HDFC MutualFund

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Vol. No. 7 Issue No. 9
March 2010
Average assets under management for the month of March 2010: Rs. 88,779.84 Crore
Market Review
T
Equity market update
he financial year closed on a strong note with 57% with major European markets up 40-50%.
the Sensex and Nifty up 6.7% and 6.6% for Improving demand along with ample liquidity
the month and 80.5% and 73.8% for the year. helped push up commodity prices with copper, alu-
Midcap stocks outperformed and the CNX Midcap minum, zinc and lead up 70% to 90% for the year.
Index rose 7.5% and 126.1% for the month and As investor risk appetite rose, gold, the tradition
year respectively. The recovery in the Indian mar- haven of safety, under performed and rose only
ket was driven by a combination of local and inter- 21% for the year. Better economic prospects also
national factors. Internationally, markets bounced pushed up crude by 37% for the year.
back sharply as the worst of the financial crises was Going forward, the environment continues to
left behind and the global economic recovery gath- remain encouraging with overall growth prospects
ered steam. The rapid pace of the recuperation took of the Indian economy on a sound footing.
most market participants by surprise and is largely However, rising interest rates, commodity inflation
attributable to the success of the unprecedented and the removal of stimulus measures and easy
stimulus measures announced in the previous year. money conditions both in India and overseas are
Domestically, the economy continued to grow sources of concern. While the market has run up
smartly though the pace was partly restrained by a sharply this year, valuations remain at close to his-
poor monsoon. The formation of a new and rela- torical averages. Long-term returns from markets
tively stable government was probably one of the are also in line with underlying earnings growth as
most significant positive events of the year. On a the table below shows.
sector basis, metals, automobiles, banking and IT
out performed in that order while consumer goods BSE Sensex - CAGR Returns %
and oil & gas lagged the market. 3 Yr 5 Yr 10 Yr
On the liquidity front, the financial year saw a 10.3% 22.0% 15.3%
cumulative FII inflow of $23b compared to an out-
flow of $12b the previous year. While FII inflows
were encouraging, it is worth remembering that Returns, going forward, are likely to be driven
going forward local institutions are expected to more by earnings growth than by a further expan-
play a larger role. This year itself, domestic institu- sion of valuations. With the Indian economy
tions are expected to have invested close to $ 12b expected to grow at a healthy pace over the long
in the equity market. Both insurance and mutual term, the prospects for equity returns over an
fund inflows tend to be more stable and are likely extended time frame remain encouraging. Off
to grow as the penetration of financial products is course, in the near term, short-term considerations
still low in our country. will periodically raise concerns in the market. For
Internationally, both emerging and developed those investor with patient capital and a long-term
markets did well though the former outperformed. horizon, equities continue to offer superior
The MSCI Emerging Market Index was up almost prospects compared to other asset classes and pro-
70% while the Dow and Nasdaq were up 43% and vide the opportunity to build long term wealth.
D
Debt market update
uring the month of March 10, the yields in The stock of liquidity (LAF + MSS + Surplus
the debt markets moved marginally lower. cash held by centre) continued to remain comfort-
The yield on the 10-year Government able. The average LAF during the year was
Security went down by 0.06% over February 2010 Rs.1,00,565 crs, compared to average LAF of
(source: Bloomberg). The average LAF during the Rs. 4534 crs during FY2009. This was on account
month was Rs.37,640 crs, which is lower by of aggressive monetary easing done by RBI in the
Rs. 41,021 crs over the average LAF maintained in Oct-Dec 2008.
the previous month on account of some credit pick- Net FII investment in equities & debt was an
up and advance tax payments. The annual rate of inflow of USD 30.25 billion in FY2010 as com-
inflation, based on monthly WPI, stood at 9.89 per- pared to an outflow of USD 9.84 billion in
cent (provisional) for the month of February 2010. FY2009. The FII inflows and lower oil prices
During the financial year ending March 10, the helped INR to appreciate to 44.92 as compared to
yields in the debt markets moved up significantly. 50.73 at end of March 2008.
The yield on the 10-year Government Security Market yields are already factoring a good
increased by 0.81% over March 09 (source: amount of tightening next year. The net govern-
Bloomberg). The yields increased due to huge ment’s borrowing (adjusted for maturities, MSS
government borrowing and also due to increase in de-sequestering and RBI OMO) is higher than last
inflation levels compared to last year year. Thus the G-sec yields are expected to move
The annual rate of inflation, based on monthly higher in the first half of FY11. The Fund contin-
WPI, stood at 9.89 percent (provisional) for the ues to position itself in instruments and maturity
month of February 2010 as compared to 3.50 per- buckets that provide higher relative value in an
cent during the month of February 2009. attempt to deliver superior risk adjusted returns.
2 March 2010 Intouchmutually

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Features of our following schemes
HDFC Growth HDFC Equity HDFC Top 200 HDFC Capital HDFC Core & Satellite HDFC Premier
Fund Fund Fund Builder Fund Fund Multi-Cap Fund
Nature of Scheme Open-ended Growth Open-ended Open-ended Growth Open-ended Open-ended Growth Open-ended Growth
Scheme Growth Scheme Scheme Growth Scheme Scheme Scheme
Investment Objective To generate long term To achieve capital To generate long term To achieve capital To generate capital To generate capital
capital appreciation appreciation. capital appreciation from a appreciation in the appreciation through appreciation in the long
from a portfolio that is portfolio of equity and long term. equity investment in term through equity
invested predominantly equity-linked instruments companies whose shares investments by investing
in equity and primarily drawn from the are quoting at prices below in a diversified portfolio
equity related companies in BSE 200 their true value. of Mid Cap & Large Cap
instruments. index. ‘blue chip’ companies.
Fund Manager Srinivas Rao Ravuri Prashant Jain Prashant Jain Chirag Setalvad Vinay Kulkarni Vinay Kulkarni
(since Apr 3, 06)# (since Jun 19, 03)*# (since Jun19, 03)*# (since Apr 2, 07)# (since Nov 21, 06)# (since Nov 21, 06)#
Inception Date September 11, 2000 January 1, 1995 October 11, 1996 February 1, 1994 September 17, 2004 April 6, 2005
(Date of Allotment)
Entry / Sales Load Not Applicable. Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to
the investor. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’
assessment of various factors including the service rendered by the ARN Holder.
Exit Load ● In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the
date of allotment.
● No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.
No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.
Investment Growth & Dividend Growth & Dividend Growth & Dividend Growth & Dividend Growth & Dividend Growth & Dividend
Plan / Options The Dividend Option offers Dividend Payout and Reinvestment facility.
Minimum Purchase : Rs. 5,000 and any amount thereafter.

Application Amount Additional Purchase : Rs. 1,000 and any amount thereafter.
(Under each Plan)
Lock-in Period Nil Nil Nil Nil Nil Nil
Net Asset Value Every Business Day Every Business Day Every Business Day Every Business Day Every Business Day Every Business Day
(NAV)
Redemption Normally despatched Normally Normally despatched within Normally Normally despatched Normally despatched
Proceeds within 3 Business despatched within 3 Business Days. despatched within within 3 Business Days. within 3 Business Days.
Days. 3 Business Days. 3 Business Days.
Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.
For Tax Benefits / Consequences, Please refer to page 9
* Date of migration from Zurich India Mutual Fund
# Anand Laddha (Dedicated Fund Manager for Overseas Investments since April 2, 07)
Intouchmutually March 2010 3

HDFC Index Fund HDFC Arbitrage Fund HDFC Children’s Gift Fund^*
Nature of Scheme Open-ended Index Linked Scheme Open ended Equity Fund Open-ended Balanced Scheme
Investment Objective Nifty Plan : To generate returns that are To generate income through arbitrage opportunities The primary objective of both the Plans viz.
commensurate with the performance of between cash and derivative market and arbitrage Investment Plan & Savings Plan under the
the Nifty, subject to tracking errors. opportunities within the derivative segment and by Scheme is to generate long term capital
SENSEX Plan : To generate returns that are deployment of surplus cash in debt securities and appreciation.
commensurate with the performance of the money market instruments.
SENSEX, subject to tracking errors.
SENSEX Plus Plan : To invest 80 to 90% of
the net assets of the Plan in companies
whose securities are included in SENSEX
and between 10% & 20% of the net assets
in companies whose securities are not
included in the SENSEX.
Fund Manager Vinay Kulkarni (since Dec 29, 06) Anil Bamboli (since Oct 23, 07)# Chirag Setalvad (since April 2, 07)#
Inception Date July 17, 2002 October 23, 2007 March 2, 2001
(Date of Allotment)
Exit Load Nil Retail Plan & Wholesale Plan ● For Units subject to Lock-in Period: NIL
● In respect of each purchase / switch-in of Units, an ● For Units not subject to Lock-in Period: 3%
No Entry / Exit Load shall be levied on Exit Load of 1% is payable if units are redeemed / if the Units are redeemed / switched-out
bonus units. switched-out within 1 year from the date within one year from the date of allotment;
of allotment. 2% if the Units are redeemed / switched-out
● No Exit Load is payable if Units are redeemed / between the first and second year of the date
switched-out after 1 year from the date of allotment. of allotment; 1% if Units are redeemed /
No Entry / Exit Load shall be levied on bonus units and switched-out between the second and third
units allotted on dividend reinvestment. year of the date of allotment; Nil if the Units
are redeemed / switched -out after third year
from the date of allotment.
No Entry / Exit Load shall be levied on
bonus units
Investment Nifty Plan, SENSEX Plan, SENSEX Plus Plan Wholesale Plan and Retail Plan – Both Plan offers Investment Plan : (Equity Oriented)
Plan / Options At present, each Plan offers Growth Option Growth and Dividend Option. Dividend Option offers Savings Plan : (Debt Oriented)
only. Quarterly Dividend Option with Payout and
Reinvestment Facility.
Minimum Purchase : Rs. 5,000 and any amount Wholesale Plan: Purchase / Additional Purchase : Purchase : Rs. 5,000 and any amount
Application Amount thereafter. Rs. 1 Crore and any amount thereafter. thereafter.
(Under each Plan) Additional Purchase : Rs. 1,000 and any Retail Plan: Purchase / Additional Purchase : Additional Purchase : Rs. 1,000 and any
amount thereafter. Growth / Quaterly Dividend Option: Rs. 5,000 and amount thereafter.
any amount thereafter.
Lock-in Period Nil Nil If opted : Until the Unit holder (being the
beneficiary child) attains the age of 18 years
or until completion of 3 years from date of
allotment, whichever is later.
Net Asset Value Every Business Day Every Business Day Every Business Day
(NAV)
Redemption Normally despatched within Normally despatched within 3 Business days. Normally despatched within 3 Business Days
Proceeds 3 Business Days. (subject to completion of Lock-in Period, if opted).
^ Eligibility (of Unit holder) : Children less than 18 years of age as on the date of investment by the Investor / Applicant are eligible as Unit holders in the Scheme. * Personal Accident Insurance Cover for Parent / Legal Guardian (upto the age of
80 years) of the Unit holder, equivalent to 10 times the cost value of the outstanding Units held by the Unit holder under all the applications / account statements / folios, subject to a maximum amount of Rs. 10 lakhs per Unit holder. The insur-
ance premium in respect of the personal accident insurance cover will be borne by the AMC. This accident insurance cover is subject to conditions of the group personal accident insurance policy.

HDFC Balanced Fund HDFC Prudence Fund HDFC Long Term Advantage HDFC TaxSaver
Fund
Nature of Scheme Open-ended Balanced Scheme Open-ended Balanced Scheme Open-ended Equity Linked Savings Open-ended Equity Linked Savings
Scheme with a lock-in period of Scheme with a lock-in period of 3 years
3 years
Investment Objective To generate capital appreciation To provide periodic returns and To generate long term capital To achieve long term growth of capital.
along with current income from a capital appreciation over a long appreciation from a portfolio
combined portfolio of equity & period of time from a judicious mix that is invested predominantly
equity-related and debt & money of equity and debt investments with in equity and equity-related
market instruments. an aim to prevent / minimise any instruments.
capital erosion.
Fund Managers Chirag Setalvad (since April 2, 07)# Prashant Jain (since Jun 19, 03)*# Chirag Setalvad (since April 2, 2007)# Vinay Kulkarni (since Nov 21, 2006)#
Inception Date September 11, 2000 February 1, 1994 January 2, 2001 March 31, 1996
(Date of Allotment)
Exit Load ● In respect of each purchase / ● In respect of each purchase / Nil Nil
switch-in of Units, an Exit Load switch-in of Units, an Exit Load
of 1% is payable if units are of 1% is payable if units are
redeemed / switched-out within redeemed / switched-out
1 year from the date within 1 year from the date
of allotment. of allotment.
● No Exit Load is payable if Units ● No Exit Load is payable if Units
are redeemed / switched-out are redeemed / switched-out
after 1 year from the date of after 1 year from the date of
allotment. allotment.
No Entry/Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.
Investment Growth & Dividend Growth & Dividend Growth & Dividend Growth & Dividend
Plan / Options The Dividend Option offers Dividend payout and Reinvestment facility.
Minimum Purchase : Rs. 5,000 and any amount thereafter. For Purchase & Additional Purchase : Rs. 500 and in multiples of
Application Amount Additional Purchase : Rs. 1,000 and any amount thereafter. Rs 500 thereafter.
Lock-in Period Nil Nil 3 years from the date of allotment of the respective Units
Net Asset Value Every Business Day Every Business Day Every Business Day Every Business Day
(NAV)
Redemption Normally despatched Normally despatched Normally despatched within 3 Business Days (subject to completion
Proceeds within 3 Business Days. within 3 Business Days. of Lock-in Period).
* Date of migration from Zurich India Mutual Fund

HDFC Long Term Equity Fund HDFC Mid-Cap Opportunities Fund HDFC Infrastructure Fund
Nature of Scheme A 5 year close-ended Equity Scheme A 3 year close-ended Equity Scheme with A 3 year close-ended Equity Scheme with automatic
with automatic conversion into an automatic conversion into an Open-ended conversion into an Open-ended scheme upon maturity
Open-ended scheme upon maturity scheme upon maturity
Investment Objective To achieve long-term capital appreciation To generate long-term capital appreciation To seek long-term capital appreciation by investing
from a portfolio that is substantially predominantly in equity and equity related securities of
constituted of equity and equity related companies engaged in or expected to benefit from growth
securities of Small and Mid-Cap companies and development of infrastructure
Fund Managers Srinivas Rao Ravuri Chirag Setalvad Prashant Jain and Srinivas Rao Ravuri
(Since February 10, 2006) # (Since June 25, 2007) # (Since March 10, 2008) #
Inception Date February 10, 2006 June 25, 07 March 10, 08

(Date of Allotment)
Entry / Sales Load Not Applicable Not Applicable Not Applicable
Exit Load Redemption / switch-out from the date Nil * Nil *

of allotment: upto 12 months 4%;
after 12 months upto 24 months 3%;
after 48 months upto 54 months 0.5%;
after 54 months upto maturity Nil.
Investment Growth and Dividend Growth and Dividend Growth and Dividend
Plan / Options
Minimum Not Applicable^ Not Applicable^ Not Applicable^

Application Amount
Lock-in Period Nil Nil Nil
Net Asset Value Every Business Day Every Business Day Every Business Day
(NAV)
Redemption Normally despatched within Normally despatched within Normally despatched within
Proceeds 3 Business days 3 Business days 3 Business days
* Pursuant to SEBI circular ref. SEBI/MFD/CIR No. 1/64057/06 dated April 4, 2006, the balance proportionate unamortised issue expenses will be recovered from the Unitholder if an Unitholder exists the Scheme before
the amortisation of NFO expenses is completed.
^ Until the date of automatic conversion into an Open-ended scheme upon maturity.

HDFC MF Monthly Income Plan HDFC Multiple Yield Fund HDFC Multiple Yield Fund HDFC Income Fund
(HDFC MF MIP) – Plan 2005
Nature of Scheme An open-ended income scheme. Monthly income is Open-ended Income Scheme Open-ended Income Scheme Open-ended Income Scheme
not assured and is subject to availability of
distributable surplus
Investment Objective The primary objective of Scheme is to generate regular To generate positive returns To generate positive returns To optimise returns while
returns through investment primarily in Debt and over medium time frame with over medium time frame with maintaining a balance of
Money Market Instruments. The secondary objective low risk of capital loss over low risk of capital loss over safety, yield and liquidity.
of the Scheme is to generate long-term capital medium time frame. medium time frame.
appreciation by investing a portion of the Scheme’s
assets in equity and equity related instruments.
Fund Managers LTP – Prashant Jain (Equities) (since Dec 26, 03), Vinay Kulkarni (Equities), Chirag Setalvad (Equities), Shobhit Mehrotra
Shobhit Mehrotra (Debt) (since Sep 1, 07)#, (since Nov 21, 06) (since April 2, 07) (since Sep 1, 07)#
STP – Vinay Kulkarni (Equities) (since Nov 21, 06), Anil Bamboli (Debt) Anil Bamboli (Debt)
Shobhit Mehrotra (Debt) (since Feb 16, 04)# (since Sep 17, 04)# (since Aug 17, 05)#
Inception Date December 26, 2003 September 17, 2004 August 17, 2005 September 11, 2000
(Date of Allotment)
Exit Load For Short-Term Plan & Long-Term Plan ● In respect of each purchase ● In respect of each purchase ● In respect of each purchase /
● In respect of each purchase / switch-in of Units, an / switch-in of Units, an Exit / switch-in of Units, an Exit switch-in of Units, an Exit
Exit Load of 1% is payable if units are redeemed / Load of 1% is payable if Load of 1% is payable if Load of 1% is payable if
switched-out within 1 year from the date units are redeemed / units are redeemed / units are redeemed /
of allotment. switched-out within switched-out within 15 switched-out within
● No Exit Load is payable if Units are redeemed / 1 year from the date months from the date 1 year from the date
switched-out after 1 year from the date of of allotment. of allotment. of allotment.
allotment. ● No Exit Load is payable if ● No Exit Load is payable if ● No Exit Load is payable if
Units are redeemed / Units are redeemed / Units are redeemed /
switched-out after 1 year switched-out after 15 switched-out after 1 year
from the date of allotment. months from the date of from the date of allotment.
allotment.
Investment Short Term Plan (STP) & Long Term Plan (LTP). Each Plan Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility.
Plan / Options offers Growth, Monthly Dividend & Quarterly Dividend
Option. The Dividend Option offers Dividend Payout and
Reinvestment facility.
Minimum Short Term Plan : Purchase : Purchase : Rs 5,000 and any amount thereafter.
Application Amount (Growth & Quarterly Dividend Option) – Rs. 5,000 and Additional Purchase : Rs. 1,000 and any amount thereafter.
any amount thereafter under each Option.
(Monthly Dividend Option) – Rs. 25,000 and any
amount thereafter.
Additional Purchase : Rs. 1,000 and any amount thereafter.
Long Term Plan : Purchase :
(Growth & Quarterly Dividend Option) – Rs. 5,000 and
any amount thereafter under each Option.
(Monthly Dividend Option) – Rs. 25,000 and any
amount thereafter.
Lock-in Period Nil Nil Nil Nil
Net Asset Value Every Business Day Every Business Day Every Business Day Every Business Day
(NAV)
Redemption Normally despatched within 3 Business Days Normally depatched within Normally depatched within Normally despatched within
Proceeds 3 Business Days 3 Business Days 3 Business Days
Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 9

