SCHEME INFORMATION DOCUMENT - 8

HDFC Fixed Maturity Plans - Series 37
A CLOSE ENDED INCOME SCHEME
This product is suitable for investors who are seeking*:
• regular income over 1199 days (tenure of the Riskometer

Plan) Moderate Mo
ely de
at
d er Hi ratel
o w gh y
M Lo
• investment in debt and money market instruments
and government securities.

High
Low
LOW HIGH
Investors understand that their principal will be at moderate risk
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Offer of Units of Rs. 10 each during the New Fund Offer (NFO)
Name of the Plan NFO Opens on NFO Closes on
HDFC FMP 1199D January 2017 (1) January 23, 2017 January 30, 2017
This Scheme Information Document (SID) has 15 Fixed Maturity Plans (the "Plans") which are proposed to be listed. Presently
under this SID, 8th Plan is being launched and the balance 7 Plans will be launched after giving due Notice to the investors.

Name of Mutual Fund (Fund) : HDFC Mutual Fund
Name of Asset Management Company (AMC) : HDFC Asset Management Company Limited
Name of Trustee Company : HDFC Trustee Company Limited
Addresses, Website of the entities:
Address:
Asset Management Company (AMC) : Trustee Company :
HDFC Asset Management Company Limited HDFC Trustee Company Limited
A Joint Venture with Standard Life Investments Registered Office :
Registered Office : HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166,
HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020.
Backbay Reclamation, Churchgate, Mumbai - 400 020. CIN No. U65991MH1999PLC123026
CIN No: U65991MH1999PLC123027
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, (herein after 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.
Please refer to NSE / BSE Disclaimer clause overleaf.

This Scheme Information Document is dated August 24, 2016.

TABLE OF CONTENTS
Page No. Page No.
1. Highlights/Summary of the Scheme ....................... 4 l Policy regarding re-issue of
I. INTRODUCTION repurchased units ...................................... 41
A. Risk Factors .................................................... 8 l Restrictions on the rights to freely retain or
B. Requirement of Minimum Investors dispose of units being offered ................... 41
in the Scheme ............................................... 10 B. ONGOING OFFER DETAILS
C. Special Considerations ................................... 10 l Ongoing Offer Period .............................. 42
D. Definitions ..................................................... 12 l Ongoing Price for subscription ................. 42
E. Abbreviations ................................................. 15 l Ongoing Price for redemption .................. 42
F. Due Diligence by the Asset Management l Cut off timing ........................................... 43
Company ....................................................... 16
l Where can the applications for purchase /
II. INFORMATION ABOUT THE SCHEME redemption / switches be submitted? ........ 44
A. Type of the Scheme ....................................... 17 l Minimum amount for purchase/
B. What is the Investment Objective of redemption/switches ................................. 44
the Scheme? .................................................. 17
l Minimum balance to be maintained ......... 44
C. How will the Scheme allocate its assets? ....... 17
l Special Products available ........................ 44
D. Where will the Scheme invest? ...................... 19
l Account Statements ................................... 45
E. What are the Investment Strategies? .............. 23
l Dividend ................................................... 46
F. Fundamental Attributes .................................. 25
l Redemption .............................................. 47
G. How will the Scheme Benchmark its
Performance? ................................................. 25 l Delay in payment of redemption /
repurchase proceeds ................................. 51
H. Who manages the Scheme? .......................... 26
C. PERIODIC DISCLOSURES
I. What are the Investment Restrictions? ............ 28
J. How has the Scheme Performed? .................. 28 l Net Asset Value ........................................ 51
III. UNITS AND OFFER l Monthly Portfolio Disclosure ...................... 51
A. NEW FUND OFFER (NFO) l Monthly Average Asset under Management
(Monthly AAUM) Disclosure ....................... 52
l New Fund Offer Period ............................ 29
l Half yearly Disclosures .............................. 52
l New Fund Offer Price .............................. 29
l Minimum Amount for Application l Half Yearly Results .................................... 52
in the NFO .............................................. 29 l Annual Report ........................................... 52
l Minimum Target amount ........................... 29 l Associate Transactions ............................... 52
l Maximum Amount to be raised (if any) ...... 29 l Taxation .................................................... 52
l Plans / Options offered ............................ 29 l Investor services ........................................ 53
l Dividend Policy ......................................... 31 D. COMPUTATION OF NAV ............................ 53
l Allotment .................................................. 32 IV. FEES AND EXPENSES
l Refund ...................................................... 33 A. New Fund Offer (NFO) Expenses .................. 54
l Who Can Invest ........................................ 33 B. Annual Scheme Recurring Expenses ............... 54
l Where can you submit the filled up C. Transaction Charges ...................................... 56
applications .............................................. 35
D. Load Structure ............................................... 56
l How to Apply ............................................ 35
E. Waiver of Load for Direct Applications ........... 56
l Listing ....................................................... 36
l Special Products / facilities available V. RIGHTS OF UNITHOLDERS ............................... 56
during the NFO ....................................... 36 VI. PENALTIES & PENDING LITIGATIONS .............. 57

DISCLAIMER OF NSE:
As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange of India Limited (hereinafter
referred to as NSE). NSE has given vide its letter NSE/LIST/78589 dated July 1, 2016 permission to the Mutual Fund to use the
Exchange's name in this Scheme Information Document as one of the stock exchanges on which the Mutual Fund's Units are proposed
to be listed subject to, the Mutual Fund fulfilling the various criteria for listing. The Exchange has scrutinized this Scheme Information
Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Mutual Fund. It
is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the
Scheme Information Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the
correctness or completeness of any of the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund's
Units will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness
of the Mutual Fund, its Sponsors, its management or any scheme of the Mutual Fund.
Every person who desires to apply for or otherwise acquire any Units of the Mutual Fund may do so pursuant to independent inquiry,
investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be
suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated
or omitted to be stated herein or any other reason whatsoever.

SID - HDFC Fixed Maturity Plans - Series 37 2

DISCLAIMER OF BSE:
"BSE Ltd. ("the Exchange") has given vide its letter dated July 1, 2016 permission to HDFC Mutual Fund to use the Exchange's
name in this SID as one of the Stock Exchanges on which this Mutual Fund's Units are proposed to be listed. The Exchange
has scrutinized this SID for its limited internal purpose of deciding on the matter of granting the aforesaid permission to HDFC
Mutual Fund. The Exchange does not in any manner:-
i) warrant, certify or endorse the correctness or completeness of any of the contents of this SID; or
ii) warrant that this scheme's units will be listed or will continue to be listed on the Exchange; or
iii) take any responsibility for the financial or other soundness of this Mutual Fund, its promoters, its management or any scheme
or project of this Mutual Fund;
and it should not for any reason be deemed or construed that this SID has been cleared or approved by the Exchange.
Every person who desires to apply for or otherwise acquires any unit of HDFC Fixed Maturity Plans - Series 37 of this Mutual
Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange
whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription/
acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever.

3 SID - HDFC Fixed Maturity Plans - Series 37

There is no minimum investment. The Units of the Scheme cannot be redeemed by the investors directly with the Fund until the Maturity / Final Redemption date. Liquidity The Scheme being offered through this Scheme Information Document is a close ended income scheme. the Fund reserves the right to change the Maturity Record Date by issue of suitable notice. (NSE) and BSE Ltd. and Beneficiary Account No. an Account Statement shall be sent to them. the Mutual Fund would endeavour to pay the redemption proceeds within 3-4 Business Days (as applicable) from the date of Maturity / Final redemption. The stock exchange(s) will suspend trading in Units one working day prior to the Maturity Record Date. Benchmark For Plans having maturity upto 91 Days: Crisil Liquid Fund Index For Plans having maturity more than 91 Days and upto 36 months: Crisil Short Term Bond Fund Index For Plans having maturity more than 36 months: Crisil Composite Bond Fund Index Transparency / NAV Disclosure The AMC will calculate and disclose the first NAVs of the respective Plan(s)/ Option(s) under the Scheme not later than 5 Business Days from the allotment SID . Units held in demat form are freely transferable. However.HDFC Fixed Maturity Plans . Please refer to section “Redemption” on Page 47 for details. The Units of the Scheme will be listed on the Capital Market Segment of the National Stock Exchange of India Ltd. until the date of suspension of trading by stock exchange(s) where the Scheme / Plan is listed. In case Unitholders do not provide their Demat Account details at the time of application. The Units of the Scheme will be traded and settled on the exchange compulsorily in electronic (dematerialized) form. There is no assurance that the investment objective of the Scheme will be realized. DP ID No. although Units are purchased in round lots of 1. the Mutual Fund shall despatch redemption proceeds within 10 Business Days from the date of Maturity / Final redemption.HIGHLIGHTS / SUMMARY OF THE SCHEME Investment Objective The investment objective of the Plan(s) under the Scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). Dematerialization of Units The Unitholders would have an option to hold the Units in electronic (dematerialized) form or account statement (non-demat) form. The price of the Units in the market will depend on demand and supply at that point of time. will be paid in case the payment of redemption proceeds is not made within 10 Business Days from the date of Maturity / Final redemption. A penal interest of 15% or such other rate as may be prescribed by SEBI from time to time. The Units can be purchased / sold during the trading hours like any other publicly traded stock. Please refer to para ‘Settlement of Purchase / Sale of Units of the Scheme on NSE / BSE’ and Rolling Settlement' under section Cut off timing for subscriptions/ redemption/switches on Page 43 and section “Redemption” on Page 47.Series 37 4 . As per SEBI (MF) Regulations. Such investors will not be able to trade on the stock exchange till the holdings are converted into demat form. with the DP at the time of purchasing Units during the New Fund Offer (NFO) of the respective Plan(s). The Applicant intending to hold Units in dematerialized form will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP's Name. The record date for determining the Unit holders whose name(s) appear on the list of beneficial owners as per the Depositories (NSDL/CDSL) records for the purpose of redemption of Units on Maturity / Final Redemption date (“Maturity Record Date”) will be one working day prior to the Maturity / Final Redemption date. No separate notice will be issued by the AMC informing about Maturity Record Date or Suspension of trading by the stock exchange. for further details. (BSE). However under normal circumstances.

March 31 & September 30) or mailed to the Unit holders.4/ 168230/09 dated June 30. The Mutual Fund / AMC shall disclose portfolio of the respective Plan(s) under the Scheme as on the last day of the each month on its website viz. no entry load will be charged by the Scheme to the investor. the NAVs will be calculated and disclosed at the close of every Business Day in the following manner: i) Published in atleast 2 daily Newspapers. 5 SID .com) and on the website of AMFI (www.hdfcfund. Direct Option is for investors who wish to invest directly without routing the investment through any distributor. Plans / Options Each HDFC Fixed Maturity Plan offers Regular Option and Direct Option. As presently required by the SEBI (MF) Regulations. 10 thereafter per application under each HDFC Fixed Maturity Plan during the NFO Period. of units under the NFO of the respective Plan(s). if any. based on the investor's assessment of various factors including service rendered by the ARN Holder. iv) Displayed at the ISCs. Exit Load: Not Applicable. a complete statement of the portfolio of the respective Plan(s) under the Scheme would also 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. the application will be processed for the eligible amount and the balance amount will be refunded. 5. 2009.Series 37 . For details on Default Option.000 and in multiple of Rs. Pursuant to SEBI circular no. The upfront commission on investment made by the investor.com on or before the tenth day of the succeeding month in the prescribed format. www. If the amount of application is in odd multiples. please refer to section "Plans/ Options offered" on Page 30.hdfcfund. ii) Displayed on the website of the Mutual Fund (www. on every Business Day. If the NAVs are not available before commencement of Business Hours on the following day due to any reason. shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor. The Units under the respective Plan(s) cannot be directly redeemed with the Fund as the Units are listed on the stock exchange(s). Subsequently. In case of any delay.hdfcfund. Loads Entry Load: Not Applicable. the reasons for such delay would be explained to AMFI in writing.com) by 9.00 p.amfiindia. The AMC shall update the NAVs on the website of the Mutual Fund (www.e. Regular Option is for investors who wish to route their investment through any distributor.com).m. Regular and Direct Options offer the following sub-options: (a) Growth (b) Dividend Dividend Sub-option under Plan(s) having tenure upto 365 Days offers Normal Dividend and Dividend under Plan(s) having tenure of 366 days or more offers Quarterly Dividend and Normal Dividend. SEBI/IMD/ CIR No.HDFC Fixed Maturity Plans .amfiindia. the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAVs.com) iii) Displayed on the website of Association of Mutual Funds in India (AMFI) (www. Minimum Application Amount The Minimum amount for application (Purchase / Switch) during NFO is as under: Rs.

10. (d) for purchases / subscriptions made directly with the Fund (i.hdfcfund. The Trustee also reserves the right to close the Plans earlier by giving one day's notice.HDFC Fixed Maturity Plans . LAUNCH SCHEDULE OF THE PLAN(S) UNDER HDFC FIXED MATURITY PLANS . 150/. 10. Computer Age Management Services Pvt.000/-. subject to the condition that the subscription list of the New Fund Offer of the Plan shall not be kept open for more than 15 days. if that day is not a Business Day. Under the Scheme. Hence. It may be noted that Transaction Charges shall not be deducted: (a) where the distributor of the investor has not opted to receive any Transaction Charges.and above will be deducted from the purchase/ subscription amount for payment to the distributor of such investor and the balance shall be invested.com. the application will be processed for the eligible amount and the balance amount will be retained in the switch out scheme. HDFC Asset Management Company Limited (“the AMC”)/Mutual Fund shall deduct the Transaction Charges on purchase / subscription received from the investors investing through a valid ARN Holder i. (ii) Investor other than First Time Mutual Fund Investor: Transaction Charge of Rs. The Trustee reserves the right to extend the closing date of the New Fund Offer Period. 10.e. Note: Allotment Date of respective Plan will be included while calculating the Maturity Date/Final Redemption Date. 2011.and above will be deducted from the purchase / subscription amount for payment to the distributor of such investor and the balance shall be invested. M/s. through Switches etc. The duration of the Plans under the Scheme will be decided at the time of launch. For complete details on ASBA process refer Statement of Additional Information (SAI) made available on our website www. not through any distributor). and undertake other tasks as per the procedure specified therein.e. 100/. Ltd in this regard. Identification of investors as “first time” or “existing” will be based on Permanent Account Number (PAN)/ PAN Exempt KYC Reference Number (PEKRN) at the First/ Sole Applicant/ Guardian level. Name of the Plan New Fund Offer New Fund Offer Maturity Date/ Opens Closes Final Redemption Date* 1. No. Applications Supported By Blocked Investors may apply through the ASBA process during the NFO period of the Amount (ASBA) Scheme by filling in the ASBA form and submitting the same to their respective banks. which in turn will block the amount in the account as per the authority contained in ASBA form.e. 2017 January 30. AMFI registered Distributor (provided the distributor has opted- in to receive the Transaction Charges for the scheme type) as under: (i) First Time Mutual Fund Investor (across Mutual Funds): Transaction Charge of Rs.in is in odd multiples.. 2020 * Or immediately succeeding Business Day. A.Series 37 6 . the Mutual Fund proposes to offer 15 Plans of tenure ranging between 15 Days and 126 Months.000/ . as amended from time to time. (b) for purchases / subscriptions of an amount less than Rs.SERIES 37 Sr. Unit holders are urged to ensure that their PAN/ PEKRN/ KYC is updated with the Fund. SID . Investor Service Centres (ISCs) of the Fund/ offices of our Registrar and Transfer Agent. If the amount of switch. Cir/ IMD/ DF/13/ 2011 dated August 22.e.000/ . B.per purchase / subscription of Rs. Transaction Charges In accordance with SEBI circular No. 2017 May 13.per purchase / subscription of Rs. Unit holders may approach any of the Official Points of Acceptances of the Fund i. HDFC FMP 1199D January 2017 (1) January 23. (c) for transactions other than purchases / subscriptions relating to new inflows i.

2020 6. if that day is not a Business Day. The notice will be published at least 2 days before the respective launch date. Plan launched in July 2016 having a maturity of 24 Months will be identified as HDFC FMP 24M July 2016 (1). HDFC FMP 1240D December 2016 (1) December 7. 2016 May 14. 2019 2. The Trustee reserves the right to change the frequency of launching the Plans or not to launch a particular Plan under the Scheme. BALANCE PLAN(S) TO BE LAUNCHED . Each HDFC Fixed Maturity Plan will be managed as a separate portfolio. HDFC FMP 1302D September 2016 (1) September 26. The Trustee / AMC may close the New Fund Offer of any Plan under the Scheme by giving at least one-day notice in one daily newspaper. when offered for sale. Each Plan. The Plan(s) will enable investors to nearly eliminate interest rate risk by remaining invested in the Plan till the Maturity / Final Redemption Date.g. 2020 4. IMPORTANT HDFC Mutual Fund (the Fund) / HDFC Asset Management Company Limited (AMC) and its empaneled broker(s) have not given and shall not give any indicative portfolio/indicative yield in any communication or manner whatsoever.SERIES 37 Sr. This naming pattern may be changed by the AMC from time to time. HDFC FMP 1309D September 2016 (1) September 19. HDFC FMP 1218D December 2016 (1) December 28.Series 37 . 2016 September 19. 7 SID . 2016 April 21. 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. 2016 September 27. 2016 September 15. 2020 3. 2020 * Or immediately succeeding Business Day.HDFC Fixed Maturity Plans . 2020 7. 2017 April 15.C. would be open for such number of days (not exceeding 15 days) as may be decided by the AMC. Name of the Plan New Fund Offer New Fund Offer Maturity Date/ Opens Closes Final Redemption Date* 1. the Units under the Plan will be redeemed at the Applicable NAV. The Plan(s) under the Scheme seek to generate income through investments in Debt / Money Market Instruments and Government Securities. HDFC FMP 1306D September 2016 (1) September 15. 2016 September 14. HDFC FMP 1192D January 2017 (1) January 5. 2020 5. 2016 January 11. 2016 December 21. HDFC FMP 1111D September 2016 (1) September 6. Information with respect to the New Fund Offer for the Plan(s) under the Scheme (launched subsequent to the New Fund Offer of the Scheme) will be communicated to the investors by a notice displayed at Investor Service Centres and issue of advertisement in 2 newspapers i.e. PLANS ALREADY LAUNCHED UNDER HDFC FIXED MATURITY PLANS . 2016 April 20. 2016 April 13. No. On the Maturity / Final Redemption Date of the Plan.7 Plans Each Plan under the Scheme will be denoted by a specific Plan Name e. The Plan(s) will invest in such securities which mature on or before the date of the maturity of the Plan(s). Investors are advised not to rely on any communication regarding indicative yield or portfolio with regard to the Plan(s) under the Scheme. 2017 January 9. Each Plan will be compulsorily and without any further act by the Unit holder(s) redeemed on the Maturity / Final Redemption Date. 2017 May 13. 2016 September 30. D.

I.INTRODUCTION fall and when interest rates drop, the prices increase. The
extent of fall or rise in the prices is a function of the existing
A. RISK FACTORS coupon, days to maturity and the increase or decrease in
n Standard Risk Factors the level of interest rates. The new level of interest rate is
determined by the rates at which government raises new
l Investment in Mutual Fund Units involves investment risks money and/or the price levels at which the market is already
such as trading volumes, settlement risk, liquidity risk, dealing in existing securities. The price-risk is not unique
default risk including the possible loss of principal. to Government Securities. It exists for all fixed income
l As the price / value / interest rates of the securities in which securities. However, Government Securities are unique in
the Scheme invests fluctuates, the value of your investment the sense that their credit risk generally remains zero.
in the Scheme may go up or down depending on the Therefore, their prices are influenced only by movement in
various factors and forces affecting the capital markets and interest rates in the financial system.
money markets. l The AMC may, considering the overall level of risk of the
l Past performance of the Sponsors and their affiliates / portfolio, invest in lower rated / unrated securities offering
AMC / Mutual Fund does not guarantee future performance higher yields as well as zero coupon securities that offer
of the Scheme(s) of the Mutual Fund. attractive yields. This may increase the absolute level of risk
of the portfolio.
l The name of the Scheme does not in any manner indicate
either the quality of the Scheme or its future prospects and l As zero coupon securities do not provide periodic interest
returns. payments to the holder of the security, these securities are
more sensitive to changes in interest rates and are subject
l The Sponsors are not responsible or liable for any loss
to issuer default risk. Therefore, the interest rate risk of zero
resulting from the operation of the Scheme beyond the
coupon securities is higher. The AMC may choose to invest
initial contribution of Rs. 1 lakh each made by them
in zero coupon securities that offer attractive yields. This
towards setting up the Fund.
may increase the risk of the portfolio. Zero coupon or deep
l The present Scheme is not a guaranteed or assured return discount bonds are debt obligations that do not entitle the
scheme. holder to any periodic payment of interest prior to maturity
n Scheme Specific Risk Factors or a specified date when the securities begin paying current
interest and therefore, are generally issued and traded at
Some of the specific risk factors related to the Scheme include, a discount to their face values. The discount depends on
but are not limited to the following: the time remaining until maturity or the date when securities
Risk factors associated with investing in Fixed Income begin paying current interest. It also varies depending on
Securities the prevailing interest rates, liquidity of the security and the
perceived credit risk of the Issuer. The market prices of zero
l The Net Asset Value (NAV) of the respective Plan(s) under
coupon securities are generally more volatile than the
the Scheme, to the extent invested in Debt and Money
Market instruments, will be affected by changes in the market prices of securities that pay interest periodically.
general level of interest rates. The NAV of the respective l Prepayment Risk: Certain fixed income securities give an
Plan(s) is expected to increase from a fall in interest rates issuer the right to call back its securities before their maturity
while it would be adversely affected by an increase in the date, in periods of declining interest rates. The possibility
level of interest rates. of such prepayment may force the Scheme to reinvest the
proceeds of such investments in securities offering lower
l Money market instruments, while fairly liquid, lack a well
yields, resulting in lower interest income for the fund.
developed secondary market, which may restrict the selling
ability of the Scheme and may lead to the Scheme incurring l Reinvestment Risk: This risk refers to the interest rate levels
losses till the security is finally sold. at which cash flows received from the securities in the
l Investments in money market instruments involve credit risk Scheme are reinvested. The additional income from
reinvestment is the "interest on interest" component. The risk
commensurate with short term rating of the issuers.
is that the rate at which interim cash flows can be reinvested
l Investment in Debt instruments are subject to varying may be lower than that originally assumed.
degree of credit risk or default risk (i.e. the risk of an issuer's
inability to meet interest and principal payments on its l Settlement Risk: Different segments of Indian financial
markets have different settlement periods and such periods
obligations) or any other issues, which may have their credit
ratings downgraded. Changes in financial conditions of may be extended significantly by unforeseen circumstances.
an issuer, changes in economic and political conditions Delays or other problems in settlement of transactions
could result in temporary periods when the assets of the
in general, or changes in economic and/ or political
conditions specific to an issuer, all of which are factors that Scheme are uninvested and no return is earned thereon.
may have an adverse impact on an issuer's credit quality The inability of the Scheme to make intended securities
purchases, due to settlement problems, could cause the
and security values. This may increase the risk of the
portfolio. The Investment Manager will endeavour to manage Scheme to miss certain investment opportunities. Similarly,
credit risk through in-house credit analysis. the inability to sell securities held in the Scheme’s portfolio,
due to the absence of a well developed and liquid secondary
l Government securities where a fixed return is offered run market for debt securities, may result at times in potential
price-risk like any other fixed income security. Generally, losses to the Scheme in the event of a subsequent decline
when interest rates rise, prices of fixed income securities in the value of securities held in the Scheme's portfolio.

SID - HDFC Fixed Maturity Plans - Series 37 8

Risk factors associated with investing in Foreign Debt prevalent tax laws of the respective jurisdiction for execution
Securities of trades or otherwise.
l Currency Risk l To manage risks associated with foreign currency and
Moving from Indian Rupee (INR) to any other currency entails interest rate exposure, the Mutual Fund may use derivatives
currency risk. To the extent that the assets of the Scheme will for efficient portfolio management including hedging and
be invested in securities denominated in foreign currencies, in accordance with conditions as may be stipulated by SEBI/
the Indian Rupee equivalent of the net assets, distributions RBI from time to time.
and income may be adversely affected by changes in the value Risk factors associated with investing in Derivatives
of certain foreign currencies relative to the Indian Rupee.
l The AMC, on behalf of the respective Plan(s) may use
l Interest Rate Risk various derivative products, from time to time, in an attempt
The pace and movement of interest rate cycles of various to protect the value of the portfolio and enhance Unit
countries, though loosely co-related, can differ significantly. holders' interest. Derivative products are specialized
Hence by investing in securities of countries other than instruments that require investment techniques and risk
India, the Scheme stand exposed to their interest rate cycles. analysis different from those associated with stocks and
bonds. The use of a derivative requires an understanding
l Credit Risk not only of the underlying instrument but of the derivative
Investment in Foreign Debt Securities are subject to the risk itself. Other risks include, the risk of mispricing or improper
of an issuer's inability to meet interest and principal payments valuation and the inability of derivatives to correlate perfectly
on its obligations and market perception of the with underlying assets, rates and indices.
creditworthiness of the issuer. This is substantially reduced l Derivative products are leveraged instruments and can
since the SEBI (MF) Regulations stipulate investments only provide disproportionate gains as well as disproportionate
in debt instruments with rating not below investment grade losses to the investor. Execution of such strategies depends
by accredited/registered credit rating agency. upon the ability of the fund manager to identify such
l Taxation Risk: opportunities. Identification and execution of the strategies
to be pursued by the fund manager involve uncertainty and
In addition to the disclosure related to taxation mentioned
decision of fund manager may not always be profitable.
under section “Special Consideration” on Page 10,
No assurance can be given that the fund manager will be
Investment in Foreign Securities poses additional challenges
based on the tax laws of each respective country or able to identify or execute such strategies.
jurisdiction. The scheme may be subject to a higher level l The risks associated with the use of derivatives are different
of taxes than originally anticipated and or dual taxation. from or possibly greater than, the risks associated with
The Scheme may be subject to withholding or other taxes investing directly in securities and other traditional
on income and/or gains arising from its investment portfolio. investments.
Further, such investments are exposed to risks associated l Credit Risk: The credit risk in derivative transaction is the
with the changing / evolving tax / regulatory regimes of risk that the counter party will default on its obligations
all the countries where the Scheme invests. All these may and is generally low, as there is no exchange of principal
entail a higher outgo to the Scheme by way of taxes, amounts in a derivative transaction.
transaction costs, fees etc. thus adversely impacting its NAV
& resulting in lower returns to an Investor. l Illiquidity risk: This is the risk that a derivative cannot be
sold or purchased quickly enough at a fair price, due to
l Legal and Regulatory Risk: lack of liquidity in the market
Legal and regulatory changes could occur during the term Risk factors associated with investing in Securitised Debt
of the Scheme which may adversely affect it. If any of the
laws and regulations currently in effect should change or The Risks involved in Securitised Papers described below are the
any new laws or regulations should be enacted, the legal principal ones and does not represent that the statement of risks
requirements to which the Scheme and the investors may set out hereunder is exhaustive.
be subject could differ materially from current requirements l Limited Liquidity & Price Risk
and may materially and adversely affect the Scheme and
There is no assurance that a deep secondary market will
the investors. Legislation/ Regulatory guidelines could also
develop for the Certificates. This could limit the ability of
be imposed retrospectively.
the investor to resell them.
l Country Risk:
l Limited Recourse, Delinquency and Credit Risk
The Country risk arises from the inability of a country, to
The Credit Enhancement stipulated represents a limited
meet its financial obligations. It is the risk encompassing loss cover to the Investors. These Certificates represent an
economic, social and political conditions in a foreign undivided beneficial interest in the underlying receivables
country, which might adversely affect foreign investors' and do not represent an obligation of either the Issuer or
financial interests. In addition, country risks would include the Seller or the originator, or the parent or any affiliate
events such as introduction of extraordinary exchange of the Seller, Issuer and Originator. No financial recourse
controls, economic deterioration, bi-lateral conflict leading is available to the Certificate Holders against the Investors'
to immobilisation of the overseas financial assets and the

9 SID - HDFC Fixed Maturity Plans - Series 37

Representative. Delinquencies and credit losses may cause Risk Factors associated with Market Trading
depletion of the amount available under the Credit l Although Units of the respective Plan(s) as mentioned in
Enhancement and thereby the Investor Payouts to the this Scheme Information Document are to be listed on the
Certificate Holders may get affected if the amount available Exchange(s), there can be no assurance that an active
in the Credit Enhancement facility is not enough to cover secondary market will develop or be maintained.
the shortfall. On persistent default of a Obligor to repay
his obligation, the Servicer may repossess and sell the l Trading in Units of the respective Plan(s) on the Exchange(s)
Asset. However many factors may affect, delay or prevent may be halted because of market conditions or for reasons
the repossession of such Asset or the length of time required that in view of Exchange Authorities or SEBI, trading in Units
to realise the sale proceeds on such sales. In addition, the of the respective Plan(s) is not advisable. In addition,
price at which such Asset may be sold may be lower than trading in Units of the Scheme is subject to trading halts
the amount due from that Obligor. caused by extraordinary market volatility and pursuant to
Exchange and SEBI 'circuit filter' rules. There can be no
l Risks due to possible prepayments and Charge assurance that the requirements of Exchange necessary to
Offs maintain the listing of Units of the respective Plan(s) will
In the event of prepayments, investors may be exposed to continue to be met or will remain unchanged.
changes in tenor and yield. Also, any Charge Offs would l Any changes in trading regulations by the Stock Exchange(s)
result in the reduction in the tenor of the Pass Through or SEBI may inter-alia result in wider premium/ discount
Certificates (PTCs). to NAV.
l Bankruptcy of the Swap Bank l The Units of the respective Plan(s) may trade above or below
If the Swap Bank, becomes subject to bankruptcy their NAV. The NAV of the respective Plan(s) will fluctuate
proceedings then an Investor could experience losses or with changes in the market value of Plan's holdings. The
delays in the payments due under the Interest Rate Swap trading prices of Units of the respective Plan(s) will fluctuate
Agreement. in accordance with changes in their NAV as well as market
l Risk of Co-mingling supply and demand for the Units of the respective Plan(s).

