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

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. etc. Moreover. Asset Class Risk: The returns from physical Gold in which HGETF invests may underperform returns from the securities or other asset classes. The allotment and/or redemption of Units through NSE and/or BSE or any other recognised stock exchange(s). Further. Operational Risks: Gold Exchange Traded Funds (GETFs) are relatively new products and their value could decrease if unanticipated operational or trading problems arise. HGETF would ordinarily repurchase Units in Creation Unit Size. Passive Investments: HGETF is not actively managed. Market Trading Risks Although units of HGETF are listed on the Exchange. trading in units of HGETF is subject to trading halts caused by extraordinary market volatility and pursuant to the Exchange and SEBI . 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. 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. 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. order processing/settlement. Access to HGETF’s gold could also be restricted by natural events or human actions. transactions conducted through the stock exchange mechanism shall be governed by the operating guidelines and directives issued by respective recognised stock exchange(s). HGETF landed value of gold is computed by multiplying international market price by US dollar value. market movements. inflation trends. The performance of HGETF may be affected by a general price decline in the Gold prices. 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. there are adequate numbers of players (commercial or bullion bankers) to whom HGETF can sell gold. which may lead to counter party risks for the scheme for trading and settlement. 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. In the event that the price of gold declines. 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. to limit redemptions (including suspending redemptions) under certain circumstances. In view of the above. indirect taxes like customs duty. would also be considered. the Trustee has the right. The AMC does not attempt to take defensive positions in declining markets. upon which the Fund has no control. collection of application form. any change in the rates of indirect taxation would affect the valuation of HGETF. Physical Gold would be lent if permitted by the concerned regulatory authorities in India. Hence. may limit the total number of Units. The value of gold or NAV. on the right to freely retain or dispose of units being offered’. 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. on any Business Day will depend upon the modalities of processing viz. Thus Unit holding less than Creation Unit Size can only be sold through the secondary market on the Exchange. damaged or stolen. as described on Page 24 under ‘Right to Limit Redemptions’ in Section ‘Restrictions. etc. Though. the price received upon the redemption of Units of HGETF may be less than the value of the gold represented by them. exchange rates. Any of these actions may have adverse impact on the operations of HGETF and consequently on investment in Units of HGETF. inter alia. HGETF invests in the physical Gold regardless of their investment merit. during the period physical gold is lent. 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.and keeping in view of the unforeseen circumstances / unusual market conditions. In addition. VAT. there can be no assurance that an active secondary market will be developed or be maintained. etc. HGETF may have to buy or sell gold from the open market. Counter party Risk: There is no Exchange for physical gold in India. 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. therefore will depend upon the conversion value of US dollar into Indian rupee and attracts all the risks attached to such conversion. HDFC Gold Exchange Traded Fund. Redemption Risk: Though this is an open-ended scheme. the value of investment in Units of HGETF is expected to decline proportionately. The factors that may effect the price of gold. trading in units of HGETF is not advisable. Also the risk could be in the form of non-availability of ready physical gold for sale. include economic and political developments. Currency Risk: The formula for determining NAV of the Units of HGETF is based on the imported (landed) value of gold. Any changes in the regulations relating to import and export of gold or gold jewellery (including customs duty. In addition. is therefore subject to operational risks. Indirect taxation: For the valuation of gold by HGETF. if any. in its sole discretion. This along with a simultaneous fall in value of collateral would render potential loss to HGETF. Liquidity Risk: HGETF has to sell gold only to bullion bankers/traders who are authorized to buy gold. changes in interest rates and perceived trends in bullion prices. an open ended Exchange Traded Fund. Physical gold: There is a risk that part or all of HGETF’s gold could be lost. investors should be aware that there is no assurance that gold will maintain its long-term value in terms of purchasing power.

be restricted by trading volumes and settlement periods. 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. their prices are influenced only by movement in interest rates in the financial system. Government and Money Market securities. settlement periods and transfer procedures may restrict the liquidity of the investments made by the Scheme. at times. are inherently illiquid in nature and carry a larger amount of liquidity risk. The AMC may choose to invest in zero coupon securities that offer attractive yields. will be affected by changes in the general level of interest rates. Further even among corporate bonds. As the liquidity of the investments made by the Scheme could. which can be redeemed on any Business Day. The units of HGETF may trade above or below their NAV. This may increase the risk of the portfolio. Risk factors associated with investing in Fixed Income Securities The Net Asset Value (NAV) of the Scheme. the prices increase. 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. While securities that are listed on the stock exchange carry lower liquidity risk. considering the overall level of risk of the portfolio. lack a well developed secondary market. to the extent invested in Debt. The NAV of the Units of the Scheme can go up or down because of various factors that affect the capital markets in general. 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. may limit the total number of units. Securities. these securities are more sensitive to changes in interest rates. This may increase the risk of the portfolio. which are not quoted on the stock exchanges. Government securities where a fixed return is offered run price-risk like any other fixed income security. due to the forces and factors affecting the capital market. in general interest of the Unit holders of HGETF and keeping in view of the unforeseen circumstances/ unusual market conditions. 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. HGETF may provide for the creation and redemption of units in Creation Unit Size directly with the Fund and therefore. which are AA rated. leading to an asset-liability mismatch and therefore. 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. However. At times.‘circuit filter’ rules. are comparatively less risky than bonds. 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. 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. Money market securities. which may restrict the selling ability of the Scheme and may lead to the Scheme incurring losses till the security is finally sold. The NAV of HGETF will fluctuate with changes in the market value of scheme’s holdings. 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. Generally. it is expected that large discounts or premiums to the NAV of the units of HGETF will not sustain due to arbitrage opportunity available. the Scheme risk may increase or decrease depending upon its investment pattern. the price of units of HGETF will be adversely affected. in comparison to securities that are listed on the exchanges or offer other exit options to the investor. Therefore. bonds.g. The Trustee. 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. This may increase the absolute level of risk of the portfolio. It exists for all fixed income securities. when interest rates rise. 7 . Conversion of underlying physical gold into the units of HGETF may attract capital gain tax depending on acquisition cost and holding period. The Scheme at times may receive large number of redemption requests. corporate bonds carry a higher level of risk than Government securities. 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. central banks and related institutions. invest in lower rated / unrated securities offering higher yields as well as zero coupon securities that offer attractive yields. Government Securities are unique in the sense that their credit risk generally remains zero. the interest rate risk of zero coupon securities is higher. including a put option. 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. Therefore. 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. own a significant portion of the aggregate world gold holdings. Trading volumes. which are AAA rated. while fairly liquid. If one or more of these institutions decides to sell in amounts large enough to cause a decline in world gold prices. The AMC may choose to invest in unlisted securities that offer attractive yields. as per the investment pattern indicated under normal circumstances. prices of fixed income securities fall and when interest rates drop. Scheme’s performance may differ from the benchmark index to the extent of the investments held in the debt/ money market segment. The AMC may. The price-risk is not unique to Government Securities. Governments. Accordingly. days to maturity and the increase or decrease in the level of interest rates. e. The extent of fall or rise in the prices is a function of the existing coupon. As zero coupon securities do not provide periodic interest payments to the holder of the security.

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. If there is a breach of the 25% limit by any investor over the quarter. 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. except where otherwise stated. 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. 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. 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. as specified by SEBI. 8 . the AMC believes that any transaction is suspicious in nature as regards money laundering.B. AMC. verify and maintain the record of identify and address(es) of investors. Neither this Scheme Information Document nor the Units have been registered in any jurisdiction. 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. Statements in this Scheme Information Document are. etc. Any dispute arising out of the Scheme shall be subject to the exclusive jurisdiction of the Courts in India. 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. if any. In terms of the Prevention of Money Laundering Act. Investors should study this Scheme Information Document carefully in its entirety before investing. the Scheme complies with these two conditions. whichever is earlier. The Investors may take note that the Scheme may in future be registered/ recognized in any other applicable jurisdiction. their directors or their employees shall not be liable for any of the tax consequences that may arise. AMC. 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. tax. tax. Mutual Fund. Mutual Fund. the AMC shall have absolute discretion to report such suspicious transactions to FIU-IND and / or to freeze the folios of the investor(s). As is the case with any investment. IF ANY The Trustee. In addition. If after due diligence. based on the law. taxation. 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. failure to provide required documentation. by the Trustee/ AMC as and when it desires. However. 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. In the event of substantial investment by the Sponsors and their associates in the Scheme of the Mutual Fund. 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. before making a decision to invest / redeem Units. all intermediaries. Investors are advised to consult their legal. in the event that the Scheme is wound up for the reasons and in the manner provided in ‘Statement of Additional Information (‘SAI’)’. 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. The two conditions mentioned above shall also be complied within each subsequent calendar quarter thereafter. Investors should study this Scheme Information Document carefully in its entirety and should not construe the contents hereof as advise relating to legal. including Mutual Funds. The distribution of this Scheme Information Document in certain jurisdictions may be restricted or totally prohibited to registration requirements and accordingly. The Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard. 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. and are subject to changes therein. The Trustee. Further. on an average basis. 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). In view of the individual nature of tax consequences. 2002. 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. their directors or their employees shall not be liable for any such tax consequences that may arise. financial or other considerations of subscribing to or redeeming Units. each Unit holder is advised to consult his / her own professional tax advisor. have to formulate and implement a client identification programme. information. SPECIAL CONSIDERATIONS. 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. 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. In case the Scheme does not have a minimum of 20 investors in the stipulated period. practice currently in force in India. C. the Rules issued there under and the guidelines/circulars issued by SEBI regarding the Anti Money Laundering (AML Laws). investment or any other matters. 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. if such limit is breached during the NFO of the Scheme.

‘Depository Participant’ means a person registered as such under subsection (1A) of section 12 of the Securities and Exchange Board of India Act. The periodicity of the interest reset could be daily. iv. Load on Redemption / Switch out of Units. iii. Government of India. monthly. The interest on the instruments could also be in the nature of fixed basis points over the benchmark gilt yields. registered with SEBI under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations. corporates or PSUs with interest rates that are reset periodically. A day on which the banks in Mumbai and / RBI are closed for business /clearing. A day other than: i. as amended or re-enacted from time to time. vi. based on the time of the Business Day on which the application is accepted. 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. Mumbai. which may be close to the NAV of the Scheme.30 a. incorporated under the provisions of the Companies Act. floods.m. Foreign Institutional Investor. A day on which Sale / Redemption / Switching of Units is suspended by the AMC. A day on which the National Stock Exchange of India Limited is closed. switch. strikes or such other events as the AMC may specify from time to time. v. etc. systematic withdrawal plan. ii. to 5. systematic transfer plan and bonus transactions. 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. bandhs. The NAV applicable for purchase or redemption or switching. 1992. purchase. 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. Consolidated Account Statement is a statement containing details relating to all the transactions across all schemes of all mutual funds viz. dividend payout.m. These funds predominantly invests in physical gold of predefined quantity and purity as announced by AMC(s)/ Mutual Fund(s) from time to time. 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. HDFC Gold Exchange Traded Fund is an open ended Exchange Traded Fund. 1995. systematic investment plan. on any Business Day or such other time as may be applicable from time to time. offered by HDFC Mutual Fund whose Units are presently listed on Bombay Stock Exchange Limtied (BSE) and National Stock Exchange of India Limited (NSE). redemption. which for the time being is HDFC Bank Limited. annually or any other periodicity that may be mutually agreed with the issuer and the Fund. Depository as defined in the Depositories Act. A day which is a public and /or bank holiday at a Investor Service Centre where the application is received. as amended from time to time. Saturday and Sunday. 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. “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. DEFINITIONS In this Scheme Information Document. Floating rate debt instruments are debt securities issued by Central and / or State Government. 1944. A day on which normal business cannot be transacted due to storms.D. 1996 (22 of 1996) Load on Sale / Switch in of Units. A mutual fund scheme that invest primarily in other schemes of the same mutual fund or other mutual funds. Gold Exchange Traded Fund/GETF means a fund whose Units are listed on an Exchange and can be bought/sold at prices. quarterly. “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 . half-yearly. dividend reinvestment.30 p. the following words and expressions shall have the meaning specified herein. Presently 9.

In the case of Redemption / Switch-out of a Unit. Net Asset Value per Unit of the Option(s) offered under the Scheme. as amended from time to time. 2000 entered into between HDFC Trustee Company Limited and HDFC Asset Management Company Limited. Government securities having an unexpired maturity upto one year. currently acting as registrar to the Scheme. This document issued by HDFC Mutual Fund. established under the Securities and Exchange Board of India Act. 1992. Places. Purchase of Government Securities with a simultaneous agreement to sell them at a later date. established under the Reserve Bank of India Act. Redemption of Units of the Scheme as permitted. instructions or guidelines to the Mutual Fund. A citizen of any country other than Bangladesh or Pakistan. treasury bills. the sum of money deducted from the Applicable NAV on the Redemption / Switch-out and in the case of Sale / Switchin of a Unit. 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.“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 the context permits. 1882. The date on or the period during which the initial subscription of Units of the Scheme can be made subject to extension. 2011 to October 21. Sale of Government Securities with simultaneous agreement to repurchase them at a later date. offering Units of the Scheme for subscription. Limited (CAMS). 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. Chennai. Securities and Exchange Board of India (Mutual Funds) Regulations. or any other registrar appointed by the AMC from time to time. 10 . SEBI. call or notice money. Computer Age Management Services Pvt. The agreement dated June 8. 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. to comply with any requirement of the SEBI (Credit Rating Agencies) Regulations. calculated in the manner described in this Scheme Information Document or as may be prescribed by the SEBI (MF) Regulations from time to time. 1934. RBI or any other authority or agency entitled to issue or give any directions. Reserve Bank of India. if any. assigned by a credit rating agency and used by the issuer of such securities. A Non-Resident Indian or a person of Indian origin residing outside India. HDFC Mutual Fund. the Option(s) thereunder). if (a) he at any time held an Indian passport. 2011. a trust set up under the provisions of the Indian Trusts Act. GOI. Housing Development Finance Corporation Limited and Standard Life Investments Limited. Offer for purchase of Units of the Scheme during the New Fund Offer Period as described hereinafter. Rating means an opinion regarding securities. 1999. October 7. usance bills and any other like instruments as specified by the Reserve Bank of India from time to time. 1955 (57 of 1955). commercial bills. HDFC Gold Fund offered under this Scheme Information Document (including. certificate of deposit. as amended from time to time.e. Includes commercial papers. 1996. expressed in the form of standard symbols or in any other standardised manner. 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. 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. Securities and Exchange Board of India. i.

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

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

Illustration: Investment of v 10. as held in electronic form under the demat account No. Illustrative chart of benefits of investing in Gold ETF through Gold FOF Scheme: Sr. Not Standard.060 v 150 ** Expenses given are only indicative and the actual expenses incurred may vary. 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 .Advantages of investing in Gold Fund of Fund 1.Government debt. as Gold needs to be moved physically Yes. 3. 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. 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). 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.000 for one year made by the Investor in Gold ETF Scheme and Gold Fund of Funds Scheme respectively. possible Yes Only after 3 years Bank Physical (Bars / Coins) Differs from bank to bank. Likely to be more Charges are incurred Nil Locker / Safe Investor is responsible Banks do not buy back Less convenient. Enables investors to make small and regular investments through Systematic Investment Plan (SIP) route. 4.No. namely Government and Non . Neither transparent nor standard. 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. 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. 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. The investor can subscribe and redeem units on all business days directly with the fund. Likely to be more Charges are incurred High Locker / Safe Investor is responsible Conditional and uneconomical Less convenient. 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. Demat account is not mandatory as in the case of HGETF. 2. 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. Investors can invest in this Scheme through physical mode.