HDFC High Interest Fund (HHIF) HDFC Short Term Plan (STP) HDFC Liquid Fund (HLF) HDFC Cash Management Fund
Nature of Scheme Open-ended Income Scheme Open-ended Income Scheme Open-ended Liquid Income Scheme Savings & Call Plan: Open ended High Liquidity
Income Scheme.
Treasury Advantage Plan: Open-ended
Income Scheme.
Investment Objective To generate income by investing in a To generate regular income through To enhance income consistent with a high Savings & Call Plan: To generate
range of debt and money market investment in Debt Securities and Money level of liquidity, through a judicious portfolio optimal returns while maintaining
instruments of various maturity dates Market Instruments. mix comprising of money market and debt safety and high liquidity.
with a view to maximise income while instruments. Treasury Advantage Plan: To generate regular
maintaining the optimum balance of income through investment in debt
yield, safety and liquidity. securities and money market instruments.
Fund Managers Anil Bamboli (HHIF) (since Feb 16, 04)#, Anil Bamboli (since Jan 13, 04)# Shobhit Mehrotra (since Feb 16, 04)# Treasury Advantage Plan – Anil Bamboli
Shobhit Mehrotra – STP (since Sep 1, 07)# (since Sep 1, 07)#
Call Plan – Bharat Pareek (since May 23, 08)#,
Savings Plan – Bharat Pareek (w.e.f. Oct 1, 09)#
Inception Date HHIF : April 28, 1997 February 28, 2002 HLF : October 17, 2000 Savings & Treasury Advantage Plan:
(Date of Allotment) HHIF-STP : February 6, 2002 HLF – Premium Plan & HLF – Premium Plus Plan : November 18, 1999
February 24, 2003 Call Plan : February 6, 2002
Entry / Sales Load Not Applicable. Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor. Upfront commission
shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factors including the service
rendered by the ARN Holder.
Exit Load HHIF : ● In respect of each purchase / Nil Savings, Treasury Advantage & Call Plan : Nil
● In respect of each purchase / switch-in switch-in of Units, an Exit Load of
of Units, an Exit Load of 0.50 % is 0.50% is payable if units are
payable if units are redeemed / redeemed / switched-out within 3
switched-out within 6 months year from months from the date
the date of allotment. of allotment.
● No Exit Load is payable if Units are ● No Exit Load is payable if Units are
redeemed / switched-out after 6 months redeemed / switched-out after 3
from the date of allotment. months from the date of allotment.
HHIF - STP : 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.
Investment HHIF : Growth, Quarterly, Half Yearly Growth & Dividend (Dividend Option HLF, HLF – Premium Plan & HLF – Premium Plus Savings Plan & Call Plan : Growth Option &
Plan / Options and Yearly Dividend Options. offers payout and Reinvestment facility). Plan. Each Plan offers Growth & Dividend Option. Daily Dividend Option (with Reinvestment
HHIF-STP : Growth & Dividend Option HLF – The Dividend Option offers Daily Dividend facility only). Savings Plan also offers Weekly
All Dividend Options offer Dividend Payout and Option (Reinvestment facility only) and Weekly Dividend Option (with payout and
Reinvestment facility. and Monthly Dividend Option (with payout and Reinvestment facility.
Reinvestment facility). Treasury Advantage Plan : (Retail and
HLF Premium Plan – The Dividend Option offers Wholesale Option) Growth and Dividend
Daily Dividend Option (with Reinvestment facility Option. Dividend Option offers Daily Dividend
only) and Weekly Dividend Option (with payout Option with Reinvestment facility only and
and Reinvestment facility). Weekly and Monthly Dividend Option with
HLF Premium Plus Plan – The Dividend Option payout and Reinvestment facility.
offers Weekly Dividend Option (with payout and
Reinvestment facility).
Minimum (Under each Plan) Purchase : Rs. 5,000 and any amount HLF : Growth Option : Purchase / Additional Savings Plan : (Growth Option)
Application Amount Purchase : Rs. 5,000 and any amount thereafter. Purchase: Rs. 10,000 and any amount Purchase / Additional Purchase: Rs. 10,000
thereafter. Additional Purchase : Rs. 1,000 and any thereafter. and any amount thereafter.
Additional Purchase : Rs. 1,000 and any amount thereafter. Dividend Option : Purchase / Additional Purchase: (Dividend Option) Purchase / Additional
amount thereafter. Rs. 1,00,000 and any amount thereafter. Purchase: Rs. 1,00,000 and any amount
HLF – Premium Plan (Purchase) : thereafter.
Rs. 5,00,00,000 and any amount Call Plan : (Under Each Option)
thereafter for opening an account / folio Purchase / Additional Purchase: Rs. 1,00,000
(Under each Option). and any amount thereafter.
HLF – Premium Plus Plan (Purchase) : Treasury Advantage Plan – Retail Option
Rs. 20,00,00,000 and any amount Growth, Weekly and Monthly Dividend Option
thereafter for opening an account / folio (Under Purchase : Rs. 5,000 and any amount thereafter.
each Option). Additional Purchase: Rs. 1,000 and any amount
HLF – Premium Plan & HLF – Premium Plus Plan thereafter.
(Additional Purchase) : Re. 1 and and any Daily Dividend Option
amount thereafter under each Option. Purchase / Additional Purchase:
Rs. 1,00,000 and any amount thereafter.
Treasury Advantage Plan – Wholesale Option
Purchase : Rs. 1 Crore and any amount
thereafter.
Additional Purchase : Re. 1 and any amount
thereafter.
Lock-in Period Nil Nil Nil Nil
Net Asset Value Every Business Day Every Business Day All Year Round Savings & Call Plan: All Year Round
(NAV) Treasury Advantage Plan: Every Business Day
Redemption Normally despatched within Normally despatched within Normally despatched within 1 Business Day. Savings & Call Plan : Normally despatched
Proceeds 3 Business Days 3 Business Days. within 1 Business Day.
Treasury Advantage Plan: Normally despatched
within 3 Business Days.
Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 9

HDFC Floating Rate Income Fund HDFC Gilt Fund
Nature of Scheme Open-ended Income Scheme. Open-ended Income Scheme.
Investment Objective To generate regular income through investment in a portfolio comprising substantially of floating To generate credit risk-free returns through investments
rate debt / money market instruments, fixed rate debt / money market instruments swapped for in sovereign securities issued by the Central Government
floating rate returns and fixed rate debt securities and money market instruments. and / or a State Government.
Fund Manager Shobhit Mehrotra (since Feb 16, 04)# Anil Bamboli (since Sep 1, 2007)
Inception Date January 16, 2003 July 25, 2001

(Date of Allotment)
Entry / Sales Load Not Applicable. Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor.
Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’
Exit Load Short Term Plan : Nil Nil
Long Term Plan :
● In respect of each purchase / switch-in of Units, an Exit Load of 3% is payable if units are
redeemed / switched-out within 18 months from the date of allotment.
● No Exit Load is payable if Units are redeemed / switched-out after 18 months from the
date of allotment.
No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.
Investment Short Term Plan : For investors who wish to invest for short time period. Short Term Plan : For investors who wish to
Long Term Plan : For investors who wish to invest for relatively longer time period. invest for short time period.
Short Term Plan – Wholesale & Retail Option : Growth and Dividend Option. The Dividend Option Long Term Plan : For investors who wish to invest for
offers Daily Dividend Option (with Reinvestment facility only) and Weekly and Monthly Dividend relatively longer time period.
Option (with payout and Reinvestment facility).
Long Term Plan : Growth and Weekly Dividend Option (with Reinvestment facility only). Each Plan offers Growth and Dividend Options.
The Dividend Option offers Dividend Payout and
Reinvestment facility.
Minimum Short Term Plan – Retail Option : (Growth Option, Weekly Dividend Option & (Under each Plan / Option)
Application Amount Monthly Dividend Option) Purchase :
Purchase : Rs 5,000 and any amount thereafter. Rs. 5,000 and any amount thereafter.
Additional Purchase : Rs 1,000 and any amount thereafter. Additional Purchase :
(Daily Dividend Option) Rs. 1,000 and any amount thereafter.
Purchase / Additional Purchase : Rs 1 lakh and any amount thereafter.
Short Term Plan – Wholesale Option : (Growth Option, Daily Dividend Option,
Weekly Dividend Option & Monthly Dividend Option)
Under each option : Purchase : Rs 1 crore and any amount thereafter.
Additional Purchase : Re 1 and and any amount thereafter.
Long Term Plan : For Purchase : Rs. 5,000 and any amount thereafter.
Lock-in Period Nil Nil
Net Asset Value Every Business Day Every Business Day
(NAV)
Redemption Normally despatched within 3 Business Days. Normally despatched within 3 Business Days.
Proceeds
Tax Benefits / Consequences : Income distributed by the Scheme(s) are free from Income-tax in the hands of investors. Distribution tax in case of Scheme(s) other than equity-oriented funds shall be payable
by the mutual fund at the rate of 14.1625%1 (including surcharge @10%, education cess @2% and secondary and higher education cess @1%) on income distributed to an individual/HUF and at the rate
of 22.66%2 (including surcharge @10%, education cess @2% and secondary and higher education cess @1%) on income distributed to any other investor. In case of income distributed by Liquid Funds
and Money Market Mutual Funds, Dividend Distribution Tax is payable by the Mutual Fund @28.325%3 (including surcharge @10%, education cess @2% and secondary and higher education cess
@1%). 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 0.25% at the time of redemption / switch-out of units
of an equity-oriented fund.
1 2 3
13.841% as per the proposals of the Finance Bill, 2010 22.145% as per the proposals of the Finance Bill, 2010 27.681% as per the proposals of the Finance Bill, 2010
Gift of Units : With effect from 1.10.2009, as per the provisions of section 56(2)(vii) of the Income-tax Act, 1961, certain specified property transferred, without consideration / adequate consideration,
exceeding specified limits, are taxable in the hands of the recipient individual / HUF (subject to certain exceptions). The term “property” includes shares and securities. Units of a mutual fund could fall within
the purview of the term “securities”. As per the proposals of the Finance Bill, 2010 “property” would refer to capital assets only.
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.
Fund Manager Total Experience
Prashant Jain Over 18 years
Shobhit Mehrotra Over 16 years
Anil Bamboli Over 14 years
Vinay Kulkarni Over 18 years
Chirag Setalvad Over 12 years
Srinivas Rao Ravuri Over 14 years
Bharat Pareek Over 8 years
Anand Laddha Over 5 years

hdfc-eq-r.qxd 4/8/2010 7:45 PM Page 1
HDFC IN EQUITY - DIVERSIFIED CATEGORY

HDFC IN EQUITY - DIVERSIFIED CATEGORY
Growth Fund (158 schemes) for 3 and 5 year
periods ending March 31, 2010 Equity Fund (158 schemes) for 3 and 5 year
periods ending March 31, 2010
An open-ended growth scheme An open-ended growth scheme
NAV (as at March 31, 2010) NAV per Unit (Rs.) NAV (as at March 31, 2010) NAV per Unit (Rs.)
Growth Option 74.508 Growth Option 236.272
Dividend Option 29.177 Dividend Option 43.422
Relative Performance ^ (Growth Option) Relative Performance ^ (Growth Option)
Date Period NAV Returns Benchmark Date Period NAV Returns Benchmark
per Unit (Rs.) (%)^ Returns (%)# per Unit (Rs.) (%)^ Returns (%)#
Sep 30, 09 Last Six months (182 days) 68.470 8.82 2.34 Sep 30, 09 Last Six months (182 days) 211.823 11.54 4.72
Mar 31, 09 Last 1 Year (365 days) 38.730 92.38~ 80.54 Mar 31, 09 Last 1 Year (365 days) 108.852 117.06~ 87.95
Mar 30, 07 Last 3 Years (1097 days) 45.461 17.87 10.25 Mar 30, 07 Last 3 Years (1097 days) 142.602 18.29 11.08
Sep 11, 00 Since Inception (3488 days) 10.000 23.39 14.78 Mar 31, 00 Last 10 Years (3652 days) 24.890 25.22 12.54
Jan 01, 95 Since Inception (5568 days) 10.000 23.04 10.25
^Past performance may or may not be sustained in the future
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable ^Past performance may or may not be sustained in the future
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
compounded annualized (CAGR). Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
# SENSEX ~Due to an over all sharp rise in the stock prices compounded annualized (CAGR).
#S&P CNX 500 (Please refer to page no 31) ~Due to an over all sharp rise in the stock prices
Portfolio – Top 10 Holdings (as at March 31, 2010) Portfolio – Top 10 Holdings (as at March 31, 2010)
Company Industry+ % to NAV Company Industry+ / Rating % to NAV
EQUITY & EQUITY RELATED EQUITY & EQUITY RELATED
ICICI Bank Ltd. Banks 6.22 State Bank of India Banks 7.09
ITC Ltd. Consumer Non Durables 6.01
ICICI Bank Ltd. Banks 6.34
Infosys Technologies Ltd. Software 5.74
Oil & Natural Gas Corporation Ltd. Oil 5.62
Crompton Greaves Ltd. Industrial Capital Goods 5.52
Bank of Baroda Banks 3.92
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 5.23
Titan Industries Ltd. Consumer Non Durables 3.38
Larsen & Toubro Ltd. Construction Project 2.71
Bharat Petroleum Corporation Ltd. Petroleum Products 4.77
LIC Housing Finance Ltd. Finance 2.68
Zee Entertainment Enterprises Ltd. Media & Entertainment 4.18
GAIL (India) Ltd. Gas 2.52
Exide Industries Ltd. Auto Ancillaries 3.93
Coromandel International Ltd. Fertilisers 3.89 Crompton Greaves Ltd. Industrial Capital Goods 2.32
Total of Top Ten Equity Holdings 50.63 CMC Ltd. Hardware 2.19
Total Equity & Equity Related Holdings 96.08 Total of Top Ten Equity Holdings 38.77
Short Term Deposits as margin for Futures & Options 0.78 Total Equity & Equity Related Holdings 97.97
Cash margin 0.08 Credit Exposure
Other Cash,Cash Equivalents and Net Current Assets 3.06 Britannia Industries Ltd. AAA 0.20
Grand Total 100.00 Total Credit Exposure 0.20
Net Assets (Rs. In Lakhs) 127,541.18 Cash, Cash Equivalents and Net Current Assets 1.83
Grand Total 100.00
Portfolio Turnover Ratio (Last 1 Year) 43.44% Net Assets (Rs. In Lakhs) 586,200.43
+ Industry Classification as recommended by AMFI,
✤ Past performance is no guarantee of future results. Portfolio Turnover Ratio (Last 1 Year) 81.84%
Please refer to page no 31 for details on the Rating Methodology + Industry Classification as recommended by AMFI
Total outstanding position (as at March 31, 2010) in Derivative Instruments ✤ Past performance is no guarantee of future results.
(Indiabulls Real Estate Ltd. NSE April 2010 Futures) (Gross Notional) Rs. 995.48 lakhs Please refer to page no 31 for details on the Rating Methodology
Industry Allocation of Equity Holding (% of Net Assets) Industry Allocation of Equity Holding (% of Net Assets)
Banks 13.20 Gas 3.54 Banks 20.76 Gas 2.52
Pharmaceuticals 12.25 Chemicals 3.09 Consumer Non Durables 13.55 Ferrous Metals 2.31
Industrial Capital Goods 7.72 Construction 2.68 Pharmaceuticals 10.88 Hardware 2.19
Consumer Non Durables 7.59 Construction Project 2.06 Oil 6.74 Transportation 1.96
Auto Ancillaries 7.20 Power 0.97 Media & Entertainment 6.05 Power 1.92
Oil 6.96 Paper Products 0.81 Construction Project 5.45 Petroleum Products 1.68
Media & Entertainment 6.70 Ferrous Metals 0.68 Finance 4.93 Chemicals 1.29
Software 5.74 Telecom - Services 0.66 Software 4.01 Construction 1.26
Petroleum Products 5.68 Industrial Products 0.42 Industrial Capital Goods 3.48 Textile Products 0.36
Fertilisers 3.89 Engineering 0.35 Auto Ancillaries 3.48 Textiles - Synthetic 0.28
Finance 3.89 Auto 2.84 Engineering 0.03
Std Deviation Beta Sharpe Ratio* Std Deviation Beta Sharpe Ratio*
Risk Ratio (for the 3-yr period ended March 31, 2010) 9.11% 0.9124 0.16 Risk Ratio (for the 3-yr period ended March 31, 2010) 9.99% 0.9209 0.16
Source : CRISIL Fund Analyser Source : CRISIL Fund Analyser
* Risk-free rate assumed to be 5.00% (364-day Treasury Bill yield on 31-03-10) * Risk-free rate assumed to be 5.00% (364-day Treasury Bill yield on 31-03-10)

HDFC Top IN EQUITY - DIVERSIFIED CATEGORY

HDFC Capital
(158 schemes) for 3 and 5 year
200 Fund periods ending March 31, 2010 Builder Fund
An open-ended growth scheme An open-ended growth scheme
per Unit (Rs.) (%) $$^ Returns (%)# per Unit (Rs.) (%)^ Returns (%)#
Oct 11, 96 Since Inception (4919 days) 10.000 25.95 15.55 Feb 01, 94 Since Inception (5902 days) 10.000 15.10 9.05
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable ^Past performance may or may not be sustained in the future
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
compounded annualized (CAGR). #BSE 200 #S&P CNX 500 (Please refer to page no 31)
$$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
have been reinvested in the units of the Scheme at the then prevailing NAV (applicable compounded annualized (CAGR). ~Due to an over all sharp rise in the stock prices
ex-dividend NAV). ~Due to an over all sharp rise in the stock prices
Company Industry+ / Rating % to NAV
Company Industry+ / Rating % to NAV
ICICI Bank Ltd. Banks 6.40 Tata Consultancy Services Ltd. Software 5.69
State Bank of India Banks 5.92
Infosys Technologies Ltd Software 5.74
Ipca Laboratories Ltd. Pharmaceuticals 5.67
Larsen and Toubro Ltd Construction Project 4.14 Reliance Industries Ltd. Petroleum Products 5.22
Bank of Baroda Banks 3.97 State Bank of India Banks 4.51
ITC Ltd. Consumer Non Durables 3.23 Dr Reddys Laboratories Ltd. Pharmaceuticals 3.93
LIC Housing Finance Ltd. Finance 2.85 Crompton Greaves Ltd. Industrial Capital Goods 3.92
Reliance Industries Ltd. Petroleum Products 2.62 Patni Computer Systems Ltd. Software 3.90
NTPC Limited Power 2.41
Total of Top Ten Equity Holdings 41.13 Exide Industries Ltd. Auto Ancillaries 3.73
Total Equity & Equity Related Holdings 95.85 Bank of Baroda Banks 3.63
Money Market Instruments & Other Credit Exposures Axis Bank Ltd Banks 3.41
Kotak Mahindra Bank Ltd. A1+ 2.19
ING Vysya Bank Ltd. P1+ 0.65 Total of Top Ten Equity Holdings 43.61
Punjab National Bank F1+(IND) 0.22 Total Equity & Equity Related Holdings 96.97
Britannia Industries Ltd. AAA 0.06 Credit Exposure
Total Money Market Instruments & Other Credit Exposures
(aggregated holdings in a single issuer) 3.12 Britannia Industries Ltd. AAA 0.19
Cash margin / Earmarked cash for Futures & Options 0.59 Total Credit Exposure 0.19
Other Cash, Cash Equivalents and Net Current Assets 0.44 Cash, Cash Equivalents and Net Current Assets 2.84
Grand Total 100.00 Grand Total 100.00
Net Assets (Rs. In Lakhs) 685,883.90
Portfolio Turnover Ratio (Last 1 Year) 50.95%
+ Industry Classification as recommended by AMFI, Portfolio Turnover Ratio (Last 1 Year) 24.38%
✤ Past performance is no guarantee of future results. + Industry Classification as recommended by AMFI
Please refer to page no 31 for details on the Rating Methodology
Total outstanding position (as at March 31, 2010) in Derivative Instruments
(Hero Honda Motors Ltd. NSE April 2010 Futures) (Gross Notional) Rs. 3,595.20 lakhs Industry Allocation of Equity Holding (% of Net Assets)
Industry Allocation of Equity Holding (% of Net Assets) Pharmaceuticals 16.43 Consumer Durables 3.08
Banks 23.25 Auto 3.40 Banks 15.96 Transportation 2.46
Consumer Non Durables 8.75 Gas 2.39 Software 12.78 Chemicals 2.37
Pharmaceuticals 8.65 Ferrous Metals 2.30 Consumer Non Durables 10.37 Telecom - Services 1.98
Software 8.59 Transportation 2.00
Construction Project 6.97 Media & Entertainment 1.91 Petroleum Products 7.94 Media & Entertainment 1.74
Finance 5.14 Telecom - Services 1.69 Industrial Capital Goods 7.06 Gas 1.41
Industrial Capital Goods 5.10 Diversified 1.22 Auto Ancillaries 3.73 Power 1.39
Oil 4.85 Auto Ancillaries 0.72
Petroleum Products 4.31 Hardware 0.46 Finance 3.29 Oil 1.31
Power 3.99 Cement 0.16 Auto 3.15 Textile Products 0.52

HDFC Core & Satellite Fund HDFC Premier

An open-ended growth scheme Multi-Cap Fund
An open-ended growth scheme
Mar 31, 05 Last 5 Years (1826 days) 12.246 23.91 20.44 Apr 06, 05 Since Inception (1820 days) 10.000 20.96 19.06
Sep 17, 04 Since Inception (2021 days) 10.000 25.90 22.20 ^Past performance may or may not be sustained in the future
^Past performance may or may not be sustained in the future Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are compounded annualized (CAGR). #S&P CNX 500 (Please refer to page no 31)
compounded annualized (CAGR). #BSE 200 ~ Due to an overall sharp rise in stock prices
~ Due to an overall sharp rise in stock prices
Portfolio – Top 10 Holdings (as at March 31, 2010)
Portfolio – Top 10 Holdings (as at March 31, 2010) Company Industry+ / Rating % to NAV
Company Industry+ / Rating % to NAV EQUITY & EQUITY RELATED
EQUITY & EQUITY RELATED Infosys Technologies Ltd. Software 6.50
Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 6.86 Emami Ltd. Consumer Non Durables 5.73
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 5.33 KEC International Ltd. Power 5.34
Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 5.19
Infosys Technologies Ltd. Software 5.27 Zee Entertainment Enterprises Ltd. Media & Entertainment 4.91
LIC Housing Finance Ltd. Finance 5.16 Crompton Greaves Ltd. Industrial Capital Goods 4.18
Tata Consultancy Services Ltd. Software 4.91 Axis Bank Ltd. Banks 4.16
KEC International Ltd. Power 4.58 Container Corporation of India Ltd. Transportation 4.02
Crompton Greaves Ltd. Industrial Capital Goods 4.55
Total of Top Ten Equity Holdings 50.73
Emami Ltd. Consumer Non Durables 4.41
Total Equity & Equity Related Holdings 99.33
Bank of Baroda Banks 4.40 Credit Exposure
Zee Entertainment Enterprises Ltd. Media & Entertainment 4.26 Britannia Industries Ltd. AAA 0.16
Total of Top Ten Equity Holdings 49.73 Total Credit Exposure 0.16
Total Equity & Equity Related Holdings 97.82 Cash, Cash Equivalents and Net Current Assets 0.51
Credit Exposure Grand Total 100.00
Britannia Industries Ltd. AAA 0.25 Net Assets (Rs. In Lakhs) 49,133.97
Total Credit Exposure 0.25
Segmentwise Break-up of Equity Holding (% of Net Assets)
Cash, Cash Equivalents and Net Current Assets 1.93
Grand Total 100.00 Large-Cap 35.52
Mid-Cap 63.82
Portfolio Turnover Ratio (Last 1 Year) 38.33% + Industry Classification as recommended by AMFI
+ Industry Classification as recommended by AMFI
Industry Allocation of Equity Holding (% of Net Assets)
Banks 16.03 Finance 2.17
Pharmaceuticals 17.16 Consumer Durables 2.92 Media & Entertainment 13.92 Industrial Products 1.95
Banks 12.96 Industrial Products 2.88 Software 12.95 Construction Project 1.59
Media & Entertainment 12.69 Construction 2.83 Pharmaceuticals 10.65 Auto Ancillaries 1.59
Software 10.19 Construction Project 2.79 Power 8.19 Petroleum Products 1.58
Consumer Non Durables 7.26 Ferrous Metals 1.29
Consumer Non Durables 6.80 Textiles - Synthetic 2.06 Oil 5.23 Gas 1.00
Auto Ancillaries 6.22 Chemicals 2.04 Industrial Capital Goods 4.18 Paper Products 0.53
Finance 5.97 Engineering 0.92 Transportation 4.02 Construction 0.25
Power 4.58 Oil 0.26 Telecom - Services 2.54 Engineering 0.07
Industrial Capital Goods 4.55 Chemicals 2.34

