SCHEME INFORMATION DOCUMENT

HDFC Gold Fund
AN OPEN-ENDED FUND OF FUND SCHEME INVESTING IN HDFC GOLD EXCHANGE TRADED FUND
Offer of Units at M 10 each for cash during the New Fund Offer (NFO) and Continuous offer of Units at Applicable NAV
New Fund Offer Opens on : October 7, 2011 New Fund Offer Closes on : October 21, 2011 Scheme re-opens on: Within 5 Business Days from the date of allotment

Name of Mutual Fund : HDFC Mutual Fund Name of Asset Management Company : HDFC Asset Management Company Limited Name of Trustee Company : HDFC Trustee Company Limited Addresses, Website of the entities: Address: Asset Management Company (AMC) : HDFC Asset Management Company Limited A Joint Venture with Standard Life Investments Limited Registered Office : Ramon House, 3rd Floor, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020. Trustee Company : HDFC Trustee Company Limited Registered Office : Ramon House, 3rd Floor, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020.

Website:

www.hdfcfund.com
The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, (hereinafter referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres (ISCs) / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of HDFC Mutual Fund, Tax and Legal issues and general information on www.hdfcfund.com. SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website - www.hdfcfund.com. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated September 12, 2011.

TABLE OF CONTENTS
Page No. 1. I. Highlights/Summary of the Scheme ................ INTRODUCTION A. B. Risk Factors ............................................ Requirement of Minimum Investors in the Scheme......................................... Definitions .............................................. Due Diligence by the Asset Management Company ............................................... Type of the Scheme ................................. What is the Investment Objective of the Scheme? ........................................... Where will the Scheme invest? ................ What are the Investment Strategies? ........ Fundamental Attributes............................ 5 8 8 9 11 12 12 12 14 14 17 17 17 18 18 B. 3 Policy regarding re-issue of repurchased units ............................... Restrictions on the right to freely retain or dispose of units being offered............. ONGOING OFFER DETAILS Ongoing Offer Period......................... Ongoing Price for subscription............ Ongoing Price for redemption ............ Cut-off timing..................................... Where can the applications for purchase / redemption / switches be submitted? .. Minimum amount for purchase / redemption / switches......................... Minimum balance to be maintained ... Special Products available................... Account Statements............................. Dividend ............................................ Redemption ........................................ Delay in payment of redemption / repurchase proceeds .......................... C. PERIODIC DISCLOSURES Net Asset Value .................................. Half Yearly Disclosures ....................... Half Yearly Results .............................. 19 19 19 19 19 19 19 19 20 20 21 22 22 22 V. RIGHTS OF UNITHOLDERS ......................... 46 46 Annual Report .................................... Associate Transactions ........................ Taxation ............................................. Investor services ................................. D. COMPUTATION OF NAV ..................... IV. FEES AND EXPENSES A. B. D. E. New Fund Offer (NFO) Expenses ............ Annual Scheme Recurring Expenses ......... Load Structure......................................... Waiver of Load for Direct Applications .... 44 44 44 45 46 41 42 42 42 42 42 43 43 25 26 26 26 27 27 27 27 38 38 39 41 Page No.

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C. Special Considerations, If Any ................. D. E. II.

INFORMATION ABOUT THE SCHEME A. B.

C. How will the Scheme allocate its assets?.. D. E. F.

G. How will the Scheme Benchmark its Performance? .......................................... H. I. J. Who manages the Scheme? .................... What are the Investment Restrictions? ...... How has the Scheme Performed? ............

III. UNITS AND OFFER A. NEW FUND OFFER (NFO) New Fund Offer Period ...................... New Fund Offer Price ......................... Minimum Amount for Application in the NFO ........................................ Minimum Target amount..................... Maximum Amount to be raised (if any) Plans / Options offered ...................... Dividend Policy ................................... Allotment............................................ Refund ............................................... Who Can Invest ................................. Where can you submit the filled up applications ........................................ How to Apply ..................................... Listing ................................................ Special Products / facilities available during the NFO .................................

C. Transaction Charges ...............................

VI. PENALTIES & PENDING LITIGATIONS ........

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HIGHLIGHTS/SUMMARY OF THE SCHEME
Investment Objective To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HGETF). Liquidity The Scheme will offer for Sale / Switch-in and Redemption / Switch-out of Units at NAV based prices on every Business Day on an ongoing basis, commencing not later than 5 business days from the allotment of Units of the Scheme. As per SEBI (MF) Regulations, the Mutual Fund shall despatch redemption proceeds within 10 Business Days from the date of redemption. A penal interest of 15% or such other rate as may be prescribed by SEBI from time to time, will be paid in case the payment of redemption proceeds is not made within 10 Business Days from the date of redemption. The processing of redemption requests within 10 Business Days of the Redemption date will be subject to the ability of the Scheme to liquidate units of HGETF on the stock exchange(s) and/ or directly with the Fund. In case of liquidation of HGETF units directly with the Fund, the payment of redemption proceeds under the Scheme will be subject to receipt of redemption proceeds from HGETF. Please refer to section ‘Redemption’ on Page 39 for details. Domestic price of physical gold

Benchmark

Transparency / NAV The AMC will calculate and disclose the first NAV of the Scheme not later than 5 Business days Disclosure from the allotment of Units of the Scheme. Subsequently, the NAV will be calculated and disclosed at the close of every Business Day and released to the Press, News Agencies and the Association of Mutual Funds of India (AMFI) except in special circumstances described in ‘Suspension of Sale / Redemption / Switching of Options of the Units’ under section ‘Restrictions, if any, on the right to freely retain or dispose of Units being offered’ on Page 24. NAVs will also be displayed on the website of the Mutual Fund. In addition, the ISCs would also display the NAVs. The AMC shall update the NAVs on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 10.00 a.m. on every next Business Day. The NAV shall be calculated for all Business days and released to the Press with one day lag with an asterix explaining that the NAVs are with one day/ or the actual time lag. In case of any delay, the reasons for such delay would be explained to AMFI in writing. If the NAVs are not available before commencement of Business Hours on the following day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAVs. The AMC may disclose details of the portfolio of the Scheme on a monthly basis on its website or at such frequency as may be decided by the Trustee / AMC from time to time. As presently required by the SEBI (MF) Regulations, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. Loads (For Lumpsum Purchases and Investments through SIP/STP) For Purchases during the NFO Period and on an Ongoing basis: Entry 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 unitsan Exit Load of 2% is payable if Units are redeemed / switched-out within 6 months from the date of allotment. an Exit Load of 1% is payable if Units are redeemed / switched-out after 6 months but 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 For further details on load structure refer to the section ‘Load Structure’ on Page 45. Minimum Application During NFO Period: Amount Purchase: R 5,000 and any amount thereafter. In case of investors opting to switch into the Scheme from the existing Schemes of HDFC Mutual Fund (subject to completion of Lock-in Period, if any) during the NFO Period, the minimum amount is R 5,000 per application and any amount thereafter. On an ongoing basis: Purchase: R 5,000 and any amount thereafter. Additional Purchase: R 1,000 and any amount thereafter.

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Transaction Charges (For Lumpsum Purchases and SIP Investments received through distributor/ agent)

In accordance with SEBI circular no. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the AMC shall deduct the Transaction Charges on purchase / subscription of v 10,000 and above received from first time mutual fund investors and investor other than first time mutual fund investors through the distributor/agent (who have opted to receive the transaction charges) as under: First Time Mutual Fund Investor: Transaction charge of v 150/- for subscription of v 10,000 and above will be deducted from the subscription amount and paid to the distributor/agent of the first time investor. The balance of the subscription amount shall be invested. Investor other than First Time Mutual Fund Investor: Transaction charge of v 100/- per subscription of v 10,000 and above will be deducted from the subscription amount and paid to the distributor/agent of the investor. The balance of the subscription amount shall be invested. However, transaction charges in case of investments through Systematic Investment Plan (SIP) shall be deducted only if the total commitment (i.e. amount per SIP installment x No. of installments) amounts to v 10,000/- or more. The transaction Charges shall be deducted in 3-4 installments. Transaction charges shall not be deducted for : purchases /subscriptions for an amount less than v 10,000/-; transaction other than purchases/ subscriptions relating to new inflows such as Switch/ STP/ SWAP/DTP etc. , No transaction charges will be deducted for any purchase/subscription made directly with the Fund (i.e. not through any distributor/agent). For further details on transaction charges refer to the section ‘Transaction Charges’ on Page 44.

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I. INTRODUCTION
A. RISK FACTORS Standard Risk Factors:
Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. As the price / value / interest rates of the securities in which the Scheme invests fluctuates, the value of your investment in the Scheme may go up or down depending on the various factors and forces affecting the capital markets and money markets. Past performance of the Sponsors and their affiliates / AMC / Mutual Fund does not guarantee future performance of the Scheme(s) of the Mutual Fund. The name of the Scheme does not in any manner indicate either the quality of the Scheme or its future prospects and returns. The Sponsors are not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of R1 lakh each made by them towards setting up the Fund. The present Scheme is not a guaranteed or assured return scheme.

trends, market risks including trading risks in gold as commodity, legal restrictions on the movement/trade of gold that may be imposed by RBI, Government of India or countries that supply or purchase gold to/from India, trends and restrictions on import/export of gold in and out of India, etc. The Scheme assets are predominantly invested in HGETF and valued at the market price of the said units on the principal exchange. The same may be at a variance to the NAV of the underlying scheme, due to market expectations, demand / supply of the HGETF units, prevailing market conditions, etc. To that extent the performance of Scheme shall be at variance with that of the underlying scheme. The changes in asset allocation may result in higher transaction costs. The Scheme will subscribe according to the value equivalent to unit creation size as applicable for the underlying scheme. When subscriptions received are not adequate enough to invest in creation unit size, the subscriptions may be deployed in Debt, Government Securities and Money market instruments which will have a different return profile compared to gold returns profile. Alternatively the units of the underlying scheme may be acquired from the stock exchanges where the price quoted may be at variance with the underlying NAV, resulting in a higher acquisition costs. Taxation: Repurchase of units of the underlying scheme or sale of units of the underlying scheme on the Stock Exchange may attract short or long term capital gain tax depending upon the acquisition cost and holding period of the Units. Moreover, converting units of the underlying scheme to Gold may also attract Wealth tax. Furthermore, Gold is subject to indirect tax not restricted to the following: Sales Tax, Octroi, VAT, Stamp Duty, and Custom Duty. Hence, any change in the rates of taxation would affect the valuation of the Scheme. Redemption Risk: The units issued under the Scheme will derive liquidity primarily from the underlying scheme having creation / redemption process in creation unit size of predefined quantity of physical gold (currently 1 kg). At times prevailing market conditions may affect the ability of the underlying scheme to sell gold against the redemption request received. Furthermore, the endeavor would always be to get cash on redemptions from the underlying scheme. However, in case the underlying scheme is unable to sell for any reason, and delivers physical gold, there could be delay in payment of redemption proceeds pending such realization. Additionally, the Scheme will derive liquidity from trading units of underlying scheme on the exchange(s) in the secondary market which may be inherently restricted by trading volumes, settlement periods and transfer procedures. As there is no active secondary market developed or maintained by the underlying scheme, the processing of redemption requests at times may be delayed. In the event of an inordinately large number of redemption requests, or re-structuring of the Scheme’s investment portfolio, the processing of redemption requests at times may be delayed. Right to Limit Redemptions The Trustee, in the interest of the Unit holders of the Scheme offered in this Scheme Information Document

Scheme Specific Risk Factors
The Scheme is subject to the specific risks that may adversely affect the Scheme’s NAV, return and/or ability to meet its investment objective. The specific risk factors related to the Scheme include, but are not limited to the following: The Scheme shall invest predominantly in HGETF. Hence the Scheme’s performance shall primarily depend upon the performance of HGETF (the underlying scheme). Any change in the investment policies or the fundamental attributes of the underlying scheme could affect the performance of the Scheme. All risks associated with the underlying scheme, including performance of underlying physical gold, asset class risk, passive investment risk, indirect taxation risk, etc., will therefore be applicable to this Scheme. Investors who intend to invest in the Scheme are required to and deemed to have understood the risk factors of the underlying scheme. The investors of the Scheme will bear dual recurring expenses and possibly dual loads, if any, viz, those of the Scheme and those of the underlying scheme. Hence the investor under the Scheme may receive lower pre-tax returns than what they could have received if they had invested directly in the underlying scheme in the same proportion. The Portfolio disclosure of the Scheme will be limited to providing the particulars of the underlying scheme where the Scheme has invested and will not include the investments made by the underlying scheme. However, as the Scheme proposes to invest only in HGETF, the underlying assets will by and large be physical gold. The value (price) of gold may fluctuate for several reasons and all such fluctuations will result in changes in the NAV of Units under the Scheme. The factors that may effect the price of gold, among other things, include demand and supply for gold in India and in the global market, Indian and Foreign exchange rates, Interest rates, Inflation 5

inter alia. on any Business Day will depend upon the modalities of processing viz. HGETF may have to buy or sell gold from the open market. which may lead to counter party risks for the scheme for trading and settlement. Access to HGETF’s gold could also be restricted by natural events or human actions. This along with a simultaneous fall in value of collateral would render potential loss to HGETF. Any changes in the regulations relating to import and export of gold or gold jewellery (including customs duty. to limit redemptions (including suspending redemptions) under certain circumstances. etc. changes in interest rates and perceived trends in bullion prices. Physical Gold would be lent if permitted by the concerned regulatory authorities in India. Physical gold: There is a risk that part or all of HGETF’s gold could be lost. indirect taxes like customs duty. collection of application form. any change in the rates of indirect taxation would affect the valuation of HGETF. Currency Risk: The formula for determining NAV of the Units of HGETF is based on the imported (landed) value of gold. HGETF would ordinarily repurchase Units in Creation Unit Size. which can be redeemed on any Business Day depending on the ability of the Scheme to sell units of the underlying scheme and/or underlying scheme able to liquidate gold against the redemption request submitted by the Unit holders of the Scheme due to prevailing market conditions. The performance of HGETF may be affected by a general price decline in the Gold prices. market movements. Moreover. HGETF may have to resort to distress sale of gold if there is no or low demand for gold to meet its cash needs of redemption or expenses. is therefore subject to operational risks. Further. In addition. Thus Unit holding less than Creation Unit Size can only be sold through the secondary market on the Exchange. A day on which valuation on London Bullion Market Association (LBMA) is not available shall not be a Business day and hence NAV for the said day shall not be available to the Investors. It is also possible that the borrowing party and/or the approved intermediary may suddenly suffer severe business setback and become unable to honor its commitments. In the event that the price of gold declines. HGETF invests in the physical Gold regardless of their investment merit. Market Trading Risks Although units of HGETF are listed on the Exchange. Any of these actions may have adverse impact on the operations of HGETF and consequently on investment in Units of HGETF. trading in units of HGETF is subject to trading halts caused by extraordinary market volatility and pursuant to the Exchange and SEBI . The factors that may effect the price of gold. Risks Associated Processing of Transaction Through Stock Exchange Mechanism The trading mechanism introduced by the stock exchange(s) is configured to accept and process transactions for mutual fund units in both Physical and Demat Form. if any. there can be no assurance that an active secondary market will be developed or be maintained. Passive Investments: HGETF is not actively managed. In view of the above. Operational Risks: Gold Exchange Traded Funds (GETFs) are relatively new products and their value could decrease if unanticipated operational or trading problems arise. trading in units of HGETF is not advisable. Hence. as described on Page 24 under ‘Right to Limit Redemptions’ in Section ‘Restrictions. the price received upon the redemption of Units of HGETF may be less than the value of the gold represented by them. an open ended Exchange Traded Fund. there are adequate numbers of players (commercial or bullion bankers) to whom HGETF can sell gold. The allotment and/or redemption of Units through NSE and/or BSE or any other recognised stock exchange(s). Trading in units of HGETF on the Exchange may be halted because of market conditions or for reasons that in view of the Exchange Authorities or SEBI. VAT. Risk factors associated with HGETF Market Risk : The value of the Units of HGETF relates directly to the value of the gold held by HGETF and fluctuations in the price of gold could adversely affect investment value of the Units of HGETF. Also the risk could be in the form of non-availability of ready physical gold for sale. would also be considered. Regulatory Risk: Any changes in trading regulations by the stock exchange(s) or SEBI may affect the ability of Authorised Participant of HGETF to arbitrage resulting into wider premium/ discount to NAV. investors should be aware that there is no assurance that gold will maintain its long-term value in terms of purchasing power. upon which the Fund has no control. Counter party Risk: There is no Exchange for physical gold in India. Indirect taxation: For the valuation of gold by HGETF. on the right to freely retain or dispose of units being offered’. etc.and keeping in view of the unforeseen circumstances / unusual market conditions. transactions conducted through the stock exchange mechanism shall be governed by the operating guidelines and directives issued by respective recognised stock exchange(s). include economic and political developments. Asset Class Risk: The returns from physical Gold in which HGETF invests may underperform returns from the securities or other asset classes. in its sole discretion. The value of gold or NAV. exchange rates. damaged or stolen. HGETF landed value of gold is computed by multiplying international market price by US dollar value. the Trustee has the right. may limit the total number of Units. during the period physical gold is lent. therefore will depend upon the conversion value of US dollar into Indian rupee and attracts all the risks attached to such conversion. etc. the value of investment in Units of HGETF is expected to decline proportionately. order processing/settlement. Liquidity Risk: HGETF has to sell gold only to bullion bankers/traders who are authorized to buy gold. sales tax and any such other statutory levies) may affect the ability of HGETF to buy/ sell gold against the purchase and redemption requests received. Though. 6 Risk associated with Lending of physical Gold The physical gold lending activity by HGETF will have the inherent probability of collateral value drastically falling in time of strong downward market trends resulting in inadequate value of collateral. Redemption Risk: Though this is an open-ended scheme. In addition. inflation trends. The AMC does not attempt to take defensive positions in declining markets. HDFC Gold Exchange Traded Fund.

to the extent invested in Debt. corporate bonds carry a higher level of risk than Government securities. Scheme’s performance may differ from the benchmark index to the extent of the investments held in the debt/ money market segment. The NAV of the Scheme is expected to increase from a fall in interest rates while it would be adversely affected by an increase in the level of interest rates. requiring the investment manager to make a distress sale of the securities leading to realignment of the portfolio and consequently resulting in investment in lower yield instruments. This may increase the risk of the portfolio. days to maturity and the increase or decrease in the level of interest rates. 7 . This may increase the risk of the portfolio. Securities. the interest rate risk of zero coupon securities is higher. central banks and related institutions. leading to an asset-liability mismatch and therefore. when interest rates rise. lack a well developed secondary market. At times. which are not quoted on the stock exchanges. in comparison to securities that are listed on the exchanges or offer other exit options to the investor. at times. the Scheme risk may increase or decrease depending upon its investment pattern. the price of units of HGETF will be adversely affected. be restricted by trading volumes and settlement periods. Risk factors associated with investing in Fixed Income Securities The Net Asset Value (NAV) of the Scheme. The Trustee. these securities are more sensitive to changes in interest rates. their prices are influenced only by movement in interest rates in the financial system. The extent of fall or rise in the prices is a function of the existing coupon. Different segments of the Indian financial markets have different settlement periods and such periods may be extended significantly by unforeseen circumstances leading to delays in receipt of proceeds from sale of securities. bonds. own a significant portion of the aggregate world gold holdings. settlement periods and transfer procedures may restrict the liquidity of the investments made by the Scheme. which may restrict the selling ability of the Scheme and may lead to the Scheme incurring losses till the security is finally sold. the Scheme may not be able to invest in securities falling within its investment objective resulting in holding the monies collected by it in cash or cash equivalent or invest the same in other permissible securities amounting to substantial reduction in the earning capability of the Scheme. while fairly liquid. Conversion of underlying physical gold into the units of HGETF may attract capital gain tax depending on acquisition cost and holding period. Government Securities are unique in the sense that their credit risk generally remains zero. The NAV of the Units of the Scheme can go up or down because of various factors that affect the capital markets in general.g. HGETF may provide for the creation and redemption of units in Creation Unit Size directly with the Fund and therefore. As the liquidity of the investments made by the Scheme could. This may increase the absolute level of risk of the portfolio. it is expected that large discounts or premiums to the NAV of the units of HGETF will not sustain due to arbitrage opportunity available. However. The AMC may. While securities that are listed on the stock exchange carry lower liquidity risk. may limit the total number of units. Therefore. Accordingly. If one or more of these institutions decides to sell in amounts large enough to cause a decline in world gold prices. the ability to sell these investments is limited by the overall trading volume on the stock exchanges and may lead to the Scheme incurring losses till the security is finally sold. The trading prices of units of HGETF will fluctuate in accordance with changes in their NAV as well as market supply and demand for the units of HGETF. Money market securities. Government and Money Market securities. Generally. Any changes in trading regulations by the Stock Exchange(s) or SEBI may affect the ability of market maker to arbitrage resulting into wider premium/ discount to NAV. will be affected by changes in the general level of interest rates. are comparatively less risky than bonds. the time taken by the Mutual Fund for redemption of Units may be significant in the event of an inordinately large number of redemption requests or restructuring of the Scheme. considering the overall level of risk of the portfolio. The Scheme at times may receive large number of redemption requests. as per the investment pattern indicated under normal circumstances. including a put option. The NAV of HGETF will fluctuate with changes in the market value of scheme’s holdings. invest in lower rated / unrated securities offering higher yields as well as zero coupon securities that offer attractive yields. which are AA rated. which are AAA rated. due to the forces and factors affecting the capital market. The new level of interest rate is determined by the rates at which government raises new money and/or the price levels at which the market is already dealing in existing securities. Further even among corporate bonds. Government securities where a fixed return is offered run price-risk like any other fixed income security. Different types of fixed income securities in which the Scheme would invest as given in the Scheme Information Document carry different levels and types of risk. The units of HGETF may trade above or below their NAV.‘circuit filter’ rules. prices of fixed income securities fall and when interest rates drop. Governments. Therefore. As zero coupon securities do not provide periodic interest payments to the holder of the security. There can be no assurance that the requirements of the Exchange necessary to maintain the listing of units of HGETF will continue to be met or will remain unchanged. The price-risk is not unique to Government Securities. are inherently illiquid in nature and carry a larger amount of liquidity risk. Trading volumes. which can be redeemed on any Business Day. The AMC may choose to invest in zero coupon securities that offer attractive yields. It exists for all fixed income securities. e. in general interest of the Unit holders of HGETF and keeping in view of the unforeseen circumstances/ unusual market conditions. the prices increase. Investment in Debt Securities are subject to the risk of an issuer’s inability to meet interest and principal payments on its obligations and market perception of the creditworthiness of the issuer. The AMC may choose to invest in unlisted securities that offer attractive yields.

the Scheme complies with these two conditions. In case the Scheme does not have a minimum of 20 investors in the stipulated period. have to formulate and implement a client identification programme. there can be no guarantee that the tax position or the proposed tax position prevailing at the time of an investment in the Scheme will endure indefinitely. investment and other professional advisors to determine possible legal. If after due diligence. their directors or their employees shall not be liable for any of the tax consequences that may arise. AMC. No person has been authorised to issue any advertisement or to give any information or to make any representations other than that contained in this Scheme Information Document. Mutual Fund.B. except where otherwise stated. Investors are advised to consult their legal. information. including Mutual Funds. As is the case with any investment. etc. Redemption of Units by these entities may have an adverse impact on the performance of the Scheme and this may also affect the ability of other Unit holders to redeem their Units. their directors or their employees shall not be liable for any such tax consequences that may arise. whichever is earlier. The information given is included only for general purpose and is based on advise received by the AMC regarding the law and practice currently in force in India and the Unit holders should be aware that the relevant fiscal rules or their interpretation may change. the AMC shall have absolute discretion to report such suspicious transactions to FIU-IND and / or to freeze the folios of the investor(s). The Trustee. Circulars in connection with this offering not authorised by the Mutual Fund and any information or representations not contained herein must not be relied upon as having been authorized by the Mutual Fund. IF ANY The Trustee. before making a decision to invest / redeem Units. tax. The two conditions mentioned above shall also be complied within each subsequent calendar quarter thereafter. if such limit is breached during the NFO of the Scheme. Further. and are subject to changes therein. The Investors may take note that the Scheme may in future be registered/ recognized in any other applicable jurisdiction. the AMC believes that any transaction is suspicious in nature as regards money laundering. If there is a breach of the 25% limit by any investor over the quarter. The Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard. the Fund will endeavour to ensure that within a period of three months or the end of the succeeding calendar quarter from the close of the NFO of the Scheme. 2002. In the event of substantial investment by the Sponsors and their associates in the Scheme of the Mutual Fund. Any dispute arising out of the Scheme shall be subject to the exclusive jurisdiction of the Courts in India. if any. Investors should study this Scheme Information Document carefully in its entirety before investing. based on the law. the Mutual Fund may disclose such details to the bankers/ its agents as may be necessary for the purpose of effecting payments to the investor. in the event that the Scheme is wound up for the reasons and in the manner provided in ‘Statement of Additional Information (‘SAI’)’. on an average basis. tax. The distribution of this Scheme Information Document in certain jurisdictions may be restricted or totally prohibited to registration requirements and accordingly. The Mutual Fund may disclose details of the investor’s account and transactions there under to those intermediaries whose stamp appears on the application form. 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. AMC. all intermediaries. SPECIAL CONSIDERATIONS. reject any application(s) / allotment of Units and effect mandatory redemption of Unit holdings of the investor(s) at the applicable NAV subject to payment of exit load. Failure on the part of the said investor to redeem his exposure over the 25% limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. Statements in this Scheme Information Document are. Mutual Fund. 8 . However. persons who come into possession of this Scheme Information Document are required to inform themselves about and to observe any such restrictions and or legal compliance requirements. Investors should study this Scheme Information Document carefully in its entirety and should not construe the contents hereof as advise relating to legal. a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the limit. by the Trustee/ AMC as and when it desires. C. as specified by SEBI. In addition. failure to provide required documentation. the Rules issued there under and the guidelines/circulars issued by SEBI regarding the Anti Money Laundering (AML Laws). investment or any other matters. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME The Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme (at portfolio level). taxation. In view of the individual nature of tax consequences. each Unit holder is advised to consult his / her own professional tax advisor. the Mutual Fund may disclose details of the investor’s account and transactions thereunder to any Regulatory / Statutory entities as per the provisions of law. Neither this Scheme Information Document nor the Units have been registered in any jurisdiction. In terms of the Prevention of Money Laundering Act. the provisions of Regulation 39(2)(c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme shall be wound up and the Units would be redeemed at applicable NAV. practice currently in force in India. financial or other considerations of subscribing to or redeeming Units. verify and maintain the record of identify and address(es) of investors. Redemption by the Unit holder due to change in the fundamental attributes of the Scheme or due to any other reasons may entail tax consequences. The tax benefits described in this Scheme Information Document and Statement of Additional Information are as available under the present taxation laws and are available subject to relevant conditions.