However. 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 .35 8. subject to permissible limits laid under SEBI (MF) Regulations: 1.8.8. 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. rated / unrated of any maturity. Though not strictly classified as Money Market Instruments. provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI (MF) Regulations. placements and right offers (including renunciation). 2. Commercial papers Commercial bills Treasury bills Government securities having an unexpired maturity upto one year. known as credit spread. 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 12.64 9. 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. with any one scheduled commercial bank including its subsidiaries. to the extent necessary to meet the liquidity requirements for honouring repurchase or redemptions. Investments in above securities will be made through secondary market purchases.AAA Rated 5 Year Corporate Bond . 3. unlisted.25 . such limit may be raised to 20% with prior approval of the Trustee. Such short-term deposits shall be held in the name of the Scheme.00 . for instruments issued by a non-Government entity (corporate / PSU bonds). The Scheme shall not park more than 10% of the net assets in short term deposit(s). Yield Range (% per annum) 6.75 .51 . The Scheme would also invest in Reverse repo and /or CBLO and / or money market instruments and/or Schemes 14 . To achieve the investment objective. the Scheme will predominantly invest in units of HDFC Gold Exchange Traded Fund. The difference. The following table gives approximate yields prevailing during the month of August 2011 on some of the instruments. Pending deployment as per investment objective. there are some other options available for short tenure investments that include MIBOR linked debentures with periodic exit options and other such instruments. The Scheme shall abide by the following guidelines for parking of funds in short term deposits: 1. the yield is higher than the yield on a Government Security with corresponding maturity. 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. 3. 9. the moneys under the Scheme may be parked in short-term deposits of Scheduled Commercial Banks.8.9.45 9. secured / unsecured. D.8.25 . 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. 7. WHERE WILL THE SCHEME INVEST? The corpus of the Scheme shall be invested predominantly in Units of HDFC Gold Exchange Traded Fund. 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. E. other public offers.10 8.47 9. The Scheme. 5.9. out of the funds allocated to invest in debt and money market securities.47 8. depends on the credit rating of the entity.close to 75% of the daily trading volume on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited.8.55 9. The Scheme shall not park funds in short-term deposit of a bank.9.9. initial public offers.AAA Rated 3 Year Corporate Bond .AAA Rated Source : Bloomberg Generally. privately placed. 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.31 . 6. which has invested in the Scheme. The Scheme shall buy/sell the HGETF units either directly with the Fund or through the secondary market on the Stock Exchange(s). 4. 6. 8. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days. Collaterlised Borrowing & Lending Obligation (CBLO) Certificate of deposit Usance bills Permitted securities under a repo / reverse repo agreement.45 8. 4. 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.19 -8.20 .45 5.22 . The proceeds collected during the NFO shall be used only on or after the closure of the NFO period. are actively traded and offer a viable investment option. In the money market. activity levels of the Government and Non-Government Debt vary from time to time. may invest in other Schemes managed by the AMC or in the Schemes of any other mutual funds. Any other like instruments as may be permitted by RBI / SEBI from time to time.65 8. 2.33 . The aforesaid limits shall not be applicable to term deposits placed as margins for trading in cash and derivatives market.

000 received on T day in the Scheme would result in the investor getting the NAV of T day as per extant guidelines. 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. The AMC Board and the Trustee shall approve the detailed parameters for such investments. The AMC will utilise ratings of recognised rating agencies as an input in the decision making process. NAV of the Scheme is dependant on closing trade price of HGETF. The fund will comply with all applicable exposure limits and take actions. the prior approval of Board of AMC and Trustee shall be sought. Based on the above analysis. Investment in debt instruments would generally be in securities that have reasonable secondary market activity. NAV so computed may vary from the price of Gold in the domestic market. 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. Since investing requires disciplined risk management. However. No. 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%. 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. over periods of time it may get neutralized. as explained below. This could result in tracking error. The details of such investments would be communicated by the AMC to the Trustee in their periodical reports. However cheques in the normal course of banking would take 2/3 days for realization. Tracking error can also be caused by late realization of cheques/demand drafts. in case any security does not fall under the parameters. The AMC will strive to achieve the investment objective by way of a judicious portfolio mix comprising of units of HGETF. The deployment will be carefully planned on the basis of the mode of acceptance of instrument with an objective to moderate tracking error. 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. The cash flow through various modes of acceptance will be analyzed on a daily basis. MFD/CIR/9/120/ 2000 dated November 24. Hence the investment can be done only on the 3rd or 4th day depending upon the timing of the credit in the Scheme account. Borrowing & Lending Obligations (CBLO) / repo market when CBLO money / repo yields are attractive relative to other money market yields. Every investment opportunity in the above securities would be assessed with regard to credit risk. 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. in section ‘Restrictions. There could be underlying price movements in HGETF between T day and T+3/4 day. the AMC would incorporate adequate safeguards for controlling risks in the portfolio construction process. considering the impact of the developments on the macro-economic front and the demand and supply of funds. Reverse repo and /or CBLO and / or money market instruments and/ or Schemes which invest predominantly in the money market securities or Liquid Schemes. To that extent the performance of scheme shall be at variance with that of the underlying scheme. Investment into units of HGETF would be on the basis of this cash flow analysis & subscription/ redemption request received. the effect of volatility in debt markets on the portfolio will be limited. No guaranteed returns are being offered under the Scheme. This permits investors to enhance their yields without compromising on the quality of the portfolio. how the parameters have been complied with. if any. 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. 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. 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. Liquidity will also be managed by investing in the Collaterilsed . To illustrate – A cheque of R 10. However. Though every endeavor will be made to achieve the objective of the Scheme.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. interest rate risk and liquidity risk. In line with SEBI Circular No. 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. Subsequent deployment into HGETF would also be based on this analysis. if any shall be taken. Effective and continuous monitoring of the Scheme shall be ensured and necessary actions. 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. the AMC/Sponsors/Trustees do not guarantee that the investment objective of the Scheme will be achieved. It would also be clearly mentioned in the reports. on the right to freely retain or dispose of units being offered’ on Page 24. 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. if required. 2000. Due to the short duration of the portfolio and the low risk product profile. 6 7 MICR PDC Interest Rate Risk An interest rate scenario analysis would be performed on an on-going basis. Please refer to “Right to Limit Redemptions” on Page 24 and “Suspension of Sale / Redemption / Switching Options of the Units”.

Not Applicable b.00 Total As per the above table almost 99% of credit is happening into our account by T+3. Investment decisions shall be recorded by the respective Fund Manager(s) along with reasons for the same.97 100. both internal and external.03 100. The deployment will be carefully planned on the basis of the mode of acceptance of instrument 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 . 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. review the performance / portfolios of the Schemes. investing predominantly in units of HGETF. The inputs regarding cash flows by various modes of acceptance will be planned on a daily basis.54 96. INVESTMENT DECISIONS The Investment Committee comprising Chief Investment Officer (CIO). This will also form the basis for subsequent deployment of funds in HGETF. It is expected that there would be a number of subscriptions and redemptions on a daily basis.00 pm.00 T day upto 5. However. covering inter alia factors like business outlook.00 100. the Scheme will buy/ sell HGETF units directly on the stock exchange without waiting for additional subscription redemption to minimize tracking error. Availability of Gold bars for creation of units of HGETF. 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 1.62 0.00 Otherwise T+1 T day upto 5. it is difficult to estimate with any reasonable measure of accuracy. On the basis of clear Funds being available for deployment. shall assist the Fund Manager(s) in the decisionmaking.00 Cumulative % 1. 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. For small amounts of inflows/outflows which are less than the creation size of HGETF. 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. Fund Manager(s) – Equities (for equity related matters). Fund flows in the Scheme of value lesser than Creation lot size of HGETF. Credit exposure limits shall be set and reviewed by the Head of Credit. The tracking error for HGETF (Underlying Scheme) for the following months is as under: July 29. 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.1469% PORTFOLIO TURNOVER The Scheme is an open ended Fund of Fund Scheme. valuation. monitor the credit ratings of debt exposures. policy and processes / procedures. policy and processes / procedures. The subscription/redemption 16 request will also be reported and used as a basis for planning investments in HGETF. B) Utilization of Funds Transactions are accepted before the cut off time as specified by SEBI from time to time. The deployment will be carefully planned on the basis of the mode of acceptance of instrument to moderate tracking error. The trade execution prices for units of HGETF may be different from NAV of HGETF.a.00 T day upto 5. Fund Manager(s) – Debt (for debt related matters) and Chief Compliance Officer will inter alia lay down the fund’s investment philosophy. cash flows are reported to the fund manager on timely basis. etc. Research reports. Consequently. Tracking error due to movement in prices of physical gold will impact the performance of the Scheme.21 99.0586% August 30. financial analysis. 2011 0. 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. .76 0. 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 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. The holding of a cash position and accrued income. 2011 0. Fund Manager(s) – Debt and the CIO. The subscription/redemption request will also be reported and used as a basis for investing in HGETF on realization of funds. etc. 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.05 2.54 95.59 99. Delay in receipt of subscription/SIP inflows.

The AMC may also invest in existing Schemes of the Mutual Fund. b) Aggregate Fees and Expenses charged to the Scheme Please refer to section ‘Fees and Expenses’ on Page 44 for details. repurchase. HDFC Multiple Yield Fund – July 25. Anil Bamboli 39 years Educational Qualifications B. if any 17 . 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. 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.Asst. F. Moreover.Please refer to section ‘How will the Scheme Allocate its Assets?’ on Page 12. Grad CWA. Treasury Advantage Plan Last Position held . Com. 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. etc. (iii) Terms of Issue (a) Liquidity provisions such as listing. 2003 till Date Plan 2005 (Debt) HDFC Asset Management HDFC High Interest Fund Company Limited HDFC Short Term Plan May 1994 . The Managing Director does not play any role in the investment decisions taken.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. (ii) Investment Objective Main Objective . G. H. there are no indices catering to the gold sector/securities linked to Gold. redemption Please refer section ‘III. Any safety net or guarantee provided This Scheme does not provide any guaranteed or assured return. The benchmark for HGETF is Domestic price of physical gold. fineness and price of gold. c) Changes in Fundamental Attributes In accordance with Regulation 18 (15A) of the SEBI (MF) Regulations. Investment decisions for Arbitrage Fund(s) shall be guided primarily by arbitrage opportunities available. and other prevailing guidelines. MMS (Finance).July 2003 HDFC Cash Management Fund – SBI Funds Management Pvt. Ltd. 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. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? BENCHMARK INDEX The Scheme will be predominantly investing in the units of the underlying scheme viz. Hence. Periodic presentations will be made to the Board of Directors of the AMC and Trustee Company to review the performance of the Scheme. 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. However. if any. Investment pattern .Please refer to section ‘What is the Investment Objective of the Scheme?’ on Page 12. WHO MANAGES THE SCHEME? Fund Manager for the Scheme: Name & Age Mr. yield on debt/money market instruments. FUNDAMENTAL ATTRIBUTES Following are the Fundamental Attributes of the Scheme. Performance comparisons for the Scheme will be made vis-à-vis the Benchmark. 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. CFA . HGETF. 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. due to the inherent differences in the construction of the portfolio. the benchmark for the Scheme is the domestic price of physical 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. the Scheme’s performance may not be strictly comparable with the performance of the Benchmark. 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. As per the existing SEBI (MF) Regulations. Units and Offer’ for details.

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

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. if the Mutual Fund fails to collect the minimum subscription amount of R 20 crores under the Scheme. with the DP at the time of purchasing Units during the NFO of the Scheme. 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.a. full and firm allotment will be made to the Unit holders of the Scheme. interest as specified by SEBI (currently 15% p. The Units allotted will be credited to the DP account of the Unit holder as per the details provided in the application form. However. subject to the applications being in accordance with the terms of this offer. 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 AMC/Trustee reserves the right to extend the closing date of the New Fund Offer Period. Dividends will not be declared under this Option. application Plans / Options offered Currently the Scheme offers only Growth Option. then all the investors would be refunded the amount invested without any return.III. All Applicants whose cheques towards purchase of Units have realised will receive a full and firm allotment of Units.000 per application and any amount thereafter. NEW FUND OFFER (NFO) New Fund Offer Period NFO Opens on: October 7. The minimum subscription (target) amount for the Scheme is R 20 crores. 2011 This is a period during which a new NFO Closes on: October 21. the minimum amount is R 5.000 per application and any amount thereafter. 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. DP ID No. the Mutual Fund and the AMC shall be liable to refund the subscription amount to the Applicants of the Scheme. This is the price per Unit that the investors have to pay during the NFO. Minimum Target amount This is the minimum amount required to operate the Scheme and if this is not collected during the NFO period. In accordance with the SEBI (MF) Regulations. Dividends will not be declared under this Option. refund of subscription amount to Applicants whose applications are invalid for any reason whatsoever. The Trustee retains the sole and absolute discretion to reject any application. if any) during the NFO Period. A. 19 . subject to the condition that the subscription list of the New Fund Offer Period shall not be kept open for more than 15 days. This is the maximum amount. Minimum Amount for Application The minimum amount R 5. UNITS AND OFFER This Section provides details you need to know for investing in the Scheme. the Trustee reserve the right to introduce investment Plans / Options under the Scheme at a future date in accordance with SEBI (MF) Regulations. However. In addition to the above. New Fund Offer Price Offer of Units at R 10 each for cash during the NFO Period of the Scheme. will commence after the allotment process is completed. Applicants under the Scheme will have an option to hold the Units either in physical form or in dematerialized form. the AMC / Trustee retains the sole and absolute discretion to reject any as decided by the AMC. The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective DPs periodically. However. which can be collected during NFO period. Dividend Policy Allotment There is no Dividend Policy as the Scheme offers only Growth Option. and Beneficiary Account No. 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.) will be paid to the investors from the expiry of 5 business days from the date of closure of the subscription 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. if AMC fails to refund the amount within 5 business days from the closure of NFO period.

3. There shall not be any joint accounts with minor as the first or joint holder. Karta of Hindu Undivided Family (HUF). 1996. However. the AMC shall issue a non-transferable Unit certificate to the applicant within 5 Business Days of the receipt of request for the certificate. 4.If the Unit holder desires to hold the Units in a Dematerialized / Rematerialized form at a later date. 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. systematic withdrawal plan. Banks & Financial Institutions. refund of subscription amount to Applicants whose applications are invalid for any reason whatsoever. Association of Persons or bodies of individuals and societies registered under the Societies Registration Act. 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. by registered post or by any other mode of payment as authorised by the applicant. No Interest will be payable on any subscription money refunded within 5 Business days from the closure of the New Fund Offer Period. 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. 5. the Trustee / AMC reserves the right to change the dematerialization / rematerialization process in accordance with the procedural requirements laid down by the Depositories. Partnership Firms & Limited Liability Partnerships (LLPs). Companies. Indian Resident adult individuals either singly or jointly (not exceeding three) or on an Anyone or Survivor basis. Mutual Funds registered with SEBI. Further. Refund In case the Scheme fails to collect the minimum subscription amount of R 20 Crores. In addition to the above. 6. 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. Public Sector Undertakings. 7. However. 8. Who Can Invest 20 . redemption. the Mutual Fund and the AMC shall be liable to refund the subscription amount to the Applicants of the Scheme. systematic transfer plan and bonus transactions. among Units within the Scheme concerned as to assets and earnings thereto. The following persons (i. Bodies Corporate.e. 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. switch. systematic investment plan. dividend payout. All Units will rank pari-passu. if the applicant so desires. 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.e. father or mother. 2. Religious and Charitable Trusts. will commence after the allotment process is completed and will be without incurring any liability whatsoever for interest or other sum. dividend reinvestment. *The word ‘transaction(s)’ shall include purchase. NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act. 1860. is suitable to your risk profile. 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. viz. as the case may be) or a court appointed legal guardian. Refund orders will be marked “A/c Payee only” and will be in favour of and be despatched to the sole / first Applicant. 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. Normally no Unit certificates will be issued. Minor (as the first and the sole holder only) through a natural guardian (i.

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. 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. the necessary charges are liable to be debited to the investor. whose names and addresses are mentioned on Page 48 to 51 of the SID. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorising such purchases and redemptions. AMC. 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. 3. 14. Air Force. Non-resident Indians (NRIs)/Persons of Indian Origin residing abroad (PIO) on repatriation basis or on nonrepatriation basis. and the accompanying application forms are liable to be rejected. The Trustee. Other Schemes of HDFC Mutual Fund subject to the conditions and limits prescribed by SEBI (MF) Regulations. 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. 15. Sponsor and their associates may subscribe to Units under the Scheme(s). duly certified / attested should also be attached to the Application Form. The Investors can also purchase Units of the Scheme during NFO by placing an order with the members (stock brokers) of stock exchanges.9. 2. Foreign Institutional Investors (FIIs) registered with SEBI on repatriation basis. 5. 11. The officials should sign the application under their official designation. A list of specimen signatures of the authorized officials. Applications not complying with the above are liable to be rejected. Subject to the SEBI (MF) Regulations. In case the returned cheques are presented again. 13. 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. Please refer to section “Special Products available” on Page 22 for more details. Returned cheques are liable not to be presented again for collection. or duly notarized copy thereof. 4.. Army. Navy and other paramilitary units and bodies created by such institutions. 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations. Scientific and Industrial Research Organisations. Such other individuals/institutions/body corporate etc. so long as wherever applicable they are in conformity with SEBI (MF) Regulations. No request for withdrawal of application will be allowed after the closure of New Fund Offer Period. Multilateral Funding Agencies/Bodies Corporate incorporated outside India with the permission of Government of India/Reserve Bank of India. 16. Note : 1. 10. 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. as may be decided by the AMC from time to time. 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. Trustee. 21 . 12. 6. any application for Units may be accepted or rejected in the sole and absolute discretion of the Trustee.