With respect to the Certificates, the Servicer will deposit all l The Units will be issued in demat form through depositories.
payments received from the Obligors into the Collection The records of the depository are final with respect to the
Account. However, there could be a time gap between number of Units available to the credit of Unit holder.
collection by a Servicer and depositing the same into the Settlement of trades, repurchase of Units by the Mutual
Collection account especially considering that some of the Fund on the maturity date / final redemption date will
collections may be in the form of cash. In this interim depend upon the confirmations to be received from
period, collections from the Loan Agreements may not be depository(ies) on which the Mutual Fund has no control.
segregated from other funds of originator. If originator in l As the Units allotted under respective Plan(s) of the Scheme
its capacity as Servicer fails to remit such funds due to will be listed on the Exchange(s), the Mutual Fund shall
Investors, the Investors may be exposed to a potential loss. not provide for redemption / repurchase of Units prior to
Risk factors associated with Securities Lending maturity / final redemption date of the respective Plan(s).

As with other modes of extensions of credit, there are risks inherent B. REQUIREMENT OF MINIMUM INVESTORS IN THE
to securities lending, including the risk of failure of the other party, SCHEME
in this case the approved intermediary, to comply with the terms The individual Plan(s) under the Scheme shall have a minimum
of the agreement entered into between the lender of securities i.e. of 20 investors and no single investor shall account for more
the Scheme and the approved intermediary. Such failure can result than 25% of the corpus of the Plan(s). These conditions will
in the possible loss of rights to the collateral put up by the be complied with immediately after the close of the NFO itself
borrower of the securities, the inability of the approved i.e. at the time of allotment. In case of non-fulfillment with
intermediary to return the securities deposited by the lender and the condition of minimum 20 investors, the Plan(s) shall be
the possible loss of any corporate benefits accruing to the lender wound up in accordance with Regulation 39 (2) (c) of SEBI
from the securities deposited with the approved intermediary. (MF) Regulations automatically without any reference from
Risk factors associated with processing of transaction SEBI. In case of non-fulfillment with the condition of 25%
through Stock Exchange Mechanism holding by a single investor on the date of allotment, the
application to the extent of exposure in excess of the stipulated
The trading mechanism introduced by the stock exchange(s) is 25% limit would be liable to be rejected and the allotment
configured to accept and process transactions for mutual fund units would be effective only to the extent of 25% of the corpus
in both Physical and Demat Form. The allotment and/or redemption collected. Consequently, such exposure over 25% limits will
of Units through NSE and/or BSE or any other recognised stock lead to refund within 5 Business Days from the date of
exchange(s), on any Business Day will depend upon the modalities closure of the New Fund Offer.
of processing viz. collection of application form, order processing/
settlement, etc. upon which the Fund has no control. Moreover, C. SPECIAL CONSIDERATIONS
transactions conducted through the stock exchange mechanism l The information set out in the Scheme Information Document
shall be governed by the operating guidelines and directives issued (SID) and Statement of Additional Information (SAI) are for
by respective recognized stock exchange(s). general purposes only and do not constitute tax or legal
advice. The tax information provided in the SID/SAI does

SID - HDFC Fixed Maturity Plans - Series 37 10

if after due diligence. compliance requirements seek information or obtain and retain documentation used with respect to their eligibility for investment in the Units to establish identity. to subscribe could lawfully be made to them and such application form could lawfully be used without complying 11 SID . tax. issued by SEBI regarding the Anti Money Laundering (AML The Scheme(s) may however in future be registered in any Laws). Any person receiving a copy of this SID. of the Unitholder's investment in the Scheme. AMC. of the individual/firm he/she is entrusting his/her application each investor is advised to consult his/ her own professional form alongwith payment instructions for any transaction tax advisor to determine possible legal. that may arise. 2002. may also impact the ability of other Unit holders to redeem l In terms of the Prevention of Money Laundering Act. l Mutual funds investments are subject to market risks and Mutual Fund. dispatching liability arising from the use of this information. Units. The distribution to formulate and implement a client identification i. all intermediaries. their directors or their b) Distributors or sub-brokers through whom the employees shall not be liable for any of the tax consequences applications are received for the Scheme. SAI or such application form as application or prevent further transactions by a Unit holder. the Rules issued there under and the guidelines/circulars l The Scheme(s) have not been registered in any jurisdiction. Mutual Fund. or regulatory requirements or to verify the identity of l Redemption by the Unit holder either due to change in the the Unitholders for complying with anti-money fundamental attributes of the Scheme(s) or due to any other laundering requirements. have jurisdiction. The Mutual Fund/Trustee/AMC shall not other considerations for subscribing and/or redeeming the be responsible for any acts done by the intermediaries Units and/or before making a decision to invest/ redeem representing or purportedly representing such Investor. It may re-verify identity and obtain any of the Scheme(s). practice currently in force in India and of tax laws. missing or additional information for this purpose.. incidence and risks inherent in subscribing to the AMC/Mutual Fund/Trustee. verify and maintain prohibited due to registration or other requirements and the record of identity and address(es) of investors. including Mutual Funds. accordingly. programme. The Trustee. the SAI and the be liable for any such tax consequences that may arise. (KYC) is vital for the are required to inform themselves about and observe any prevention of money laundering. The applicability based on the law. The SAI or any accompanying application form in such jurisdiction Trustee / AMC shall have absolute discretion to reject any should not treat this SID. Redemption of Units by these entities may matters. except where otherwise stated. on HDFC Mutual Fund/ Scheme(s)/ are subject to changes therein. Banks and/or authorised external third parties the AMC nor any person connected with it accepts any who are involved in transaction processing. addenda thereto issued from time to time carefully in its l Subject to SEBI (Mutual Funds) Regulations. AMC. the Investor / Unit holder / a person Such persons should in no event use any such application making the payment on behalf of the Investor does not form unless in the relevant jurisdiction such an invitation fulfill the requirements of the Know Your Customer (KYC). persons who come in possession of this SID l The need to Know Your Customer. taxation or financial/investment Mutual Fund.Series 37 .Know Your Customer. The Investor is required to confirm the credentials In view of the individual nature of the tax consequences. reasons may entail tax consequences. if any. 1996 in the entirety before investing and should not construe the event of substantial investment by the Sponsors and their contents hereof or regard the summaries contained herein associates directly or indirectly in the Scheme(s) of the as advice relating to legal. The tax information contained in SID/SAI alone may not be sufficient and should not be used for the development l The AMC and/ or its Registrars & Transfer Agent (RTA) or implementation of an investment strategy or construed reserve the right to disclose/share Unit holder's details of as investment advice. not purport to be a complete description of all potential with any registration or other legal requirements by the tax costs. constituting an invitation to them to subscribe for Units. as and when the Trustee desires. investments made by the Scheme(s) and/or investors and/ or income attributable to or distributions or other payments l Investors are advised to rely upon only such information made to Unitholders are based on the understanding of and/or representations as contained in this SID. Investors alone shall be fully folio(s) and transaction details thereunder with the following responsible/ liable for any investment decision taken on third parties: the basis of this document. Neither the Mutual Fund nor a) RTA. l The Trustee. financial or in the Scheme(s). Any the prevailing tax legislations and are subject to adverse subscription or redemption made by any person on the interpretations adopted by the relevant authorities resulting basis of statements or representations which are not in tax liability being imposed on the HDFC Mutual Fund/ contained in this SID or which are inconsistent with the Scheme(s)/ Unitholders/ Trustee /AMC. of this SID in certain jurisdictions may be restricted or totally . information contained herein shall be solely at the risk of the Investor. in the event that the Schemes are wound c) Any other organizations for compliance with any legal up for the reasons and in the manner provided in SAI.HDFC Fixed Maturity Plans . and there can be no guarantee that the current tax position Statements in this SID are. Investors l Any dispute arising out of the Scheme(s) shall be subject should be aware that the fiscal rules/ tax laws may change to the non-exclusive jurisdiction of the Courts in India. Units of scheme(s) offered by HDFC Mutual Fund. their Units. There can be no assurance or guarantee that the have an adverse impact on the performance of the Scheme(s) Scheme objectives will be achieved and the investment because of the timing of any such Redemptions and this decisions made by the AMC may not always be profitable. The Trustee / AMC may such restrictions and/ or legal.e. as laid out herein may continue indefinitely. their directors or their employees shall not the Investors should review/study this SID. etc.

or (iii) A day on which the National Stock Exchange of India Limited is closed. “AMFI Certified Stock Exchange Brokers” A person who is registered with AMFI as Mutual Fund Distributor and who has signed up with HDFC Asset Management Company Limited and also registered with BSE & NSE as Participant. The services provided 18. Any potential conflicts D. (b) ensuring that the fund manager(s) of each rules/guidelines issued thereunder by SEBI/RBI. will not play any role in the such information in connection therewith to such authorities day-today operations of the AIF Fund. which is formed as a trust and has received registration investment advice. or (vi) A day on which normal business cannot be transacted due to storms. unless the context otherwise requires: “AMC” or “Asset Management HDFC Asset Management Company Limited. or (v) A day on which Sale / Redemption / Switching of Units is suspended by the AMC. The AMC reserves the right to declare any day as a Business Day or otherwise at any or all Investor Service Centres. (a) Category I foreign portfolio investors.l If after due diligence the Trustee / AMC has reason to between the AIF Fund and the Mutual Fund will be adequately believe that any transaction is suspicious in nature as addressed by (a) compliance with the requirements under regards money laundering. floods.II ("AIF information. “Applicable NAV” The NAV at which Units will be compulsorily redeemed on maturity of the respective Plan(s) under the Scheme. incorporated under the Company” or “Investment Manager” provisions of the Companies Act. 1993. as amended vide Registration No. IN/AIF2/ 12-13/0038. (ii) there exists a Registration is valid till the expiry of the last scheme set up system to prohibit access to insider information as envisaged under the AIF Fund. investment management and non-binding Fund"). 2016 to act as a Portfolio Manager under the SEBI by the AMC for the said Business Activity shall inter-alia (Portfolio Managers) Regulations. or (ii) A day on which the banks in Mumbai and/ or RBI are closed for business/ clearing. furnish any scheme of the Mutual Fund. The AMC will also include India focused research. the AMC shall report such Regulation 24(b) of the SEBI (Mutual Funds) Regulations. . 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. and (iii) Interest of the Unit holder(s) of launching its first scheme. connection the Trustee / AMC reserves the right to reject l The AMC offers management and/or advisory services to: any such application at its discretion. transactions to competent authorities under PMLA and 1996. and the key investment and take any other actions as may be required for the team of the AIF Fund is not involved with the activities of purposes of fulfilling its obligations under PMLA and rules/ the Mutual Fund. acts as an investment manager regulated broad based funds investing in India through to the Alternative Investment Fund (AIF) and such activities fund manager(s) managing the schemes of the Fund are not in conflict with the activities of the Mutual Fund. and/or (b) Category l The AMC offers portfolio management / non-binding II foreign portfolio investors which are appropriately investment advisory services. (“Business Activity”) as permitted under Regulation 24(b) The AMC has renewed its registration obtained from SEBI of the SEBI (Mutual Funds) Regulations. and (c) ensuring that there is no interse guidelines issued thereunder without obtaining prior transfer of assets between the Mutual Fund and any scheme approval of the Unitholder/any other person. the AMC shall ensure that (i) there is no conflict Registration No.Series 37 12 . strikes or such other events as the AMC may specify from time to time. bandhs. In this of the AIF Fund. DEFINITIONS In this Scheme Information Document. 1996. The Certificate of of interest with the activities of the Fund. the following words and expressions shall have the meaning specified herein. AIF Fund is currently in the process under the Regulations. The AMC will ensure that there of the Scheme of the Fund are protected at all times. or (iv) A day which is a public and /or bank holiday at a Investor Service Centre where the application is received.PM / INP000000506 dated February from time to time (“the Regulations”). SID . “Business Day” A day other than: (i) Saturday and Sunday. While. statistical and analytical act as the investment manager for HDFC AMC AIF . undertaking the said Business as a Category II Alternative Investment Fund from SEBI vide Activity.HDFC Fixed Maturity Plans . "ARN Holder" or "AMFI Intermediary registered with Association of Mutual Funds in India (AMFI) to carry registered Distributors" out the business of selling and distribution of mutual fund units and having AMFI Registration Number (ARN) allotted by AMFI. are no material conflicts of interest. “Beneficial owner“ Beneficial owner as defined in the Depositories Act 1996 (22 of 1996) means a person whose name is recorded as such with a depository.

1996. to 5. Mumbai. the sum of money deducted from the Applicable NAV on the Redemption / Switch-out and in the case of Sale / Switch-in 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. half-yearly. dividend reinvestment.“Business Hours” Presently 9. 1992. share. 2014. “Custodian” 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. “Foreign Portfolio Investor” or “FPI” FPI means a person who satisfies the eligibility criteria prescribed under Regulation 4 and has been registered under Chapter II of Securities and Exchange Board of India (Foreign Portfolio Investor) Regulations. (including transaction charges paid to the distributor) and holding at the end of the month. 1944. “Gilts or Government Securities” 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. purchase. monthly. ”Investment Management Agreement” The agreement dated June 8. dividend payout. “Exit Load” or “Redemption Load” Load on Redemption / Switch out of Units.m. switch.7/104753/ 07 dated September 26. “Consolidated Account Statement” Consolidated Account Statement is a statement containing details relating to all the transactions across all mutual funds viz. (NSE) / BSE Ltd. registered with SEBI under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations. if that date is not a Final Redemption Date” Business Day) on which the Units under the respective Plans will be compulsorily and without any further act by the Unit holder(s) redeemed at the Applicable NAV. “Maturity Date / The date (or the immediately following Business Day. (BSE) and such other stock exchange(s) recognised by SEBI where the Units of the respective Plan(s) offered under the Scheme are listed. quarterly. as amended from time to time.m. 1996 (22 of 1996) and in this SID refers to National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL). 1995. The periodicity of the interest reset could be daily. “Foreign Debt Securities” Foreign Debt Securities as specified in SEBI circular SEBI/IMD/CIR No. risk instrument or contract for differences or any other form of security. systematic investment plan. “Floating Rate Debt Instruments” Debt instruments issued by Central and / or State Government. “Depository” Depository as defined in the Depositories Act. "Depository Records" Depository Records as defined in the Depositories Act. systematic transfer plan and bonus transactions. as amended from time to time. annually or any other periodicity that may be mutually agreed with the issuer and the Fund. “Load” In the case of Redemption / Switch-out of a Unit. (ii) a contract which derives its value from the prices or index of prices or underlying securities. 2007 and any subsequent amendments thereto specified by SEBI and/or RBI from time to time.30 a.Series 37 . “Investor Service Centres” or “ISCs” 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.30 p. as amended or re-enacted from time to time. systematic withdrawal plan.HDFC Fixed Maturity Plans . 13 SID . 1996 (22 of 1996) includes the records maintained in the form of books or stored in a computer or in such other form as may be determined by the said Act from time to time. “Entry Load” or “Sales Load” Load on Sale / Switch in of Units. "Depository Participant" or “DP“ A person registered as such under subsection (1A) of section 12 of the Securities and Exchange Board of India Act. on any Business Day or such other time as may be applicable from time to time. corporates or PSUs with interest rates that are reset periodically. “Holiday” 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. "Exchange” / “Stock Exchange" National Stock Exchange of India Ltd. 2000 entered into between HDFC Trustee Company Limited and HDFC Asset Management Company Limited. The interest on the instruments could also be in the nature of fixed basis points over the benchmark gilt yields. which for the time being is HDFC Bank Limited. “Dividend” Income distributed by the Mutual Fund on the Units. “Foreign Institutional Investor” or “FII” FII means Foreign Institutional Investor. redemption. loan whether secured or unsecured. etc. “Derivative“ Derivative includes (i) a security derived from a debt instrument.

to comply with any requirement of the SEBI (Credit Rating Agencies) Regulations. such that the New Fund Offer Period does not exceed 15 days. usance bills and any other like instruments as specified by the Reserve Bank of India from time to time. “New Fund Offer Period” of the Plan(s) The date on or the period during which the initial subscription of Units of the respective Plan(s) can be made subject to extension. Government securities having an unexpired maturity upto one year. currently or “RTA” acting as registrar to the Scheme. certificate of deposit. as specified by AMC from time to time where application for subscription / redemption / switch will be accepted on ongoing basis. if (a) he at any time held an Indian passport. established under the Securities and Exchange Board of India Act. “Reverse Repo” Purchase of Securities with a simultaneous agreement to sell them at a later date “Redemption” Redemption of Units of the Scheme as permitted. expressed in the form of standard symbols or in any other standardised manner. “Sale / Subscription” Sale or allotment of Units to the Unit holder upon subscription by the investor / applicant under the Scheme. “Money Market Instruments” Includes commercial papers. “RBI” Reserve Bank of India. Each such Plan being a distinct entity is of the nature of a scheme under the SEBI (MF) Regulations. instructions or guidelines to the Mutual Fund. calculated in the manner described in this Scheme Information Document or as may be prescribed by the SEBI (MF) Regulations from time to time. 1999.Series 37 14 . or (c) the person is a spouse of an Indian citizen or person referred to in sub-clause (a) or (b). “Registrar and Transfer Agent” Computer Age Management Services Pvt. “SEBI (MF) Regulations” or Securities and Exchange Board of India (Mutual Funds) Regulations. SID .01. “Rating“ An opinion regarding securities. as “Regulations” amended from time to time. "Overseas Citizen of India" or "OCI" A person registered as an overseas citizen of India by the Central Government under section 7A of 'The Citizenship Act. “Regulatory Agency” GOI. Sale of Securities with simultaneous agreement to repurchase them at a later date.1950 or was a citizen of India on or at any time after 26. 1955'. 1882.37” HDFC Fixed Maturity Plans .Series 37 and each of the Plans launched thereunder including the Options offered under such Plans referred to individually as the Plan and collectively as the Plans or the Scheme in this Scheme Information Document. “Scheme / Plan / HDFC FMP . offering Units of respective Plan(s) or “SID” under the Scheme for subscription. The Central Government may register as an OCI a foreign national (except a person who is or had been a citizen of Pakistan or Bangladesh or such other person as may be specified by Central Government by notification in the Official Gazette). Limited (CAMS). a trust set up under the provisions of the Indian Trusts Act.1950 or belonged to a territory that became part of India after 15. “Non-Resident Indian” or “NRI” A person resident outside India who is either a citizen of India or a person of Indian origin. if any. 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. “Official Points of Acceptance” Places. assigned by a credit rating agency and used by the issuer of such securities.1947 and his/her children and grand children (including Minor children). call or notice money. Chennai.08. or any other registrar appointed by the AMC from time to time. “Net Asset Value“ or “NAV” Net Asset Value per Unit of the respective Plans. “Person of Indian Origin“ or “PIO” A citizen of any country other than Bangladesh or Pakistan. SEBI. 1996. 1992. 1934. commercial bills. who was eligible to become a citizen of India on 26. treasury bills. RBI or any other authority or agency entitled to issue or give any “Repo” directions. “SEBI” Securities and Exchange Board of India. “Scheme Information Document” This document issued by HDFC Mutual Fund. “New Fund Offer” of the Plan(s) Offer for purchase of Units of the Scheme during the New Fund Offer Period of the Plan(s) as described hereinafter. “Mutual Fund” or “the Fund” HDFC Mutual Fund. 1955 (57 of 1955).01. established under the Reserve Bank of India Act. provided his/her country of citizenship allows dual citizenship in some form or other under the local laws.HDFC Fixed Maturity Plans .

2000 made by and between HDFC and HDFC Trustee Company Limited (“Trustee”). at a negotiated compensation in order to enhance returns of the portfolio. carried out by the Beneficial Owner(s) (including transaction charges paid to the distributor) across all schemes of all mutual funds and transactions in securities held in dematerialized form across demat accounts. 2003 and June 19. except as otherwise expressly provided or unless the context otherwise requires : n all references to the masculine shall include the feminine and all references to the singular shall include the plural and vice-versa. purchase. thereby establishing an irrevocable trust. “Stock Lending” Lending of securities to another person or entity for a fixed period of time. “Trust Deed” The Trust Deed dated June 8. and certain tax. dividend reinvestment.Series 37 . legal and general information. switch. dividend payout. “Statement of Additional Information” The document issued by HDFC Mutual Fund containing details of HDFC Mutual or “SAI” Fund. of the Units of the scheme(s) from where the Units are being switched. n all references to “dollars” or “$” refer to United States Dollars and “Rs. E. ABBREVIATIONS In this Scheme Information Document the following abbreviations have been used. SAI is legally a part of the Scheme Information Document. “Sponsors” or “Settlors” Housing Development Finance Corporation Limited and Standard Life Investments Limited. AMC Asset Management Company AMFI Association of Mutual Funds in India ASBA Applications Supported by Blocked Amount BSE BSE Limited CAGR Compound Annual Growth Rate CBLO Collateralised Borrowing & Lending Obligations CDSL Central Depository Services (India) Limited DP Depository Participant ECS Electronic Clearing System EFT Electronic Funds Transfer FCNR A/c Foreign Currency (Non-Resident) Account FII Foreign Institutional Investor FPI Foreign Portfolio Investor GOI Government of India ISC Investor Service Centre KRA KYC Registration Agency KYC Know Your Customer MIBOR Mumbai Inter-Bank Offer Rate 15 SID . "Securities Consolidated Account Securities Consolidated Account Statement (‘SCAS’) is a statement sent by the Statement ('SCAS')" Depository that shall contain details relating to all the transaction(s) viz. during the month and holdings at the end of the month. “Unit” The interest of the Unit holder which consists of each Unit representing one undivided share in the assets of the Scheme. n all references to timings relate to Indian Standard Time (IST). systematic investment plan. its constitution. redemption.HDFC Fixed Maturity Plans . “Switch” 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. systematic withdrawal advantage plan. A “crore” means “ten million” and a “lakh” means a “hundred thousand”. bonus transactions. if any. systematic transfer plan. subject to completion of lock- in period. 2003. “Unit holder” or “Investor” A person holding Unit in the Scheme / Plan of HDFC Mutual Fund offered under this Scheme Information Document. etc. INTERPRETATION For all purposes of this Scheme Information Document. called HDFC Mutual Fund and deed of variations dated June 11.” refer to Indian Rupees.

fair and adequate to enable the investors to make a well informed decision regarding investment in the proposed scheme. issued by the Government and any other competent authority in this behalf. instructions.Series 37 16 . NAV Net Asset Value NECS National Electronic Clearing Service NEFT National Electronic Funds Transfer NFO New Fund Offer NRE A/c Non-Resident (External) Rupee Account NRI Non-Resident Indian NRO A/c Non-Resident Ordinary Rupee Account NSDL National Securities Depositories Limited NSE National Stock Exchange of India Limited OCI Overseas Citizen of India PAN Permanent Account Number PEKRN PAN Exempt KYC Registration Number PIO Person of Indian Origin RTA Registrar and Transfer Agent RBI Reserve Bank of India RTGS Real Time Gross Settlement SAI Statement of Additional Information SEBI Securities and Exchange Board of India SID Scheme Information Document F. (iii) The disclosures made in the Scheme Information Document are true. 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. which reads as follows: It is confirmed that: (i) The Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds) Regulations. (iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid. (ii) All legal requirements connected with the launching of the scheme as also the guidelines. etc.. as on date. 1996 and the guidelines and directives issued by SEBI from time to time. have been duly complied with. Signed : Sd/- Place : Mumbai Name : Yezdi Khariwala Date : July 7. 2016 Designation : Chief Compliance Officer SID .HDFC Fixed Maturity Plans .

keeping in view 17 SID . The respective this can lead to temporary illiquidity. The securities lent will be returned by the borrower on the expiry of the stipulated period. 2017 in Debt. 2009 Type of Instruments* Indicative allocation Risk Profile and framework for short selling and borrowing and lending of (% of total assets) securities notifed by SEBI vide circular No MRD/DoP/SE/Dep/Cir- Minimum Maximum High / Medium 14/2007 dated December 20. the respective Plan(s) may enter into repos/ reverse repos as may be permitted by RBI. TYPE OF THE SCHEME: The respective Plan(s) under the Scheme shall not (i) undertake The Scheme is a close-ended income scheme comprising repo / reverse repo transactions in Corporate Debt Securities. Government Securities 2. From time to time. The Minimum Maximum High / Medium maximum derivative position will be restricted to 20% of the Net / Low Assets of the respective Plan(s). A. thereunder several investment Plan(s) which seek to generate (ii) undertake Credit Default Swaps and (iii) undertake Short income through investments in Debt / Money Market Instruments Selling. 1999. as amended from time to time. Not more than 20% of the net assets of the respective Plan(s) /Low under the Scheme can generally be deployed in Stock Debt Instruments@ and 80 100 Medium Lending. the Scheme shall not invest commercial banks. Not more than 5% of the net assets of the respective Plan(s) Money market Instruments 0 20 Low under the Scheme can generally be deployed in Stock Lending to any single approved intermediary. will not be Under this SID. 1997. These may be taken to hedge the Type of Instruments* Indicative allocation Risk Profile portfolio. in accordance with guidelines stipulated The Scheme may not be able to sell such lent out securities and in this regard by SEBI and RBI from time to time. (HDFC FMP 1199D January 2017 (1)) and the NFO will The net assets of the Plan(s) under the Scheme will be invested open on January 23.Series 37 . if undertaken. on Page 23 under the ‘Intended Portfolio Allocation’. and Government Securities maturing on or before the maturity date of the respective Plan(s). would not exceed Change in Asset Allocation Pattern 75% of the net assets of the Scheme Subject to SEBI (MF) Regulations.II. SEBI Circular No MFD/CIR/ 01/ 047/99 dated February 10. giving due notice to the investors. the Scheme seeks to engage in Stock Lending. the AMC may park the funds detailed on Page 19 under D. A part of the net assets SCHEME? may be invested in the Collateralised Borrowing & Lending The objective of the Plan(s) under the Scheme is to generate Obligations (CBLO) or repo as may be permitted by RBI to meet income through investments in Debt / Money Market Instruments the liquidity requirements. *Investment in Securitised debt. However. the asset allocation pattern indicated above may change from time to time. 2007. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? it is in conformity with the investment objectives of the Scheme ASSET ALLOCATION: and in terms of the prevailing SEBI (MF) Regulations. There is no assurance that the managed by the AMC or by any other mutual funds as detailed investment objective of the Scheme will be realized. provided C. Broad asset allocation of the portfolio of respective Plan(s) to The respective Plan(s) may take derivatives position (fixed income) be followed: based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the investment For Plans having tenure from 15 days to 400 Days objective of the Scheme. Where will the Scheme invest?) of the respective Plan(s) in short term deposits of scheduled subject to regulatory limits. SEBI For Plans having tenure from 401 Days to 36 months / IMD / CIR No 14 / 187175/ 2009 dated December 15. For Plans having tenure above 36 months to 126 months Type of Instruments* Indicative allocation Risk Profile The AMC shall adhere to the following limits should it engage (% of total assets) in Stock Lending: Minimum Maximum High/Medium 1. The balance 7 Plans will be launched after maturing on or before the maturity date of the respective Plan(s). at a negotiated compensation in order Money market Instruments 0 30 Low to enhance returns of the portfolio. a Plan of 1199 days tenure is launched considered in calculating above exposure. INFORMATION ABOUT THE SCHEME @Includes CDs issued by All-India Financial Institutions permitted by RBI from time to time. and Government Securities maturing on or before the maturity The respective Plan(s) may invest in Debt/ Liquid schemes date of the respective Plan(s). Stock Debt Instruments@ and 70 100 Medium Lending means the lending of stock to another person or entity Government Securities for a fixed period of time. *The respective Plan(s) may seek investment opportunity in the Foreign Debt Securities. The total gross exposure through investment in debt + money market instruments + derivatives (fixed income) shall not exceed Each HDFC Fixed Maturity Plan will be managed as a separate 100% of net assets of the Scheme. WHAT IS THE INVESTMENT OBJECTIVE OF THE the respective Plan(s) may hold cash. Plan(s) shall not have an exposure of more than 35% of its assets Pending deployment of funds of the respective Plan(s) in securities in foreign debt securities (including approved instruments as in terms of the investment objective. 2017 and close on January 30. Security wise hedge positions portfolio. its circular dated April 16.HDFC Fixed Maturity Plans . Subject to be above. Money market instruments and Government Securities for subscription. as may be amended from / Low time to time. subject to the guidelines issued by SEBI vide in Units/securities issued by overseas mutual funds. 2007. Debt Instruments@. B. SEBI Circular no. Money 0 100 Low to Medium Subject to the SEBI (MF) Regulations and in accordance with market Instruments and Government Securities Securities Lending Scheme. using derivatives such as Interest Rate Swaps. etc. rebalance the same or to undertake any other strategy (% of total assets) as permitted under SEBI (MF) Regulations from time to time.