A day on which the National Stock Exchange of India Limited is closed. registered with SEBI under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations. v. The interest on the instruments could also be in the nature of fixed basis points over the benchmark gilt yields. as amended from time to time. Consolidated Account Statement is a statement containing details relating to all the transactions across all schemes of all mutual funds viz. 1995.D. 1944. purchase. dividend reinvestment. A day on which normal business cannot be transacted due to storms. systematic withdrawal plan. corporates or PSUs with interest rates that are reset periodically. as amended or re-enacted from time to time.m. A day other than: i. Foreign Institutional Investor. iii. vi. A day on which Sale / Redemption / Switching of Units is suspended by the AMC. A person who has been granted a certificate of registration to carry on the business of custodian of securities under the Securities and Exchange Board of India (Custodian of Securities) Regulations 1996. 1992.30 p. Mumbai. systematic transfer plan and bonus transactions. dividend payout. 1956 and approved by the Securities and Exchange Board of India to act as the Asset Management Company for the scheme(s) of HDFC Mutual Fund. Gold Exchange Traded Fund/GETF means a fund whose Units are listed on an Exchange and can be bought/sold at prices. HDFC Gold Exchange Traded Fund is an open ended Exchange Traded Fund. The NAV applicable for purchase or redemption or switching. which may be close to the NAV of the Scheme. iv. systematic investment plan. redemption.30 a. “Fund of Fund Scheme” or “FOF” “Gilts or Government Securities” “GOI” “Gold Exchange Traded Fund” or “GETF” or “Gold ETF” “HDFC Gold Exchange Traded Fund” or “HGETF” or “Underlying Scheme” 9 . A mutual fund scheme that invest primarily in other schemes of the same mutual fund or other mutual funds. 1996 (22 of 1996) Load on Sale / Switch in of Units. DEFINITIONS In this Scheme Information Document. unless the context otherwise requires: “AMC” or “Asset Management Company” or “Investment Manager” “Applicable NAV” “ARN Holder”/ “AMFI registered Distributors” “Business Day” HDFC Asset Management Company Limited. half-yearly. incorporated under the provisions of the Companies Act. A day on which the banks in Mumbai and / RBI are closed for business /clearing. These funds predominantly invests in physical gold of predefined quantity and purity as announced by AMC(s)/ Mutual Fund(s) from time to time. quarterly. A day which is a public and /or bank holiday at a Investor Service Centre where the application is received. floods. monthly. on any Business Day or such other time as may be applicable from time to time. Government of India. Floating rate debt instruments are debt securities issued by Central and / or State Government. offered by HDFC Mutual Fund whose Units are presently listed on Bombay Stock Exchange Limtied (BSE) and National Stock Exchange of India Limited (NSE). ii. switch. Securities created and issued by the Central Government and/or a State Government (including Treasury Bills) or Government Securities as defined in the Public Debt Act. ‘Depository Participant’ means a person registered as such under subsection (1A) of section 12 of the Securities and Exchange Board of India Act. Saturday and Sunday. which for the time being is HDFC Bank Limited. Presently 9.m. Load on Redemption / Switch out of Units. The periodicity of the interest reset could be daily. etc. the following words and expressions shall have the meaning specified herein. to 5. “Business Hours” “Consolidated Account Statement (CAS)” “Custodian” “Depository Participant” “Depository” “Entry Load” or “Sales Load” “Exit Load” or “Redemption Load” “FII” “Floating Rate Debt Instruments” The AMC reserves the right to declare any day as a Business Day or otherwise at any or all Investor Service Centres. bandhs. based on the time of the Business Day on which the application is accepted. Depository as defined in the Depositories Act. Intermediary registered with Association of Mutual Funds in India (AMFI) to carry out the business of selling and distribution of mutual fund units and having AMFI Registration Number (ARN) allotted by AMFI. strikes or such other events as the AMC may specify from time to time. annually or any other periodicity that may be mutually agreed with the issuer and the Fund.

Securities and Exchange Board of India (Mutual Funds) Regulations. The agreement dated June 8. 10 . i. 1934. Computer Age Management Services Pvt. Includes commercial papers. Places. certificate of deposit. as the context permits. Sale of Government Securities with simultaneous agreement to repurchase them at a later date. or (c) the person is a spouse of an Indian citizen or person referred to in sub-clause (a) or (b) Physical gold will be of predefined quantity and purity as announced by AMC(s)/ Mutual Fund(s) from time to time. Purchase of Government Securities with a simultaneous agreement to sell them at a later date. established under the Securities and Exchange Board of India Act. currently acting as registrar to the Scheme. 1992. instructions or guidelines to the Mutual Fund. or (b) he or either of his parents or any of his grand parents was a citizen of India by virtue of Constitution of India or the Citizenship Act. 1882. or any other registrar appointed by the AMC from time to time. usance bills and any other like instruments as specified by the Reserve Bank of India from time to time. as specified by AMC from time to time where application for subscription / redemption / switch will be accepted on ongoing basis. Sale or allotment of Units to the Unit holder upon subscription by the investor / applicant under the Scheme. Rating means an opinion regarding securities. 2011 to October 21. 1955 (57 of 1955). the Option(s) thereunder). if any. Housing Development Finance Corporation Limited and Standard Life Investments Limited.e. commercial bills. assigned by a credit rating agency and used by the issuer of such securities.“Holiday” “Investment Management Agreement” “Investor Service Centres” or “ISCs” “Load” “Money Market Instruments” “Mutual Fund” or “the Fund” “Net Asset Value” or “NAV” “New Fund Offer” “New Fund Offer Period” “Non-Resident Indian” or “NRI” “Official Points of Acceptance” “Person of Indian Origin” “Physical gold” “Rating” “Reserve Bank of India” or “RBI” “Registrar and Transfer Agent” “Regulatory Agency” “Repo” “Reverse Repo” “Redemption” or “Repurchase” “Sale / Subscription” “Scheme Information Document” or “SID” “Scheme” or “HDFC Gold Fund” or “HGOF” “SEBI” “SEBI (MF) Regulations” or “Regulations” “Sponsors” or “Settlors” Holiday means the day(s) on which the banks (including the Reserve Bank of India) are closed for business or clearing in Mumbai or their functioning is affected due to a strike / bandh call made at any part of the country or due to any other reason. as amended from time to time. A citizen of any country other than Bangladesh or Pakistan. This document issued by HDFC Mutual Fund. a sum of money to be paid by the prospective investor on the Sale / Switch-in of a Unit in addition to the Applicable NAV. 1996. Reserve Bank of India. Chennai. A Non-Resident Indian or a person of Indian origin residing outside India. The date on or the period during which the initial subscription of Units of the Scheme can be made subject to extension. Offer for purchase of Units of the Scheme during the New Fund Offer Period as described hereinafter. established under the Reserve Bank of India Act. In the case of Redemption / Switch-out of a Unit. Net Asset Value per Unit of the Option(s) offered under the Scheme. Redemption of Units of the Scheme as permitted. treasury bills. a trust set up under the provisions of the Indian Trusts Act. to comply with any requirement of the SEBI (Credit Rating Agencies) Regulations. 1999. Designated HDFC Branches or Offices of HDFC Asset Management Company Limited or such other centres / offices as may be designated by the AMC from time to time. 2000 entered into between HDFC Trustee Company Limited and HDFC Asset Management Company Limited. HDFC Mutual Fund. SEBI. call or notice money. RBI or any other authority or agency entitled to issue or give any directions. expressed in the form of standard symbols or in any other standardised manner. Securities and Exchange Board of India. GOI. as amended from time to time. offering Units of the Scheme for subscription. Government securities having an unexpired maturity upto one year. calculated in the manner described in this Scheme Information Document or as may be prescribed by the SEBI (MF) Regulations from time to time. Limited (CAMS). HDFC Gold Fund offered under this Scheme Information Document (including. October 7. 2011. the sum of money deducted from the Applicable NAV on the Redemption / Switch-out and in the case of Sale / Switchin of a Unit. if (a) he at any time held an Indian passport.

A person holding Unit in the Scheme / Plan of HDFC Mutual Fund offered under this Scheme Information Document. except as otherwise expressly provided or unless the context otherwise requires: all references to the masculine shall include the feminine and all references. fair and adequate to enable the investors to make a well informed decision regarding investment in the proposed scheme. 2003 and June 19.“Statement of Additional Information” or “SAI” “Switch” “Trust Deed” “Unit” “Unit holder” or “Investor” The document issued by HDFC Mutual Fund containing details of HDFC Mutual Fund. subject to completion of lock-in period. The interest of the Unit holder which consists of each Unit representing one undivided share in the assets of the Scheme. (iii) The disclosures made in the Scheme Information Document are true. called HDFC Mutual Fund and deed of variations dated June 11. issued by the Government and any other competent authority in this behalf. (iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid. E. thereby establishing an irrevocable trust. 2000 made by and between HDFC and HDFC Trustee Company Limited (“Trustee”). to the singular shall include the plural and vice-versa. Redemption of a Unit in any scheme (including the plans / options therein) of the Mutual Fund against purchase of a Unit in another scheme (including the plans / options therein) of the Mutual Fund. A “crore” means “ten million” and a “lakh” means a “hundred thousand”. and certain tax. 2003. have been duly complied with. legal and general information. etc. as on date. The Trust Deed dated June 8. 1996 and the guidelines and directives issued by SEBI from time to time. INTERPRETATION For all purposes of this Scheme Information Document. (ii) All legal requirements connected with the launching of the scheme as also the guidelines. its constitution. all references to “dollars” or “$” refer to United States Dollars and “R” refer to Indian Rupees. of the Units of the scheme(s) from where the Units are being switched. Place : Mumbai Date: April 19. if any. instructions. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY A Due Diligence Certificate duly signed by the Chief Compliance Officer of HDFC Asset Management Company Limited has been submitted to SEBI. 2011 Signed Name Designation : Sd/: Yezdi Khariwala : Chief Compliance Officer 11 . all references to timings relate to Indian Standard Time (IST). SAI is legally a part of the Scheme Information Document.. which reads as follows: It is confirmed that: (i) The draft Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds) Regulations.

France. While gold has shown strong returns over recent years. However. As financial markets developed rapidly during the 1980s and 1990s. However. Japan. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME? The investment objective of the Scheme is to seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund. its most valuable contribution to a portfolio lies in the fact that it is not correlated with most other assets. except in line with the changes made in SEBI (MF) Regulations. out of the funds allocated shall primarily invest in HGETF and shall invest in Reverse repo and /or CBLO and /or money market instruments and/or Schemes which invest predominantly in the money market securities or Liquid Schemes. there are many reasons why people and institutions around the world are once again investing in gold. Minimum investment for a Gold ETF is one unit. An investor can get a consolidated view of his investments without adding too many different account statements. Switzerland. then in such cases the allocation to Reverse repo and / or CBLO and / or money market instruments and/or Schemes which invest predominantly in the money market securities or Liquid Schemes may be higher than indicated above. an investment and simply an object of beauty. at times the corpus of the scheme or subscriptions received on an ongoing basis may not be adequate for subscribing to one creation unit size as defined by the underlying scheme. even a small allocation to gold may significantly improve the consistency of portfolio performance during both stable and unstable financial periods. gold receded into the background. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Asset Allocation: The table below provides the broad asset allocation of the portfolio of Scheme to be followed under normal circumstances: Risk Indicative Profile Allocation (% to net assets) Units of HDFC Gold Exchange 95% to 100% Medium Traded Fund to High Instruments Reverse repo and /or CBLO and / or money market instruments and/or Schemes which invest predominantly in the money market securities or Liquid Schemes* 0% to 5% Low *The Fund Manager may invest in Liquid Schemes of HDFC Mutual Fund. Financial advisors and other investment professionals can provide further details about these products. Thus. from time to time. TYPE OF THE SCHEME : HDFC Gold Fund is an Open-ended Fund of Fund Scheme investing in HDFC Gold Exchange Traded Fund B. By design. 2007. Unlike derivative products. the securities are 100% backed by physical gold held mainly in allocated form.org Change in Asset Allocation Pattern The Scheme. C. Gold as an Asset Class Overview For thousands of years. underpinned by the fact that demand consistently outstrips supply. the asset allocation pattern as indicated above may not change. which invest predominantly in the money market securities. Helps in increasing liquidity of underlying gold market. No separate form filling for buying / selling units. Gold and Portfolio Diversification Asset allocation is an important aspect of any investment strategy. as the units will be in demat form. subject to the guidelines issued by SEBI vide its circular dated April 16. a commodity. Protects long-term investors from the inflows and outflows of short-term investors. INFORMATION ABOUT THE SCHEME A. only to the extent necessary to meet the liquidity requirements for honouring repurchase/redemptions/ expenses. This is because the gold price is not driven by the same factors that drive the performance of other assets. Exchange traded Gold Gold-backed securities Gold is traded in the form of securities on stock exchanges in Australia. these forms of securitised gold investment and all regulated financial products are generally referred to as Exchange Traded Commodities or Exchange Traded Funds (ETFs) are expected to track the gold price almost perfectly. In view of the nature of the Scheme. While a sustained price rally. South Africa. 12 . Benefits of Gold ETFs Can be easily bought / sold like any other stock on the exchange through terminals spread across the country. many investors now strive to achieve more effective diversification in their portfolios by incorporating alternative investments such as commodities. Hong Kong. Can be bought / sold anytime during market hours at prices that are expected to be close to actual NAV of the Scheme. Independent studies have shown that while alternative assets and traditional diversifiers often fail during times of market stress or instability. Turkey. To counter adverse movements in a particular asset or asset class. Ability to put limit orders. investor invests at real-time prices as opposed to end of day prices. It is just a phone call to your broker or a click on the net. Recent years have seen a striking increase in investor interest in gold. Mexico.II. Pending deployment of funds of the Scheme in securities in terms of the investment objective. Gold offers enhanced diversification opportunities relative to many alternative assets. investors hope to maximise returns and minimise risk. Source : www. the Fund Manager may invest in any other scheme of a mutual fund registered with SEBI. as amended from time to time. The aforesaid allocation is under normal circumstances.gold. gold has been valued as a global currency. By balancing asset classes of different correlations. the AMC may park the funds of the Scheme in short term deposits of scheduled commercial banks. the United Kingdom and the United States. Singapore. is clearly a positive factor in this resurgence.

Enables investors to make small and regular investments through Systematic Investment Plan (SIP) route. 2. Not possible No After 1 year Debt Market in India The instruments available in Indian Debt Market are classified into two categories. as Gold needs to be moved physically Yes. Illustrative chart of benefits of investing in Gold ETF through Gold FOF Scheme: Sr. as held in electronic form under the demat account No. Parameter 1 How Gold is held 2 Pricing 3 4 5 6 7 8 9 10 11 12 Buying Premium above gold price Making Charges Impurity Risk Storage Requirement Security of Asset Resale Convenience in Buying / Selling Risk of Theft Wealth Tax Long Term Capital Gains Tax Jeweller Physical (Bars / Coins) Differs from one to another. 4. Neither transparent nor standard.Government debt. possible Yes Only after 3 years PSU Bonds Fixed Coupon Bonds Floating Rate Bonds Zero Coupon Bonds Instruments issued by Banks and Development Financial Institutions Certificates of Deposit Promissory Notes Bonds Fixed Coupon Bonds Floating Rate Bonds Zero Coupon Bonds Instruments issued by Corporate Bodies Commercial Paper Non-Convertible Debentures Fixed Coupon Debentures Floating Rate Debentures Zero Coupon Debentures Activity in the Primary and Secondary Market is dominated by Central Government Securities including Treasury Bills. Investors can invest in this Scheme through physical mode. namely Government and Non .Advantages of investing in Gold Fund of Fund 1. These instruments comprise close to 50% of all outstanding debt and Gold ETF Dematerialized (Electronic Form) Linked to International Gold Prices and very transparent Likely to be less No Charges are incurred Nil Demat Account Fund House takes the responsibility At Secondary Market Prices More Convenient. The purpose of the above table is to assist the Investor in understanding the expenses likely to be incurred as per the avenue of investment in gold. Likely to be more Charges are incurred Nil Locker / Safe Investor is responsible Banks do not buy back Less convenient. Illustration: Investment of v 10. The illustration given below provide a comparative of likely expenses the investor may incur for investing directly in the Gold ETF Scheme vis-à-vis Gold Fund of Funds Scheme. The following instruments are available in these categories: A] Government Debt Central Government Debt Treasury Bills Dated Government Securities – Coupon Bearing Bonds – Floating Rate Bonds – Zero Coupon Bonds State Government Debt – State Government Loans – Coupon Bearing Bonds B] Non-Government Debt Instruments issued by Government Agencies and other Statutory Bodies Government Guaranteed Bonds PSU Bonds Instruments issued by Public Sector Undertakings Commercial Paper 13 . 3. Not Standard. as Gold needs to be moved physically Yes.000 for one year made by the Investor in Gold ETF Scheme and Gold Fund of Funds Scheme respectively.060 v 150 ** Expenses given are only indicative and the actual expenses incurred may vary. Demat account is not mandatory as in the case of HGETF. Likely to be more Charges are incurred High Locker / Safe Investor is responsible Conditional and uneconomical Less convenient.No. The investor can subscribe and redeem units on all business days directly with the fund. Expenses likely to be incurred Expenses** Annual Maintenance charges of Demat Account Brokerage charges Annual Scheme Recurring Expenses Total Avenue of Investment in Gold Gold ETF Scheme Gold Fund of Funds Scheme v 900 Nil v 60 Nil v 100 v 150 v 1. possible Yes Only after 3 years Bank Physical (Bars / Coins) Differs from bank to bank. Suitable primarily for retail investors who cannot invest in a lot of creation unit size of a Gold HGETF (currently 1 kg of physical gold).

activity levels of the Government and Non-Government Debt vary from time to time.AAA Rated 3 Year Corporate Bond .47 9. 9. Investments in above securities will be made through secondary market purchases.33 . The Scheme shall not park more than 10% of the net assets in short term deposit(s). 3.35 8. Such short-term deposits shall be held in the name of the Scheme. provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI (MF) Regulations.AAA Rated 5 Year Corporate Bond .9. The securities could be listed. These yields are indicative and do not indicate yields that may be obtained in future as interest rates keep changing consequent to changes in macro economic conditions and RBI policy. Any other like instruments as may be permitted by RBI / SEBI from time to time.20 . WHERE WILL THE SCHEME INVEST? The corpus of the Scheme shall be invested predominantly in Units of HDFC Gold Exchange Traded Fund.00 .47 8. privately placed. The following table gives approximate yields prevailing during the month of August 2011 on some of the instruments.75 . The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the scheduled commercial banks put together. unlisted. The Schemes may also enter into repurchase and reverse repurchase obligations in all securities held by it as per guidelines/regulations applicable to such transactions.45 5. Instruments that comprise a major portion of money market activity include: Overnight Call Collaterilsed Borrowing & Lending Obligations (CBLO) Treasury Bills Government Securities with a residual maturity of < 1 year Commercial Paper Certificates of Deposit Apart from these.close to 75% of the daily trading volume on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited.8. The Scheme shall buy/sell the HGETF units either directly with the Fund or through the secondary market on the Stock Exchange(s). rated / unrated of any maturity. The difference.51 . Collaterlised Borrowing & Lending Obligation (CBLO) Certificate of deposit Usance bills Permitted securities under a repo / reverse repo agreement.9. with any one scheduled commercial bank including its subsidiaries. The Scheme shall abide by the following guidelines for parking of funds in short term deposits: 1. Pending deployment as per investment objective. Parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. The Scheme may invest in any (but not exclusively) of the following securities to the extent necessary to meet the liquidity requirements for honouring repurchase or redemptions. The Scheme would also invest in Reverse repo and /or CBLO and / or money market instruments and/or Schemes 14 . 6. Instrument Inter bank Call Money 91 Day Treasury Bill 364 Day Treasury Bill P1 + Commercial Paper 90 Days 5 Year Government of India Security 10 Year Government of India Security 15 Year Government of India Security 1 Year Corporate Bond .10 8. provided it is in conformity with the investment objectives of the Scheme and as per the limits specified in the asset allocation table as mentioned on Page 12. However. Though not strictly classified as Money Market Instruments. for instruments issued by a non-Government entity (corporate / PSU bonds). known as credit spread. Commercial papers Commercial bills Treasury bills Government securities having an unexpired maturity upto one year. PSU / DFI / Corporate paper with a residual maturity of < 1 year. WHAT ARE THE INVESTMENT STRATEGIES? INVESTMENT STRATEGY AND RISK CONTROL The investment objective of the Scheme is to seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund.55 9. the Scheme will predominantly invest in units of HDFC Gold Exchange Traded Fund.64 9. are actively traded and offer a viable investment option. The Scheme.8. which has invested in the Scheme. there are some other options available for short tenure investments that include MIBOR linked debentures with periodic exit options and other such instruments. secured / unsecured.8.45 8. To achieve the investment objective. the moneys under the Scheme may be parked in short-term deposits of Scheduled Commercial Banks.AAA Rated Source : Bloomberg Generally. The Scheme shall not park funds in short-term deposit of a bank.9. The aforesaid limits shall not be applicable to term deposits placed as margins for trading in cash and derivatives market. may invest in other Schemes managed by the AMC or in the Schemes of any other mutual funds. out of the funds allocated to invest in debt and money market securities.45 9. 8.25 . 2. depends on the credit rating of the entity.22 . The proceeds collected during the NFO shall be used only on or after the closure of the NFO period.65 8. placements and right offers (including renunciation). In the money market.25 .19 -8. 5. E. such limit may be raised to 20% with prior approval of the Trustee.8. 2. other public offers.8.31 . 3. 6. Yield Range (% per annum) 6. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days. to the extent necessary to meet the liquidity requirements for honouring repurchase or redemptions. the yield is higher than the yield on a Government Security with corresponding maturity.9. 4. subject to permissible limits laid under SEBI (MF) Regulations: 1. 7. initial public offers. D. 4.

The AMC shall endeavor that the returns of the Scheme will replicate the returns generated by the underlying ETF and is not expected to deviate more than 2%. the prior approval of Board of AMC and Trustee shall be sought. TRACKING ERROR Tracking error means the variance between daily returns of the underlying benchmark (gold in this case) and the NAV of the Scheme for any given period. RISK CONTROL Investments made from the net assets of the Scheme would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations. the AMC may constitute committee(s) to approve proposals for investments in unrated instruments. on the right to freely retain or dispose of units being offered’ on Page 24. The said cheque would be realized only on T+2/3 and hence the fund would invest in HGETF units on T+2/3 as the case may be. Every investment opportunity in the above securities would be assessed with regard to credit risk.which invest predominantly in the money market securities or Liquid Schemes to the extent necessary to meet the liquidity requirements for honouring repurchase or redemptions. the AMC may not be able to realize the full value of these securities leading to an adverse impact on the Net Assets of the Plan(s) under the Scheme. if any shall be taken. The details of such investments would be communicated by the AMC to the Trustee in their periodical reports. Investments in Debt Securities and Money Market Instruments will usually be in instruments that have been assigned high investment grade ratings by a recognised rating agency. if any. over periods of time it may get neutralized. A) Banking and Utilization of Funds Following are the various modes of payments for Purchase/ Additional purchases and SIP transactions for HDFC Gold Fund: Sr. Investment into units of HGETF would be on the basis of this cash flow analysis & subscription/ redemption request received. 6 7 MICR PDC Interest Rate Risk An interest rate scenario analysis would be performed on an on-going basis. in case any security does not fall under the parameters. MFD/CIR/9/120/ 2000 dated November 24. Borrowing & Lending Obligations (CBLO) / repo market when CBLO money / repo yields are attractive relative to other money market yields. if required. the AMC/Sponsors/Trustees do not guarantee that the investment objective of the Scheme will be achieved. Hence the investment can be done only on the 3rd or 4th day depending upon the timing of the credit in the Scheme account. There could be underlying price movements in HGETF between T day and T+3/4 day. It would also be clearly mentioned in the reports. Liquidity will also be managed by investing in the Collaterilsed . 15 Liquidity Risk The AMC will provide liquidity by maintaining a low average duration of the portfolio and by investing in securities that would result in a staggered maturity profile of the portfolio. Due to the short duration of the portfolio and the low risk product profile. This deviation would mainly occur on account of receipt of cash flows which generally takes upto 5 days as per current operational procedures and also on account of purchase/ sale of units of underlying scheme being done for processing Scheme’s subscription/ redemption requests at prices different from that of the applicable NAV. Effective and continuous monitoring of the Scheme shall be ensured and necessary actions. as explained below. However cheques in the normal course of banking would take 2/3 days for realization. how the parameters have been complied with. Tracking error can also be caused by late realization of cheques/demand drafts. Since investing requires disciplined risk management. To that extent the performance of scheme shall be at variance with that of the underlying scheme. The AMC Board and the Trustee shall approve the detailed parameters for such investments. Subsequent deployment into HGETF would also be based on this analysis. Reverse repo and /or CBLO and / or money market instruments and/ or Schemes which invest predominantly in the money market securities or Liquid Schemes. Investment in debt instruments would generally be in securities that have reasonable secondary market activity. To illustrate – A cheque of R 10. the AMC would manage the investments of the Scheme on a dynamic basis to exploit emerging opportunities in the investment universe and manage risks at all points in time. However. NAV so computed may vary from the price of Gold in the domestic market. The cash flow through various modes of acceptance will be analyzed on a daily basis. 1 2 3 4 5 Payment Mode RTGS Transfer Instrument Auto Debit NEFT ECS Clearing Same Day Same Day Same Day Same Day or the next day One/Two days or Five/seven days (Depending on the clearing cycle of that particular location) Two days but in some cases 3-7 Days As per MICR clearing cycle of RBI/SBI Credit Risk A detailed credit evaluation of each investment opportunity will be undertaken. Though every endeavor will be made to achieve the objective of the Scheme. The AMC will utilise ratings of recognised rating agencies as an input in the decision making process. on an annualized basis net of recurring expenses in the Scheme. In the event of a requirement to liquidate all or a substantial part of these investments in a very short duration of time. In line with SEBI Circular No. considering the impact of the developments on the macro-economic front and the demand and supply of funds. This could result in tracking error. This permits investors to enhance their yields without compromising on the quality of the portfolio. the effect of volatility in debt markets on the portfolio will be limited. The AMC will strive to achieve the investment objective by way of a judicious portfolio mix comprising of units of HGETF. No guaranteed returns are being offered under the Scheme. interest rate risk and liquidity risk. The fund will comply with all applicable exposure limits and take actions. in section ‘Restrictions. NAV of the Scheme is dependant on closing trade price of HGETF. 2000. the AMC would incorporate adequate safeguards for controlling risks in the portfolio construction process. No. Please refer to “Right to Limit Redemptions” on Page 24 and “Suspension of Sale / Redemption / Switching Options of the Units”.000 received on T day in the Scheme would result in the investor getting the NAV of T day as per extant guidelines. Based on the above analysis. However. The deployment will be carefully planned on the basis of the mode of acceptance of instrument with an objective to moderate tracking error.