HDFC Index Fund HDFC Index Fund

An open-ended index linked scheme An open-ended index linked scheme
SENSEX Plan (Face Value per Unit: Rs. 32.161) NIFTY Plan (Face Value per Unit: Rs. 10.326)
Relative Performance ^ Relative Performance ^
Jul 17, 02 Since Inception (2814 days) 32.1610^^ 21.64 27.37 Jul 17, 02 Since Inception (2814 days) 10.3260^^ 21.28 25.35
^Past performance may or may not be sustained in the future ^Past performance may or may not be sustained in the future
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
compounded annualized (CAGR). compounded annualized (CAGR).
^^Face Value per Unit #SENSEX (Total Returns Index) (Please refer to page no 31) #S&P CNX Nifty (Total Returns Index) (Please refer to page no 31)
~ Due to an overall sharp rise in stock prices ^^Face Value per Unit ~ Due to an overall sharp rise in stock prices
Company Industry+ % to NAV Company Industry+ % to NAV
Reliance Industries Ltd. Petroleum Products 13.30 Reliance Industries Ltd. Petroleum Products 11.90
Infosys Technologies Ltd. Software 9.65 Infosys Technologies Ltd. Software 8.25
Housing Development Finance Corporation Ltd. $ Finance 4.50
HDFC Bank Ltd. Banks 5.34 ITC Ltd. Consumer Non Durables 4.46
ITC Ltd. Consumer Non Durables 5.30 HDFC Bank Ltd. Banks 4.39
Housing Development Finance Corporation Ltd. $ Finance 5.29 State Bank of India Banks 3.51
State Bank of India Banks 4.50 Tata Consultancy Services Ltd. Software 2.58
Oil & Natural Gas Corporation Ltd. Oil 3.56 Tata Steel Ltd. Ferrous Metals 2.53
Tata Consultancy Services Ltd. Software 3.47 Total of Top Ten Equity Holdings 55.47
Total of Top Ten Equity Holdings 65.09 Total Equity & Equity Related Holdings 99.84
Grand Total 100.00
Grand Total 100.00
Portfolio Turnover Ratio (Last 1 Year) 165.06% Portfolio Turnover Ratio (Last 1 Year) 174.28%
+ Industry Classification as recommended by AMFI, $ Sponsor + Industry Classification as recommended by AMFI, $ Sponsor
Banks 17.88 Telecom - Services 4.08 Banks 17.61 Industrial Capital Goods 4.11
Software 14.69 Oil 3.56 Software 12.71 Telecom - Services 3.93
Petroleum Products 13.30 Cement 3.53 Petroleum Products 12.34 Non - Ferrous Metals 3.79
Construction Project 6.64 Industrial Capital Goods 3.09 Construction Project 6.41 Cement 3.64
Auto 6.37 Ferrous Metals 2.97 Finance 6.06 Oil 3.29
Consumer Non Durables 5.30 Diversified 1.98 Ferrous Metals 5.29 Pharmaceuticals 2.47
Finance 5.29 Pharmaceuticals 1.12 Auto 5.16 Diversified 1.64
Power 4.68 Construction 0.99 Consumer Non Durables 4.46 Construction 1.39
Non - Ferrous Metals 4.26 Power 4.33 Gas 1.21
Tracking Error Since Inception (Annualised) 2.41% Tracking Error Since Inception (Annualised) 2.69%

HDFC Index Fund HDFC Arbitrage Fund

An open-ended index linked scheme An open-ended equity fund
NAV (as at March 31, 2010) NAV per Unit (Rs.)

SENSEX Plus Plan (Face Value per Unit: Rs. 32.161)
Retail Plan
Growth Option 11.592
NAV (as at March 31, 2010) NAV per Unit (Rs.)
Dividend Option (Erstwhile Monthly Dividend Option) 10.070
Growth Option 205.3075 Quarterly Dividend Option 10.414
Wholesale Plan
Relative Performance ^ Growth Option 11.663
Dividend Option (Erstwhile Monthly Dividend Option) 10.018
Quarterly Dividend Option 10.439
Relative Performance ^ – Growth Option

Date Period NAV Returns Benchmark
per Unit (Rs.) (%)^ Returns (%)#
Retail Plan
Sep 30, 09 Last Six months (182 days) 11.399 1.69 1.60
Mar 31, 09 Last 1 Year (365 days) 11.161 3.86 3.69
Oct 23, 07 Since Inception (890 days) 10.000 6.25 6.32
Wholesale Plan
per Unit (Rs.) (%)^ Returns (%)#
Sep 30, 09 Last Six months (182 days) 198.6737 3.34 2.59 Oct 23, 2007 Since Inception (890 days) 10.000 6.51 6.32
Mar 31, 09 Last 1 Year (365 days) 111.6689 83.85~ 82.24
Mar 30, 07 Last 3 Years (1097 days) 139.6810 13.67 11.76 ^Past performance may or may not be sustained in the future
Mar 31, 05 Last 5 Years (1826 days) 70.8500 23.70 24.46 Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
Jul 17, 02 Since Inception (2814 days) 32.1610^^ 27.18 27.37 Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
compounded annualized (CAGR). #CRISIL Liquid Fund Index
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
compounded annualized (CAGR).
Portfolio – Top Holdings (as at March 31, 2010)
#SENSEX (Total Returns Index) (Please refer to page no 31)
Company / Issuer Industry+ / Rating % to NAV
^^ Face Value per Unit ~ Due to an over all sharp rise in the stock prices
EQUITY & EQUITY RELATED (Quantity fully hedged using futures / options)
Portfolio – Top 10 Holdings (as at March 31, 2010) Century Textiles & Industries Ltd. Cement 2.82
Reliance Industries Ltd. Petroleum Products 2.65
Company Industry+ % to NAV Oil & Natural Gas Corporation Ltd. Oil 2.29
Jindal Steel & Power Ltd. Ferrous Metals 2.00
EQUITY & EQUITY RELATED Punj Lloyd Ltd. Construction Project 1.95
Infosys Technologies Ltd. Software 11.11 GTL Ltd. Telecom - Equipment &
ICICI Bank Ltd. Banks 9.15 Accessories 1.89
NTPC Ltd. Power 1.85
Reliance Industries Ltd. Petroleum Products 8.52 Reliance Infrastruture Ltd. Power 1.84
State Bank of India Banks 7.17 IFCI Ltd. Finance 1.75
Larsen & Toubro Ltd. Construction Project 5.74 MphasiS Ltd. Software 1.63
Housing Development Finance Corporation Ltd. $ Finance 4.40 Money Market Instruments
HDFC Bank Ltd. Banks 3.86 Andhra Bank F1+(IND) 3.10
Kotak Mahindra Prime Ltd. P1+ 1.24
Indian Oil Corporation Ltd. P1+ 0.31
Bharat Heavy Electricals Ltd. Industrial Capital Goods 3.39 Total Money Market Instruments
Total of Top Ten Equity Holdings 62.48 (aggregated holdings in a single issuer) 4.65
Total Equity & Equity Related Holdings 97.12 Short Term Deposits as margin for Futures & Options 28.39
Cash margin 0.14
Other Cash, Cash Equivalents and Net Current Assets 0.66
Net Assets (Rs. In Lakhs) 5,569.33 Net Assets (Rs. In Lakhs) 78,463.22
+ Industry Classification as recommended by AMFI, $ Sponsor
Power 6.11 Fertilisers 1.47
Petroleum Products 5.88 Gas 1.06
Industry Allocation of Equity Holding (% of Net Assets) Cement 5.24 Media & Entertainment 0.79
Banks 22.58 Telecom - Services 3.17 Banks 4.59 Transportation 0.72
Finance 4.13 Hotels 0.59
Software 15.09 Transportation 2.33 Construction Project 4.09 Auto 0.57
Pharmaceuticals 9.21 Power 2.31 Oil 4.00 Electrical Components & Equipments 0.51
Petroleum Products 8.52 Auto Ancillaries 2.23 Software 3.51 Hardware 0.39
Construction 3.18 Engineering 0.36
Construction Project 5.74 Ferrous Metals 2.19 Ferrous Metals 3.01 Industrial Products 0.27
Finance 4.40 Diversified 1.74 Consumer Non Durables 2.96 Aviation 0.24
Auto 4.11 Cement 0.97 Telecom - Services 2.88 Healthcare 0.21
Oil 3.64 Industrial Products 0.90 Telecom - Equipment & Accessories 2.70 Auto Ancillaries 0.13
Pharmaceuticals 2.61 Diversified - Others 0.10
Consumer Non Durables 3.42 Non - Ferrous Metals 0.63 Industrial Capital Goods 2.12 Non - Ferrous Metals 0.07
Industrial Capital Goods 3.39 Construction 0.55 Textile Products 1.67

HDFC Balanced Fund IN HYBRID EQUITY - ORIENTED CATEGORY HDFC IN HYBRID EQUITY - ORIENTED CATEGORY
(30 schemes) for 3 and 5 year (30 schemes) for 3 and 5 year
periods ending March 31, 2010 Prudence Fund periods ending March 31, 2010
An open-ended balanced scheme An open-ended balanced scheme

per Unit (Rs.) (%)^ Returns (%)# per Unit (Rs.) (%)$$^ Returns (%)#
Mar 31, 05 Last 5 Years (1826 days) 59.263 25.15 15.91
Mar 31, 05 Last 5 Years (1826 days) 19.969 18.76 15.91 Mar 31, 00 Last 10 Years (3652 days) 20.540 24.37 N.A.
Sep 11, 00 Since Inception (3488 days) 10.000 17.63 N.A. Feb 01, 94 Since Inception (5902 days) 10.000 21.57 N.A.
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
compounded annualized (CAGR). #CRISIL Balanced Fund Index
compounded annualized (CAGR). N.A. Not Available $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options
#CRISIL Balanced Fund Index ~ Due to an over all sharp rise in the stock prices have been reinvested in the units of the Scheme at the then prevailing NAV (applicable
ex-dividend NAV). ~Due to an over all sharp rise in the stock prices N.A. Not Available
Portfolio – Top Holdings (as at March 31, 2010)
EQUITY & EQUITY RELATED
Coromandel International Ltd. Fertilisers 5.72 ICICI Bank Ltd. Banks 3.47
Tata Consultancy Services Ltd. Software 4.19 Bank of Baroda Banks 3.27
Balkrishna Industries Ltd. Auto Ancillaries 4.12 State Bank of India Banks 3.16
Crompton Greaves Ltd. Industrial Capital Goods 4.01 Titan Industries Ltd. Consumer Non Durables 2.40
Ipca Laboratories Ltd. Pharmaceuticals 3.62 LIC Housing Finance Ltd. Finance 2.11
3M India Ltd. Trading 1.94
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 3.61 Procter & Gamble Hygiene and Health Care Ltd. Consumer Non Durables 1.90
Infosys Technologies Ltd. Software 3.51 Pidilite Industries Ltd. Chemicals 1.87
Biocon Ltd. Pharmaceuticals 3.06 NTPC Ltd. Power 1.79
Bank of Baroda Banks 3.00 Total of Top Ten Equity Holdings 24.83
Larsen & Toubro Ltd. Construction Project 2.83 Total Equity & Equity Related Holdings 74.54
Government Securities, Money Market Instruments & Other Credit Exposures
Total of Top Ten Equity Holdings 37.67 Government Securities Sovereign 6.68
Total Equity & Equity Related Holdings 68.31 Indian Railways Finance Corporation Ltd. AAA 3.40
Credit Exposures Housing Development Finance Corporation Ltd. $ AAA 2.19
State Bank of India AAA 1.74
Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 10.57 Power Finance Corporation Ltd. AAA 1.72
LIC Housing Finance Ltd. AAA 4.03 Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 1.70
Kotak Mahindra Bank Ltd. P1+ 1.35
Housing Development Finance Corporation Ltd. $ AAA 3.36 Indian Oil Corporation Ltd. AAA 1.34
Shriram Transport Finance Co. Ltd. AA(SO) 2.65 Rural Electrification Corporation Ltd. AAA 0.81
Grasim Industries Ltd. AAA(SO) 2.45 Punjab National Bank AAA 0.57
Total of Top Ten Government Securities,
State Bank of India AAA 1.80 Money Market Instruments & Other Credit Exposures
Bajaj Auto Ltd. AAA(SO) 1.49 (aggregated holdings in a single issuer) 21.50
Reliance Industries Ltd. AAA(SO) 0.34 Total Government Securities, Money Market Instruments
Total Credit Exposures & Other Credit Exposures 23.63
(aggregated holdings in a single issuer) 26.69
Grand Total 100.00
Cash, Cash Equivalents and Net Current Assets 5.00 Net Assets (Rs. In Lakhs) 371,045.75
Grand Total 100.00
Net Assets (Rs. In Lakhs) 14,891.52 Portfolio Turnover Ratio (Last 1 Year) 52.35%
+ Industry Classification as recommended by AMFI $ Sponsor
Portfolio Turnover Ratio (Last 1 Year) 19.80% ✤ Past performance is no guarantee of future results.
+ Industry Classification as recommended by AMFI, Please refer to page no 31 for details on the Rating Methodology
$ Sponsor
✤ Past performance is no guarantee of future results. Industry Allocation of Equity Holding (% of Net Assets)
Banks 13.62 Textile Products 1.99
Industry Allocation of Equity Holding (% of Net Assets) Consumer Non Durables 10.72 Trading 1.94
Pharmaceuticals 6.50 Construction 1.48
Pharmaceuticals 12.58 Construction Project 2.83 Media & Entertainment 5.66 Gas 1.44
Software 7.70 Construction 2.39 Finance 4.00 Auto 0.88
Banks 7.65 Power 2.38 Oil 3.74 Petroleum Products 0.83
Power 3.36 Ferrous Metals 0.78
Auto Ancillaries 6.94 Consumer Durables 1.59 Software 3.12 Retailing 0.73
Industrial Capital Goods 6.82 Chemicals 1.35 Auto Ancillaries 2.89 Paper Products 0.48
Fertilisers 5.72 Telecom - Services 0.94 Chemicals 2.87 Consumer Durables 0.39
Industrial Capital Goods 2.56 Textiles - Synthetic 0.15
Consumer Non Durables 4.39 Industrial Products 0.93 Construction Project 2.29 Engineering 0.05
Petroleum Products 4.10 Industrial Products 2.07

HDFC Children’s Gift Fund HDFC Children’s Gift Fund

An open-ended balanced scheme An open-ended balanced scheme
Investment Plan Savings Plan
Relative Performance ^ Relative Performance ^
per Unit (Rs.) (%)^$ Returns (%)# per Unit (Rs.) (%)^$ Returns (%)#
Mar 02, 01 Since Inception (3316 days) 10.000 17.90 N.A. Mar 02, 01 Since Inception (3316 days) 10.000 11.38 N.A.
compounded annualized (CAGR). N.A. Not Available compounded annualized (CAGR). N.A. Not Available
#CRISIL Balanced Fund Index $ Adjusted for bonus units declared under the scheme #CRISIL MIP Blended Index $ Adjusted for bonus units declared under the scheme
~Due to an over all sharp rise in the stock prices ~Due to an over all sharp rise in the stock prices
Portfolio – Top Holdings (as at March 31, 2010) Portfolio – Top 10 Holdings (as at March 31, 2010)
Company / Issuer Industry+ / Rating % to NAV Company / Issuer Industry+ / Rating % to NAV
Coromandel International Ltd. Fertilisers 4.18 IPCA Laboratories Ltd. Pharmaceuticals 1.67
LIC Housing Finance Ltd. Finance 3.46 Banco Products (India) Ltd. Auto Ancillaries 1.48
Axis Bank Ltd. Banks 3.35 Infosys Technologies Ltd. Software 1.40
Crompton Greaves Ltd. Industrial Capital Goods 3.29 Crompton Greaves Ltd. Industrial Capital Goods 1.36
ICICI Bank Ltd. Banks 3.24 Crisil Ltd. Finance 1.30
VST Industries Ltd. Consumer Non Durables 3.03 TTK Prestige Ltd. Consumer Durables 1.11
Reliance Industries Ltd. Petroleum Products 3.02 Ceat Ltd. Auto Ancillaries 1.10
Lupin Ltd. Pharmaceuticals 2.87 Coromandel International Ltd. Fertilisers 1.09
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.61 ICICI Bank Ltd. Banks 0.91
Total of Top Ten Equity Holdings 31.87 Total of Top Ten Equity Holdings 12.46
Total Equity & Equity Related Holdings 69.98 Total Equity & Equity Related Holdings 18.94
Credit Exposures Credit Exposures
Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 6.02 Shriram Transport Finance Co. Ltd. AA(ind)/AA(SO)/AA+(SO) 13.52
Shriram Transport Finance Co. Ltd. AA(ind)/AA(SO) 5.33 Housing Development Finance Corporation Ltd. $ AAA 9.91
Indian Railways Finance Corporation Ltd. AAA 8.38
ICICI Bank Ltd. AAA 3.56
Grasim Industries Ltd. AAA(SO) 7.53
LIC Housing Finance Ltd. AAA 6.61
Jet Airways (India) Ltd. AAA(SO) 2.19
ICICI Bank Ltd. AAA 6.02
Housing Development Finance Corporation Ltd. $ AAA 1.35
Power Finance Corporation Ltd. AAA 4.63
Tata Motors Finance Ltd. A+ 1.33 State Bank of India AAA 4.43
Bajaj Auto Ltd. AAA(SO) 0.59 Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 3.47
Tata Motors Finance Ltd. (ABS Pool) AAA(SO) 0.52
Citi Financial Consumer Finance (India) Ltd. AA 3.35
Britannia Industries Ltd. AAA 0.13
Total of Top Ten Credit Exposures
Total ot Top Ten Credit Exposures
Total Credit Exposures 74.01
Total Credit Exposures 23.26
Grand Total 100.00
Grand Total 100.00
Average Maturity 2.33 years (other than equity investments)
+ Industry Classification as recommended by AMFI, $ Sponsor Modified Duration 1.65 years (other than equity investments)
Banks 12.80 Industrial Products 3.71
Pharmaceuticals 12.03 Petroleum Products 3.02 Auto Ancillaries 3.97 Finance 1.30
Consumer Non Durables 7.21 Auto 2.57 Pharmaceuticals 3.24 Fertilisers 1.09
Auto Ancillaries 5.09 Consumer Durables 2.02 Consumer Durables 1.95 Industrial Products 0.92
Industrial Capital Goods 4.87 Media & Entertainment 1.30 Consumer Non Durables 1.94 Banks 0.91
Finance 4.58 Construction Project 1.30 Software 1.40 Construction 0.86
Software 4.27 Telecom - Services 1.03 Industrial Capital Goods 1.36
Fertilisers 4.18