This concept is called Rupee Cost Averaging. they can start a folio with a SIP It may be noted that the first SIP transaction for .000 at halfyearly intervals.Not Applicable Note: Monthly SIP Installment Amount increases by Top-up amount V 1. as yearly interval. For complete details and ASBA process refer Statement of Additional Information (SAI). and undertake other tasks as per the procedure specified therein. 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. Under the SIP Investors can invest a fixed .000 5.000 SIP Date : 1st of every month (24 installments) Top-up Amount: R 1. amount of Rupees at regular intervals for purchasing additional Units of the Scheme at Applicable NAV. enrolment of SIP during the NFO will be mandatory via cheque. ‘Monthly Systematic Investment Plan (MSIP)’ and ‘Quarterly Systematic Investment Plan (QSIP)’. the immediate next Business Day will be considered for this purpose.500 and in multiples of R 100 thereafter under QSIP .000 1. Presently. 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 . SIP offers investors two plans viz. . Minimum amount per SIP installment is R 500 and in multiples of V 100 thereafter under MSIP and R 1.000 3.A.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. 1.A.000 3.000 4.000 4. It may be noted that Investors need not have an existing Folio to start a SIP. 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. How to Apply Listing Please refer to ‘Statement of Additional Information (‘SAI’)’ and Application form for the instructions. 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. 22 . For investments through SIP during NFO. In case the top-up frequency is not indicated under Monthly SIP it will be considered .Further.000 Increased Monthly SIP Amount in B (A+B) 2. the Units of the Scheme are not to be listed on any stock exchange.000 1. the AMC/Mutual Fund may discretion list the Units under the Scheme on one or more stock exchange date. Units will be allotted at the Applicable NAV on the applicable dates subject to realization of proceeds.000 Top-up Frequency: Half Yearly SIP Installments shall be as follows: Installment No(s). fixed amount at pre-defined intervals. In case the date falls on a nonbusiness day. From Date To Date Monthly SIP Installment Amount in B (A) 2. It may be noted that the facility of SIP enrolment for investments through Post Dated Cheques will not be available during the NFO period. Additionally. be in multiples of R 500 only. Quarterly SIP offers top-up frequency at yearly intervals only.000 2. 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. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP The Top-up amount should . 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 SIP Top-up Amount in B (B) N. However. 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. which in turn will block the amount in the account as per the authority contained in ASBA form. Monthly SIP offers top-up frequency at half yearly and yearly intervals.

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. 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. 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. Minors and Sole proprietary firms. For folios where the units are held on behalf of the minor. Please refer to the SIP Enrolment Form for terms & conditions before enrolment.com. The AMC / Trustee reserve the right to change / modify load structure and other terms and conditions under the SIP prospectively at a future date. notice of such discontinuance should be received at least 15 days prior to the due date of the next installment. 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. HUFs and other categories will not be eligible for the exemption. for SIP through Post Dated Cheques. 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. the SIP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month. On receipt of such request. the Switch must comply with the Redemption rules of the existing Scheme and the issue rules of NFO (e. Mutual Fund / AMC will register SIP in a folio held by a minor only till the date of the minor attaining majority. However. NRIs but not PIOs). the SIP facility will be terminated.hdfcfund. 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. to be effective. 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. 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. 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. even though the instructions may be for a period beyond that date. 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.e. 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 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. Thereafter.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.g. 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. However. as to the 23 . April to March does not exceed v 50. The SIP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age.There is no maximum duration for SIP enrolment for the Scheme. distributors/agents and also displayed on the website www. 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. 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). who do not have a PAN. Switching Options During the NFO period. Please refer to the Micro SIP Enrolment Form for terms & conditions before enrolment.

which provide basis for valuation for a substantial portion of the assets of the Scheme are closed otherwise than for ordinary holidays.hdfcfund. from SEBI. Please refer to section “Special Products available” on Page 22 for more details. When one or more stock exchanges or markets. Presently. then the AMC shall. additions / deletions of names will not be allowed under any folio of the Scheme. in its sole discretion. as the case may be. The Sale. Redemption so carried forward will be priced on the basis of Redemption Price of the Business Day on which Redemption is made. and the proceeds will be invested in the selected option(s) of the NFO at prevailing offer price. 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. the balance amount being carried forward for the Redemption to the next Business Day(s). The policy regarding re-issue of repurchased Units. The Trustees reserves the right to make the Units transferable at a later being offered date subject to the Regulations.e. 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. the manner of reissue. the AMC does not intend to reissue the repurchased Units. to limit the redemption with respect to any single account to an amount of R 2 crores on any Business Day. may in the general interest of the Unit holders of the Scheme. 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. to the extent multiple Redemption requests are received at the same time on a single Business Day. 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. However. a transferee) becomes a holder of the Units by operation of law or upon enforcement of pledge. economic or monetary events or any circumstances outside the control of the Trustee and the AMC. 24 . However. When. the said provisions will not be applicable in case a person (i. Redemption will be made on a pro-rata basis. 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. keeping in view the unforeseen circumstances / unsure conditions.minimum number of Units that may be redeemed or issued. Under such circumstances. the Trustee reserves the right. Restrictions. 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). 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. 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. In addition. 2. Redemption and Switching of the Units may be temporarily suspended under the following conditions: 1. However. or would not reasonably be practicable without being detrimental to the interests of the Unit holders. In view of the same. the Trustee reserves the right to reissue the repurchased Units at a later date after issuing adequate public notices and taking approvals. if the intended transferee is otherwise eligible to hold the Units of the Scheme. subject to production of such satisfactory evidence and submission of such documents. 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. if any. Right to Limit Redemptions The AMC. in the order of receipt. based on the size of each Redemption request. 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. Exit Load etc). HDFCMFOnline and HDFCMFInvestOnline facility offered under eServices facility enables investors to transact online on www. the disposal of the assets of the Scheme are not reasonable. if any. as a result of political. including the maximum extent.com. proceed to effect the transfer. Please refer to section “Special Products available” on Page 22 for more details. the suspension of Sale / Redemption / Switching either temporarily or indefinitely will be with the approval of the Trustee.

e. strikes. 7. if AMC views that changing the size of the corpus may prove detrimental to the existing Unit holders of the Scheme. Applications by new Unit holder must be for a minimum amount of R 5. if the Unit holder desires to hold the Units in a Dematerialized / Rematerialized form at a later date. Redemption requests will have to be signed by all the joint holders. 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). When the bullion markets in London and forex markets which provide basis for valuation are closed otherwise than for ordinary holidays. However. However. If so directed by SEBI. Applicants under the Scheme will have an option to hold the Units either in physical form or in dematerialized form. 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. 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. where mode of holding is specified as “Joint”.000 and any amount thereafter. without it being necessary for all the Unit holders to sign. In the event of breakdown in the means of communication used for the valuation of investments of the Scheme. 9. During periods of extreme volatility of markets. 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. However. The AMC reserves the right to change the minimum application amount from time to time. 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. 25 . 10. 11. The total number of Units allotted will be determined with reference to the applicable Sale Price and fractional Units may be created.000 and any amount thereafter. 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 cases of holding specified as ‘Anyone or Survivor’. the Redemption proceeds will be paid only to the first named holder. In the event of any force majeure or disaster that affects the normal functioning of the AMC or the ISC. 6. any of the Unit holders will have the power to make Redemption request. 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. Redemption of Units The Units can be Redeemed (i. in all cases. In case the Units are held in the names of more than one Unit holder. 4. In case of natural calamities. The Redemption / Switch-out request can be made by way of a written request. any of the ISCs.3. B. which in the opinion of the AMC are prejudicial to the interests of the Unit holders of the Scheme. riots and bandhs. 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. 5. sold back to the Mutual Fund) or Switched-out on every Business Day at the Redemption Price. 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. 8. In the event of any unforeseen situation that affects the normal functioning of the stock exchange(s). temporarily or indefinitely. During the period of Book Closure. on a Transaction Slip which should be submitted at / may be sent by mail to any of the ISCs. war. without which the value of the securities of the Scheme cannot be accurately calculated. Subscription of Units Applications by existing Unit holder of the Scheme must be for a minimum amount of R 1.

For Redemptions including switch-outs In respect of valid applications received upto 3 p.98) = R 9. 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. Ongoing Price for subscription (purchase)/ The Sale Price will be the Applicable NAV of the Scheme/ Option. 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 closing NAV of the next Business Day shall be applicable. Any application for an amount equal to or more than R 2 Lakh with payment mode other than the above will 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. if any. Units held in demat will be transferable in accordance with the provisions of Depositories Act. In respect of valid applications received after 3 p. 1996. 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.m. the application will be liable to be rejected.m.m. 26 .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. transaction through Channel Partners and through Stock Exchange Platform. the closing NAV of the next Business Day shall be applicable. official points of acceptance. In view of the above. the Trustee / AMC reserves the right to change the dematerialization / rematerialization process in accordance with the procedural requirements laid down by the Depositories. if any) Example : If the Applicable NAV is R10 and a 2% Exit Load is charged. In case the application does not conform to the above criteria.Exit Load. same day’s closing NAV shall be applicable.02) = R 10 * (0. on a Business Day by the Fund. closing NAV of the day on which cheque/ demand draft is credited shall be applicable. switch-in (from other schemes/plans of the mutual fund) by investors This is the price you need to pay for purchase/ switch-in. 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. the Mutual Fund shall ensure that there is an uniformity in time taken for issuing redemption proceeds to all investors. the Redemption Price per Unit will be calculated as follows: = R 10 * (1-0. on a Business Day by the Fund. In respect of valid applications received after 3 p. the closing NAV of the day on which application is received shall be applicable. viz. 1996 and the Securities and Exchange Board of India (Depositories and Participants) Regulations. 1996 as may be amended from time to time. The AMC has the right to amend cut off times subject to SEBI (MF) Regulations for the smooth and efficient functioning of the Scheme.m. 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 . transaction through Channel Partners and through Stock Exchange Platform. NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act. However.However.

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. The Investors can also subscribe/ redeem Units of the Scheme by placing an order with the members (stock brokers) of stock exchanges. Please refer to section ‘‘Special Products available’’ on Page 22 for more details. The request for Redemption / Switch-out of Units could also be in fractions. Under the SIP Investors can . 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. 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. 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. the value of balance Units (represented by the Units in the Unit holder’s account if such Redemption / Switch were to take place. 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.com The Investor who is registered with the AMC to subscribe/ redeem/switch online through the website viz. 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.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.com can apply through HDFCMFOnline and HDFCMF InvestOnline or through Mobile handset with HDFCMobile. upto three decimal places. The Redemption / Switch-out request can be made by specifying the rupee amount or by specifying the number of Units to be Redeemed. www. any of the ISCs / Official Points of Acceptance whose names and addresses are mentioned on Page 48 to 51 of the SID. 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. This concept is called Rupee Cost Averaging. as the case may be. falls below R 5. Additional Purchase: R 1. if at the time of any part Redemption. Please refer to section ‘‘Special Products available’’ on Page 22 for more details. a specified rupee amount and a specified number of Units.000 and any amount thereafter. The minimum amount of Redemption / Switch-out may be changed in future by the AMC. Redemption / Switch-out request can be made for a minimum amount of R 500 or a minimum of 50 Units. valued at the applicable Redemption Price).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.hdfcfund. 27 . If only the Redemption / Switch-out amount is specified by the Unit holder. 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. 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.hdfcfund. Further. the specified number of Units will be considered the definitive request. Minimum amount for purchase/ redemption/switches Minimum amount for Purchase (including Switch-in): R 5.000 and any amount thereafter. Please refer to section “Special Products available” on Page 22 for more details.

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. Additionally. facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct Debit Facility/Standing Instruction only. Minimum number of Cheques under MSIP: In respect of each SIP Instalment less than R 1. Mutual Fund / AMC will register SIP in a folio held by a minor only till the date of the minor attaining majority. ‘Monthly Systematic Investment Plan (MSIP)’ and ‘Quarterly Systematic Investment Plan (QSIP)’. In case the top-up frequency is not indicated under Monthly SIP it will be .000 5.000 4.000 SIP Date : 1st of every month (24 instalments) Top-up Amount: R 1. Investors can invest under this facility at periodic intervals by providing post-dated cheques to Official Point(s) of Acceptance.000 (B) N.500 and in multiples of R 100 thereafter under QSIP . An investor is eligible to issue only one cheque for each month/ quarter in the same SIP enrolment form. It may be noted that Investors need not have an existing Folio to start a SIP. SIP offers investors two plans viz.000 4.000 3. considered as yearly interval.000 1. 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.000 SIP Top-up Amount in B Increased Monthly SIP Amount in B (A+B) 2.000 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. by a fixed amount at pre-defined intervals. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP SIP Top-up .000 1. However. 1.000/In respect of each SIP Instalment equal to or greater in value: 2 in value: 12 than R 1.000 at half-yearly intervals. Minimum amount per SIP instalment is R 500 and in multiples of R 100 thereafter under MSIP and R 1. 28 . . 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 Top-up Frequency: Half Yearly SIP Instalments shall be as follows: Instalment No(s).Unit holder can enroll for the SIP facility by submitting duly completed Enrolment Form at the Official Point(s) of Acceptance. they can start a folio with a SIP . even though the instructions may be for a period beyond that date. The SIP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age.A.000/- in value: 4 than R 3. Presently. Monthly SIP offers top-up frequency at half yearly and yearly intervals. Quarterly SIP offers top-up frequency at yearly intervals only. For folios where the units are held on behalf of the minor. All SIP cheques under MSIP and QSIP should be of the same amount and same date. From Date To Date Monthly SIP Instalment Amount in B (A) 2.000 2.Not Applicable Note: Monthly SIP Instalment Amount increases by Top-up amount R 1. 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/- There is no maximum duration for SIP enrolment for the Scheme.000 3. The Top-up amount should be in multiples of R 500 only.A.

On receipt of such request. 5th. This exemption will be applicable only to investments by individuals (including Joint Holders who are individuals. The cheques will be presented on the dates mentioned on the cheque and subject to realization of the cheque.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. In order to enroll for SIP Auto Debit facility or Direct Debit Facility. HUFs and other categories will not be eligible for the exemption.hdfcfund. NRIs but not PIOs). However. 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. notice of such discontinuance should be received at least 15 days prior to the due date of the next installment. Thereafter. subject to payment of applicable Entry Load. 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 AMC / Trustee reserve the right to change / modify load structure and other terms and conditions under the SIP prospectively at a future date. The list of acceptable Photo Identification documents and proof of address documents is given in the Micro SIP Enrolment Form. 20th or 25th. who do not have a PAN. 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 . 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). Units will be allotted at the Applicable NAV. 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. the Fund will send a letter to the Unit holder confirming that the Unit holder’s name has been noted for the SIP facility.e. 15th. if any. Minors and Sole proprietary firms. the SIP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month. Gold Fund A/c PAN” or “HDFC Gold Fund A/c Investor Name” and crossed “A/c Payee only”. for SIP through Post Dated Cheques. April to March does not exceed R 50. On receipt of the post dated cheques. . 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. 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. Please refer to the SIP Enrolment Form for terms & conditions before enrolment.com All terms and conditions of Systematic Investment Plans (SIPs) (except SIP Top-up facility) shall apply to Micro SIPs.However. 29 . The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. 10th. the SIP facility will be terminated and the balance post-dated cheque/s will be returned to the Investor. first cheques could be of any date but all subsequent cheques should be dated 1st. 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. distributors/agents and also displayed on the website www. the immediate next Business Day will be considered for this purpose. 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. Investors who wish to enroll for Micro SIP are required to fill in the Micro SIP Enrolment Form available with the ISCs. an investor must fill-up SIP Enrolment Form (for investment through Auto-Debit / ECS / Standing Instruction).