pm pm pm ECS (RBI locations) T+3 days T+3 days NA NA ECS (Non RBI locations) NA T+3 days T+4 days T+5 days MICR (RBI locations) T+2 days T+2 days NA NA MICR (NonRBI locations) NA T+3 days T+4 days T+5 days NA . Delay in receipt of subscription/SIP inflows.62 0.59 99. The inputs regarding cash flows by various modes of acceptance will be planned on a daily basis. Credit exposure limits shall be set and reviewed by the Head of Credit.1469% PORTFOLIO TURNOVER The Scheme is an open ended Fund of Fund Scheme. Fund Manager(s) – Debt and the CIO.54 96. INVESTMENT DECISIONS The Investment Committee comprising Chief Investment Officer (CIO).00 Otherwise T+1 T day upto 5. The table below highlights the Clearing Mechanism of the funds based on various modes of payments vis-a-vis different types of location for lumpsum investments: Location/Mode of clearing Tier I Tier II Tier III Tier IV RTGS T day T day T day T day NEFT T day upto 5. The subscription/redemption request will also be reported and used as a basis for investing in HGETF on realization of funds. Fund Manager(s) – Debt (for debt related matters) and Chief Compliance Officer will inter alia lay down the fund’s investment philosophy.05 2. etc. etc. The deployment will be carefully planned on the basis of the mode of acceptance of instrument to moderate tracking error. Investment decisions shall be recorded by the respective Fund Manager(s) along with reasons for the same.97 100. The tracking error for HGETF (Underlying Scheme) for the following months is as under: July 29.a. investing predominantly in units of HGETF.00 T day upto 5.76 0. Consequently.00 pm. Research reports. Fund Manager(s) shall be responsible for taking investment / divestment decisions for their respective scheme(s) and for adhering to the Fund’s investment philosophy.00 Cumulative % 1. Fund flows in the Scheme of value lesser than Creation lot size of HGETF. the Scheme will endeavor to keep tracking error as low as possible by: Appointing leaders in bullion business as Authorized participants/ Market Makers under HGETF to enhance liquidity on the stock exchange and reduce the impact cost and that will help the Fund to minimize tracking error. . review the performance / portfolios of the Schemes. Availability of Gold bars for creation of units of HGETF. The holding of a cash position and accrued income. Tracking error due to movement in prices of physical gold will impact the performance of the Scheme. B) Utilization of Funds Transactions are accepted before the cut off time as specified by SEBI from time to time. the Scheme will buy/ sell HGETF units directly on the stock exchange without waiting for additional subscription redemption to minimize tracking error. 2011 0. both internal and external. monitor the credit ratings of debt exposures. valuation. it is difficult to estimate with any reasonable measure of accuracy. shall assist the Fund Manager(s) in the decisionmaking. However. This will also form the basis for subsequent deployment of funds in HGETF. Tracking error could be the result of a variety of factors including but not limited to: Delay in the purchase or sale due to market illiquidity.0586% August 30. The deployment will be carefully planned on the basis of the mode of acceptance of instrument to moderate tracking error. Fund Manager will either execute trade for the units of HGETF on exchange or subscribe directly to HGETF (direct via AMC) depending on market dynamics in the best interest of the investors. The subscription/redemption 16 request will also be reported and used as a basis for planning investments in HGETF.54 95.00 100. the likely turnover in the portfolio. The table below highlights the percentatge of funds received through Systematic Investments Plans from various ECS location: Date SIP date (T) Trade Date T+1 T+2 T+3 T+4 T+5 % of funds received 1.Not Applicable b. Fund Manager(s) – Equities (for equity related matters).00 Total As per the above table almost 99% of credit is happening into our account by T+3. It is expected that there would be a number of subscriptions and redemptions on a daily basis. Offsetting the expenses/interest against the net inflows/ outflows and investing/ redeeming the balance amount from HGETF to minimize the tracking error in best interest of investors. The trade execution prices for units of HGETF may be different from NAV of HGETF. cash flows are reported to the fund manager on timely basis. covering inter alia factors like business outlook. On the basis of clear Funds being available for deployment.00 T day upto 5.03 100. 2011 0. All the transactions are reported in our Registrars and Transfer Agents system by the respective branches across India and funds get deposited into the banks accounts. financial analysis. policy and processes / procedures.21 99. Appointing leading bullion banks to make gold bars available for creation of units under HGETF Estimate the inputs regarding cash flows by various modes of acceptance on a daily basis. policy and processes / procedures. For small amounts of inflows/outflows which are less than the creation size of HGETF.

Com. The benchmark for HGETF is Domestic price of physical gold. 2003 till Date Plan 2005 (Debt) HDFC Asset Management HDFC High Interest Fund Company Limited HDFC Short Term Plan May 1994 . Units and Offer’ for details. Grad CWA. Any safety net or guarantee provided This Scheme does not provide any guaranteed or assured return.Please refer to section ‘What is the Investment Objective of the Scheme?’ on Page 12. etc. CFA . the AMC will not charge Investment Management and Advisory fee on the investment made by it in the Scheme or other existing schemes of the Mutual Fund. due to the inherent differences in the construction of the portfolio. and The Unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any Exit Load. yield on debt/money market instruments. Investment pattern . Periodic presentations will be made to the Board of Directors of the AMC and Trustee Company to review the performance of the Scheme. c) Changes in Fundamental Attributes In accordance with Regulation 18 (15A) of the SEBI (MF) Regulations. FUNDAMENTAL ATTRIBUTES Following are the Fundamental Attributes of the Scheme. However. Treasury Advantage Plan Last Position held . INVESTMENT BY THE AMC IN THE SCHEME The AMC may invest in the Scheme in the New Fund Offer Period or thereafter at anytime during the continuous offer period subject to the SEBI (MF) Regulations. MMS (Finance). The AMC may also invest in existing Schemes of the Mutual Fund. redemption Please refer section ‘III. As per the existing SEBI (MF) Regulations. The Trustee reserves the right to change the benchmark for evaluation of performance of the Scheme from time to time in conformity with the investment objectives and appropriateness of the benchmark subject to SEBI (MF) Regulations. Hence. The Fund Manager(s) shall ensure that the funds of the Scheme are invested in line with the investment objective of the Scheme and in the interest of the Unit holders. Vice HDFC Gilt Fund President Open Ended Equity Fund HDFC Arbitrage Fund Open Ended Exchange Traded Fund HDFC Gold Exchange Traded Fund Closed Ended Capital Protection Oriented Income Scheme HDFC Debt Fund for Cancer Cure * Excluding overseas investments. b) Aggregate Fees and Expenses charged to the Scheme Please refer to section ‘Fees and Expenses’ on Page 44 for details.July 2003 HDFC Cash Management Fund – SBI Funds Management Pvt. if any. Investment decisions for Arbitrage Fund(s) shall be guided primarily by arbitrage opportunities available. fineness and price of gold. the Trustee shall ensure that no change in the fundamental attributes of the Scheme and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme and the Plan(s) / Option(s) thereunder and affect the interest of Unit holders is carried out unless : A written communication about the proposed change is sent to each Unit holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated. WHO MANAGES THE SCHEME? Fund Manager for the Scheme: Name & Age Mr. and other prevailing guidelines.Asst.Please refer to section ‘How will the Scheme Allocate its Assets?’ on Page 12. in terms of Regulation 18 (15A) of the SEBI (MF) Regulations: (i) Type of a scheme An Open-ended Fund of Fund Scheme investing in HDFC Gold Exchange Traded Fund. Investment decision with regard to Index Funds would primarily be related to portfolio re-balancing based on change in weightage of stocks and the inflows / outflows in the Scheme. HGETF. Anil Bamboli 39 years Educational Qualifications B. The Managing Director does not play any role in the investment decisions taken. the Scheme’s performance may not be strictly comparable with the performance of the Benchmark. Ltd.CFA Institute USA Experience (last 10 years) Fund(s) Managed* Collectively over 16 years of Open Ended Income Scheme(s) experience in Fund Management HDFC Multiple Yield Fund (Debt) and Research.Investment decisions for investment in Gold related Fund(s) shall be guided primarily by factors like quantity. F. G. (iii) Terms of Issue (a) Liquidity provisions such as listing. Performance comparisons for the Scheme will be made vis-à-vis the Benchmark. Moreover. the benchmark for the Scheme is the domestic price of physical gold. there are no indices catering to the gold sector/securities linked to Gold. repurchase. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? BENCHMARK INDEX The Scheme will be predominantly investing in the units of the underlying scheme viz. HDFC Multiple Yield Fund – July 25. (ii) Investment Objective Main Objective . H. if any 17 .

present or to be floated in future. The Mutual Fund will. All such investments shall be made with the prior approval of the Trustee and the Board of the AMC. Provided that such limit shall not be applicable for investments in Government securities. treasury bills and collateralized borrowing and lending obligations. the underlying scheme do have a performance track record. Provided further that sale of government security already contracted for purchase shall be permitted in accordance with the guidelines issued by the Reserve Bank of India in this regard. The Scheme shall not invest more than 10% of its NAV in unrated debt instruments [irrespective of residual maturity period (above or below one year)]. may be made at the discretion of the Fund Manager. The AMC may alter these above stated restrictions from time to time to the extent the SEBI (MF) Regulations change. The Scheme shall not invest more that 15% of its NAV in debt instruments [irrespective of residual maturity period (above or below one year)]. wherever the investments are intended to be of a long term nature. except to the extent of funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions. HOW HAS THE SCHEME PERFORMED? This Scheme is a new scheme and does not have any performance track record. (d) any fund of funds scheme. or (b) any security issued by way of private placement by an associate or group company of the Sponsors. only if: Such transfer is done at the prevailing market price for quoted instruments on spot basis. J. issued by a single issuer and the total investment in such instruments shall not exceed 25% of the NAV of the Scheme. The Scheme shall abide by the guidelines for parking of funds in short term deposits as mentioned in section ‘WHERE WILL THE SCHEME INVEST?’ on Page 14. Provided further that investment within such limit can be made in mortgaged backed securitised debt which are rated not below investment grade by a credit rating agency registered with SEBI.I. Such investment limit may be extended to 20% of the NAV of the Scheme with the prior approval of the Trustee and the Board of the AMC. The Scheme shall not invest more than thirty percent of its net assets in money market instruments of an issuer. take delivery of relevant securities and in all cases of sale. Every mutual fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases. the moneys under the Scheme may be parked in short-term deposits of Scheduled Commercial Banks. the following investment restrictions are applicable to the Scheme: The Scheme shall not invest its assets other than in HGETF. for securities purchased in the nondepository mode get the securities transferred in the name of the Mutual Fund on account of the Scheme. which are rated not below investment grade by a credit rating agency authorised to carry out such activity under the SEBI Act. Transfer of Investments from one Scheme to another scheme. shall be allowed only if:(a) such transfers are made at the prevailing market price for quoted Securities on spot basis. as disclosed in the scheme information document. deliver the securities: Provided that a mutual fund may engage in short selling of securities in accordance with the framework relating to short selling and securities lending and borrowing specified by SEBI. and The securities so transferred is/are in conformity with the Investment objective of the scheme to which such transfer has been made. Pending deployment of funds as per investment objective. WHAT ARE THE INVESTMENT RESTRICTIONS? Pursuant to SEBI (MF) Regulations. issued by a single issuer. as per the current regulations. Explanation : spot basis shall have the same meaning as specified by Stock Exchange for spot transactions (b) the securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made. The Mutual Fund shall enter into transactions relating to Government Securities only in dematerialised form. The Trustee may from time to time alter these restrictions in conformity with the SEBI (MF) Regulations. so as to permit the Scheme(s) to make its investments in the full spectrum of permitted investments for mutual funds to achieve its respective investment objective. Provided that such limit shall not be applicable for investments in government securities. as disclosed in this Scheme Information Document. or (c) the listed securities of group companies of the Sponsors which is in excess of 25% of the net assets. except to the extent of funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions. (e) assets other than in schemes of mutual funds as mentioned in the asset allocation. However. Transfer of investments from one scheme to another scheme in the same Mutual Fund. 18 . The Scheme shall not make any investments in: (a) any unlisted security of an associate or group company of the Sponsors. All investment restrictions shall be applicable at the time of making investment.

The AMC/Trustee reserves the right to extend the closing date of the New Fund Offer Period. NEW FUND OFFER (NFO) New Fund Offer Period NFO Opens on: October 7. In case in the NFO of investors opting to switch into the Scheme from the existing schemes of HDFC Mutual Fund (subject to completion of Lock-in Period. All Applicants whose cheques towards purchase of Units have realised will receive a full and firm allotment of Units. This is the maximum amount. Dividends will not be declared under this Option.a. The Trustee retains the sole and absolute discretion to reject any application. The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. provided also the applications are complete in all respects and are found to be in order. Maximum Amount to be raised (if There is no maximum subscription (target) amount for the Scheme to be raised and any) therefore. New Fund Offer Price Offer of Units at R 10 each for cash during the NFO Period of the Scheme. the minimum amount is R 5. interest as specified by SEBI (currently 15% p. 2011 Scheme sells its units to the investors The AMC/ Trustee reserves the right to close the NFO before the abovementioned date by giving at least one day notice in one daily Newspaper. Dividend Policy Allotment There is no Dividend Policy as the Scheme offers only Growth Option. will commence after the allotment process is completed. if any) during the NFO Period. subject to the applications being in accordance with the terms of this offer. However. 19 . if the Mutual Fund fails to collect the minimum subscription amount of R 20 crores under the Scheme. The Units allotted will be credited to the DP account of the Unit holder as per the details provided in the application form. the Trustee reserve the right to introduce investment Plans / Options under the Scheme at a future date in accordance with SEBI (MF) Regulations. the Mutual Fund and the AMC shall be liable to refund the subscription amount to the Applicants of the Scheme.000 per application and any amount thereafter. subject to the condition that the subscription list of the New Fund Offer Period shall not be kept open for more than 15 days. Dividends will not be declared under this Option. Dematerialization The Applicants intending to hold the Units in dematerialized mode will be required to have a beneficiary account with a Depository Participant of the NSDL/CDSL and will be required to mention in the application form DP’s Name. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective DPs periodically. Applicants under the Scheme will have an option to hold the Units either in physical form or in dematerialized form. However.III. A. Minimum Amount for Application The minimum amount R 5. Minimum Target amount This is the minimum amount required to operate the Scheme and if this is not collected during the NFO period.000 per application and any amount thereafter. 2011 This is a period during which a new NFO Closes on: October 21. the AMC / Trustee retains the sole and absolute discretion to reject any as decided by the AMC. if AMC fails to refund the amount within 5 business days from the closure of NFO period. The process of allotment of Units and sending of allotment confirmation by way of email and/or short messaging service (SMS) specifying the number of units allotted will be completed within 5 Business Days from the date of closure of the NFO Period. and Beneficiary Account No. then all the investors would be refunded the amount invested without any return. UNITS AND OFFER This Section provides details you need to know for investing in the Scheme. refund of subscription amount to Applicants whose applications are invalid for any reason whatsoever. In addition to the above. The income attributable to Units under this Option will continue to remain invested and will be reflected in the Net Asset Value of Units under this Option. full and firm allotment will be made to the Unit holders of the Scheme. In accordance with the SEBI (MF) Regulations. However.) will be paid to the investors from the expiry of 5 business days from the date of closure of the subscription period. DP ID No. The minimum subscription (target) amount for the Scheme is R 20 crores. with the DP at the time of purchasing Units during the NFO of the Scheme. application Plans / Options offered Currently the Scheme offers only Growth Option. This is the price per Unit that the investors have to pay during the NFO. which can be collected during NFO period.

7. Companies. father or mother. There shall not be any joint accounts with minor as the first or joint holder. All Units will rank pari-passu. as the case may be) or a court appointed legal guardian. systematic investment plan. redemption. 4. will commence after the allotment process is completed and will be without incurring any liability whatsoever for interest or other sum. 3. Banks & Financial Institutions. Who Can Invest 20 . Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private trusts authorised to invest in mutual fund Schemes under their trust deeds. the refund orders may be paid by way of ECS / EFT / NEFT / RTGS into the bank account linked to the demat account of the Unit holders as mentioned in the application form. systematic transfer plan and bonus transactions. Further. dividend payout. dividend reinvestment. However. Association of Persons or bodies of individuals and societies registered under the Societies Registration Act. is suitable to your risk profile. Public Sector Undertakings. Minor (as the first and the sole holder only) through a natural guardian (i. systematic withdrawal plan. the AMC shall issue a non-transferable Unit certificate to the applicant within 5 Business Days of the receipt of request for the certificate. 2.e. Consolidated Account Statement (CAS): Consolidated Account Statement shall contain details relating to all the transactions* carried out by the investor across all schemes of all mutual funds during the month and shall reflect holdings at the end of the month including transaction charges paid to the distributor.If the Unit holder desires to hold the Units in a Dematerialized / Rematerialized form at a later date. the Mutual Fund and the AMC shall be liable to refund the subscription amount to the Applicants of the Scheme. Partnership Firms & Limited Liability Partnerships (LLPs). switch. 6. an indicative list of persons) are eligible and may apply for subscription to the Units of the Scheme(s) (subject to wherever relevant statutory This is an indicative list and you are regulations and their respective constitutions) : requested to consult your financial advisor to ascertain whether the Scheme 1. 1996. No Interest will be payable on any subscription money refunded within 5 Business days from the closure of the New Fund Offer Period. The consolidated account statement for each calendar month to the Unit holder(s) in whose folio(s) transaction(s) has/have taken place during the month on or before 10th of the succeeding month shall be sent by mail/e-mail. 5. 1860. Refund orders will be marked “A/c Payee only” and will be in favour of and be despatched to the sole / first Applicant. 8. by registered post or by any other mode of payment as authorised by the applicant. NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act. if the applicant so desires. Mutual Funds registered with SEBI. refund of subscription amount to Applicants whose applications are invalid for any reason whatsoever. In addition to the above. Interest on subscription amount will be payable for amounts refunded later than 5 Business days from the closure of the New Fund Offer Period at the rate of 15% per annum for the period in excess of 5 Business days and will be charged to the AMC. Bodies Corporate. Normally no Unit certificates will be issued. The following persons (i. the request for conversion of units held in Account Statement (non demat) form into Demat (electronic) form or vice versa should be submitted alongwith a Demat/Remat Request Form to their Depository Participants. Refund In case the Scheme fails to collect the minimum subscription amount of R 20 Crores. Religious and Charitable Trusts. Unit certificate if issued must be duly discharged by the Unit holder(s) and surrendered alongwith the request for Redemption / Switch or any other transaction of Units covered therein. among Units within the Scheme concerned as to assets and earnings thereto. Karta of Hindu Undivided Family (HUF). viz. the Trustee / AMC reserves the right to change the dematerialization / rematerialization process in accordance with the procedural requirements laid down by the Depositories. Indian Resident adult individuals either singly or jointly (not exceeding three) or on an Anyone or Survivor basis. However. *The word ‘transaction(s)’ shall include purchase.e.

14. alongwith a certified copy of the Memorandum and Articles of Association and/or byelaws and / or trust deed and / or partnership deed and Certificate of Registration should be submitted. Army. Such other individuals/institutions/body corporate etc. Scientific and Industrial Research Organisations. 12.9. The Trustee. 6. or duly notarized copy thereof. Returned cheques are liable not to be presented again for collection. Foreign Institutional Investors (FIIs) registered with SEBI on repatriation basis. Trustee.. Sponsor and their associates may subscribe to Units under the Scheme(s). Other Schemes of HDFC Mutual Fund subject to the conditions and limits prescribed by SEBI (MF) Regulations. A list of specimen signatures of the authorized officials. 15. Non-resident Indians (NRIs)/Persons of Indian Origin residing abroad (PIO) on repatriation basis or on nonrepatriation basis. 13. Subject to the SEBI (MF) Regulations. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorising such purchases and redemptions. Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing abroad / Foreign Institutional Investors (FIIs) have been granted a general permission by Reserve Bank of India Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations. Navy and other paramilitary units and bodies created by such institutions. Applications not complying with the above are liable to be rejected. the necessary charges are liable to be debited to the investor. and the accompanying application forms are liable to be rejected. 3. 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations. 5. 11. Note : 1. The Trustee may inter-alia reject any application for the purchase of Units if the application is invalid or incomplete or if the Trustee for any other reason does not believe that it would be in the best interest of the Scheme or its Unit holders to accept such an application. duly certified / attested should also be attached to the Application Form. Multilateral Funding Agencies/Bodies Corporate incorporated outside India with the permission of Government of India/Reserve Bank of India. Where can you submit the filled up During the NFO period the applications filled up and duly signed by the applicants applications should be submitted at the office of the Collection Centres / ISCs / Official Points of Acceptance. Please refer to section “Special Products available” on Page 22 for more details. 16. so long as wherever applicable they are in conformity with SEBI (MF) Regulations. AMC. reserves the right to recover from an investor any loss caused to the Schemes on account of dishonour of cheques issued by the investor for purchase of Units of this Scheme. any application for Units may be accepted or rejected in the sole and absolute discretion of the Trustee. In case of application under a Power of Attorney or by a limited company or a corporate body or an eligible institution or a registered society or a trust fund. the original Power of Attorney or a certified true copy duly notarised or the relevant resolution or authority to make the application as the case may be. whose names and addresses are mentioned on Page 48 to 51 of the SID. as may be decided by the AMC from time to time. Air Force. 4. The Investors can also purchase Units of the Scheme during NFO by placing an order with the members (stock brokers) of stock exchanges. 10. No request for withdrawal of application will be allowed after the closure of New Fund Offer Period. In case the returned cheques are presented again. The officials should sign the application under their official designation. 21 . 2.

which in turn will block the amount in the account as per the authority contained in ASBA form.000 4. the Units of the Scheme are not to be listed on any stock exchange.000 1 to 6 7 to 12 13 to 18 19 to 24 1-Jan-11 1-Jul-11 1-Jan-12 1-Jul-12 1-Jun-11 1-Dec-11 1-Jun-12 1-Dec-12 N. SIP offers investors two plans viz. For investments through SIP during NFO. be in multiples of R 500 only. Additionally. . as yearly interval. Special Products / facilities available SYSTEMATIC INVESTMENT PLAN (SIP) during the NFO An investor under the Scheme can benefit by investing specified Rupee amounts at regular intervals for a continuous period. investors may avail for SIP Top-up facility wherein those who have enrolled for SIP have an option to increase the amount of the SIP Installment by a . and undertake other tasks as per the procedure specified therein. Quarterly SIP offers top-up frequency at yearly intervals only. 1. In case the date falls on a nonbusiness day. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP The Top-up amount should .A.000 2. Presently. It may be noted that the facility of SIP enrolment for investments through Post Dated Cheques will not be available during the NFO period. How to Apply Listing Please refer to ‘Statement of Additional Information (‘SAI’)’ and Application form for the instructions. fixed amount at pre-defined intervals.A. amount of Rupees at regular intervals for purchasing additional Units of the Scheme at Applicable NAV. the immediate next Business Day will be considered for this purpose. From Date To Date Monthly SIP Installment Amount in B (A) 2. It may be noted that Investors need not have an existing Folio to start a SIP. they can start a folio with a SIP It may be noted that the first SIP transaction for . In case the top-up frequency is not indicated under Monthly SIP it will be considered .Not Applicable Note: Monthly SIP Installment Amount increases by Top-up amount V 1.000 SIP Top-up Amount in B (B) N.000 5. the first SIP monthly/ quarterly installment through ECS (Debit Clearing) or Direct Debit / Standing Instruction will commence after 35 days from the closure of NFO.000 3. Under the SIP Investors can invest a fixed . Investors may also apply through Applications Supported By Blocked Amount (ASBA) process during the NFO period of the Scheme by filling in the ASBA form and submitting the same to their respective banks. An Illustration: How to calculate the SIP Top-up amount? SIP Period : 01-Jan-2011 to 01-Dec-2012 (2 Years) Monthly SIP Installment Amount : R 2.000 1.000 Increased Monthly SIP Amount in B (A+B) 2. Investors can enroll for the SIP facility during the NFO period by submitting duly completed SIP Enrolment Form available for Investments through ECS (Debit Clearing) / Direct Debit Facility/ Standing Instruction at the Official Point(s) of Acceptance.500 and in multiples of R 100 thereafter under QSIP . Minimum amount per SIP installment is R 500 and in multiples of V 100 thereafter under MSIP and R 1. This concept is called Rupee Cost Averaging. 22 .Further. enrolment of SIP during the NFO will be mandatory via cheque. the AMC/Mutual Fund may discretion list the Units under the Scheme on one or more stock exchange date. ‘Monthly Systematic Investment Plan (MSIP)’ and ‘Quarterly Systematic Investment Plan (QSIP)’.000 3. However. For complete details and ASBA process refer Statement of Additional Information (SAI).000 Top-up Frequency: Half Yearly SIP Installments shall be as follows: Installment No(s).000 4. Monthly SIP offers top-up frequency at half yearly and yearly intervals.000 at halfyearly intervals. Being an made on proposed at its sole at a later open-ended Scheme under which Sale and Redemption of Units will be continuous basis by the Mutual Fund.000 1. Units will be allotted at the Applicable NAV on the applicable dates subject to realization of proceeds.000 SIP Date : 1st of every month (24 installments) Top-up Amount: R 1.

