, 14 To Dec 31, 15 -1.91 -5.03 -4.06
Jan 01, 13 Since Inception 148.176 15.74 7.99 8.30 17,937 13,598 13,756 Dec 31, 13 To Dec 31, 14 45.43 29.89 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX ## NIFTY 50 Index

SRINIVAS RAO RAVURI


HDFC GROWTH FUND NAV as on December 30, 2016 ` 143.316
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 133.617 7.26 1.95 3.01 10,726 10,195 10,301
Dec 31, 14 Last 2 Years 133.401 3.65 -1.60 -0.59 10,743 9,683 9,883 Dec 31, 15 To Dec 30, 16 7.26 1.95 3.01
Dec 31, 13 Last 3 Years 92.944 15.53 7.94 9.10 15,420 12,577 12,985 Dec 31, 14 To Dec 31, 15 0.16 -5.03 -4.06
Jan 01, 13 Since Inception 94.763 10.90 7.99 8.30 15,124 13,598 13,756 Dec 31, 13 To Dec 31, 14 43.53 29.89 31.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX ## NIFTY 50 Index
HDFC RAJIV GANDHI EQUITY SAVINGS SCHEME - SERIES II NAV as on December 30, 2016 ` 14.609
A. Cumulative Performance
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^