in case the portfolio is not re-balanced. Further. These proportions may vary substantially depending l Fixed Coupon Bonds upon the perception of the AMC.70 .08 .AAA Rated 7.14 l State Government Loans 10 Year Government of India Security 7. Government Debt vary from time to time. market opportunities.08 . SID . the Fund Manager will l Fixed Coupon Debentures rebalance the same within the period as specified in the table l Floating Rate Debentures below. 8. are actively traded and offer a viable investment option. n Instruments issued by Corporate Bodies l Commercial Paper In the event of the asset allocation falling outside the limits l Non-Convertible Debentures specified in the asset allocation table. into two categories. Debt Market in India The following table gives approximate yields prevailing during The instruments available in Indian Debt Market are classified the month of August 15.53 . n Treasury Bills More than 30 days 5 days n Government Securities with a residual maturity of < 1 year upto 90 days n Commercial Paper n Certificates of Deposit More than 90 days 15 days n Bills Rediscounting Scheme upto 180 days Though not strictly classified as Money Market Instruments.HDFC Fixed Maturity Plans . These market instruments appreciate/ depreciate resulting in deviation instruments comprise close to 60% of all outstanding debt and of the specified limits mentioned under asset allocation table more than 75% of the daily trading volume on the Wholesale Debt and intended portfolio allocation respectively. 7.56 l Floating Rate Bonds 364 Day Treasury Bill 6. overall liquidity position.30 l Coupon Bearing Bonds 15 Year Government of India Security 7. 2016 on some of the instruments.41 B] Non-Government Debt 1 Year Corporate Bond . 7. the intention being at all times l Floating Rate Bonds to seek to protect the interests of the Unit holders. Tenure of the Plan Rebalancing period n Overnight Call Upto 30 days No Rebalancing Period.04 l Government Guaranteed Bonds l PSU Bonds Source: Bloomberg n Instruments issued by Public Sector Undertakings These yields are indicative and do not indicate yields that may l Commercial Paper be obtained in future as interest rates keep changing consequent l PSU Bonds to changes in macro economic conditions and RBI policy. activity levels of the Government and Non- ongoing exposure. foreign exchange scenario etc. namely Government and Non .84 .05 . applicable regulations l Certificates of Deposit and political and economic factors. Activity in the Primary and Secondary Market is dominated by However.AAA Rated 7. More than 180 days 30 days PSU/ DFI/ Corporate paper with a residual maturity of < 1 year.71 . 7. 6. The l Pass Through Certificates investment committee shall then decide on the course of action. if the values of debt/money Central Government Securities including Treasury Bills.Series 37 18 . n Central Government Debt Instrument Yield Range n Treasury Bills (% per annum) n Dated Government Securities Inter bank Call Money 6.89 Statutory Bodies 5 Year Corporate Bond . 7.market conditions. the price and yield vary according to maturity profile. n Repo/Reverse Repo Agreements Hence there shall not be any n Collaterilsed Borrowing & Lending Obligations (CBLO) deviations.65 . due to market action. may or may not rebalance the portfolio and may run with the In the money market. Instruments that comprise a major portion of money market activity include. the fund manager Market Segment of the National Stock Exchange of India Limited. 6.90 l Coupon Bearing Bonds 91 Day Treasury Bill 6.75 l Zero Coupon Bonds A1+ Commercial Paper 90 Days 6. The l Fixed Coupon Bonds price and yield on various debt instruments fluctuate from time l Floating Rate Bonds to time depending upon the macro economic situation. 7. 6. Such changes l Zero Coupon Bonds in the investment pattern will be for short term and only for defensive considerations.03 .Government These yields are indicative and do not indicate yields that may debt.AAA Rated 7.57 . The instruments available in these categories include: be obtained in future as interest rates keep changing consequent A] Government Debt to changes in macro economic conditions and RBI policy. n Instruments issued by Banks and Development Financial Also. justification for the same shall be placed before the investment committee l Zero Coupon Debentures and reasons for the same shall be recorded in writing. 6.08 n State Government Debt 5 Year Government of India Security 7. inflation l Zero Coupon Bonds rate.85 n Instruments issued by Government Agencies and other 3 Year Corporate Bond . credit Institutions risk etc. It must be clearly understood l Promissory Notes that the percentages stated above are only indicative and not l Bonds absolute.

known as credit spread.Gnerally. Government Agencies international debt markets is very wide. the prior approval of 3 years 0. international 7.Bloomberg) Page 28. Treasury bills Investments in international markets are most often in U. However.HDFC Fixed Maturity Plans .31 Trustee in their periodical reports. MFD/CIR/9/120/2000 dated November and major political changes globally. overseas debt markets offer a state / central government guarantee). rated / unrated. The at August 15.63 under SEBI (MF) Regulations mentioned under section 10 years 2.06 mentioned on Page 17. housing flexibility to invest in the entire range of debt instruments finance company. The higher rated (Public / Private sector undertakings). bonds. placements has been discontinued. 1 year 0. Commercial bills 3. deep discount bonds. In terms of diverse and statutory bodies (which may or may not carry instruments as well as liquidity.86 Investments in Debt and Money Market Instruments will be as per the limits specified in the asset allocation table as 2 years 1.55 those in money market instruments shall have an even lower risk profile.Series 37 .46 complied with. which is no longer restricted to the limited 3. The securities D. secured premium notes. privately placed. zero difference. Permitted securities under a repo/ reverse repo bond prices are influenced to a large extent by a number of agreement (other than Corporate Debt Securities) other factors. Certificate of deposit Besides factors specific to the country / issuer. The maturity profile of debt instruments Source : H. how the parameters have been 6 months 0. AA and AA+ as US AAA curve secondary market purchases.. the AMC may constitute committee(s) to approve The approximate yields to maturity in the US Bond Market as proposals for investments in unrated debt instruments. It would also be clearly mentioned in the reports. Pursuant to major currencies. non-banking finance company. but are not limited to: Overseas Debt Market 1. Debt instruments issued by Corporate Entities papers available in the domestic debt market. The details of such Maturity US Treasury yields (%) investments would be communicated by the AMC to the 3 months 0. of top quality debt. in case any unrated debt security 2 years 0.15. 24. for instruments issued by a non-Government entity more specifically highlighted below: (corporate / PSU bonds). The corpus of the respective Plan(s) under the Scheme shall be invested in any (but not exclusively) of the following securities: n Investment in Securitised Debt l Debt instruments: A securitisation transaction involves sale of receivables by the The respective Plan(s) under the Scheme will retain the originator (a bank. chief among these are the international economic Investment in debt securities will usually be in instruments. Commercial papers benefits of risk reduction. Collaterlised Borrowing & Lending Obligation European Union and London offer the most liquidity and depth (CBLO) of instruments. Federal Reserve Statistical Release will be selected in accordance with the AMC's view regarding Maturity US AA current market conditions. dollars. trading which have been assessed as "high investment grade" by volumes in overseas markets. Though this market is geographically well- spread across global financial centres. quasi-government and corporate debt offer 4. 2. cross currency movements among at least one credit rating agency authorised to carry out such activity under the applicable regulations. Debt instruments issued by Public / Private sector lower default risk in addition to offering a high degree of banks and development financial institutions. interest rate outlook and the Corporate Bond yield rate* (%) stability of ratings. bond / notes and any other domestic fixed income securities) include. State The nature and number of debt instruments available in and local Governments. unlisted. outlook. The debentures. Investment in 5 years 1.72 does not fall under the parameters. 2000. 2. other public offers.S. though the Euro. Investments in debt will be made through primary or * Composite curve include AA–.14 debt instruments shall generally have a low risk profile and 10 years 1. Government securities having an unexpired maturity upto one year major currencies. the yield is higher than the yield on l Debt instruments (in the form of non-convertible a Government Security with corresponding maturity. 6. 5. Debt issuances of the Government of India. or a manufacturing/service company) to a and money market instruments.S. Debt instruments that have been guaranteed by Investment in international debt greatly expands the universe Government of India and State Governments. 2016 are as follows AMC Board and the Trustee shall approve the detailed parameters for such investments. and right offers (including renunciation). the markets in the U. a much wider universe of top quality debt and also potential gains from currency movements. Pound Sterling and the Yen are also 4.42 'WHAT ARE THE INVESTMENT RESTRICTIONS?' on (Source . These instruments are Special Purpose Vehicle (SPV). liquidity since these are traded across major international l Money Market Instruments include: markets. great depth and are extremely well developed. Investments in rated international debt offer multiple 1. WHERE WILL THE SCHEME INVEST? could be listed. typically set up in the form of a 19 SID . changes in interest rates in major economies. subject to permissible limits laid 5 years 1. secured / unsecured. overseas sovereign. rating changes of countries / corporations SEBI Circular No. floating rate of the entity.85 Board of AMC and Trustee shall be sought. depends on the credit rating interest bonds.

Credit quality. Company specific factors l Commercial vehicles In addition. risk management system of the originator and availability of the proceeds of which are paid as consideration to the originator. Collection process. Investors are issued rated Pass Through Certificates (PTCs). also includes detailed credit assessment wherein following the transaction is provided with a limited amount of credit factors are also considered: enhancement (as stipulated by the rating agency for a target rating). construction investment grade credit rating and established track record. used). The level of diversification with respect to the underlying assets. results in creation of strong asset In this manner. . which provides protection to investors against defaults .HDFC Fixed Maturity Plans . nature of the asset class. l Insufficient track record of servicing of the pool or the loan. The a. a detailed review and assessment of rating rationale l Auto and two wheeler pools is done along with interactions with the company as well as the rating agency. as the case may be investment in securitised debt is made to maintain a diversified l Poor reputation in market portfolio of debt securities that optimizes return without increasing the overall risk profile of the Scheme(s). unsecured loans to individuals acts as a risk mitigation measure. pattern of the distribution.e. commercial vehicles. credit rating. Nature of receivables/asset category i. construction equipment. past performance of similar pools by the originator. Credit appraisal norms of originator and underwriting process and capabilities of the originator. however. Outlook for the industry Generally available asset classes for securitisation in India are: . etc. which has initially provided the so as to mitigate risk associated with such investment: loan & is also generally responsible for servicing the loans. as indicated prudent mix of asset categories . 2. companies. 4. Typically. Credit cum liquidity enhancement The investment in securitised debt is done based on origination f. All investment in securitised debt is done l Mortgage pools (residential housing loans) after taking into account. as the case may be the scheme to optimize its income without taking any additional l Higher proportion of overdue assets of the pool or the credit risk.Series 37 20 . credit card and other retail loans pool loan and single loan securitisation transactions) regarding l Corporate loans/receivables the originator / underlying issuer as mentioned below: Investment / Risk Mitigation Strategy l Default track record/ frequent alteration of redemption 1. non-banking finance Investments are based on assessment of following parameters. Securitised debt is generally less liquid. Quality of MIS l Track record e. cars. Risk profile of securitised debt vis-à-vis risk appetite of conditions / covenants the Scheme(s) l High leverage ratios of the ultimate borrower (for single- The risk profile of securitised debt is generally at par with the sell downs) . Risk mitigation measures for less diversified investments in pools is accomplished through the size of credit enhancement. Investors are paid from The business risk assessment of originator / underlying borrower the collections of the underlying loans from borrowers. which enables of the pool or loan. NPAs. g. Risk mitigation strategies for investments with each debt. Securitised debt offers additional income (spread) over l Higher proportion of reschedulement of underlying assets a debt security of similar rating and maturity. portfolio & characteristics of the pool vis-a-vis of the portfolio. the Critical Evaluation Parameters (for l Personal loan. personal loans etc. MIS reports on timely basis. financial condition of the company. size and reach of the originator schemes will invest in securitised debt of originators with at least b. The size of the credit or small & medium enterprises b) total number of contracts in enhancement as indicated by rating agency depends on the a pool c) average ticket size of loans and d) geographical originator's track record. A robust SID . detailed evaluation of originator is done before the investment c. Outlook for the economy (domestic and global) by the underlying borrowers. track record.i. as the case may be. the originator. past delinquencies. and risk mitigation measures for less diversified l Willingness to pay through credit enhancement facilities investments etc. commercial by rating agencies. corporates etc). by selling his loan receivables portfolio. to an SPV.portfolio delinquency levels overview of corporate structure. receives consideration from investors much before l Business Risk Assessment the maturity of the underlying loans. geographic diversity etc. group to which they belong. cars (new. etc kind of originator The originator is an entity (like banks. Asset Quality . Loan-to-value ratios.seasoning. h. Past performance of rated pools experience of the company in the business & how long they i.trust.e. so as to adequately cover the defaults and vehicles.both on a standalone basis as well on a risk profile of other debt securities at the same level of credit consolidated level/ group level rating. Diversification of underlying assets is achieved through a) Credit enhancement is provided by the originator. underlying loan. losses in earlier securitised 3. A equipment. infrastructure and follow-up mechanism is made in securitised debt of any originator on various parameters given below: d. Pool Characteristics . Policy relating to originators based on nature of originator. have been in the business. The quality of the origination impacts the performance of the underlying asset & thus originators with strong systems and processes in place can eliminate poor quality assets. l Ability to pay seasoning or loan to value ratios.

Such short-term deposits shall be held in the name prescribed. Other investment will be decided on a case to case basis.15% 4-15% NA NA (including cash. pool characteristics.Not Applicable Information in the table above is based on current scenario and is subject to change depending upon the change in related factors. etc. 1/ 91171 / vehicles. Information on these parameters is available l Structure of the pool through monthly reports from Pool Trustees and through 5. In case of securitised debt with underlying being single 7. the investment limit applicable to the underlying mutual fund invests in securitised debt of an originator borrower is considered. asset quality. SEBI/IMD/CIR No.Illustrative framework. commercial as per SEBI Circular No. Notes: A. particular scheme of the fund All proposals for investment in securitised debt are evaluated In case of asset backed pools (ABS). Minimum retention percentage by originator of debts 1. above which illustrates the averages of parameters considered credit rating of the securitisation transaction. any amount retained by the originator through of the respective Plan(s) of the Scheme. subordination is viewed positively at the time of making investment 3. prepayments and utilization of credit enhancement. Minimum retention period of the debt by originator information disseminated by the rating agencies. as may be amended from time depending on the nature of asset. "Short Term" for parking of funds shall be treated as to be securitised a period not exceeding 91 days. of the net assets in short term deposit(s) of all the scheduled commercial banks put together.Series 37 . However.) and generally varies from one month to six months 07 dated April 16. l Loan to Value Ratio 8. guarantees. 21 SID . the respective Plan(s) shall abide by the following guidelines seasoning of loans to various asset classes (cars. 2007. excess interest spread.20% 4. Minimum retention period of the debt by originator prior to l Where the monies are parked in short term deposits of securitisation in the case of asset pools is in the form of Scheduled Commercial Banks pending deployment. and credit cum while selecting the pool) liquidity enhancement available. evaluation of the pool by the credit analyst based on several parameters such as nature assets is done considering the following factors: (Refer the table of underlying asset category. delinquencies. and the originator in turn makes investments in that B. Monthly prior to securitisation performance report is released by the credit analyst to the fund The illustrative average seasoning of the debt by originator prior management team and the fund management team periodically to securitisation is given above in table (Refer Point 4). which will be applied while evaluating investment decision relating to a pool securitisation transaction: Characteristics/ Mortgage Commercial Car 2 wheelers Micro Personal Single Others Type of Pool Loan Vehicle and Finance Loans Sell Construction Pools Downs Equipment Approximate Average NA 12-60 months 12-60 months 8-40 months NA NA maturity (in Months) Collateral margin NA 5% .HDFC Fixed Maturity Plans . reviews the same. Investment in securitised debt l Size of the loan in any scheme is made by the respective fund manager in line l Average original maturity of the pool with the investment objective of that scheme. The respective Plan(s) shall not park more than 15% and generally varies from 5% to 10%. The resources and mechanism of individual risk l Average seasoning of the pool assessment with the AMC for monitoring investment l Default rate distribution in securitised debt (in general) l Geographical Distribution Investment in securitised debt is monitored regularly with regards l Credit enhancement facility to its performance on various parameters such as collection l Liquid facility efficiency. subordinate tranche) Average Loan to NA 80-95% 70-90% 70-95% NA NA Refer Note Refer Note Value Ratio A B Average seasoning NA 3-8 months 3-8 months 2-5 months NA NA of the Pool Maximum single exposure NA 3-7% NA NA NA NA range (Retail pool) (Retail Pool) Average single exposure NA 1-5% 0-1% 0-1% NA NA range % NA . While minimum retention percentage by originator is not 2. The mechanism to tackle conflict of interest when the loan. to time: 6.

Short term deposits with banks overseas where the issuer is rated not below investment grade Exposure to a single counterparty in such transactions As per SEBI Circular SEBI/IMD/CIR No. vi. Fixed Income Derivatives traded on recognized stock transactions has to be an entity recognized as a market exchanges overseas only for hedging and portfolio maker by RBI. where necessary appoint of the net assets in short term deposit(s). diversification. No investment management and advisory fees will be The respective Plan(s) under the Scheme shall not have an charged for such investments in the respective Plan(s). Hedging does not mean AMC or in the schemes of any other mutual funds. directly. 2007. currency futures. position based on the opportunities available subject to l The Scheme may engage in securities lending within the the guidelines provided by SEBI from time to time and in overall framework of 'Securities Lending Scheme. The quantity of underlying associated with the is rated not below investment grade. Cir/IMD/DF/ not exceed 5% of the net asset value of the HDFC Mutual 11/2010 dated August 18. 2010 inter alia are as follows: Fund. fees will be charged for such investments and the aggregate Exposure Limits inter scheme investment made by all the schemes of HDFC The exposure limits for trading in derivatives by Mutual Mutual Fund or in the schemes of other mutual funds shall Funds specified by SEBI vide its Circular No. Mutual Funds may enter into plain vanilla interest rate not below investment grade swaps for hedging purposes. that reduce possible losses on an existing position in terms of its investment objectives with the approval of in securities and till the existing position remains. Hedging positions cannot be taken for existing i. commensurate with the Scheme objectives and subject to the provisions of SEBI Circular No. where the counterparty d. exposure of more than 35% of its net assets in foreign debt The aforesaid limits shall not be applicable to term deposits securities subject to regulatory limits. Exposure due to hedging positions may not be included this end. 1997' line with the overall investment objective of the Scheme. 1. mutual funds can make overseas 5. Further. Towards 3. for managing and administering such investments. Parking of funds in short term deposits of associate investments and to enter into/deal in forward currency contracts. The respective Plan(s) shall not park more than 10% The Mutual Fund may. the value of the notional principal balancing with underlying as securities in such cases must not exceed the value of respective existing assets being hedged by the scheme. no investment management Assets of the respective Plan(s). repos should not derivative position taken for hedging purposes however. Money market instruments rated not below investment same underlying security as the existing position grade being hedged. SEBI/RBI invest in: b. placed as margins for trading in cash and derivatives l Respective Plan(s) under the Scheme may take derivatives market. Any derivative instrument used to hedge has the ii.7/104753/07 dated September 26. the Mutual Fund may open SID . assets of a portfolio or for its efficient management. Repos in the form of investment. The Scheme may. involve any borrowing of funds by mutual does not exceed the quantity of the existing position funds against which hedge has been taken. short term as well as long term shall have to be added and treated under limits debt instruments with rating not below investment mentioned in Point 1. Exposure due to such positions convertible currencies. iii. specified by SEBI and such other norms as may be specified The exposure to derivatives will be restricted to hedging and by SEBI from time to time. iv. The scheduled commercial bank including its subsidiaries. as and a. with the applicable requirements of SEBI and within the term deposit of a bank. appointment of such intermediaries shall be in accordance 6. Subject to the approval of the RBI / SEBI and conditions as may be prescribed by them. money l The Scheme may also invest in suitable investment avenues market instruments and derivative positions should in overseas financial markets for the purpose of not exceed 100% of the net assets of the scheme. with any one intermediaries as sub-managers. such limit may be raised to 20% with prior approval one or more foreign currency accounts abroad either of the Trustee. debt derivative postition will be restricted to 20% of the Net As per the SEBI (MF) Regulations. shall be sujbject to over all limit of US $ 7 billion) or such limits treated under the limits mentioned in point 1. 7. grade by accredited/registered credit rating agencies c. The cumulative gross exposure through debt. or through the custodian/sub-custodian. to facilitate 4. sub-custodians. etc. The counter party in such v. interest rate futures / swaps. September 26. 52 of SEBI (MF) Regulations. 2007 as may than 91 days may be treated as not creating any exposure. 5.Series 37 22 . Government securities where the countries are rated 4.7/104753/07 dated should not exceed 10% of the net assets of the scheme. provided maximisation of returns but only reduction of systematic it is in conformity with the investment objectives of the or market risk inherent in the investment. Cash or cash equivalents with residual maturity of less CIR No. and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the currency options for the purpose of hedging the risks of Mutual Fund in short term deposits. Hedging positions are the derivative positions when permissible under the regulations.SEBI/IMD/ 2.HDFC Fixed Maturity Plans . Exposure due to derivative positions taken for hedging investments [as stated in point (i) to (vi) above] subject to purposes in excess of the underlying position against a maximum of US $ 300 million (limit per Mutual Fund which the hedging position has been taken. the Mutual Fund may also appoint overseas in the above mentioned limits subject to the following: investment advisors and other service providers. portfolio balancing as permitted under the SEBI (MF) l The Scheme may invest in other schemes managed by the Regulations from time to time. which has invested in the permissible ceilings of expenses as stated under Regulation Scheme. The respective Plan(s) shall not park funds in short. be amended from time to time and any other requirements as may be stipulated by SEBI/RBI from time to time. as may be prescribed by SEBI from time to time. Foreign debt securities in the countries with fully derivative positions. The maximum Scheme and in terms of the prevailing SEBI (MF) Regulations.

The Plan that the investment objectives of the Scheme will be achieved. fund manager may rebalance the launched under this SID. 2000. Cir/ IMD/ DF/12 / 2011 allocation (%) against each sub asset class/ ratings indicated dated August 1. analysis of such instruments are not in the best interest of the Unit holders. . A1+/ CBLOs/ Reverse Repos/ T-Bills. and overall market schemes / shorter tenor CDs. MFD/CIR/9/120/ 2000 dated Plan(s) may invest in highest rated CDs viz. The AMC will strive to instruments within the same instrument category to improve achieve the investment objective by way of a judicious portfolio the portfolio credit quality. 2011 as amended from time to time: in the above table and subject to point (i) to (v). Some of the maturity of the Plan. securities with Rating A1 shall also include A1+. subject to the following: accordance with the investment objective of the Scheme and the (i) Deviation of the asset allocation in favour of higher rated provisions of the SEBI (MF) Regulations. .10-15 65-70 - Debentures NCDs)* More than 90 days 15 days upto 180 days Government Securities/ . if suitable CPs / NCDs of desired AMC Board and the Trustee shall approve the detailed parameters credit quality are not available. RISK CONTROL There would be no variation between the intended portfolio Investments made from the corpus of the Plan(s) would be in allocation and the final portfolio. In case of such deviations. rating. Such deviation may continue till approve proposals for investments in unrated instruments. will invest in securities with floors portfolio or continue to hold the instrument in the portfolio and ceiling within a range of 5% of the intended allocation in the best interest of the unit holder's. so as to match the investment horizon with the scheme maturity. Every investment opportunity would be assessed with regard to credit risk. The Scheme has the as stated below: flexibility to invest in the entire range of debt instruments and would seek to minimise interest rate risk while avoiding credit Instruments % of Net Assets risks. the AA rating shall also include AA. . The Plan. Debt & Money Market Instruments Tenure of the Plan Rebalancing period Certificates of Deposit 0-5 . the more conservative rating will be considered for Though every endeavor will be made to achieve the objectives the purpose of investment. money market instruments and (ii) In case CPs/ NCDs of desired credit quality are not available government securities. . All ratings will be considered at the time of investment. the Plan(s) may invest in highest rated Credit Evaluation Policy CDs viz. Further. 0-5 Units of Debt or INVESTMENT STRATEGY AND RISK CONTROL Liquid Mutual Funds The primary objective of the Plan(s) under the Scheme is to Schemes generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before Further the Plan intends to invest in unrated instruments the maturity date of the respective Plan(s). quality of management. - (CPs) More than 30 days 5 days upto 90 days Non . justification for the same shall be placed before the Investment Committee and reasons for the same shall be A1+ AA A Not recorded in writing. under the Scheme shall not invest in instruments issued No guaranteed returns are being offered under the Scheme. in accordance with guidelines stipulated *Includes CDs issued by select All-India Financial Institutions in this regard by SEBI and RBI from time to time. . permitted by RBI from time to time. The maturity of the Plan(s). by Gems & Jewellery and Airline Companies. macroeconomic analysis. 23 SID . The Investment Committee shall then Applicable decide on the course of action. This includes analysis of inflation Similarly. Commercial Papers 0-5 .Convertible . Upto 30 days No Rebalancing Period.• Intended Portfolio Allocation: (b) if due to market action the values of debt/money market instruments appreciate/ depreciate. the In line with SEBI Circular No. money supply growth. the AMC may constitute committee(s) to Reverse Repos / T-Bills. against each sub class of asset as indicated below in In case of any deviation from floors and ceilings of the intended accordance with SEBI Circular No. In liquidity. (b) the instrument instruments that have been assigned high investment grade is called or bought back by the issuer (c) in anticipation ratings by a recognized rating agency.Convertible Debentures (NCDs)* 15-20 The Scheme may also seek investment opportunity in the Foreign Debt Securities. of any adverse credit event. . The investments a. of the Scheme. Investments in bonds and debenture are usually in vary due to instances like (a) coupon inflow. The ratings indicated in the above table include "-" and would be based on interest rate expectations arising out of "+". parentage. being In case of such event. The credit evaluation policy of the AMC entails evaluation of (iii) At the time of building the portfolio post NFO and towards credit fundamentals of each investment opportunity. Sectors in which the Scheme shall not invest . HDFC FMP 1199D January 2017 (1). the above allocation may process. Non . For eg. financial strength of the credit. the Fund Manager will rebalance the same within the period as specified (% of Net Assets) in the table below. The AMC utilises ratings of recognised rating agencies as an input in the credit evaluation (iv) During the tenure of the Plan(s).HDFC Fixed Maturity Plans .and AA+. the AMC/Sponsors/ Trustee do not guarantee c. A1+/ CBLOs/ November 24. mix comprising of debt. . 0-5 More than 180 days 30 days Treasury Bills E. fiscal numbers and the global case an instrument has more than one publicly available interest environment. WHAT ARE THE INVESTMENT STRATEGIES? CBLO/ Reverse Repos/ . data and trends in macro variables such as credit growth. the monies may be kept in cash the factors that are evaluated inter-alia may include outlook and invested largely in cash equivalents / liquid/ money on the sector. b.Series 37 . in case the portfolio is not re- Instruments Credit Rating balanced. (CDs) Hence there shall not be any deviations. The Scheme would make investment in securities in the investment Notes: universe based on market spreads and liquidity. (v) The above allocation may vary during the duration of the Scheme in the following event: (a) due to occurrence of any adverse credit events such as rating downgraded/default. interest rate risk and liquidity or the Fund Manager is of the view that the riskreward risk.