Eligible Investors (including joint holders) should submit a photocopy of any one of the (current and valid) Photo Identification documents as proof of identification and the Proof of Address [self-attested by the investor / attested by the ARN Holder/AMFI registered Distributor mentioning the ARN number] along with Micro SIP applications.There is no maximum duration for SIP enrolment for the Scheme. even though the instructions may be for a period beyond that date.000 (hereinafter referred as “Micro SIP”) shall be exempt from the requirement of PAN on submission of a photocopy of any one of the Photo Identification document. for SIP through Post Dated Cheques. Please refer to the SIP Enrolment Form for terms & conditions before enrolment. The AMC shall send an allotment confirmation specifying the units allotted under the SIP transaction by way of email and/or SMS within 5 Business Days of the initial investment. However. Investors who wish to enroll for Micro SIP during the NFO period are required to fill in the Micro SIP Enrolment Form for Investments through ECS (Debit Clearing) / Direct Debit Facility/ Standing Instruction available with the ISCs. HUFs and other categories will not be eligible for the exemption. The Trustee reserves the right to change/modify the terms and conditions of Micro SIPs at a later date on a prospective basis. This exemption will be applicable only to investments by individuals (including Joint Holders who are individuals. This Option will be useful to Unit holders who wish to alter the allocation of their investment among the scheme(s) / plan(s) of the Mutual Fund in order to meet their changed investment needs. However. who do not have a PAN. NRIs but not PIOs). notice of such discontinuance should be received at least 15 days prior to the due date of the next installment. Mutual Fund / AMC will register SIP in a folio held by a minor only till the date of the minor attaining majority. Switching Options During the NFO period. the SIP facility will be terminated. The SIP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age. distributors/agents and also displayed on the website www.g. to be effective. the account shall be frozen for operation by the guardian on the day the minor attains majority and no transactions shall be permitted till the requisite documents for changing the status of the account from ‘minor’ to ‘major’ are submitted. For folios where the units are held on behalf of the minor. The Switch will be effected by way of a Redemption of Units from the Option / Plan of the existing scheme and a reinvestment of the Redemption proceeds in the Option(s) of NFO and accordingly. the SIP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month. the Switch must comply with the Redemption rules of the existing Scheme and the issue rules of NFO (e. the Unit holders will be able to invest in the NFO by switching part or all of their Unit holdings held in the respective option(s) /plan(s) of the existing scheme(s) established by the Mutual Fund. On receipt of such request. Investors will have the right to discontinue the SIP facility at any time by sending a written request to any of the Official Point(s) of Acceptance. MICRO SYSTEMATIC INVESTMENT PLAN (“Micro SIP”) Investors may enroll with the Mutual Fund for Micro SIPs subject to adherence with the following: Systematic Investment Plans (SIPs) where aggregate of installments in a rolling 12 month period or in a financial year i. The investor will have to submit the Proof of Address alongwith the photo identification documents to enable AMCs/RTAs to carry out KYC of the investor. The list of acceptable Photo Identification documents and proof of address documents is given in the Micro SIP Enrolment Form. The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. Notice of such discontinuance should be received at least 30 days prior to the due date of the next installment for SIP through Auto Debit (ECS Clearing/Direct Debit Facility/Standing Instruction). Thereafter.hdfcfund. All terms and conditions of Systematic Investment Plans (SIPs) (except SIP Top-up facility) offered during the NFO period as detailed above shall apply to Micro SIPs. The AMC / Trustee reserve the right to change / modify load structure and other terms and conditions under the SIP prospectively at a future date.com. Please refer to the Micro SIP Enrolment Form for terms & conditions before enrolment. as to the 23 .e. Minors and Sole proprietary firms. It may be noted that the facility of MICRO SIP enrolment for investments through Post Dated Cheques will not be available during the NFO period. April to March does not exceed v 50.

on the right to The Units of the Scheme (except the Units held in demateralised mode) are not freely retain or dispose of Units transferable.com. The policy regarding re-issue of repurchased Units. based on the size of each Redemption request. the Trustee reserves the right. The price at which the Units will be Switched out of the respective option / plan of the existing scheme will be based on the Redemption Price. economic or monetary events or any circumstances outside the control of the Trustee and the AMC. if in the opinion of the AMC the general market conditions are not favourable and / or suitable investment opportunities are not available for deployment of funds. Please refer to section “Special Products available” on Page 22 for more details. Redemption so carried forward will be priced on the basis of Redemption Price of the Business Day on which Redemption is made. Suspension of Sale / Redemption / Switching Options of The Units The Mutual Fund at its sole discretion reserves the right to withdraw Sale and / or Redemption or Switching of the Units in the Scheme (including any one of the Plan / Option of the Scheme) temporarily or indefinitely. limit the total number of Units which may be redeemed on any Business Day to 5% of the total number of Units then in issue under the Scheme (or such higher percentage as the AMC may decide in any particular case). Presently. Under such circumstances. if any. The Trustees reserves the right to make the Units transferable at a later being offered date subject to the Regulations. may in the general interest of the Unit holders of the Scheme. Redemption and Switching of the Units may be temporarily suspended under the following conditions: 1. 24 . additions / deletions of names will not be allowed under any folio of the Scheme. The Sale. from SEBI. in its sole discretion. the disposal of the assets of the Scheme are not reasonable.hdfcfund. 2. The Switch request can be made on a Transaction Slip which should be submitted at / may be sent by mail to any of the ISCs. Redemption will be made on a pro-rata basis. subject to production of such satisfactory evidence and submission of such documents. then the AMC shall. keeping in view the unforeseen circumstances / unsure conditions. Transactions Through “Channel Distributors” Investors may enter into an agreement with certain distributors (with whom AMC also has a tie up) referred to as “Channel Distributors” who provide the facility to investors to transact in units of mutual funds through various modes such as their website / other electronic means or through Power of Attorney in favour of the Channel Distributor. HDFCMFOnline and HDFCMFInvestOnline facility offered under eServices facility enables investors to transact online on www. The said provisions in respect of deletion of names will not be applicable in case of death of a Unit holder (in respect of joint holdings) as this is treated as transmission of Units and not transfer. However. the suspension of Sale / Redemption / Switching either temporarily or indefinitely will be with the approval of the Trustee. the manner of reissue. In addition. a transferee) becomes a holder of the Units by operation of law or upon enforcement of pledge. and the proceeds will be invested in the selected option(s) of the NFO at prevailing offer price. proceed to effect the transfer. When. Right to Limit Redemptions The AMC. Restrictions. Exit Load etc). to limit the redemption with respect to any single account to an amount of R 2 crores on any Business Day. including the maximum extent. as a result of political. to the extent multiple Redemption requests are received at the same time on a single Business Day. which provide basis for valuation for a substantial portion of the assets of the Scheme are closed otherwise than for ordinary holidays. the balance amount being carried forward for the Redemption to the next Business Day(s). However. the Trustee reserves the right to reissue the repurchased Units at a later date after issuing adequate public notices and taking approvals. the AMC does not intend to reissue the repurchased Units. the said provisions will not be applicable in case a person (i. as the case may be.e. When one or more stock exchanges or markets. if any. if the intended transferee is otherwise eligible to hold the Units of the Scheme. However. or would not reasonably be practicable without being detrimental to the interests of the Unit holders. Any Units which by virtue of these limitations are not Redeemed on a particular Business Day will be carried for Redemption to the next Business Day. the entity (the Scheme or the AMC) involved in the same The number of Units held by the Unit holder under his folio / demat account will stand reduced by the number of Units redeemed. In view of the same. Please refer to section “Special Products available” on Page 22 for more details.minimum number of Units that may be redeemed or issued. in the order of receipt.

if the Unit holder desires to hold the Units in a Dematerialized / Rematerialized form at a later date. However. 9. During the period of Book Closure. which in the opinion of the AMC are prejudicial to the interests of the Unit holders of the Scheme. In the event of breakdown in the means of communication used for the valuation of investments of the Scheme. any of the Unit holders will have the power to make Redemption request. 25 . The Redemption / Switch-out request can be made by way of a written request. The AMC reserves the right in its sole discretion to withdraw the facility of Sale and Switching Option of Units into and out of the Scheme (including any one Plan / Option of the Scheme). strikes. Redemption of Units The Units can be Redeemed (i. without it being necessary for all the Unit holders to sign. When the bullion markets in London and forex markets which provide basis for valuation are closed otherwise than for ordinary holidays. However. war. riots and bandhs. B. if AMC views that changing the size of the corpus may prove detrimental to the existing Unit holders of the Scheme. During periods of extreme volatility of markets. where mode of holding is specified as “Joint”. Subscriptions on an ongoing basis will be made only by specifying the amount to be invested and not the number of Units to be subscribed. Inability of the Scheme to sell units of the underlying scheme and/or underlying scheme not able to liquidate gold against the redemption request submitted by the Unit holders of the Scheme due to prevailing market conditions. Units reopen for subscriptions/redemptions after of the Scheme would available at Applicable NAV on any Business Day from the closure of the NFO period. 8.000 and any amount thereafter. 11. The approval from the AMC Board and the Trustee giving details of circumstances and justification for the proposed action shall also be informed to SEBI in advance. In the event of any force majeure or disaster that affects the normal functioning of the AMC or the ISC. ONGOING OFFER DETAILS Ongoing Offer Period The Scheme will offer for Sale / Switch-in and Redemption / Switch-out of Units on every Business Day on an ongoing basis commencing from not later This is the date from which the scheme will than 5 Business days from the date of allotment of Units of the Scheme. However. temporarily or indefinitely. Applications by new Unit holder must be for a minimum amount of R 5. In case of natural calamities. 10.e. Suspension or restriction of Redemption facility shall be made applicable only after the approval of the Board of Directors of the AMC and the Trustee. Redemption requests will have to be signed by all the joint holders.000 and any amount thereafter.3. without which the value of the securities of the Scheme cannot be accurately calculated. Applicants under the Scheme will have an option to hold the Units either in physical form or in dematerialized form. If so directed by SEBI. any of the ISCs. in cases of holding specified as ‘Anyone or Survivor’. The AMC reserves the right to change the minimum application amount from time to time. on a Transaction Slip which should be submitted at / may be sent by mail to any of the ISCs. Subscription of Units Applications by existing Unit holder of the Scheme must be for a minimum amount of R 1. Fractional Units will be computed and accounted for upto three decimal places and they will in no way affect an investor’s ability to redeem Units. in all cases. The total number of Units allotted will be determined with reference to the applicable Sale Price and fractional Units may be created. In case the Units are held in the names of more than one Unit holder. 5. In the event of any unforeseen situation that affects the normal functioning of the stock exchange(s). the request for conversion of units held in non-demat form into Demat (electronic) form or vice versa should be submitted alongwith a Demat/Remat Request Form to their Depository Participants. sold back to the Mutual Fund) or Switched-out on every Business Day at the Redemption Price. the Redemption proceeds will be paid only to the first named holder. 4. 6. 7.

on a Business Day by the Fund. However.m. Cut-off timing for subscriptions/ redemptions/switches All application for purchase of units including additional purchases for an amount equal to or more than R 2 Lakh will be accepted with payment mode only as Real Time Gross Settlement (RTGS) /National Electronic Funds Transfer (NEFT)/ Funds Transfer Letter/ Transfer Cheque of a bank where the Scheme has a collection account. the application will be liable to be rejected. in respect of valid applications with outstation cheques/ demand drafts not payable at par at the Official Point/s of acceptance where the application is received or through our website. The AMC has the right to amend cut off times subject to SEBI (MF) Regulations for the smooth and efficient functioning of the Scheme. In respect of valid applications received after 3 p. viz. the Redemption Price per Unit will be calculated as follows: = R 10 * (1-0. switch-in (from other schemes/plans of the mutual fund) by investors This is the price you need to pay for purchase/ switch-in. Any application for an amount equal to or more than R 2 Lakh with payment mode other than the above will be rejected. In case the application does not conform to the above criteria. In view of the above. 1996. the Mutual Fund shall ensure that there is an uniformity in time taken for issuing redemption proceeds to all investors.Exit Load. 1996 as may be amended from time to time. Units held in demat will be transferable in accordance with the provisions of Depositories Act. 26 . closing NAV of the day on which cheque/ demand draft is credited shall be applicable. if any) Example : If the Applicable NAV is R10 and a 2% Exit Load is charged. on a Business Day by the Fund (complete in all respects) should reach the along with a local cheque or a demand draft payable at par at the Official Point/s of acceptance where the application is received or through our website. on a Business Day by the Fund alongwith a local cheque or a demand draft payable at par at the Official Point/s of acceptance where the application is received. the closing NAV of the next Business Day shall be applicable. on a Business Day by the Fund.80 For Purchases including switch-ins In respect of valid application received for an amount less than R 2 lakh & This is the time before which your application switches (of all values) received upto 3 p. 1996 and the Securities and Exchange Board of India (Depositories and Participants) Regulations. transaction through Channel Partners and through Stock Exchange Platform. the Trustee / AMC reserves the right to change the dematerialization / rematerialization process in accordance with the procedural requirements laid down by the Depositories. the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p. same day’s closing NAV shall be applicable. transaction through Channel Partners and through Stock Exchange Platform. For Redemptions including switch-outs In respect of valid applications received upto 3 p. the closing NAV of the next Business Day shall be applicable.98) = R 9. if any. Ongoing Price for redemption (sale)/ Redemption Price will be calculated on the basis of the Applicable NAV and switch-outs (to other schemes/plans of Exit Load.02) = R 10 * (0.However.m. official points of acceptance. the mutual fund) by investors The Redemption Price per Unit will be calculated using the following This is the price you will receive for formula: redemptions / switch-outs Redemption Price = Applicable NAV* (1 . NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act.m.m. Ongoing Price for subscription (purchase)/ The Sale Price will be the Applicable NAV of the Scheme/ Option.

upto three decimal places.000 and any amount thereafter. the value of balance Units (represented by the Units in the Unit holder’s account if such Redemption / Switch were to take place. The request for Redemption / Switch-out of Units could also be in fractions.hdfcfund. Redemption / Switch-out request can be made for a minimum amount of R 500 or a minimum of 50 Units.Where can the applications for purchase/ The application forms for subscription/ redemption/switches should be submitted redemption / switches be submitted? at / may be sent by mail to. then the Mutual Fund is authorised to close the account of the Unit holder and send the entire such (lesser) balance to the Unit holder. The members (Stock brokers) would be availing the platform/ mechanism provided by the stock exchanges for placing an order for purchase/ redemption of Units of the Scheme. invest a fixed amount of Rupees at regular intervals for purchasing additional Units of the Scheme at Applicable NAV. Minimum Amount / Units For Redemption (including Switch-out): The Redemption / Switch-out would be permitted to the extent of credit balance in the Unit holder’s account. www. the AMC will divide the Redemption / Switch-out amount so specified by the Redemption Price to arrive at the number of Units. If a Redemption / Switch-out request is for both. Further. Additional Purchase: R 1. If only the Redemption / Switch-out amount is specified by the Unit holder. This concept is called Rupee Cost Averaging. For details on updated list of ISCs / Official Points of Acceptance investors are requested to call 1800 2336767 or contact the AMC branches or log on to our website www. valued at the applicable Redemption Price). as the case may be. Minimum amount for purchase/ redemption/switches Minimum amount for Purchase (including Switch-in): R 5. Please refer to section ‘‘Special Products available’’ on Page 22 for more details.com can apply through HDFCMFOnline and HDFCMF InvestOnline or through Mobile handset with HDFCMobile.000 (or such other amount as the AMC may decide from time to time) or where the Units are held by a Unit holder in breach of any Regulation. if at the time of any part Redemption. The Investors can also subscribe/ redeem Units of the Scheme by placing an order with the members (stock brokers) of stock exchanges. The minimum amount of Redemption / Switch-out may be changed in future by the AMC.com The Investor who is registered with the AMC to subscribe/ redeem/switch online through the website viz. any of the ISCs / Official Points of Acceptance whose names and addresses are mentioned on Page 48 to 51 of the SID. 27 . falls below R 5. Under the SIP Investors can . Minimum balance to be maintained and Investors may note that in case balance in the account of the Unit holder does consequences of non-maintenance not cover the amount of Redemption request.000 and any amount thereafter. the specified number of Units will be considered the definitive request. The Redemption / Switch-out request can be made by specifying the rupee amount or by specifying the number of Units to be Redeemed. Closure of Unit Holders’ Account Investors may note that the AMC at its sole discretion may close a Unit holder’s account under a Plan / Option after giving notice of 30 days. Please refer to section “Special Products available” on Page 22 for more details. Please refer to section ‘‘Special Products available’’ on Page 22 for more details.hdfcfund. Investors may enter into an agreement with certain distributors (with whom AMC also has a tie up) referred to as “Channel Distributors” who provide the facility to investors to transact in units of mutual funds through various modes such as their website / other electronic means or through Power of Attorney in favour of the Channel Distributor. a specified rupee amount and a specified number of Units. Special Products available The Scheme shall offer the following facilities on an ongoing basis: SYSTEMATIC INVESTMENT PLAN (SIP) The Unit holders under the Scheme can benefit by investing specified Rupee amounts at regular intervals for a continuous period.

000/In respect of each SIP Instalment equal to or greater in value: 6 Minimum number of Cheques under QSIP : In respect of each SIP Instalment less than R 3.000/- in value: 4 than R 3.A.000 Top-up Frequency: Half Yearly SIP Instalments shall be as follows: Instalment No(s).500 and in multiples of R 100 thereafter under QSIP . Monthly SIP offers top-up frequency at half yearly and yearly intervals. even though the instructions may be for a period beyond that date. It may be noted that Investors need not have an existing Folio to start a SIP.000 5. 28 . ‘Monthly Systematic Investment Plan (MSIP)’ and ‘Quarterly Systematic Investment Plan (QSIP)’. An investor is eligible to issue only one cheque for each month/ quarter in the same SIP enrolment form. . This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP SIP Top-up . Minimum amount per SIP instalment is R 500 and in multiples of R 100 thereafter under MSIP and R 1.000 2.000 4. considered as yearly interval. they can start a folio with a SIP . Minimum number of Cheques under MSIP: In respect of each SIP Instalment less than R 1. The Top-up amount should be in multiples of R 500 only.A. Mutual Fund / AMC will register SIP in a folio held by a minor only till the date of the minor attaining majority.000 at half-yearly intervals. the account shall be frozen for operation by the guardian on the day the minor attains majority and no transactions shall be permitted till the requisite documents for changing the status of the account from ‘minor’ to ‘major’ are submitted. The SIP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age. Investors can invest under this facility at periodic intervals by providing post-dated cheques to Official Point(s) of Acceptance. For folios where the units are held on behalf of the minor. An Illustration: How to calculate the SIP Top-up amount? SIP Period : 01-Jan-2011 to 01-Dec-2012 (2 Years) Monthly SIP Instalment Amount : R 2.000 3.000 1. From Date To Date Monthly SIP Instalment Amount in B (A) 2.000 4.000/- There is no maximum duration for SIP enrolment for the Scheme. However.000 SIP Date : 1st of every month (24 instalments) Top-up Amount: R 1.000 (B) N. investors may avail for SIP Top-up facility wherein those who have enrolled for SIP have an option to increase the amount of the SIP Instalment .000/In respect of each SIP Instalment equal to or greater in value: 2 in value: 12 than R 1. facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct Debit Facility/Standing Instruction only.Not Applicable Note: Monthly SIP Instalment Amount increases by Top-up amount R 1. All SIP cheques under MSIP and QSIP should be of the same amount and same date.000 1. SIP offers investors two plans viz.000 1 to 6 7 to 12 13 to 18 19 to 24 1-Jan-11 1-Jul-11 1-Jan-12 1-Jul-12 1-Jun-11 1-Dec-11 1-Jun-12 1-Dec-12 N. Quarterly SIP offers top-up frequency at yearly intervals only. Additionally. by a fixed amount at pre-defined intervals.000 SIP Top-up Amount in B Increased Monthly SIP Amount in B (A+B) 2. Presently.Unit holder can enroll for the SIP facility by submitting duly completed Enrolment Form at the Official Point(s) of Acceptance. 1.000 3. In case the top-up frequency is not indicated under Monthly SIP it will be .

In order to enroll for SIP Auto Debit facility or Direct Debit Facility. The cheques will be presented on the dates mentioned on the cheque and subject to realization of the cheque. The AMC shall send an allotment confirmation specifying the units allotted under the SIP transaction by way of email and/or SMS within 5 Business Days of the initial investment. Gold Fund A/c PAN” or “HDFC Gold Fund A/c Investor Name” and crossed “A/c Payee only”. Notice of such discontinuance should be received at least 30 days prior to the due date of the next installment for SIP through Auto Debit (ECS Clearing/Direct Debit Facility/ Standing Instruction). Please refer to the SIP Enrolment Form for terms & conditions before enrolment. Please refer to section ‘Fees and Expenses’ on Page 44 for load structure for investment through SIP In case the date falls on a holiday or falls during a Book Closure period. first cheques could be of any date but all subsequent cheques should be dated 1st. if any. Eligible Investors (including joint holders) should submit a photocopy of any one of the (current and valid) Photo Identification documents as proof of identification and the Proof of Address [self-attested by the investor / attested by the ARN Holder/AMFI registered Distributor mentioning the ARN number] along with Micro SIP applications. On receipt of such request. However. 15th. distributors/agents and also displayed on the website www. notice of such discontinuance should be received at least 15 days prior to the due date of the next installment. subject to payment of applicable Entry Load. Investors will have the right to discontinue the SIP facility at any time by sending a written request to any of the Official Point(s) of Acceptance. April to March does not exceed R 50. an investor must fill-up SIP Enrolment Form (for investment through Auto-Debit / ECS / Standing Instruction). The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. . 10th. for SIP through Post Dated Cheques. On receipt of the post dated cheques. The AMC / Trustee reserve the right to change / modify load structure and other terms and conditions under the SIP prospectively at a future date.e.However. the SIP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month. the SIP facility will be terminated and the balance post-dated cheque/s will be returned to the Investor. who do not have a PAN.000 (hereinafter referred as “Micro SIP”) shall be exempt from the requirement of PAN on submission of a photocopy of any one of the Photo Identification document. This exemption will be applicable only to investments by individuals (including Joint Holders who are individuals. NRIs but not PIOs). Units will be allotted at the Applicable NAV. The investor will have to submit the Proof of Address alongwith the photo identification documents to enable AMCs/RTAs to carry out KYC of the investor. HUFs and other categories will not be eligible for the exemption.com All terms and conditions of Systematic Investment Plans (SIPs) (except SIP Top-up facility) shall apply to Micro SIPs. 5th. Minors and Sole proprietary firms. Thereafter. The list of acceptable Photo Identification documents and proof of address documents is given in the Micro SIP Enrolment Form. Investors / Unit holders may also enroll for SIP Auto Debit facility through Electronic Clearing Service (Debit Clearing) of the Reserve Bank of India or for SIP Direct Debit Facility available with specified Banks / Branches. the Fund will send a letter to the Unit holder confirming that the Unit holder’s name has been noted for the SIP facility. The first cheque and subsequent cheque should not fall in the same month in case of MSIP and in the same quarter in case of QSIP The cheques should be drawn in favour of “HDFC .hdfcfund. 29 . 20th or 25th. MICRO SYSTEMATIC INVESTMENT PLAN (“Micro SIP”) Investors may enroll with the Mutual Fund for Micro SIPs subject to adherence with the following: Systematic Investment Plans (SIPs) where aggregate of instalments in a rolling 12 month period or in a financial year i. Investors who wish to enroll for Micro SIP are required to fill in the Micro SIP Enrolment Form available with the ISCs. the immediate next Business Day will be considered for this purpose.

FACILITY TO PURCHASE / REDEEM UNITS OF THE SCHEME THROUGH STOCK EXCHANGE(S) A Unitholder may purchase / redeem units of eligible schemes through the Stock Exchange infrastructure. and crossed “A/c Payee Only”. In order to facilitate transactions in mutual fund units through the stock exchange infrastructure. The AMC / Trustee reserve the right to change / modify load structure and other terms and conditions under the GSIP prospectively at a future date. The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. Further. The list of eligible schemes is subject to change from time to time. or such other timings as may be decided. 20th or 25th of a month. and 3 p. There is no maximum duration for GSIP enrolment. All GSIP cheques should be of the same date.m. The investors will be eligible to only purchase / redeem units of the eligible schemes. GSIP offers investors Monthly Systematic Investment Plan (MSIP). the GSIP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month. please refer to Terms and Conditions of GSIP as mentioned in the Application cum Group Systematic Investment Plan (GSIP) Enrolment Form. Investors have an option to hold the units in physical or dematerialized form. All trading members of BSE & NSE who are registered with AMFI as Mutual Fund Advisors and who have signed up with HDFC Asset Management Company Limited and also registered with BSE & NSE as Participants (“AMFI certified stock exchange brokers” or “Brokers”) will be eligible to offer this facility to investors. The cheques should be drawn in favour of “HDFC Mutual Fund-Corporate Name”. For further details on GSIP please refer to Application cum GSIP Enrolment . The GSIP date selected from the abovementioned dates by the Corporate cannot be changed. Thereafter. Investors who are interested in transacting in eligible scheme(s) should register themselves with Brokers/Clearing Members/ Depository Participants. Please refer to the Micro SIP Enrolment Form for terms & conditions before enrolment. 10th. GROUP SYSTEMATIC INVESTMENT PLAN (GSIP) GSIP means the Systematic Investment Plan for participation by the Employee of the Corporate to subscribe to the Units of the various Schemes launched from time to time. BSE has introduced BSE StAR MF Platform and NSE has introduced Mutual Fund Service System (MFSS). the units of the Scheme are permitted to be transacted through Clearing Members of the registered Stock Exchanges. Under GSIP Corporate can only select the GSIP date. The units of eligible Schemes are not listed on BSE & NSE and the same cannot be traded on the Stock Exchange. All GSIP cheques must be dated 1st. the Depository Participants of registered Depositories are permitted to process only redemption request of units held in demat form.e. The window for purchase/redemption of units on BSE & NSE will be available between 9 a. Please refer to section ‘Fees and Expenses’ on Page 44 for details on load structure. purchase / redemption of units will be available to both existing and new investors. The AMC shall send an allotment confirmation specifying the units allotted under the GSIP transaction by way of email and/or SMS within 5 Business Days of the initial investment. 5th. Switching of units is not permitted.The Trustee reserves the right to change/modify the terms and conditions of Micro SIPs at a later date on a prospective basis. For details Mode of Payment. This facility i. The Corporate must write the ‘Corporate Code Number (‘CCN’)’ on the reverse of the cheque(s). Additionally. Form. 30 .m. 15th.