HDFC Long Term HDFC IN EQUITY - TAX PLANNING CATEGORY

(28 schemes) for 3 and 5 year
Advantage Fund TaxSaver periods ending March 31, 2010
An open-ended equity linked savings scheme with a lock-in period of 3 years An open-ended equity linked savings scheme with a lock-in period of 3 years
per Unit (Rs.) (%)^ Returns (%)# per Unit (Rs.) (%)$$^ Returns (%)#
Jan 02, 01 Since Inception (3375 days) 10.000 30.72 17.27 Mar 31, 96 Since Inception (5113 days) 10.000 32.57 13.86
compounded annualized (CAGR). #SENSEX compounded annualized (CAGR). #S&P CNX 500 (Please refer to page no 31)
~Due to an over all sharp rise in the stock prices $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options
have been reinvested in the units of the Scheme at the then prevailing NAV (applicable
ex-dividend NAV). ~Due to an over all sharp rise in the stock prices
Company Industry+ / Rating % to NAV Portfolio – Top 10 Holdings (as at March 31, 2010)
EQUITY & EQUITY RELATED Company Industry+ / Rating % to NAV
ICICI Bank Ltd. Banks 6.81 EQUITY & EQUITY RELATED
Tata Consultancy Services Ltd. Software 5.41 ICICI Bank Ltd. Banks 5.48
Infosys Technologies Ltd. Software 5.18 Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 4.45
State Bank of India Banks 4.57 Crompton Greaves Ltd. Industrial Capital Goods 4.43
Reliance Industries Ltd. Petroleum Products 4.18 State Bank of India Banks 4.11
Exide Industries Ltd. Auto Ancillaries 3.68 Tata Consultancy Services Ltd. Software 3.49
Crompton Greaves Ltd. Industrial Capital Goods 3.63 Axis Bank Ltd. Banks 3.49
Hero Honda Motors Ltd. Auto 3.31 Rural Electrification Corporation Ltd. Finance 3.23
Blue Star Ltd. Consumer Durables 3.27
Patni Computer Systems Ltd. Software 2.88
GlaxoSmithKline Consumer Healthcare Ltd. Consumer Non Durables 3.20 Total of Top Ten Equity Holdings 38.72
Total of Top Ten Equity Holdings 43.24 Total Equity & Equity Related Holdings 92.23
Total Equity & Equity Related Holdings 97.23 Money Market Instruments & Other Credit Exposures
Credit Exposure Kotak Mahindra Bank Ltd. P1+ 4.88
Britannia Industries Ltd. AAA 0.15 Britannia Industries Ltd. AAA 0.15
Total Credit Exposure 0.15 Total Money Market Instruments
Cash, Cash Equivalents and Net Current Assets 2.62 & Other Credit Exposures 5.03
Grand Total 100.00
Grand Total 100.00
Portfolio Turnover Ratio (Last 1 Year) 21.53% + Industry Classification as recommended by AMFI
+ Industry Classification as recommended by AMFI ✤ Past performance is no guarantee of future results.
Banks 14.33 Consumer Durables 3.27 Pharmaceuticals 16.55 Transportation 2.14
Software 10.60 Oil 3.06 Banks 16.51 Industrial Products 1.57
Consumer Non Durables 9.93 Chemicals 2.84 Software 9.36 Auto 1.41
Pharmaceuticals 9.39 Industrial Products 2.81 Finance 6.85 Telecom - Services 1.29
Industrial Capital Goods 6.83 Power 1.17
Auto Ancillaries 7.64 Telecom - Services 2.75 Consumer Non Durables 6.48 Chemicals 0.95
Industrial Capital Goods 6.92 Media & Entertainment 2.53 Media & Entertainment 5.32 Construction 0.83
Construction Project 6.51 Finance 2.39 Auto Ancillaries 4.74 Gas 0.66
Construction Project 3.43 Paper Products 0.41
Petroleum Products 5.57 Transportation 2.25 Petroleum Products 2.81 Trading 0.12
Auto 3.31 Pesticides 1.13 Oil 2.74 Engineering 0.06

HDFC Long Term Equity Fund HDFC Mid-Cap Opportunities Fund

A 5 year close-ended Equity Scheme with automatic conversion into an A 3 year close-ended Equity Scheme with automatic conversion into an
Open-ended scheme upon maturity Open-ended scheme upon maturity

Jun 25, 07 Since Inception (1010 days) 10.000 10.22 10.62
Feb 10, 06 Since Inception (1510 days) 10.000 8.69 14.23
compounded annualized (CAGR). #S&P CNX Nifty (Please refer to page no 31) compounded annualized (CAGR).
~Due to an over all sharp rise in the stock prices #CNX MIdcap (Please refer to page no 31) ~Due to an over all sharp rise in the stock prices
Company / Issuer Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
ICICI Bank Ltd. Banks 6.87 IPCA Laboratories Ltd. Pharmaceuticals 4.18
State Bank of India Banks 5.59 Crompton Greaves Ltd. Industrial Capital Goods 3.89
Oil & Natural Gas Corporation Ltd. Oil 5.52 Patni Computer Systems Ltd. Software 3.51
ITC Ltd. Consumer Non Durables 4.53 GlaxoSmithKline Consumer Healthcare Ltd. Consumer Non Durables 3.49
Biocon Ltd. Pharmaceuticals 4.52 V.I.P. Industries Ltd. Consumer Non Durables 3.26
Zee Entertainment Enterprises Ltd. Media & Entertainment 4.49 Exide Industries Ltd. Auto Ancillaries 3.19
Crompton Greaves Ltd. Industrial Capital Goods 4.37 Marico Ltd. Consumer Non Durables 3.13
Sadbhav Engineering Ltd. Construction 4.24 Axis Bank Ltd. Banks 2.72
GAIL (India) Ltd. Gas 3.97 Bharat Electronics Ltd. Industrial Capital Goods 2.62
Britannia Industries Ltd. Consumer Non Durables 3.67 Amara Raja Batteries Ltd. Auto Ancillaries 2.60
Total of Top Ten Equity Holdings 47.77 Total of Top Ten Equity Holdings 32.59
Total Equity & Equity Related Holdings 95.40 Total Equity & Equity Related Holdings 95.05
Credit Exposure Credit Exposure
Britannia Industries Ltd. AAA 0.39 Britannia Industries Ltd. AAA 0.21
Total Credit Exposure 0.39 Total Credit Exposure 0.21
Cash margin / Earmarked cash for Futures & Options 0.05 Cash, Cash Equivalents and Net Current Assets 4.74
Other Cash, Cash Equivalents and Net Current Assets 4.16 Grand Total 100.00
Grand Total 100.00 Net Assets (Rs. In Lakhs) 128,854.27
Pharmaceuticals 15.30 Power 4.29 Pharmaceuticals 13.93 Construction Project 2.81
Banks 12.46 Industrial Products 3.87 Consumer Non Durables 12.47 Consumer Durables 1.98
Construction 10.20 Construction Project 1.95 Auto Ancillaries 11.65 Chemicals 1.95
Consumer Non Durables 8.20 Retailing 1.69 Banks 10.80 Transportation 1.81
Oil 7.92 Engineering 1.40 Industrial Products 9.92 Power 1.36
Industrial Capital Goods 6.88 Chemicals 1.17 Industrial Capital Goods 6.51 Gas 1.36
Media & Entertainment 6.64 Cement 1.05 Finance 4.76 Construction 1.26
Gas 5.86 Finance 0.78 Software 3.99 Pesticides 1.22
Petroleum Products 5.03 Auto Ancillaries 0.71 Petroleum Products 3.44 Ferrous Metals 0.56
Media & Entertainment 3.27
Dividend History ^
Segmentwise Break-up of Equity Holding (% of Net Assets)
HDFC Long Term Equity Fund Dividend Option Large-Cap 2.72
Mid-Cap 85.31
Record Cum Div Dividend Per unit (Rs.) For Record Cum Div Dividend Per unit (Rs.) For
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others Small-Cap 7.02
May 28, 07 11.6670 1.00 1.00
^ Past performance may or may not be sustained in the future.
All dividends are on face value of Rs.10 per Unit. After payment of the dividend, the per Unit NAV will fall to
the extent of the payout and statutory levy.
Std Deviation Beta Sharpe Ratio*

Risk Ratio (for the 3-yr period ended March 31, 2010) 8.98% 0.8793 0.09
Source : CRISIL Fund Analyser
* Risk-free rate assumed to be 5.00% (364-day Treasury Bill yield on 31-03-10)

HDFC Infrastructure Fund Dividend History ^

A 3 year close-ended Equity Scheme with automatic conversion into an
Open-ended scheme upon maturity HDFC Growth Fund (Past 3 years) Dividend Option
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
NAV (as at March 31, 2010) NAV per Unit (Rs.) Feb 26, 09 17.949 2.25 2.25
Growth Option 11.191 Feb 25, 10 30.043 2.75 2.75
Dividend Option 11.191
HDFC Equity Fund (Past 3 years) Dividend Option
Relative Performance ^ (Growth Option) Record Cum Div Dividend Per unit (Rs.) For Record Cum Div Dividend Per unit (Rs.) For
Date Period NAV Returns Benchmark Mar 07, 08 45.447 5.50 5.50 Mar 25, 10 46.947 4.00 4.00
per Unit (Rs.) (%)^ Returns (%)# Mar 19, 09 23.253 3.00 3.00
Mar 31, 09 Last 1 Year (365 days) 5.182 115.96~ 87.95 HDFC Top 200 Fund (Past 3 years) Dividend Option
Mar 10, 08 Since Inception (751 days) 10.000 5.62 4.65 Record Cum Div Dividend Per unit (Rs.) For Record Cum Div Dividend Per unit (Rs.) For
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable Feb 07, 08 48.129 5.00 5.00 Mar 11, 10 46.578 4.00 4.00
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Mar 05, 09 23.364 3.00 3.00
#S&P CNX 500 (Please refer to page no 31) ~Due to an over all sharp rise in the stock prices HDFC Capital Builder Fund (Past 3 years) Dividend Option
Portfolio – Top 10 Holdings (as at March 31, 2010) Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
Company Industry+ % to NAV Feb 07, 08 30.891 3.50 3.50 Feb 25, 10 23.986 2.25 2.25
Mar 05, 09 12.936 2.00 2.00
State Bank of India Banks 7.84 HDFC Core & Satellite Fund HDFC Premier Multi-Cap Fund
Dividend Option (Past 3 years)
(Past 3 years) Dividend Option
IRB Infrastructure Developers Ltd. Transportation 6.74 Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
Crompton Greaves Ltd. Industrial Capital Goods 5.52 Jan 10, 08 28.229 3.00 3.00 Feb 21, 08 17.516 2.00 2.00
Bank of Baroda Banks 5.35 Feb 18, 10 23.197 4.00 4.00 Feb 11, 10 16.802 3.00 3.00
LIC Housing Finance Ltd. Finance 4.86 HDFC Arbitrage Fund
KEC International Ltd. Power 3.97 Dividend Option (erstwhile monthly dividend option (Past 3 quarters)
Axis Bank Ltd. Banks 3.90 Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For
Larsen & Toubro Ltd. Construction Project 3.53 Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
Total of Top Ten Equity Holdings 54.14 Retail Option Wholesale Option
Mar 25, 10 10.4060 0.3550 0.3550 Sep 25, 09 10.1240 0.1240 0.1240
Mar 25, 10 10.0670 0.0670 0.0670
Quarterly (Dividend Option) (Past 3 years)
Grand Total 100.00
Net Assets (Rs. In Lakhs) 152,365.97 Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For
Retail Option Wholesale Option
Dec 26, 08 10.2890 0.2890 0.2890 Dec 26, 08 10.2950 0.2950 0.2950
Mar 25, 09 10.1120 0.1120 0.1120 Mar 25, 09 10.1190 0.1190 0.1190
HDFC Balanced Fund (Past 3 years) Dividend Option

Portfolio Turnover Ratio (Last 1 Year) 20.01% Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
+ Industry Classification as recommended by AMFI Feb 26, 09 12.326 1.50 1.50
Mar 04, 10 20.455 2.25 2.25
HDFC Prudence Fund (Past 3 years) Dividend Option
Banks 28.73 Oil 4.87
Record Date NAV per Unit (Rs.) Dividend Record Cum Div Dividend Per unit (Rs.) For
Transportation 11.07 Gas 2.41
Cum Dividend Per Unit (Rs.) Date NAV (Rs.) Individuals & HUF Others
Construction Project 9.42 Pharmaceuticals 2.33
Feb 21, 08 33.503 5.00 5.00 Mar 18, 10 31.238 3.50 3.50
Industrial Capital Goods 8.33 Auto Ancillaries 2.13
Mar 19, 09 17.393 2.50 2.50
Power 7.18 Petroleum Products 1.77
Finance 6.42 Consumer Durables 1.34
Construction 5.60 Engineering 0.07 HDFC Long Term Advantage Fund (Past 3 years) Dividend Option
(An open-ended equity linked savings scheme with a lock-in period of 3 years)
Media & Entertainment 5.05
Jan 10, 08 56.171 6.00 6.00 Feb 11, 10 36.565 3.75 3.75
Feb 26, 09 21.698 3.50 3.50
HDFC TaxSaver (Past 3 years) Dividend Option

(An open-ended equity linked savings scheme with a lock-in period of 3 years)
Mar 07, 08 66.092 8.00 8.00 Mar 04, 10 61.914 6.00 6.00
Mar 05, 09 31.155 5.00 5.00
All dividends are on face value of Rs.10 per Unit. After payment of the dividend, the per Unit NAV falls to the
extent of the payout and statutory levy, if any.

hdfc-sip.qxd 4/8/2010 6:22 PM Page 1
Benefits of Systematic Investment Plan (SIP)

The Terms & Conditions of the SIP facility have been revamped effective September 1, HDFC PRUDENCE FUND
2004 and January 3, 2005 and it is now more flexible and convenient for investors. SIP Investments Since 10 year 5 Year 3 Year 1 Year
To illustrate the advantages of SIP investments, this is how your investments would Inception SIP SIP SIP SIP
have grown if you had invested say Rs. 1,000 systematically on the first Business Total Amount Invested (Rs. ‘000) 194.00 120.00 60.00 36.00 12.00
Day of every month over a period of time. Mkt Value as on March 31, 2010 (Rs. ‘000) 1,956.65 537.65 103.90 52.53 15.30
Returns (Annualised)* (%) 25.04 28.25 22.15 26.20 55.13
HDFC GROWTH FUND Benchmark Returns (Annualised) (%) # N.A. N.A. 13.21 13.09 23.34
SIP Investments Since Inception 5 Year SIP 3 Year SIP 1 Year SIP
# CRISIL Balanced Fund Index N.A. Not Available
Total Amount Invested (Rs. ‘000) 115.00 60.00 36.00 12.00 Past performance may or may not be sustained in the future.
Mkt Value as on March 31, 2010 (Rs. ‘000) 501.51 99.65 47.94 14.85
Returns (Annualised)* (%) 29.11 20.42 19.56 47.17 HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN
Benchmark Returns (Annualised) (%) # 21.24 15.62 14.87 34.51 SIP Investments Since Inception 5 Year SIP 3 Year SIP 1 Year SIP
# SENSEX Total Amount Invested (Rs. ‘000) 109.00 60.00 36.00 12.00
Past performance may or may not be sustained in the future. Mkt Value as on March 31, 2010 (Rs. ‘000) 254.45 86.64 48.17 14.87
Returns (Annualised)* (%) 17.94 14.70 19.91 47.46
HDFC EQUITY FUND Benchmark Returns (Annualised) (%) # N.A. 13.21 13.09 23.34
SIP Investments Since 10 year 5 Year 3 Year 1 Year # CRISIL Balanced Fund Index N.A. Not Available
Inception SIP SIP SIP SIP Past performance may or may not be sustained in the future.
Total Amount Invested (Rs. ‘000) 183.00 120.00 60.00 36.00 12.00
Mkt Value as on March 31, 2010 (Rs. ‘000) 2,501.61 676.09 107.90 53.44 15.56 HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN
Returns (Annualised)* (%) 30.09 32.50 23.72 27.47 59.75 SIP Investments Since Inception 5 Year SIP 3 Year SIP 1 Year SIP
Benchmark Returns (Annualised) (%) # 16.64 21.27 15.20 16.30 38.49 Total Amount Invested (Rs. ‘000) 109.00 60.00 36.00 12.00
# S&P CNX 500 (Please refer to page no 31) Mkt Value as on March 31, 2010 (Rs. ‘000) 179.74 78.22 43.96 13.21
Past performance may or may not be sustained in the future. Returns (Annualised)* (%) 10.68 10.56 13.44 19.36
Benchmark Returns (Annualised) (%) # N.A. 8.16 8.36 8.80
HDFC TOP 200 FUND
SIP Investments Since 10 year 5 Year 3 Year 1 Year # CRISIL MIP Blended Index N.A. Not Available
Inception SIP SIP SIP SIP Past performance may or may not be sustained in the future.
Total Amount Invested (Rs. ‘000) 162.000 120.00 60.00 36.00 12.00 HDFC LONG TERM ADVANTAGE FUND
Mkt Value as on March 31, 2010 (Rs. ‘000) 1,361.65 677.78 108.04 51.94 14.82
Benchmark Returns (Annualised) (%) # 18.38 21.70 16.25 17.09 41.35 Total Amount Invested (Rs. ‘000) 111.00 60.00 36.00 12.00
# BSE 200 Returns (Annualised)* (%) 30.58 15.28 19.51 51.66
Past performance may or may not be sustained in the future. Benchmark Returns (Annualised) (%) # 21.73 15.62 14.87 34.51
HDFC CAPITAL BUILDER FUND # SENSEX

Past performance may or may not be sustained in the future.
SIP Investments Since 10 year 5 Year 3 Year 1 Year
Inception SIP SIP SIP SIP HDFC TAXSAVER
Total Amount Invested (Rs. ‘000) 194.00 120.00 60.00 36.00 12.00 SIP Investments Since 10 year 5 Year 3 Year 1 Year
Mkt Value as on March 31, 2010 (Rs. ‘000) 1,381.34 541.12 97.06 50.76 15.71 Inception SIP SIP SIP SIP
Benchmark Returns (Annualised) (%) # 15.65 21.27 15.20 16.30 38.49 Total Amount Invested (Rs. ‘000) 168.00 120.00 60.00 36.00 12.00
Mkt Value as on March 31, 2010 (Rs. ‘000) 2,536.77 655.51 97.64 51.69 15.67
# S&P CNX 500 (Please refer to page no 31) Returns (Annualised)* (%) 34.39 31.92 19.58 25.01 61.65
Past performance may or may not be sustained in the future. Benchmark Returns (Annualised) (%) # 17.77 21.27 15.20 16.30 38.49
HDFC PREMIER MULTI-CAP FUND # S&P CNX 500 (Please refer to page no 31)
SIP Investments Since Inception 3 Year SIP 1 Year SIP
HDFC MF MIP - SHORT TERM PLAN
Total Amount Invested (Rs. ‘000) 60.00 36.00 12.00
Market Value as on March 31, 2010 (Rs. ‘000) 94.69 50.60 15.66
Returns (Annualised)* (%) 18.33 23.46 61.50 Total Amount Invested (Rs. ‘000) 76.00 60.00 36.00 12.00
Benchmark Returns (Annualised) (%) # 15.20 16.30 38.49 Mkt Value as on March 31, 2010 (Rs. ‘000) 98.82 73.94 41.79 12.77
# S&P CNX 500 (Please refer to page no 31) Benchmark Returns (Annualised) (%) # 8.06 8.16 8.36 8.80
# CRISIL MIP BLENDED INDEX
HDFC CORE & SATELLITE FUND Past performance may or may not be sustained in the future.
HDFC MF MIP - LONG TERM PLAN
Total Amount Invested (Rs. ‘000) 67.00 60.00 36.00 12.00 SIP Investments Since Inception 5 Year SIP 3 Year SIP 1 Year SIP
Returns (Annualised)* (%) 20.98 19.65 25.90 68.09 Total Amount Invested (Rs. ‘000) 76.00 60.00 36.00 12.00
Benchmark Returns (Annualised) (%) # 17.41 16.25 17.09 41.35 Mkt Value as on March 31, 2010 (Rs. ‘000) 115.81 83.78 45.17 13.14
# BSE 200 Benchmark Returns (Annualised) (%) # 8.06 8.16 8.36 8.80
# CRISIL MIP BLENDED INDEX
HDFC BALANCED FUND Past performance may or may not be sustained in the future.
SIP Investments Since Inception 5 Year SIP 3 Year SIP 1 Year SIP * Load is not taken into consideration and the Returns are of Growth Option. Investors are advised
Total Amount Invested (Rs. ‘000) 115.00 60.00 36.00 12.00 to refer to the Relative Performance table furnished in this booklet for non-SIP returns.
Mkt Value as on March 31, 2010 (Rs. ‘000) 317.88 94.55 50.64 14.95 Past performance may or may not be sustained in the future.
Returns (Annualised)* (%) 20.23 18.26 23.52 48.90 Disclaimer: The above investment simulation is for illustrative purposes only and should not be
Benchmark Returns (Annualised) (%) # N.A. 13.21 13.09 23.34 construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee
# CRISIL Balanced Fund Index N.A. Not Available protection against a loss in a declining market.
Past performance may or may not be sustained in the future. Please refer SIP Enrolment Form or contact nearest ISC for SIP Load Structure.

hdfc-dt.qxd 4/8/2010 7:46 PM Page 1
HDFC MF MIP - HDFC MF MIP - In Hybrid - Monthly Income Category
Short Term Plan Long Term Plan (34 schemes) for 3 & 5 year periods
ending March 31, 2010
An open-ended income scheme. Monthly income is not assured and is An open ended income scheme with no assured returns subject to
subject to availability of distributable surplus availability of distributable profits
Monthly Dividend Option 11.2571 Monthly Dividend Option 12.6369
Quarterly Dividend Option 11.4969 Quarterly Dividend Option 12.9242
Relative Performance^(Growth Option) Relative Performance^(Growth Option)