2016 the Scheme and the counterparty 91-day Government of India Treasury Bill. contracts based on 10-Year Government of India Security and l On February 1. 1. 20 crore February 1. Through this swap. which is going to mature on July of a set of payments owned by one party for another set of 31. Thus the fund manager can use FRA to swap.50%. the benchmark rate fixed by NSE will security does not fall under the parameters. 2016. with a reference rate of 30 day CP benchmark. if the rates move up by 25 basis points to 8% rate" (MIBOR). falls to 7. if the total interest on the daily overnight compounded benchmark rate is higher Since the investors cannot redeem/ Switch units of the Plan(s) than Rs. pay the Scheme the difference. 20 An interest rate scenario analysis would be performed on an crore at 12% for 184 days i. the Scheme is currently running an interest rate risk and have locked in the rate prevailing on July 31. IRFs contracts are SID . usually through an decline after July 31. he can then particular dates in the future. on the right to freely retain or l Effectively the Scheme earns interest at the rate of 12% dispose of units being offered' on Page 41. 1. enhance returns include : Assume that on July 1. 2016). In short. 2016. An IRS can be defined as a to re-deploy the maturity proceeds for 1 more month. 2016 they will calculate the following- Interest Rate Risk l The Scheme is entitled to receive interest on Rs. The Scheme is a fixed rate receiver at 12% either Government Bond or T-Bill. positions (fixed v/s floating or vice versa). on want to take the risk of interest rates going down. does not contract between two parties (Counter Parties) to exchange. portfolio balancing and hedging purposes. As in the case of IRS. concentration risk relatively low. interest rate is fixed now for a future period. the Scheme will receive a fixed mitigate the reinvestment risk. both legs of the If the CP benchmark on the settlement date i. Rs. notional amounts by the Investment Manager. 7. communicated by the AMC to the Trustee in their periodical This documentation would be as per International Swap reports. 2016. would Hence. optimum diversification and keep issuer/sector specific based on a notional amount. then the counterparty will or before the maturity date. considering the impact of the developments amount is known at the time the swap was concluded) on the macro-economic front and the demand and supply of and will pay the compounded benchmark rate. and if the fund manager. The Scheme would keep the maturity of its debt assets on or before the maturity/ final redemption date of the scheme. then the Scheme receives the difference 7. The exchange of cashflows need not for 1 months lending in 2 months time) on the notional amount occur on the same date. p. l The counterparty is entitled to receive daily compounded This would limit the market risk of the portfolio. for 6 months on Rs. funds. 2016: interest) in the same currency and on the same principal for He can receive 1 X 2 FRA on July 31. If the daily compounded redemption/ maturity date and the assets would also mature on benchmark rate is lower.50 i. Forward Rate Agreement (FRA) Concentration Risk A FRA is an agreement between two counter parties to pay or The AMC will mitigate this risk by investing in sufficiently large to receive the difference between an agreed fixed rate (the FRA number of issuers spread across the sectors so as to maintain rate) and the interest rate prevailing on a stipulated future date.75%) stands to lose if the interest rate moves down. 2016 at 7. 2016. July 31. for an agreed period. If the interest rates are likely to remain stable or payments owned by another party. a debt instrument at a specified future date at a price that is l Assuming the swap is for Rs. the Scheme can enter into a 6 month MIBOR amount from FRA.e. An Interest Rate Futures contract is "an agreement to buy or sell The steps will be as follows .HDFC Fixed Maturity Plans . Currently. for six months without lending money for 6 months fixed.50% (close to the benchmark). 2016 fixed today. Liquidity Risk l On July 1. in section 'Restrictions. 2016 transactions have interest rate volatility as underlying. l On July 1.75% and the Scheme has an investment in a CP All swaps are financial contracts. Interest Rate Swaps The above example illustrates the benefits and risks of will be done with approved counter parties under pre approved using derivatives for hedging and optimizing the investment ISDA agreements. netting off of cash portfolio. Swaps have their own drawbacks like credit risk.75% (FRA rate an agreed period of time.75%. The maturity proceeds are then reinvested at say investment linked to MIBOR (Mumbai Inter Bank Offered Rate). which is fixed by the National Stock Exchange on the settlement date (July 31. as per local (RBI and SEBI) regulatory guidelines.21 crore. Please refer to "Suspension of Sale / Redemption of the Units". which involve exchange (swap) of face value Rs. if any. while the counterparty pays interest Derivatives Risk @ 12% p. the liquidity risk would be minimized. It may be noted that in such hedged of Rs. To hedge this as it would have received 25 basis points more as settlement interest rate risk. flow and default provision clauses will be provided as per settlement risk.e. However. these risks are substantially standard practice on a reciprocal basis. However. predetermined rate (assume 12%) and pays the "benchmark In this example. the prior approval be tracked by them. This basis points but since the reinvestment will then happen at 6%.a. 2016 (7. in case any l On a daily basis. 25 crores Assume that the Scheme has a Rs. which months. the parameters have been complied with. 20 crore floating rate for 1 month. reduced as the amount involved is interest streams and Interest Rate Swaps and other derivative instruments will be used not principal. eliminating the daily interest rate risk. who wants intermediary (market maker). (this on-going basis.Series 37 24 . one series of cash flows. the Scheme loses 25 of India limited (NSE) or any other agency such as Reuters. Mark to Market of swaps. The scheme. It would also be clearly mentioned in the reports.75 - Basic Structure of a Swap 7. call rate for 184 days & pay 12% fixed. 2016.e. without The AMC has provision for using derivative instruments for borrowing for 6 months fixed.a. in a FRA. 25 crores. swap would effectively lock-in the rate or 12% for the next 6 effective returns for the Scheme is unchanged at 7. 25 crores. This usually is the prevailing rate on July 31. routed through an intermediary who runs a book and matches Interest Rate Futures (IRFs): deals between various counterparties. The special Strategies for investment in Derivatives feature of FRAs is that the only payment is the difference between the FRA rate and the Reference rate and hence are single Some of the strategies involving derivatives that may be used settlement contracts.21 crore. (fixed enter into a following forward rate agreement (FRA) say as on interest) for another series of cashflows (variable or floating July 31. 2016. with a aim to protect capital and are not exchanged. the Scheme will pay the difference under the Scheme directly with the Mutual Fund until the final to the counterparty. the 30 day commercial paper Interest Rate Swaps (IRS) (CP) rate is 7. exchange traded and the counterparty is a floating rate receiver at the overnight Interest Rate Futures traded on exchange are standardized rate on a compounded basis (say NSE MIBOR).for such investments. of Board of AMC and Trustee shall be sought. The details of such investments would be will exchange only a contract of having entered this swap." The underlying security for Interest Rate Futures is to July 1. how Dealers Association (ISDA). 25 basis points on the notional amount Rs. 20 crore. however.

In accordance with Regulation 18 (15A) of the SEBI (MF) Regulations. assured return.HDFC Fixed Maturity Plans .105. Credit exposure limits shall be set and reviewed by For Plans having maturity upto 91 Days: Crisil Liquid Fund the Head of Credit.Series 37 . or (2) provision of Profit in the Futures market will be (104.Equities (for equity related matters). l llliquidity Risk: The risk that a derivative cannot be sold Changes in Fundamental Attributes or purchased quickly enough at a fair price. On 15/07/2016 due to increase in interest rate: The Plan(s) provides liquidity to the investors through listing Spot price of GOI Security: Rs 104. the Fund does not provide any redemption Futures Price of IRF Contract: Rs 104. Management and Advisory fee on the investment made by it 25 SID . Research reports. Therefore to hedge the exposure in underlying (iii) Terms of Issue market he may sell July 2016 Interest Rate Futures contracts at a) Liquidity provisions such as listing. Fund Manager(s) .28 facility during the tenure of the Plan(s) to the investors. change which would modify the Scheme and the Plan(s) / INVESTMENT DECISIONS Option(s) thereunder and affect the interest of Unit holders is carried out unless: The Investment Committee comprising Chief Investment Officer (CIO).Please refer to section 'How will On 01/07/2016 ABC bought 2000 GOI securities from spot the Scheme Allocate its Assets?' on Page 17. shall tantamount to a change in Rs 1. INVESTMENT BY THE AMC IN THE SCHEME The Trustee reserve the right to change the benchmark for The AMC may invest in the respective Plan(s) in the New Fund evaluation of performance of the Scheme from time to time Offer Period subject to the SEBI (MF) Regulations. adhering to the Fund's investment philosophy. would be as follows: making.105. March Futures price of IRF Contract: Rs 105. Hence. The Managing Director of the AMC shall ensure that the investments made by the fund The Plan(s) under the Scheme intend to have a portfolio managers are in the interest of the Unit holders. etc. (1) delisting of units from all the stock exchanges Rs 1. Please refer to section 'Fees and Expenses' on Page This is usually negligible. The Benchmark Index for the Plan(s) under the Scheme valuation. the AMC will not charge Investment Regulations. So in order to protect against a fall terms of Regulation 18 (15A) of the SEBI (MF) Regulations: in the value of their portfolio due to falling bond prices. mix of instruments.cash settled. under the Scheme.12 l Investment pattern . Fund Manager(s) . Rs 105. l A written communication about the proposed change is Fund Manager(s) . (i) Type of a scheme Example: A close ended income scheme Date: 01/07/2016 (ii) Investment Objective Spot price of GOI Security: Rs 105. As per the appropriateness of the benchmark subject to SEBI (MF) existing SEBI (MF) Regulations. and Fund Manager(s) shall be responsible for taking investment / l The Unit holders are given an option for a period of 30 days divestment decisions for their respective scheme(s) and for to exit at the prevailing Net Asset Value without any Exit Load. shall assist the Fund Manager(s) in the decision.Debt (for debt related matters) and Chief sent to each Unit holder and an advertisement is given in Compliance Officer will inter alia lay down the fund's investment one English daily newspaper having nationwide circulation philosophy. Risk Factors of SWAP/ Forward Rate Agreement/Interest b) Aggregate Fees and Expenses charged to the Rate Futures Scheme l Credit Risk: This is the risk of defaults by the counterparty. Holders of the fixed income securities are exposed to the risk F. there will likely be low thereunder or the trust or fee and expenses payable or any other turnover in the portfolio of the Plan(s).620 on which the units may be listed. monitor the credit the region where the Head Office of the Mutual Fund is ratings of debt exposures. of the AMC and Trustee Company to review the performance Hence. both internal and external. Investment 36 months: Crisil Short Term Bond Fund Index decisions are taken by the fund manager(s) of the respective For Plans having maturity more than 36 months: Crisil scheme(s) and the Managing Director does not play any role Composite Bond Fund Index in the day-to-day investment decisions. The AMC may in conformity with the investment objectives and also invest in existing schemes of the Mutual Fund. Investment decisions shall be recorded PERFORMANCE? by the respective Fund Manager(s) along with reasons for the BENCHMARK INDEX same. which in turn results in the reduction in Following are the Fundamental Attributes of the Scheme. HOW WILL THE SCHEME BENCHMARK ITS processes / procedures. c) Any safety net or guarantee provided l Market Risk: Market movements may adversely affect the This Scheme does not provide any guaranteed or pricing and settlement derivatives.Debt and the CIO. they are appropriate benchmarks for the Plan(s) of the Scheme. market at Rs 105.12 redemption. situated. in the value of their portfolio.24 . they can take short position in IRF contracts. and other prevailing guidelines.28 . He anticipates that the interest rate will rise in near future.05. principal amounts in a derivative transaction.24 of Units on at least one of the stock exchanges recognized by SEBI. policy and G. review the as well as in a newspaper published in the language of performance / portfolios of the Schemes. financial analysis. if any. repurchase. which are mainly captured by Crisil Short Term Bond Fund Index and Crisil Composite Bond Periodic presentations will be made to the Board of Directors Fund Index as applicable to the Plan(s) under the Scheme. policy and processes / procedures. Loss in underlying market will be (104. due to lack of liquidity in the market. covering inter alia factors like business outlook. the Trustee shall ensure that no change in the PORTFOLIO TURNOVER fundamental attributes of the Scheme and the Plan(s) / Option(s) In view of the nature of the Scheme. in the respective Plan(s) or existing Schemes of the Mutual Fund.05)*2000 = Thus. FUNDAMENTAL ATTRIBUTES of rising interest rates.12)*2000 = redemption facility by the Fund during the tenure of the Plan(s). etc.05 l Main Objective (Please refer to section ‘What is the Investment Objective of the Scheme?' on Page 17. as there is no exchange of 54 for details.680 fundamental attribute. Index The Executive Director & Chief Investment Officer and the For Plans having maturity more than 91 Days and upto Investment Committee report to the Managing Director.

MMS experience in Fund Management and (Finance).HDFC Fixed Maturity Plans . WHO MANAGES THE SCHEME? Name & Age Educational Experience (last 10 years) Fund(s) Managed* Qualifications Mr. Fixed Income dealing.Asst. l HDFC Equity Savings Fund (CFA Institute) l July 25.Series III (Debt Assets) Interval Income Scheme l HDFC Annual Interval Fund . 2003 till Date: (Debt Assets) HDFC Asset Management Company Open Ended Income Scheme(s) Limited l May 1994 . Last 2005 (Debt Assets) Position held . Ltd.Series 32 l HDFC Fixed Maturity Plan . Vice President l HDFC High Interest Fund .Series 34 * excluding Overseas investments if any.H. CFA Research. @ jointly with Mr.Plan SBI Funds Management Pvt. Miten Lathia SID .Series 27 l HDFC Fixed Maturity Plan . Anil Bamboli B.Series II (Debt Assets) l HDFC Capital Protection Oriented Fund.Dynamic Plan l HDFC Short Term Plan l HDFC Cash Management Fund - Savings Plan and Call Plan l HDFC Gilt Fund l HDFC Short Term Opportunities Fund l HDFC Banking and PSU Debt Fund Open Ended Fund of Fund Scheme l HDFC Dynamic PE Ratio Fund of Funds (Debt Assets)@ Closed Ended Capital Protection Oriented Income Scheme(s) l HDFC Debt Fund for Cancer Cure - 2014 l HDFC Capital Protection Oriented Fund.Series I (Debt Assets) l HDFC Capital Protection Oriented Fund.Series I Close Ended Income Scheme(s) l HDFC Fixed Maturity Plan .Series 26 l HDFC Fixed Maturity Plan .Series 29 l HDFC Fixed Maturity Plan . Grad Collectively over 22 years of Open Ended Equity Scheme 44 Years CWA.July 2003: l HDFC Multiple Yield Fund .Series 37 26 . Com.

l HDFC High Interest Fund .Series 27 l HDFC Fixed Maturity Plans .Projects l HDFC Multiple Yield Fund .Cap Opportunities Fund Engineer.Series October 2008 to October II 2009: l HDFC Capital Protection Oriented Fund .E.Series 33 l HDFC Fixed Maturity Plans . Collectively over 11 years of l HDFC Annual Interval Fund .Series 25 l HDFC Fixed Maturity Plans .Series 28 l HDFC Fixed Maturity Plans . l HDFC Income Fund Last Position Held: Application l HDFC Infrastructure Fund l HDFC Large Cap Fund Engineer l HDFC Liquid Fund August 2001 to January l HDFC Long Term Advantage Fund 2003: l HDFC Medium Term Opportunities Fund Larsen & Toubro Limited l HDFC MF Monthly Income Plan Last Position Held: Project l HDFC Mid .Series 36 27 SID . Control & l HDFC Equity Savings Fund Automation .Plan 2005 l HDFC Premier Multi-Cap Fund l HDFC Prudence Fund l HDFC Short Term Opportunities Fund l HDFC Short Term Plan l HDFC Small Cap Fund l HDFC TaxSaver l HDFC Top 200 Fund l HDFC Fixed Maturity Plans .Series 34 l HDFC Fixed Maturity Plans .Series I l HDFC Equity Fund Pvt.Series 31 l HDFC Fixed Maturity Plans . l HDFC Banking and PSU Debt Fund October 2009 till date: l HDFC Capital Builder Fund l HDFC Capital Protection Oriented Fund . Ltd. Ltd l HDFC Cash Management Fund Last Position Held: Associate l HDFC Children’s Gift Fund June 2006 to September l HDFC Core & Satellite Fund 2008: l HDFC Corporate Debt Opportunities Fund Lehman Brothers Services India l HDFC Dual Advantage Fund . l HDFC Floating Rate Income Fund Last Position Held: Associate l HDFC Growth Fund January 2003 to May 2004: l HDFC High Interest Fund .HDFC Fixed Maturity Plans .Series 35 l HDFC Fixed Maturity Plans .Dynamic Plan Ltd. experience of which 3 years in l HDFC Arbitrage Fund Jamshedpur Application Engineering (Control & Automation) and l HDFC Balanced Fund 8 years in equity research.Dedicated Fund Manager for Overseas Investments Name & Age Educational Experience (last 10 years) Fund(s) Managed Qualifications Mr.Series I 35 years PGDBM from XLRI.Series 32 l HDFC Fixed Maturity Plans . (Electrical). Rakesh Vyas B.Series 24 l HDFC Fixed Maturity Plans .Series 37 .Series HDFC Asset Management I Company Limited l HDFC Capital Protection Oriented Fund .Short Term Plan GE Power Controls India Pvt.Series Nomura Financial Advisory III and Securities Pvt.Series 30 l HDFC Fixed Maturity Plans .Series 29 l HDFC Fixed Maturity Plans .

its subsidiaries. which is in excess of 25% of the net assets. l Each of the respective Plan(s) under the Scheme shall not (d) any fund of funds scheme. The Trustee may from time to time alter AMFI for this purpose. the Mutual Fund shall not advance any loans l Each of the respective Plan(s) under the Scheme may invest for any purpose. as specified by Stock Exchange for spot transactions l The Mutual Fund shall enter into transactions relating to (b) the securities so transferred shall be in conformity with Government Securities only in dematerialised form. approval of the Trustees and the Board of the AMC. l Each of the respective Plan(s) under the Scheme shall not Provided that such limit shall not be applicable for investments make any investments in: in Government Securities. l Transfer of investments from one scheme to another scheme subject to the framework specified by SEBI. Short Term SEBI (MF) Regulations. Treasury Bills. fellow subsidiaries. to time to the extent the SEBI (MF) Regulations change. shall be made with the prior approval of the Trustee and The AMC may alter these above stated restrictions from time the Board of the AMC. etc. take regulation 2 (mm) of the Regulations and shall include an delivery of relevant securities and in all cases of sale. rated not below investment grade by a credit rating agency (c) the listed securities of group companies of the Sponsors registered with SEBI. 2008. apart from the investment restrictions prescribed under CBLOs. Such additional exposure J. the investment objective of the scheme to which such l Save as otherwise expressly provided under SEBI (MF) transfer has been made. invest more than 10% of its NAV in unrated debt instruments [irrespective of residual maturity period (above or below l The Plan(s) under the Scheme shall invest only in such one year)]. its holding the securities: company and its associates. l Each of the respective Plan (s) under the Scheme shall not invest more than 10% of its NAV in debt instruments l Pending deployment of funds as per investment objective. Provided further that investment within such limit can be (b) any security issued by way of private placement by an made in mortgaged backed securitised debt which are associate or group company of the Sponsors. this limit will not apply these restrictions in conformity with the SEBI (MF) Regulations. with National Housing Bank. The Scheme shall abide by the guidelines authorised to carry out such activity under the SEBI Act. shall be allowed only if:- Provided further that sale of Government Security already (a) such transfers are made at the prevailing market price contracted for purchase shall be permitted in accordance for quoted Securities on spot basis with the guidelines issued by the Reserve Bank of India in Explanation : spot basis shall have the same meaning this regard. • Each of the respective Plans (s) under the Scheme shall not invest more than 20% of its net assets in a group (excluding investments in securities issued by Public Sector Units. in another scheme under the same AMC or any other l The Mutual Fund shall get the securities purchased/ mutual fund without charging any fees. Provided further that the mutual fund may enter into derivatives transactions in a recognized stock exchange. a group means a group as defined under of deliveries and shall in all cases of purchases. WHAT ARE THE INVESTMENT RESTRICTIONS? Public Financial Institutions and Public Sector Banks). Regulations. in the same Mutual Fund. All such investments CIR No. l The Mutual Fund shall buy and sell securities on the basis For this purpose. of the Sponsors. HOW HAS THE SCHEME PERFORMED? shall be to securities issued by HFCs which are rated AA and above. Such investment limit may be extended to 25% of the net assets Pursuant to SEBI (MF) Regulations. issued by a single issuer and the total investment securities which mature on or before the date of the maturity in such instruments shall not exceed 25% of the NAV of of the Plan(s) in accordance to SEBI Circular No. securities issued by Public Financial Institutions and Public Sector Banks. the Fund may follow any internal norms Deposits of scheduled Commercial Banks and AAA rated vis-a-vis limiting exposure to a particular scrip or sector. so as l The Plan(s) shall not invest more than 25% of its net assets to permit the Scheme to make its investments in the full spectrum in debt securities issued by issuers belonging to one sector. the following investment of the respective Plan (s) under the scheme with the prior restrictions are applicable to the Scheme: approval of the Trustees. Such for parking of funds in short term deposits as mentioned investment limit may be extended to 12% of the NAV of in section ‘WHERE WILL THE SCHEME INVEST?’ on the respective Plan(s) under the Scheme with the prior Page 19. wherever the investments are intended to under the same AMC or in schemes under the management be of a long term nature. SEBI/IMD/ the respective Plan(s) of the Scheme. However. deliver entity.I. SID . The Mutual Fund /AMC shall make investment out of the NFO proceeds only on or after the closure of the NFO The Plan(s) may have an additional exposure to financial period. services sector (over and above the limit of 25%) not exceeding 10% of its net assets by way of increase in All investment restrictions shall be applicable at the time of exposure to Housing Finance Companies (HFCs) registered making investment. of permitted investments for mutual funds to achieve its respective AMC shall utilize the "Sector" classification prescribed by investment objective. comprising money market instruments and non-money the moneys under the respective Plan(s) under the Scheme market instruments issued by a single issuer which are may be parked in short-term deposits of Scheduled rated not below investment grade by a credit rating agency Commercial Banks. The total investment / exposure in HFCs shall This Scheme is a new scheme and does not have any not exceed 25% of the net assets of the Plan(s).Series 37 28 . treasury bills and collateralized (a) any unlisted security of an associate or group company borrowing and lending obligations. provided that transferred in the name of the Mutual Fund on account aggregate inter-scheme investment made by all schemes of the Scheme. performance track record. Government Securities. 12/147132/08 dated December 11.HDFC Fixed Maturity Plans . of any other asset management shall not exceed 5% of the net asset value of the Mutual Fund. Further. to investments in Certificates of Deposit issued by Banks.

Maximum Amount to be raised (if any) There is no maximum subscription (target) amount for the This is the maximum amount.HDFC Fixed Maturity Plans . In case the NFO Opening / Closing Date is subsequently declared as a non Business Day. subject to the applications being in accordance with the terms of this offer.Series 37 . Regular Option: This Option is for investors who wish to route their investment through any distributor. 10 each during the NFO Period of the This is the price per Unit that the investors have to pay to respective Plan(s) under the Scheme. the investors would be refunded the amount invested without any return. when offered for sale. UNITS AND OFFER This Section provides details you need to know for investing in the Scheme. which can be collected during respective Plan(s) under the Scheme to be raised and therefore. the following Business Day will be deemed to be the NFO Opening /Closing Date. the application will be processed for the eligible amount and the balance amount will be retained in the switch out scheme. The AMC / Trustee reserves the right to extend the closing date of the New Fund Offer Period. Plans / Options offered Each HDFC Fixed Maturity Plan offers Regular Option and Direct Option. subject to the condition that the subscription list of the New Fund Offer Period shall not be kept open for more than 15 days. New Fund Offer Price Offer of Units of Rs. the application will be processed for the eligible amount and the balance amount will be refunded. the Mutual Fund and the AMC the expiry of 5 Business Days from the date of closure of the shall be liable to refund the subscription amount to the subscription period. If the amount of switch.000 and in multiple of Rs. if the Mutual 5 Business Days from the closure of NFO. The Trustee / AMC may close the New Fund Offer of any Plan under the Scheme by giving at least one-day notice in one daily newspaper.a. invest during the NFO. 29 SID . A. Each Plan. Units to the investors. NEW FUND OFFER (NFO) New Fund Offer Period The launch schedule of New Fund Offer of the Plan(s) has been This is the period during which a new Scheme sells its detailed in the Table appearing on Page 6. 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.in is in odd multiples. 20 crore under each of the respective and if this is not collected during the NFO period. Minimum Target amount The minimum subscription (target) amount for each HDFC This is the minimum amount required to operate the scheme Fixed Maturity Plan is Rs. Applicants of the respective Plan(s). 10 thereafter per application under each HDFC Fixed Maturity Plan during the NFO Period. as decided by the AMC. full and firm allotment will be made to the applicants under the respective Plan(s).) will be paid to the investors from under the respective Plan(s). would be open for such number of days (not exceeding 15 days) as may be decided by the Trustee / AMC. 1. if AMC fails to refund the amount within In accordance with the SEBI (MF) Regulations. the Trustee/ AMC retains the sole and absolute discretion to reject any application. Information with respect to the New Fund Offer for the Plan(s) under the Scheme (launched subsequent to the New Fund Offer of the Scheme) will be communicated to the investors by a notice displayed at Investor Service Centres and issue of advertisement in 2 newspapers i. The notice will be published at least 2 days before the respective launch date. 5. the NFO period. If the amount of application is in odd multiples. then all Plan(s). However.e. However.III. Minimum Application Amount The Minimum amount for application (Purchase / Switch) during NFO is as under: Rs. interest as specified Fund fails to collect the minimum subscription amount by SEBI (currently 15% p.

Direct Option: This Option is for investors who wish to invest directly without routing the investment through any distributor. Such changes shall be notified by a suitable display at the Investor Service Centres. (i) Quarterly Dividend Under the Quarterly Dividend . The distributable surplus will be as computed in accordance with SEBI (MF) Regulations. 2. Default Option Investors should indicate the Option viz. All Dividend offer Payout facility only.HDFC Fixed Maturity Plans . on the record date as dividend at Quarterly intervals and/or Maturity Date / Final Redemption Date. if available. Regular/ Direct for which the subscription is made by indicating the choice in the appropriate box provided for this purpose in the application form. 25th March. 25th September and 26th December and the Maturity Date / Final Redemption Date (or immediately succeeding Business Day. The Regular and Direct Options offer the following sub-options: (a) Growth (b) Dividend (a) Growth Dividend will not be declared under this sub-option. The record date for the purpose of determining the Unit holders entitled to receipt of Income distribution / Dividend. Such changes shall be notified by a suitable display at the Investor Service Centres. it is proposed to declare entire distributable surplus. This Option shall have a lower expense ratio excluding distribution expenses. if that day is not a Business Day). under Quarterly Dividend. The income attributable to Units under this sub-option will continue to remain invested in the Plan(s) and will be reflected in the Net Asset Value of Units under this sub- option. In case of valid applications received without indicating SID . (ii) Normal Dividend Under the Normal Dividend.Series 37 30 . etc and no commission for distribution of Units will be paid / charged under the Direct Option. The distributable surplus will be as computed in accordance with SEBI (MF) Regulations. commission. under the Normal Dividend. if available on the Maturity Date / Final Redemption Date of the respective Plans. The Trustee / AMC reserves the right to change the record date from time to time.e. The Trustee/ AMC reserves the right to change the record date from time to time. as dividend. will be the Maturity Date / Final Redemption Date. (b) Dividend Dividend under Plan(s) having tenure upto 365 Days offers Normal Dividend and Dividend under Plan(s) having tenure of 366 days or more offers Quarterly Dividend and Normal Dividend. it is proposed to declare entire distributable surplus. The record date for the purpose of determining the Unit holders entitled to receipt of Income distribution/ Dividend. will be the 25th of the third month of each quarter i. 25th June.