31 . The investor should provide their depository account details to the Brokers/ Clearing Members. The redemption proceeds will be credited to the bank account of the investor. Investors will be able to purchase/redeem units in eligible schemes in the following manner: i. After completion of the verification. Physical Form The investor who chooses the physical mode is required to submit all requisite documents along with the redemption application (subject to applicable limits prescribed by BSE/NSE) to the Brokers or Clearing Members. AMFI /NISM certification.11/183204/2009 dated November 13. The redemption order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor. Physical Form The investor who chooses the physical mode is required to submit all requisite documents along with the purchase application (subject to applicable limits prescribed by BSE/NSE) to the Brokers or Clearing Members. ii. Redemption of Units: a. Such credit of units by the AMC/ Mutual Fund to the Broker / Clearing Member’s pool account shall discharge AMC/ Mutual Fund of its obligation of allotment of units to the individual investor. 2009 for stock brokers viz. The investor will transfer the funds to the Brokers/ Clearing Members. as per the bank account details recorded with the Mutual Fund. the purchase order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor. The purchase order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor. Dematerialized Form The investors who intend to deal in depository mode are required to have a demat account with CDSL/ NSDL. The Broker/Clearing member shall verify the application for mandatory details and KYC compliance. SEBI /IMD / CIR No. Purchase of Units: a.The eligible AMFI certified stock exchange Brokers/Clearing Members/Depository Participants who have complied with the conditions stipulated in SEBI Circular No. code of conduct prescribed by SEBI for Intermediaries of Mutual Fund will be considered as Official Points of Acceptance (OPA) of the Mutual Fund. Allotment details will be provided by the Brokers/ Clearing Members to the investor. Investors shall receive the units through Broker/ Clearing Member’s pool account. b. The AMC/ Mutual Fund shall credit the units into Broker/ Clearing Member’s pool account and Broker/Clearing Member in turn shall credit the units to the respective investor’s demat account. The investor will transfer the funds to the Brokers/ Clearing Members. The investor who chooses the depository mode is required to place an order for purchase of units (subject to applicable limits prescribed by BSE/NSE) with the Brokers or Clearing Members. Allotment details will be provided by the Brokers/ Clearing Members to the investor.

The redemption proceeds will be credited to the bank account of the investor. The investor who chooses the depository mode is required to place an order for redemption (subject to applicable limits prescribed by BSE/NSE) with the Brokers or Clearing Members.b. For investors who have purchased their units under this facility in physical mode. Applications for purchase/redemption of units which are incomplete /invalid are liable to be rejected. 32 . The investors should provide their Depository Participant with Depository Instruction Slip with relevant units to be credited to Clearing Corporation pool account. Dematerialized Form Routed through Brokers/Clearing Members The investors who intend to deal in Depository mode are required to have a demat account with CDSL/ NSDL and units converted from physical mode to demat mode prior to placing of redemption order. Investors should contact the Investor Service Centres (ISCs) of HDFC Mutual Fund for further details. change of bank details. which is available for investment at that time. Unit holders are requested to note that request for conversion of units held in non-demat form into Demat (electronic) form or vice versa should be submitted alongwith a Demat/Remat Request Form to their Depository Participants. The AMC/ Mutual Fund shall pay proceeds to the Broker/Clearing Member and Broker/Clearing Member in turn to the respective investor’s account. In case of investors who intend to deal in units in depository mode. Investors shall receive redemption amount through Broker/Clearing Member’s account. weekly. monthly or quarterly basis from one HDFC Mutual Fund scheme to another scheme. The investors should provide their Depository Participant with Depository Instruction Slip with relevant Scheme ISIN and units to be redeemed. investors should approach Investor Service Centres (ISCs) of HDFC Mutual Fund if units are held in physical mode and the respective Depository Participant(s) if units are held in demat mode. The redemption order will be entered in the system and an order confirmation slip will be issued to investor. the AMC shall send a allotment confirmation within 5 Business Days from the date of receipt of request specifying the number of units allotted by way of email and/or SMS to the Unit holders who have registered their email address and/or mobile number with the Fund. The provision of “Minimum Redemption Amount” of the designated Transferor Scheme(s) and “Minimum Application Amount” of the designated Transferee Scheme(s) shall not be applicable to STP . The Trustee/AMC reserves the right to change/modify the features of this facility at a later date. In case of non-financial requests/ applications such as change of address. SYSTEMATIC TRANSFER PLAN (STP) A Unit holder may enroll for the Systematic Transfer Plan and choose to Switch on a daily. etc. Separate folios will be allotted for units held in physical and demat mode. Investors will have to comply with Know Your Customer (KYC) norms as prescribed by BSE/NSE/CDSL/ NSDL and the Mutual Fund to participate in this facility. Such payment of redemption proceeds by the AMC/ Mutual Fund to the Broker / Clearing Member shall discharge the AMC/ Mutual Fund of its obligation of payment to the individual investor. Routed Through Depository Participants The investors who intend to deal in Depository mode are required to have units in the demat account maintained with CDSL/ NSDL prior to placing of redemption order with their Depository Participant. as per the bank account details recorded with the Depository Participant. a demat statement will be sent by Depository Participant showing the credit/debit of units to their account. The applicability of NAV will be subject to guidelines issued by SEBI on Uniform cut-off timings for applicability of NAV of Mutual Fund Scheme(s)/Plan(s).

The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. after payment of Exit Load. 33 . Thereafter. In case these dates fall on a Holiday or fall during a Book Closure period. Unit holders will have the right to discontinue the STP facility at any time by sending a written request to the Official Point(s) of Acceptance. Please refer to section ‘Fees and Expenses’ on Page 44 for load structure for investment through STP In case the date falls on a Non-Business Day or . Under Quarterly FSTP & Quarterly CASTP: Minimum 2 instalments Further. The minimum number of instalments under each Plan are as follows. Fixed Systematic Transfer Plan (FSTP) with daily. falls during a book closure period. The amount so switched shall be reinvested in the Transferee scheme / plan. the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be R 12. even though the instructions may be for a period beyond that date. the STP facility will be terminated.: 6 Under Weekly FSTP Monthly FSTP & Monthly CASTP: . The amount transferred under the STP from the Transferor Scheme to the Transferee Scheme shall be effected by redeeming units of Transferor Scheme at Applicable NAV. the next Business Day will be considered for this purpose. Under Daily FSTP: where instalment amount is less than R 1. and subscribing to the units of the Transferee Scheme at Applicable NAV in respect of each STP investment.The amount thus switched shall be converted into Units on the scheduled date and such number of Units will be subtracted from the Unit balance of the Transferor Scheme. The AMC shall send an allotment confirmation specifying the units allotted under the STP transaction by way of email and/or SMS within 5 Business Days of the initial transfer. However. Please refer to the STP Enrolment Form for terms and conditions before enrolment. monthly and quarterly frequency and Capital Appreciation Systematic Transfer Plan (CASTP) with monthly and quarterly frequency. The AMC / Trustee reserves the right to change / modify load structure and other terms and conditions under the STP prospectively at a future date. Unit holders may change the amount (but not below the specified minimum) by giving written notice to any of the Official Point(s) of Acceptance.000/. if any. There will be no maximum duration for STP enrolment. the STP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month. For folios where the units are held on behalf of the minor. STP will be terminated automatically if all the Units are liquidated or withdrawn from the Transferor Scheme or pledged or upon the Fund’s receipt of notification of death or incapacity of the Unit holder. Mutual Fund / AMC will register STP in a folio held by a minor only till the date of the minor attaining majority. Presently STP offers investor two plans viz.: 12 where instalment amount is equal to or greater than R 1. On receipt of such request. weekly. the account shall be frozen for operation by the guardian on the day the minor attains majority and no transactions shall be permitted till the requisite documents for changing the status of the account from ‘minor’ to ‘major’ are submitted. the immediate next Business Day will be considered for the purpose of determining the applicability of NAV. Notice of such discontinuance should be received at least 10 days prior to the due date of the next transfer date. Minimum 6 instalments.000/. 000. The STP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age.

In respect of amount withdrawn under SWAP the Exit Load. Fixed Plan is available for Growth as well as Dividend Option and Variable Plan is available for Growth Option only for eligible Scheme(s)/Plan(s) under SWAP facility.and a minimum of 6 instalments where instalment amount is equal to or greater than R 1. Please refer to the HDFC Flex STP Enrolment Form for terms & conditions before enrolment. 20th.market value of the investments through Flex STP in the Transferee Scheme on the date of transfer] whichever is higher}. The total Flex STP amount invested in the Transferee Scheme shall not exceed the total enrollment amount i. 15th. Unitholder is free to choose the frequency of such transfers. Please refer to section ‘Fees and Expenses’ on Page 44 for load structure for investment through Flex STP Unitholders who wish to enroll for this facility .HDFC FLEX SYSTEMATIC TRANSFER PLAN HDFC Flex Systematic Transfer Plan (Flex STP) is a facility wherein unit holder(s) of designated open-ended Scheme of HDFC Mutual Fund can opt to transfer variable amount(s) linked to value of investments under Flex STP on the date of transfer at pre-determined intervals from designated open-ended Scheme of HDFC Mutual Fund (hereinafter referred to as “Transferor Scheme”) to the growth option of designated open-ended Scheme of HDFC Mutual Fund (hereinafter referred to as “Transferee Scheme”). if any). distributors/agents and also displayed on the website www.Weekly & Monthly Interval and 2 instalments under Flex STP – Quarterly Interval. Flex STP offers transfer facility at daily. you should be aware of the possibility that you could erode your capital. The amount withdrawn (subject to deduction of tax at source. the minimum unit holder’s account balance or a minimum amount of application at the time of Flex STP enrolment in the Transferor Scheme should be R 12. if any. In case the amount to be transferred is not available in the Transferor Scheme in the unit holder’s account. the residual amount will be transferred to the Transferee Scheme and Flex STP will be closed. Unitholder(s) who opt for Fixed Plan under systematic withdrawal from each Scheme/ Plan have an option of Monthly. if any) fixed sum (Fixed Plan) or a variable amount (Variable Plan) from their Unit accounts at periodic intervals (subject to completion of lock-in period. 5th. if any) under SWAP by Redemption shall be converted into the specific Scheme / Plan Units at the NAV based prices as on 1st. There should be a minimum of 12 instalments where instalment amount is less than R 1.000/. Quarterly. The amount to be transferred under Flex STP from Transferor Scheme to Transferee Scheme shall be calculated as follows: {fixed amount to be transferred per instalment or the amount as determined by the following formula [(fixed amount to be transferred per instalment X number of instalments including the current instalment) . Investors may note that if you decide to take up Fixed Plan under SWAP facility.com The AMC / Trustee reserve the right to change / modify load structure and other terms and conditions under the HDFC Flex STP prospectively at a future date. Any Unit holder can avail of this facility subject to the terms and conditions contained in the SWAP Enrolment Form. SYSTEMATIC WITHDRAWAL ADVANTAGE PLAN (SWAP) This facility. the Scheme/Plan as on the date of allotment of units shall be levied. then the Mutual Fund will redeem the Units outstanding in its entirety.hdfcfund.000/-. There should be a minimum of 6 instalments for enrolment under Flex STP . If the net asset value of the Units outstanding on the withdrawal date is insufficient to process the withdrawal request. weekly. available to the Unit holders of the Scheme. 25th of month/quarter/ year and such Units will be subtracted from the Unit Balance of the Unit holders. applicable to . Half-Yearly and Yearly intervals. amount per installment X number of installments.Daily Interval. 10th. are required to fill HDFC Flex STP Enrolment Form available with the ISCs. 34 . Half-Yearly and Yearly intervals and Unitholder(s) who opt for Variable Plan under systematic withdrawal from each Scheme/Plan have an option of Quarterly. Also. enables them to withdraw (subject to deduction of tax at source. monthly and quarterly intervals.e.000/.under Flex STP .

SWITCHING OPTIONS Unit holders under the Scheme have the option to Switch part or all of their Unit holdings in the Scheme to another Scheme established by the Mutual Fund.g. or within the Scheme from one option to another option (subject to completion of lock-in period. The Switch will be effected by way of a Redemption of Units from the Scheme / Plan and a reinvestment of the Redemption proceeds in the other scheme / plan and accordingly. The SWAP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age. Please read the instructions on the Application Form for further details. In case of triggers linked with events / dates. The AMC / Trustee reserve the right to change / modify the terms and conditions under the SWAP prospectively at a future date. on realisation of gains. This Option will be useful to Unit holders who wish to alter the allocation of their investment among the Scheme / plan(s) / option(s) of the Mutual Fund in order to meet their changed investment needs. if any) which is available for investment at that time. Exit / Entry Load etc). Mutual Fund / AMC will register SWP in a folio held by a minor only till the date of the minor attaining majority. a Unit holder may opt for withdrawal and / or switch based on the Unit balance attaining a minimum capital appreciation / gains. as to the minimum number of Units that may be redeemed or issued. AUTOMATIC TRIGGER FACILITY Under this facility. The AMC shall send an allotment confirmation within 5 Business Days from the date of receipt of switch request specifying the number of units allotted under the switch transaction by way of email and/or SMS to the Unit holders who have registered their email address and/or mobile number with the Fund. The Switch request can be made on a Transaction Slip. For folios where the units are held on behalf of the minor. The switch transaction shall be reflected in the CAS send by mail / e-mail. Please refer to the SWAP Enrolment Form for terms & conditions before enrolment. to be effective. and the proceeds will be invested in the other scheme / plan at the prevailing sale price for units in that scheme / plan. Unit holders can enroll themselves for the facility by filling in the appropriate box in the Application Form or by subsequently making a written request to the ISC. if any). the account shall be frozen for operation by the guardian on the day the minor attains majority and no transactions shall be permitted till the requisite documents for changing the status of the account from ‘minor’ to ‘major’ are submitted. The Units will be redeemed as and when the balance reaches a desired value or after certain period of time etc. a specified amount / full amount / gains / appreciation etc. events. which should be submitted at / may be sent by mail to any of the ISCs. SWAP facility is available subject to terms & conditions. No load shall be imposed for switching between the Options within the Scheme. the Switch must comply with the Redemption rules of the Scheme and the issue rules of the other scheme (e. The price at which the Units will be Switched out of the respective Options will be based on the Redemption Price. even though the instructions may be for a period beyond that date. The AMC retains the right to charge different Loads on Switching of Units as compared to Sale / Redemption of Units as the case may be.Investors can enroll themselves for the facility by submitting the duly completed SWAP Enrolment Form at any of the ISCs. dates etc (subject to deduction of tax at source. 35 . would be redeemed and paid either on the investment attaining a particular value or after a particular period of time.

when invested through this mode. damages or losses arising out of or in connection with the transactions undertaken by investors / distributors through above mode.com using HDFCMFInvestOnline. along with their directors. HDFCMFOnline This facility enables investors to transact online on www. As per RBI’s operative guidelines on Mobile banking dated December 24. Unitholders can execute transactions online for purchase*. the transaction request. besides other options. besides other options.hdfcfund. The Mutual Fund. download account statements and request for documents via email. if any) and dividend payouts. the subscription proceeds. * Payment arrangement for purchase of units is available at present with HDFC Bank only. The Channel Distributor is required to send copy of investors’ KYC and agreement entered into between the investor & distributor to the RTA (one time for central record keeping) as also the transaction documents / proof of transaction authorization as the case may be. On HDFCMFOnline. employees and representatives shall not be liable for any errors. subscriptions/redemptions/switches) of their various investors and forward the same electronically to the AMC / RTA for processing on daily basis as per the cut-off timings applicable to the relevant schemes. 2009. redemption. The Redemption proceeds (subject to deduction of tax at source. Unitholders can execute purchase transactions or register for Systematic Investment Plan and avail such other services as may be introduced by the Fund from time to time. On HDFCMFMobile. Unitholders can execute transactions on their mobile phone for purchase*. to the AMC / RTA as per agreed timelines. HDFCMFInvestOnline This facility enables existing Unitholders not having a HDFC Personal Identification Number (HPIN) to transact online on the Fund’s website www.hdfcfund. ELECTRONIC SERVICES The e Services facility includes HDFCMF Online . Under such arrangement. Please visit our website from time to time for an updated list of banks. HDFCMFMobile This facility enables investors to transact on their mobile handsets. Unitholders can also view account details and portfolio valuation on their mobile phone. HDFCMFInvest Online.com using HDFCMFOnline. Normally. request for account statements. It may be noted that investors investing through this mode may also approach the AMC / ISC directly with their transaction requests (financial / nonfinancial) or avail of the online transaction facilities offered by the AMC. are by way of direct credits to the specified bank account of the Fund. switch and also register for Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) of units of schemes of HDFC Mutual Fund and other services as may be introduced by HDFC Mutual Fund from time to time. Unitholders can also view account details and portfolio valuation online. as applicable. Bank Account Number registered in the folio and Net banking facility with any of the select banks to avail the HDFCMFInvestOnline facility. as the case may be. shall be liable to be rejected. *facility available with select banks and subject to submission of Permanent Account Number (PAN) and Know Your Customer (KYC) compliance proof. valid PAN. redemption or switching of units of schemes of HDFC Mutual Fund and other services as may be introduced by HDFC Mutual Fund from time to time. In case KYC and other necessary documents are not furnished within the stipulated timeline. HDFCMFMobile and ePayouts. the Channel Distributors will aggregate the details of transactions (viz. 36 . Unitholders must possess a Folio Number (KYC validated). are paid by the AMC to the investor directly through direct credit in the specified bank account of the investor or through issuance of payment instrument.000 per customer per day for transactions. if any. the Trustee.TRANSACTIONS THROUGH “CHANNEL DISTRIBUTORS” Investors may enter into an agreement with certain distributors (with whom AMC also has a tie up) referred to as “Channel Distributors” who provide the facility to investors to transact in units of mutual funds through various modes such as their website / other electronic means or through Power of Attorney in favour of the Channel Distributor. the AMC. presently there is a restriction of R 50. You also need to have opted for the mobile-banking facility with your Bank.

In consideration of the Recipient from time to time accepting and at its sole discretion (including but not limited to the AMC extending / discontinuing such facilities from time to time) acting on any fax / web / electronic transaction request received / purporting to be received from the transmitter. the transmitter agrees to indemnify and keep indemnified the AMC. The acceptance of the fax / web /electronic transactions will be solely at the risk of the transmitter of the fax / web / electronic transactions and the Recipient shall not in any way be liable or responsible for any loss. representatives of the AMC. the Registrar (“Recipient”) may accept transactions through any electronic mode (“fax/web/electronic transactions”) as permitted by SEBI or other regulatory authorities. having a lack of quality or clarity. losses. The transmitter authorizes the recipient to accept and act on any fax / web / electronic transmission which the recipient believes in good faith to be given by the transmitter and the recipient shall be entitled to treat any such fax / web / electronic transaction as if the same was given to the recipient under the transmitter’s original signature.com SUBSCRIPTION OF UNITS THROUGH ELECTRONIC MODE Subject to the investor fulfilling certain terms and conditions as stipulated by AMC from time to time. telephone call backs or a combination of the same. The AMC reserves the right to modify the terms and conditions or to discontinue the facility at any point of time. via Direct Credit / NEFT / ECS is covered under eServices facility for further details. garbled. Registrar or any other agent or representative of the AMC. the AMC. obligations.Apart from above mentioned facilities. agents. Directors. Mutual Fund. as a result of the transmitter sending or purporting to send such transactions including where a fax / web /electronic transactions sent / purported to be sent is not processed on account of the fact that it was not received by the Recipient. costs and expenses of whatever nature (whether actual or contingent) directly or indirectly suffered or incurred. Mutual Fund and Trustees from and against all actions. damages. employees. altered. The transmitter acknowledges that fax/web/electronic transactions is not a secure means of giving instructions / transactions requests and that the transmitter is aware of the risks involved including those arising out of such transmission being inaccurate. The transmitter accepts that the fax / web / electronic transactions shall not be considered until time stamped as a valid transaction request in the Scheme in line with SEBI (MF) Regulations. liabilities. 37 . Mutual Fund. please refer eServicesbooklet available to all Investor Service Centres (ISCs) as well as on our website www. damage caused to the transmitter directly or indirectly. distorted. sustained by or threatened against the indemnified parties whatsoever arising from or in connection with or any way relating to the indemnified parties in good faith accepting and acting on fax / web / electronic transaction requests including relying upon such fax / electronic transaction requests purporting to come from the Transmitter even though it may not come from the Transmitter. which may be recorded by tape recording device and the transmitter consents to such recording and agrees to co-operate with the recipient to enable confirmation of such fax/web/ electronic transaction requests. The transmitter’s request to the Recipient to act on any fax / web / electronic transmission is for the transmitter’s convenience and the Recipient is not obliged or bound to act on the same. the facility of ePayouts comprising of mode of payment of Redemption / Dividend Proceeds if any. claims. illegible. imperfect. ineffective. The transmitter agrees that security procedures adopted by the recipient may include signature verification. not timely etc.hdfcfund. demands.

Half Yearly Consolidated Account Statement: The consolidated account statement detailing holding across all schemes at the end of every six months (i. It is deemed that the Unit holder is aware of all security risks including possible third party interception of the documents and contents of the documents becoming known to third parties.Account Statements For normal transactions during ongoing sales and repurchase: i) Consolidated Account Statement (CAS): On acceptance of the application for subscription. In case of a specific request received from the Unit holders. the Unit holder shall promptly advise the Fund to enable the Fund to make the delivery through alternate means. It is deemed that the Unit holder is aware of all security risks including possible third party interception of the documents and contents of the documents becoming known to third parties. Dividends will not be declared under this Option. systematic withdrawal plan. the Unit holder shall promptly advise the Fund to enable the Fund to make the delivery through alternate means. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective DPs periodically. In the event the account has more than one registered holder. Unit holders who receive account statements by e-mail may download the documents after receiving e-mail from the Fund. The Scheme offers only Growth Option. consolidated account statement for each calendar month to the Unit holder(s) in whose folio(s) transaction(s) has/have taken place during the month on or before 10th of the succeeding month shall be sent by mail/e-mail. unless a specific request is made to receive in physical. systematic investment plan. Dividend Not Applicable. the Fund will provide the account statement to the investors within 5 Business Days from the receipt of such request. switch. The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. The CAS shall not be received by the Unit holders for the folio(s) not updated with PAN details. The Unit holders are therefore requested to ensure that the folio(s) are updated with their PAN. Thereafter. the AMC shall send an allotment confirmation specifying the number of units allotted by way of email and/or SMS within 5 Business Days from the date of receipt of request. dividend payout. For the purpose of sending CAS. on or before 10th day of succeeding month.e. dividend reinvestment. redemption. to all such Unit holders in whose folios no transaction has taken place during that period shall be sent by mail/e-mail. Should the Unit holder experience any difficulty in accessing the electronically delivered documents. The half yearly consolidated account statement will be sent by e-mail to the Unit holders whose e-mail address is available with the Fund. The ‘transaction’ shall include purchase. systematic transfer plan and bonus transactions. Unit holders who receive account statements by e-mail may download the documents after receiving e-mail from the Fund. Should the Unit holder experience any difficulty in accessing the electronically delivered documents. 38 . September/ March). the firstnamed Unit holder shall receive the CAS/ account statement. common investors across mutual funds shall be identified by their Permanent Account Number (PAN).