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

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. 31 . Redemption of Units: a. b. SEBI /IMD / CIR 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. the purchase order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor. Allotment details will be provided by the Brokers/ Clearing Members to the investor. The investor will transfer the funds to the Brokers/ Clearing Members. The Broker/Clearing member shall verify the application for mandatory details and KYC compliance. 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. Investors will be able to purchase/redeem units in eligible schemes in the following manner: i. Dematerialized Form The investors who intend to deal in depository mode are required to have a demat account with CDSL/ NSDL. ii. The redemption proceeds will be credited to the bank account of the investor. AMFI /NISM certification. The investor should provide their depository account details to the Brokers/ Clearing Members. as per the bank account details recorded with the Mutual Fund. Purchase of Units: a. 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. The redemption order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor. 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. Investors shall receive the units through Broker/ Clearing Member’s pool account. Allotment details will be provided by the Brokers/ Clearing Members to the investor. The purchase order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor.11/183204/2009 dated November 13. After completion of the verification. 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.The eligible AMFI certified stock exchange Brokers/Clearing Members/Depository Participants who have complied with the conditions stipulated in SEBI Circular No. 2009 for stock brokers viz.

The AMC/ Mutual Fund shall pay proceeds to the Broker/Clearing Member and Broker/Clearing Member in turn to the respective investor’s account. 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.b. a demat statement will be sent by Depository Participant showing the credit/debit of units to their account. 32 . change of bank details. 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. The redemption proceeds will be credited to the bank account of the investor. weekly. The Trustee/AMC reserves the right to change/modify the features of this facility at a later date. 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. 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. Applications for purchase/redemption of units which are incomplete /invalid are liable to be rejected. For investors who have purchased their units under this facility in physical mode. The investors should provide their Depository Participant with Depository Instruction Slip with relevant units to be credited to Clearing Corporation pool account. 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 . 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. Investors shall receive redemption amount through Broker/Clearing Member’s account. The redemption order will be entered in the system and an order confirmation slip will be issued to investor. 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. etc. The investors should provide their Depository Participant with Depository Instruction Slip with relevant Scheme ISIN and units to be redeemed. 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. 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). Investors should contact the Investor Service Centres (ISCs) of HDFC Mutual Fund for further details. Separate folios will be allotted for units held in physical and demat mode. In case of investors who intend to deal in units in depository mode. 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. as per the bank account details recorded with the Depository Participant. which is available for investment at that time. 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. monthly or quarterly basis from one HDFC Mutual Fund scheme to another scheme.

The AMC / Trustee reserves the right to change / modify load structure and other terms and conditions under the STP prospectively at a future date. There will be no maximum duration for STP enrolment. falls during a book closure period. 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. 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. after payment of Exit Load. even though the instructions may be for a period beyond that date. 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. 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 . The amount so switched shall be reinvested in the Transferee scheme / plan. the STP transactions shall be reflected in the CAS sent by mail/e-mail for each calendar month.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. Mutual Fund / AMC will register STP in a folio held by a minor only till the date of the minor attaining majority. the next Business Day will be considered for this purpose. Fixed Systematic Transfer Plan (FSTP) with daily.: 12 where instalment amount is equal to or greater than R 1. In case these dates fall on a Holiday or fall during a Book Closure period. Thereafter. Presently STP offers investor two plans viz. For folios where the units are held on behalf of the minor.000/. the STP facility will be terminated. 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. Notice of such discontinuance should be received at least 10 days prior to the due date of the next transfer date.: 6 Under Weekly FSTP Monthly FSTP & Monthly CASTP: . 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. 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. 000. The minimum number of instalments under each Plan are as follows. 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. The STP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age. Under Quarterly FSTP & Quarterly CASTP: Minimum 2 instalments Further. if any. and subscribing to the units of the Transferee Scheme at Applicable NAV in respect of each STP investment. The said allotment confirmation will be sent to the Unit holders registered e-mail address and/or mobile number. 33 . Minimum 6 instalments. Please refer to the STP Enrolment Form for terms and conditions before enrolment.000/. Under Daily FSTP: where instalment amount is less than R 1. However. monthly and quarterly frequency and Capital Appreciation Systematic Transfer Plan (CASTP) with monthly and quarterly frequency. the immediate next Business Day will be considered for the purpose of determining the applicability of NAV. On receipt of such request.

The total Flex STP amount invested in the Transferee Scheme shall not exceed the total enrollment amount i. There should be a minimum of 12 instalments where instalment amount is less than R 1. distributors/agents and also displayed on the website www. Investors may note that if you decide to take up Fixed Plan under SWAP facility. available to the Unit holders of the Scheme.e. In respect of amount withdrawn under SWAP the Exit Load. Flex STP offers transfer facility at daily. you should be aware of the possibility that you could erode your capital. applicable to . Quarterly. Half-Yearly and Yearly intervals. weekly. 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.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”). are required to fill HDFC Flex STP Enrolment Form available with the ISCs. 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) . the Scheme/Plan as on the date of allotment of units shall be levied. Any Unit holder can avail of this facility subject to the terms and conditions contained in the SWAP Enrolment Form. 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 . 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. if any). 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. monthly and quarterly intervals. SYSTEMATIC WITHDRAWAL ADVANTAGE PLAN (SWAP) This facility.000/-.Weekly & Monthly Interval and 2 instalments under Flex STP – Quarterly Interval. 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. 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.under Flex STP .hdfcfund.market value of the investments through Flex STP in the Transferee Scheme on the date of transfer] whichever is higher}.and a minimum of 6 instalments where instalment amount is equal to or greater than R 1. Also. 20th. if any) under SWAP by Redemption shall be converted into the specific Scheme / Plan Units at the NAV based prices as on 1st. The amount withdrawn (subject to deduction of tax at source. If the net asset value of the Units outstanding on the withdrawal date is insufficient to process the withdrawal request.Daily Interval.000/. 25th of month/quarter/ year and such Units will be subtracted from the Unit Balance of the Unit holders. then the Mutual Fund will redeem the Units outstanding in its entirety. enables them to withdraw (subject to deduction of tax at source. 34 . 5th. Unitholder(s) who opt for Fixed Plan under systematic withdrawal from each Scheme/ Plan have an option of Monthly. if any.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. There should be a minimum of 6 instalments for enrolment under Flex STP .000/. amount per installment X number of installments. 10th. Please refer to the HDFC Flex STP Enrolment Form for terms & conditions before enrolment. Unitholder is free to choose the frequency of such transfers. 15th.

Exit / Entry Load etc). to be effective. or within the Scheme from one option to another option (subject to completion of lock-in period. 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 SWAP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age. For folios where the units are held on behalf of the minor. 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. the Switch must comply with the Redemption rules of the Scheme and the issue rules of the other scheme (e. 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. The price at which the Units will be Switched out of the respective Options will be based on the Redemption Price. Please read the instructions on the Application Form for further details. even though the instructions may be for a period beyond that date. would be redeemed and paid either on the investment attaining a particular value or after a particular period of time. AUTOMATIC TRIGGER FACILITY Under this facility. a specified amount / full amount / gains / appreciation etc. and the proceeds will be invested in the other scheme / plan at the prevailing sale price for units in that scheme / plan. if any). 35 . as to the minimum number of Units that may be redeemed or issued. Mutual Fund / AMC will register SWP in a folio held by a minor only till the date of the minor attaining majority. events. 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. dates etc (subject to deduction of tax at source. Please refer to the SWAP Enrolment Form for terms & conditions before enrolment. which should be submitted at / may be sent by mail to any of the ISCs. No load shall be imposed for switching between the Options within the Scheme.g. The switch transaction shall be reflected in the CAS send by mail / e-mail. a Unit holder may opt for withdrawal and / or switch based on the Unit balance attaining a minimum capital appreciation / gains. on realisation of gains. if any) which is available for investment at that time. 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. SWAP facility is available subject to terms & conditions. 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 Units will be redeemed as and when the balance reaches a desired value or after certain period of time etc. In case of triggers linked with events / dates. The Switch request can be made on a Transaction Slip. The AMC / Trustee reserve the right to change / modify the terms and conditions under the SWAP prospectively at a future date.Investors can enroll themselves for the facility by submitting the duly completed SWAP Enrolment Form at any of the ISCs. 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.

the AMC. damages or losses arising out of or in connection with the transactions undertaken by investors / distributors through above mode. On HDFCMFOnline. 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. * Payment arrangement for purchase of units is available at present with HDFC Bank only.hdfcfund.com using HDFCMFInvestOnline. are by way of direct credits to the specified bank account of the Fund. as the case may be. request for account statements. the subscription proceeds. besides other options. if any) and dividend payouts. to the AMC / RTA as per agreed timelines. The Redemption proceeds (subject to deduction of tax at source. *facility available with select banks and subject to submission of Permanent Account Number (PAN) and Know Your Customer (KYC) compliance proof.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. You also need to have opted for the mobile-banking facility with your Bank. when invested through this mode. Normally. Unitholders must possess a Folio Number (KYC validated). HDFCMFMobile This facility enables investors to transact on their mobile handsets. ELECTRONIC SERVICES The e Services facility includes HDFCMF Online . 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. 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. as applicable. shall be liable to be rejected. The Mutual Fund.hdfcfund.com using HDFCMFOnline. presently there is a restriction of R 50. Bank Account Number registered in the folio and Net banking facility with any of the select banks to avail the HDFCMFInvestOnline facility. Unitholders can execute transactions on their mobile phone for purchase*. HDFCMFOnline This facility enables investors to transact online on www. HDFCMFInvest Online. HDFCMFMobile and ePayouts. besides other options. 2009. 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. Under such arrangement. 36 . the transaction request. along with their directors. Unitholders can also view account details and portfolio valuation on their mobile phone. the Trustee. Unitholders can also view account details and portfolio valuation online. HDFCMFInvestOnline This facility enables existing Unitholders not having a HDFC Personal Identification Number (HPIN) to transact online on the Fund’s website www. On HDFCMFMobile. In case KYC and other necessary documents are not furnished within the stipulated timeline. employees and representatives shall not be liable for any errors. As per RBI’s operative guidelines on Mobile banking dated December 24. download account statements and request for documents via email. valid PAN. Please visit our website from time to time for an updated list of banks. 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. redemption. 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. Unitholders can execute transactions online for purchase*. the Channel Distributors will aggregate the details of transactions (viz. 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.

the AMC. The AMC reserves the right to modify the terms and conditions or to discontinue the facility at any point of time. representatives of the AMC. illegible. garbled. obligations. demands. claims. liabilities. 37 . losses. 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. imperfect. 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. damage caused to the transmitter directly or indirectly. 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.hdfcfund. costs and expenses of whatever nature (whether actual or contingent) directly or indirectly suffered or incurred. the facility of ePayouts comprising of mode of payment of Redemption / Dividend Proceeds if any. 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. ineffective. altered. employees.Apart from above mentioned facilities.com SUBSCRIPTION OF UNITS THROUGH ELECTRONIC MODE Subject to the investor fulfilling certain terms and conditions as stipulated by AMC from time to time. 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 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. the Registrar (“Recipient”) may accept transactions through any electronic mode (“fax/web/electronic transactions”) as permitted by SEBI or other regulatory authorities. not timely etc. 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. having a lack of quality or clarity. telephone call backs or a combination of the same. Registrar or any other agent or representative of the AMC. distorted. via Direct Credit / NEFT / ECS is covered under eServices facility for further details. Mutual Fund. 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. 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. Mutual Fund. Mutual Fund and Trustees from and against all actions. damages. agents. please refer eServicesbooklet available to all Investor Service Centres (ISCs) as well as on our website www. Directors. The transmitter agrees that security procedures adopted by the recipient may include signature verification.

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

(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. will be paid in case the Redemption proceeds are not made within 10 Business Days of the Redemption Date. and intimation in regard to the same shall be dispatched to the Unit holder. In case the cheque / draft is dishonoured by the bank. In case of liquidation of HGETF units directly with the Fund. the address of the first-named Unit holder). if any. On an ongoing basis. the Mutual Fund shall despatch Redemption proceeds within 10 Business Days of the date of Redemption. the payment of redemption proceeds under the Scheme will be subject to receipt of redemption proceeds from HGETF. (i) Credited to the NRI investor’s NRO account. a lien on Units allotted will be created. 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. the Mutual Fund shall despatch Redemption proceeds within 10 Business Days of the Redemption date. REDEMPTION BY NRIs / FIIs Credit balances in the account of an NRI / FII Unit holder. As per SEBI (MF) Regulations. and such Units shall not be available for redemption until the payment proceeds are realized by the Scheme. 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 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. when existing and new investors make subscriptions. 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. Redemption cheques will be sent to the Unit holders address (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. the transaction shall be reversed and the Units alloted earlier shall be cancelled. if there is more than one registered holder. 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). All Redemption payments will be made in favour of the registered holder of the Units or. 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). the payment of redemption proceeds under the Scheme will be subject to receipt of redemption proceeds from HGETF. if there is more than one holder on record. where the payment for the purchase of the Units redeemed was made out of funds held in NRO account or 39 . In case of liquidation of HGETF units directly with the Fund. 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. only to the first registered holder. In the case of NRIs Payment of Redemption proceeds shall be. Further. A penal interest of 15% or such other rate as may be prescribed by SEBI from time to time. the redemption proceeds shall be directly credited to their account. As per SEBI (MF) Regulations. if there is more than one registered holder. In case a Unit holder redeems Unit holder redeems Units soon after making purchases.

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. by providing necessary documents. 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. bank branch. The originals documents will be returned across the counter to the Unit holder after due verification. Further. the bank account information like bank account number. Unit holders are advised to provide their contact details like telephone numbers. 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. Redemptions / dividend payments. Reasonable procedures will need to be followed to assure 40 . 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). 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. 2. (In respect of (2) and (3) above. 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. The investor. In case of non-availability of any of these documents. Unit holders should without fail cancel the cheque and write ‘Cancelled’ on the face of it to prevent any possible misuse. the normal processing time as specified in the Scheme Information Document. 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 procedure for change in bank details would be as determined by the depository participant.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. Where such name is not printed on the original cheque. the MICR code of the branch & IFSC Code (where available). Investors must specify any one account as the “Default Bank Account”. may however. Unit holders are free to change their bank details registered with the Mutual Fund subject to adherence with the following procedure: 1. For investors holding units in non-demat mode. name. 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.com. mobile numbers and email IDs to HDFC Mutual Fund in writing. however it shall be within the regulatory limits. Payment to Alternate Payee The Mutual Fund may subject to compliance with such requirement as it deems fit and necessary may stipulate. specify any other registered bank account for credit of redemption proceeds at the time of requesting for the redemption.hdfcfund. the procedure as detailed below shall be applicable. 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. The Trustee reserves the right to amend the aforesaid requirements. they should be certified by the bank manager with his / her full signature. account type. 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. 3. if any. may not necessarily apply. Change in Bank Account For investors holding units in demat mode. employee code. if any. bank seal and contact number) 4.