Dec 26, 03 Since Inception (2287 days) 10.0000 8.08 7.24 Dec 26, 03 Since Inception (2287 days) 10.0000 12.66 7.24
^Past Performance may or may not be sustained in the future ^Past Performance may or may not be sustained in the future
compounded annualized (CAGR). #Crisil MIP Blended Index compounded annualized (CAGR). #Crisil MIP Blended Index
~Due to an over all sharp rise in the stock prices ~Due to an over all sharp rise in the stock prices
State Bank of India Banks 1.10
Petronet LNG Ltd. Gas 0.65
Tata Consultancy Services Ltd. Software 0.69
MBL Infrastructure Ltd. Construction 0.55
Procter & Gamble Hygiene and Health Care Ltd. Consumer Non Durables 0.63
Procter & Gamble Hygiene and Health Care Ltd. Consumer Non Durables 0.55
Punj Lloyd Ltd. Construction Project 0.55
Bata India Ltd. Consumer Non Durables 0.59
Trent Ltd. Retailing 0.53
Government Securities, Money Market Instruments
Money Market Instruments & Other Credit Exposures
& Other Credit Exposures
IDBI Bank Ltd. A1+/AA+ 8.22
Government Securities Sovereign 10.81
National Housing Bank AAA 6.80
Canara Bank P1+ 6.69
IDBI Bank Ltd. A1+/AA+ 3.87
State Bank of Patiala AAA/P1+ 3.42
Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 2.65
State Bank of Patiala P1+ 4.17
Power Finance Corporation Ltd. AAA 2.60
State Bank of Hyderabad P1+ 4.09
Rural Electrification Corporation Ltd. AAA 2.53
Shriram Transport Finance Co. Ltd. AA(ind)/AA+(SO) 3.99
Union Bank of India A1+ 2.53
Union Bank of India A1+ 3.37
Total of Top Ten Money Market Instruments &
Total of Top Ten Government Securities,
Other Credit Exposures
(aggregated holdings in a single issuer) 51.52 Money Market Instrument & Other Credit Exposures
Total Money Market Instruments & (aggregated holdings in a single issuer) 38.84
Other Credit Exposures 85.06 Total Government Securities,
Cash, Cash Equivalents and Net Current Assets 3.18 Money Market Instrument & Other Credit Exposures 78.21
Grand Total 100.00 Cash, Cash Equivalents and Net Current Assets (1.30)
Net Assets (Rs. In Lakhs) 58,703.74 Grand Total 100.00
Modified Duration 1.21 years (other than equity investments)
Modified Duration 1.59 years (other than equity investments)
✤ Past performance is no guarantee of future results.
Portfolio Classification by Asset Class (%)

Government Securities 10.81
Equity 23.09
Commercial Papers (CP) / Certificate Of Deposit (CD) 26.86
Credit Exposures 40.54
Cash, Cash Equivalents and Net Current Assets (1.30)

HDFC Multiple In Hybrid - Debt-oriented

HDFC Multiple Yield In Hybrid - Debt-oriented
Yield Fund (17 schemes) for 3 & 5 year periods
ending March 31, 2010 Fund - Plan 2005 (17 schemes) for 3 & 5 year periods
ending March 31, 2010
An open-ended income scheme An open-ended income scheme

Mar 31, 05 Last 5 Years (1826 days) 10.5610 9.40 8.41 Aug 17, 05 Since Inception (1687 days) 10.0000 9.30 8.12
Sep 17, 04 Since Inception (2021 days) 10.0000 9.53 8.35
^Past Performance may or may not be sustained in the future
^Past Performance may or may not be sustained in the future Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are compounded annualized (CAGR). #Crisil MIP Blended Index
compounded annualized (CAGR). #Crisil MIP Blended Index ~Due to an over all sharp rise in the stock prices
~Due to an over all sharp rise in the stock prices
Portfolio – Top Holdings (as at March 31, 2010) Portfolio – Holdings (as at March 31, 2010)
Company / Issuer Industry+ / Rating % to NAV Company / Issuer Industry+ / Rating % to NAV
Solar Explosives Ltd. Chemicals 2.25 Clariant Chemicals (India) Ltd. Chemicals 1.67
Apollo Tyres Ltd. Auto Ancillaries 2.21 IPCA Laboratories Ltd. Pharmaceuticals 1.65
Crisil Ltd. Finance 2.21 Banco Products (India) Ltd. Auto Ancillaries 1.60
Zee Entertainment Enterprises Ltd. Media & Entertainment 2.10 Savita Chemicals Ltd. Chemicals 1.49
The Federal Bank Ltd. Banks 2.08 LIC Housing Finance Ltd. Finance 1.34
Biocon Ltd. Pharmaceuticals 1.70 Hawkins Cookers Ltd. Consumer Non Durables 1.10
3M India Ltd. Trading 1.44 Wyeth Ltd. Pharmaceuticals 1.00
Crompton Greaves Ltd. Industrial Capital Goods 1.43 VST Industries Ltd. Consumer Non Durables 0.97
Britannia Industries Ltd. Consumer Non Durables 1.25 TTK Prestige Ltd. Consumer Durables 0.93
Jagran Prakashan Ltd. Media & Entertainment 0.94 Coromandel International Ltd. Fertilisers 0.77
Hindustan Petroleum Corporation Ltd. P1+ 15.19
Corporation Bank P1+ 27.46
UCO Bank P1+ 12.69
State Bank Of Hyderabad P1+ 8.97
State Bank of Bikaner & Jaipur P1+ 8.82
Shriram Transport Finance Co. Ltd. AA+(SO) 2.62
Shriram Transport Finance Co. Ltd. AA+(SO) 3.09
Magma Fincorp Ltd. (ABS Pool) P1+(SO) 0.94
Cholamandalam DBS Finance Ltd. (ABS Pool) AAA(SO) 0.75 Magma Fincorp Ltd. (ABS Pool) P1+(SO) 2.22
Britannia Industries Ltd. AAA 0.13 Total Money Market Instruments & Other Credit Exposures
Total Money Market Instruments & Other Credit Exposures
(aggregated holdings in a single issuer) 71.59 Cash, Cash Equivalents and Net Current Assets 7.01
Cash, Cash Equivalents and Net Current Assets 9.58 Grand Total 100.00
Grand Total 100.00 Net Assets (Rs. In Lakhs) 3,261.96
Average Maturity 171 days (other than equity investments)
Average Maturity 147 days (other than equity investments)
Modified Duration 152 days (other than equity investments)
Modified Duration 130 days (other than equity investments)
+ Industry Classification as recommended by AMFI, $ Sponsor ✤ Past performance is no guarantee of future results.
✤ Past performance is no guarantee of future results. Please refer to page no 31 for details on the Rating Methodology

HDFC Income Fund HDFC High Interest Fund

Dividend Option 10.8334 Quarterly Dividend Option 11.0938
Half-Yearly Dividend Option 10.7978
Relative Performance^(Growth Option) Yearly Dividend Option 11.3514

per Unit (Rs.) (%)^ Returns (%)# Relative Performance ^ (Growth Option)
Sep 29, 09 Last Six Months (183 days) 20.9095 2.63 2.79 Date Period NAV Returns Benchmark
Mar 31, 09 Last 1 Year (365 days) 20.0653 6.95 5.41 per Unit (Rs.) (%)^ Returns (%)#
Mar 30, 07 Last 3 Years (1097 days) 16.5463 9.04 6.99 Sep 29, 09 Last Six Months (183 days) 30.3056 2.83 2.79
Mar 31, 05 Last 5 Years (1826 days) 15.7519 6.30 5.59 Mar 31, 09 Last 1 Year (365 days) 29.2142 6.67 5.41
Sep 11, 00 Since Inception (3488 days) 10.0000 8.32 N.A. Mar 30, 07 Last 3 Years (1097 days) 24.3175 8.60 6.99
^Past Performance may or may not be sustained in the future Mar 31, 05 Last 5 Years (1826 days) 23.1435 6.13 5.59
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable Mar 31, 00 Last 10 Years (3652 days) 14.3400 8.07 N.A.
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Apr 28, 97 Since Inception (4720 days) 10.0000 9.19 N.A.
# Crisil Composite Bond Fund Index N.A. Not Available ^Past Performance may or may not be sustained in the future
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
Portfolio – Top 10 Holdings (as at March 31, 2010) compounded annualized (CAGR).
# Crisil Composite Bond Fund Index N.A. Not Available
Issuer Rating % to NAV
GOVERNMENT SECURITIES, MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES Portfolio – Holdings (as at March 31, 2010)
Government Securities Sovereign 39.37 Issuer Rating % to NAV
State Bank of India AAA 15.25 GOVERNMENT SECURITIES, MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES
Canara Bank P1+ 9.94 Government Securities Sovereign 51.47
National Housing Bank AAA 6.44 National Housing Bank AAA 6.99
Power Finance Corporation Ltd. AAA 6.16 Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 5.35
National Bank for Agriculture & Rural Development AAA 4.61 Rural Electrification Corporation Ltd. AAA 5.22
NTPC Ltd. AAA 4.42 Indian Railways Finance Corporation Ltd. AAA 5.10
Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 1.85 LIC Housing Finance Ltd. AAA 5.02
Power Grid Corporation of India Ltd. AAA 0.91 Corporation Bank P1+ 4.81
Rural Electrification Corporation Ltd. AAA 0.88 National Bank for Agriculture & Rural Development AAA 3.26
Total of Top Ten Government Securities, Power Grid Corporation of India Ltd. AAA 2.55
Money Market Instruments & Other Credit Exposures State Bank of India AAA 2.54
(aggregated holdings in a single issuer) 89.83 Total of Top Ten Government Securities,
Total Government Securities, Money Market Instruments Money Market Instruments & Other Credit Exposures
& Other Credit Exposures 90.27 (aggregated holdings in a single issuer) 92.31
Cash, Cash Equivalents and Net Current Assets 9.73 Total Government Securities, Money Market Instruments
Grand Total 100.00 & Other Credit Exposures 96.04
Grand Total 100.00
Average Maturity 7.21 years Net Assets (Rs. In Lakhs) 19,904.67
Modified Duration 4.72 years
Average Maturity 5.08 years
Modified Duration 3.74 years

HDFC Short HDFC High Interest Fund

Term Plan - Short Term Plan
Dividend Reinvestment Option 10.3368 Dividend Option 10.6032

Sep 29, 09 Last Six Months (183 days) 17.4064 3.37 2.55 Sep 29, 09 Last Six Months (183 days) 17.7361 3.87 2.55
Mar 31, 09 Last 1 Year (365 days) 16.7245 7.58 5.88 Mar 31, 09 Last 1 Year (365 days) 16.9474 8.71 5.88
Feb 28, 02 Since Inception (2953 days) 10.0000 7.53 N.A. Feb 06, 02 Since Inception (2975 days) 10.0000 7.78 N.A.
# Crisil Short Term Bond Fund Index N.A. Not Available # Crisil Short Term Bond Fund Index N.A. Not Available
Issuer Rating % to NAV Issuer Rating % to NAV
TREASURY BILLS, MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES TREASURY BILLS, MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES
Indian Oil Corporation Ltd. AAA/LAA+/P1+ 10.13 Treasury Bills Sovereign 10.18
Housing Development Finance Corporation Ltd. $ AAA 9.68 Indian Oil Corporation Ltd. P1+ 6.60
Treasury Bills Sovereign 9.40 Indian Railways Finance Corporation Ltd. AAA/AAA(Ind)(SO) 6.24
Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 8.04 State Bank of Bikaner & Jaipur P1+ 5.57
Corporation Bank P1+ 6.53 Union Bank of India A1+ 5.31
Indian Bank F1+(IND) 6.11 Power Finance Corporation Ltd. AAA 4.72
State Bank Of Hyderabad P1+ 5.91 Rural Electrification Corporation Ltd. AAA 4.65
Indian Railways Finance Corporation Ltd. AAA/AAA(Ind)(SO) 5.68 State Bank of Patiala P1+ 4.49
Canara Bank P1+ 5.24 Bata India Ltd. A1+ 4.39
IDBI Bank Ltd. A1+ 4.92 Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 4.21
Total of Top Ten Treasury Bills, Total of Top Ten Treasury Bills,
Money Market Instruments & Other Credit Exposures Money Market Instruments & Other Credit Exposures
(aggregated holdings in a single issuer) 71.64 (aggregated holdings in a single issuer) 56.36
Total Treasury Bills, Money Market Instruments & Total Treasury Bills, Money Market Instruments
Other Credit Exposures 103.73 & Other Credit Exposures 104.55
Cash, Cash Equivalents and Net Current Assets (3.73) Cash, Cash Equivalents and Net Current Assets (4.55)
Net Assets (Rs. In Lakhs) 239,534.98 Net Assets (Rs. In Lakhs) 214,237.09
Average Maturity 1.09 years Average Maturity 1.35 years
Modified Duration 350 days Modified Duration 1.13 years

$ Sponsor
Portfolio Classification by Asset Class (%) Portfolio Classification by Asset Class (%)
Treasury Bills 9.40 Treasury Bills 10.18
Certificate Of Deposit (CD) 44.01 Commercial Papers (CP) / Certificate Of Deposit (CD) 41.58
Credit Exposures 50.32 Credit Exposures 53.75
Portfolio Classification by Rating Class (%) Portfolio Classification by Rating Class (%)
Sovereign 9.40 Sovereign 10.18
AAA / AAA(SO) / P1+ / P1+(SO) & Equivalent 90.82 AAA / AAA(SO) / P1+ / P1+(SO) & Equivalent 78.85
AA+/LAA+ & Below 6.43 AA+ / LAA+ & Below 16.48

HDFC Gilt Fund An open-ended income scheme
Short Term Plan Long Term Plan
Relative Performance^(Growth Option) Relative Performance^(Growth Option)

Sep 29, 09 Last Six Months (183 days) 15.4681 2.31 3.67 Sep 29, 09 Last Six Months (183 days) 18.3301 2.09 2.42
Mar 31, 09 Last 1 Year (365 days) 15.3990 2.77 6.10 Mar 31, 09 Last 1 Year (365 days) 17.9840 4.06 3.09
Jul 25, 01 Since Inception (3171 days) 10.0000 5.43 N.A. Jul 25, 01 Since Inception (3171 days) 10.0000 7.48 N.A.
#I-Sec Si-Bex N.A. Not Available #I-Sec Li-Bex N.A. Not Available
Portfolio – Holdings (as at March 31, 2010) Portfolio – Holdings (as at March 31, 2010)
Issuer Rating % to NAV Issuer Rating % to NAV
GOVERNMENT SECURITIES / TREASURY BILLS GOVERNMENT SECURITIES / TREASURY BILLS
91 Days T-Bills Sovereign 43.39 91 Days T-Bills Sovereign 19.68
7.27% GOI 2013 Sovereign 31.11 8.24% GOI 2027 Sovereign 16.52
Total Government Securities / Treasury Bills 93.95 7.32% GOI 2014 Sovereign 7.74
Cash, Cash Equivalents and Net Current Assets 6.05 7.27% GOI 2013 Sovereign 4.48
Grand Total 100.00 Total Government Securities / Treasury Bills 69.47
Grand Total 100.00
Average Maturity 2.12 years Average Maturity 4.91 years
Modified Duration 1.75 years Modified Duration 3.03 years

hdfc-dt1.qxd 4/8/2010 7:46 PM Page 1
HDFC Floating RETAIL OPTION

IN DEBT: LIQUID PLUS
HDFC Floating Rate
Rate Income Fund (31 schemes) for 18 month
period ending March 31, 2010 Income Fund
Short Term Plan Long Term Plan
Retail Option Growth Option 15.8247
Growth Option 15.5698 Dividend Reinvestment Option 10.1761
Daily Dividend Reinvestment Option 10.0809
Weekly Dividend Option 10.1390
Monthly Dividend Option 10.1478 Relative Performance^(Growth Option)
Wholesale Option
Daily Dividend Reinvestment Option 10.0809 per Unit (Rs.) (%)^ Returns (%)#
Weekly Dividend Option 10.1393 Sep 29 09 Last Six Months (183 days) 15.3867 2.85 1.60
Monthly Dividend Option 10.1480 Mar 31, 09 Last 1 Year (365 days) 14.7447 7.32 3.69
Relative Performance^- Retail Option (Growth Option) Mar 31, 05 Last 5 Years (1826 days) 11.0394 7.46 6.23
Date Period NAV Returns Benchmark Jan 16, 03 Since Inception (2631 days) 10.0104 6.56 5.64
per Unit (Rs.) (%)^ Returns (%)# ^Past performance may or may not be sustained in the future
Sep 29, 09 Last Six Months (183 days) 15.2383 2.18 1.60 Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
Mar 31, 09 Last 1 Year (365 days) 14.8593 4.78 3.69 compounded annualized (CAGR). #Crisil Liquid Fund Index
Jan 16, 03 Since Inception (2631 days) 10.0101 6.32 5.64 Portfolio – Top 10 Holdings (as at March 31, 2010)
^Past performance may or may not be sustained in the future Issuer Rating % to NAV
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are TREASURY BILLS, MONEY MARKET INSTRUMENT & OTHER CREDIT EXPOSURES
compounded annualized (CAGR). #Crisil Liquid Fund Index Canara Bank P1+ 11.64
State Bank of Bikaner & Jaipur P1+ 8.03
TREASURY BILLS, MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES
National Housing Bank AAA 7.95
Andhra Bank F1+(IND) 9.29 Treasury Bills Sovereign 5.74
Hindustan Petroleum Corporation Ltd. P1+ 7.40 United Bank Of India P1+ 5.08
Housing Development Finance Corporation Ltd. $ AAA 7.23 Jammu & Kashmir Bank Ltd. P1+ 4.71
Shriram Transport Finance Co. Ltd. AA+(SO)/F1+ (IND)
Infrastructure Development Finance Co. Ltd. AA+ 4.28
(SO)/AA(SO)/AA(ind) 6.10
Treasury Bills Sovereign 5.16 National Bank for Agriculture & Rural Development AAA 4.28
Tata Motors Ltd. (Guaranteed by SBI) AAA(SO) 4.60 Total of Top Ten Treasury Bills,
Kotak Mahindra Prime Ltd. LAA 3.78 Money Market Instruments & Other Credit Exposures
ICICI Bank Ltd. P1+ 3.73 (aggregated holdings in a single issuer) 71.19
State Bank of Patiala P1+ 3.37
Total of Top Ten Treasury Bills, Total Treasury Bills, Money Market Instruments
Money Market Instruments & Other Credit Exposures & Other Credit Exposures 102.77
(aggregated holdings in a single issuer) 64.40 Cash, Cash Equivalents and Net Current Assets (2.77)
Total Treasury Bills, Money Market Instruments Grand Total 100.00
& Other Credit Exposures 97.06
Cash, Cash Equivalents and Net Current Assets 2.94 Net Assets (Rs. In Lakhs) 129,562.71
Grand Total 100.00
Net Assets (Rs. In Lakhs) 287,568.70 Average Maturity 320 days
Average Maturity 218 days Modified Duration 282 days

Modified Duration 181 days $ Sponsor
$ Sponsor
Portfolio Classification by Asset Class (%)

Treasury Bills 5.74
Commercial Papers (CP) / Certificate Of Deposit (CD) 54.46
Credit Exposures 42.57
Portfolio Classification by Rating Class (%) Portfolio Classification by Rating Class (%)
Sovereign 5.16 Sovereign 5.74
AAA/AAA(SO) / P1+ / P1+(SO) & Equivalent 85.88 AAA/AAA(SO) / P1+ / P1+(SO) & Equivalent 88.42
AA+ / LAA+ & Below 12.80 AA+ / LAA+ & Below 8.61

HDFC LIQUID FUND PREMIUM & PREMIUM PLUS PLAN - IN

HDFC IN DEBT: ULTRA SHORT-TERM CATEGORY DEBT: ULTRA SHORT-TERM INSTITUTIONAL HDFC Cash IN DEBT: ULTRA SHORT-TERM CATEGORY
(40 schemes) for 18 month period (49 schemes) for 18 month period (40 schemes) for 18 month period
Liquid Fund ending March 31, 2010 ending March 31, 2010 Management Fund ending March 31, 2010
An open-ended liquid income scheme An open-ended high liquidity income scheme