The processing of redemption requests within 10 Business Days of the Redemption date will be subject to the ability of the Scheme to liquidate units of HGETF on the stock exchange(s) and/ or directly with the Fund. In case of liquidation of HGETF units directly with the Fund. may be redeemed by such Unit holder in accordance with the procedure described in SID and subject to any procedures laid down by the RBI. Further. the redemption cheque will not be dispatched until sufficient time has elapsed to provide reasonable assurance that cheque(s) or draft(s) for Units purchased have been cleared. and intimation in regard to the same shall be dispatched to the Unit holder. if there is more than one holder on record. a lien on Units allotted will be created. will be paid in case the Redemption proceeds are not made within 10 Business Days of the Redemption Date. REDEMPTION BY NRIs / FIIs Credit balances in the account of an NRI / FII Unit holder. All Redemption payments will be made in favour of the registered holder of the Units or. the redemption proceeds shall be directly credited to their account. only to the first registered holder. In case the cheque / draft is dishonoured by the bank. On an ongoing basis. Payment to NRI / FII Unit holders will be subject to the relevant laws / guidelines of the RBI as are applicable from time to time (also subject to deduction of tax at source as applicable). if there is more than one registered holder. the Mutual Fund shall despatch Redemption proceeds within 10 Business Days of the Redemption date. when existing and new investors make subscriptions. The processing of redemption requests within 10 Business Days of the Redemption date will be subject to the ability of the Scheme to liquidate units of HGETF on the stock exchange(s) and/ or directly with the Fund. if any. the Mutual Fund shall despatch Redemption proceeds within 10 Business Days of the date of Redemption. only to the first registered holder) with bank account number furnished to the Mutual Fund (please note that it is mandatory for the Unit holders to provide the Bank account details as per the directives of SEBI). A penal interest of 15% or such other rate as may be prescribed by SEBI from time to time. As per SEBI (MF) Regulations. In case of liquidation of HGETF units directly with the Fund. (i) Credited to the NRI investor’s NRO account. and such Units shall not be available for redemption until the payment proceeds are realized by the Scheme. the payment of redemption proceeds under the Scheme will be subject to receipt of redemption proceeds from HGETF. the redemption proceeds may be paid by way of ECS/ EFT / NEFT / RTGS / any other manner through which the investor’s bank account specified in the Registrar & Transfer Agent’s records or the bank A/C linked to his demat account is credited with the redemption proceeds as per the instructions of the Unit holders. the transaction shall be reversed and the Units alloted earlier shall be cancelled. In the case of NRIs Payment of Redemption proceeds shall be. In case a Unit holder redeems Unit holder redeems Units soon after making purchases. if there is more than one registered holder. As per SEBI (MF) Regulations. the payment of redemption proceeds under the Scheme will be subject to receipt of redemption proceeds from HGETF. the address of the first-named Unit holder). where the payment for the purchase of the Units redeemed was made out of funds held in NRO account or 39 . (b) For other Unit holders not covered by (a) above and Unit holders covered by (a) but have given specific request for Cheque/Demand Draft : Redemption proceeds will be paid by cheque and payments will be made in favour of the Unit holder (registered holder of the Units or.Redemption Payment of Redemption Proceeds (a) For Unit holders having a bank account with HDFC Bank Limited or such other banks with whom the AMC would have an arrangement from time to time: In case of Unit holders having a bank account with certain banks with whom the Mutual Fund would have an arrangement from time to time. Redemption cheques will be sent to the Unit holders address (or.

hdfcfund. specify any other registered bank account for credit of redemption proceeds at the time of requesting for the redemption. Reasonable procedures will need to be followed to assure 40 . Unit holders are free to change their bank details registered with the Mutual Fund subject to adherence with the following procedure: 1. mobile numbers and email IDs to HDFC Mutual Fund in writing. Unit holders are advised to provide their contact details like telephone numbers. Unit holders may note that it is desirable to submit their requests for change in bank details atleast 7 days prior to date of redemption / dividend payment. the Unit holder may submit a letter from the bank on its letterhead certifying that the Unit holder maintains/ maintained an account with the bank. employee code. For investors holding units in non-demat mode. name. arrange to issue redemption and / or any distribution cheques in favour of an alternate payee on Unit holder(s) specific request either at the time of investment and /or at the time of redemption or any distribution. 3. a copy of the bank pass book or a statement of bank account having the name and address of the account holder and account number. may not necessarily apply. Further. Unit holders should without fail cancel the cheque and write ‘Cancelled’ on the face of it to prevent any possible misuse. The originals documents will be returned across the counter to the Unit holder after due verification. the bank account information like bank account number. Investors must specify any one account as the “Default Bank Account”. the normal processing time as specified in the Scheme Information Document. In case of non-availability of any of these documents. in the event of a request for redemption of units being received within seven days of a request for change in bank account details. The copy of such documents will be verified with the original documents to the satisfaction of HDFC Mutual Fund. they should be certified by the bank manager with his / her full signature. Unit holders will be required to submit a valid request for a change in bank account details along with a cancelled original cheque leaf of the new bank account as well as the bank account currently registered with the Mutual Fund (where the account number and first unit holder name is printed on the face of the cheque). Change in Bank Account For investors holding units in demat mode. however it shall be within the regulatory limits. Redemptions / dividend payments. bank seal and contact number) 4. if any. the MICR code of the branch & IFSC Code (where available). 2. if any. The Trustee reserves the right to amend the aforesaid requirements. Investors holding units in non-demat form are requested to avail the facility of registering multiple bank accounts by filling in the ‘Multiple Bank Accounts Registration Form’ available at our Investor Service Centres (ISCs) or on our website www. by providing necessary documents. (In respect of (2) and (3) above. Payment to Alternate Payee The Mutual Fund may subject to compliance with such requirement as it deems fit and necessary may stipulate. may however. Unit holders may also bring a copy of any of the documents mentioned in (3) above along with the original documents to the ISCs/Official Points of Acceptance of HDFC Mutual Fund. Where such name is not printed on the original cheque.Multiple Bank Accounts Registration The AMC/ Mutual Fund provides a facility to the investors to register multiple bank account (currently upto 5 for Individuals and 10 for Non – Individuals) for receiving redemption/ dividend proceeds etc. In the event of a request for change in bank account information being invalid / incomplete / not satisfactory in respect of signature mismatch/document insufficiency/ not meeting any requirements more specifically as indicated in clauses 1-4 above. will be processed and the last registered bank account information will be used for such payments to Unit holders. the request for such change will not be processed. the procedure for change in bank details would be as determined by the depository participant. The investor. account type. the procedure as detailed below shall be applicable. bank branch.com.

account type and number. Mutual Fund shall issue a press release providing reasons and explaining when the Mutual Fund would be able to publish the NAVs. SEBI has made it mandatory for investors to provide their bank details viz. (ii) Remitted abroad or at the NRI investor’s option. In case of any delay.m. of the next Business day. The NAV shall be calculated for all Business days and released to the Press with one day lag with an asterix explaining that the NAVs are with one day/ or the actual time lag. The AMC will not be responsible for any loss arising out of fraudulent encashment of cheques / warrants and / or any delay / loss in transit. NAVs will also be displayed on the Website of the Mutual Fund on www.hdfcfund. where the Units were purchased on repatriation basis and the payment for the purchase of Units redeemed was made by inward remittance through normal banking channels or out of funds held in NRE / FCNR account. In the case of FIIs The Fund will credit the net amount of redemption proceeds of such Units to the foreign currency account or Non-Resident Rupee Account of the FII investor.AMFI (www. The AMC will calculate and disclose the first NAV of the Scheme not later than 5 Business days from the allotment of Units of the Scheme.com) by 10. It may be noted that there is no commitment from the Mutual Fund that this facility will be available to the Unit holders. C. All payments and settlements made to such Alternate Payee(s) and a receipt thereof shall be a valid discharge by the Mutual Fund and the Mutual Fund shall not in any manner be liable to the Unit holder. 2000. 41 . branch. the NAV will be calculated and disclosed for every Business Day. PERIODIC DISCLOSURES Net Asset Value This is the value per unit of the scheme on a particular day. However. the AMC will not be liable to pay any interest or compensation or any amount otherwise. in case the AMC / Trustee is required to obtain from the investor / Unit holders verification of identity or such other details relating to subscription for Units under any applicable law or as may be requested by a regulatory body or any government authority. The Mutual Fund.that instructions from Unit holders regarding payment to Alternate Payee are genuine. reserves the right to require an indemnity or verification countersigned by a Bank Manager. in case the redemption / repurchase proceeds are not made within 10 Business Days of the date of Redemption / repurchase.com. credited to his NRE / FCNR / NRO account. transactions which are not specifically prohibited under the Foreign Exchange Management (Current Account Transactions) Rules. The NAVs of the Scheme shall be published atleast in two daily newspapers on a daily basis in accordance with SEBI (MF) Regulations. Applications without complete bank details shall be rejected. The Unit holder(s) would be liable for the loss resulting from a fraudulent encashment / payment to Alternate Payee. Bank Details In order to protect the interest of Unit holders from fraudulent encashment of redemption / dividend cheques. to the Mutual Fund. Information regarding NAV can be obtained by the Unit holders / Investors by calling or visiting the nearest ISC. name of bank. The Sale and Redemption price of Units shall be published in two daily newspapers on a daily basis in accordance with SEBI (MF) Regulations. AMC shall update the NAVs on the website of Association of Mutual Funds in India . 1999. ability of the Scheme to liquidate units of HGETF on the Stock Exchange(s) and/or directly into the Fund. etc. Delay in payment of redemption / The AMC shall be laible to pay interest to the Unit holders at 15% or such other repurchase proceeds rate as may be prescribed by SEBI from time to time. You can ascertain the value of your investments by multiplying the NAV with your unit balance. address. that the Mutual Fund reasonably believed as genuine. Notary Public.00 a. based on the Unit holders instructions.amfiindia. Subsequently. Magistrate or any other party acceptable to it before accepting such instructions. GSR (381) E dated May 3. the reasons for such delay would be explained to AMFI in writing. Pursuant to Government of India Notification No. 2000 or which are not included in Schedule II (transactions specified in this Schedule require prior approval of the Government of India) or Schedule III (transactions specified in this Schedule require prior approval of Reserve Bank of India) may be permitted by authorised dealers without any monetary / percentage ceilings subject to compliance with the provisions of Section 10(5) of the Foreign Exchange Management Act. which may result in delay in processing the application. If the NAVs are not available before commencement of business hours on the following day due to any reason.

additional incometax is payable under section 115R of the Act. publish its unaudited financial results in one national English daily newspaper and in a regional newspaper published in the language of the region where the Head Office of the mutual fund is situated. The market value of these investments is also stated in portfolio disclosures. The Scheme wise annual report or an abridged summary thereof shall be sent: (i) by e-mail to the Unit holders whose e-mail address is available with the Fund. March 31 and September 30. Before expiry of one month from the close of each half year that is on March 31 and September 30. The statement of portfolio shall also be displayed on the website of the Mutual Fund. ^^ Note: 1.Half yearly Disclosures: Portfolio / Financial Results This is a list of securities where the corpus of the scheme is currently invested. Please refer to ‘Statement of Additional Information (‘SAI’)’. such fund where the investible funds are invested by way of equity shares in domestic companies to the extent of more than 65% of the total proceeds of such fund). MFD/CIR/ 9/120/2000 dated November 24. The physical copy of the scheme wise annual report or abridged summary thereof shall be made available to the investors at the registered office of the AMC. by way of an advertisement. HDFC Mutual Fund is a Mutual Fund registered with the Securities & Exchange Board of India and hence the entire income of the Mutual Fund will be exempt from income tax in accordance with the provisions of Section 10(23D) of the Income-tax Act. 2001. if any.e. A link of the scheme annual report or abridged summary thereof shall be displayed prominently on the website of the Fund and shall also be displayed on the website of Association of Mutual Funds in India (AMFI). in the case of its Schemes (other than equity-oriented funds i. in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated. 2000. These results shall also be displayed on the website of the Mutual Fund and AMFI. (ii) in physical form to the Unit holders whose email address is not registered with the Fund and/or those Unit holders who have opted / requested for the same. education cess and secondary and higher education cess. ^^ For details on taxation. MFD/CIR/1/ 200/2001 dated April 20. The scheme wise annual report or an abridged summary shall be sent by mail/e-mail not later than four months from the date of closure of the relevant accounting year (i. The additional incometax on distribution of income to an individual / Hindu Undivided Family (HUF) shall be payable by the mutual fund at the rate of 13.445%* on distribution of income to any other investor.e. 1961 (the Act). Half Yearly Results The Mutual Fund and Asset Management Company shall before the expiry of one month from the close of each half year that is on 31st March and on 30th September.519%* and at the rate of 32.e.445%* (Refer Note below) Annual Report Associate Transactions Taxation Captial Gains: Long Term Short Term Nil 10%/20%^^ Nil Income tax Rate applicable to the Unit holders as per their income slab. On income distribution. 31st March each year). the Mutual Fund will publish its half-yearly unaudited financial results in one national English daily newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated as per the new format prescribed by SEBI vide their Circular No. The Mutual Fund shall before the expiry of one month from the close of each half year i. The disclosure of Portfolio shall be made in the format prescribed by SEBI in their Circular No. 2. Provided that the statement of Scheme portfolio may not be sent to the Unit holders if the statement is published. * including applicable surcharge. please refer to the clauses on ‘Taxation’ in ‘Statement of Additional Information (‘SAI’)’.519%* Others : 32. Resident Investors Mutual Funds Tax on Dividend Nil Dividend Distribution Tax (DDT) Individual / HUF : 13. 42 . made by the Mutual Fund. send to all Unit holders a complete statement of its Scheme portfolio.

if any. if applicable.00 a. the NAV of the Scheme will be calculated for every Business day and announced by the next Business Day upto 10. (022) 22821144. 122. Mumbai .com. of Units outstanding under the Scheme The AMC will calculate and disclose the first NAV of the Scheme not later than 5 Business days from the allotment of NAV (R) per Unit = 43 . John Mathews. Dinshaw Vachha Road. hdfcfund. 2nd Floor.Client Services can be contacted at Mistry Bhavan. The NAV of the Scheme will be calculated upto 4 decimals. His e-mail contact is: jmathews@hdfcfund.400 020 at telephone number (Direct) (022) 66316301 or telephone number (Board) (022) 66316333. For the purposes of determination of the thinly traded / non traded securities the definitions in the SEBI regulations pertaining to equity schemes shall be applied.m. Subsequently. Investors can also post their grievances / feedback / suggestions on our website www. D. or such norms as may be specified by SEBI from time to time. In case the units of underlying ETF becomes unlisted or gets classified as thinly traded / non traded the same may be valued as per the underlying NAV (adjusted for load. Head . The Head Office of the AMC will follow up with the respective ISCs to ensure timely redressal and prompt investor services. Churchgate. Computation of NAV will be done after taking into account dividends declared. and the distribution tax thereon. since there are no specific references to Gold based units. if any) of the fund as on the valuation date. e-mail: cliser@hdfcfund.Investor services Investors may contact any of the Investor Service Centres (ISCs) of the AMC for any queries / clarifications at telephone number 60006767 or 1800 233 6767 (toll free).com under the section ‘Customer Care’ appearing under ‘Contact Us’. Mr. The Mutual Fund will value its investments according to the valuation norms.com Units of the Scheme. NAV of Units of the Scheme shall be calculated as shown below: Market or Fair Value of the Scheme’s Investments + Current Assets Current Liabilities and Provisions No. Fax number. Units will be allotted upto 3 decimals. The underlying units will be valued at the closing traded price of underlying units as traded on the principal exchange as on the valuation date. as specified in Schedule VIII of the SEBI (MF) Regulations. COMPUTATION OF NAV The Net Asset Value (NAV) per Unit of the Scheme will be computed by dividing the net assets of the Scheme by the number of Units outstanding under the Scheme on the valuation date.

The total expenses of the Scheme including the investment management and advisory fee shall not exceed the limit stated in Regulation 52(6) of the SEBI (MF) Regulations. the balance of the subscription amount shall be invested. The figures in the table besides are estimates and are subject to change as per actual expenses incurred subject to maximum limits prescribed under the SEBI (MF) Regulations.com within two working days mentioning the effective date of the change.hdfcfund. Please refer to the table below for details. as given in the table below: The AMC has estimated upto 0. The expenses under any head may be more or less than as specified in Investor other than First Time Mutual Fund Investor However. depending upon whether the NAV of the scheme is calculated on daily or weekly basis will be charged to the Scheme as expenses. amount per SIP installment x No. of the weekly average net assets of the scheme. marketing and selling costs etc. The AMC reserves the right to calculate investment management fees or recurring expenses on the basis of daily or weekly average net assets depending on the periodicity of publication of NAV. Thereafter.000 0.040 C. A.010 0. These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se.000 and above will be deducted from the subscription amount and paid to the distributor/ agent of the investor. the investor should refer to the website of the Mutual Fund viz www. the table above. Registrar and Transfer Agents’ fee. Expense Head % of net assets HDFC Gold Fund (Growth Option) Investment Management and Advisory Fees Trustee Fees Custodial Fees Audit Fees Registrar & Transfer Agent Fees including cost related to providing accounts statement . but the total recurring expenses that can be charged to the Scheme will be subject to limits prescribed from time to time under the SEBI (MF) Regulations. The balance of the subscription amount shall be invested.005 0. Cir/ IMD/ DF/13/ 2011 dated August 22. AMC / Mutual Fund will deduct the transaction charges from the subscription amount and pay to the distributors (who have opted to receive the transaction charges) as shown in the table below. 2011 to deduct transaction charges for subscription of V 10. shall be borne by the AMC or by the Trustee or the Sponsor. registrar expenses. The balance of the subscription amount shall be invested.750 The purpose of the above table is to assist the Investor in understanding the various costs and expenses that an Investor in the Scheme will bear directly or indirectly. In accordance with the said circular.000 and above will be deducted from the subscription amount and paid to the distributor/ agent of the first time investor.010 0. which is currently the cap on the expenses of underlying scheme. 44 .500 0. wherein the role of the distributor is vital. For the actual current expenses being charged.050 0. has allowed AMCs vide its circular No. subject to the approval of the Trustee Total Recurring Expenses 0. bank charges etc.50% p. NEW FUND OFFER (NFO) EXPENSES These expenses are incurred for the purpose of various activities related to the NFO like marketing and advertising.750% of the daily or weekly average net assets of the Scheme.or more. The transaction charges shall be deducted in 3-4 installments. Any expenditure in excess of the SEBI regulatory limits. The Trustee/ AMC reserves the right to change the expenses of the Scheme as capped above as and when it is allowed by SEBI to charge higher expenses under the Scheme and/or the underlying scheme. The information provided under this Section seeks to assist the investor in understanding the expense structure of the Scheme and types of different fees / expenses and their percentage the investor is likely to incur on purchasing and selling the Units of the Scheme. B.per subscription of V 10. of installments) amounts to V 10. 0. printing and stationary. The said transaction charges will be paid to the distributors of the Mutual Fund products. Transaction charge of V 100/. New Fund Offer (NFO) Expenses shall be borne by the AMC / the Trustee Company. The total expenses of the scheme including the expenses of the underlying scheme shall be capped at 1.010 0.for subscription of V 10.hdfcfund. FEES AND EXPENSES This section outlines the expenses that will be charged to the Scheme and also about the transaction charges to be borne by the investors.com. TRANSACTION CHARGES SEBI with the intent to enable investment by people with small saving potential and to increase reach of Mutual Fund products in urban areas and in smaller towns. These expenses include Investment Management and Advisory Fee charged by the AMC.125 First Time Mutual Fund Investor Transaction charge of V 150/.000/.e. transaction charges in case of investments through SIP shall be deducted only if the total commitment (i. The current expense ratios will be updated on the Mutual Fund website on www. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the Scheme. The figures in the table above are estimates and are subject to change as per actual expenses incurred subject to maximum limits prescribed under the SEBI (MF) Regulations. Marketing and selling Expenses including Agents Commission and Statutory Advertisement and Brokerage & Transaction Cost pertaining to the distribution of units Cost Related to investor communications Cost of fund transfer from location to location Other expenses which are directly attributable to the Scheme (including service tax). dividend/ redemption cheques/warrants etc.IV.and above.a.000/. (i) Transaction Charges for Lumpsum Purchases and SIP Investments received through distributor/agent Investor Type Transaction Charges 0.

No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment Under the Scheme. The Redemption Price however. Similarly. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment Particulars (as a % HDFC Gold Fund of Applicable NAV) Exit/Redemption In respect of each SIP instalment: Load an Exit Load of 2% is payable if Units are redeemed / switched-out within 6 months from the date of allotment. 2009. provided that the difference between the Redemption price and Sale price at any point in time shall not exceed the permitted limit as prescribed by SEBI from time to time which is presently 7% calculated on the Sale Price. no entry load will be charged by the Scheme to the investor. transaction other than purchases/ subscriptions relating to new inflows such as Switch/ STP/SWAP/DTP etc. (iii) No transaction charges will be deducted for any purchase/subscription made directly with the Fund (i. SEBI/IMD/CIR No. Exit load up to 1% of the redemption value charged to the Unit holder by the Mutual Fund on redemption of Units shall be retained by the Scheme in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. which is paid by the investor to subscribe to the Units or to redeem the Units from the scheme. an Exit Load of 1% is payable if Units are redeemed / switchedout after 6 months but within 1 year from the date of allotment. an Exit Load of 1% is payable if Units are redeemed / switchedout after 6 months but within 1 year from the date of allotment. Load amounts are variable and are subject to change from time to time.4/ 168230/09 dated June 30. Exit Load of the Transferee Scheme (i. not through any distributor/agent).e. will not be lower than 93% of the NAV. HDFC Gold Fund): In respect of each investment through STP/ Flex STP: an Exit Load of 2% is payable if Units are redeemed / switched-out within 6 months from the date of allotment. and the Sale Price will not be higher than 107% of the NAV.hdfcfund. the B) SIP/Micro SIP/Group Systematic Investment Plan (GSIP): Particulars (as a % HDFC Gold Fund of Applicable NAV) Entry/Sales Load Not Applicable 45 .e. 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. For the current applicable structure. Any amount in excess of 1% of the redemption value charged to the Unit holder as exit load shall be credited to the Scheme immediately. Exit / Redemption Load: Exit load up to 1% of the redemption value charged to the Unit holder by the Mutual Fund on redemption of Units shall be retained by the Scheme in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses.com) or may call at (1800 233 6767) or your distributor. Entry/Sales Load: Not Applicable Pursuant to SEBI circular no. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. after payment of Exit Load.e.(ii) Transaction charges shall not be deducted for : purchases /subscriptions for an amount less than V 10. . AMC shall not charge any load on issue of bonus Units and Units allotted on reinvestment of dividend for existing as well as prospective investors. Any imposition or enhancement of Exit Load shall be applicable on prospective investments only. Details of Load Structure (During NFO Period and Ongoing basis) A) Other than SIP/ STP: Particulars (as a % of Applicable NAV) Entry/Sales Load Exit/Redemption Load HDFC Gold Fund Not Applicable In respect of each purchase / switch-in of unitsan Exit Load of 2% is payable if Units are redeemed / switched-out within 6 months from the date of allotment. please refer to the website of the AMC (www. However.000/-. The Load may also be changed from time to time and in the case of an Exit / Redemption Load this may be linked to the period of holding. the Trustee / AMC reserves the right to modify / change the Load structure if it so deems fit in the interest of smooth and efficient functioning of the Mutual Fund. D. and subscribing to the Units of the Transferee Scheme at Applicable NAV. The AMC reserves the right to introduce / modify the Load structure depending upon the circumstances prevailing at that time subject to maximum limits as prescribed under the SEBI (MF) Regulations. LOAD STRUCTURE Load is an amount. no entry load will be charged with respect to applications for registrations under Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP)/ HDFC FLEXINDEX Plan accepted by the Mutual Fund under the Scheme. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment C) STP / Flex STP : Load Structure for investment through STP : Exit Load of the Transferor Scheme (i. Any amount in excess of 1% of the redemption value charged to the Unit holder as exit load shall be credited to the Scheme immediately. At the time of changing the exit load structure. an Exit Load of 1% is payable if Units are redeemed / switched-out after 6 months but within 1 year from the date of allotment. if any. any Scheme offering STP facility) : The amount transferred under the STP from the Transferor Scheme to the Transferee Scheme shall be effected by redeeming Units of Transferor Scheme at Applicable NAV.

1997 had been set aside by the Securities Appellate Tribunal (SAT). Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel are a party. FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY 1. Therefore. the procedure for waiver of load for direct applications is no longer applicable. None 2. 2005 the Hon’ble Supreme Court of India was pleased to admit the said SLP . Nilesh Kapadia will jointly deposit R 238. At the time of changing the load structure the AMC / Mutual Fund may adopt the following procedure: (i) The addendum detailing the changes will be attached to Scheme Information Document and Key Information Memorandum and displayed on our website www. WAIVER OF LOAD FOR DIRECT APPLICATIONS Pursuant to SEBI circular no. selling or dealing in securities. PENALTIES. if any. Dealer (Equities) and Key Employee of HDFC Asset Management Company Limited from buying. V. Any deficiency in the systems and operations of the (ii) Arrangements will be made to display the changes / modifications in the Scheme Information Document in the form of a notice in all the Investor Service Centres and distributors / brokers office.e. (iv) A public notice shall be given in respect of such changes in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated.4/168230/09 dated June 30. In case of Indian Sponsor(s). against Sponsor(s) and / or the AMC and / or the Board of Trustees / Trustee Company. 2009 no entry load shall be charged for all mutual fund schemes. or for violation of securities law. till further orders. for irregularities or for violations in the financial services sector. The penalty levied by SEBI on HDFC for delay in intimating the acquisition of shares of Hindustan Oil Exploration Company Limited. Details of all enforcement actions (including the details of violation. Also. three years or pending with any financial regulatory body or governmental authority. to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel (especially the fund managers) of the AMC and Trustee Company were/ are a party. 1992 and Rules and Regulations framed there under including debarment and/ or suspension and/ or cancellation and/ or imposition of monetary penalty/adjudication/enquiry proceedings. E. if any. 3. top 10 monetary penalties of foreign Sponsor(s) during the last three years. SEBI states in its order that Mr. 1992 has prohibited Mr. details of all monetary penalties imposed and / or action taken during the last 46 . SEBI filed an appeal before the Hon’ble High Court at Mumbai.40211 lakhs. RIGHTS OF UNITHOLDERS Please refer to ‘Statement of Additional Information (‘SAI’)’ for details. arrived at with the aforesaid authorities during the last three years shall also be disclosed. it has been directed that HDFC Asset Management Company Limited and Mr. AMC shall not charge any load on issue of bonus units and units allotted on reinvestment of dividend for existing as well as prospective investors. None 5.mutual funds may consider the following measures to avoid complaints from investors about investment in the scheme without knowing the loads: Any imposition or enhancement of Exit Load in the load shall be applicable on prospective invesments only. or for defaults with respect to share holders or debenture holders and depositors. WTM/KMA/IVD/267/06/ 2010 dated June 17. Details of settlement. 11(4) and 11B of the SEBI Act. or being associated with any intermediary or entity registered with SEBI. The matter is now pending before the Hon’ble Supreme Court of India. Nilesh Kapadia. The addendum will be circulated to all the distributors / brokers so that the same can be attached to all Scheme Information Document and Key Information Memorandum already in stock. Nilesh Kapadia has violated Regulations 3(a) to 3(d) and Regulation 4(1) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations. In the said order. At a hearing held on April 21. (iii) The introduction of the Load along with the details will be stamped in the acknowledgement slip issued to the investors on submission of the application form and will also be disclosed in the Account Statement or in the covering letter issued to the Unit holders after the introduction of such Load. or for economic offences. VI. pursuant to which the Hon’ble Supreme Court of India was pleased to issue notice to SEBI in the matter.hdfcfund. in compliance with the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 4. 2010. SEBI/IMD/CIR No. if any) taken by SEBI in the last three years and/ or pending with SEBI for the violation of SEBI Act. Aggrieved by the impugned order passed by the Hon’ble High Court. com. under Section 19 read with Sections 11(1). pursuant to which the Hon’ble High Court set aside the said order and remanded the matter to SAT for fresh hearing and review. estimated loss with the Trustees i. HDFC Trustee Company Limited. Penalties and action(s) taken against foreign Sponsor(s) limited to the jurisdiction of the country where the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out and where the headquarters of the Sponsor(s) is situated. However. SEBI by its ad interim order no. Aggrieved by the order passed by SAT. 2003. PENDING LITIGATION OR PROCEEDINGS. HDFC filed a Special Leave Petition (SLP) before the Hon’ble Supreme Court of India.

Sponsor(s) and/ or the AMC and/ or the Board of Trustees/ Trustee Company which SEBI has specifically advised to be disclosed in the SID. None Notes: 1. The Scheme under this Scheme Information Document was approved by the Trustee vide Circular Resolution passed on March 15. the provisions of the SEBI (Mutual Funds) Regulations. Notwithstanding anything contained in this Scheme Information Document. 2011. For and on behalf of the Board of Directors of HDFC Asset Management Company Limited MILIND BARVE Managing Director Place : Mumbai Date : September 12. Any amendments / replacement / re-enactment of SEBI (MF) Regulations subsequent to the date of the Scheme Information Document shall prevail over those specified in this Scheme Information Document. or notified by any other regulatory agency. 47 . 1996 and the guidelines thereunder shall be applicable. 4. 2011 3. 2. The Trustee has ensured that HDFC Gold Fund approved by Trustee is a new product offered by HDFC Mutual Fund and is not a minor modification of the existing Scheme / Fund / Product.