There is no assurance or guarantee to Unit holders as to the rate/quantum of dividend distribution nor that the dividends will be paid regularly. The Trustee / AMC reserves the right to change the record date from time to time. the application will be processed for the Option as under: Scenario ARN Code Option Default mentioned by mentioned by Option to the investor the investor be captured 1 Not mentioned Not mentioned Direct Option 2 Not mentioned Direct Direct Option 3 Not mentioned Regular Direct Option 4 Mentioned Direct Direct Option 5 Direct Not Mentioned Direct Option 6 Direct Regular Direct Option 7 Mentioned Regular Regular Option 8 Mentioned Not Mentioned Regular Option In cases of wrong/ invalid/ incomplete ARN codes are mentioned on the application form. 2006. Within one calendar day of decision by the Trustee. SEBI/ IMD/ Cir No. 1/ 64057/06 dated April 4. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. the application shall be processed under Regular Option. the Trustee at its sole discretion may also declare interim dividend. in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region 31 SID . Quantum of dividend and the record date will be fixed by the Trustee in their meeting. the procedure for Dividend Distribution would be as under: 1. In case. an investor has to be allotted Units against receipt of clear funds by the Scheme. Dividends. depend on the availability of distributable surplus as computed in accordance with SEBI (MF) Regulations and the decision of the Trustee /AMC in this regard shall be final. Dividend Policy The Trustee reserves the right to declare dividends under the dividend option of the Scheme(s) depending on the availability of distributable surplus under the Scheme(s). it must be distinctly understood that the actual declaration of dividend and the frequency thereof will inter-alia. the AMC shall issue notice to the public communicating the decision about the dividend including the record date. In case of Units held in dematerialized mode. In order to be a Unit holder. the correct code is not received within 30 calendar days. the AMC shall reprocess the transaction under Direct Option from the date of application without any exit load. subject to availability of distributable surplus. On payment of dividends. will be paid (subject to deduction of tax at source. the NAV will stand reduced by the amount of dividend and dividend distribution tax / statutory levy (if applicable) paid. Dividend so decided shall be paid.Further. the Depositories (NSDL/ CDSL) will give the list of demat account holders and the number of Units held by them in electronic form on the Record date to the Registrars and Transfer Agent of the Mutual Fund who shall be eligible to receive the dividends. if declared.Series 37 . In order to be a Unit holder. any choice of Option. Dividend Distribution Procedure: In accordance with SEBI Circular no. an investor has to be allotted Units against receipt of clear funds by the Scheme. However.HDFC Fixed Maturity Plans . 2. if any) to those Unit holders whose names appear in the Register of Unit holders on the record date.

if the applicant so desires. provided also the applications are complete in all respects and are found to be in order. at the close of business hours on record date. The requirement of giving notice shall not be applicable for Dividend Options having frequency upto one month. The NAV will be adjusted to the extent of dividend distribution and statutory levy. It may be noted that trading and settlement in the Units of respective Plan(s) over the stock exchange(s) (where the Units are listed) will be permitted only in electronic form.Series 37 32 . account statement) or in dematerialized form. the amount will be unblocked in their respective bank accounts and account will be debited only to the extent required to pay for allotment of Units applied in the application form. earnings and SID . Face Value of the Units is Rs. 4. bold. Normally no Unit certificates will be issued.HDFC Fixed Maturity Plans . NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act. 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. 3. 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. 10 per Unit. Before the issue of such notice. categorically state that pursuant to payment of dividend. in font size 10. if any. the NAV of the Scheme would fall to the extent of payout and statutory levy (if applicable). The notice will. as applicable. The Trustee retains the sole and absolute discretion to reject any application. among Units within the same Option in the Scheme concerned as to assets. DP ID No. The Record Date will be 5 calendar days from the issue of notice. Allotment All Applicants whose monies towards purchase of Units have been realised by the Fund will receive a full and firm allotment of Units. However. Dematerialization The Applicants intending to hold the Units in dematerialized mode will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP's Name. no communication indicating the probable date of dividend declaration in any manner whatsoever. If the Unit holder desires to hold the Units in a Dematerialized / Rematerialized form at a later date. All Units will rank pari passu. with the DP at the time of purchasing Units during the NFO of the respective Plan(s). will be issued by Mutual Fund. 1996 and Regulations thereunder. Record date shall be the date which will be considered for the purpose of determining the eligibility of investors whose names appear on the register of Unit holders maintained by the Mutual Fund/ statement of beneficial ownership maintained by the Depositories. For applicants applying through 'APPLICATIONS SUPPORTED BY BLOCKED AMOUNT (ASBA)'. 5. and Beneficiary Account No. The Units allotted will be credited to the DP account of the Unit holder as per the details provided in the application form. the Trustee / AMC reserves the right to change the dematerialization / rematerialization process in accordance with the procedural requirements laid down by the Depositories. viz. for receiving dividends. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective DPs periodically. However. on allotment. The AMC shall allot units within 5 Business Days from the date of closure of the NFO period. Applicants under each of the respective Plan(s) offered under the Scheme will have an option to hold the Units either in physical form (i.e. where the head office of the Mutual Fund is situated. 6. the AMC shall issue a non-transferable Unit certificate to the applicant within 5 Business Days of the receipt of request for the certificate. Units held in demat form are freely transferable.

Army. Karta of Hindu Undivided Family (HUF). Refunds of subscription money. Council of Scientific and Industrial Research. shall be completed within 5 Business Days from the closure of the New Fund Offer Period. A CAS/ SCAS shall also be sent to the Unit holder in whose folio transactions have taken place during that month. 20 Crore under the respective Plan(s). Such other category of investors as may be decided by the AMC / Trustee from timeto time in conformity with the 33 SID .Series 37 .e. Association of Persons or bodies of individuals and societies registered under the Societies Registration Act. 14. 12. One Person Company. Religious and Charitable Trusts. 3. an indicative list of persons) are eligible and may apply for subscription to the Units of the Scheme provided they are not prohibited by any law/ Constitutive documents governing them: 1. 13. 2. 1860. Companies. The following persons (i. on or before 10th of the succeeding month by mail / e-mail.HDFC Fixed Maturity Plans . father or mother. 4. This is an indicative list and you are requested to consult 6. Co- Who Can Invest Operative Societies registered under the Co-Operative Societies Act. Mutual Fund will provide an account statement to the investors within 5 Business Days from the receipt of such request. with SEBI. 8. 11.e. India. Partnership Firms & Limited Liability Partnerships (LLPs). Foreign Institutional Investors (FIIs) registered with SEBI on repatriation basis. your financial advisor to ascertain whether the scheme is 7. Air Force. No Interest will be payable by the AMC on any subscription money refunded within 5 Business Days from the closure of the New Fund Offer Period. There shall not be any joint holding with minor investments. Minor (as the first and the sole holder only) through a natural guardian (i. Refund In case the Scheme fails to collect the minimum subscription amount of Rs. 1912. Bodies Corporate. Refund orders will be marked "A/c Payee only" and will be in favour of and be despatched to the sole / first Applicant. by registered post or by any other mode of payment as authorised by the applicant. Mutual Funds/ Alternative Investment Funds registered suitable to your risk profile. 10. as the case may be) or a court appointed legal guardian. Public Sector Undertakings. Other Schemes of HDFC Mutual Fund subject to the conditions and limits prescribed by SEBI (MF) Regulations. if any. Foreign Portfolio Investors (FPI) registered with SEBI on repatriation basis. 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. Non-resident Indians (NRIs)/Persons of Indian Origin residing abroad (PIO)/ Overseas Citizen of India (OCI) on repatriation basis or on non-repatriation basis. Resident adult individuals either singly or jointly (not exceeding three) or on an Anyone or Survivor basis. 15. Interest on subscription amount will be payable for amounts refunded by the AMC 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. In case of specific request received from investors. Banks & Financial Institutions. as may be declared by the Trustee. the receipt of dividend distributions. if any. 16. Navy and other paramilitary units and bodies created by such institutions. Allotment Confirmation / Consolidated Account Statement (CAS)/ Securities Consolidated Account Statement (SCAS): An allotment confirmation specifying the units allotted shall be sent by way of email and/or SMS within 5 Business Days of the closure of the NFO Period to the Unit holder's registered e-mail address and/or mobile number. 5. Multilateral Financial Institutions/ Bilateral Development Corporation Agencies/ Bodies Corporate incorporated outside India with the permission of Government of India/ Reserve Bank of India. 9. the Mutual Fund and the AMC shall be liable to refund the subscription amount to the Applicants of the respective Plan(s).

Further. etc. person*) as defined under the extant laws of the United States of America. the authorized signatories / officials of Non-Individual investors should sign the application under their official designation and as per the authority granted to them under their Constitutive Documents/Board resolutions. A list of specimen signatures of the authorized officials. 4. Investors desiring to invest / transact in mutual fund schemes are required to comply with the KYC norms applicable from time to time. validity and authorization of the transactions and / or the applicant who has applied on behalf of the Investors. Under the KYC norms. In case the returned cheques are presented again. 3. applicable laws and SEBI (MF) Regulations. No request for withdrawal of application will be allowed after the closure of New Fund Offer Period. the original Power of Attorney or a certified true copy duly notarised should be submitted. The Fund / AMC / Trustee reserves the right to call for such other information and documents as may be required by it in connection with the investments made by the investor.HDFC Fixed Maturity Plans . as lump sum subscription and/or switch transaction (other than systematic transactions) only through physical form and upon submission SID . as applicable. Note: 1.S.Series 37 34 . 2. the Investor shall be liable to indemnify the Fund / AMC / Trustee / other intermediaries in case of any dispute regarding the eligibility. duly certified / attested should also be attached to the Application Form. Returned cheques are liable not to be presented again for collection. Investors are required to provide prescribed documents for establishing their identity and address such as copy of the Memorandum and Articles of Association / bye-laws/trust deed/partnership deed/ Certificate of Registration along with the proof of authorization to invest. to the KYC Registration Agency (KRA) registered with SEBI. 6. 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations. except the following: a. 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 Unitholders to accept such an application. In case of application(s) made by Individual Investors under a Power of Attorney. the necessary charges are liable to be debited to the investor. NRIs/PIOs may invest/transact. when present in India. Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing abroad / Overseas Citizens of India (OCI) / Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) have been granted a general permission by Reserve Bank of India under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations. in the Scheme. The Fund / AMC / Trustees / other intermediaries will rely on the declarations/affirmations provided by the Investor(s) in the Application/Transaction Form(s) and the documents furnished to the KRA that the Investor(s) is permitted/ authorised by the Constitution document/ their Board of Directors etc. The Trustee reserves the right to recover from an investor any loss caused to the Scheme on account of dishonour of cheques issued by the investor for purchase of Units of this Scheme. The Fund/AMC/Trustees shall deem that the investments made by the Investors are not prohibited by any law/Constitutive documents governing them and they possess the necessary authority to invest/transact. 5. Subject to the SEBI (MF) Regulations. 7. In case of applications made by Non-Individual Investors. Who cannot invest? The aforementioned persons/entities as specified under section “Who Can Invest?” shall not be eligible to invest in the Scheme. any application for Units may be accepted or rejected in the sole and absolute discretion of the Trustee. to make the investment / transact. if such persons/entities are: 1. and the accompanying application forms are liable to be rejected. United States Person (U.

person on hold/reject the transaction request/redeem the units. 1. Eligible Investors: Only resident individuals.S. The Investors can also purchase Units of the Regular Option of the respective Plan(s) under the Scheme during NFO by placing an order with the members (stock brokers) of stock exchanges or Channel Distributors. For complete details and ASBA process refer SAI. whose addresses are mentioned on Page 59 to 63 of the SID. Commodity Futures Trading Commission or as per such further amended definitions. Additionally. 50.. person will be accepted ONLY at the Investor Service Centres (ISCs) of HDFC Asset Management Company Limited (HDFC AMC). Please refer to section “Special Products available during the NFO” on Page 44 for more details.” Where can you submit the filled up applications During the NFO period the applications filled up and duly signed by the applicants should be submitted at the office of the Collection Centres / ISCs / Official Points of Acceptance. CIR/IMD/DF/ 21/2012 dated September 13. conditions. legislations. How to Apply Please refer to the SAI and Application form for the instructions. as may be stipulated by AMC/Trustee from time to time and subject to compliance with all applicable laws and regulations prior to investing in the Scheme. which in turn will block the amount in the account as per the authority contained in ASBA form. such transactions in physical application form(s) will also be accepted through Distributors and other platforms subject to receipt of such additional documents/undertakings.S. as the case may be. 3. subject to compliance with all applicable laws and regulations and the terms. Residents of Canada. as and when identified by the AMC that the same is not in compliance with the applicable laws and/ or the terms and conditions stipulated by Trustee/AMC from time to time. and undertake other tasks as per the procedure specified therein. as may be stipulated by AMC/Trustee from time to time from the Distributors/ Investors. 2.Series 37 . person within the meaning of RegulationS under the Securities Act of 1933 of U. rules etc. if allotted. 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. 35 SID . and documentation requirements stipulated by the AMC/Trustee from time to time. The Trustee/AMC reserves the right to put the transaction requests received from such U. NRIs residing in any Financial Action Task Force (FATF) declared non-compliant country or territory *The term “U. person” means any person that is a U. Such redemptions will be subject to applicable taxes and exit load. 2012 read with SEBI Circular No. FII/FPIs may invest in the Scheme as lump sum subscription and/or switch transaction (other than systematic transactions) through submission of physical form in India. Further.S. 2014 the Fund will accept subscription applications with payment mode as ‘Cash’ (“Cash Investments”) to the extent of Rs.HDFC Fixed Maturity Plans . who are KYC Compliant and have a Bank Account can make Cash Investments. or as defined by the U. of such additional documents/undertakings. Cash investments Pursuant to SEBI Circular No. as may be in force from time to time.. sole proprietorships and minors (through guardians). CIR/IMD/DF/ 10/2014 dated May 22.per investor. b. etc.000/. prior to investing in the Scheme. interpretations. if any. etc.S. Such investors may or may not possess a Permanent Account Number (PAN). The physical application form(s) for transactions (in non- demat mode) from such U. per financial year subject to the following.S.S.

Cash collection facility with HDFC Bank: Currently. although Units are purchased in round lots of 1. and (ii) sufficient systems and procedures in place.00 p. until the date of suspension of trading by stock exchange(s) where the Scheme / Plan is listed.hdfcfund.HDFC Fixed Maturity Plans . 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 (subject to completion of lock-in period.com Listing The Mutual Fund will endeavor to list the Units of the Scheme on the Capital Market Segment of the NSE/BSE within 5 Business Days of allotment of units under NFO. on the last day of the NFO). etc. For details on procedure and conditions for making ‘Cash Investments’.Series 37 36 . regulations and guidelines. the Unit holders holding Units in non-demat form will be able to invest in the NFO of the respective Plan(s) under the Scheme 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. The Mutual Fund may at its sole discretion list the Units under the respective Plan(s) on any other recognized Stock Exchange(s) at a later date. The record date for determining the Unit holders whose name(s) appear on the list of beneficial owners as per the Depositories (NSDL/CDSL) records for the purpose of redemption of Units on Maturity / Final Redemption date ("Maturity Record Date") will be one working day prior to the Maturity / Final Redemption date. There is no minimum investment. The Units can be purchased / sold during the trading hours like any other publicly traded stock. However. The Bank would be remitting the cash collected to the Fund’s schemes usually by the next business day. 2. Special Products / facilities available during the NFO SWITCHING OPTIONS During the NFO period (Switch request will be accepted upto 3. the Fund reserves the right to change the Maturity Record Date by issue of suitable notice. The stock exchange(s) will suspend trading in Units one working day prior to the Maturity Record Date.. Please refer our website www.com or contact any of our ISCs for an updated list of designated bank branches / ISCs accepting Cash Investments. 2002 and Rules framed there under. The acceptance of Cash Investments by the Fund is subject to-: (i) compliance with Prevention of Money Laundering Act.hdfcfund. The AMC/Trustee reserves the right to delist the units of the Plan(s) under the Scheme from a particular stock exchange provided the units are listed on atleast one stock exchange. Cash Investments cannot be made through electronic modes such as website of the Fund/ Channel Distributors or through Stock Exchange Platforms. The price of the Units in the market will depend on demand and supply at that point of time. Mode of application: Applications for subscription with ‘Cash’ as mode of payment can be submitted in physical form only at select Investor Service Centres (ISCs) of the Fund. if any. The Bank only acts as an aggregator for cash received towards subscriptions under various schemes received on a day at the various Bank branches. 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. refer section ‘How to Apply’ appearing in SAI or contact any our ISCs or visit our website www. No separate notice will be issued by the AMC informing about Maturity Record Date or Suspension of trading by the stock exchange. the SEBI Circular(s) on Anti Money Laundering (AML) and other applicable AML rules. SID . the Fund has made arrangement with HDFC Bank Limited (“the Bank”) to collect cash at its designated branches from investors (accompanied by a deposit slip issued and verified by the Fund).m. 3.

Switching of Units is not permitted under this facility. code of conduct prescribed by SEBI for Intermediaries of Mutual Fund will be considered as Official Points of Acceptance (OPA) of the Mutual Fund. BSE has introduced BSE StAR MF Platform and NSE has introduced Mutual Fund Service System (MFSS). and the proceeds will be invested in respective Plan(s) under the Scheme at the prevailing sale price. FACILITY TO PURCHASE UNITS OF THE SCHEME THROUGH STOCK EXCHANGE(S) A Unit holder may purchase Units of the Regular Option of the respective Plan(s) under the Scheme through the Stock Exchange infrastructure only during the NFO period. as to the minimum number of Units that may be redeemed or subscribed. Exit/ Entry Load etc). The price at which the Units will be Switched-out of the Scheme/ Plan will be based on the Redemption Price. during the NFO period or such other timings as may be decided.out scheme. The eligible AMFI certified stock exchange Brokers/ Clearing Members who have complied with the conditions stipulated in SEBI Circular No.in is in odd multiples. the Switch must comply with the Redemption rules of the Scheme/ Plan and the issue rules of the respective Plan(s) under the Scheme (e. the units of the Scheme are permitted to be transacted through Clearing Members of the registered Stock Exchanges. of the Units of the scheme(s) from where the Units are being switched) in order to meet their changed investment needs. Further. In order to facilitate transactions in mutual fund units through the stock exchange infrastructure. the application will be processed for the eligible amount and the balance amount will be retained in the switch. • The investor will transfer the funds to the Brokers/ Clearing Members. • After completion of the verification. 2009 for stock brokers viz.11/183204/2009 dated November 13. • 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. • The Broker/ Clearing member shall verify the application for mandatory details and KYC compliance. b.m. and 3 p. The window for purchase of Units on BSE & NSE will be available between 9 a. Investors will be able to purchase Units of the Regular Option of the respective Plan(s) under the Scheme in the following manner: a.HDFC Fixed Maturity Plans . AMFI/ NISM certification. If the amount of switch.g. The Switch request can be made on a Transaction Slip. 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. SEBI /IMD / CIR No. which should be submitted at / sent by mail to any of the Official Points of Acceptance. Dematerialized Form • The investors who intend to hold Units in demat form are required to have a demat account with CDSL/ NSDL. the Depository Participants of registered Depositories are permitted to process only redemption request of units held in demat form. Investors who are interested in purchasing Units of Regular Option of the respective Plan(s) under the Scheme should register themselves with Brokers/ Clearing Members. 37 SID .Series 37 . The Switch will be effected by way of a Redemption of Units from the Scheme/ Plan and a reinvestment of the Redemption proceeds in respective Plan(s) under the Scheme and accordingly. Additionally. 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") are eligible to offer this facility to investors.m. to be effective. Investors have an option to hold the Units in physical or dematerialized form.

• The investor should provide their depository account details to the Brokers/ Clearing Members. • The purchase order will be entered in the Stock Exchange system and an order confirmation slip will be issued to investor. The Trustee reserves the right to change/modify the features of this facility at a later date.11/183204/ 2009 dated November 13. • 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. etc. • Investors shall receive the Units through Broker/ Clearing Member's pool account. shall be liable to be rejected. Separate folios will be allotted for Units held in physical and demat mode. Investors will have to comply with Know Your Customer (KYC) norms as prescribed by BSE/NSE/CDSL/ NSDL and the Mutual Fund to participate in this facility. 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. SID . CIR/IMD/DF/17/2010 dated November 9. to the AMC / RTA as per agreed timelines. In case KYC proof and other necessary documents are not furnished within the stipulated timeline. Investors should contact the Official Point(s) of Acceptance of HDFC Mutual Fund for further details. as the case may be. TRANSACTIONS THROUGH "CHANNEL DISTRIBUTORS" Investors may enter into an agreement with certain distributors (with whom AMC also has a tie up) referred to as "Channel Distributors" who provide the facility to investors to transact in units of mutual funds through various modes such as their website / other electronic means or through Power of Attorney in favour of the Channel Distributor. • The investor who chooses to hold Units in demat form is required to place an order for purchase of Units (subject to applicable limits prescribed by BSE/NSE) with the Brokers or Clearing Members. Unit holders are requested to note that 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. The Channel Distributor is required to send copy of investors' KYC proof 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. a demat statement will be sent by Depository Participant showing the credit of Units to their account. SEBI /IMD / CIR No. 2010 as amended from time to time as also in accordance with the procedures and guidelines issued by the respective Stock Exchanges and the Depositories from time to time.HDFC Fixed Maturity Plans . An account statement will be issued by HDFC Mutual Fund to investors who purchase their Units under this facility in physical mode. change of bank details. the Channel Distributors will aggregate the details of transactions (viz. 2009 and No. The facility to purchase Units through the stock exchange infrastructure shall be in accordance with SEBI Circular No. investors should approach Official Point(s) of Acceptance of HDFC Mutual Fund if Units are held in physical mode and the respective Depository Participant(s) if Units are held in demat mode. the transaction request. • The investor will transfer the funds to the Brokers/ Clearing Members.Series 37 38 . Applications for purchase of Units which are incomplete / invalid are liable to be rejected. 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. Under such arrangement. In case of non- financial requests/ applications such as change of address. In case of investors who intend to deal in Units in depository mode. • Allotment details will be provided by the Brokers/ Clearing Members to the investor.

are by way of direct credits to the specified bank account of the Fund. The Recipient at its discretion may treat such electronic transactions as final for all record purposes. losses. claims. garbled.Series 37 . distorted. obligations. employees. ineffective. The transmitter authorizes the Recipient to accept and act on the electronic transactions that the Recipient believes in good faith to be given by the transmitter duly signed. along with their directors. damages. costs and expenses of whatever nature (whether actual or contingent) directly or indirectly suffered or incurred. the Trustee. SUBSCRIPTION OF UNITS THROUGH ELECTRONIC MODE Subject to an investor fulfilling applicable terms and conditions as may be stipulated by the AMC from time to time. liabilities. In case there is any discrepancy between the particulars mentioned in the electronic transactions and the original document/s that may be received thereafter.HDFC Fixed Maturity Plans . sustained by or threatened against the indemnified parties whatsoever arising from and/or in connection with or in any way relating to the indemnified parties in good faith accepting and acting on the electronic transactions. The Mutual Fund. The transmitter acknowledges that electronic transactions is not a secure means of giving instructions / transactions requests and is aware of the risks involved including but not limited to such instructions/requests being inaccurate. if any) and dividend payouts. The transmitter agrees that security procedures adopted by the Recipient may include signature verification. the AMC/ Mutual Fund/ Registrar/ or any other agent or representative of the AMC/ Mutual Fund/ Registrar ("Recipient") may accept instructions/transaction requests transmitted through fax /web / any other electronic mode as may be permitted by the AMC from time to time (hereinafter referred to as "electronic transactions") by such investor (hereinafter referred to as "transmitter"). as a result of sending and/ or purporting to send such electronic transactions including where such electronic transactions sent / purported to be sent is not processed by the Recipient for any reason whatsoever. the subscription proceeds. that 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 electronic transactions. employees and representatives shall not be liable for any errors. agents. representatives of the AMC. as applicable. The transmitter acknowledges that the request to the Recipient to act on any electronic transactions is for the transmitter's convenience and the Recipient is not obliged or bound to act on the same. The acceptance of the electronic transactions will be solely at the risk of the transmitter and the Recipient shall not be liable and/or responsible for any loss or damage caused to the transmitter directly and/or indirectly. the AMC. when invested through this mode. the transmitter hereby agrees to indemnify and keep indemnified the AMC. Normally. 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. not timely etc. illegible. The Redemption proceeds (subject to deduction of tax at source. The transmitter accepts that the electronic transactions shall be time stamped (wherever required) upon receipt by the Recipient in accordance with SEBI (MF) Regulations. demands. telephone call backs or a combination of the same. if any. having a lack of quality or clarity. It may be noted that investors investing through this mode may also approach the AMC / Official Points of Acceptance directly with their transaction requests (financial / non-financial) or avail of the online transaction facilities offered by the AMC. imperfect. altered. the Recipient shall not be liable for any consequences arising therefrom. 39 SID . Directors. damages or losses arising out of or in connection with the transactions undertaken by investors / distributors through above mode. In consideration of the Recipient accepting and at its sole discretion acting on any electronic transactions received / purporting to be received from the transmitter. Mutual Fund and Trustee (hereinafter referred to as 'indemnified parties') from and against all actions.