GSR (381) E dated May 3. 2000. NAVs will also be displayed on the Website of the Mutual Fund on www. based on the Unit holders instructions. Notary Public. Bank Details In order to protect the interest of Unit holders from fraudulent encashment of redemption / dividend cheques. 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 Unit holder(s) would be liable for the loss resulting from a fraudulent encashment / payment to Alternate Payee. the NAV will be calculated and disclosed for every Business Day. 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. transactions which are not specifically prohibited under the Foreign Exchange Management (Current Account Transactions) Rules. 1999. C. branch.AMFI (www.m. SEBI has made it mandatory for investors to provide their bank details viz. PERIODIC DISCLOSURES Net Asset Value This is the value per unit of the scheme on a particular day. (ii) Remitted abroad or at the NRI investor’s option. It may be noted that there is no commitment from the Mutual Fund that this facility will be available to the Unit holders. The Sale and Redemption price of Units shall be published in two daily newspapers on a daily basis in accordance with SEBI (MF) Regulations. In case of any delay. Subsequently. of the next Business day. reserves the right to require an indemnity or verification countersigned by a Bank Manager. 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. which may result in delay in processing the application. credited to his NRE / FCNR / NRO account. 41 . 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. 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.00 a. Magistrate or any other party acceptable to it before accepting such instructions. etc. Mutual Fund shall issue a press release providing reasons and explaining when the Mutual Fund would be able to publish the NAVs. AMC shall update the NAVs on the website of Association of Mutual Funds in India . You can ascertain the value of your investments by multiplying the NAV with your unit balance. Pursuant to Government of India Notification No. If the NAVs are not available before commencement of business hours on the following day due to any reason. address. Information regarding NAV can be obtained by the Unit holders / Investors by calling or visiting the nearest ISC. that the Mutual Fund reasonably believed as genuine. The Mutual Fund. to the Mutual Fund. the reasons for such delay would be explained to AMFI in writing. However. 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. 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.hdfcfund.amfiindia.com.com) by 10. account type and number. the AMC will not be liable to pay any interest or compensation or any amount otherwise. The NAVs of the Scheme shall be published atleast in two daily newspapers on a daily basis in accordance with SEBI (MF) Regulations. 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. The AMC will not be responsible for any loss arising out of fraudulent encashment of cheques / warrants and / or any delay / loss in transit.that instructions from Unit holders regarding payment to Alternate Payee are genuine. in case the redemption / repurchase proceeds are not made within 10 Business Days of the date of Redemption / repurchase. ability of the Scheme to liquidate units of HGETF on the Stock Exchange(s) and/or directly into the Fund. name of bank. Applications without complete bank details shall be rejected.

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). The market value of these investments is also stated in portfolio disclosures. ^^ Note: 1. 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. MFD/CIR/1/ 200/2001 dated April 20. Provided that the statement of Scheme portfolio may not be sent to the Unit holders if the statement is published. 31st March each year). * including applicable surcharge. 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).445%* on distribution of income to any other investor. made by the Mutual Fund. 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. The disclosure of Portfolio shall be made in the format prescribed by SEBI in their Circular No. 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. Please refer to ‘Statement of Additional Information (‘SAI’)’.519%* and at the rate of 32. please refer to the clauses on ‘Taxation’ in ‘Statement of Additional Information (‘SAI’)’. education cess and secondary and higher education cess. Before expiry of one month from the close of each half year that is on March 31 and September 30. 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. 1961 (the Act). additional incometax is payable under section 115R of the Act. ^^ For details on taxation. by way of an advertisement. send to all Unit holders a complete statement of its Scheme portfolio. 42 . 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. in the case of its Schemes (other than equity-oriented funds i.e. The Mutual Fund shall before the expiry of one month from the close of each half year i.e. 2. 2000. if any. 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 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.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. 2001. On income distribution. The statement of portfolio shall also be displayed on the website of the Mutual Fund. These results shall also be displayed on the website of the Mutual Fund and AMFI. 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.519%* Others : 32. (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. March 31 and September 30. Resident Investors Mutual Funds Tax on Dividend Nil Dividend Distribution Tax (DDT) Individual / HUF : 13. MFD/CIR/ 9/120/2000 dated November 24.e.Half yearly Disclosures: Portfolio / Financial Results This is a list of securities where the corpus of the scheme is currently invested.

John Mathews. D. or such norms as may be specified by SEBI from time to time. The NAV of the Scheme will be calculated upto 4 decimals. Units will be allotted upto 3 decimals. 122. Fax number. if applicable. His e-mail contact is: jmathews@hdfcfund.00 a. 2nd Floor. Dinshaw Vachha Road. 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 . Head .Client Services can be contacted at Mistry Bhavan. 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.com under the section ‘Customer Care’ appearing under ‘Contact Us’. hdfcfund.400 020 at telephone number (Direct) (022) 66316301 or telephone number (Board) (022) 66316333. The Mutual Fund will value its investments according to the valuation norms. Investors can also post their grievances / feedback / suggestions on our website www. Mumbai . 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. if any) of the fund as on the valuation date. The Head Office of the AMC will follow up with the respective ISCs to ensure timely redressal and prompt investor services. 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. Subsequently.com Units of the Scheme.m. e-mail: cliser@hdfcfund. Mr. 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. since there are no specific references to Gold based units. and the distribution tax thereon. the NAV of the Scheme will be calculated for every Business day and announced by the next Business Day upto 10. Churchgate. (022) 22821144.com. if any. as specified in Schedule VIII of the SEBI (MF) Regulations.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). Computation of NAV will be done after taking into account dividends declared. 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.

New Fund Offer (NFO) Expenses shall be borne by the AMC / the Trustee Company. In accordance with the said circular. Please refer to the table below for details.com.000 and above will be deducted from the subscription amount and paid to the distributor/ agent of the first time investor.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. 44 . The total expenses of the scheme including the expenses of the underlying scheme shall be capped at 1. 2011 to deduct transaction charges for subscription of V 10. wherein the role of the distributor is vital. Registrar and Transfer Agents’ fee. 0. 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. 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.040 C. 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.010 0. transaction charges in case of investments through SIP shall be deducted only if the total commitment (i. the investor should refer to the website of the Mutual Fund viz www. 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). 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. dividend/ redemption cheques/warrants etc.e. of installments) amounts to V 10. amount per SIP installment x No.010 0. Transaction charge of V 100/. These expenses include Investment Management and Advisory Fee charged by the AMC. The current expense ratios will be updated on the Mutual Fund website on www.500 0. marketing and selling costs etc. The transaction charges shall be deducted in 3-4 installments.125 First Time Mutual Fund Investor Transaction charge of V 150/. depending upon whether the NAV of the scheme is calculated on daily or weekly basis will be charged to the Scheme as expenses.and above. For the actual current expenses being charged. the balance of the subscription amount shall be invested. The said transaction charges will be paid to the distributors of the Mutual Fund products. 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. (i) Transaction Charges for Lumpsum Purchases and SIP Investments received through distributor/agent Investor Type Transaction Charges 0. 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. Thereafter. shall be borne by the AMC or by the Trustee or the Sponsor. The expenses under any head may be more or less than as specified in Investor other than First Time Mutual Fund Investor However.050 0. 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. Cir/ IMD/ DF/13/ 2011 dated August 22.000 0. as given in the table below: The AMC has estimated upto 0. 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 .a.000/. The balance of the subscription amount shall be invested. which is currently the cap on the expenses of underlying scheme.com within two working days mentioning the effective date of the change.per subscription of V 10. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the Scheme.hdfcfund. printing and stationary.000 and above will be deducted from the subscription amount and paid to the distributor/ agent of the investor. NEW FUND OFFER (NFO) EXPENSES These expenses are incurred for the purpose of various activities related to the NFO like marketing and advertising. 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.IV.50% p. A.750% of the daily or weekly average net assets of the Scheme. Any expenditure in excess of the SEBI regulatory limits. B. 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.hdfcfund.for subscription of V 10. 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. bank charges etc. subject to the approval of the Trustee Total Recurring Expenses 0. of the weekly average net assets of the scheme.000/. registrar expenses.005 0.010 0. 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 table above.or more. has allowed AMCs vide its circular No.

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. transaction other than purchases/ subscriptions relating to new inflows such as Switch/ STP/SWAP/DTP etc. 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. after payment of Exit Load. 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. and the Sale Price will not be higher than 107% of the NAV. D.com) or may call at (1800 233 6767) or your distributor. and subscribing to the Units of the Transferee Scheme at Applicable NAV. no entry load will be charged by the Scheme to the investor. not through any distributor/agent). 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. 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. 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. an Exit Load of 1% is payable if Units are redeemed / switchedout 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 C) STP / Flex STP : Load Structure for investment through STP : Exit Load of the Transferor Scheme (i. please refer to the website of the AMC (www. an Exit Load of 1% is payable if Units are redeemed / switchedout after 6 months but within 1 year from the date of allotment. . 2009. (iii) No transaction charges will be deducted for any purchase/subscription made directly with the Fund (i. Load amounts are variable and are subject to change from time to time.(ii) Transaction charges shall not be deducted for : purchases /subscriptions for an amount less than V 10. LOAD STRUCTURE Load is an amount. 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. However. if any. For the current applicable structure. 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 .4/ 168230/09 dated June 30. 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. Entry/Sales Load: Not Applicable Pursuant to SEBI circular 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. Exit Load of the Transferee Scheme (i. will not be lower than 93% of the NAV. The Redemption Price however. 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. At the time of changing the exit load structure.hdfcfund.e. 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. 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. Any imposition or enhancement of Exit Load shall be applicable on prospective investments only. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment Under the Scheme.e. SEBI/IMD/CIR No.000/-. 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. 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. which is paid by the investor to subscribe to the Units or to redeem the Units from the scheme.e. 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. Similarly. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. 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.

2003. top 10 monetary penalties of foreign Sponsor(s) during the last three years. till further orders. or for defaults with respect to share holders or debenture holders and depositors. PENALTIES. 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. 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.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. if any) taken by SEBI in the last three years and/ or pending with SEBI for the violation of SEBI Act. In case of Indian Sponsor(s).e. In the said order. HDFC filed a Special Leave Petition (SLP) before the Hon’ble Supreme Court of India. if any. 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. WAIVER OF LOAD FOR DIRECT APPLICATIONS Pursuant to SEBI circular no. 2005 the Hon’ble Supreme Court of India was pleased to admit the said SLP . it has been directed that HDFC Asset Management Company Limited and Mr. Nilesh Kapadia. 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. if any. 2010. Also. 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. PENDING LITIGATION OR PROCEEDINGS. At a hearing held on April 21. V. against Sponsor(s) and / or the AMC and / or the Board of Trustees / Trustee Company. selling or dealing in securities. SEBI by its ad interim order no. estimated loss with the Trustees i. RIGHTS OF UNITHOLDERS Please refer to ‘Statement of Additional Information (‘SAI’)’ for details. 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. WTM/KMA/IVD/267/06/ 2010 dated June 17. None 5. SEBI/IMD/CIR No. VI. Therefore. arrived at with the aforesaid authorities during the last three years shall also be disclosed. pursuant to which the Hon’ble High Court set aside the said order and remanded the matter to SAT for fresh hearing and review. Nilesh Kapadia will jointly deposit R 238. 11(4) and 11B of the SEBI Act. or for economic offences. The penalty levied by SEBI on HDFC for delay in intimating the acquisition of shares of Hindustan Oil Exploration Company Limited. or being associated with any intermediary or entity registered with SEBI. (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. The matter is now pending before the Hon’ble Supreme Court of India. HDFC Trustee Company Limited. or for violation of securities law. 1992 has prohibited Mr. 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. (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.hdfcfund. Details of all enforcement actions (including the details of violation. for irregularities or for violations in the financial services sector. SEBI states in its order that Mr. 4. Details of settlement. 3. Aggrieved by the order passed by SAT. under Section 19 read with Sections 11(1).40211 lakhs. in compliance with the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. com. the procedure for waiver of load for direct applications is no longer applicable. pursuant to which the Hon’ble Supreme Court of India was pleased to issue notice to SEBI in the matter. 1997 had been set aside by the Securities Appellate Tribunal (SAT). None 2. Aggrieved by the impugned order passed by the Hon’ble High Court. SEBI filed an appeal before the Hon’ble High Court at Mumbai. details of all monetary penalties imposed and / or action taken during the last 46 . 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.4/168230/09 dated June 30. 2009 no entry load shall be charged for all mutual fund schemes. 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. 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. Dealer (Equities) and Key Employee of HDFC Asset Management Company Limited from buying. three years or pending with any financial regulatory body or governmental authority.

2. 2011. 2011 3. 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. The Scheme under this Scheme Information Document was approved by the Trustee vide Circular Resolution passed on March 15.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. 4. None Notes: 1. 47 . For and on behalf of the Board of Directors of HDFC Asset Management Company Limited MILIND BARVE Managing Director Place : Mumbai Date : September 12. Notwithstanding anything contained in this Scheme Information Document. 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. 1996 and the guidelines thereunder shall be applicable. the provisions of the SEBI (Mutual Funds) Regulations. or notified by any other regulatory agency.