NAV (as at March 31, 2010) NAV per Unit (Rs.) Savings Plan
HDFC Liquid Fund
Growth Option 18.2392 NAV (as at March 31, 2010) NAV per Unit (Rs.)
Weekly Dividend Option 10.3133 Growth Option 19.2475
Monthly Dividend Option 10.2661 Daily Dividend Reinvestment Option 10.6364
HDFC Liquid Fund - Premium Plan Weekly Dividend Option 10.6320
Weekly Dividend Option 10.0000 Relative Performance^(Growth Option)
HDFC Liquid Fund - Premium Plus Plan Date Period NAV Returns Benchmark
Growth Option 18.4933 per Unit (Rs.) (%)^$$ Returns (%)#
Weekly Dividend Option 10.0078
Mar 23, 10 Last 8 days 19.2274 0.10 0.10
Relative Performance^(Growth Option) Mar 15, 10 Last 16 days $ 19.2092 0.20 0.19
Feb 26, 10 Last 1 Month (33 days) 19.1737 0.38 0.40
Date Period NAV Returns Benchmark Dec 31, 09 Last 3 Months (90 days) 19.0563 1.00 0.92
per Unit (Rs.) (%)^ Returns (%)# Sep 30, 09 Last 6 Months (182 days) 18.8462 2.13 1.60
Liquid Fund Mar 30, 07 Last 3 Years (1097 days) 15.6268 7.18 6.65
Mar 23, 10 Last 8 days 18.2208 0.10 0.10 Mar 31, 05 Last 5 Years (1826 days) 13.7299 6.90 6.23
Mar 15, 10 Last 16 days $ 18.2049 0.19 0.19 Mar 31, 00 Last 10 Years (3652 days) 10.1207 6.65 N.A.
Feb 26, 10 Last 1 Month (33 days) 18.1740 0.36 0.40 Nov 18, 99 Since Inception (3786 days) 10.0000 6.55 N.A.
Dec 31, 09 Last 3 Months (90 days) 18.0729 0.92 0.92
Sep 30, 09 Last 6 Months (182 days) 17.8859 1.98 1.60 ^Past performance may or may not be sustained in the future
Mar 31, 09 Last 1 Year (365 days) 17.4635 4.44 3.69 Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
Mar 30, 07 Last 3 Years (1097 days) 14.8762 7.02 6.65 Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are
Mar 31, 05 Last 5 Years (1826 days) 13.1053 6.74 6.23 compounded annualized (CAGR). #Crisil Liquid Fund Index
Oct 17, 00 Since Inception (3452 days) 10.0000 6.56 N.A. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options
have been reinvested in the units of the Scheme at the then prevailing NAV (applicable
^Past performance may or may not be sustained in the future N.A. Not Available ex-dividend NAV). N.A. Not Available
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable $ Returns have been calculated based on the NAV of March 15, 2010 as March 16, 2010 was a
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Non-Business Day for Debt Schemes.
compounded annualized (CAGR). # Crisil Liquid Fund Index
$ Returns have been calculated based on the NAV of March 15, 2010 as March 16, 2010 was a Portfolio – Top 10 Holdings (as at March 31, 2010)
Non-Business Day for Debt Schemes.
Portfolio – Top 10 Holdings (as at March 31, 2010) TREASURY BILLS, MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES
Issuer Rating % to NAV Punjab National Bank F1+(IND) 12.34
Syndicate Bank PR1+ 7.09
MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES
Allahabad Bank P1+ 6.57
Allahabad Bank P1+ 7.71 Union Bank of India A1+ 6.56
Union Bank of India A1+ 7.24 State Bank of Patiala P1+ 4.81
IDBI Bank Ltd. A1+ 7.17 Bharat Petroleum Corporation Ltd. AAA 4.52
Syndicate Bank PR1+ 6.41 ICICI Securities Primary Dealership Ltd. P1+ 4.43
Punjab National Bank F1+(IND) 6.23 ING Vysya Bank Ltd. P1+ 4.28
Andhra Bank F1+(IND) 5.88 Treasury Bills Sovereign 4.09
Bharat Petroleum Corporation Ltd. AAA 5.45 ICICI Bank Ltd. P1+ 3.97
Canara Bank P1+ 4.84 Total of Top Ten Treasury Bills,
United Bank Of India A1+ 4.07 Money Market Instruments & Other Credit Exposures
ICICI Bank Ltd. P1+ 4.06 (aggregated holdings in a single issuer) 58.66
Total of Top Ten Money Market Instruments Total Treasury Bills, Money Market Instruments
& Other Credit Exposures & Other Credit Exposures 69.36
(aggregated holdings in a single issuer) 59.06 Cash, Cash Equivalents and Net Current Assets 30.64
Total Money Market Instruments & Grand Total 100.00
Other Credit Exposures 89.01 Net Assets (Rs. In Lakhs) 279,170.32
Grand Total 100.00 Average Maturity 58 days
Modified Duration 56 days
Average Maturity 85 days Please refer to page no 31 for details on the Rating Methodology

Portfolio Classification by Rating Class (%)

AAA / AAA(SO) / P1+ / P1+(SO) & Equivalent 110.08
AA+ / LAA+ & Below 1.08

HDFC Cash Management Fund HDFC Cash Management Fund

Treasury Advantage Plan Call Plan
An open-ended income scheme
An open-ended high liquidity income scheme
Retail Option Growth Option 15.2596
Growth Option 19.9883 Daily Dividend Reinvestment Option 10.4266
Weekly Dividend Option 10.0247 Relative Performance^(Growth Option)
Monthly Dividend Option 10.0540 Date Period NAV Returns Benchmark
Wholesale Option per Unit (Rs.) (%)^ Returns (%)#
Daily Dividend Reinvestment Option 10.0315 Mar 23, 10 Last 8 days 15.2464 0.09 0.10
Weekly Dividend Option 10.0249 Mar 15, 10 Last 16 days $ 15.2357 0.16 0.19
Monthly Dividend Option 10.0533 Feb 26, 10 Last 1 Month (33 days) 15.2142 0.30 0.40
Dec 31, 09 Last 3 Month (90 days) 15.1415 0.78 0.92
Relative Performance^- Retail Option (Growth Option) Sep 30, 09 Last 6 Month (182 days) 15.0228 1.58 1.60
Date Period NAV Returns Benchmark Mar 30, 07 Last 3 Years (1097 days) 12.9433 5.63 6.65
per Unit (Rs.) (%)^ Returns (%)# Mar 31, 05 Last 5 Years (1826 days) 11.4590 5.82 6.23
Feb 06, 02 Since Inception (2975 days) 10.0000 5.32 N.A.
Sep 30, 09 Last Six Months (182 days) 19.5519 2.23 1.60
Mar 31, 09 Last 1 Year (365 days) 19.0818 4.75 3.69 ^Past performance may or may not be sustained in the future N.A. Not Available
Mar 30, 07 Last 3 Years (1097 days) 16.2478 7.14 6.65 Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable
Mar 31, 05 Last 5 Years (1826 days) 14.2864 6.85 6.23 compounded annualized (CAGR). #Crisil Liquid Fund Index
Mar 31, 00 Last 10 Years (3652 days) 10.3118 6.84 N.A. $ Returns have been calculated based on the NAV of March 15, 2010 as March 16, 2010
Nov 18, 99 Since Inception (3786 days) 10.0000 6.90 N.A. was a Non-Business Day for Debt Schemes.
^Past performance may or may not be sustained in the future N.A. Not Available
Performance of the Dividend Option for the investor would be net of Distribution Tax as applicable Portfolio – Holdings (as at March 31, 2010)
Returns less than 1 year period are absolute. Returns equal to or greater than 1 year are Issuer Rating % to NAV
compounded annualized (CAGR). #Crisil Liquid Fund Index
CREDIT EXPOSURES
Tata Sons Ltd. AAA 14.21
Portfolio – Top 10 Holdings (as at March 31, 2010) Total Credit Exposures 14.21
Issuer Rating % to NAV Cash, Cash Equivalents and Net Current Assets 85.79
MONEY MARKET INSTRUMENTS & OTHER CREDIT EXPOSURES Grand Total 100.00
Canara Bank P1+ 8.32 Net Assets (Rs. In Lakhs) 1,407.17
Punjab National Bank F1+(ind) 4.83 Average Maturity 18 days
Indian Oil Corporation Ltd. AA+/P1+ 4.77
Andhra Bank F1+(ind) 4.25 Modified Duration 1 day
Oriental Bank of Commerce P1+ 3.73
Power Finance Corporation Ltd. AAA/AAA(SO) 3.52
LIC Housing Finance Ltd. AAA/P1+ 2.55
Allahabad Bank P1+ 2.53
Total of Top Ten Money Market Instruments
& Other Credit Exposures
Total Treasury Bills, Money Market Instruments
& Other Credit Exposures 80.28
Grand Total 100.00
Net Assets (Rs. In Lakhs) 1,732,421.12
Average Maturity 153 days

$ Sponsor
Note for All Open-Ended Schemes (as at March 31, 2010)

i) Total NPAs provided for and its percentage to NAV : Nil
ii) Investment in ADR/GDR/Foreign Securities : Nil
iii) Total outstanding exposure in derivative instruments (Gross Notional) :
a) Equity :
HDFC Growth Fund
Portfolio Classification by Rating Class (%) (Indiabulls Real Estate Ltd. NSE April 2010 Futures) Rs. 995.48 lakhs
HDFC Top 200 Fund
Sovereign 0.94 (Hero Honda Motors Ltd. NSE April 2010 Futures) Rs. 3,595.20 lakhs
AAA / AAA(SO )/ P1+ / P1+(SO) & Equivalent 92.76 Total Rs. 4,590.68 lakhs
AA+ / LAA+ & Below 7.48
Cash, Cash Equivalents and Net Current Assets (1.18) b) Debt : Interest Rates Swaps / Forward Rate Agreement Nil

hdfc-div.qxd 4/8/2010 6:23 PM Page 1
Dividend History ^
HDFC Cash Management Fund HDFC Cash Management Fund
Treasury Advantage Plan (Daily Dividend Option) (Past 6 months) Savings Plan (Daily Dividend Reinvestment Option) (Past 6 months)
Month Record Date Ex-dividend NAV per Unit (Rs.) Aggregate Dividend Per Unit (Re.) Month Record Date Ex-dividend NAV per Unit (Rs.) Aggregate Dividend Per Unit (Re.)
for the month Individuals & HUF Others for the month Individuals & HUF Others
Retail Option October 2009 Daily 10.6364 0.0328 0.0328

October 2009 Daily 10.0315 0.0347 0.0323 November 2009 Daily 10.6364 0.0283 0.0283
November 2009 Daily 10.0315 0.0295 0.0273 December 2009 Daily 10.6364 0.0307 0.0307
January 2010 Daily 10.6364 0.0276 0.0276
December 2009 Daily 10.0315 0.0328 0.0303
February 2010 Daily 10.6364 0.0247 0.0247
January 2010 Daily 10.0315 0.0328 0.0304
March 2010 Daily 10.6364 0.0322 0.0322
February 2010 Daily 10.0315 0.0208 0.0194
March 2010 Daily 10.0315 0.0693 0.0642 Weekly Dividend Option (Past 6 months)
Record Cum Div Dividend Per unit (Re..) For Record Cum Div Dividend Per unit (Re.) For
Wholesale Option Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
October 2009 Daily 10.0315 0.0364 0.0342
November 2009 Daily 10.0315 0.0303 0.0287 Oct 05, 09 10.6382 0.0105 0.0105 Jan 01, 10 10.6296 0.0038 0.0038
December 2009 Daily 10.0315 0.0343 0.0322 Oct 09, 09 10.6300 0.0041 0.0041 Jan 08, 10 10.6330 0.0065 0.0065
January 2010 Daily 10.0315 0.0343 0.0323 Oct 16, 09 10.6336 0.0069 0.0069 Jan 15, 10 10.6329 0.0064 0.0064
February 2010 Daily 10.0315 0.0219 0.0207 Oct 23, 09 10.6338 0.0071 0.0071 Jan 22, 10 10.6324 0.0060 0.0060
March 2010 Daily 10.0315 0.0384 0.0355 Oct 30, 09 10.6336 0.0070 0.0070 Jan 29, 10 10.6324 0.0060 0.0060
Nov 06, 09 10.6339 0.0072 0.0072 Feb 05, 10 10.6325 0.0061 0.0061
Weekly Dividend Option (Past 6 months) Nov 13, 09 10.6335 0.0069 0.0069 Feb 15, 10 10.6365 0.0092 0.0092
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For Nov 20, 09 10.6337 0.0070 0.0070 Feb 19, 10 10.6291 0.0035 0.0035
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others Nov 27, 09 10.6331 0.0066 0.0066 Feb 26, 10 10.6326 0.0061 0.0061
Retail Plan Wholesale Plan Dec 04, 09 10.6331 0.0066 0.0066 Mar 05, 10 10.6326 0.0062 0.0062
Oct 05, 09 10.0293 0.0073 0.0068 Oct 05, 09 10.0247 0.0076 0.0071 Dec 11, 09 10.6329 0.0064 0.0064 Mar 12, 10 10.6330 0.0065 0.0065
Oct 12, 09 10.0300 0.0079 0.0073 Oct 12, 09 10.0255 0.0083 0.0077 Dec 18, 09 10.6342 0.0074 0.0074 Mar 19, 10 10.6328 0.0063 0.0063
Oct 20, 09 10.0306 0.0084 0.0078 Oct 20, 09 10.0262 0.0089 0.0083 Dec 29, 09 10.6379 0.0103 0.0103 Mar 26, 10 10.6340 0.0072 0.0072
Oct 26, 09 10.0281 0.0062 0.0057 Oct 26, 09 10.0235 0.0065 0.0061
Nov 03, 09 10.0304 0.0083 0.0077 Nov 03, 09 10.0260 0.0087 0.0081 HDFC Cash Management Fund (Call Plan)
Nov 09, 09 10.0278 0.0060 0.0056 Nov 09, 09 10.0233 0.0064 0.0060 Daily Dividend Reinvestment Option (Past 6 months)
Nov 16, 09 10.0300 0.0079 0.0073 Nov 16, 09 10.0249 0.0078 0.0073 Month Record Date Ex-dividend NAV per Unit (Rs.) Aggregate Dividend Per Unit (Re.)
Nov 23, 09 10.0294 0.0074 0.0068 Nov 23, 09 10.0249 0.0078 0.0072 for the month Individuals & HUF Others
Nov 30, 09 10.0292 0.0072 0.0067 Nov 30, 09 10.0247 0.0055 0.0051 October 09 Daily 10.4266 0.0207 0.0207
Dec 07, 09 10.0290 0.0070 0.0066 Dec 07, 09 10.0270 0.0052 0.0049 November 09 Daily 10.4266 0.0208 0.0208
Dec 14, 09 10.0293 0.0073 0.0068 Dec 14, 09 10.0298 0.0077 0.0072 December 09 Daily 10.4266 0.0224 0.0224
January 10 Daily 10.4266 0.0213 0.0213
Dec 21, 09 10.0291 0.0071 0.0066 Dec 21, 09 10.0295 0.0074 0.0069
February 10 Daily 10.4266 0.0189 0.0189
Dec 29, 09 10.0305 0.0084 0.0078 Dec 29, 09 10.0312 0.0089 0.0083
March 10 Daily 10.4266 0.0247 0.0247
Jan 04, 10 10.0299 0.0078 0.0073 Jan 04, 10 10.0304 0.0082 0.0076
Jan 11, 10 10.0294 0.0073 0.0068 Jan 11, 10 10.0299 0.0078 0.0072
Jan 18, 10 10.0291 0.0071 0.0066 Jan 18, 10 10.0296 0.0075 0.0070
HDFC Liquid Fund
Jan 25, 10 10.0293 0.0073 0.0068 Jan 25, 10 10.0298 0.0077 0.0072 Daily Dividend Reinvestment Option (Past 6 months)
Feb 01, 10 10.0290 0.0070 0.0065 Feb 01, 10 10.0295 0.0075 0.0070 Month Record Date Ex-dividend NAV per Unit (Rs.) Aggregate Dividend Per Unit (Re.)
Feb 08, 10 10.0291 0.0070 0.0066 Feb 08, 10 10.0294 0.0074 0.0069 for the month Individuals & HUF Others
Feb 15, 10 10.0289 0.0070 0.0065 Feb 15, 10 10.0294 0.0073 0.0068 October 2009 Daily 10.1982 0.0301 0.0301
Feb 22, 10 10.0287 0.0067 0.0063 Feb 22, 10 10.0293 0.0072 0.0067 November 2009 Daily 10.1982 0.0253 0.0253
Mar 02, 10 10.0302 0.0080 0.0075 Mar 02, 10 10.0308 0.0086 0.0080 December 2009 Daily 10.1982 0.0272 0.0272
Mar 08, 10 10.0279 0.0060 0.0056 Mar 08, 10 10.0282 0.0063 0.0059 January 2010 Daily 10.1982 0.0241 0.0241
February 2010 Daily 10.1982 0.0218 0.0218
Mar 15, 10 10.0294 0.0073 0.0068 Mar 15, 10 10.0299 0.0078 0.0072
March 2010 Daily 10.1982 0.0281 0.0281
Mar 22, 10 10.0296 0.0076 0.0070 Mar 22, 10 10.0301 0.0079 0.0074
Mar 29, 10 10.0302 0.0081 0.0075 Mar 29, 10 10.0307 0.0085 0.0079
HDFC Liquid Fund
Monthly Dividend Option (Past 3 months) Monthly Dividend Option (Past 3 months)
Record Cum Div Dividend Per unit (Re.) For
Record Date Cum Dividend NAV (Rs.) Dividend Per unit (Re.) For
Date NAV (Rs.) Individuals & HUF Others
Individuals & HUF Others
Retail Option
Jan 25, 10 10.2907 0.0216 0.0216
January 25, 10 10.0839 0.0297 0.0276
Feb 22, 10 10.2911 0.0219 0.0219
February 22, 10 10.0818 0.0279 0.0260 Mar 29, 10 10.3005 0.0292 0.0292
March 29, 10 10.0924 0.0371 0.0345
Wholesale Option HDFC Liquid Fund - Premium Plan

January 25, 10 10.0858 0.0313 0.0292 Daily Dividend Option (Past 6 months)
February 22, 10 10.0838 0.0296 0.0276
March 29, 10 10.0949 0.0393 0.0366 Month Record Date Ex-dividend NAV per Unit (Rs.) Aggregate Dividend Per Unit (Re.)
for the month Individuals & HUF Others
All dividends are on face value of Rs.10 per Unit. After payment of the dividend, the per Unit NAV falls to the October 2009 Daily 12.2598 0.0385 0.0385
extent of the payout and statutory levy, if any. November 2009 Daily 12.2598 0.0322 0.0322
December 2009 Daily 12.2598 0.0348 0.0348
January 2010 Daily 12.2598 0.0309 0.0309
February 2010 Daily 12.2598 0.0279 0.0279
March 2010 Daily 12.2598 0.0359 0.0359