108. B-20. F13. Near Chennupati Petrol Pump.I. Church Road.380 006. Mumbai Samachar Marg. 10. Urban Bank Road. Annanda Chowk. Nehru Ground.7-1-257. 126 Siddheshwar Peth. 10 / 688.18. 2nd Floor. • KARNATAKA : Trade Centre. Mangal Bhawan. 1st Floor. Off C G Road. P. Sector 14. B/H Sardar Gunj. 1st Floor. Amaravati . B. Raja Reddy Street. 81. Tirupati Tower.756 001.14. Near Choksi Bazar Kaman. Opp. Kanpur . Kochupilamoodu Junction.415 002.F -56. Arayidathupalam. 2. Belgaum . Mysore . Rourkela . 1st Floor. Thane (W) . • KERALA : Door No. Gurgaon . Gandhi Nagar Main Road. Om Vihar Complex. Hanamkonda. Gokhale Road. Sargam Apartment.577 002. Phase-II. Near 2nd Railway gate. 2nd Floor.689 101.751 001. Naupada. Opp. Jammu . 221/2A/1B. C-23. Mangalore . G. 206. • KARNATAKA : 1st Floor. Opp. Ltd. Besides Bharathi Junior College. Railway Station Road. ‘B’ Block. 1st Chopasani Road. S&S Computers. 103-Harekrishna Complex. 1st Floor. 45. 1st Floor. A Wing. 29/97G.H. Kollam . I Floor. Everest Building.C-Scheme. Ground Floor.600 034.425 001. Rao & Ratnam Complex. • RAJASTHAN: G-III. Main Road. No. Beside HDFC Bank. Opp. 1st Floor. Above Indian Bank. Bhubaneswar .141 002. Station Road. 101. Alkapuri.: KMC IX / 1331 A. • PUNJAB : Deepak Towers. Jamshedpur . Athwalines. Ruturang Bungalow. M. Bangalore . Nasik .Behind Shabari.444 001. P.122 001.C. 3rd Floor. Opp.474 011. Guwahati . Panaji.517 501. Ellis Bridge. Rajkot . 145 Lendra Park. Office No. Kundagol Complex. Ittoop’s Imperial Trade Center. Office No. 3rd Lane . Behind ICICI Bank. Kannur .121 001. Nanak Nagar. No.342 003. 1st Floor. Juna Bazar. Station Road. (New Complex. Road.411 004. 3rd Floor. Near G. 1st Floor. Karnataka Bank.416 001. Visakhapatnam . Near Boys Town School. Bye Lane No 1. Bokaro Steel City. Bus Stand. Hazaribagh . 9/756. Hotel Palm Grove. Near Traffic Lights. 1st Floor. 14/435. Yudhisthir Marg . Thiruvalla . Noida . Shastri Maidan. Shop No: 8. . Goa . D.575 003. Ground Floor. Ground Floor.500 003. Guntur .524 001. Caster Town. Shukrawar Peth. No. Erandawane. 40-1-68. Road.831 001. Link Road. S.760 001. Nirmiti Eminence. Road (North). Devendra Nagar. Bank of Baroda. 1st Floor. Near Gundala Gate. Fort. Zone II.768 001. 3rd Floor. Alankar Complex. Vijayawada . Near Leela Mahal Circle. Public Garden. Tilakwadi. Vadodara . 17.482 001. • PONDICHERRY : S-8. • BIHAR: G-3. Urmila Towers.522 002. Jawaharlal Nehru Street. Char Rasta. Building No. Chimnabai Road. Office 207 . 1st Floor. 52. Waghawadi. Junagadh . Rajabahadur Compound. Central Tower.O: Model Town. • WEST BENGAL : Lords Building.393002.396 001. Opp. Civil Lines. 1st Floor.125 001. Bhavnagar . 1st Floor. Opp. 2nd Floor. R. S. SCO . New Delhi . ANDHRA PRADESH : 208.403 601.396 195. These ISCs will be in addition to the existing points of acceptance at the offices of HDFC Limited / HDFC Asset Management Company Ltd.518 004. Ganesh Petrol Pump. R. M. Near Indian Overseas Bank.16. Khichariya Complex. Shri Lok Complex. Navipeth.Road. Ananthapur . Old.201 301. Shop No.506 001.171 001. VIII / 411. Ground Floor.530 016. Ranchi . P. RLT Science College. New Market.33-1. ‘C’ Block 48 . Gita Nivas. Bus Stand Road. No. Kharvel Nagar.403 001.686 001. Room No. Panipat . (CAMS). Near Lily Garments. Global Apartment.444 601. Lucknow . Manek Centre. Valsad . 43/8. 8. Sen Road.388 001.. Kottayam . Warangal . Power House Road.583 101. Head Post Office. Mankammathota. No. Near Gutti Nursing Home. City Centre Sector 4. 3rd Floor. Near Valia Char Rasta. Kailash Complex.C. M. 1st Floor. • MAHARASHTRA : Opp. Tirumala Bye Pass Road. Boligala Complex. These ISCs of CAMS will be the official points of acceptance of transactions for schemes of HDFC Mutual Fund except Liquid Schemes/ Plans viz.362 001. Hazratganj. Kozhikode . Pallavi Towers. First Floor. 1st Floor. Tirupathi . S. No. 5. Shimla . Durga Asthan. Opp. Gulf Air Building. Mumbai .422 005. Complex. R.533 001. 2nd Floor. Opp. Kadapa . 1st Floor. Road. 44 Sri Sathya Complex. T. Jade Arcade.400 602. C. HDFC Bank. 2 B. Upstairs. Shalimar Corporate Centre. Behind Anupam Sweet House. Coimbatore . Cantonment Road.688 001. Kochi . 4. • ASSAM : Old Post Office Lane. F-4. Shimoga . Bellary . Opp. Parvati Nagar Main Road. P. Thekkummoottil.360 311. • MAHARASHTRA : Ground Floor. 124 . G 4 & 5. 205. Near Pagoda Resort. C C N B Road. Office No. Pakhowal Road. Faridabad . Sansarak. Anand . 305-306. Krishna Complex. Opp. Old Colony. Aurangabad . NIT. Nellore . Inland Monarch. Gola Road. Kadri. Sterling Point. • UTTAR PRADESH: 106 . Behind Commercial Automobiles. 1st Floor.B. S. Opp. Patna . Phase II. 100. Dhanbad .440 010. 1st floor.210. Ahmedabad . Prakasam District. Kodambakkam High Road. Station Square. Kurnool . M. Muzaffarpur . Sarabha Nagar Pulli. • BIHAR : Krishna. Alleppey . Jalan Road. 5/1. 117 / A / 3 / 22. Shop No .Premium Plan and Premium Plus Plan and HDFC Cash Management Fund . Munjal Complex. 7-27-4. Off R. 1st Floor. Yamuna Nagar . Trivandrum .691 001. 7th Main. • MADHYA PRADESH: Plot No. BPC Road. Mansukhlal Tower. Above Weekender. Vapi . Road. 178/10. R-7. • TAMIL NADU : 66. Kadri Main Road. Kolkata . Labbipet. Opposite Income Tax Office. Pattom. 20-21 ( Ground Floor ). Unit 3. Near Pangal High School.413 001. 1st Floor. HDFC Liquid Fund.812 002. Dwaraka Nagar. 101. 204 .700 071. 2-C / 2-D. Ankleshwar .827 004. Malayala Manorama. Mettupalayam Street. Green Park.361 001. 1st Floor. Opp.Town High School. Sector .505 001. • ORISSA : B. Mala Math. Satara .753 001.395 001.673 016.CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (FOR NFO PERIOD AND ONGOING TRANSACTIONS) A. • GUJARAT: 402-406. Nirmal Tower. G. 103 Aries Complex. 3rd Floor. Subhadra Complex. List of Investor Service Centres (ISCs) of Computer Age Management Services Pvt. Allahabad Bank.Devpath Building. Model Town.( 08592) 322707/08D. Marg.. Chungom. Pondicherry .14.Mavoor Road.26. Near Vasant Talkies. GIDC. Near Ravi Sankar Hotel. Rajahmundry . Paradise Circle. Ludhiana . (Investor Service Centres for HDFC Mutual Fund) ANDHRA PRADESH : 15-570-33. 1/5. • KERALA : Building No.Savings Plan & Call Plan. 1. Shop no. Ranganayakulapet Road. • JAMMU & KASHIMIR : JRDS Heights. Next to Nathwani Chambers. Davangere . Nalanda Chambers. Rice Bazar (East). • GUJARAT : No.208 001. “B” Wing. • GOA: No.495 001. 215-216. • JHARKHAND : Mazzanine Floor. Barakhamba Road.107 108. Door No.462 011. Immadisetty Towers. S-4 Ground Floor.842 001.490 020. Centre Court. LIC Building. Baruvari Street. 63/2. Heena Arcade. Palakkad .132 103. Wing-A.825 301. Lokmanya Street (West).560 042. Flat No 109. Circle Chowk. Opp. Kolhapur . • MADHYA PRADESH : G-6.826 001. 1st Floor.682 035. (CAMS).302 001. Municipal Bldg. # 13. Opp. Santhapet. P. Office No. Bandi Subbaramaiah Complex. Registrar & Transfer Agents of HDFC Mutual Fund.400 023. Dr.134 003. Dikensen Road (Next to Manipal Centre). Solapur . Cross Junction. 18A. SP Verma Road. Behind Ashok Nagar Police Station. Akola .670 004. Dhiraj Sons. Panchayat Bhawan Main Gate. Mehandale Garage Road. (Investor Service Centres for HDFC Mutual Fund).B / R. Off# 4. Behind Lal Bungalow. Rohtak . 7/1.110 001. H. 2nd Floor. Municipal Market. Mehsana .516 001. Ground Floor. 1st Floor. Beside Seventh Day Hospital. Hotel Prince Station Road. 1st Floor. Gondal .G. • HARYANA : Opposite PEER. Bokaro . Kalyani Tower. 1st Floor. 111. G. 70. • CHHATTISGARH : 209. Cuttack .Near RBI Building. Akkamahadevi Samaj Complex. Varaha Complex Building. • ORISSA : Plot No. Devi Lal Shopping Complex.370 001. Jaipur . Jodhpur . Lashkar Bazaar. Registrar & Transfer Agents of HDFC Mutual Fund. Sreedevi Residency. Chennai .124 001. List of Transaction Points of Computer Age Management Services Pvt.580 029. Amodi Complex.800 001. Ambala City . Red Square Market. Bal Bhawan Road. Karimnagar . Opp. Park Saroj. Balasore .431 001. • HIMACHAL PRADESH : 1st Floor. Park Road. M. Omkar Complex. Ground Floor. South Tukoganj. Bldg No.641 002. B-49. Vaccine Depot Road. Navasari .111. Sector -16. Off No. II Floor. Behind Big Bazar. 5-38-44. . Upstairs S. Kuvempu Road. Hotel Ashoke. Dinesh Vasani & Associates. Adam Bazar. 5th Cross (Above Trishakthi Medicals) Saraswati Puram. Kailash Vihar City Centre.769 001. T. 47/ 9 / 17.590 006. New Ramdaspeth. Opp. Brahman Toil.205.492 004. Opp. Sector 1. Rehabari. Room No.577 201. CH.678 001. Uppini Arcade.793 001.City Centre. Nagar. Near Panchsheel. Brodipet.3. Gwalior . 2. Opp.695 004. Lord Sinha Road.680 001. • MEGHALAYA : LDB Building. Godavari Colony. 8-B. Nagpur . Gulsham Tower. Club Road. Kakinada . Jalgaon . Bhopal . • GOA : Virginkar Chambers. 4th Floor . Door No: 3/1718. 30. 1st Floor.533 101.515 001. Jabalpur . Old Bus Stand. Plot No-629. Near Hanuman Temple. Bank More. Near Mahadev Cinema. Opp. Surat . Nungambakkam. IInd Phase. Indore . No. Bhilai . Dutt Road. SCO 154-155. Thrissur . Halar Cross Lane. Berhampur . P J Extension. Indian Coffee House).O. Court. Nethravathi. Abhishek Hotel. 18-8-41B.390 007. BVSS Mayuri Complex. Off College Road. Bhuj . Kanchenjunga Building. Napier Town. Pune .781 008.396 445.180 004. Opp.605 001. Opp ABN AMRO Bank. Opp. Raipur . S. 64/5871 – D. The Mall. Hisar . These Transaction Points will be in addition to the existing points of acceptance at the offices of HDFC Limited / HDFC Asset Management Company Ltd. 6.384 002.226 001. N. Near Metro Station. Room No. Prince Market.520 010. Upstairs of Aroon Printers.452 001 • NEW DELHI : 304-305.D. Bistupur. No. Near Kamat Milan Hotel. Jamnagar . • PUNJAB : SCO . Datt Towers. Delhi Road.364 002. No. HDFC Liquid Fund . • JHARKAND : Millennium Tower. III Floor. Shillong . HB Road No. Hubli . 217/218. Lane Opp.135 001. H. Ayodhya Towers. Near ICICI Bank.360 001. Puram. Ltd. N R Peta. 49. 12. Chandigarh -160 017. R.18J. Nagar. Sambalpur . Beach Road. Near Nehru Nagar SQ. Deoghar . Casa Marina Shopping Centre. Limda Chowk.570 009.814 112. Above IDBI Bank. G. Opp. Sector 17-C. Secunderabad . Gurudutta Bldg. Tel. 83. Bilaspur . Bhagalpur . Near VLC. Margao .834 001. Road. A P Towers. Talap.

• GOA : Office No. Kovai Road. Ground Floor. Adelade Apartment. Old Connaught Place. 15. Opposite Eves Cinema. 1st Floor. Near GPO. M G Road. Kumaran Road. Jailani Complex. Near LIC.281 001. P C Chatterjee Market Complex. Shimla Pahari Chowk. G T Road. Near Basaveshwar Circle. (Near Railway Station). Advisor Chowmuhani (Ground Floor). 1st Floor.638 001.62. Opp. Erode . Work Shop Road. Opp. Thottapalayam. Sanjay Place.N.1. New No. Latur . Durgapur . Shivam Plaza. 2. Shrotri Hospital. Shop No. Chennai . These LTPs of CAMS will be the official points of acceptance of transactions for schemes of HDFC Mutual Fund except purchase transactions of Liquid Schemes / Plans viz. Vodafone Store.4 . Opp. New Market Complex.B. Agraharam Street. No. Lajpat Nagar. D-78 First Floor.m. 1st Floor. Scheme No. Second Floor. Railway Feeder Road. Binny Compound. Super Market.243 001. Vikas Bazar. Opp. DU 8. Tamil Sangam Road. Shahjahanpur . Anand Nagar Complex.: 62 & 63. Strachey Road. Near Railway Station Crossing. Pal Complex. 2nd Floor. Kasturba Road.A. Bank of India Building.425 201. New Durga Bazar. Vivekanand Street. Katni . Opp. Saheed Park.363 035. Opp. 19. 248. Eluru . 182/6.284 001. Angod.261 001. B R Marbles. Bagalkot . Ravi Kiran Complex. Opp. City Plaza Building. Additionally. Unjha . Bhagwanganj. Ramghat Road. Basti . Near Church. 10/11. Cantonment. D. Hapur Road. Manipal . C.R Avenue. Opp. Road.283 203. Maldhaiya. Sagar . Kestopur.516 360. Room No. P. No. Thillainagar. Hakim Plaza. HDFC Liquid Fund . 86/71-A.Vallabh Nagar. J. Pidamaneri Road. Solan . ANDHRA PRADESH : Door No. Agra Gate. Tiruppur . Hotel Krish Residency. Moradabad . Faizabad . Laheriasarai. C 27/249 . Ram Bagh. Central Town. B-612 ‘Sudhakar’. Mapusa .585 101. Near Tower Garden.626 117.221 002. Bhusawal . Balajinagar. Gwalior Road. II Floor. 13 . Hathi Gate. Gorakhpur . Sonepat . • PUNJAB : Near Archies Gallery. Opp. Veraval . Jabalpur Road. • RAJASTHAN : AMC No. Behind Gulshan-E-Iran Hotel. Sultanpur .628 008.470 002.711 106. Gondia .141 401. Haldwani . Surendranagar . Near Mukharji Garden. 159 / 160. Near Indoor Stadium. Swamiji Sarani. SM Pally. • HIMACHAL PRADESH: 1st Floor.416 416. IInd Floor.414 001. Near Old Court. Khammam . Opp. Wardha . Namakkal . • TAMILNADU : Ground Floor. Jalandhar . PP Tower. 108. Shop No. Adjoining TATA Indicom Office. Stand. AA 101. Raman Cycle Industries.392 001. and 3 p. J.147 001. A&B. Shivhare Niketan. 1st Floor. Eagle Book Centre Complex. Deesa Road. 12/178 Behind Congress Committee Office. Near Railway Crossing. Vypari Dharm Shala. Opposite of Talk of the Town. 35. Vasco da Gama . 1st Floor. Patiala .I. Palayamkottai Road. 49 . Shop No. 3. Old Govt. • BIHAR : Shahi Complex. Ahmednagar .631 501. Bargawan.485 001. Office. NH 7. Porbandar . City Centre.1 . Kohinoor Complex. 302. Rangoli Complex. Durgachak Post Office. Highway Road.C. • MADHYA PRADESH : Office No. Grain Merchants Association Building.224 001. No. Malda . Hansi Gate. Chittorgarh . Sitapur .G. Sirsa . Hospital Road. 6.312 001 • TAMIL NADU : 16A/63A. Durga City Centre. HDFC Liquid Fund.846 001. Jaunpur-222 001.534 002. 148. 1st Floor.311 001 F 4. 1st Floor.480 001. Opp. No. Adjacent to Idea Show Room. Near RB Memorial hospital. Agartala . 8. Firozabad . Modern Market.140 001. 313. Ground Floor. Gagananchal Shopping Complex. 3. Door No.576 104.636 016. Haldia .7. Kolhapur District . Tinsukia .384 170. 2nd Floor. Amritsar . H. Besides Ramakrishna Ply Wood.1/50. 38.713 101. GT Road. Civil Lines. 36 (Basement). Tilakwadi. Rae Bareli . Trichy . Income Tax Office.600 097. 8. Complex. Near Zilla Parishad. 1st Floor. Near Pachayappas High School.313 004. No. Near Kamdar Petrol Pump.518 501. 4 .M. Ghaziabad . • TRIPURA : Krishnanagar. C. Arya Nagar.431 605. 367/8. Dhule .247 667.13.202 001. Ramachandra Rao Peta. Registrar & Transfer Agents of HDFC Mutual Fund. • WEST BENGAL : Block .713 216. II Floor. Above Bicholim Urban Co-op Bank Ltd. Tanjore .627 001.413 531. Near Bangalore Bakery. 2.173 212. D.424 001. Hosur . First Floor. 2nd Floor. Skylark Ground Floor. A . • MAHARASHTRA : 203-A.759 122. 1st Floor.273 001.335 001. Karnal . Shop No 3.400 069.143 001. Ichalkaranji. 158. Near Arya Kanya School.721 301. Dr.441 601. Palakonda Road. Moga . V. Seth Vimal Chand Jain Market. Jhansi .201 002.229 001. F-62. O. 10. 2 M I Park. City Enclave. 32. 1. Shop Nos. Amardeep Talkies Road. Block . 8 / 239. Court Road. Opp Bata Showroom. 59A/1. S. Ward No. 1st Floor. Lohanan Mahajan Wadi. Nachane Road. Srikakulam .700 012. P. Near Mehta Colony. Asansol . Trade Centre. Sheshaiyer Complex. Upper Ground Floor. Kharagpur .The Mall. Jamia Shopping Complex. • ASSAM : Sanairan Lohia Road.387 001. Salem . Dharmapuri . Ist Floor. Allahabad . Angul .334 001. SBI Credit Branch. Udaipur . Opp.457 001. • RAJASTHAN: 187 Rana Sanga Market. Bharuch . Sangli .503 002. 156A / 1.324 007. Thuraipakkam. (mobilized on behalf of their clients) with whom HDFC Asset Management Company Limited (AMC) has entered or may enter into specific arrangements for purchase / sale / switch of units. Hotel Suruchi. 1 (1).54. 1. 113/6 I Floor. Dutta Road. 123. Srinivasa Theatre.282 002.CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (contd. Darbhanga . Behind Techoclean Clinic. Vellore .142 001. 256 .403 507. Tuticorin . • UTTAR PRADESH : Office No. 34/1/76.635 109.) Ranjit Avenue. Konjetti Apartment. Near Baburao Petrol Bunk. Pathankot .507 001. Ground Floor. Kalyani . will be the official point of acceptance for electronic transactions received from specified banks. Purba Medinipur District. Ushagram. Shri Ram Market. (CAMS). secured internet sites operated by CAMS will also be official point of acceptance. Malancha Main Road. Ropar . Kota . City Bus Stop.416 115. Roorkee . Near Commerce College. Near Pant Stadium.636 701.: 23 B . Office No.A. Ground Floor. Anna Salai. Wyra Road. Jain Nagar. Andheri (E). Yavatmal . Near S. Starting Point. 1st Floor. Navyug Market. Mathura . Aligarh . Near Old District Hospital.305 001.456 010. Besides Vishal Mega Mart. Basement of Axis Bank.625 001.. Road.734 001. Office No.403 802. Andhra Bank Lane. Sreeramula Peta.125 055. 1112. Chhindwara . Mutt Street. Hoshiarpur .385 001. Pushpam. Shop No. Nadiad . Opposite Pandey School.263 139. Prafulla Kanan. Agra . Siliguri . 5. Door No. 29/11. 63. Jyotindra Industries Compound.242 001. 8. Opposite T B Hospital. Shop No. 47. Vallal Pachayappan Street. 1793 / A.445 001 • ORISSA: Similipada. 18 L Block. Ltd. Business Point. Radhakrishna Vasahat. 70. • UTTARAKHAND : • UTTARANCHAL : 204/121. 1st Floor. I Floor.Premium Plan and Premium Plus Plan and HDFC Cash Management Fund Savings Plan & Call Plan. Bikaner .211 001. Rambandhu Talab. JaIna .639 002. Benta. Ground Floor.360 575. Opp.6. Alwar .620 018. 3. Pillaiyar Koil Street. Station Road.442 001. Diwan Niketan. 8. 423/30. 1. 126 GVP Towers.713 303.. TNEB Office. Opp. Bharat Nagar. Near Amber Hotel. Shop No. Guptha’s Paradise Ongole . Gulbarga . Trichy Road. 30/2. 7. Gandhidham 370 201. Shivaji Putla Road. Khanna . 17. Arya Nagar. Suvidha Complex.523 001. Besides Hotel Pankaj. 1st Floor. Ward No. Near ICICI Bank. Dhangu Road. Shrinagar. Butler Plaza Commercial Complex. Ujjain . Ajmer . Ground Floor. Anand Plaza Complex. 5. 2nd Street.532 001. Nainital Road.600 002.244 001. • UTTAR PRADESH : No.799 001.415 639. Brahampuri.587 101. Mahesh Unnai Hospital. to District Registrar Office. Ground Floor. Gurudwara Diwan Asthan. Azad Road. 1st Floor. Srinivasa Complex. Station Road.613 009. Birla Road. Mutha Chambers. Shop No.A. Karur . Raj Mohd. Civil Lines. Above YO Bikes.483 501.301 001. 1st Floor. Ist Floor. • HARYANA : 24-25. Chowk Bank Road. Satta Bazar. Fort Road. Opp. 37. 64. Mumbai . Wadhwan City. Opp.131 001.431 203.637 001. Station Road. Ratnagiri .700 101. No. Indraparshta Tower. Nanded .146 001. Registrar & Transfer Agents to HDFC Mutual Fund having its office at Rayala Tower. Srinivasa Nagar. Bhiwani . Royakotta Road. High Road. Opp. No. Near Vinayak Party Plot. 967. Kunjapura Road.: 52. Bothra Complex.145 001.422 402. 2nd Floor. Gali No.641 601. Krishna Nagar. Somani Automoblies. Ratlam .m. Bhatinda .73.721 602. Madurai . Opposite UCO Bank. 1st Floor. Market Yard Road. Near Jetpura Gate.127 021. 171-E. Daxhinapan Abasan. Fatehpura Circle. Jail Road. Sreeparna Appartment. New Lal Bagh Colony. Vivekanand Nagar Colony. Varanasi . Burdwan . First Floor. Chennai . Saharanpur 247 001. TP No.132 001. Meerut . • UTTARAKHAND: 22 Civil Lines.T. Harikrupa Towers. 1-A/25. • GUJARAT : F-108. Rajapalayam . Siddhi Vinanyaka Trade Centre. Dr. Triangle Part . Sri Ganganagar . Kanchipuram .144 001. Guru Amar Dass Market. Bhilwara . Salkia. Shri Talkies Road. 3rd Floor. Cross Road. Old Court Road. Christian Mohala.151 001. only. Opp Lane of Hotel Kalinga. CF-8. Saraswathi Type Institute. Howrah . No. List of Limited Transaction Points (LTPs) of Computer Age Management Services Pvt. Lakshmi Vilas Building. 209 .383 001. Pushpak Plaza. Civil Lines Station. Nandyal . D. Near Scholar’s School.272 002. 399. # 5-6-208. Nanakumbhnath Road. D. Above Mustafa Décor. Mano Prema Complex.786 125. Saraswathi Nagar. Philips Complex. New Fairland. Hakimpara. Babu Lal Karkhana Compound. Kolkata .Near Sanki Rest house. Krishna Complex. H. West Main Street.741 235. No.213.Old Mahabalipuram Road. 1st Floor. Nizamabad . “Dwarakamayee”. Dehradun . Near Kamgar Kalyan Kendra & B. Above Sharma General Store. Kumar Nursing Home.2 31/3.250 002. Ground Floor. Zail Singh Nagar. Maruti Tower. Old Vasant Talkies. Proddatur . These LTPs will accept transaction / service requests from Monday to Friday between 12 p. Kumbakonam . Bareilly . Abani Dutta Road.632 004.732 101. SCF 17. Tirunelveli . 2907 GH. • KARNATAKA: No. Bijlipura. Maruti Complex. B-33 ‘Kalyan Bhawan’. Opp. Next to Kumatagi Motors. Gurjeet Market. Palanpur . Shyam Ki Sabji Mandi. Main Road. Above Dr.. Chandrapur . City Mall.248 001. Near Natya Theatre. 8th Cross West Extn.228 001 • WEST BENGAL : 2nd Floor. Shop No: 11 . Satna .612 001. Kolkata . 18. Parasia Road. Himmatnagar . Chidambaram Nagar Main. No.362 265. Ahinsapuri. Syndicate Circle. 2nd floor. 1st Floor. Nari Shilp Mandir Marg. A. financial institutions. Okkiyam. CAMS AS THE OFFICIAL POINT OF ACCEPTANCE FOR ELECTRONIC TRANSACTIONS : CAMS. Jaipur Road. etc. Shop No. Plaza.22A.