No.110 001.403 601. 63/2.396 195. Immadisetty Towers.518 004. Heena Arcade. N. 3rd Floor. 7-27-4. Shimla . 3rd Floor. Brodipet. GIDC. Casa Marina Shopping Centre. • HARYANA : Opposite PEER. H. S. Adam Bazar.226 001.396 001. Noida . Shri Lok Complex. Off C G Road. Ruturang Bungalow. Dr. Above Weekender. Sector 14. Sector . Faridabad . Opp. Kolkata . 215-216. Shop No . Puram. Amodi Complex.210.362 001. • GUJARAT : No.560 042. Old Bus Stand. Akkamahadevi Samaj Complex. Nehru Ground. Church Road. 1/5.834 001. Munjal Complex. Tirumala Bye Pass Road. Behind Ashok Nagar Police Station. Opp. • KARNATAKA : 1st Floor. Ananthapur .580 029. Panipat . • CHHATTISGARH : 209. 1st Floor. 1st Floor. Bhuj . Ground Floor. (CAMS). Mankammathota.575 003. 1st Floor.361 001. Behind Commercial Automobiles.641 002. Mumbai . Sector -16. Junagadh . Bank More.760 001. N R Peta.14. Office No. Near Valia Char Rasta.18. VIII / 411. 1st Floor. 4. • BIHAR: G-3.682 035. Lord Sinha Road.134 003. Near Hanuman Temple. Santhapet. 7/1. Ambala City .751 001. Mansukhlal Tower. 64/5871 – D.395 001. Opposite Income Tax Office. Kochi . These ISCs will be in addition to the existing points of acceptance at the offices of HDFC Limited / HDFC Asset Management Company Ltd. Vadodara . • PUNJAB : Deepak Towers. P. Kailash Complex.842 001.492 004. 17. Malayala Manorama. . Akola . Road. 206. Station Road.756 001. Kakinada .678 001. Opp. Raipur . 1st Floor. 1st Floor. Alankar Complex. Gokhale Road. 1st Chopasani Road. M. Off No.7-1-257. Visakhapatnam . D. Khichariya Complex. Boligala Complex. Mettupalayam Street. • ORISSA : B. Lashkar Bazaar. Warangal .33-1. Jade Arcade. 1st Floor.132 103. Bokaro Steel City. Club Road. Off R. Kharvel Nagar. Upstairs S. Kurnool . 45. The Mall. Aurangabad . S.530 016.769 001. Allahabad Bank.695 004.360 311. 221/2A/1B. • MEGHALAYA : LDB Building. Halar Cross Lane. HDFC Liquid Fund . Urmila Towers. 1st Floor. Office 207 .108. 117 / A / 3 / 22. 14/435. • ORISSA : Plot No. Lane Opp. Coimbatore . Alkapuri. These Transaction Points will be in addition to the existing points of acceptance at the offices of HDFC Limited / HDFC Asset Management Company Ltd. Trivandrum . • BIHAR : Krishna. Prakasam District. Opp. South Tukoganj.400 023.205. Shop No: 8.C-Scheme. 1st Floor.425 001.Premium Plan and Premium Plus Plan and HDFC Cash Management Fund .827 004. Road. 8. Park Saroj. Opp. Phase II.411 004. Cuttack . Juna Bazar. Bandi Subbaramaiah Complex.396 445.Behind Shabari.16. Ellis Bridge. Gwalior . 47/ 9 / 17.793 001. CH. Shop No. Davangere . No. R. Bus Stand. Shillong . Ranchi .516 001. No. • JHARKHAND : Mazzanine Floor. 70. Complex. Shop no. Nirmiti Eminence. Opp. Gandhi Nagar Main Road. Near Vasant Talkies. 1st Floor. Phase-II. Muzaffarpur . Near Metro Station. M. Nasik .403 001. 43/8. Kailash Vihar City Centre. Indian Coffee House).364 002. New Delhi . Vijayawada . 2nd Floor.G. Chimnabai Road. M. Sreedevi Residency. 1st Floor. . Nalanda Chambers. R. Jamshedpur . Behind ICICI Bank. A P Towers. “B” Wing.380 006. Athwalines. Power House Road. (New Complex. • JAMMU & KASHIMIR : JRDS Heights. Ayodhya Towers. G. Near Traffic Lights. • MAHARASHTRA : Ground Floor. Door No: 3/1718. 12.444 601. 83. 1st Floor. Hotel Ashoke. 111. Valsad . Kozhikode . Annanda Chowk. Ankleshwar . Near Panchsheel. Municipal Bldg.360 001. Satara . Guwahati . Gulf Air Building. Berhampur . Jodhpur . Office No. Talap. Hazratganj. Global Apartment. 49. 3rd Floor. Dhiraj Sons. Bhavnagar . Cross Junction. Opp. Bokaro . Jawaharlal Nehru Street. HDFC Bank. Beach Road. Margao . P. Jaipur . ‘B’ Block. Near Leela Mahal Circle. 1st floor. Devi Lal Shopping Complex.O: Model Town.517 501. P J Extension. Abhishek Hotel. Near Indian Overseas Bank. Main Road. ANDHRA PRADESH : 208. Bank of Baroda. Shukrawar Peth. Parvati Nagar Main Road. 1st Floor. Cantonment Road. Green Park. Sambalpur .H. Naupada. B. Kodambakkam High Road. Opp. S-4 Ground Floor. Patna .691 001.B / R. Ganesh Petrol Pump. Opp. III Floor. Near Ravi Sankar Hotel. Centre Court.533 101. Kanchenjunga Building. Off College Road. 178/10. 124 . Hotel Prince Station Road.670 004. Panaji. 29/97G. Near Pagoda Resort. Mehsana . Rice Bazar (East).201 301. Registrar & Transfer Agents of HDFC Mutual Fund. Pallavi Towers. Opp ABN AMRO Bank.Town High School. Godavari Colony.462 011.124 001.111. G. NIT. New Market. M. 20-21 ( Ground Floor ). Mangal Bhawan. Opp.522 002. B-20.171 001. 6. Dutt Road. Opp. Chennai . R-7. Bye Lane No 1. 103 Aries Complex. (Investor Service Centres for HDFC Mutual Fund). Hubli . Pakhowal Road. Deoghar . T.768 001. 1st Floor. Unit 3. Ground Floor. 7th Main. Thiruvalla . # 13. Delhi Road. • ASSAM : Old Post Office Lane. Pattom. Ludhiana . Park Road. Hanamkonda.. Ground Floor. Railway Station Road. • GOA: No.814 112. Wing-A. Opp. Manek Centre. Urban Bank Road. Room No. Uppini Arcade. Ground Floor. New Ramdaspeth. Panchayat Bhawan Main Gate. 100. 5. Anand . 3rd Lane .415 002. • JHARKAND : Millennium Tower. Bus Stand Road.686 001.. 10 / 688. 81. Head Post Office. Behind Lal Bungalow.474 011. Chungom. Nagpur .688 001. Nagar. Hisar .180 004. SP Verma Road.135 001. Road (North). List of Investor Service Centres (ISCs) of Computer Age Management Services Pvt. Jamnagar . SCO 154-155. City Centre Sector 4. S. Ltd. 30. IInd Phase. • MADHYA PRADESH: Plot No.342 003. Kollam . Baruvari Street. Beside Seventh Day Hospital. F13. Alleppey . 101. • HIMACHAL PRADESH : 1st Floor. Near VLC. HB Road No. Hotel Palm Grove.431 001. Behind Big Bazar. Kundagol Complex. • GUJARAT: 402-406. Upstairs.City Centre. Hazaribagh . • PONDICHERRY : S-8. 2-C / 2-D. M.3. T. Mumbai Samachar Marg. Ranganayakulapet Road. Bhopal . Goa . S&S Computers.208 001. 44 Sri Sathya Complex. Old Colony. • KERALA : Building No. Subhadra Complex. 3rd Floor.440 010. Bangalore . 1st Floor. Sargam Apartment. Opp.495 001. Devendra Nagar. Near ICICI Bank.14. Kuvempu Road. Rajkot . Everest Building. Plot No-629. 5/1.781 008. Gulsham Tower. Civil Lines. Kadri Main Road. Tirupati Tower.400 602. Nethravathi. Besides Bharathi Junior College. Room No. Thrissur . These ISCs of CAMS will be the official points of acceptance of transactions for schemes of HDFC Mutual Fund except Liquid Schemes/ Plans viz. 2nd Floor. 2. Tel. II Floor.18J. Building No. Nagar. Secunderabad . Char Rasta. Gurudutta Bldg.Savings Plan & Call Plan. G. LIC Building.125 001. Kadri.C. Near Boys Town School. Station Road.506 001. Navipeth. Kanpur . I Floor. Bilaspur .D. Municipal Market. BVSS Mayuri Complex.533 001.122 001. SCO . 101.393002. Near Lily Garments.107 108. Indore . Ground Floor. Karimnagar . Near Gundala Gate. 1st Floor. C-23. Registrar & Transfer Agents of HDFC Mutual Fund. Above Indian Bank. Waghawadi. No.515 001.505 001. 2nd Floor.Mavoor Road.812 002. Jabalpur .500 003. Sector 1. Rohtak .577 201. Gondal . List of Transaction Points of Computer Age Management Services Pvt. Palakkad . 1st Floor. 1st Floor. Near Pangal High School.422 005. Shastri Maidan.413 001.CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (FOR NFO PERIOD AND ONGOING TRANSACTIONS) A. Varaha Complex Building.826 001.577 002.689 101. Barakhamba Road.673 016. Rao & Ratnam Complex.I. Solapur . Behind Anupam Sweet House.825 301. Jammu . 2 B. Near G. 2nd Floor. Pune .680 001. 18A. 305-306. 1st Floor. Opp. Near Gutti Nursing Home. Road. Guntur .570 009. Tilakwadi. Above IDBI Bank. Kannur . Near Nehru Nagar SQ.524 001.600 034. Ittoop’s Imperial Trade Center. Durga Asthan.C. Amaravati . Vapi . Om Vihar Complex.F -56.26.490 020. Public Garden. F-4. Near 2nd Railway gate. B/H Sardar Gunj.370 001. (Investor Service Centres for HDFC Mutual Fund) ANDHRA PRADESH : 15-570-33. Near Chennupati Petrol Pump. • RAJASTHAN: G-III. • KERALA : Door No. 205. R.482 001. ‘C’ Block 48 . 126 Siddheshwar Peth. Limda Chowk. Near Kamat Milan Hotel. Near Mahadev Cinema. Kalyani Tower. Beside HDFC Bank. Court. Sector 17-C. Prince Market. Rourkela . Central Tower. Opp. Opp. First Floor. Room No. Balasore . Yudhisthir Marg . 1. Sansarak. Tirupathi . Chandigarh -160 017. (CAMS). Link Road. Near Choksi Bazar Kaman. Office No. Kochupilamoodu Junction. No. S. Bhagalpur . 52. Opp. Jalan Road. • MAHARASHTRA : Opp. 5-38-44. Jalgaon . Erandawane. Lokmanya Street (West). Old. 1st Floor.Near RBI Building.( 08592) 322707/08D. No. Office No. Lucknow . 103-Harekrishna Complex. Krishna Complex.302 001. Road. Station Square. 1st Floor. Vaccine Depot Road. Marg. Upstairs of Aroon Printers. • UTTAR PRADESH: 106 . Bhilai . 1st Floor. • TAMIL NADU : 66. Fort. Navasari . Mala Math. Bistupur. Nellore . Gola Road. • WEST BENGAL : Lords Building. R. G 4 & 5.121 001. Kottayam . No. Labbipet. C. Yamuna Nagar . RLT Science College. Dikensen Road (Next to Manipal Centre). Shalimar Corporate Centre. Thane (W) .800 001. P. Model Town. Opp. No. Sen Road. 1st Floor. Red Square Market. Rajabahadur Compound. Mysore .B. 18-8-41B. H. Opp. Off# 4. 2. B-49.583 101.753 001. Opp.452 001 • NEW DELHI : 304-305. Ahmedabad .390 007. BPC Road. Nungambakkam. • KARNATAKA : Trade Centre. Nirmal Tower.416 001. Arayidathupalam. Rajahmundry . Gita Nivas. Inland Monarch. Nanak Nagar. Kolhapur . Mehandale Garage Road. 8-B.831 001. 217/218. Ltd. S. Belgaum . Thekkummoottil. Raja Reddy Street. Sarabha Nagar Pulli.Devpath Building. Shimoga .444 001. A Wing. Circle Chowk. 10. 204 . Datt Towers.384 002. Opp. Kadapa . Bellary .141 002.605 001. 3rd Floor. Zone II. Door No. P. Bldg No. Napier Town. Brahman Toil. 4th Floor . Paradise Circle. 9/756. Dinesh Vasani & Associates.Road. Bal Bhawan Road. Pondicherry . Rehabari.: KMC IX / 1331 A. Karnataka Bank.700 071. Ground Floor. Opp. Dhanbad . Opp. 5th Cross (Above Trishakthi Medicals) Saraswati Puram. 145 Lendra Park. Flat No 109. • MADHYA PRADESH : G-6. HDFC Liquid Fund.O. 2nd Floor. Caster Town.388 001. G. 40-1-68. • GOA : Virginkar Chambers. Mangalore . C C N B Road. No. 1st Floor.590 006. Dwaraka Nagar. Gurgaon . Omkar Complex. • PUNJAB : SCO . Road. Next to Nathwani Chambers. Bhubaneswar . P. Sterling Point. 1st Floor. Surat .520 010.

A.A. Bhusawal .516 360.635 109. • UTTAR PRADESH : No.244 001.284 001. Mutt Street. Kestopur. Opp.424 001.415 639. Chidambaram Nagar Main.1 .229 001. Amritsar . Stand. 63. 171-E. Opp. Maruti Complex. Pathankot . Lakshmi Vilas Building. Nainital Road. Jabalpur Road. Hospital Road. Kunjapura Road. Opp. Near Scholar’s School. 313. Eluru . Station Road. 1st Floor. • BIHAR : Shahi Complex. Opp. (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. Yavatmal . Sanjay Place. Benta.248 001. Hapur Road. Maruti Tower. 1st Floor. Saraswathi Nagar. Malda . 123.385 001.441 601. Sheshaiyer Complex. Market Yard Road. • MAHARASHTRA : 203-A.N.721 301.362 265.334 001. Next to Kumatagi Motors. CAMS AS THE OFFICIAL POINT OF ACCEPTANCE FOR ELECTRONIC TRANSACTIONS : CAMS. • MADHYA PRADESH : Office No.413 531. 3rd Floor.612 001. TP No.173 212. • TAMILNADU : Ground Floor.132 001. 126 GVP Towers. Sonepat . II Floor. Deesa Road. 17. Gwalior Road. • HIMACHAL PRADESH: 1st Floor. Lohanan Mahajan Wadi. Udaipur . Shop No. Work Shop Road. Near Amber Hotel. Kumbakonam . Above YO Bikes.392 001. Shop No 3. Ist Floor. Registrar & Transfer Agents to HDFC Mutual Fund having its office at Rayala Tower. 148. D. Opp. Shop No. Opposite T B Hospital. 156A / 1. Srinivasa Theatre. Abani Dutta Road. Bothra Complex.387 001.483 501. Registrar & Transfer Agents of HDFC Mutual Fund.713 101. SCF 17. Jain Nagar. 3.518 501. Ground Floor. Laheriasarai. 1st Floor. Kohinoor Complex. Namakkal . Indraparshta Tower.A. Near Indoor Stadium. Himmatnagar . (Near Railway Station).312 001 • TAMIL NADU : 16A/63A. New Lal Bagh Colony. Additionally.741 235. Siliguri .13. Wardha . 19.6. P C Chatterjee Market Complex. No. Tirunelveli . TNEB Office. B-612 ‘Sudhakar’. Ratnagiri .480 001. J. Opp. Besides Ramakrishna Ply Wood. Krishna Complex. 209 . Near Basaveshwar Circle.145 001. 108. 1793 / A.734 001.576 104. New Fairland. AA 101.263 139. secured internet sites operated by CAMS will also be official point of acceptance. 2nd Floor. Pillaiyar Koil Street. Alwar . Ushagram. Chittorgarh . Strachey Road..62. Sagar . Purba Medinipur District. Eagle Book Centre Complex. Roorkee . Hakimpara. Shivaji Putla Road. Gandhidham 370 201. F-62.457 001. Near Natya Theatre.485 001. Pushpak Plaza. Near Tower Garden. Adjoining TATA Indicom Office. Guru Amar Dass Market. Arya Nagar.700 101. 1st Floor. 423/30.416 416.250 002. 29/11. Swamiji Sarani.846 001. Vivekanand Street.600 002. Butler Plaza Commercial Complex. Thuraipakkam. Agraharam Street.Near Sanki Rest house.22A. 2. Modern Market. Ground Floor. Vikas Bazar. Dr. Skylark Ground Floor. 1st Floor. Road.414 001. 1st Floor.507 001. 4 . Ujjain . 367/8. Hakim Plaza. Tiruppur . only. Meerut . Starting Point. No. Binny Compound. Office. Philips Complex. 2nd floor.470 002. P. B R Marbles. Opp. Kumaran Road. Railway Feeder Road. 302. Haldia .: 52. O. 2nd Floor. A. Pushpam. Ground Floor. Srinivasa Complex. Varanasi . 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. Gulbarga . Anand Plaza Complex. Srikakulam . No. Jaipur Road. Shivhare Niketan. Wadhwan City. 1. Nandyal . Near Pachayappas High School.585 101. Nanded . 8. Near Zilla Parishad. Darbhanga . Ground Floor. 1 (1).503 002. Shyam Ki Sabji Mandi.639 002. Opp.732 101. Azad Road. Sangli . Tanjore . Birla Road. Bijlipura. A . New No. Old Govt.Old Mahabalipuram Road. 86/71-A. 1st Floor. Kalyani .73. Chowk Bank Road. • GUJARAT : F-108. Hoshiarpur .360 575. Above Bicholim Urban Co-op Bank Ltd. Rangoli Complex.523 001. Maldhaiya.641 601. Shop No. Grain Merchants Association Building. Sreeramula Peta. Near GPO.M. Opp. Nanakumbhnath Road. Andheri (E). Khanna . Bhagwanganj.202 001. Manipal . Ropar . D. Mathura . Dehradun . 1st Floor.759 122. 8. (CAMS). Ahmednagar . Station Road. Dr. # 5-6-208. Ghaziabad . Sreeparna Appartment. D. Block . Tamil Sangam Road. Dutta Road. Hathi Gate. 35. Diwan Niketan. 1st Floor. IInd Floor. B-33 ‘Kalyan Bhawan’. Advisor Chowmuhani (Ground Floor).713 216. P. Sirsa . 2. 5. 38. Ltd.Premium Plan and Premium Plus Plan and HDFC Cash Management Fund Savings Plan & Call Plan. Salem . Trichy .721 602. 12/178 Behind Congress Committee Office. No. HDFC Liquid Fund.638 001. 8. • WEST BENGAL : Block . Chhindwara . 8 / 239. 1st Floor. Near Kamdar Petrol Pump. Konjetti Apartment. Room No. H. Jhansi . Proddatur . Somani Automoblies. Saharanpur 247 001.281 001. 158. 3. Nizamabad . Opp. 1st Floor. Shop Nos. Mano Prema Complex. Plaza.7. CF-8. 30/2.211 001. Ravi Kiran Complex. Durgapur . Shrotri Hospital.627 001. • PUNJAB : Near Archies Gallery. 13 . Guptha’s Paradise Ongole . 18 L Block. Allahabad .151 001. Opp Lane of Hotel Kalinga. Near Kamgar Kalyan Kendra & B. Satta Bazar. Main Road. • UTTAR PRADESH : Office No. Opp. Christian Mohala. A&B. Jamia Shopping Complex. Near Mehta Colony.54.I. Near Old District Hospital. Madurai . • RAJASTHAN: 187 Rana Sanga Market. Palayamkottai Road. Gorakhpur . Ground Floor. 10.C. Chennai . 64. 36 (Basement).. Near Mukharji Garden. New Market Complex. D. Tuticorin . 1st Floor. Kota . Near RB Memorial hospital. Shop No. Agartala . Kolhapur District . Erode . Solan . Veraval . GT Road. Scheme No. Jalandhar .144 001. Near Railway Crossing. “Dwarakamayee”.636 016. Besides Hotel Pankaj. 2nd Floor. S. Ist Floor. Tinsukia . City Bus Stop. Khammam . and 3 p. 256 .4 . C 27/249 .532 001.213. SM Pally. 1st Floor. Ahinsapuri. Babu Lal Karkhana Compound. I Floor. Second Floor. 159 / 160. Ground Floor. Income Tax Office.1. Asansol . Harikrupa Towers. Lajpat Nagar.324 007. Burdwan . Palanpur . Opp. Trichy Road. C. 3. Raman Cycle Industries. Pidamaneri Road.799 001. • RAJASTHAN : AMC No. • UTTARAKHAND: 22 Civil Lines. Ajmer . 1112. Srinivasa Nagar.261 001. Ramachandra Rao Peta. Basement of Axis Bank.335 001. 1. Civil Lines. Opp. Bhatinda . Court Road.626 117. Vellore . Near Pant Stadium. Door No.m. Wyra Road. Old Court Road. Radhakrishna Vasahat.G. No. J. These LTPs will accept transaction / service requests from Monday to Friday between 12 p. Shop No. Near Railway Station Crossing.456 010. Karur . Cantonment.146 001. First Floor. Near Baburao Petrol Bunk. 399.613 009. Shop No. Rae Bareli . Mutha Chambers. JaIna .587 101.247 667. Andhra Bank Lane. 1st Floor. Above Mustafa Décor. Trade Centre. Near S. Unjha . Nadiad .713 303. Gurjeet Market. Adjacent to Idea Show Room. Pal Complex.Vallabh Nagar.301 001. Ichalkaranji. Civil Lines. Opp. Howrah . Jailani Complex.311 001 F 4. Mahesh Unnai Hospital. 967. Siddhi Vinanyaka Trade Centre. Opp. West Main Street. Kharagpur . Arya Nagar.201 002. Shri Ram Market. Rambandhu Talab. Cross Road. Jail Road.. Station Road. Kolkata . Jaunpur-222 001. Upper Ground Floor. Angul . Syndicate Circle.632 004.403 802.600 097. Kasturba Road. 1. Near Church. Highway Road. Behind Techoclean Clinic. HDFC Liquid Fund . NH 7.313 004. 1st Floor. Opp. Thillainagar. Near Vinayak Party Plot. Katni . Bharuch . Adelade Apartment. Gondia . Kumar Nursing Home.534 002.T.125 055. Suvidha Complex. No. PP Tower. Near ICICI Bank. Near Old Court.416 115.431 605.221 002. Faizabad . Chandrapur . 2 M I Park.637 001. Ram Bagh. C. II Floor.628 008. Seth Vimal Chand Jain Market. 1st Floor. Saheed Park. 1-A/25. • KARNATAKA: No.620 018. Bareilly .403 507. H. Bikaner . Sri Ganganagar . Besides Vishal Mega Mart. Door No.) Ranjit Avenue. No. Shop No. 7. 5. Vivekanand Nagar Colony. DU 8. Shop No: 11 . Gurudwara Diwan Asthan. Shimla Pahari Chowk. Opposite Pandey School. Gali No. Durgachak Post Office. Dhangu Road. Civil Lines Station.272 002.383 001. Vodafone Store. Saraswathi Type Institute. Porbandar . Super Market. 2907 GH. financial institutions.425 201. 49 . Ward No. Karnal . Near LIC. First Floor. 8. Opp Bata Showroom. Latur . Shivam Plaza.140 001. Shri Talkies Road. High Road. Ground Floor. Royakotta Road. Fatehpura Circle. Anna Salai. Ratlam . 18.363 035. Kanchipuram . 182/6. Haldwani . Near Arya Kanya School. SBI Credit Branch. Vypari Dharm Shala. Thottapalayam.282 002. City Plaza Building. City Enclave. 34/1/76. 70. Above Sharma General Store.147 001.: 23 B . Durga City Centre. to District Registrar Office. Dharmapuri . Opposite Eves Cinema. G T Road. Brahampuri. V. Amardeep Talkies Road.422 402. Firozabad . • ASSAM : Sanairan Lohia Road.242 001. • TRIPURA : Krishnanagar.142 001.127 021. Office No. Business Point. Road. Fort Road. M G Road. City Mall. Gagananchal Shopping Complex.224 001.786 125. Behind Gulshan-E-Iran Hotel.273 001.1/50. Parasia Road. Zail Singh Nagar. Nari Shilp Mandir Marg. 37. Triangle Part . Opp. 6. Daxhinapan Abasan. Sitapur . Shahjahanpur . New Durga Bazar. Hotel Suruchi. Tilakwadi. 2nd Floor.442 001. will be the official point of acceptance for electronic transactions received from specified banks. • HARYANA : 24-25. Prafulla Kanan. Satna . Bargawan. 8th Cross West Extn. Opposite UCO Bank. ANDHRA PRADESH : Door No. 2nd Street.2 31/3. Chennai . Ward No. etc. 10/11. Near Commerce College. Basti . Bharat Nagar.283 203.384 170. • GOA : Office No. List of Limited Transaction Points (LTPs) of Computer Age Management Services Pvt. Angod.228 001 • WEST BENGAL : 2nd Floor. Anand Nagar Complex. Hotel Krish Residency. Ramghat Road. Balajinagar. City Centre. Navyug Market. Rajapalayam .131 001. Old Connaught Place. Bank of India Building. Moradabad .431 203. Palakonda Road.243 001.B. Opposite of Talk of the Town. Agra Gate.m.305 001. Salkia. Hosur . Ground Floor. No. Krishna Nagar. Raj Mohd. Nachane Road. 32. Complex. Opp. Near Bangalore Bakery. 59A/1. • UTTARAKHAND : • UTTARANCHAL : 204/121.141 401.R Avenue. Mapusa . Shrinagar. Bagalkot .The Mall. Bhiwani .400 069. No. 1st Floor. Malancha Main Road.625 001. Central Town. Kovai Road. No. Hansi Gate.636 701.711 106.: 62 & 63. Okkiyam. 47. Mumbai . Office No. Kolkata . 1st Floor. Old Vasant Talkies. Above Dr. Vallal Pachayappan Street. Jyotindra Industries Compound. Moga . Patiala . Aligarh . 15.700 012.CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (contd. Sultanpur .143 001. Shop No. Near Jetpura Gate. Vasco da Gama . Agra . Bhilwara . Surendranagar .631 501. Dhule .445 001 • ORISSA: Similipada. D-78 First Floor. 113/6 I Floor. 248.