Dividend History ^
HDFC Gilt Fund (Since March 2008) HDFC Short Term Plan
Short Term Plan (Dividend Option) Long Term Plan (Dividend Option) Dividend Reinvestment Option (Past 6 months)
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others
Mar 25, 08 10.8113 0.1000 0.0931 Mar 25, 08 10.5135 0.1500 0.1396 Oct 26, 09 10.3796 0.0547 0.0509 Jan 25, 10 10.3971 0.0700 0.0651
Jun 25, 08 10.6134 0.1000 0.0931 Sep 25, 08 10.4374 0.1500 0.1396
Sep 25, 08 10.7745 0.1500 0.1396 Dec 26, 08 11.8667 0.4500 0.4188 Nov 25, 09 10.4312 0.0999 0.0929 Mar 25, 10 10.3995 0.0721 0.0671
Dec 26, 08 10.9701 0.2500 0.2327 Mar 25, 09 10.4851 0.1000 0.0931
Mar 25, 09 10.7128 0.1000 0.0931 Jun 25, 09 10.5328 0.1000 0.0931
Jun 25, 09 10.7100 0.1000 0.0931 Dec 29, 09 10.4232 0.0500 0.0465 HDFC Floating Rate Income Fund
Dec 29, 09 10.6027 0.0500 0.0465 Mar 25, 10 10.4977 0.1000 0.0931 Short Term Plan (Daily Dividend Option) (Past 6 months)
Mar 25, 10 10.7208 0.1000 0.0931
Month Record Date Ex-dividend NAV per Unit (Rs.) Aggregate Dividend Per Unit (Re.)
for the month Individuals & HUF Others
HDFC Floating Rate Income Fund
Retail Option
Short Term Plan (Weekly Dividend Option) (Past 6 months) October 2009 Daily 10.0809 0.0339 0.0314
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For November 2009 Daily 10.0809 0.0300 0.0277
December 2009 Daily 10.0809 0.0315 0.0292
Retail Option Wholesale Option January 2010 Daily 10.0809 0.0315 0.0294
Oct 05, 09 10.1438 0.0074 0.0069 Oct 05, 09 10.1443 0.0078 0.0072 February 2010 Daily 10.0809 0.0206 0.0188
Oct 12, 09 10.1440 0.0075 0.0070 Oct 12, 09 10.1448 0.0082 0.0077 March 2010 Daily 10.0809 0.0317 0.0293
Oct 20, 09 10.1447 0.0082 0.0076 Oct 20, 09 10.1456 0.0089 0.0083 Wholesale Option
Oct 26, 09 10.1424 0.0062 0.0057 Oct 26, 09 10.1431 0.0067 0.0062 October 2009 Daily 10.0809 0.0370 0.0345
November 2009 Daily 10.0809 0.0313 0.0293
Nov 03, 09 10.1448 0.0082 0.0077 Nov 03, 09 10.1457 0.0090 0.0084
December 2009 Daily 10.0809 0.0338 0.0320
Nov 09, 09 10.1425 0.0063 0.0058 Nov 09, 09 10.1432 0.0069 0.0064
January 2010 Daily 10.0809 0.0339 0.0322
Nov 16, 09 10.1445 0.0080 0.0074 Nov 16, 09 10.1445 0.0080 0.0074
February 2010 Daily 10.0809 0.0226 0.0209
Nov 23, 09 10.1435 0.0071 0.0066 Nov 23, 09 10.1443 0.0078 0.0073 March 2010 Daily 10.0809 0.0343 0.0321
Nov 30, 09 10.1443 0.0078 0.0072 Nov 30, 09 10.1444 0.0079 0.0074
Dec 07, 09 10.1433 0.0069 0.0064 Dec 07, 09 10.1440 0.0075 0.0070
Dec 14, 09 10.1433 0.0069 0.0064 Dec 14, 09 10.1441 0.0076 0.0071
HDFC Floating Rate Income Fund
Dec 21, 09 10.1434 0.0070 0.0065 Dec 21, 09 10.1441 0.0077 0.0071 Short Term Plan (Monthly Dividend Option) (Past 3 months)
Dec 29, 09 10.1446 0.0080 0.0075 Dec 29, 09 10.1455 0.0089 0.0082
Record Date Cum Dividend NAV (Rs.) Dividend Per unit (Re.) For
Jan 04, 10 10.1435 0.0071 0.0066 Jan 04, 10 10.1442 0.0077 0.0072 Individuals & HUF Others
Jan 11, 10 10.1436 0.0072 0.0067 Jan 11, 10 10.1444 0.0079 0.0073
Jan 18, 10 10.1435 0.0071 0.0066 Jan 18, 10 10.1443 0.0078 0.0072 Retail Option
Jan 25, 10 10.1768 0.0286 0.0266
Jan 25, 10 10.1436 0.0071 0.0067 Jan 25, 10 10.1444 0.0079 0.0074
Feb 22, 10 10.1753 0.0273 0.0254
Feb 01, 10 10.1433 0.0069 0.0064 Feb 01, 10 10.1440 0.0075 0.0070
Mar 29, 10 10.1861 0.0368 0.0342
Feb 08, 10 10.1433 0.0069 0.0065 Feb 08, 10 10.1441 0.0076 0.0071 Wholesale Option
Feb 15, 10 10.1432 0.0069 0.0064 Feb 15, 10 10.1440 0.0076 0.0070 Jan 25, 10 10.1798 0.0313 0.0292
Feb 22, 10 10.1429 0.0065 0.0061 Feb 22, 10 10.1437 0.0073 0.0068 Feb 22, 10 10.1783 0.0300 0.0279
Mar 02, 10 10.1446 0.0081 0.0075 Mar 02, 10 10.1455 0.0088 0.0082 Mar 29, 10 10.1899 0.0402 0.0374
Mar 08, 10 10.1420 0.0058 0.0075 Mar 08, 10 10.1427 0.0064 0.0060
Mar 15, 10 10.1437 0.0073 0.0075 Mar 15, 10 10.1445 0.0079 0.0074 HDFC Liquid Fund
Mar 22, 10 10.1440 0.0075 0.0075 Mar 22, 10 10.1447 0.0081 0.0076
Weekly Dividend Option (Past 6 months)
Mar 29, 10 10.1446 0.0081 0.0075 Mar 29, 10 10.1453 0.0087 0.0081
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For
Long Term Plan (Weekly Dividend Reinvestment Option) (Past 6 months) Liquid Fund Premium Plus Plan
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For Oct 05, 09 10.3179 0.0059 0.0059
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others Oct 12, 09 10.3188 0.0066 0.0066
Oct 20, 09 10.3201 0.0076 0.0076 Oct 20, 09 12.5263 0.0847 0.0847
Oct 05, 09 10.1789 0.0070 0.0065 Dec 29, 09 10.1857 0.0130 0.0121 Oct 26, 09 10.3175 0.0056 0.0056
Oct 12 09 10.1744 0.0031 0.0029 Jan 04, 10 10.1843 0.0118 0.0109 Nov 03, 09 10.3203 0.0078 0.0078 Nov 03, 09 12.4408 0.0181 0.0181
Nov 09, 09 10.3170 0.0052 0.0052 Nov 09, 09 12.4261 0.0066 0.0066
Oct 20, 09 10.1876 0.0146 0.0136 Jan 11, 10 10.1783 0.0065 0.0060
Nov 16, 09 10.3188 0.0066 0.0066 Nov 16, 09 12.4284 0.0084 0.0084
Oct 26, 09 10.1895 0.0163 0.0152 Jan 18, 10 10.1797 0.0077 0.0072 Nov 23, 09 10.3178 0.0058 0.0058 Nov 23, 09 12.4272 0.0075 0.0075
Nov 03, 09 10.1952 0.0213 0.0198 Jan 25, 10 10.1863 0.0135 0.0126 Nov 30, 09 10.3179 0.0059 0.0059 Nov 30, 09 12.4273 0.0076 0.0076
Nov 09, 09 10.1904 0.0171 0.0159 Feb 01, 10 10.1817 0.0095 0.0088 Dec 07, 09 10.3177 0.0058 0.0058
Nov 16, 09 10.1806 0.0085 0.0079 Feb 08, 10 10.1816 0.0094 0.0087 Dec 14, 09 10.3186 0.0065 0.0065
Dec 21, 09 10.3176 0.0057 0.0057
Nov 23, 09 10.1878 0.0148 0.0138 Feb 15, 10 10.1779 0.0061 0.0057
Dec 29, 09 10.3201 0.0076 0.0076
Nov 30, 09 10.1836 0.0111 0.0100 Feb 22, 10 10.1751 0.0037 0.0034 Jan 04, 10 10.3173 0.0055 0.0055
Dec 07, 09 10.1732 0.0020 0.0019 Mar 02, 10 10.1806 0.0085 0.0079 Jan 11, 10 10.3173 0.0055 0.0055
Dec 14, 09 10.1842 0.0116 0.0108 Mar 08, 10 10.1823 0.01001 0.0093 Jan 18, 10 10.3172 0.0054 0.0054
Dec 21, 09 10.1771 0.0055 0.0051 Mar 15, 10 10.1858 0.0131 0.0122 Jan 25, 10 10.3172 0.0054 0.0054
Feb 01, 10 10.3172 0.0054 0.0054
^ Past performance may or may not be sustained in the future. Feb 08, 10 10.3174 0.0055 0.0055
All dividends are on face value of Rs.10 per Unit. After payment of the dividend, the per Unit NAV falls to the Feb 15, 10 10.3174 0.0055 0.0055
Feb 22, 10 10.3174 0.0055 0.0055
Mar 02, 10 10.3182 0.0062 0.0062
Mar 08, 10 10.3165 0.0048 0.0048
Mar 15, 10 10.3178 0.0058 0.0058
Mar 22, 10 10.3181 0.0061 0.0061
Mar 29, 10 10.3188 0.0066 0.0066


Dividend History ^ Methodology

HDFC MF Monthly Income Plan (MIP) Value Research Ratings
(An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus)
Value Research Fund Ratings are a composite measure of historical risk-adjusted
Short Term Plan (Dividend Option) returns. In the case of equity and hybrid funds this rating is based on the weighted aver-
Monthly (Dividend Option) Quarterly (Dividend Option) age monthly returns for the last 3 and 5-year periods. In the case of debt funds this rat-
(Past 3 months) (Past 3 quarters) ing is based on the weighted average weekly returns for the last 18 months and 3-year
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For periods and in case of short-term debt funds - weekly returns for the last 18 months.
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others These ratings do not take into consideration any entry or exit load. Each category must
Jan 25, 10 11.2786 0.0500 0.0465 Sep 25, 09 11.4908 0.1500 0.1396 have a minimum of 10 funds for it to be rated. Effective, July 2008, we have put an
Feb 25, 10 11.1885 0.0500 0.0465 Dec 29, 09 11.6321 0.1500 0.1396 additional qualifying criteria, whereby a fund with less than Rs 5 crore of average AUM
Mar 25, 10 11.2587 0.0500 0.0465 Mar 25, 10 11.6389 0.1500 0.1396 in the past six months will not be eligible for rating.
Five-stars indicate that a fund is in the top 10% of its category in terms of histori-
Long Term Plan (Dividend Option) cal risk-adjusted returns. Four stars indicate that a fund is in the next 22.5%, middle
35% receive three stars, the next 22.5% are assigned two stars while the bottom 10%
Monthly (Dividend Option) Quarterly (Dividend Option)
receive one star. The number of schemes in each category is mentioned along side the
(Past 3 months) (Past 3 quarters)
categories name. Equity Diversified (158), Equity : Index (19), Equity Tax Planning (28),
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For Hybrid Equity Oriented (30), Hybrid: Monthly Income (34), Debt: Medium-term (40),
Date NAV (Rs.) Individuals & HUF Others Date NAV (Rs.) Individuals & HUF Others Gilt: Medium and Long-term (32), Gilt: Short-term (11), Debt: Ultra Short-term (40),
Jan 25, 10 12.6128 0.0600 0.0558 Sep 25, 09 12.8357 0.1800 0.1675 Debt: Ultra Short-term Institutional (49), Debt: Short-term (19), Debt: Short-term
Feb 25, 10 12.4807 0.0600 0.0558 Dec 29, 09 13.0932 0.1800 0.1675 Institutional (10) Debt: Floating Rate Short-term (14), Hybrid: Debt-oriented (17), Debt:
Mar 25, 10 12.6536 0.0600 0.0558 Mar 25, 10 13.0766 0.1800 0.1675 Liquid Plus: (31), Debt: Liquid Plus Institutional:(33), Hybrid: Arbitrage (10). These Fund
Ratings are as on March 31, 2010.
HDFC Multiple Yield Fund (Past 3 years) The Value Research Ratings are published in Monthly Mutual Fund Performance
Report and Mutual Fund Insight. The Ratings are subject to change every month. The
(Dividend Option)
Rating is based on primary data provided by respective funds, Value Research does not
guarantee the accuracy.
Dec 12, 07 11.2528 1.0000 0.9307 Feb 18, 10 12.2853 1.5000 1.3961
# S&P CNX 500 / S&P CNX NIFTY /
HDFC Multiple Yield Fund - Plan 2005 CNX MID CAP / BSE SENSEX
(Dividend Option)
HDFC Equity Fund, HDFC Capital Builder Fund, HDFC TaxSaver, HDFC Premier
Multi-Cap Fund and HDFC Infrastructure Fund benchmarked to S&P CNX 500 Index,
HDFC Mid-Cap Opportunities Fund benchmarked to CNX Midcap Index and HDFC Long
Dec 12, 07 11.2388 1.0000 0.9307 Feb 18, 10 12.2283 1.5000 1.3961
Term Equity Fund benchmarked to S&P CNX Nifty, are not sponsored, endorsed, sold
or promoted by India Index Services & Products Limited (IISL). IISL is not responsible for
HDFC Income Fund any errors or omissions or the results obtained from the use of such index and in no
Dividend Option (Since March 2009) event shall IISL have any liability to any party for any damages of whatsoever nature
Record Date Cum Dividend NAV (Rs.) Dividend Per unit (Re.) For (including lost profits) resulted to such party due to purchase or sale or otherwise of
Individuals & HUF Others such product benchmarked to such index.
Mar 25, 09 10.8160 0.1500 0.1396 “Standard & Poor’s® and “S&P® are trademarks of The McGraw-Hill Companies,
Jun 25, 09 11.0688 0.1500 0.1396 Inc. and have been licensed for use by India Index Services & Products Limited (IISL),
Sep 25, 09 10.9548 0.1000 0.0931 which has sublicensed such marks to the HDFC Asset Management Company Limited.
Dec 29, 09 10.9985 0.1500 0.1396 The S&P CNX Nifty is not compiled, calculated or distributed by Standard & Poor’s and
Mar 25, 10 10.9094 0.1000 0.0931 Standard & Poor’s and IISL make no representation regarding the advisability of invest-
ing in products that utilize any such Index as a component. All rights in the SENSEX vest
HDFC High Interest Fund - Short Term Plan in Bombay Stock Exchange Ltd. (“BSE”). BSE and SENSEX are trademarks of BSE and are
used by HDFC Asset Management Company Limited under license. BSE shall not be liable
Dividend Option (Past 6 months)
in any manner whatsoever (including in negligence) for any loss arising to any person
Record Cum Div Dividend Per unit (Re.) For Record Cum Div Dividend Per unit (Re.) For whosoever out of use of or reliance on the SENSEX by any person.
Sep 25, 09 10.6368 0.0517 0.0481 Jan 11, 10 10.6313 0.0469 0.0436
Disclaimer:
Oct 26, 09 10.6461 0.0598 0.0557 Jan 25, 10 10.6091 0.0274 0.0255
Nov 10, 09 10.6681 0.0791 0.0736 Mar 10, 10 10.6366 0.0515 0.0479 The information contained herein should not be altered in any way, transmitted to,
copied or distributed, in part or in whole, to any other person or to the media or
Nov 25, 09 10.6298 0.0455 0.0424 Mar 25, 10 10.6149 0.0325 0.0302 reproduced in any form, without prior written consent of HDFC Asset Management
Company Limited (HDFC AMC) or the relevant owner of the intellectual property, as the
HDFC High Interest Fund case may be. All Intellectual property and intellectual property rights belong to the rel-
Quarterly (Dividend Option) Half-yearly (Dividend Option) evant owner of the intellectual property, and “Intouch Mutually” is a trademark of
(Past 3 quarters) (Past 2 years)
HDFC AMC.
Any information herein contained does not constitute and shall be deemed not to
constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do
so for any securities of any entity, and further, HDFC AMC / its subsidiaries / affiliates /
Jun 25, 09 11.2902 0.1500 0.1396 Mar 25, 08 10.7407 0.3500 0.3258 sponsors / trustee (HDFC AMC Group) or their officers, employees, personnel, directors
Sep 25, 09 11.1258 0.0500 0.0465 Sep 25, 08 10.3777 0.1000 0.0931 may be associated in a commercial, professional or personal capacity or may have a
Dec 29, 09 11.2507 0.1500 0.1396 Mar 25, 09 11.2151 0.5500 0.5119 commercial interest including as proprietary traders in or with the securities and/ or
Mar 25, 10 11.1841 0.1000 0.0931 Sep 25, 09 11.0080 0.2000 0.1861 companies or issues or matters as contained in this publication and such commercial
Mar 25, 10 11.0599 0.2500 0.2327 capacity or interest whether or not differing with or conflicting with this publication,
shall not make or render (HDFC AMC Group) liable in any manner whatsoever & (HDFC
Yearly (Dividend Option) (Past 3 years) AMC Group) or any of their officers, employees, personnel, directors shall not be liable
Record Date Cum Dividend NAV (Rs.) Dividend Per unit (Re.) For for any loss, damage, liability whatsoever for any direct or indirect loss arising from the
Individuals & HUF Others use or access of any information that may be displayed in this publication from time to
time. Recipients of the information contained herein should exercise due care and cau-
Mar 25, 08 11.5996 0.7000 0.6515 tion and read the Scheme Information Document(s) and Statement of Additional
Mar 25, 09 11.8425 0.6500 0.6050 Information (including if necessary, obtaining the advice of tax / legal / accounting /
Mar 25, 10 11.8406 0.4500 0.4188 financial / other professionals) prior to taking of any decision, acting or omitting to act,
^ Past performance may or may not be sustained in the future. on the basis of the information contained herein. The printing and mailing cost of this
All dividends are on face value of Rs.10 per Unit. After payment of the dividend, the per Unit NAV falls to the newsletter is charged to the respective schemes subject to Securities & Exchange Board
extent of the payout and statutory levy, if any. of India (Mutual Funds) Regulations, 1996.

hdfc-bk.qxd 4/8/2010 6:24 PM Page 2
Intouchmutually, March 2010, RNI Regd. No. MAHENG/2003/10804