Ranjeet Tower. HDFC Asset Management Company Limited** Shop # 7.: (0361)-2464758. Sykes Extension. Adjoining Gurudawara. Daulatnagar.400 020. Tel: (011) 6632 4000. M. G. : 0832 .3988029.398222. 1st Floor.: (0491) 2548 302 / 6452 185 / 186 / 188. KARNATAKA : HDFC AMC Limited. Cotton Hill Road. 5. Tel: (0771) 4020 167 / 168. Bistupur.3988029.12A. Mezzanine Floor. 2nd Floor. Nirala Bazar. S. HDFC AMC Limited. Irla Bridge. Fax : (0832) 2736477. Tel. First Floor.678 001. Fax : 0832 . 1st Floor. S1. 2nd Floor. Centurion Bank Complex. Visakhapatnam . 1st Floor. Court Circle.6621110 / 20.: (0471) 3983738. HDFC AMC Limited. Jolly Plaza.800 001. C. 4830 / B. Tel: 0612 2230540/3201439. Atlantic Tower. R. Maruti Sharanam. M. Fax : 080 . New Delhi . Fax: (0240) .6624883. 2301756.425 002.HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED) – INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND (FOR NFO PERIOD AND ONGOING TRANSACTIONS) ANDHRA PRADESH : HDFC AMC Limited.4058890. M1. City Mall.2 & 3 and First Floor. KMC. Rajesh Building. Road. Ground Floor. R B Mehta Road. 8. Opposite YMCA. 1st Floor. Tel No. Bhopal . No: (0866)-3988029.: (0891) 2738728. 1175 B Royal 1. Tel No: (08192) 250 240 / 241 / 242. Keshav Complex. Shiv Darshan. BIHAR : HDFC AMC Limited. Ganpati Enclave. 2nd Floor.S. Sai Nagar Road. College Road. Raja peth Police Station. HDFC AMC Limited. 1st Floor. Mithakhali Six Roads. Ambala Cantt -133 001 Tel: (0171) 2631995/6 Fax: (0171) 2631994. GOA : HDFC AMC Limited. JAMMU & KASHMIR : HDFC AMC Limited. Tel No.132 103. Samarth Nagar. Warangal . Tel: (0495) . Fax: (0495) . RTO Circle. Tel No. Rajkot . Ground Floor. HDFC AMC Limited.686 001.2200747. HDFC AMC Limited. Tel: (0832) 2253 460 / 461. Tel: (0497) 645 0489 / 276 2044 / 2045 Fax: (0497) 2762046. First Floor. Vipul Agora. Indore . Fax : (0288) .691 001. HDFC AMC Limited. HDFC AMC Limited.: (0761) . 0824 – 4285337 / 33. Cinema cum Commercial Complex. Gwalior . 60 ft Road. Chawla Complex. Sampige Road. Bhavnagar . Dutt Road.2. “K Road”. Gurgaon . Fax: (022) 26241131. Zone-II.T Road. 1. Thrissur . Gokulesh. Prakashdeep Building. Plot # 8 & 73. Gayatri Enclave. Panipat . C/o Hera Enclave (Adjacent to Sahara Unique Showroom). Nagar. HDFC Asset Management Company Limited**.673 001. Bhagalpur . Vazhuthacaud. 50 . Ishwari Complex.400 020. M. 3982310. Mapusa .388 001. G. Ranchi. Jabalpur . : (0877) 2222 871 / 872 / 873 / 874. Fax No: (0641) 2300391. Tel : (0288) . Fax : 0484 .403 802.V. HDFC AMC Limited**. HDFC AMC Limited. Sector 15A. Mezzanine Floor. Devendra Nagar. Maximus Commercial Complex. Renuka Commercial Complex. G3 & G4.812 002. Tel No: (02832) 223 223.4068814 HDFC Asset Management Company Limited. Fax : 022 – 66580200. Road. Sudarshan Tower. Opposite Bellary Gas Agency. Churchgate. HDFC AMC Limited. Telefax: 0612 .51125255. 1st Floor. G. 99 & 100. Salcete. Dr. Near Indhira Gandhi Square.O. Belgaum . Off. Abhilasha Building. Panaji .* Ramon House. Ground Floor. Opp. Besides GRUH House. Tel : (0278) .390 007. HDFC AMC Limited. Edcon Centre. Mumbai .C. Fax: (08392) 276580. Fax No. G.680 005. Fax : (0278) . Patel Society Road. HDFC AMC Limited. Fax: (011) 23351317 /18. Near Andamukkam Bus Stand. Tirumala Bypass Road. G. : 0261 – 2460082 / 83. : 0281.110 001. Fax No. Fax: (022) 32719222. Fax No: (0491) 2548303.: (0471) 3983 730 / 731 / 732 Fax No. HDFC AMC Limited. Coimbatore Road. Surat .695 014. Nakkala Gutta. Upper Ground Floor. Ground Floor. 2nd Floor. 1st Floor.403 001. Tel No: (0481) 2309 759 / 760 / 761. 1st Floor.: 0731 . Fax : 0261 .380 009. Plaza.444 601.577 002. 1st Floor. No. Near Vanijya Bhawan. Third Floor.482 002. Trivandrum . 122. Fax: (0487) 2441976. 3988029 Fax No. Tel. Fax No: (02832) 251. Civil Medical College.416 008. E-Town Shopping. Shrimant Madhav Rao Scindia Marg. Near Railway Station. Angod. 3. Tel : (02692) . MADHYA PRADESH : HDFC AMC Limited. Kollam .670 004. Vapi . Above Axis Bank.2425614. Punjabi Lane.Road. No.: (0821) 4000 530 Fax No: (0821) 4000 535. Fax : 0755 .6624881 / 82. State Highway. Tel: (02762) 302000.400 058. Megha House. Premises No.: (0326) 2300552. Tel No: (0641) 2300 390. Gulbarga . Mumbai . Opp. Road.2426730 / 2435791. Fax : (0264) 2227206. Opp. Wright Town. Gandhi Circle. Tel : (0264) 2227205. South Block. Fax : 0824 – 4285336. UG-II. Fax No: (0836) 4252 290 HDFC AMC Limited. Bangalore . T. 1st Floor. Tel No: (0124) 2560 450 . Ground Floor. Beach Road. Fax : (0231) . Second Floor. : 079 – 40050055 / 66. Tel No. Fax No: (0481) 3018397.4245436. Mormugao. Fax: (02762) 302020. Fax No. Opp. Shop No. 114. Fax No. 6450306 / 9685 / 7584. HDFC AMC Limited. Opposite Daxinamurty School. 946 HDFC AMC Limited. MG Road. # 493. 7.560 003. Main Road. No. Fax No: (0474) 2752073. 3243058 / 59. Pereira Chambers. Tel No: (0721) 2562 112 / 113 Fax No: (0721) 2564115 HDFC AMC Limited. Calicut . Mysore .: (0129) 2221340.66580211. 2425610. Ground Floor. Tel No. Near Koyili Hospital. 5.570 009. 1st Floor.4022241 / 42. Sapphire Building. Tel: (0487) 2441976.4099222 / 333. Shop No.15 / 3. : 0755 4285385. Nicholson Road. Kottayam . Sri Krishna Complex.: (0891) 2769636. Tel No. C1/C9. : 0484 . 6-3-883/7. Behind Ravipuram Bus Stop. Cross Road # 1. KERALA : HDFC AMC Limited. Revankar Comforts. Bellary .392 012. Tel No. 1st Floor. Tel No: (0260) 3983900.121 001. First Floor. Fax: (0180) 3985403. # 63. Siripuram. Gandhi Nagar. Aurangabad . Near Benz Circle.54 Fax : (0124) 2560455 HDFC AMC Limited. 1st Floor. Sreeleathers Showroom. 2nd Floor. Down Town Complex. 2nd Floor. Jivottam. TA . Race Course Road. Anantapura Cross Road.400 092 Tel: (022) 32157268 / 342. Fax. Upper Ground Floor. City Centre. 169. HDFC AMC Limited. Nageshwar Wadi Road. HDFC AMC Limited. 18-2-299/B. Fax : 022 . Tel No. Kannur . 3988029 Fax No. Super Market. Sofia Complex.: (0257) 3982100/ 01. Omkareshwar Road. Hyderabad . Krishna Building. Jalgaon . Borivali (W). Vardhan Complex.: (0361)-2464759/60. Fax : (0257) 3982114. Malleshwaram. Tirupati . 6.3988029.1C. 1st Floor. Athwa Gate. Athwa Gate Police Station. HDFC AMC Limited. Backbay Reclamation. Tel No.462 011.530 003. Fax No. Vasco . 2-5-83/84 1st Floor. Waghawadi Road. Tel. Tel.U3.826 001. Palghat . Kaniamparambil Arcade. HDFC AMC Limited. Raja Peth. 1st Floor. Premises 102. Dhanbad. Rajendra Prasad Road. Ground Floor . Vijayawada-520 010. Dinsha Vachha Road. Tel: (08392) 276576. Fax: (0832) 2253465. Tel.3982068. HDFC Asset Management Company Limited.4049800. Tel. Tel : (0231) .580 029. Waltair Main Road.40050506.: (0751) . G S Junction.431 001. : 022 – 66316333. Bank More. HDFC AMC Limited.364 001. Dr. Fax : (02692) . 190/3. Mumbai .: 040 .361 001. Saraswathipuram.682 016. HDFC AMC Limited. Jamshedpur . H. Crown Plaza. Ground Floor. HDFC AMC Limited. Hanmakonda. HDFC AMC Limited. HDFC AMC Limited. Mathura Road.66205300. Kolhapur . : 080 . Ambedkar Road. HDFC Asset Management Company Limited. Mumbai .370 001.583 103.3984039. Saphire Square. 5th Block. Tolstoy Marg. Rajendra Estate. Residency Road. HDFC Asset Management Company Limited. New Dak Bunglow Road. Fax: (0870) 2566010. 2nd Floor. No. HDFC AMC Limited.: (0751) . Tel No: (0832) 2513 402 / 406. 2nd Floor. Opposite Dhanvantry.590 002.117. Fax : 040 -23417407. Opposite Nandbhumi Party Plot. Alakhnanda Towers. Bahu Plaza.384 002. First Floor. 3rd Floor. Mehsana . 1 & 2. Backbay Reclamation. HDFC AMC Limited. Behind Susheela Building. 2nd Main. 1st Floor. 3rd Floor.3982060. 2nd Floor. # 145. DELHI : HDFC AMC Limited.403 601. Leela Mahal Circle. ASSAM : HDFC AMC Limited. Kasak Circle. Anand . Shastri Road.474 001. HDFC AMC Limited. Tel: (08472) 399910 Fax: (08472) 271041.: 0657 . : 022 60006767.1039. Faridabad . HDFC Asset Management Company Limited Second Floor.2357707 / 8. Saigopal Arcade.517 507. HDFC AMC Limited. U1 . Vivekanand Road. No. Prestige Towers. S. 1st Floor. Guwahati-781 007. Amar Arcade . 138. Davangere . Minguel Miranda Road.560 034. Hall No-102 A/2. 2nd Floor. HDFC AMC Limited. E .. Telefax.: (0761) . Bardez. Raipur . Rajarampuri Road. Tel.585 101. Amravati .: (0651) 6003358. Andheri (W). Connaught Place. Tel: (0240) . Fax No: (0832) 2513448. Tel No: (0474) 2752 070 / 071/ 072 / 074. P.6621150.492 001. 15-18. Shreemangalam Complex. HDFC AMC Limited. Tel. P N Marg. IInd Floor. GUJARAT : HDFC AMC Limited. First Floor. Muthye Udyog Bhawan. No. Upper Ground Floor.360 001.396 191. Anand-Vidhyanagar Road. Ground Floor. Fax : (0260) 3983908 HARYANA : HDFC AMC Limited 1St Floor. Education Department. No. Tel No. Tel: (0870) 2566 005 / 006/ 007 / 008/ 009. Fax No: (0831) 4206919. Bangalore . HDFC AMC Limited.122 002. Kannur Road. Radha Krishnan Road. HDFC AMC Limited.398200. Chala-Vapi Road. Above IDBI Bank. East Fort. Tel. Mistry Bhavan. Ahmedabad . Margao . Fax No: (08192) 250243. Mangalore . Mitralaxmi Narayana Arcade. Kantharaj Urs Road. 1st Floor. Main Road. 5-B.: (022) 32157352 / 34. 3rd Floor.395 001.: (0191)-2477911/12/13 / (0191) 2474297/98/99. Pradhan Towers. Dr. HDFC AMC Limited. Jammu . Gangotri Plaza. 4th Cross.: 0731 . HDFC Asset Management Company Limited. Thycaud P. 2nd Floor.3988029. Opp. Tel. 3rd Floor. Opp.831 001. Opp. HDFC Asset Management Company Limited. Padre Jose Vaz Road.Ward. Abade Faria Road. Tel. Tel No: (0831) 4206 915 / 916 / 918. Kochi . CHHATTISGARH : Ground Floor. Churchgate. HDFC AMC Limited.3982803 MAHARASHTRA : HDFC AMC Limited. Fax : 0265 . Sterling Arcade. Tel No.3982426. Light House Hill Road. Tel. Abhishek Building. HDFC AMC Limited.180 012. Vadodara .452 001. 14/868. HDFC AMC Limited. P. CH 51 / 1 B.403 507.500 282. Bharuch . Jamnagar .560 025. Katira Complex. Kavya Ratnavali Chowk.2358462. Road.2460091. Jagnath. Plot Corner. Parekh Marg.2425609.: (0651) 3242077. M2 & M3. Tel No. Royal Prestige. Premises. Bhuj . JHARKHAND : HDFC AMC Limited. : 0265 . Telephone Exchange. HDFC AMC Limited. 2918. Tel. Bangalore . Patel Mansion. Fax No. Tel : (0832) 2737410 / 11.: (0836) 4252 294 / 95. 4246995.4066060.: (0877) 2222689. : (0124) 2221 338 / 339 / 341 / 342 / 343. A-3. Tel. Patna . First Floor. Tel: (0180) 3985400/ 01. Hubli . Fax : 079 . B Wing. Fax : 0281 . Ward No. Opposite Mothi Talkies.23417401 / 02 / 03 / 04 / 05. 1. Somajiguda.: (0326) 3205352.V.834 001. Tel.506 002. 6 & 7.575 001. Koramangala. Bhadra Tower. Goa. Tel.3982330. Tel.

Tirunelveli . 11. Sree Velayudham Complex.605 005.: 0253 . MS Towers.. Telefax : (0452) . Menaka Estate. First Floor.721 305. Bhatinda . Rambandhutala. Civil Lines. Tel. Panposh Road. Ranihat. D-64/127. Durgapur . Sri Jagannath Complex. Tel. HDFC AMC Limited.244 001. 60. Tel No. 109. 2624497 Telfax: 0172 . 36 & 37. Haridwar .768 001. 1st Floor.758 035. 143/145/1.39880299.: (0661) . No: (0551) 6060011/2/3HDFC AMC Limited. TAMIL NADU : HDFC AMC Limited.248 001. Tel: (0431) 3982830. 3 Red Cross Place.713 216. 454/3.T. 76. Kingsway. Tel: (022) 65253409/08/06/21.6450502/1502. Chandigarh . HDFC AMC Limited.151 001.625 001.400 077. HDFC AMC Limited. Fax : 0291 . Fax : 020 . SEBI / IMD / CIR No. Fax: 0422 . Fax No: (0121) 2602380. HDFC Asset Management Company Limited**.201 010. Tel. Tel: 0712 . HDFC AMC Limited.66073301. Udaipur . Fax: (0183) 3982599. City Plaza. 96. Raj Nagar District Centre.1 & G-2. Landmark Building. 3rd Floor. Tel No: 09238106515 / 09238106525.Premium Plan and Premium Plus Plan and HDFC Cash Management Fund . Fax: (0164) 5191283. 2423. Nadar Building.5101927. Near RTO. HDFC AMC Limited. 2374968. 1st Floor. 1st Floor.753 001. : 0141 . 1. Near Malhar Cinema. Tel. Tel No: (0663) 2400 323 / 339. Tel: (0341) 2221220.). Tel No: (0121) 2602 380 / 2601 964 / 965. Fax: (0431) 3982835 HDFC AMC Limited Premises No. Sri Krishna Arcade. Daulat Bagh.2331487. Ajmer . Mumbai . Dehradun . GT Road. Fax No: (0571) 2740772. Tel. Tennur High Road. Nashik . Ram Complex. K-24/25. I Floor. HDFC AMC Limited. Ranjit Avenue. Tel: (0135) 3988029/ 7434. Pune . Fax: (020) 41223310. Chetana Apartment. HDFC AMC Limited.400 602. Chopasni Road. 1st Floor. Natesan Nagar. code of conduct prescribed by SEBI for Intermediaries of Mutual Fund will be considered as Official Points of Acceptance (OPA) of the Mutual Fund. Road. HDFC AMC Limited.11/183204/2009 dated November 13. Fax: (0135) 3987444. No.600 002. Opp. HDFC Asset Management Company Limited.6611831 / 32. Gorakhpur -273 001.342 003.250 005. HDFC AMC Limited. Fax No. Kolkata . AMFI /NISM certification. 69/101. Tel. Barbil .302 001. 1st Floor. 3A. Ground Floor. Rajiv Gandhi Bhavan. HDFC AMC Limited. Fax : 0674 .: 0253 . Municipal No.17. Tel: (0120) 301 0635 Fax: (0120) 3010636. Fax: (0181) 3982966.2623397. City Centre. District Shopping Complex.Savings Plan & Call Plan. Fax: (0294) 3982000. 1st Floor.211 001. Sambalpur . 2200163. Tel. Ground Floor. 5101937. 4th Floor. 1st Floor. Anna Salai.22427849 / 53 / 56 / 59. HDFC AMC Limited. Feroze Gandhi Market.600 004. 2690 (P).627 002. Sevoke Road. HDFC AMC Limited. UGF Hall No. Tel. Shankar Point. First Floor Door No. Pune . Nainital Road.400 050. Agarwal Arcade. Rourkela . 2nd Floor. Fax: (0343) 3982153. Tel: (0183) 3988028 / 2570. Parsvnath Plaza-II. Siliguri . Pearl Plaza. # For Processing only Redemption Request of Units Held in Demat Form.305 001. 21/22.43979797 / 43979716. 1st Floor. Fax: ( 0462) 2576173. Tel: (022) . Chennai . Above Corporation Bank. broadly covering all entities other than resident / non resident individuals. Ganeshkhind Road.751 001. The eligible AMFI certified stock exchange Brokers/Clearing Members/Depository Participants who have complied with the conditions stipulated in SEBI Circular No. Aligarh .Thiyagarjapuram Officer’s Line Officer’s Line. Sector 35-B. Fax : 033 . Tel. Raj Nagar.4.221 010. Fax No. Nagpur . Kharagpur . Fax: (0341) 2221219.226 001. Sharanpur Road.. 106-110. Chandracharya Chowk. 127 C/3 East Veli Street. 51 .3013839. Tel: (0181) 3988029 / 970. Bhubaneswar . Tel No: (03222) 227 627 / 657. HDFC AMC Limited.) Ghatkopar (East). HDFC AMC Limited. Tel: (0251) 2860 648 / 649 / 645 / 656 Fax: (0251) 2863953. WEST BENGAL : HDFC AMC Limited. Asansol . No1 Bhimsena Garden Street. Chandracharya Chowk. Moradabad . HDFC AMC Limited. Mylapore. Tel: (0145) 3099000.: (0120) 3980610. : 020 . Gokhale Road.769 004.421 201. First floor. Trichy . Sector 30. No. First Floor. Ludhiana . Anant Kuti (Bibikar Bldg. 1st Floor. Noida . HDFC AMC Limited. 1st Floor.641 018. Tel. Janpath. Tel: 0416-2214672. ITC Centre. 9935147068. Lucknow . Shriram Shyam Towers. Tel: 0422 . No. Bhotia Parao. 2009 for stock brokers viz. : 033 .632 001. HDFC AMC Limited. Tennur.636 009. Fax: (0581) 2510709. Tel. HDFC AMC Limited. Bareilly .3013838. K. 146 Civil Lines. Tel: (022) 26434 760 / 762 / 763 / 764. Allahabad . HDFC Asset Management Company Limited. Madurai .201 301. Vinayak. HDFC AMC Limited.3982060/70. Plot No. Hyundai Motors Showroom. 1st floor. Near NIT Building. Golbazar. Fax: (022) 67124177. Bandra (West). HDFC AMC Limited. Institutional Investors are free to lodge their applications at any other official points of acceptance also. Premises No. Tel: (0343) 3982150.B.73. Adjacent to Sekhon Grand Hotel. University Circle. HDFC Liquid Fund . Gulab Singh Bhavan. 1st Floor.Omm Bhawan. 1st Floor. : 0291 . Sigra. Fax No: (0663) 2400324.2331484-87. Tel: (0562) 3984761-73. Sri Balaji Arcade. Marris Road. HDFC AMC Limited.313 001. Bajrakabati Road. Fax : 0712 . HDFC AMC Limited. Fax No. Behind SBI Main.141 001.160 022. Sadar. Gupta Complex. Salem .263 139.66073310. Tel. 4 Shahnajaf Road.. HDFC AMC Ltd.2774321 / 5014321. UTTARAKHAND : HDFC AMC Limited. Varanasi . Tower Compound. Thane (West) . Civil Lines. SCO 122. St. Ground Floor. Tel No. Kumar Complex.5111126. 4th Floor. B2. 2nd Floor. : 044 . 2nd Floor. : 0522 -2207591. Fax No. Fax: (044) 30913082. 1st Floor. Opposite Lok Kalamandal. Jalandhar City . HDFC AMC Limited. Opposite Hari . HDFC Liquid Fund.5111125. Mumbai . HDFC AMC Limited. 1st Floor. Ground Floor. Fax: (022) 26434768. Tel No. Rajdeep CHS.: (0353) 2545270.249407 Tel No: (01334) 222406/7 Fax No: (01334) 222410 UTTAR PRADESH : HDFC AMC Limited. 1st Floor. Delhi Road.6453474. this is an official point of acceptance for acceptance of all on-going transactions from Institutional Investors only. Gitanjali Complex. Trench Colony.713 303.202 001.: (0661) -3982068. HDFC AMC Limited. HDFC AMC Limited. Fax : (0427) 2333617. Durga City Centre.Opp. 2743 970 / 971.: (0353) . Taneja Towers. 136 Hill Road. 1st Floor. 4 Sardar Patel Marg. Praful Tower. Jodhpur .: (0591) 3988029 / 3982131. Trivandrum Road. Peters Church. Royapettah High Road.3988029. 9/4. A Wing. Tel. **Official points of acceptance of transactions for schemes of HDFC Mutual Fund except purchase transactions of Liquid Schemes / Plans viz. Bank Road. 2nd Floor. ORISSA : HDFC AMC Limited.6611836. Fax: (022) 25116805.: (0462) 2576174.4. Ganpati Plaza.HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED) – INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND (contd. HDFC AMC Limited. Tel No: (0571) 2740 770 / 771 / 772 / 773. Fax No: (03222) 227683.620 017. i. Namdev Chowk. Tel: (044) 30913060. HDFC AMC Limited. Fax No. Gowardhan Plaza.28415855. Tel: (0294) 3988029. : 0512 . 1371A.: (0591) 3982137. Tel. 25.243 001. 6. Dombivli (East). Fax: (0413) 2206776.: (0164) 5001982. SCO 375-376. Haldwani . 1st Floor.2230408. Gaziabad . Amritsar-143 001. Tel: (022) 67124172/73/74/75/76.734 001. G. HDFC Asset Management Company Limited**. Corner Building.2531483. 1st Floor. Opp to Alagar Jewellery. Opp. Kumar Complex. HDFC AMC Limited. Tel. O. HDFC AMC Limited. Opp. D-2. Shop No. *This is not an Investor Service Centre for HDFC Mutual Fund. Tel: (0671) 2323724/ 725.440 001. Near Indhira Gandhi Square.C.411 001. City Mall. Vashi . Trichy Road. Magal Pandey Nagar. 760. However. : 0674 . PONDICHERRY : HDFC AMC Limited.3988029. Rajpur Road.: (0120) 3988029.4391714. Above ING Vysya Bank. Tel No: (05946) 285286 Fax No: (05946) 285290.: 0161 . Tel No. 83 . No. HDFC AMC Limited. HDFC AMC Limited**.400 703. Pondicherry . Ground Floor. Laxmibai Marg. Coimbatore . Pune Camp. Complex. Vellore. Fax : 0141 .411 007. Arena Complex. Meyanoor Main Road. Fax : 0522 . Nayapara. Mumbai .700 001. SCO-28. 2nd Floor. Kadambari Complex. Fax: (0562) 3984777. 101. Fax No: (06767) 277565. RAJASTHAN : HDFC AMC Limited. : 9935177068. Fax : 0512 . Muncipal Corporation Bldg. Plot No. Inda.282 002. “Suyojit Heights”. Chatterjee Plaza.D. Cuttack . 3/260-A. Meerut .: (020) 41223301/02. Liberty Chowk. Fax : 044 . Fax No: (0532) 2561035. Agra. : 0172 . HDFC AMC Limited**. HDFC Asset Management Company Limited. 73/19. Kanpur . Chennai . Unit . “Moondhra Bhavan”. Tel: (0413) 3043 293 / 500 / 600. Fax : 0161 . Tech Building. 3-Ajmer Road. East Street. Fax: (0145) 3099001. AMFI CERTIFIED STOCK EXCHANGE BROKERS/ CLEARING MEMBERS /DEPOSITORY PARTICIPANTS# AS OFFICIAL POINTS OF ACCEPTANCE FOR TRANSACTIONS (PURCHASE/ REDEMPTION) OF UNITS OF HDFC MUTUAL FUND SCHEMES THROUGH THE STOCK EXCHANGE(S) INFRASTRUCTURE.144 001. HDFC AMC Limited.422 002. First Floor. Tel: (0581) 2510 749 / 759. Unit No.Tel : (0427) 3982680/700. PUNJAB : HDFC AMC Limited. Tel. A. Sector-18.6630206. 142/7.208 001. Near Circuit House Chouraha. Arihant Complex. Ground Floor.22439582.e. Haridwar . Fax: (0671) 2324741. Manpada Road. Opposite Vashi railway station. Sanjay Place. Tel No: (0532) 2561 035/036/038/041/042/043. Palayamkottai. 16/80 D.5105919.4391861/62/63.249407 Tel No: (01334) 222406/7 Fax No: (01334) 222410.6630301/02/04. 2nd Floor. No. Jaipur . G T Road. BSE 1. 4th Floor.

169. Parekh Marg.HDFC ASSET MANAGEMENT COMPANY LIMITED A Joint Venture with Standard Life Investments Limited Registered Office : Ramon House. 1800 233 6767 Fax : 022-22821144 e-mail for Investors: cliser@hdfcfund.com website : www.T.com e-mail for Distributors: broser@hdfcfund. 3rd Floor.: 022-66316333 Toll Free no. Backbay Reclamation.hdfcfund.com graphics alok . Churchgate. Mumbai 400 020 Tel. H.

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