: (0761) . Zone-II.364 001.360 001. Aurangabad .492 001. Samarth Nagar.U3. 99 & 100. Mumbai . Fax : 0261 . Borivali (W). Bank More. Tel. Tel.590 002. Palghat . New Dak Bunglow Road. 1st Floor.: (0761) . 1st Floor. DELHI : HDFC AMC Limited. Tel.4049800. Near Vanijya Bhawan. Tel No: (08192) 250 240 / 241 / 242. Tel No: (0832) 2513 402 / 406. Sector 15A.680 005.585 101. 18-2-299/B. Padre Jose Vaz Road.: (0891) 2738728.384 002.2200747. HDFC AMC Limited.54 Fax : (0124) 2560455 HDFC AMC Limited. M2 & M3. Davangere . Fax : 0484 . KARNATAKA : HDFC AMC Limited. Panaji . HDFC AMC Limited. HDFC AMC Limited.6621150. G.121 001.6621110 / 20. Vijayawada-520 010. Bangalore . HDFC AMC Limited. Ground Floor.: (0891) 2769636. Katira Complex. HDFC AMC Limited.482 002. Tel No. Surat . Fax No: (0641) 2300391. Bistupur. Jamshedpur . Tel No. HDFC AMC Limited. HDFC Asset Management Company Limited. 1st Floor. Tel No. Cinema cum Commercial Complex. Connaught Place.695 014. Tel No. Tel: (0497) 645 0489 / 276 2044 / 2045 Fax: (0497) 2762046.3988029. Tel: (02762) 302000. 2nd Floor. Fax : (0231) . Fax : 080 . 2nd Floor. Beach Road.431 001. 1st Floor. Tel. Rajendra Estate.2. 1st Floor. Waghawadi Road. Nirala Bazar. Fax: (0832) 2253465. HDFC AMC Limited. Fax : (0278) . Behind Ravipuram Bus Stop.2357707 / 8. South Block. Opp. Athwa Gate. M. Ground Floor.3982060. HDFC AMC Limited. Kollam . # 145. Tel: (0240) . Tel No. 1st Floor. 4th Cross. Kolhapur . Vadodara . Fax: (022) 26241131.: (0651) 3242077.: (0751) . Maruti Sharanam. Fax : (0260) 3983908 HARYANA : HDFC AMC Limited 1St Floor.673 001. Super Market.583 103. Pereira Chambers. No: (0866)-3988029. Fax: (0495) . Shop No. Fax: (0240) . 1st Floor. Ground Floor. Edcon Centre. HDFC AMC Limited. Tel No: (0124) 2560 450 . Churchgate. HDFC AMC Limited. Tel. Fax : 0824 – 4285336. Royal Prestige.: (0471) 3983 730 / 731 / 732 Fax No. G. Tel No: (0260) 3983900. MADHYA PRADESH : HDFC AMC Limited. Race Course Road. Bhuj . Tel. Fax No: (0474) 2752073. Near Andamukkam Bus Stand.826 001. Fax : 0265 . HDFC AMC Limited. P N Marg. HDFC AMC Limited. Ahmedabad . Tirupati . Tel No. TA .2426730 / 2435791. 14/868. ASSAM : HDFC AMC Limited. 0824 – 4285337 / 33. Bharuch .570 009. Mistry Bhavan.2425609. M. Opp. Gayatri Enclave.: (0471) 3983738. Kasak Circle. Mezzanine Floor. R. 6-3-883/7. C1/C9. Raja Peth.T Road. Jamnagar . 1175 B Royal 1. Tel. 3243058 / 59. Visakhapatnam . Ground Floor.682 016.: (0651) 6003358. Vivekanand Road. 2nd Floor. Shreemangalam Complex. HDFC AMC Limited. Krishna Building. Leela Mahal Circle. Nicholson Road.670 004. 1st Floor. KMC. Margao .: (0326) 3205352. Churchgate. 3rd Floor. First Floor. C/o Hera Enclave (Adjacent to Sahara Unique Showroom). Dr. HDFC AMC Limited. 1st Floor. Besides GRUH House. IInd Floor. Fax No: (0481) 3018397.388 001. Mapusa . A-3. : 0265 . U1 . 1.S. Bellary . Mangalore . Abhishek Building.: 0731 .110 001. MG Road. HDFC AMC Limited. Mysore . Keshav Complex. Bahu Plaza. HDFC AMC Limited. Chala-Vapi Road. : 079 – 40050055 / 66. Fax No. Tel. Jolly Plaza. Revankar Comforts. KERALA : HDFC AMC Limited. Saigopal Arcade. 2nd Floor.: (0257) 3982100/ 01.6624881 / 82. Main Road. First Floor.4066060. 2nd Floor. Tel: (011) 6632 4000. Sapphire Building. BIHAR : HDFC AMC Limited. 7.380 009. Mumbai . Hanmakonda.812 002. 5. Ground Floor. 3rd Floor. Vazhuthacaud. Gurgaon . : 0832 .: (0191)-2477911/12/13 / (0191) 2474297/98/99. Nakkala Gutta. 60 ft Road. 2nd Floor. No. Ranjeet Tower. Main Road.560 025. Mumbai . Rajarampuri Road. First Floor. Rajesh Building. 5-B.370 001. Civil Medical College. CHHATTISGARH : Ground Floor.: 040 . Tel: (0495) .361 001. Opposite Daxinamurty School. Malleshwaram. Opp. Telephone Exchange. Mitralaxmi Narayana Arcade.392 012. 2301756. Fax : (0264) 2227206. Fax : (0288) .: (0361)-2464759/60.416 008. HDFC AMC Limited. RTO Circle.12A. Tel : (0832) 2737410 / 11.678 001.51125255.580 029. Tel No: (02832) 223 223. Sreeleathers Showroom.1C. Bangalore . Cross Road # 1. Fax No: (08192) 250243. Bhavnagar . Bangalore . Opposite Nandbhumi Party Plot.66580211. HDFC Asset Management Company Limited Second Floor.403 001. G. Ranchi. Warangal .462 011. 2-5-83/84 1st Floor. JAMMU & KASHMIR : HDFC AMC Limited. Plaza. Renuka Commercial Complex.452 001. Fax : (0257) 3982114. HDFC AMC Limited. 15-18. Omkareshwar Road. Fax : 022 . Opposite YMCA. Indore . Upper Ground Floor. 946 HDFC AMC Limited.400 020. Gandhi Nagar. Bardez. Kaniamparambil Arcade. HDFC AMC Limited. Tel : (0231) . Mumbai .474 001. Plot Corner. Fax: (02762) 302020. Tel No: (0831) 4206 915 / 916 / 918.530 003. Maximus Commercial Complex. Dr. Fax No: (0836) 4252 290 HDFC AMC Limited. Andheri (W). Shastri Road. Tel No: (0481) 2309 759 / 760 / 761.: (0491) 2548 302 / 6452 185 / 186 / 188. No. 3rd Floor. Fax: (022) 32719222. 2nd Floor. 1st Floor. P. : 0261 – 2460082 / 83. Tel : (02692) . 1st Floor. Backbay Reclamation. Vasco . HDFC AMC Limited.560 034. Road. Dutt Road.3984039.390 007. Tel: (08472) 399910 Fax: (08472) 271041. 1 & 2. : 022 60006767. UG-II. Kavya Ratnavali Chowk. Fax No. Tel No. First Floor. Thycaud P. Fax No. No. : 080 . Opposite Bellary Gas Agency. Angod. Fax: (0180) 3985403.117. Opp. HDFC AMC Limited**. Opp. Gandhi Circle.831 001. Third Floor. Tel. Anand . Tel. 1st Floor.: 0657 .3982426. Gangotri Plaza. Premises. 5. Fax : (02692) . Megha House. Light House Hill Road. : 022 – 66316333. Premises No.3988029.400 020.500 282. Fax No. Siripuram. Fax : 022 – 66580200. Telefax. Raja peth Police Station. Residency Road. GOA : HDFC AMC Limited. Irla Bridge. Mathura Road. HDFC AMC Limited.2 & 3 and First Floor. Ambedkar Road. G.V. Bhagalpur . Anand-Vidhyanagar Road. Fax No. Nagar. Atlantic Tower. Pradhan Towers. Jabalpur . Tel No.517 507. Koramangala. Centurion Bank Complex. : 0755 4285385.* Ramon House. S. HDFC Asset Management Company Limited**. 3982310. Road. Tel : (0288) . Patel Mansion. Amar Arcade .122 002.686 001.23417401 / 02 / 03 / 04 / 05. Above IDBI Bank. Near Koyili Hospital. New Delhi .425 002. “K Road”. Wright Town. Fax: (0487) 2441976. Fax No: (0831) 4206919.O. G3 & G4. Plot # 8 & 73. 190/3. Raipur .506 002. No. Devendra Nagar. Trivandrum . Ganpati Enclave. 1st Floor. M. Shop No. Panipat .180 012. Saphire Square. Salcete. HDFC AMC Limited. Sofia Complex. Tel: (0771) 4020 167 / 168.132 103.398222. 2nd Floor. Sterling Arcade. Adjoining Gurudawara.: (0129) 2221340. 3. Vapi . HDFC AMC Limited.398200. Daulatnagar. Tel. First Floor. Rajkot . C. Chawla Complex. Nageshwar Wadi Road.6624883. Saraswathipuram. Amravati . Tel. Punjabi Lane.: (0751) . Near Railway Station. Calicut . Hyderabad . Tel: (0870) 2566 005 / 006/ 007 / 008/ 009.400 092 Tel: (022) 32157268 / 342. Behind Susheela Building. Tel: 0612 2230540/3201439. Cotton Hill Road. Ground Floor. Kantharaj Urs Road.1039.395 001. Education Department. E-Town Shopping.Road. Tel : (0278) . Tel. Abhilasha Building. R B Mehta Road.4068814 HDFC Asset Management Company Limited. Guwahati-781 007.3988029. Belgaum . Upper Ground Floor. Bhadra Tower. Tel: (0832) 2253 460 / 461. City Centre. : (0877) 2222 871 / 872 / 873 / 874. Vardhan Complex. 3rd Floor. # 63. Vipul Agora. HDFC Asset Management Company Limited. H.560 003. Ishwari Complex. Tel: (08392) 276576. Prestige Towers.2460091.577 002. Mezzanine Floor. City Mall. Sri Krishna Complex. 1.403 601.403 507. JHARKHAND : HDFC AMC Limited. HDFC Asset Management Company Limited** Shop # 7. Fax No: (0491) 2548303. Ground Floor. 2nd Floor. 50 .Ward. Ambala Cantt -133 001 Tel: (0171) 2631995/6 Fax: (0171) 2631994. Bhopal . Abade Faria Road. East Fort. GUJARAT : HDFC AMC Limited. Ward No. Near Benz Circle. Gulbarga . 1st Floor. Tel No: (0474) 2752 070 / 071/ 072 / 074. 6.C. Hall No-102 A/2. Shiv Darshan. S.40050506. Near Indhira Gandhi Square. Fax : 0755 . Sykes Extension. Kottayam . Fax : 0832 . Sai Nagar Road. HDFC AMC Limited. Mormugao. Gokulesh. Fax : 079 . Fax : 0281 . Above Axis Bank. G S Junction. Tel No. 2nd Main. Patel Society Road. HDFC Asset Management Company Limited.834 001. Ground Floor.2358462. Kannur Road. Opp. Mithakhali Six Roads. B Wing. : 0281. Tel No. Thrissur . Dhanbad. Minguel Miranda Road.800 001. S1.400 058.: (0821) 4000 530 Fax No: (0821) 4000 535. Tel. 3988029 Fax No. Crown Plaza.3982803 MAHARASHTRA : HDFC AMC Limited. Tel. Hubli .: 0731 . 5th Block. M1.V. HDFC AMC Limited. Backbay Reclamation. Tirumala Bypass Road. Mehsana . 138.. Fax No: (02832) 251.4245436.2425614. Jalgaon . Goa. Kochi . Dr.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. Opp. Parekh Marg. HDFC AMC Limited. Tel No: (0641) 2300 390. Fax : 040 -23417407. Anantapura Cross Road.4058890.4022241 / 42.691 001. Down Town Complex. State Highway. Athwa Gate Police Station. Waltair Main Road. Gwalior . 6 & 7. Road.3988029. 8.: (0877) 2222689.66205300. 3988029 Fax No. 169. 1st Floor. 1st Floor. HDFC AMC Limited. No. 4830 / B. # 493. Somajiguda. Upper Ground Floor. Fax. Tel : (0264) 2227205. Tel No. HDFC AMC Limited. Premises 102. Fax: (0870) 2566010. HDFC AMC Limited. No. Tolstoy Marg. Ground Floor . Faridabad . HDFC AMC Limited. 2918. Off. CH 51 / 1 B. Muthye Udyog Bhawan. 2nd Floor. Rajendra Prasad Road. Fax: (011) 23351317 /18. College Road. : (0124) 2221 338 / 339 / 341 / 342 / 343. Coimbatore Road. HDFC AMC Limited.444 601. Opposite Dhanvantry. Jivottam. E . Tel: (0487) 2441976. Tel No: (0721) 2562 112 / 113 Fax No: (0721) 2564115 HDFC AMC Limited.: (0836) 4252 294 / 95. Alakhnanda Towers. Opposite Mothi Talkies. Tel No. 122. Second Floor. No.403 802. HDFC Asset Management Company Limited. Telefax: 0612 . HDFC AMC Limited. HDFC AMC Limited.396 191. Road. Dinsha Vachha Road. 1st Floor.: (0361)-2464758. 114.3982068.: (022) 32157352 / 34. G. 2nd Floor. T. Tel. Shrimant Madhav Rao Scindia Marg. Tel. HDFC AMC Limited. 1st Floor. HDFC Asset Management Company Limited. Sampige Road.575 001. 4246995. : 0484 . Prakashdeep Building. HDFC AMC Limited. Jammu . Tel: (0180) 3985400/ 01. P. Fax: (08392) 276580. Fax No: (0832) 2513448.15 / 3. 2425610.4099222 / 333. Fax : (0832) 2736477. 6450306 / 9685 / 7584.3982330. Patna . Jagnath. Kannur . First Floor. Radha Krishnan Road. Sudarshan Tower.: (0326) 2300552. Court Circle. Fax No.