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ANDHRA PRADESH Tel: (08392) 276576 Fax: (08392) 276580. HDFC AMC Ltd., 2nd Floor, Vinayak 96, Janpath, Bhubaneshwar 751 001.
HDFC AMC Ltd., 6-3-883/7, 2nd Floor, Saphire Square, Somajiguda, HDFC AMC Ltd., 190/3, 1st Floor, S.V.C. Plaza, Opposite Mothi Talkies, Tel: 0674 - 645 0502, 645 1502, Telefax: 0674 - 253 1483.
Hyderabad - 500 282. Tel: 040 - 2341 7401-05, Fax: 040 - 2341 7407. Gandhi Circle, Davangere - 577 002. Tel No: (08192) 250 240 / 241 / 242 HDFC AMC Ltd., 1st Floor, Plot No. 2690 (P) Bajrakabati Road, Ranihat,
HDFC AMC Ltd., 18-2-299/B,1st Floor,Leela Mahal Circle, Tirumala Bypass Road, Fax: (08192) 250243. Cuttack – 753 001. Tel: (0671) 2323724/ 725 Fax: (0671) 2324741.
Tirupati - 517507. Tel: 0877-2222871 & 72, Fax: 0877-2222689. HDFC AMC Ltd., Plot # 8 & 73, 3rd Floor, Rajesh Building, Super Market, HDFC AMC Ltd., Praful Tower, 1st Floor, Panposh Road, Rourkela - 769 004.
HDFC AMC Ltd., 2nd Floor, Centurion Bank Complex, Near Benz Circle, Main Road, Gulbarga - 585 101. Tel: (08472) 399910 Fax: (08472) 271041. Tel: (0661) 3988029,3982060/70 Fax: (0661) 3982068.
M. G. Road, Vijayawada - 520 010. Tel: No: (0866)-3988029. HDFC AMC Ltd., No. 1, First Floor, Revankar Comforts, Vivekanand Road, HDFC AMC Ltd., Kadambari Complex, 1st Floor, Unit - 4, Nayapara, Golbazar,
HDFC AMC Ltd., Ground Floor, Saigopal Arcade, Opp Waltair Club, Court Circle, Hubli - 580 029. Tel: (0836) 4252 294 / 95 Fax: (0836) 4252 290. Sambalpur - 768 001. Tel No: (0663) 2400 323 / 339 Fax: (0663) 2400324.
Waltair Main Road, Siripuram, Visakhapatnam - 530 003. HDFC AMC Ltd., # 493,1st Floor, 4th Cross, 2nd Main, Sampige Road, PONDICHERRY
Tel: 0891- 276 9636, Fax: 0891 - 255 0411. Malleshwaram, Bangalore - 560003. Ph: 080- 30922750, Fax: 080 - 30922753. HDFC AMC Ltd., No.17, I Floor, Sree Velayudham Complex,
HDFC AMC Ltd., #2-5-83/84, 1st floor, Mitra Lakshminarayana Arcade, HDFC AMC Ltd., UG - II, 6 & 7, Upper Ground Floor, Maximus Commercial Near Indhira Gandhi Square, Natesan Nagar, Pondicherry - 605 005.
Nakkala gutta, Hanmakonda, Warangal - 506002. Complex, Light House Hill Road, Opp. KMC, Mangalore - 575 001. Tel: (0413) 3043 293 / 500 / 600 Fax: (0413) 2206776.
Tel: 0870-2566005/06, Fax: 0870-2566010. Tel: 0824 428 5333 (B), 428 5337 (D) Fax: 0824 - 428 5336. PUNJAB
ASSAM HDFC AMC Ltd., No. 2918, CH 51 / 1 B, 1st Floor, Patel Mansion, HDFC AMC Ltd., SCO-28, 1st Floor, Taneja Towers, District Shopping Complex,
HDFC AMC Ltd., Premises- 1C, 1st Floor, Ganpati Enclave, G.S.Road, Kantharaj Urs Road, Saraswathipuram, Mysore - 570 009. Ranjit Avenue, Amritsar - 143 001.
Guwahati -781 007. Tel: (0361)-2464759/60 Fax: (0361)-2464758. Tel: (0821) 4000 530 Fax: (0821) 4000 535. Tel: (0183) 3988029 / 2570 Fax: (0183) 3982599.
BIHAR KERALA HDFC AMC Ltd., SCO 375-376, Ground Floor, Sector 35-B,
HDFC AMC Ltd., Ishwari Complex, 1st Floor, Dr. Rajendra Prasad Road, HDFC AMC Ltd., 3rd Floor, City Mall, Opposite YMCA, Kannur Road, Chandigarh - 160 022. Tel: 0172 - 262 3397, 262 4497, Fax: 0172 - 301 3839.
Bhagalpur - 812 002. Tel No: (0641) 2300 390 Fax: (0641) 2300391. Calicut - 673 001. Tel: (0495) - 4099222 / 333, 3982310 Fax: (0495) - 3982330. HDFC AMC Ltd., 2nd Floor, Above ING Vysya Bank, Adjacent to Sekhon Grand
HDFC AMC Ltd., C/o. Hera Enclave (adjacent to Sahara Unique Showroom), HDFC AMC Ltd., Second Floor, Down Town Complex , Near Koyili Hospital, Hotel, Namdev Chowk, G T Road, Jalandhar City - 144 001.
Mezzanine Floor, New Dak Bungalow Road, Patna - 800 001. Kannur - 670004. Tel: 0497-6450489, 2762045, 2762044, Fax: 0497-2762046. Tel: (0181) 3988029 / 970 Fax: (0181) 3982966.
Tel: 0612 - 2230540. 3201439, 2200747, 9931770771 Fax: 0612 - 2200747. HDFC AMC Ltd., Ground Floor, Cinema Cum Commercial Complex, HDFC AMC Ltd., SCO 122, Feroze Gandhi Market, Ludhiana - 141 001.
CHHATTISGARH Behind Ravipuram Bus Stop, M.G. Road, Kochi - 682 016. Tel: 0161 - 277 4321, 501 4321, Fax: 0161 - 301 3838.
HDFC AMC Ltd., Chawla Complex, Ground Floor, Near Vanijya Bhavan, Tel: 0484 - 235 7707 / 08, 324 3058 / 059, 235 8462. Telefax: 0484 - 235 8462. RAJASTHAN
Devendra Nagar Road, Sai Nagar, Raipur . 492 001. Tel: 0077 - 14020167. HDFC AMC Ltd., 1st Floor Sofia Complex, Near Andamukkam Bus Stand, HDFC AMC Ltd., Unit Nos. 72-75, 4th Floor, K C Complex, Daulatbagh Road,
DELHI Beach Road, Kollam - 691001. Tel: 0474-2752070/71, Fax: 0474-2752073. Ajmer. Tel: 0145 - 3099 000.
HDFC AMC Ltd., 4th Floor, Mohan Dev Bldg., 13, Tolstoy Marg, Connaught Place, HDFC AMC Ltd., 1st Floor, Kaniamparambil Arcade, G S Junction, Shasthri Road, HDFC AMC Ltd., Moondhra Bhavan, 3 Ajmer Rd, Jaipur - 302 001.
New Delhi - 110 001. Tel: 011 - 6632 4000. Fax: 011 - 2335 1317. Kottayam - 686001. Tel: 0481-3018392/93/94/95, Fax: 0481-3018397. Tel: 0141 - 511 1125, 237 4968, Fax: 0141 - 511 1126.
HDFC AMC Ltd.,* 14th Floor, Mohan Dev Bldg., 13, Tolstoy Marg, Connaught HDFC AMC Ltd., 14/868, Ground Floor, Sri Krishna Complex, Coimbatore Road, HDFC AMC Ltd., Gulab Singh Building, 11, Chopasani Road, Jodhpur - 342 003.
Place, New Delhi - 110 001. Tel: 011 - 6632 4000. Fax: 011 - 2335 1317. Palghat - 678 001. Tel: 0491 2548300. Fax: 0491 2548303. Tel: (0291) - 510 1927, 510 1937. Fax: 0291 - 5105919
GOA HDFC AMC Ltd., 2nd Floor,E-Town Shopping, College Road, East Fort, HDFC AMC Ltd., 1st Floor, Gowardhan Plaza, 25, Trench Colony, Opposite Lok
HDFC AMC Ltd., Ground Floor, G3 & G4 Jivottam, Minguel Miranda Road, Thrissur - 680005. Tel: 0487-2441976, Fax: 0487-2441976. Kalamandal, Udaipur - 313 001. Tel: (0294) 3988029 Fax: (0294) 3982000.
Off. Abade Faria Road, Margao - 403 601. HDFC AMC Ltd., Ground Floor, Bhadra Tower, Cotton Hill Road, Vazhuthacaud, TAMIL NADU
Tel: 0832 - 2737410 / 2737411,Fax: 0832-2736477. Thycaud PO, Trivandrum - 695 014. HDFC AMC Ltd., ITC Centre, 1st Floor, 760 Anna Salai, Chennai - 600 002.
HDFC AMC Ltd., S1, Second Floor, Above Axis Bank, Edcon Centre, Angod, Tel: 0471 - 3983 730 / 731 / 732, Fax: 0471 - 3983 738. Tel: 044 - 4397 9797, Fax: 044 - 2841 5855.
Mapusa - 403 507, Bardez. Tel: 0832 - 2253 460 / 461, Fax: 0832 - 2253 465. MADHYA PRADESH HDFC AMC Ltd., 1st Floor, No1 Bhimsena Garden Street, Royapettah High Road,
HDFC AMC Ltd., A3, First Floor, Krishna Building, Opp. Education Dept, Behind HDFC AMC Ltd.,1st Floor, Ranjeet Tower, 8, Zone-II, M.P. Nagar, Mylapore, Chennai – 600 004. Tel: (044) 30913060 Fax: (044) 30913082.
Susheela Building, G.P. Road, Panaji - 403 001. Bhopal - 462 011.Tel: 0755 - 428 5385, 424 6995 Fax: 0755 - 405 8890. HDFC AMC Ltd., 1371A, Ground Floor, Nadar Building Trichy Road,
Tel: 0832 - 242 5609, 242 5610, Fax: 0832 - 242 5614. HDFC AMC Ltd., First Floor, Alakhnanda Towers, Coimbatore - 641 018. Tel: 0422 - 439 1861 / 62 / 63, Fax: 0422 - 439 1714.
HDFC AMC Ltd., 6, Ground Floor, Pereira Chambers, Padre Jose Vaz Road, Shrimant Madhav Rao Scindia Marg, City Centre, Gwalior - 474 001. HDFC AMC Ltd., Investor Service Centre No 127C/3 East Veli Street,
Vasco - 403 802, Mormugao. Tel: 0832 - 2513 402 / 406, Fax: 0832 - 2513 448. Tel: (0751) - 4066060, 3988029 Fax: (0751) - 3982803. Madurai. Tel: 0452 - 3988029.
GUJARAT HDFC AMC Ltd., 15/3, Sterling Arcade, Race Course Rd., Indore - 452 001. HDFC AMC Ltd., First floor, Ram Complex, No. 454/3, Meyanoor Main Road,
HDFC AMC Ltd., 2nd Floor, Megha House, Besides Gruh House, Tel: 0731 - 424 5434 / 35 (B) Fax: 0731 - 424 5436. Salem - 636 009. Tel : (0427) 3982680/700 Fax: (0427) 233361.
Mithakhali Six Roads, Ahmedabad - 380 009. HDFC AMC Ltd., First Floor, Muthye Udyog Bhawan,1039, Wright Town, HDFC AMC Ltd., No. 60, Sri Krishna Arcade, First Floor, Tennur High Road,
Tel: (B) 079 - 4005 0055/66 Telefax: 079 - 4005 0506. Opp. Telephone Exchange, Jabalpur - 482 002. Tennur, Trichy - 620 017. Tel: (0431) 3982830 Fax: (0431) 3982835.
HDFC AMC Ltd., Maruti Sharanam, No.117, 1st Floor, Anand-Vidhyanagar Road, Tel: (0761) - 4049800, 3988029 Fax: (0761) - 4068814. UTTARANCHAL
Opposite Nandbhumi Party Plot, Anand - 388 001. MAHARASHTRA HDFC AMC Ld., 76, Rajpur Road, Near RTO, Dehradun - 248 001.
Tel : (02692) - 398200 Fax: (02692) - 398222. HDFC AMC Ltd., Amar Arcade - II, Opp. Raja Peth Police Station, Raja Peth, Tel: (0135) 3988029/ 7434 Fax: (0135) 3987444.
HDFC AMC Ltd., 2nd Floor, Gangotri Plaza, Opposite Daxinamurty School, Amravati - 444601. Tel: (0721) 2562112, 2562113. UTTAR PRADESH
Waghawadi Road, Bhavnagar - 364 001. HDFC AMC Ltd., 2nd Floor, Renuka Commercial Complex, Samarth Nagar, HDFC AMC Ltd., B2, 1st Floor, 9/4, Shankar Point, Sanjay Place, Agra - 282 002.
Tel : (0278) - 3988029 Fax: (0278) - 3984039. Nirala Bazar,Nageshwar Wadi Road, Aurangabad - 431 001. Tel: (0562) 3984761-73 Fax: (0562) 3984777.
HDFC AMC Ltd., 1st Floor, B Wing, Katira Complex, RTO Circle, Tel: (0240) - 3988029 Fax: (0240) - 3982068. HDFC AMC Ltd., 3/260 – A Arena Complex, Laxmibai Marg,Marris Road,
Bhuj - 370 001. Tel No: (02832) 223 223. Fax: (02832) 251 946. HDFC AMC Ltd.,** 1st Floor, Anant Kuti (Bibikar Bldg.), Manpada Road, Aligarh - 202001. Tel: (0571) – 2740770/771/772. Fax: (0571) – 2740772.
HDFC AMC Ltd., 2nd Floor, Keshav Complex, P N Marg, Opposite Dhanvantry, Opp. Municipal Corporation Bldg, Dombivli (E) - 421 201. HDFC AMC Ltd., Agarwal Arcade, 4 Sardar Patel Marg, 3rd Floor,
Jamnagar - 361 001. Tel : (0288) - 3988029 Fax: (0288) - 3982426. Tel: +91 (251) 286 1474, 286 1473. Fax: +91 (251) 286 1375 Allahabad – 211001. Tel: 0532 – 2561035/36/38.
HDFC AMC Ltd., 2nd Floor, Rajendra Estate, State Highway, Mehsana - 384 002. HDFC AMC Ltd., 138, Ground Floor, Kavya Ratnavali Chowk, Omkareshwar Road, HDFC AMC Ltd., 146 Civil Lines, 1st Floor, Gupta Complex, Near Circuit House
Tel: 60006767 Fax: 02762 - 302020. Jalgaon – 425 002. Tel: (0257) 3982100/ 01 Fax: (0257) 3982114. Chouraha, Bareilly - 243 001. Tel: (0581) 2510 749 / 759 Fax: (0581) 2510709.
HDFC AMC Ltd., 2nd Floor, Shiv Darshan,Dr Radha Krishnan Road, 5, Jagnath HDFC AMC Ltd., Royal Prestige, C1/C9, 1st Floor, E - Ward, Sykes Extension, HDFC AMC Ltd., D-2, 1st Floor, Raj Nagar District Centre, Raj Nagar,
Plot Corner, Rajkot - 360 001. Tel: 0281 662 4881/82. Fax: 0281 662 4883. Rajarampuri Road, Kolhapur - 416 008. Ghaziabad - 201010. Tel No - 0120 - 3010635, Fax: 0120 - 3010636.
HDFC AMC Ltd., U1 - U3, Jolly Plaza, Opp Athwa Gate Police Station, Athwa Tel : (0231) - 3988029 Fax: (0231) - 3982060. HDFC AMC Ltd., 1st Floor, 16/80 D, Behind SBI Main, Civil Lines,
Gate, Surat - 395 001. Tel: 0261 - 246 0082 / 83. Fax: 0261 - 246 0091. HDFC AMC Ltd.,** Shop No. 3, Abhishek Building, Ground Floor, Kanpur - 208 001. Tel: 0512 - 233 1484-87, Fax: 0512 - 233 1487.
HDFC AMC Ltd., Upper Ground Floor, Gokulesh, R C Dutt Road, Next to Vijay Sales, S.V. Road, Andheri (W), Mumbai - 400 058. HDFC AMC Ltd., 4 Shahnajaf Road, Lucknow - 226 001.
Vadodara - 390 007. Tel: 0265 6621110, 6621120, Fax: 0265 6621150. Tel: (022) 26285389, 26708239, 32157334/332 Fax: (022) 26241131. Tel: 0522 - 220 7591, 220 0163, Fax: 0522 - 223 0408.
HDFC AMC Ltd., 5-B, 2nd Floor, Sapphire Building, Daulatnagar, Chala-Vapi Road, HDFC AMC Ltd.,** Unit No. 101, First Floor,Landmark Building, 136 Hill HDFC AMC Ltd., 143/145/1 Ganpati Plaza, Ground Floor, Magal Pandey Road,
Vapi - 396 191. Tel No: (0260) 3983900 Fax: (0260) 3983908. Road,Opp. St. Peters Church, Bandra (West), Mumbai - 400 050. Meerut – 250 005. Tel No: (0121) – 2602380/2601964. Fax: (0121) -2602380,
HARYANA Tel: (022) 26434760/1/2/3/4 Fax: (022) 26434768 HDFC AMC Ltd., Parsvnath Plaza-II, UGF Hall No.4, Delhi Road,
HDFC AMC. Ltd., TA - 12A, 15-18, Third Floor, Crown Plaza, HDFC AMC Ltd.,** Shop # 7, Abhilasha Building, Punjabi Lane, Borivali (W), Moradabad - 244 001. Tel: (0591) 3988029 / 3982131 Fax: (0591) 3982137.
Sector 15A, Mathura Road, Faridabad - 121001. Mumbai - 400 092. Tel: (022) 28952702 / 28901497 Fax: (022) 28949392. HDFC AMC Ltd., K-24/25, Premises No. 36 & 37, Pearl Plaza, Sector-18,
Tel : (0129) 2221 338 / 339 / 341 / 342 / 343 Fax: (0129) 2221 340. HDFC AMC Ltd., Mistry Bhavan, 1st Flr, 122, Backbay Reclamation, Noida - 201 301. Tel: (0120) 3988029 Fax: (0120) 3980610.
HDFC AMC Ltd., Premises 102, 1st Floor, Vipul Agora, MG Road, Dinsha Vachha Road, Churchgate, Mumbai - 400 020. HDFC AMC Ltd., D-64/127, 4th Floor, Arihant Complex, Sigra,
Gurgaon - 122 002. Tel No: (0124) 2560 450 - 54 Fax: (0124) 2560455. Tel: 022 - 6000 6767 Fax: 022 - 2282 1144. Varanasi - 221010. Tel: 9935177068, 9935147068.
HDFC AMC Ltd., 1175 B Royal 1, 1st Floor, Adjoining Gurudawara, G.T Road, HDFC AMC Ltd.,* Ramon House, 3rd Flr, H. T. Parekh Marg, 169, WEST BENGAL
Panipat - 132 103. Tel: (0180) 3985400/ 01 Fax: (0180) 3985403. Backbay Reclamation, Churchgate, Mumbai - 400 020. Tel: 022 - 6631 6333. HDFC AMC Ltd., City Plaza, City Centre, 1st Floor, Durgapur - 713 216.
JAMMU & KASHMIR HDFC AMC Ltd.,** Shop No. 1 & 2, Ground Floor, Atlantic Tower, Tel: (0343) 3982150 Fax: (0343) 3982153.
HDFC AMC Ltd., Hall No-102 A/2, South Block, Bahu Plaza, Gandhi Nagar, R B Mehta Road, Near Railway Station, Ghatkopar (East), Mumbai - 400 077. HDFC AMC Ltd., MS Towers, 2nd Floor, OT Road,
Jammu - 180 012. Tel: (0191)-2477911/12/13 (0191) 2474297/98/99. Tel: (022) 25011507/0805/1664/2486 Fax: (022) 25116805. Inda (Opposite Kharagpur College) Kharagpur - 721305.
JHARKHAND HDFC AMC Ltd., 106-110, Shriram Shyam Towers, 2nd Floor, Tel: (03222) 227627 / 227657 Ext: 101, Fax: (03222) 227683.
HDFC AMC Ltd., Vardhan Complex, 1st Floor, Opp. Sreeleathers Showroom, Bank Next to NIT Building, Kingsway, Sadar, Nagpur - 440 001. HDFC AMC Ltd., Menaka Estate, 1st Floor, 3 Red Cross Place, Kolkata - 700 001.
More, Dhanbad - 826 001. Tel: (0326) 3205352, 2301756 Fax: (0326) 2300552. Tel: 0712 - 663 0301 / 04, Fax: 0712 - 663 0302. Tel: 033 - 2242 7849/53/56/59. Fax: 033 - 2243 9582.
HDFC AMC Ltd., Gayatri Enclave, “K” Road, Bistupur, Jamshedpur - 831 001. HDFC AMC Ltd., G-1 & G-2, Ground Floor, Suyojit Heights, HDFC AMC Ltd., Gitanjali Complex, 2nd Floor, Above Corporation Bank,
Tel: 0657 - 2426730. Telefax: 0657 - 3291826. Opp. Rajiv Gandhi Bhavan, Sharanpur Road, Nashik 422 002. Sevoke Road, Siliguri - 734 001. Tel: (0353) - 6453474 Fax: (0353) 2545270.
HDFC AMC Ltd., Pradhan Towers, 1st Floor, 5, Main Road, Ranchi - 834 001. Tel: 0253 - 661 1831/32 (B), 661 1835 (D) Fax: 0253 - 661 1836.
Tel: (0651) 6003358 Fax: (0651) 3242077. HDFC AMC Ltd., HDFC House, 2nd Floor, Shivaji Nagar, University Road, * This is not an Investor Service Centre for HDFC Mutual Fund. However, this is
KARNATAKA Pune - 411 005. Tel: 020 - 2552 1680 / 2552 1681, Fax: 020 - 2552 1683. an Official Point of acceptance for acceptance of all on-going transactions from
HDFC AMC Ltd., No.114, 1st Floor, Prestige Towers, 99 & 100, Residency Road, HDFC AMC Ltd.,** Shop No. 21/22, Ground Floor, Rajdeep CHS, Institutional Investors only i.e. broadly covering all entities other than resident /
Bangalore - 560 025. Tel: 080 - 6620 5300, Fax: 080 - 4112 5255. Near Malhar Cinema, Gokhale Road, Thane (West) - 400 602. non-resident individuals. Institutional Investors are free to lodge their applications
HDFC AMC Ltd., # 145,1st Floor, 60ft Road, 5th Block, Koramangala, Tel: (022) 67124172/73/74/75/76 Fax: (022) 67124177 at any other official point of acceptance also.
Bangalore - 560034. Ph: 080-30922720, Fax: 080 - 30922728. HDFC AMC Ltd.,** BSE 1, Tech Building, 109, A Wing, 1st Floor, Opposite Vashi
HDFC AMC Ltd., Premises No. 4830 / B, First Floor, Dr. Ambedkar Road, Railway Station, Sector 30, Vashi - 400 703. Tel: (022) - 39880299. **Official points of acceptance of transactions for schemes of HDFC Mutual Fund
Opp. Civil Medical College, Belgaum - 590 002. ORISSA except purchase transactions of Liquid Schemes / Plans viz. HDFC Liquid Fund,
Tel No: (0831) 4206 915 / 916 / 918 Fax: (0831) 4206919. HDFC AMC Ltd., Sri Jagannath Complex, 1st Floor, HDFC Liquid Fund - Premium Plan and Premium Plus Plan and HDFC Cash
HDFC AMC Ltd., # 63, Upper Ground Floor, Opposite Bellary Gas Agency, Opposite Hari - Omm Bhawan, Barbil - 758 035. Management Fund - Savings Plan & Call Plan.
Anantapura Cross Road, Bellary - 583 103. Tel No: 09238106515 / 09238106525 Fax: (06767) 277565.
Registered Office: Ramon House, 3rd Floor, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020.
Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the Scheme’s objective will be achieved and the NAV of the Schemes may go up or down depending upon the
factors and forces affecting the securities market. Past performance of the Sponsors and their affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performance of the Scheme(s) of the Mutual Fund. Investors in the
Scheme(s) are not being offered any guaranteed/assured returns. The names of the Scheme(s) do not in any manner indicate either the quality of the Scheme(s) or their future prospects and returns. Please read the respective Scheme Information
Document(s) and Statement of Additional Information carefully before investing. Each investor should before investing in the Scheme(s) make his/her own investigation and seek appropriate professional advice. Applications would be accept-
ed at Investor Service Centres (ISCs) and on-going Redemptions (subject to completion of Lock-in-Period, if any) can be made at the ISCs on all Business Days. The AMC will calculate and publish NAVs on all Business Days. This quarterly newslet-
ter contains unaudited figures. Statutory Details: HDFC Mutual Fund has been set up as a trust sponsored by Housing Development Finance Corporation Limited and Standard Life Investments Limited (liability restricted to their contribution of
Rs 1 lakh each to the corpus) with HDFC Trustee Company Limited as the Trustee (Trustee under the Indian Trusts Act, 1882) and with HDFC Asset Management Company Limited as the Investment Manager.
Published and printed by Shailendra Sharad Kalelkar for and on behalf of Business Standard Limited from H4, Paragon Condominium, Opposite Century Mills, P B Marg, Worli, Mumbai 400013, and
printed at Print House India Private Limited, 6, Datta Mandir Road, Bhandup (W), Mumbai 400 078. Editor: Rajiv Shirali.

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hdfc-cov-march-10.

qxd 4/8/2010 7:45 PM Page 1

Vol. No. 7 Issue No. 9

2 March 2010 Intouchmutually

Features of our following schemes

Minimum Purchase : Rs. 5,000 and any amount thereafter.

Lock-in Period Nil Nil Nil Nil Nil Nil

Intouchmutually March 2010 3

Features of our following schemes

4 March 2010 Intouchmutually

Features of our following schemes

Intouchmutually March 2010 5

Features of our following schemes

Inception Date February 10, 2006 June 25, 07 March 10, 08

Entry / Sales Load Not Applicable Not Applicable Not Applicable

Exit Load Redemption / switch-out from the date Nil * Nil *

Minimum Not Applicable^ Not Applicable^ Not Applicable^

Lock-in Period Nil Nil Nil

6 March 2010 Intouchmutually

Features of our following schemes

Lock-in Period Nil Nil Nil Nil

Intouchmutually March 2010 7

Features of our following schemes

Lock-in Period Nil Nil Nil Nil

8 March 2010 Intouchmutually

Features of our following schemes

HDFC Floating Rate Income Fund HDFC Gilt Fund

Nature of Scheme Open-ended Income Scheme. Open-ended Income Scheme.

Inception Date January 16, 2003 July 25, 2001

Intouchmutually March 2010 9

HDFC IN EQUITY - DIVERSIFIED CATEGORY

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

Relative Performance ^ (Growth Option) Relative Performance ^ (Growth Option)

10 March 2010 Intouchmutually

HDFC Top IN EQUITY - DIVERSIFIED CATEGORY

Intouchmutually March 2010 11

HDFC Core & Satellite Fund HDFC Premier

Relative Performance ^ (Growth Option) Relative Performance ^ (Growth Option)

12 March 2010 Intouchmutually

HDFC Index Fund HDFC Index Fund

Relative Performance ^ Relative Performance ^

Intouchmutually March 2010 13

HDFC Index Fund HDFC Arbitrage Fund

NAV (as at March 31, 2010) NAV per Unit (Rs.)

Relative Performance ^ – Growth Option

14 March 2010 Intouchmutually

An open-ended balanced scheme An open-ended balanced scheme

Relative Performance ^ (Growth Option) Relative Performance ^ (Growth Option)

Intouchmutually March 2010 15

HDFC Children’s Gift Fund HDFC Children’s Gift Fund

Relative Performance ^ Relative Performance ^

16 March 2010 Intouchmutually

HDFC Long Term HDFC IN EQUITY - TAX PLANNING CATEGORY

Relative Performance ^ (Growth Option) Relative Performance ^ (Growth Option)

Intouchmutually March 2010 17

HDFC Long Term Equity Fund HDFC Mid-Cap Opportunities Fund

Relative Performance ^ (Growth Option) Relative Performance ^ (Growth Option)

Std Deviation Beta Sharpe Ratio*

18 March 2010 Intouchmutually

HDFC Infrastructure Fund Dividend History ^

HDFC Balanced Fund (Past 3 years) Dividend Option

HDFC TaxSaver (Past 3 years) Dividend Option