HDFCMFMobile. switches. dividend declaration details and other alerts. On availing this facility. MFU acts as a transaction aggregation portal for enabling transaction in multiple Schemes of various Mutual Funds with a single form and a single payment instrument. Additionally.hdfcfund.HDFC Fixed Maturity Plans . a "Category II . HDFCMFMobile This facility enables Unitholders to execute purchases.com as and when such a facility is made available by MFUI and that the same will be considered OPA for transactions in the Scheme(s) of the Fund.com TRANSACTIONS THROUGH MF UTILITY ("MFU") A unitholder may purchase units of the Plan(s) under the Scheme through MFU only during the NFO Period.com using HDFCMFInvestOnline.hdfcfund. request for account statements and avail such other services as may be introduced by the Fund from time to time on their mobile handsets. request for documents via email and avail such other services as may be introduced by the Fund from time to time on the Fund's website www. transmitter will unequivocally be bound by what is stated above. download account statements. 1993. eAlerts This facility enables the Unit holder to receive SMS confirmations for purchase.com will be considered as Official Point of Acceptance (OPA) for transactions in the Scheme(s) of the Fund. The AMC reserves the right to modify the terms and conditions and/ or to discontinue the facility at any time. for usage of MF Utility ("MFU") a "Shared Services" initiative formed by the Asset Management Companies of SEBI registered Mutual Funds under the aegis of Association of Mutual Funds in India (AMFI). view account details and portfolio valuation. Both financial and non- financial transactions pertaining to Scheme(s) of HDFC Mutual Fund ('the Fund') can be done through MFU at the authorized Points of Service ("POS") of MFUI. HDFCMFInvestOnline. view account details. such transactions can also be carried out electronically on the online transaction portal of MFU at www. the facility of ePayouts comprising mode of payment of Redemption / Dividend Proceeds if any. The AMC/Fund may at its sole discretion offer/ discontinue any and/or all of the eServices facilities offered to any Unitholder in the event the offer of the same is restricted under the applicable jurisdictional laws of such Unitholder. annual report/abridged summary thereof and/or any statutory / other information as permitted by email. The details of POS with effect from the respective dates published on MFU website at www.com using HDFCMFOnline.Registrar to an Issue"under SEBI (Registrars to an Issue and Share Transfer Agents) Regulations. eDocs This facility enables the Unitholder to register an email address with the AMC for receiving allotment confirmations. redemptions.Series 37 40 . via Direct Credit / NEFT / ECS is covered under eServices facility. ELECTRONIC SERVICES The eServices facility includes HDFCMFOnline.mfuonline. Investors will be required to obtain Common Account Number ("CAN") for transacting through MFU. The AMC has entered into an Agreement with MF Utilities India Private Limited ("MFUI"). consolidated account statement/account statement. portfolio valuation online. eDocs. redemptions.mfuindia. The key features of MFU are: 1. eAlerts and ePayouts. redemption or switch. please visit our website www.hdfcfund. SID . Apart from above mentioned facilities. HDFCMFInvestOnline This facility enables existing Unitholders not having a HDFC Personal Identification Number (HPIN) to execute purchases / avail such other services as may be introduced by the Fund from time to time on the Fund's website www. For further details and the terms and conditions applicable for availing eServices. HDFCMFOnline This facility enables Unitholders to execute purchases. switches.

if the intended transferee is otherwise eligible to hold the Units of the respective Plan(s). The CRF and other relevant forms for transacting thorugh MFU can be downloaded from MFUI website at www. 8. (iii) Financial transactions like Purchases. a transferee) becomes a holder of the Units by operation of law or upon enforcement of pledge. The policy regarding re-issue of repurchased Units. facilitating change of address through KRAs etc. proceed to effect the transfer.mfuindia. The terms & conditions of offering of the Scheme(s) of the Fund as specified in the Scheme Information Document (SID). 2. on the right to freely retain or The Units of the respective Plan(s) of the Scheme are not dispose of Units being offered. Currently.com or can be obtained from MFUI POS. based on duly signed written requests from the Investors. 6. Registration of Systematic Transactions like Systematic Investments (SIP) using a single Mandate. The transactions carried out through MFU shall be subject to the terms & conditions as may be stipulated by MFUI / Fund / HDFC AMC from time to time. for transacting in multiple Schemes of various Mutual Funds through MFU and to map existing folios. Investors of the Fund can also get in touch with Investor Service Centres (ISCs) of HDFC AMC to know more about MFU. the transactions facilitated through MFU for the investors are: (i) CAN registration. (iv) Non-financial transactions (NFT) like Bank Account changes. (ii) Submission of documents to KRAs for KYC Registration. Registrar and Transfer Agent (RTA) of the Fund shall provide necessary details to MFUI as may be needed for providing the required services to investors / distributors through MFU. 4.e. 3. Investors transacting through MFU shall be deemed to have consented to exchange of information viz. 5. including the maximum extent. the Investors are requested to get in touch with the ISCs of HDFC AMC. a single reference number for all investments across Mutual Funds. the manner of reissue. if any. However. 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. if any) between the Fund /HDFC AMC and MFUI and / or its authorized service providers for validation and processing of transactions carried out through MFU. additions / deletions of names will not be allowed under any folio of the respective Plan(s). if any. personal and / or financial (including the changes. investors are requested to contact the Customer Care of MFUI on 1800-266-1415 (during the business hours on all days except Sunday and Public Holidays) or send an email to clientservices@mfuindia. For any escalations and post-transaction queries pertaining to Scheme(s) of the Fund. HDFC AMC and / or CAMS. 7.A. the entity (the scheme or the AMC) involved in the same. Redemptions and Switches. then the AMC shall. Investors will be allotted a CAN. Key Information Memorandum ('KIM') and Statement of Additional Information ('SAI') shall be applicable to transactions through MFU. 41 SID . Investors can create a CAN by submitting the CAN Registration Form (CRF) and necessary documents at the Point of Service (POS) of MFUI.Series 37 .com. For details on carrying out the transactions through MFU or any queries or clarifications related to MFU.HDFC Fixed Maturity Plans . the said provisions will not be applicable in case a person (i. N. transferable except for Units held in dematerialized form. Systematic Withdrawals (SWP) and Systematic Transfers (STP). subject to production of such satisfactory evidence and submission of such documents. Restrictions. In view of the same.

as may be amended from time to time. ONGOING OFFER DETAILS Ongoing Offer Period The Units of the respective Plan(s) will not be available for This is the date from which the scheme will reopen for Subscriptions/ Switch-in after the closure of NFO period. subscriptions/redemptions after the closure of the NFO The Units of the respective Plan(s) will be listed on the Capital period. The price of the Units in the market will depend on demand and supply at that point of time. B. The trading of Units on the NSE / BSE on which the Units are listed will automatically get suspended from the date of issue of the said notice. During the period of Book Closure. Market Segment of the National Stock Exchange of India Ltd. the Redemption proceeds will be paid only to the first named Unit holder. except requests for switch-out received by the Fund. Ongoing Price for redemption (sale)/ switch-outs (to An investor can redeem (sell) Units on the NSE / BSE on which other schemes/plans of the mutual fund) by investors. The Switch request can be made on a Transaction Slip. is as follows: 1. Units of the respective Plan(s) will be compulsorily redeemed on the Maturity / Final Redemption date. 2. Ongoing Price for subscription (purchase)/ switch-in The Units of the respective Plan(s) will not be available for (from other schemes/plans of the mutual fund) by subscriptions / switch-in directly with the Mutual Fund after investors. An investor can subscribe (buy) Units on the NSE / BSE on which the Units are listed during the trading hours like any other publicly traded stock. the closure of NFO Period. the Units are listed during the trading hours like any other publicly traded stock. Redemption / Switch requests will have to be signed by all the joint holders. An investor can buy/sell Units on a continuous basis on the NSE / BSE on which the Units are listed during the trading hours like any other publicly traded stock. in cases of holding specified as 'Anyone or Survivor'. (NSE) and BSE Ltd. If so directed by SEBI. A separate ISIN (International Security Identification Number) will be allotted for each Plan/Option of the respective Plan(s) offered under the Scheme. The first NAV of the respective Plan(s) as declared by the AMC will be the base price / open price of listing on the stock exchange(s). SUSPENSION OF SALE / REDEMPTION OF THE UNITS The indicative list of circumstances under which sale and/or redemption or switching of units may temporarily be suspended on the stock exchange(s) on which the Units of the respective Plan(s) are listed.Series 37 42 . However. There is no minimum investment. the Units will be transferable through the Stock Exchange(s) on which the said Units are listed in accordance with the provisions of SEBI (Depositories and Participants) Regulations. where mode of holding is specified as "Joint". However. In case the Units are held in the names of more than one Unit holder. until the date of issue of notice by the AMC for fixing the record date for determining the Unit holders whose name(s) appear on the list of beneficial owners as per the Depositories (NSDL/ CDSL) records for the purpose of redemption of Units on Maturity / Final Redemption date. SID . The price of the Units in the market will depend on demand and supply at that point of time. any of the Unit holders will have the power / authority to make Redemption / Switch request. 3.HDFC Fixed Maturity Plans . In the event of any unforeseen situation that affects the normal functioning of the stock exchange(s). without it being necessary for all the Unit holders to sign. although Units are purchased in round lots of 1. which should be submitted at / sent by mail to any of the ISCs. As the Units of the Scheme will also be issued in dematerialized form. (BSE). in all cases. The delivery instructions for transfer of Units will have to be lodged with the DP in the requisite form as may be required from time to time and transfer will be effected in accordance with such rules/regulations as may be in force governing transfer of securities in dematerialized form.

the rolling settlement on T+2 basis for all trades has commenced from April 1. should be mentioned in the Delivery Out instructions given by him/her to the DP. an investor has to pay the purchase amount to the broker/sub. The NSE / BSE regulations stipulate that the trading member should pay the money or Units to the investor within 24 hours of the pay-out. Switch-out request will be accepted upto 3.00 p. the provisions of Cut off timing for redemptions including switch-outs will not be applicable to the respective Plan(s). etc. Rolling Settlement As per the SEBI's circular dated March 4. Each Plan will be compulsorily and without any further act by the Unit holder(s) redeemed on the Maturity / Final Redemption Date. Units of the respective Plan(s) will be compulsorily redeemed on the Maturity / Final Redemption date. SEBI has advised that the Delivery Out instructions should be given at least 24 hours prior to the cut- off time for the prescribed securities pay-in to avoid any rejection of instructions due to data entry errors. Therefore. except requests for switch-out received by the Fund. the Units under the Plan will be redeemed at the Applicable NAV. An investor who has sold Units should instruct his/her DP to give 'Delivery Out' instructions to transfer the Units from his/her beneficiary account to the Pool Account of his/her trading member through whom he/she have sold the Units. on the Maturity Date/Final Redemption Date. If an investor has sold Units. For Redemptions including switch-outs Units of the respective Plan(s) cannot be redeemed including switch-outs by the investors directly with the Fund until the date of Maturity/ Final Redemption. Unit quantity etc. an investor has to deliver the Units to the broker/sub-broker before the securities pay- in day of the settlement cycle on the NSE / BSE . An investor should give the details of his/her beneficiary account and the DP-ID of his/her DP to his/her trading member. The instructions should be given well before the prescribed securities pay-in day. The Pay-in and Pay-out of funds and the Units will take place 2 working days after the trading date. network problems. The pay-in and pay-out days for funds and securities are prescribed as per the Settlement Cycle. subscriptions / switch-in after the closure of NFO Period.broker such that the amount paid is realized before the funds pay-in day of the settlement cycle on the NSE / BSE. The trading member will transfer the Units directly to his/her beneficiary account on receipt of the same from NSE's Clearing Corporation / BSE's Clearing Corporation. There is no minimum investment. The Units (in the case of Units bought) and the funds (in the case of Units sold) are paid out to the broker on the pay-out day of the settlement cycle on the NSE / BSE.HDFC Fixed Maturity Plans . 2003. On the Maturity / Final Redemption Date of the Plan. although Units are purchased in round lots of 1. A typical Settlement Cycle of Rolling Settlement is given below: 43 SID . Settlement of Purchase/Sale of Units of the Scheme on NSE / BSE Buying/Selling of Units of the Scheme on NSE / BSE is just like buying/selling any other normal listed security. If an investor has bought Units. Each Plan will have a Maturity Date / Final Redemption Date.Series 37 .m. If an investor has bought Units. Cut off timing for subscriptions/redemptions/switches For Purchases including switch-ins This is the time before which your application (complete in The Units of the respective Plan(s) will not be available for all respects) should reach the official points of acceptance. 2003 onwards. he should give standing instructions for 'Delivery-In' to his/her Depository Participant (DP) for accepting Units in his/her beneficiary account. The details of the Pool A/C (CM-BP-ID) of his/her trading member to which the Units are to be transferred.

any of the ISCs / Official Points of Acceptance whose addresses are mentioned on Page 59 to 63 of the SID. the AMC will divide the Switch- out amount so specified by the Redemption Price to arrive at the number of Units. Switch-out request can be made for a minimum amount of Rs.00 a. For details on updated list of ISCs / Official Points of Acceptance investors are requested to call 1800 3010 6767/ 1800 419 7676 or contact the AMC branches or log on to our website www.000 or a minimum of 100 Units.com. If a Switch-out request is for both. The AMC reserves the right to change the basis for Redemption through demat mode from Unit basis to any other basis. weekend days (i. Segment of the NSE and BSE the Scheme will not provide for subscription / redemption of Units. T+1 Processing and downloading of obligation files to brokers /custodians by 1.HDFC Fixed Maturity Plans .m. Units of the respective Plan(s) will be automatically redeemed on the Maturity date / Final Redemption date. T+2 Pay out of funds and securities by 1.m.30 p.Series 37 44 . except requests for switch-out received by the Fund. T+2 Pay-in of funds and securities by 11. Minimum balance to be maintained and consequences As Units of the Scheme will be listed on the Capital Market of non-maintenance. In case of partial switch-outs the balance Units will be redeemed and maturity proceeds paid out. The application forms for switch-out of units on the Maturity / Final Redemption date should be submitted at / may be sent by mail to.30 p.e. a specified rupee amount and a specified number of Units of the respective Plan(s). Saturday and Sundays) and bank holidays are not taken into consideration. While calculating the days from the Trading day (Day T). 1. Where can the applications for purchase/redemption/ The Units of the respective Plan(s) will not be available for switches be submitted? subscriptions / switch-in after the closure of NFO Period. the specified number of Units will be considered the definitive request.m. Units of the respective Plan(s) will be automatically redeemed on the Maturity date / Final Redemption date. The Switch-out request can be made by specifying the rupee amount or by specifying the number of Units of the respective Plan(s) to be switched-out.m. Minimum amount for purchase/redemption/switches Minimum amount for Purchase (including Switch-in): The Units of the respective Plan(s) will not be available for subscriptions / switch-in after the closure of NFO Period. If only the Switch-out amount is specified by the Unit holder.hdfcfund. Day Activity T The day on which the transaction is executed by a trading member T+1 Confirmation of all trades including custodial trades by 11. the provisions of minimum balance to be maintained and consequences of non-maintenance will not be applicable to the Scheme. Therefore. An investor can buy/sell Units on a continuous basis on the NSE / BSE and/or any other Stock Exchange(s) on which the SID . Special Products available The Units of the respective Plan(s) will not be available for Subscriptions/ Switch-in after the closure of NFO period.00 a. The request for Switch-out of Units could also be in whole figures. 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 on the Maturity date / Final Redemption date. except requests for switch-out received by the Fund.

bonus transactions.demat form in whose folios no transaction has taken place during that period shall be sent by mail/email. for any financial transaction undertaken during the month on or before 10th of succeeding month by mail or email. redemption. l The half yearly consolidated account statement will be sent by e-mail to the Unit holders whose e-mail address is registered with the Fund. switch. the AMC shall issue monthly account statement to such Unit holder(s). l For the purpose of sending SCAS. l For folios not included in the CAS (due to non-availability of PAN). September/ March). l The Unit holder may request for a physical account statement by writing to/calling the AMC/ISC/RTA. l The transactions viz. dividend reinvestment. **transaction(s) shall include purchase.e. Half Yearly Consolidated Account Statement: l A consolidated account statement detailing holding across all schemes at the end of every six months (i.HDFC Fixed Maturity Plans . Account Statements APPLICABLE TO INVESTORS WHO OPT TO HOLD UNITS IN NON-DEMAT FORM For normal transactions during ongoing sales and repurchase: l The Units of the respective Plan(s) will not be available for subscriptions / switch-in after the closure of NFO Period. The Mutual Fund/ AMC shall despatch an account statement within 5 Business Days from the date of the receipt of request from the Unit holder. dividend payout. the first named Unit holder shall receive the CAS/ account statement. carried out by the Unit holders shall be reflected in the CAS on the basis of Permanent Account Number (PAN). systematic withdrawal advantage plan. switch. l The CAS shall not be received by the Unit holders for the folio(s) not updated with PAN details. redemption. unless a specific request is made to receive in physical. etc. during the month and holdings at the end of the month. common investor(s) across mutual funds and the database of Depositories shall be identified based on the Permanent Account Number 45 SID . to all such Unit holders holding units in non. systematic transfer plan. purchase. The Unit holders are therefore requested to ensure that the folio(s) are updated with their PAN. l A 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 or e-mail.. Units are listed during the trading hours like any other publicly traded stock. l In the event the account has more than one registered holder. APPLICABLE TO INVESTORS WHO HAVE A DEMAT ACCOUNT AND OPT TO HOLD UNITS IN NON-DEMAT FORM MONTHLY SCAS: l A single Securities Consolidated Account Statement ('SCAS')^ for each calendar month to the Unit holder(s) who are holding a demat account ('Beneficial Owner(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. ^Securities Consolidated Account Statement ('SCAS') shall contain details relating to all the transaction(s)** carried out by the Beneficial Owner(s) (including transaction charges paid to the distributor) across all schemes of all mutual funds and transactions in securities held in dematerialized form across demat accounts. etc. on or before 10th day of succeeding month. dividend payout.Series 37 . systematic investment plan.

l The SCAS will be sent by e-mail to the investor(s) whose e-mail address is registered with the Depositories. the depository shall send physical statement to investor(s) in terms of regulations applicable to Depositories. In case of multiple holding. the AMC/Fund will provide an account statement (reflecting transactions of the Fund) to the Unit holder(s) within 5 Business Days from the receipt of such request. In case an investor does not wish to receive SCAS through e-mail. PERIODIC SCAS: l In case there is no transaction in the folio. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective DPs periodically. (PAN). APPLICABLE TO INVESTORS WHO OPT TO HOLD UNITS IN DEMAT FORM The AMC shall send an allotment confirmation specifying the units allotted by way of email and/or SMS within 5 Business Days of receipt of valid application/transaction to the Unit holders registered e-mail address and/or mobile number.Series 37 46 . l Where PAN is not available.e. l In case an investor does not wish to receive SCAS. September/March). a half yearly SCAS detailing holding across all schemes of mutual funds and securities held in dematerialized form across demat accounts shall be sent by Depositories to investors at the end of every six months (i. SID . the Unit holder shall promptly advise the Mutual Fund to enable the Mutual Fund to make the delivery through alternate means. an option shall be given by the Depository to receive SCAS in physical. unless the Unitholder has opted to receive the proceeds through Warrant/Cheque/Demand Draft. an option shall be given by the Depository to indicate negative consent. Dividend l The dividend proceeds will be paid directly into the Unitholder's bank account through various electronic payout modes such as Direct credit/ NEFT/RTGS/ECS / NECS etc. identification shall be based on the PAN of the first holder and the pattern of holding. COMMUNICATION BY EMAIL For those Unit holders who have provided an e-mail address. l In case of demat accounts with NIL balance and no transactions in mutual fund folios and in securities.HDFC Fixed Maturity Plans . l In case of a specific request received from the Unit holder(s). l The SCAS shall not be received by the Unit holder(s) for the folio(s) not updated with PAN and/or KYC details. Unit holders will be required to download and print the documents after receiving e-mail from the Mutual Fund. The Unit holder(s) are therefore requested to ensure that the folio(s) are updated with their PAN/KYC. Should the Unit holder experience any difficulty in accessing the electronically delivered documents. l Investor(s) having multiple demat accounts across the Depositories shall have an option to choose the Depository through which the SCAS will be received. on or before 10th day of succeeding month. the AMC will send the communication/ Account Statement by email. the account statement shall be sent to the Unit holder by the AMC. l The half yearly SCAS will be sent by mail/e-mail as per the mode of receipt opted by the investors to receive monthly SCAS. Investors who are not eligible for receiving SCAS shall continue to receive a monthly account statement from the AMC. 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.

Redemption Payment of Redemption Proceeds As a default option unitholders will receive redemption proceeds directly into their bank account through various electronic payout modes such as Direct credit/ NEFT/RTGS/ECS /NECS etc. 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. Switch-out upon Maturity Investor will have an option to submit instruction to switch-out the maturity proceeds into any other scheme of HDFC Mutual Fund at the time of NFO. the AMC shall be liable to pay interest @ 15% per annum to the Unitholders. In the event of failure of despatch of dividend within the stipulated 30 day period. The switch out transaction will be processed based on the applicable Net Asset Value (NAV) on the date of maturity respective Plan(s). Further. However. will be paid in case the Redemption proceeds are not made within 10 Business Days of the Redemption date.HDFC Fixed Maturity Plans . under normal circumstances. However. switch out facility will not be available for units held in dematerialised mode. l The dividend warrants /cheque / demand draft shall be despatched to the Unitholders within 30 days of the date of declaration of dividend. if there is more than one registered holder. Unit holders who wish to cancel this switch-out instrument submitted during the NFO of the Plan should submit a request for cancellation at any of the ISCs of the Fund atleast 5 working days prior to the date of maturity of the said Plan. if there is more than one holder on record. if there is more than one registered holder. as per the bank account details recorded with the Depository Participant through electronic payout modes or by forwarding a Warrant / Cheque / Demand Draft based on the list provided by the Depositories (NSDL/ CDSL) giving the details of the demat account holders and the number of Units held by them in demat form on the Record date. Investors are also requested to note that a facility has been enabled for submitting switch out request at least 10 calendar days in advance. unless they have opted to receive the proceeds through Cheque/Demand Draft. l For units held in demat form: The Dividend proceeds will be credited to the bank account of the Unitholder. the address of the first-named Unit holder). 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. 47 SID . prior to the maturity date of the respective Plan(s). even in cases where investments are made in cash). l The proceeds will be paid in favour of the Unit holder (registered holder of the Units or. Redemption proceeds will be paid in favour of the Unit holder (registered holder of the Units or. This facility shall not be applicable for Units held in demat mode. A penal interest of 15% or such other rate as may be prescribed by SEBI from time to time.Series 37 . the address of the first-named Unit holder). As per SEBI (MF) Regulations. if there is more than one holder on record. the Mutual Fund would endeavor to despatch the Redemption proceeds cheque within 3-4 Business Days from the date of redemption. Unitholders are requested to note that the units can also be switched-out to any Scheme/ Plan of the Fund available for subscription on the date of Maturity/ Final Redemption date at the redemption price of the respective Plan(s). Redemption cheques will be sent to the Unit holders address (or. even in cases where investments are made in cash). the Mutual Fund shall dispatch Redemption proceeds within 10 Business Days of the Redemption date. Warrant/Cheque/Demand Draft will be sent to the Unit holders address (or.

1. Applications without complete bank details shall be rejected. as per the bank account details recorded with the DP through electronic modes or by forwarding a Cheque / Draft. The redemption proceeds will be credited to the bank account of the Unitholder. 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. bank account for receipt of redemption/ dividend proceeds) mentioned in the application form for subscription under a new folio is different from pay-in bank account details (i. etc.Series 37 48 . For Units held in demat form Unitholders should submit their valid redemption request to their Depository Participant (DP).HDFC Fixed Maturity Plans . SEBI has made it mandatory for investors to provide their bank details viz. Further. BANK DETAILS In order to protect the interest of Unit holders from fraudulent encashment of redemption / dividend cheques. where the payment for the purchase of the Units redeemed was made out of funds held in NRO account. Cancelled original cheque leaf (where first Unit holder name and bank account number printed on the face of the cheque). In case Unit holder has not provided the bank details at the time of making investment (pertains to the period when bank details were not mandatory).1. Payment will be made only in the Bank Account registered with the Mutual Fund. bank account from which a subscription payment is being made). In the case of FPIs The Fund will credit the net amount of redemption proceeds of such Units to the foreign currency account or Special Non- Resident Rupee Account of the FPI. where the Units were purchased on repatriation basis and the payment for such purchase was made by inward remittance through normal banking channels or out of funds held in NRE/ FCNR account of the Unitholder. Any one of the following documents: 1. The AMC will not be responsible for any loss arising out of fraudulent encashment of cheques / warrants and / or any delay / loss in transit. Redemption by NRIs/ PIOs/ OCIs/ FIIs/ FPIs Payment to NRI / PIOs/ OCIs/ FII / FPI 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).e. Unit holders should without fail cancel the cheque and write 'Cancelled' on the SID . name of bank. to the Mutual Fund. or (iii) Remitted abroad. branch.e. address. Investors are requested to note that applications for new folio creation submitted (wherein pay-out bank details is different from payin bank details) without any of the required documentary proof relating to pay-out bank account details will be treated as invalid and liable to be rejected. redemption proceeds may be : (i) Credited to the Unitholder’s NRO account. The Fund / AMC / Trustee reserves the right to call for such other information and documents as may be required from the investors. or (ii) Credited at the Unitholder’s option to the NRE / FCNR/ NRO account. account type and number. This also applies to cases where investments are made through cash payments. 2 and 3 as detailed in procedure under section ‘Change in Bank Account’ on Page 49 in case the pay-out bank account details (i. it will be mandatory for the investors to submit any one of the documentary proof mentioned in point No. In the case of NRIs/ PIOs/ OCIs Subject to RBI/FEMA Regulations. redemption requests should be submitted along with the following documents: 1.

In case the original of any document is not produced for verification.com. bank branch. 1. face of it to prevent any possible misuse.HDFC Fixed Maturity Plans .hdfcfund. the procedure for change in bank details would be as determined by the depository participant. bank branch. Note: The above documents shall be submitted in Original. bank seal and contact number. employee code. account type.3. the MICR code of the branch & IFSC Code (where available) and specimen signature of the Unit holder.2. l Multiple Bank Accounts Registration The AMC/ Mutual Fund provides a facility to the investors to register multiple bank accounts (currently upto 5 for Individuals and 10 for Non . the same must be submitted at the Investor Service Centres of AMC (ISCs) where they will be verified with the original documents to the satisfaction of the Fund. Self attested copy of the bank pass book or a statement of bank account with current entries not older than 3 months having the name and address of the first unit holder and account number. The original documents will be returned across the counter to the Unit holder after due verification. 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. 49 SID . Investors must specify any one account as the "Default Bank Account". the bank account information like bank account number. Unit holders should without fail cancel the cheque and write 'Cancelled' on the face of it to prevent any possible misuse. may however. then the copies should be attested by the bank manager with his / her full signature. when a minor attains the age of majority. and 2. In case of folios held on behalf of minors. specify any other registered bank account for credit of redemption proceeds at the time of requesting for redemption.Individuals) for receiving redemption/ dividend proceeds etc. the Unit holders may change their bank details registered with the Mutual Fund by submitting 'Multiple Bank Account Registration Form' or a standalone separate Change of Bank Details Form. The investor. Unit holders will be required to submit the duly filled in Change of Bank Details Form 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). Letter from the bank on its letterhead certifying that the Unit holder maintains/ maintained an account with the bank.Series 37 . name. 1. Self attested copy of any one of the documents admissible as Proof of Identity (PoI) as may be prescribed by SEBI from time to time. 2. For investors holding units in non-demat mode. l Change in Bank Account For investors holding units in demat mode. the following procedure needs to be adhered to: 1. the documents pertaining to the major investor's bank details registration must be submitted to the Fund. the bank account information like bank account number. Investors holding units in non-demat form are requested to avail the facility of registering multiple bank accounts by filling in the 'Multiple Bank Accounts Registration Form' available at our Investor Service Centres (ISCs) or on our website www. by providing necessary documents. If copies are furnished. In case a 'Change of Bank Details Form' is submitted. Where such name is not printed on the original cheque.

in the event of a request for redemption of units being received within seven days of change in bank account details. the procedure as detailed below shall be applicable. then the copies should be properly attested / verified by entities SID . If copies are furnished. Redemptions / dividend payments.Series 37 50 . if PAN is updated in the folio or PAN/other proof of identity as may be prescribed by SEBI from time to time. the request for such change will not be processed. the normal processing time as specified in the Scheme Information Document. then the copies should be attested by the bank manager with his / her full signature. In case the original of any document is not produced for verification. payment will be made in the existing bank account registered in the folio. will be processed and the last registered bank account information will be used for such payments to Unit holders. Unit holder will be required to submit a valid request for change in address details along with the following supporting documents: u KYC Not Complied Folios/Clients: l Self attested copy of Proof of New Address. and l Any other document/form that the KYC Registration Agency (KRA) may specify from time to time. a self attested copy of the bank pass book or a statement of bank account with current entries not older than 3 months having the name and address of the first unit holder and account number. The original documents will be returned across the counter to the Unit holder after due verification. 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 1-3 above. the same must be submitted at the ISCs where they will be verified with the original documents to the satisfaction of the Fund. The original documents will be returned across the counter to the Unit holder after due verification. In case of non-availability of any of these documents. bank seal and contact number. 3. if any and ensure that the request for change in bank details has been processed before submitting the redemption request. and l Self attested copy of PAN card copy. Note: The above documents shall be submitted in Original. employee code. u KYC Complied Folios/Clients: l Self attested copy of Proof of New Address. name. account type. however it shall be within the regulatory limits. the MICR code of the branch & IFSC Code (where available). If copies are furnished. The above documents will be forwarded to KRA for updation in their record. If change in bank details has not been processed. Any unregistered bank account or a new bank account mentioned by the Unit holder along with the redemption request may not be considered for payment of redemption /dividend proceeds. 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.HDFC Fixed Maturity Plans . In case the original of any document is not produced for verification. if PAN is not updated in the folio. Change of Address 1) For investors holding units in demat mode. if any. may not necessarily apply. Note: The above documents shall be submitted in Original. Further. the procedure for change in address would be as determined by the depository participant. the same must be submitted at the ISCs where they will be verified with the original documents to the satisfaction of the Fund. 2) For investors holding units in non-demat mode.