Varanasi . 142/7.5101927. Rambandhutala. 2690 (P). Opposite Hari . 101. Sigra. City Plaza.201 301. Fax: (020) 41223310. Pearl Plaza. UGF Hall No. Tel: (0135) 3988029/ 7434.641 018. 51 . Sri Krishna Arcade. Ranjit Avenue. No: (0551) 6060011/2/3HDFC AMC Limited. Opp. HDFC AMC Limited. Road. Corner Building. Fax : (0427) 2333617. Tel No: (0532) 2561 035/036/038/041/042/043. Chennai . HDFC AMC Limited. Tel No: 09238106515 / 09238106525. Rajiv Gandhi Bhavan. “Moondhra Bhavan”. HDFC Asset Management Company Limited. : 0291 . 2nd Floor. Fax: ( 0462) 2576173. Tel. Nashik .313 001. 9/4. HDFC AMC Limited. Jalandhar City . Panposh Road. Pune . Ajmer . Ground Floor. Tel. broadly covering all entities other than resident / non resident individuals.3988029. ORISSA : HDFC AMC Limited. 83 . No. HDFC AMC Limited. Pondicherry .211 001. Kumar Complex. Ground Floor.282 002.e. 1st Floor. Tel: (0343) 3982150.6450502/1502. Chandracharya Chowk. Vellore. HDFC Asset Management Company Limited**. HDFC AMC Limited.2230408. 1st Floor. 2009 for stock brokers viz. Opp.208 001.263 139. Ram Complex. AMFI /NISM certification. HDFC AMC Limited.2774321 / 5014321.4391714. 1. Royapettah High Road.6453474.627 002.721 305.Thiyagarjapuram Officer’s Line Officer’s Line. Fax: (0413) 2206776.Omm Bhawan. HDFC Asset Management Company Limited. 760. Municipal No. HDFC AMC Limited. Namdev Chowk.: 0253 .5111126. HDFC AMC Limited. A Wing.221 010.22439582.73. Janpath.305 001. Amritsar-143 001. Tel. Fax : 0512 . “Suyojit Heights”. Fax : 0674 . 36 & 37. 3/260-A.600 002. Fax No: (0571) 2740772. Near NIT Building.17. Magal Pandey Nagar. Tower Compound. Fax: (0341) 2221219. HDFC AMC Limited. 73/19. Inda. Gaziabad . HDFC Asset Management Company Limited. Tel.: (0120) 3988029. HDFC AMC Limited.249407 Tel No: (01334) 222406/7 Fax No: (01334) 222410. Shankar Point. Chetana Apartment. Tel: (0183) 3988028 / 2570. Mumbai . Bajrakabati Road. Fax : 0522 . Madurai . Nainital Road. Fax No. Tel. Tel. : 0512 . B2.2331484-87. 1st Floor.5111125.302 001. Ganpati Plaza.141 001. Tel No. K-24/25. 4 Shahnajaf Road.342 003. 1st Floor. 11. HDFC AMC Limited**. Agarwal Arcade. Near Malhar Cinema. Fax No: (06767) 277565. No. Gokhale Road. Tel: (0431) 3982830. Opp to Alagar Jewellery. Jodhpur . Civil Lines. D-64/127. 1st Floor. Sector 30. Tennur. Chandigarh . Allahabad . Tel: (0181) 3988029 / 970. 2nd Floor.4391861/62/63. Bhotia Parao. Tirunelveli . 4th Floor. Pune Camp. 1st Floor. Premises No. HDFC AMC Limited. Nagpur . A. Tel.751 001.605 005. Tel: (0145) 3099000. 1st Floor. Pune . Mylapore. However.6630301/02/04. Haridwar . Bareilly .3988029. HDFC AMC Limited**. Tel: (0120) 301 0635 Fax: (0120) 3010636.: (0462) 2576174.4. Dehradun . Sevoke Road. Plot No. Dombivli (East). Fax: (0183) 3982599. 5101937. Tech Building. HDFC AMC Limited.: (0591) 3982137. Palayamkottai. District Shopping Complex. : 0172 .620 017. Durgapur . Arena Complex. Trench Colony. Gowardhan Plaza. Sri Jagannath Complex. Fax: (0164) 5191283. Bhatinda . Sector-18. Fax No. Rourkela . Tel No. Tel. GT Road. Gitanjali Complex. HDFC AMC Limited.151 001. Ground Floor. Opp. Fax: (022) 26434768.202 001. 4th Floor. Sree Velayudham Complex. Jaipur . Fax : 044 . Mumbai . Tel: (022) 65253409/08/06/21.422 002. Anna Salai. Tel. Chandracharya Chowk. D-2. 109. Trichy Road. Meerut . Fax : 020 . Fax : 033 . Fax: (0581) 2510709. : 033 . No1 Bhimsena Garden Street. 1st Floor. 1st Floor.: (0353) 2545270. 96. 2624497 Telfax: 0172 . HDFC AMC Ltd. Vashi . Shop No. Tel No. : 9935177068. Aligarh . HDFC AMC Limited. Nayapara. Sector 35-B. Fax: 0422 . 1st Floor.5105919.201 010. Tel: (022) 26434 760 / 762 / 763 / 764.768 001. Ludhiana . Fax: (0135) 3987444.160 022. Muncipal Corporation Bldg.411 007.753 001. Meyanoor Main Road. Tel: 0416-2214672. Tel.700 001. Sharanpur Road. : 044 . 60. Tel No. Tel. 3 Red Cross Place. Tel No: (0663) 2400 323 / 339. 1st floor. The eligible AMFI certified stock exchange Brokers/Clearing Members/Depository Participants who have complied with the conditions stipulated in SEBI Circular No. Nadar Building. Telefax : (0452) .250 005. Raj Nagar District Centre. 143/145/1. Tel.400 703. 2423. Fax : 0161 . Civil Lines. Near Indhira Gandhi Square. HDFC Asset Management Company Limited**. 2743 970 / 971. I Floor. Praful Tower. East Street. Raj Nagar.: (0353) . Arihant Complex. Sambalpur .: (0661) . 136 Hill Road.22427849 / 53 / 56 / 59. Tel: (022) .66073301. Tel: (0562) 3984761-73. Daulat Bagh. 2nd Floor. Noida . G. Tel. First Floor Door No.249407 Tel No: (01334) 222406/7 Fax No: (01334) 222410 UTTAR PRADESH : HDFC AMC Limited. HDFC AMC Limited.625 001. Fax No: (03222) 227683. Fax: (0671) 2324741. 2nd Floor. Gulab Singh Bhavan. Plot No. HDFC AMC Limited. Rajpur Road. Fax : 0141 . Tel: (044) 30913060.D. 1st Floor. Tel: (0413) 3043 293 / 500 / 600.400 602. HDFC AMC Limited. University Circle. 127 C/3 East Veli Street.421 201. Bhubaneswar . 1st Floor.: (0591) 3988029 / 3982131. Kharagpur .248 001. 1st Floor. Shriram Shyam Towers.769 004. 1st Floor. HDFC AMC Limited. HDFC Liquid Fund .713 216. 21/22. code of conduct prescribed by SEBI for Intermediaries of Mutual Fund will be considered as Official Points of Acceptance (OPA) of the Mutual Fund. Ranihat. Fax: (0343) 3982153. Kumar Complex. 2200163. Tel. Tel No: (0571) 2740 770 / 771 / 772 / 773. 4th Floor. Asansol . Near Circuit House Chouraha. 2374968. Tel No: (05946) 285286 Fax No: (05946) 285290.6611836. RAJASTHAN : HDFC AMC Limited. HDFC AMC Limited. Kingsway.43979797 / 43979716. Taneja Towers.632 001.: (0661) -3982068. SCO 375-376. Tel: (0581) 2510 749 / 759.2331487. Golbazar. 1st Floor. Trivandrum Road. Barbil . Unit . Sanjay Place.600 004. Thane (West) .400 077. Behind SBI Main. Fax : 0712 . ITC Centre. HDFC AMC Limited. St. : 020 .Premium Plan and Premium Plus Plan and HDFC Cash Management Fund . Chopasni Road. Fax : 0291 . Opposite Vashi railway station.11/183204/2009 dated November 13. Tel: 0422 . Salem . No. First Floor. Fax No: (0121) 2602380. Fax: (0145) 3099001. **Official points of acceptance of transactions for schemes of HDFC Mutual Fund except purchase transactions of Liquid Schemes / Plans viz. HDFC AMC Limited. 146 Civil Lines. Sri Balaji Arcade. 9935147068.2623397. Tel: (0294) 3988029. Udaipur . Haldwani . HDFC AMC Limited. Tel: (0251) 2860 648 / 649 / 645 / 656 Fax: (0251) 2863953. Fax: (0431) 3982835 HDFC AMC Limited Premises No. 1st Floor. Anant Kuti (Bibikar Bldg. First floor. Marris Road.440 001.Tel : (0427) 3982680/700. Lucknow .243 001. # For Processing only Redemption Request of Units Held in Demat Form. 1st Floor. PUNJAB : HDFC AMC Limited. 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. HDFC AMC Limited. : 0674 . Delhi Road.400 050. MS Towers. Gorakhpur -273 001.1 & G-2. Bank Road.144 001. Above Corporation Bank. Tel: 0712 . Durga City Centre. Fax No. Tel. HDFC AMC Limited.758 035. Ground Floor.: 0253 . Fax No: (0663) 2400324. HDFC AMC Limited. 25. 69/101. City Mall. 76.HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED) – INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND (contd. HDFC Liquid Fund. Tel No: (0121) 2602 380 / 2601 964 / 965.6611831 / 32. Fax: (022) 67124177. HDFC AMC Limited.734 001. Menaka Estate. i.. Fax: (0294) 3982000. 6. HDFC AMC Limited. Tel: (022) 67124172/73/74/75/76. Kolkata . HDFC AMC Limited. SCO 122. Rajdeep CHS. Fax: (0181) 3982966. Liberty Chowk.28415855.B.) Ghatkopar (East). Tennur High Road. Complex. Fax: (044) 30913082. Natesan Nagar.39880299. Ground Floor.411 001. Sadar. Gupta Complex.C.: (020) 41223301/02. Vinayak.. BSE 1. Agra. Parsvnath Plaza-II. PONDICHERRY : HDFC AMC Limited. Hyundai Motors Showroom.T. Fax No: (0532) 2561035.Savings Plan & Call Plan. UTTARAKHAND : HDFC AMC Limited. Adjacent to Sekhon Grand Hotel. 16/80 D. 4 Sardar Patel Marg. K. No. 3rd Floor. No. Above ING Vysya Bank. Ganeshkhind Road. : 0141 . 106-110. O. City Centre. 3-Ajmer Road. 454/3.636 009. : 0522 -2207591. Institutional Investors are free to lodge their applications at any other official points of acceptance also. Haridwar . Landmark Building. this is an official point of acceptance for acceptance of all on-going transactions from Institutional Investors only. Chennai .3013839. Laxmibai Marg. HDFC AMC Limited. HDFC AMC Limited. Tel: (0671) 2323724/ 725.3013838. TAMIL NADU : HDFC AMC Limited. Fax: (0562) 3984777.6630206.: 0161 . Siliguri . Cuttack . 1st Floor. SEBI / IMD / CIR No.4. G T Road. Tel No: (03222) 227 627 / 657. Ground Floor. Kanpur .: (0120) 3980610. Moradabad .3982060/70. First Floor. HDFC AMC Limited. SCO-28. Mumbai . Peters Church.2531483. First Floor.). Fax: (022) 25116805. Tel: (0341) 2221220. Bandra (West).713 303. Feroze Gandhi Market.: (0164) 5001982. Fax No.244 001. Near RTO. 1371A. Chatterjee Plaza. Trichy . Manpada Road. Fax No.226 001. 2nd Floor. Kadambari Complex. Unit No. Opposite Lok Kalamandal. WEST BENGAL : HDFC AMC Limited. HDFC AMC Limited. Coimbatore . 2nd Floor.66073310.Opp. 3A.. *This is not an Investor Service Centre for HDFC Mutual Fund. Tel.

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

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