Unit holders are advised to provide their contact details like telephone numbers. Mutual Fund shall issue a press release providing reasons and explaining when the Mutual Fund would be able to publish the NAVs. mobile numbers and email IDs to HDFC Mutual Fund in writing. 51 SID .com) by 9. reserves the right to obtain an indemnity or verification countersigned by a Bank Manager.hdfcfund. The AMC / Trustee reserves the right to amend the aforesaid requirements.com). You can ascertain the value of your investments by multiplying Subsequently. The Mutual Fund. that the Mutual Fund reasonably believed and relied upon to be genuine. Days from the date of allotment of units under the NFO Period. based on the Unitholder's instructions. Delay in payment of redemption/repurchase proceeds The AMC shall be liable to pay interest to the Unit holders at 15% or such other rate as may be prescribed by SEBI from time to time. If the NAVs are not available before commencement of business hours on the following day due to any reason. The Unitholder(s) would be liable for the loss resulting from a fraudulent encashment / payment to Alternate Payee. PERIODIC DISCLOSURES Net Asset Value The AMC will calculate and disclose the first NAVs of the respective Plan(s) under the Scheme not later than 5 Business This is the value per unit of the scheme on a particular day. Procedures will have to be complied with by the Unitholder for giving instructions for payment to Alternate Payee. AMC shall update the NAVs on the website of AMFI (www. Notary Public. in case the redemption / repurchase proceeds are not made within 10 Business Days of the date of Maturity / Final Redemption / repurchase. the reasons for such delay would be explained to AMFI in writing. authorized for attesting/verification of the documents as per extant KYC guidelines. iv) Displayed at the ISCs.HDFC Fixed Maturity Plans . the NAVs will be calculated and disclosed at the the NAV with your unit balance. 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.Series 37 .com) iii) Displayed on the website of Association of Mutual Funds in India (AMFI) (www. which may result in delay in processing the application. C. arrange to make payments towards redemption and / or any distribution in favour of an alternate payee on Unitholder's specific request. In case of any delay. Magistrate or any other party acceptable to it before accepting any such instructions from the Unitholder. Payment to Alternate Payee The Mutual Fund may subject to compliance with such requirement as it deems fit and necessary may stipulate. It may be noted that there is no commitment from the Mutual Fund that this facility will be available to the Unitholder(s). the AMC will not be liable to pay any interest or compensation or any amount otherwise.amfiindia.com on or before the tenth day of the succeeding month in the prescribed format.00 p. every Business day. www. close of every Business Day in the following manner: i) Published in atleast 2 daily Newspapers. 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 liable to the Unitholder. ii) Displayed on the website of the Mutual Fund (www.hdfcfund. However.m.amfiindia. Monthly Portfolio Disclosure The Mutual Fund shall disclose portfolio of the Scheme as on the last day of each month on its website viz.

com and forward to AMFI within 7 working days from the end of the month. 31st March each year). sent to the Unit holders if the statement is published. and other implications arising out of his or her participation if any.hdfcfund. Half yearly Disclosures: The Mutual Fund shall before the expiry of one month from the A. Associate Transactions Please refer to 'Statement of Additional Information ('SAI')'. 1961( the Act).HDFC Fixed Maturity Plans .608%* (Refer Note below) SID . Securities & Exchange Board of India and hence the entire However. The scheme wise annual report or an abridged summary thereof shall be sent by mail/e-mail not later than four months from the date of closure of the relevant accounting year (i. in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated. currently invested. B.Series 37 52 . (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. 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). Portfolio close of each half year i.e. Monthly Average Asset under Management The Mutual Fund shall disclose the Monthly AAUM under (Monthly AAUM) Disclosure different categories of Schemes as specified by SEBI in the prescribed format on a monthly basis on its website viz. Annual Report 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. The statement of portfolio shall also be displayed on the website of the Mutual Fund. The disclosure of Portfolio shall be made in the format prescribed by SEBI. ww. by the Scheme(s) /investors/ income attributable to or distributions or other payments made to Unit holders are based on the understanding of the current tax legislations. in view of the individual nature of the implications. 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.com within one month from the close of each half year i.e. The applicability of tax laws. on HDFC Mutual Fund/ Scheme(s)/ investments made in the schemes. Half Yearly Results The Mutual Fund shall host half yearly disclosures of the Scheme's' unaudited financial results in the prescribed format on its website viz. by way of an advertisement. on 31st March and on 30th September and shall publish an advertisement in this regard in at least one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the Mutual Fund is situated.hdfcfund. income of the Mutual Fund will be exempt from the Income each investor is advised to consult his or her own tax advisors/ tax in accordance with the provisions of section 10(23D) of the authorised dealers with respect to the specific amount of tax Income Tax Act.e. Resident Mutual Fund ^^ Investors^^ Income Scheme Tax on Dividend Nil D i v i d e n d Distribution Tax (DDT) Individual / HUF: 28. www.84%* O t h e r s : 34. Taxation HDFC Mutual Fund is a Mutual Fund registered with the The information is provided for general information only. The market value of these investments is Provided that the statement of Scheme portfolio may not be also stated in portfolio disclosures. March 31 and September 30. send This is a list of securities where the corpus of the scheme is to all Unit holders a complete statement of its Scheme portfolio.

com. Backbay Reclamation. Subsequently. The Mutual Fund will value its investments according to per Unit No. Mumbai . education cess and secondary and higher education cess. 3rd Floor. For any grievances with respect to transactions through NSE / BSE. 165-166. Investor services Investors may contact any of the Investor Service Centres (ISCs) of the AMC for any queries / clarifications at telephone number 1800 3010 6767/1800 419 7676 (toll free). The NAVs will be calculated upto 4 decimals. The impact of the same has not been reflected above. ^^ The information given herein is as per the prevailing tax laws. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely.For the purpose of determining the tax payable. An equity oriented fund is a 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). in the case of other than equity oriented funds. Short Term (Period Income tax rate Nil of holding less applicable to the Unit than or equal to holders as per their 36 months) income slabs. Investors can also post their grievances/feedback/suggestions on our website www. Fax number. Head . Churchgate.T. Resident Mutual Fund ^^ Investors^^ Capital Gains: 20% (with indexation) Nil Long Term (Period plus applicable of holding more surcharge and than 36 months) education cess. of Units outstanding under each Plan the valuation norms. the NAV of the Plan(s) will of Fair Valuation and valuation guidelines specified by SEBI. please refer to the Section on 'Taxation on investing in Mutual Funds' in 'Statement of Additional Information ('SAI'). For Further details on taxation. as specified in Schedule VIII of the SEBI The AMC will calculate and disclose the first NAV of the Plan(s) (MF) Regulations. * including applicable surcharge. after reduction of tax from such increased amount. In case of any conflict between the Principles the respective Plan(s). Units will be allotted in whole figure. Note: On income distribution. additional income tax is payable under section 115R of the Act. 53 SID . (022) 22821144.HDFC Fixed Maturity Plans . the Principles of Fair Valuation shall prevail. John Mathews. The Head Office of the AMC will follow up with the respective ISCs to ensure timely redressal and prompt investor services.com under the section 'Feedback or queries' appearing under 'Contact Us'. H. be calculated and disclosed at the close of every Business Day. NAV of Units under each Plan shall be calculated as shown Separate NAV will be calculated and announced for each of below: the Options of the respective Plan(s) at the close of every Business Day. the amount of distributed income be increased to such amount as would. Parekh Marg.Series 37 . Mr. if any. His e-mail contact is: jmathews@hdfcfund. or such norms as may be specified by SEBI not later than 5 Business Days from the allotment of units of from time to time. the investors/Unit Holders should approach the investor grievance cell of the stock exchange.com. Each Plan will be managed as a separate investment Portfolio.hdfcfund.400 020 at telephone number (Direct) (022) 66316301 or telephone number (Board) (022) 66316333. COMPUTATION OF NAV Market or Fair Value of the Plan’s Investments The Net Asset Value (NAV) per Unit of the respective Plan(s) will + Current Assets be computed by dividing the net assets of the Plan(s) by the – Current Liabilities and Provisions number of Units outstanding under the Plan(s) on the valuation NAV (Rs.) = date. e-mail: cliser@hdfcfund. made by the Mutual Fund. D.Client Services can be contacted at HDFC House. be equal to the income distributed by the Mutual Fund.

the Trustee is entitled to receive.25% the various sub-heads of recurring expenses mentioned under including agent commission Regulation 52 (4) of SEBI (MF) Regulations are fungible in nature. The figures in the Costs of Statutory Advertisements table above are estimates. Cost of fund transfer from location to location The purpose of the above table is to assist the Investor in Cost of providing account statements and understanding the various costs and expenses that an Investor dividend / redemption cheques and warrants in the Plan(s) will bear directly or indirectly. the TER of the Direct option would not exceed 0. 300 crores of the daily net assets - Service tax on brokerage and 1.75% p. Registrar and Transfer Agents' fee.com December 31 and March 31 of each year. The information provided under this Section seeks to assist the investor in understanding Maximum total expense ratio (TER) the expense structure of the Plan(s) and types of different fees / permissible under Regulation 52 (6)4 Upto 2.) charges to be borne by the investors.Series 37 54 . The TER of the advertising. 4 Fungibility of expenses: The expenses towards Investment RTA Fees & Expenses Management and Advisory Fees under Regulation 52 (2) and Marketing & Selling expenses Upto 2.02% p.a. listing fee. there shall be no internal sub-limits within the Cost related to Investor Communication expense ratio for expense heads mentioned under Regulation 52 (2) and (4) respectively.a. CIR/IMD/DF/21/2012 dated September 13. Currently these awareness (at least 0.00% p. For example. transaction cost3 On the balance of the assets .a.a. These are the fees and expenses incurred for the respective Plan(s) under the Scheme. ANNUAL SCHEME RECURRING EXPENSES that the TER of the Regular option is 1% p. NEW FUND OFFER (NFO) EXPENSES Regulation 52 (6A) (b) These expenses are incurred for the purpose of various activities * Atleast 5% of the TER will be charged towards distribution related to the NFO like sales and distribution. within 7 working days from June 30.000 per annum.e.) As per Para F of the SEBI Circular No. the AMC shall annually set apart Investment Management and Advisory Fees at least 2 basis points p.25% expenses/ loads and their percentage the investor is likely to incur on purchasing and selling the Units of the Plan(s). selling costs.a.100 crores. etc.a.30% inflows from specified cities under A.00. in addition to the reimbursement The AMC has estimated that the following expenses will be of all costs. The Trustee may Expense Head % of daily charge further expenses as permitted from time to time under net assets* the Trust Deed and SEBI (MF) Regulations.25% p. Management and Advisory Fees3 On the next Rs. September 30.a. 300 crores of the daily net assets - Service tax on expenses other than Investment 2. marketing and expenses/ commission in the Regular option. charges and expenses. bank Direct option will be lower to the extent of the above mentioned charges etc.HDFC Fixed Maturity Plans . Other Expenses SID . 0.02% p. a quarterly fee computed charged to the respective Plan under the Scheme as permitted at a rate not exceeding 0. The actual expenses that can be charged to the Scheme(s) will be subject to limits prescribed from Cost towards investor education & time to time under the SEBI (MF) Regulations.hdfcfund. (i.)2 are as under: Brokerage & Transaction cost over and above (1) Recurring expenses under Regulation 52 (6): 0. The expenses of the Scheme(s) or a sum of Rs. 2 (estimated) Investor Education and Awareness initiatives (p.50% p. marketing and In accordance with the Trust Deed constituting the Mutual Fund.a.1. the investor should refer to the website of the Mutual Fund viz. printing and stationary. registrar expenses. Thus. Such fee shall be paid to the Trustee within of Rs.95% p. 2012.) on daily net assets Trustee Fees & Expenses1 of the Scheme(s) within the limits of total expenses prescribed under Regulation 52 of SEBI (MF) Regulations for investor Audit Fees & Expenses education and awareness initiatives undertaken. These expenses include but are not Notes: limited to Investment Management and Advisory Fee charged 1 Trustee Fees and Expenses by the AMC. is charged in the Regular option.IV. For the actual current expenses being charged. 3 Custodian Fees & Expenses Refer Point (3) below on Service Tax on various expenses. www. 15. 100 crores of the daily net assets - and derivative market trades respectively 2.05% on value of trades for cash On the first Rs. namely.a.a. are estimated on Assets Under Management (daily net assets) whichever is higher. seven working days from the end of each quarter every year. Additional expenses for gross new Upto 0.a. in the event B. FEES AND EXPENSES Expense Head % of daily net assets* This section outlines the expenses that will be charged to the (estimated) respective Plan(s) under the Scheme and also about the transaction (p.10% per annum of the daily net assets under Regulation 52 of SEBI (MF) Regulations.12% and 0. On the next Rs.. The NFO Expenses shall be borne by the AMC / the distribution expenses/ commission (atleast 5% of TER) which Trustee Company.

Mutual Fund Industry' as at the end of the previous The current expense ratios will be updated on the Mutual Fund financial year.798.) Invested in the NFO (A) 10. is calculated by dividing the permissible expenses under the Regulations by the average net assets.798.Consolidated Data for AMC or by the Trustee or the Sponsor. Top 15 cities shall mean top 15 cities based in Regulation 52 of the SEBI (MF) Regulations. if any. 10. of trades and included in the cost of investment not Illustration: Impact of Expense Ratio on Scheme's return: Expense ratio.000 10.648.HDFC Fixed Maturity Plans .698.99% 7. if any. CIR/IMD/ (3) Service Tax DF/21/2012 dated September 13.00 (other than Distribution Expenses) (C) Distribution Expenses charged 50.Series 37 . SEBI has specified that the above additional The total expenses of the respective Plan(s) including the Investment expense may be charged for inflows from beyond 'Top Management and Advisory Fee shall not exceed the limits stated 15 cities'. additional TER on daily charged as follows: net assets of the scheme shall be charged as follows: 1.53 1000 10.12% and 0. CIR/IMD/DF/21/ In case inflows from beyond top 15 cities is less than 2012 dated September 13. under Regulation 52 of the SEBI (MF) Regulations.99% expenses) (G) [G= (E-A)/A] 55 SID . website on www.6985 1 year from the date of allotment (post all applicable expenses) (B) Expenses charged during the year 100. Service tax on brokerage and transaction cost paid for Scheme(s) in case the said inflows are redeemed within execution of trade. wherever applicable. such expenses on daily net assets Expense Ratio (TER) as prescribed under Regulation 52 of the Scheme(s) shall be charged on proportionate (6) of the SEBI (MF) Regulations. Service tax on investment management and advisory Daily net assets X 30 basis points X fees shall be charged to the Scheme(s) in addition to New inflows from beyond top 15 cities the maximum limit of TER as prescribed in Regulation 365* X Higher of (a) or (b) above 52 (6) of the SEBI (MF) Regulations.000 10. 2012.00 100.000/.05% for cash market transactions (year to date) of the Scheme(s). 2012.523 1.000. CIR/IMD/DF/24/ of daily net assets. the impact of expenses charged will be as under: Regular Option Direct Option Amount Units NAV Amount Units NAV (Rs. However. basis in accordance with SEBI Circular no.a.12% of the value of trades in case of cash (i) To improve the geographical reach of the Scheme(s) market transactions and 0. and derivatives transactions respectively. Currently. 2012.6485 10. As per Para B of the SEBI Circular No. shall be within the limit prescribed a period of one year from the date of investment. normally expressed as a percentage of Average Assets under Management.00 during the year (D) Value of above investment after 10.000 10.52 1. 2. from time to time.0000 10. 1996.00 0. To further illustrate the above. shall be borne by the on 'AUM by Geography . Any expenditure on Association of Mutual Funds in India (AMFI) data in excess of the SEBI regulatory limits. the amount incurred as expense on account of inflows from such cities shall be credited back to the 3.99% expenses) (F) [F= (B-A)/A] Returns (%) (without considering any 7.com within two working days (ii) Brokerage and transaction costs incurred for execution mentioning the effective date of the change.00 1.) (Rs.30% p. shall be borne by the Scheme(s) The amount so charged shall be utilised for distribution within the maximum limit of TER as prescribed in expenses incurred for bringing inflows from such cities. Regulation 52 (6) of the SEBI (MF) Regulations. for the Scheme under reference. any payment towards are at least (a) 30% of gross new inflows in the Scheme(s) brokerage and transaction cost. if the new inflows from such cities 2012 dated November 19. Service tax shall be the higher of (a) or (b) above.(2) Additional Expenses under Regulation 52 (6A): exceeding 0. over and above the or (b) 15% of the average assets under management said 0.00 1000 10.05% of the value of trades in smaller cities / towns as may be specified by SEBI in case of derivatives transactions. suppose an Investor invested Rs.7985 1 year from the date of allotment (after adding back all expenses charged) (E) [E= B+C+D] Returns (%) (post all applicable 6. whichever is higher.7985 10. * 366.49% 6.0000 Value of above investment after 10. Service tax on other than investment management and advisory fees.under the Growth Option. may be charged In case inflows from such cities are less than the higher to the Scheme(s) within the maximum limit of Total of (a) or (b) above.000. In accordance with SEBI circular no.hdfcfund.) (Rs. expenses not exceeding 0.52 1000 10.

Load The Units under the respective Plan(s) cannot be directly redeemed with the Fund as the Units are listed on the stock exchange(s). shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor. the procedure for waiver of load for direct applications of Applicable NAV) Series 37 is no longer applicable.com) or may call at Pursuant to SEBI circular no. Load amounts are variable and are subject to change from time to time. Exit / Redemption l Not Applicable. 2009 no entry load shall be charged for all a. advice or guarantee of returns on investments. or less.Series 37 56 . • Calculations are based on assumed NAVs. no entry load will details. any change in load structure AMC will issue an addendum by way of Public Notice and display it on the website/Investor D. dated June 30. Details of Load Structure mutual fund schemes.hdfcfund. be charged by the Scheme to the investor. For on Page 4. • The expenses of the Direct Option under the Scheme will be the Units under the Plan will be redeemed at the Applicable lower to the extent of the above mentioned distribution expenses/ NAV. if any. TRANSACTION CHARGES The investor is requested to check the prevailing load structure For details refer section ‘Highlights / Summary of the Scheme(s)’ of the respective Plans under the Scheme before investing. For the current applicable structure. please refer to the E.HDFC Fixed Maturity Plans . C. Entry/ Sales Load l Not Applicable. change the Load structure if it so deems fit in the interest of • Any tax impact has not been considered in the above smooth and efficient functioning of the Mutual Fund. Date. The upfront commission on investment made by the investor.4/ 168230/09 dated Please refer to 'Statement of Additional Information ('SAI')' for June 30. SID . RIGHTS OF UNIT HOLDERS IMD/ CIR No. WAIVER OF LOAD FOR DIRECT APPLICATIONS website of the AMC (www. 2009.4/ 168230/09 (1800 3010 6767/1800 419 7676) or your distributor. Each investor is advised to consult his or her Exit load (net of service tax) charged. should not be construed as providing any kind of investment Each Plan will have a Maturity Date / Final Redemption Date. example. based on the investor's assessment of various factors including service rendered by the ARN Holder. On the Maturity / Final Redemption Date of the Plan. SEBI/ V. Each Plan will be compulsorily and without any further act by • It is assumed that the expenses charged are evenly the Unit holder(s) redeemed on the Maturity / Final Redemption distributed throughout the year. Pursuant to SEBI circular no. if any. shall be credited own financial advisor to the respective Plan(s) under Scheme. SEBI/IMD/CIR No. in view of the individual nature of the tax implications.Note(s): b. LOAD STRUCTURE Service Centres. Redemption • The purpose of the above illustration is to purely explain The Units under the respective Plan(s) cannot be directly redeemed the impact of expense ratio charged to the Scheme and with the Fund until the Maturity date/ Final Redemption date. Therefore. No Exit Load will be levied on the Maturity / Final commission Redemption date. and actual Under the Scheme. Particulars (as a % HDFC Fixed Maturity Plans . the AMC reserves the right to modify / returns on your investment may be more.

20. Nilesh Kapadia and certain front runners. together Court of India was pleased to admit the said SLP. 2014. The Trustee Company. Managing Director of the AMC remitted during the last three years shall also be disclosed. Nilesh Kapadia. or for economic to Circular No. for irregularities or for violations in the financial services 1993. exercised its powers under Article 142 of orders dated July 24. WTM/PS/135/IVD/ JAN/2016 dated January 15. Nilesh Kapadia.000. Penalties and action(s) taken against foreign Sponsor(s) . Rs. FINDINGS OF certain set of persons on the basis of information provided by Mr. details of all monetary the AMC and its Managing Director had filed consent penalties imposed and / or action taken during the last applications seeking settlement of the issues arising out three years or pending with any financial regulatory body of and any proceedings that may be initiated by SEBI in or governmental authority. EAD-2/KM/8485/2014 are carried out and where the headquarters of the dated March 20. .Annexure debenture holders and depositors. in a segregated bank account maintained proceedings. WHICH ACTION MAY HAVE BEEN TAKEN and had issued the following orders and notices in the matter: OR IS IN THE PROCESS OF BEING TAKEN . Details of all nforcement actions (including the details of no. The AMC also (SAT). 75. pursuant to or any other entity registered with SEBI for a period of 10 which the Hon’ble Supreme Court of India was pleased years from the date of the interim order dated June 17. 2014 and January 15. Milind Barve. with interest. or buying. No directions were issued against the Trustee The Hon'ble Supreme Court of India vide its Order dated Company. the AMC and settlement. sums of Rs. prohibited before the Hon’ble High Court at Mumbai. 2014 activities (in terms of income / revenue) of the Sponsor(s) .000/. 2010.respectively without admission or denial of the acquisition of shares of Hindustan Oil Exploration guilt. inter alia. The AMC has thereafter AMC and/ or the Board of Trustees /Trustee Company compensated the concerned investors in accordance with the and/ or any of the directors and/ or key personnel aforementioned directions issued by SEBI. At ordered impounding of unlawful gains allegedly made a hearing held on April 21.00.VI. 2011. In case of Indian Sponsor(s). 1992 10. 2016. for a period of 10 (ten) review. WTM/KMA/IVD/267/06/ 2010 BY ANY REGULATORY AUTHORITY dated June 17.93. if any.000 to matter vide interim order dated June 17. 2011 in this regard. 20. 2016. 2010 1. SEBI filed an appeal SEBI by its order dated July 24. 57 SID . 2002. to which the Sponsor(s) and/ or the with the Trustee Company. SEBI order no. 2005 the Hon’ble Supreme by Mr. 1996. 2016.000/-. SEBI interim order no. Regulations. 6. SEBI Show Cause Notice no. top 10 monetary penalties of foreign Sponsor(s) during the last three years. WTM/PS/ 26/IVD/ID-6/ JULY/2014 limited to the jurisdiction of the country where the principal dated July 24. to issue notice to SEBI in the matter. SEBI (Portfolio Managers) Regulations. MFD / CIR / 15 / 19133 /2002 dated offences. formerly a Dealer (Equities) at INSPECTIONS OR INVESTIGATIONS FOR HDFC Asset Management Company Limited ('the AMC'). letter 3. violation. (especially the fund managers) of the AMC and Trustee Company were/ are a party. the AMC or its Managing Director in SEBI's July 22.50. against Sponsor(s) and / or the this regard. HDFC filed a Special Leave Petition (SLP) Kapadia shall not associate himself with any intermediary before the Hon’ble Supreme Court of India. or for violation of securities law. Details of September 30.HDFC Fixed Maturity Plans . Nilesh Kapadia and certain other accused persons which the Hon’ble High Court set aside the said order from accessing the securities market. Rs. PENDING LITIGATION OR SEBI carried out an investigation into the alleged front running of the trade orders of HDFC Mutual Fund by PROCEEDINGS. 2016 None. SEBI interim order no. SEBI by its interim order dated January 15. EFD-DRA-3/PVS/21350/2011 dated July 5. in compliance with the provisions of for any losses suffered by them on account of the alleged the Securities and Exchange Board of India (Substantial front-running activities. HDFC Trustee Company Limited ('the Trustee Company'). 2016 pending before the Hon’ble Supreme Court of India. Aggrieved by the order passed by SAT. or for defaults with respect to share holders or for Risk Management for Indian Mutual Funds . the AMC deposited the total amount of losses and Rules and Regulations framed there under including suffered by the investors during the period November 2001 debarment and/ or suspension and/ or cancellation and/ to September 2007 aggregating to Rs. 1997 a Consent Order no. 2003.Series 37 .000/. The penalty levied by SEBI on HDFC for delay in intimating 15. if any) taken by SEBI in the last three years and/ and letter no. as or imposition of monetary penalty/adjudication/ enquiry determined by SEBI.96. EFD/OW/MC/7367/1/2016 dated March or pending with SEBI for the violation of SEBI Act.00. SEBI further directed that Mr. Also. SEBI issued Acquisition of Shares and Takeovers) Regulations.914/-. DRA3/MC/OW/ 458/2016 dated January 18. the Constitution of India and imparted quietus to the In accordance with the directions issued by SEBI in the litigation by reducing the penalty from Rs. as determined by SEBI. letter no. arrived at with the aforesaid authorities Mr. including under the SEBI (Mutual Funds) AMC and / or the Board of Trustees / Trustee Company. if any. Nilesh High Court.and Rs. terminated the services of Mr. 1. 2015. 2014 Sponsor(s) is situated.00. pursuant to Mr. Clause IV (Operation Risks) in Operating Manual sector. 2. The matter is now 2010. selling and remanded the matter to SAT for fresh hearing and or otherwise dealing in securities. years for violation of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Aggrieved by the impugned order passed by the Hon’ble Regulations. CO/ID-6/AO/BM/ 130-132/2011 had been set aside by the Securities Appellate Tribunal dated September 30. and the AMC also undertook to compensate investors Company Limited. PENALTIES.

1996 and the guidelines there under consultation with its tax & legal advisors has contested the shall be applicable. Information Document shall prevail over those specified in this Scheme Information Document. On 3. or notified by any other regulatory agency. 2015. Accordingly. they had raised a demand on such Trusts. SID . The Fund in Funds) Regulations. Arising Information Document. 2016 Managing Director be disclosed in the SID. None.HDFC Fixed Maturity Plans . As per the SEBI MF Regulations. The returns filed by few of these securitisation 2016 from NSE and BSE and that the appropriate disclosures Trusts whose PTCs were held by the Fund were taken up for scrutiny by the Income Tax Authorities for Assessment pertaining to listing of Units is made in this Scheme Years 2007-08. mutual fund schemes are permitted to invest in securitised debt. they sent demand Information Document. HDFC Asset Management Company Limited 5. the provisions of the SEBI (Mutual notices to the Fund along with other Mutual Funds as beneficiaries/ contributors to such Trusts. Notwithstanding anything contained in this Scheme failure to recover the same from them. few 2. applicability of such demand and proceedings there on For and on behalf of the Board of Directors of are still pending. 2008-09. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board of Trustees/ Place : Mumbai MILIND BARVE Trustee Company which SEBI has specifically advised to Date : August 24. 2009-10 and 2010-11. Any pending material civil or criminal litigation incidental Notes: to the business of the Mutual Fund to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee 1.Series 37 58 .4. The Scheme under this Scheme Information Document was schemes of HDFC Mutual Fund (“the Fund”) had made approved by the Trustee vide its resolution dated investment in certain Pass Through Certificates (PTCs) of April 21. Any amendments / replacement / re-enactment of SEBI (MF) Company and/ or any of the directors and/ or key Regulations subsequent to the date of the Scheme personnel are a party. Trusts”). out of this. It is ensured by the Trustee that the Scheme certain special purpose vehicles / securitisation trusts (“the has received in-principle approvals for listing on July 1.

6624881 / 82. Near Samarth Cyber Cafe. Leela Mahal Circle. Sampige Road. Telefax: (0657) 2249730. G3 & G4. Gwalior . 4th Block. Malleswaram. Amar Arcade . Rajapeth Police Station. S. City Centre. Fax: (0361) 2464758. Tel: (0751) - 4066060. G. Opp. Ambedkar Road. Dr. Near Indhira Gandhi Square. First Floor. 6..370 001. 1st Floor. # 145. No. 30. # 493. Tel: (0761) . HDFC AMC Ltd. Fax: (0836) 4252 290 HDFC AMC Ltd. Sigma Oasis Complex. Jivottam. Upper Ground Floor. 1st Floor. UG-II. Fax: (0241) 2345801.6621110 / 20. Fax: (08192) 250243. F-2. Guwahati. Road. Fax: (0831) 4206919.15 / 3. 15-18. 5. Bilaspur – 495 001. M. Jammu . Jabalpur . Muzaffarpur . Tirumala Bypass Road.. HDFC AMC Ltd. Mezzanine Floor. Indore . Ground Floor. HDFC AMC Ltd. Saraswathipuram. Jayanagar. Tel: (0124) 2560 450/ 51.403 601. 4th Cross. Kantharaj Urs Road. Bardez. E-Town Shopping. HDFC AMC Ltd. Tel: (0177) 2816860.Civil Hospital. Ground Floor. HDFC AMC Ltd. B Wing.132 103. 1st Floor. Tel: (080) 41460260. Bellary – 583103 Ph: 08392-256577 Fax: 08392-256575. 1st Floor.2460091.. Ranjeet Tower. Vapi . 1st Floor. MAHARASHTRA: HDFC AMC Ltd. 2nd Floor. Bhopal . GUJARAT : HDFC AMC Ltd. Raja Peth. Nehru Nagar East.. A-3.398200. Mahatta Tower.482 002. Tel: (0260) 3983900. 2300552. Muthye Udyog Bhawan.. 3988029 Fax: (0751) – 3982803.. State Highway Road.. Opp.. HDFC AMC Ltd. Fax: 0261 . 3rd Floor. Bangalore . Navsari. Opp. Ground Floor. Tel: (08192) 250 240 / 241 / 242. Coimbatore Road. Fax: (0621) 2245037. HDFC AMC Ltd. Ground Floor. Revankar Comforts. Vijayawada. HDFC AMC Ltd. 1st Floor. U1 . Fax: (080)-41125255. Bhavnagar . Jagadhri Road Opp. Amravati . Tel: (02637) 252681/82/83.. G. HDFC AMC Ltd. Above Axis Bank. Bangalore – 560011. Calicut . 8. Main Road. Tel: (0831) 4206 915 / 916 / 918.. Road. 14/868.. Ahmedabad . Shreemangalam Complex. Jolly Plaza. Tel: (0278) . Tel: 0281. Surat .180 012. Plot Corner. Tel: (0721) 2562 112 / 113 Fax: (0721) 2564115.577 002.. M1.. Fax: (0651) 3988029. Ground Floor. Fax: 0265 . HDFC AMC Ltd. Off. Tel: (0821) 4000 530.380 009. Tel: (0641) 2300 390. Ground Floor. P. Tirupati . Fax: (0264) 2227206. 1st Floor. G. Chawla Complex. Ganpati Enclave. Fax: (02692) .831 001.590 002.2. Behind Maremma Temple. HARYANA : HDFC AMC Ltd. Siripuram.575 001. Patel Society Road. Chala-Vapi Road. Jamshedpur . Tel: 02762-230121. Athwa Gate. 54 B1 Block. HDFC AMC Ltd. MaryGold-2 Complex. Fax: (0491) 2548303. 190/3.: 079 – 40220099/00. First Floor. Sterling Arcade. South Block. 2nd Floor. Plaza. Sapphire Building. East Fort. 2nd Floor. Ranchi. Court Circle. 9th Main.. Tel: (02832) 223 223. Dr. Fax: (0278) .4285385. Hall No-102 A/2. Daulatnagar. Kappagal Road. Gangotri Plaza. Adjoining Gurudawara. Junagadh. Tel: (0621) 2245036/37.3982426. DELHI : HDFC AMC Ltd. M. Fax: (0180) 3985403. 1-A. Kailash Colony . 402. Premises No.. 104 – 105.403 507. HDFC AMC Ltd. Dr. Vadodara . Fax: (0326) 2301756. Ahmednagar - 414 001. S1. Margao . Daboo Hospital.560 034. Mathura Road. Fax: (0260) 3983908. No. Telefax: (0487) 2441976. Srinagar – 190001. Kasak Circle. Race Course Road.360 001.. Edcon Centre. Third Floor. Rama Trade Centre. HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED) – INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND (During NFO Period and Post NFO Period) ANDHRA PRADESH : HDFC AMC Ltd.520 010. Faridabad . Tel: (011) 6632 4082.834 001. Tel: (0612) 6457554/6457557/ 3201439.. Fax: (0171) 2631994. First Floor. Fax: (0832) 2253465..686 001. ASSAM : HDFC AMC Ltd. Bhadra Tower. 1st Floor. Sector 15A. Opp. 6 & 7. 1. G. Bahhaudin College. **2nd Floor. 2nd Floor. Tel: (0657) 2249691.. G S Junction. Fax: (0285) 2670624. Tel: 0261 – 2460082 / 83. Goa. Premises. Tel: (0891) 3263457/.388 001. Patel Mansion. KERALA : HDFC AMC Ltd. HDFC AMC Ltd.678 001. Fax: (0832) 2736477. Tel: (0877) 2222 871 / 872 / 873 / 874. HDFC AMC Ltd.. Tel: (0288) .396445. Mormugao.. Behind Ravipuram Bus Stop. 946 HDFC AMC Ltd. Vasco . Keshav Complex. Tel: (0180) 3985400/ 01. 4092846.U3. 1st Floor.. C. 3419-Khist Galli. 134/4 . 119/A/36. Waghawadi Road. Megha House.580 029.. Tolstoy Marg. 5-B. Koramangala. Cotton Hill Road. HIMACHAL PRADESH: HDFC AMC Ltd. Bangalore . College Road. Cinema cum Commercial Complex. Abade Faria Road. New Delhi – 110 048. HDFC AMC Ltd. Near Benz Circle.: (0891) 6634004. First Floor.474 001. Second Floor. 1st Floor.384002. College Road. Connaught Place. Opposite YMCA. Jamnagar .. Fax : 011-41082131. Zone- II. Samarth 59 SID . Anand-Vidhyanagar Road. Trivandrum – 695 014. 4246995.. 1st Floor. Mehsana . 2nd Floor.117. Fax: 0484 . 1st Floor. Tel: (080) 40927295. Mapusa . TA . Opp. P.133001.. Saigopal Arcade. Nagar.842001. Opposite Nandbhumi Party Plot. Opposite HDFC Bank. Katira Complex.. Krishna Building. 3988029 Fax: (0761) - 4068814 HDFC AMC Ltd. Waltair Main Road. Bangalore – 560001. M. R. HDFC AMC Ltd.390 007. Near Vanijya Bhawan. Kaniamparambil Arcade. Sri Krishna Complex. Tel : 011-41082129/30. 1st Floor.Main Road.. 2nd Floor. Gokulesh. Tel: 0265 . Tel: (0836) 4252 294 / 95.812 002.HDFC AMC Ltd. Pereira Chambers. Road. Padre Jose Vaz Road. Road. Shastri Road.680 005.C. Fax: (0495) . Tel: (0651) 6003358. Garla Garnet No. Tel: (0788) 4092948. Wright Town.T Road.. 60 ft Road. CH 51 / 1 B.. New Delhi .Ozone Plaza. Fax: 0281 .3982330. HDFC AMC Ltd. Shiv Darshan. Fax: (0124) 2560455. 2nd Floor. Tel: (0491) 2548300/302. HDFC AMC Ltd. Pani Tanki Chowk. Shrimant Madhav Rao Scindia Marg. Near Bus stand. Premises No. Mysore . 4th Floor. HDFC AMC Ltd. Gandhi Nagar.4022241 / 42. 04.. Tel: (0171) 2631995. Ward No. Dhanbad Jharia Road. The Mall. Besides GRUH House. Opposite Town Hall. Panaji ..398222. Tel: 080-66205300. Fax: (0177) 2816861. (Above Bandhan Bank).. 2nd Floor. Fax: 0824 – 6620666.40050506.41). Bhagalpur . Ramna.121 001. Pradhan Towers. HDFC AMC Ltd. 2918. Sai Nagar Road. Vipul Agora Building. New Dak Bunglow Road.462 011. HDFC AMC Ltd. Above HDFC Bank. Tel: (0832) 2253 460 / 461. 1st Floor. 1. Kottayam .. Bhuj .3988029. Near HDFC Bank. 2425610. HDFC AMC Ltd. Fax: (0641) 2300391.392 012. Bhilai–492020. Community Centre. Dutt Road. HDFC AMC Ltd..Road. New Delhi -110058. C/o Hera Enclave (Above TATA Docomo Office). Telefax: (0612) 2200747. 1st Floor. Alakhnanda Towers. Maximus Commercial Complex. 3rd Floor. Tel: (0191) 2477911/13 / (0191) 2474298/99. Ground Floor . HDFC AMC Ltd. Gayatri Enclave.12A. Hubli .. HDFC AMC Ltd.3984039. Opposite Mothi Talkies.361 001. Gurgaon .. Minguel Miranda Road. Visakhapatnam . Tel: (080) 23465601.2425609. Mithakhali Six Roads. Kannur Road. Education Department. 39 (Old No .517 507. KPS Market. 18-2-299/B. Bhandari House. Radha Krishnan Road.781 007. Fax: (0821) 4000 535.6624883. HDFC AMC Ltd. Fax: (011) 23351317 /18. Janakpuri. Patna . Thycaud P. Renuka Commercial Complex. No. Bankmore. Tel: (0832) 2513 402 / 406.4049800. 105 & 106. Fax: (0129) 2221340. Fax: 0832 . Shop No 1. Ground Floor..560 003. First Floor.O.. Palghat . City Mall. HDFC AMC Ltd. Civil Medical College. “K Road”.. Tel: (0832) 2737410 / 11. Rajendra Prasad Road. Tel. 4830 / B.4245436. Light House Hill Road. BIHAR : HDFC AMC Ltd. Tel: (0481) 3018392/93. HDFC AMC Ltd. Ambala Cantt .4058890. 5.570 009. HDFC AMC Ltd.492 001. Angod. Opposite Exhibition Ground. Aksa Mall.S. Fax: (02832) 251. 6634001. Fax: 0731 . Near Kailash Colony Metro Station. Tel: (0124) 2221 338 / 339 / 341 / 342 / 343.. Fax: (0832) 2513448. Tel: (02692) . 7. RTO Circle.. Opp. HDFC AMC Ltd. South Delhi. Lala Lajpat Rai Marg. HDFC AMC Ltd. G.1039. No.362001.452 001. JAMMU & KASHMIR : HDFC AMC Ltd. HDFC AMC Ltd.2 & 3 and First Floor.826 001. Vazhuthacaud. Tel: (0241) 2345800. 3rd Floor.. 0824 – 6620667/668. Fax: (080) 41460263. Fax: (080) 30922728. KARNATAKA : HDFC AMC Ltd. Bahu Plaza. Fax: (07752) 400307. KMC. Fax. Raipur . Fax: (0481) 3018397. 2nd Floor.403 001. Old Sada Office Block. Fax: (0877) 2222689. First Floor.3988029.. Dhanbad . 3242077.. Tel. Station Road. 1st Floor. Dighra House. Rajkot . Crown Plaza. Telephone Exchange.122 002. Ground Floor. HDFC AMC Ltd. Jagnath. Tel: (0495) 4099222.. TeleFax: (0866) 3988029.. JHARKHAND : Office Unit No. Thrissur .. MG Road. Tel: 0731 .682 016. HDFC AMC Ltd. Mangalore . First Floor. Belgaum . HDFC AMC Ltd.. Bharuch . Ishwari Complex. 1st Floor. MADHYA PRADESH : HDFC AMC Ltd. Opposite Trinity Metro Station. HDFC AMC Ltd.110 001. Nitesh Broadway. ** This is not an Official Point of Acceptance (OPA) of transactions for the Schemes of HDFC Mutual Fund. Prakashdeep Building.6621150.2425614. Fax: (0288) . 2nd Main. Opp. Upper Ground Floor. 6452188. Tel: (0264) 2227205. Fax: 079 .800 001.. Tel: (0361) 2464759/60.364 001. G. Office No. Nos. Salcete. Tel: (0471) 3983 730 / 731 / 732 Fax: (0471) 3983738.. Opposite Daxinamurty School. Opposite Dhanvantry.IG Road.Series 37 . Maruti Sharanam. Fax: 0755 . 2nd Floor. Tel: (07752) 400305/ 06. HDFC AMC Ltd. Anand .530 003. Above IDBI Bank. HDFC AMC Ltd. Panipat . Vivekanand Road. Devendra Nagar..673 001. Fax: (02637) 252684. Athwa Gate Police Station. P N Marg... 106 & 107.HDFC Fixed Maturity Plans . Ground Floor. HDFC AMC Ltd. Behind Susheela Building.V. Opposite Rajiv Plaza.1C. M. HDFC AMC Ltd. 1st Floor. 1st Floor. Shimla – 171 001. Tel: (0285) 2670622/23. HDFC Bank Complex. 9/3. Tel: (0771) 4020 167 / 168. Tel: 0832 . Opp. Premises 105. Bistupur.. Fax: (0788) 4092901.2358462. Gandhi Circle.. No. Tel: 0755 . 5th Block. M2 & M3.403 802.396 191.444 601.395 001. HDFC AMC Ltd. HDFC AMC Ltd. 1175 B Royal 1. Tel: (0326) 3205352. Davangere .. Tel: (0484) 6555155/255. Kochi .Shanti Complex.. Nandini Complex. Tel : 011-29244801/02 Fax : 011-29244805 GOA : HDFC AMC Ltd. 2nd Floor. 1st Floor. CHHATTISGARH : HDFC AMC Ltd. Tel: (0487) 2422925.. HDFC AMC Ltd.

Tel: (0121) 2602 380 / 2601 965. F1. Trivandrum Road. HDFC AMC Ltd.Ward.: (0161) 2774321 / 5014321.712201.. H.632 001.421 201. Tel: (0413) 3043 293 / 500 / 600. Fax: (0431) 3982835. Shop # 7.. Fax: (0181) 5004029. East Street Galleria. 1st Floor. 1st Floor. Durgapur .506 002. Mitralaxmi Narayana Arcade. H. Dombivli (East). Panposh Road. Noida . Mumbai – 400 058.734 001. 1-88/2. Gurangi Chambers. 4 Sardar Patel Marg. Fax: (0341) 2221219. 2/1. 3982060/70.. HDFC AMC Ltd.713 303. Haridwar . ORISSA : HDFC AMC Ltd. Anant Kuti (Bibikar Bldg.144001.. HDFC AMC Ltd.3988029. Tel: (0240) 3988029. Plot No.: (0462) 2576174.. Hinterland Complex . Trichy . SCO. Tel. Tel : 0175 – 5010082. Kumar Complex. HDFC AMC Ltd. 76. Tel: 020-27477772/3. Allahabad . Fax: (0135) 3987444. Parsvnath Plaza-II. Omkareshwar Road. HDFC AMC Ltd. Office No. Fax : 0175 – 5010084. HDFC AMC Ltd. HDFC AMC Ltd. Backbay Reclamation.. Fax: (022) 28949392. 1st Floor Door No.Thiyagarjapuram Officer's Line Officer's Line. 1st Floor. Ground Floor.282002.605 005.620 017. Gaziabad . HDFC AMC Ltd. Nadar Building. Durga City Centre. Sanjay Place. Bahirwade Chambers. 2nd Floor. No. Fax: (0183) 3982599..2909. Andheri (W). 1. GT Road. Barbil . HDFC AMC Ltd.G Road. Fax: (0661) 3982068.22-C. HDFC AMC Ltd. Lucknow . Tel: (0231) . Gitanjali Complex. Shop No 2&3. Chandigarh . 142/7.HDFC AMC Ltd. Fax: (020) 41223310. Natesan Nagar. 1st Floor. 2nd Floor. Siliguri . Anna Salai. Royal Prestige.. Phone: (033) 33546150/163. After Indian Oil Petrol Pump. “Suyojit Heights”. Rajiv Gandhi Bhavan. Sigra. Meyanoor Main Road. Tel: (044) 43979797 / 43979719. Ground Floor. Fax: (0257) 3982114. 1st Floor. Tel: (0291) 5101927..440 001. Churchgate. Marris Road. 22312876. HDFC AMC Ltd. Ranihat.. Abhilasha Building. Arena Complex. Above ICICI Bank. University Circle. Near Circuit House Chouraha. Sri Balaji Arcade. Premises Nos. Coimbatore . Premises No. Fax: (0291) 5105919. Fax: (0413) 2206776. Tel: (0591) 3988029 / 3982131. Jaipur . 3-Ajmer Road. Padamdeep Building. Taneja Towers. Tel: (022) 25391125. Churchgate. Fax: (0870) 2566010. Chennai . 2nd Floor. Tel: (033) 22312875. HDFC AMC Ltd. M.. Bajrakabati Road. Ram Complex. Camp. HDFC AMC Ltd..202 001. Plot No. 1st Floor.160 022. Sector 17.625 001. Mumbai – 400 076.. Sector . Tel: (0661) 3988029. Pune-411019. Kanpur ..263 139.500081. Jalgaon – 425 002. Sadar. Nirala Bazar. Tel: (0674) 6450502/1502. Office No. Salem . Agarwal Arcade. Telco road. 1-C. 4th Floor. Ground Floor. Tel: (0522) 4155500/ 01. 1st Floor.4. 3A. Ground floor. Fax: (0562) 3984777. WEST BENGAL : HDFC AMC Ltd. Powai. Raj Nagar District Centre. TeleFax: (0452) 3988029. 1st Floor. Civil Lines. Mumbai . Jalandhar . Sambalpur . Borivali (W).250 005. S. “Moondhra Bhavan”. Vellore . Pearl Plaza Building. Bank Road. Backbay Reclamation. East Street. Fax: 033-33541172. 169.17. Tel: (0172) 5050888.. Tel: (022) 26434 760 / 762 / 763 / 764. HDFC AMC Ltd. Narain Ford Building. SCO 122. 654 A/B. HDFC AMC Ltd. Sai Arcade. Rambandhutala. Mumbai . Meerut ...221 010. Tel: 09238106515 / 09238106525. Hi-tech City Main Road. Tel: (0581) 2510 749 / 759. Hazratganj. Fax: 0674 . Ground Floor. Krishna Enclave.226 001. Amritsar-143 001. HDFC AMC Ltd.751 001. 1st Floor.. 69/101. A. HDFC AMC Ltd. HDFC AMC Ltd.. Golbazar. Near NIT Building. Fax: (022) 66580200. Sharanpur Road. HDFC AMC Ltd.4. Tel: (0141) 5116681/ 82 . Bhajanlal Lohia Lane. 127 C/3 East Veli Street. No1 Bhimsena Garden Street. Tel: (0120) 301 0635 Fax: (0120) 3010636. Tel: (020) 66073301. 1st Floor. Tel. 454/3.Series 37 60 . No. Tirunelveli . HDFC AMC Ltd.: (0164) 5001982 / 83. Sri Jagannath Complex. First Floor. HDFC AMC Ltd.342 003. 3rd Floor. HDFC AMC Ltd. Sree Velayudham Complex. First Floor. Tel: (0353) 6453474. Chennai – 600 004. 60. Damani Chambers. Vinayak. City Centre. Ganeshkhind Road..127. Plot No. HDFC AMC Ltd.. Praful Tower. Near RTO.400 077. 165-166. Tennur. 1st Floor. Fax: (033) 33546157. 3/260-A. Fax: (0591) 3982137. Above HDFC Bank Madhapur. Fax: (0120) 423 4349. Nainital Road. First Floor. D-2. 101 & 201. Tel: (022) 39880299. Tel: (0562) 3984761-73. Near Krissh Saphire.400 703.T Parekh Marg.) Nagar. Fax: (0581) 2510709. 1371A. Fax: (0231) . Tel. 1st Floor.. 2nd Floor. HDFC AMC Ltd. First Floor. Tel: (0135) 3988029/ 7434.248 001. Opposite Lok Kalamandal.. Fax: (0671) 2324741. Durga Centre. Tel: (022) 66316333.Omm Bhawan. Sevoke Road. 1st Floor. Ajmer .. Kingsway. Tel. 106-110. HDFC AMC Ltd. Fax: (0161) 3013838. 1st Floor.. Kolkata .627 002. 3 Red Cross Place. Fax: (022) 39855612. Gorakhpur -273 001. HDFC AMC Ltd. Bhubaneswar . Sri Krishna Arcade. New Leela Bhawan Market. IInd Floor.. Liberty Chowk. Fax: (044) 30913082. Delhi Road. India Motor Circle. HDFC AMC Ltd. HDFC AMC Ltd. Madurai . Bhatinda . Fax: (0343) 3982153.. Hotel J W Marriot. Tel: (05946) 285286 Fax: (05946) 285290.. HDFC AMC Ltd. Parekh Marg. Tel: (022) 65253409/08/06/21. Pondicherry . 760. Opp...305001. HDFC AMC Ltd. K-24/25. HDFC AMC Ltd. Kolhapur .243 001. Ghatkopar East. 4 Shah Najaf Road. 31. 73/19. Rajpur Road. 1st floor. 2nd Floor. D-64/127. TELANGANA: HDFC AMC Ltd6-3-885/7. E . Above Corporation Bank. HDFC AMC Ltd. TAMIL NADU : HDFC AMC Ltd. Tel: (0253) 6611831 / 32. Saphire Square. Fax: (022) 26434768. 5011980 Fax: (0164) 5011981. Aligarh . 16/34 Bhargava Estate. “Center Square”.. Fax: (0294) 3982000. 138. SID .. Opp. Tel: (0183) 3988028 /29/ 2570. Opp. Rajarampuri Road. Ludhiana . Hotel Hilton (erstwhile Panchsil). Jodhpur . Navi Mumbai .. Janpath. Manpada Road. Bhotia Parao. Laxmibai Marg. Fax: (0532) 2561035.141 001. Hyderabad .. C1/C9. Mumbai . Jaljog Circle. 25. Fax: (0141) 5111126. Tel: (0341) 2221220. Gem Square. PONDICHERRY: HDFC AMC Ltd. 2-5-83/ 84.400 020..70. Fax: (0571) 2740772. SCO no . RAJASTHAN : HDFC AMC Ltd.700 001.. HDFC AMC Ltd Municipal No. Aurangabad . Fax: (0416) 2214671.. Tel: (0145) 262066. Fax: (0427) 2333617 HDFC AMC Ltd. Opposite Hari . HDFC AMC Ltd. Nashik . Varanasi . HDFC AMC Ltd. Fax: (0253) 6611836. Pune . HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED) – INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND (During NFO Period and Post NFO Period) (contd.. Nagpur . 209A. 2. Patiala -147 001.. Mylapore.636 009. Fax: (06767) 275565.431 001.. Fax: (0522) 4155555. 3 & 4.2531483. 8. Punjabi Lane. Nayapara. Menaka Estate. Tel: (0870) 2566 005 / 006/ 007 / 008/ 009.500 282. Udaipur ..313 001. Trichy Road. Fax: (0251) 2863953.. Opp. Vashi. 146 Civil Lines.769 004.. Fax: (022) 26241131. Fax: (0353) 2545270. Zest Business Space. City Square Building. Raj Nagar.411 007. HDFC AMC Ltd. Ground Floor. Hiranandani Garden.2. 2nd Floor. HDFC AMC Ltd.. Tel: (0416) 2214670/2. 5101937. 1st floor. Palayamkottai. 119.713 216. 1st Floor. Fax: (0663) 2400324. 1st Floor. 1st Floor. 2421. 6/A Roy Ghat Lane. Fax: (0145) 2420660.422 002. Fax: (0121) 2602380. Hyundai Motors Showroom.. Tel: (01334) 222406/ 7 Fax: (01334) 222410.HDFC Fixed Maturity Plans . Feroze Gandhi Market.208 001.D. Kavya Ratnavali Chowk. Tennur High Road. Civil Lines. Tel: (044) 30913060. Besides Sarat Bose Road post office. Fax: (022) 25116805.C.. 1st Floor. 1st floor. Tel: (0712) 6630301/02/04.600 002. Tel: (0532) 2561 035/036/038. LBS Marg. Tel: (0294) 3988029. Haldwani . Limited# 201.. Chinchwad. 2nd Floor.400020. Ganpati Plaza. No. Ramon House. Cuttack – 753 001. HDFC AMC Ltd. 2nd Floor. Nakkala Gutta. Fax: (040) 23417407. 1st Floor. 143/145/1. Tel: (0343) 3982150. HDFC Asset Management Company Limited.641 018. Fax: (0462) 2576173.3982060. Asansol . Ranjit Avenue. G. Shanti Center Premises. Magal Pandey Nagar. Fax: (0172) 2771219.. Tel: (022) 26708239/ 26285389.V. Alagar Jewellery. Tel: (0512) 3935592/93/94. Hanmakonda. Sykes Extension.: (020) 41223301/02.. Tel: (0181) 5004028.400 602. Plot No. Tel: (0427) 3982680/700. Shop no. UGF Hall No.. Royapettah High Road. Kolkata-700 029. No. Near Teen Haath Naka. Tel: (0663) 2400 323 / 339. District Shopping Complex. Warangal . Near Indhira Gandhi Square. HDFC AMC Ltd.. Sarat Bose Road. Thane (West) . Galleria Shopping Mall.: (040) 23417401 / 02 / 03 / 04 / 05. Mumbai . Opposite Howrah A.151 001.768 001. Madhapur. SCO-28. HDFC AMC Ltd. ITC Centre..211 001.. Pune . Fax: (0240) 3982068.711 101. Arihant Complex. PUNJAB : HDFC AMC Ltd.Shree Pratap Tower. Moradabad . India Heights Building.302 001. Chatterjee Plaza. Shop no. Tel: (0671) 2323724/ 725. UTTAR PRADESH : HDFC AMC Ltd. HDFC AMC Ltd. Tel.73. HDFC AMC Ltd. Tower Compound. HDFC AMC Ltd. Mumbai – 400 050. Somajiguda. Tel: (0120) 432 5757/ 5959.411 001. 1st Floor.B. Fax: (0512) 3935596. Serampore . HDFC AMC Ltd. Fax: (033) 22439582. Road. Ground Floor. Opp. Fax: (0712) 6630206.400 092 Tel: (022) 28952702/ 28901497. Sector-18..204 301. HDFC AMC Ltd.13. Fax: (0422) 4391714. Tel: (0257) 3982100/ 01. 1st Floor. 159. Civil Lines. Gowardhan Plaza. Kadambari Complex. Water Field Road.. City Mall. 2690 (P). Tel: 033-33541166/67/68/69/70/71. Tel: (0542) 6450711/ 6450712.. Fax: (022)67124177. Hyderabad .* “HDFC House”.. HDFC AMC Ltd. Bandra (West). 2nd Floor.. Tel: (0571) 2740 770 / 771 / 772 . HDFC AMC Ltd. UTTARAKHAND : HDFC AMC Ltd. Rourkela . 1 & 2. HDFC AMC Ltd.201 010. HDFC AMC Ltd...).416 008. Agra .249407.. Muncipal Corporation Bldg. Tel: (0431) 3982830. Howrah .. City Plaza. Nageshwar Wadi Road. 4th Floor. 83 . Tel. Fax: (020) 66073310. Trench Colony. 96. Tel: (0251) 2860 648 / 649 / 645 / 656. Bareilly . GT Road. Fax: (044) 43979740. No: (0551) 6060011/2/3. Opp. Shriram Shyam Towers.1 & G-2. I Floor.. Mumbai .. Tel: (0422) 4391861/62/63.2910. Market. Fax: 020-27477774.244 001. Chandracharya Chowk.758 035. Gupta Complex. HDFC AMC Ltd. HDFC AMC Ltd. Block no 10/8. 2374968. Unit . 1st Floor. Corner Building.T. 1st Floor. 1st Floor. Dehradun .

Hisar . B . S&S Computers. R. Near Chennupati Petrol Pump.210. Nirmal Tower. Secunderabad . ASSAM: Dhawal Complex. Sector . 44 Sri Sathya Complex. (CAMS).516 001. this is an official point of acceptance for acceptance of all on-going transactions from Institutional Investors only. P J Extension. Office No. Fort. Door No. Tirupati Tower. Green Park.518 004. Off C G Road. Halar Cross Lane. M. i. Yudhisthir Marg.575 003. Anand . 9/756. Room No. SP Verma Road.104. Opp. Opp. 1st Floor. IInd Phase. Shalimar Corporate Centre. Bokaro Steel City.361 001.395 001. 10. Puram. Durgabari. Opp. A-5. Chittoor Road. 1st Floor. Ankleshwar . HB Road No. Bandi Subbaramaiah Complex. Church Road. Bellary . 1st Floor. NEW DELHI : 7-E. Azad Road. Head Post Office. Behind Anupam Sweet House. 145 Lendra Park. Guwahati . Bldg No.396 001.: 17/1/55.208 001. Panchayat Bhawan Main Gate. Bangalore – 560 042. Mehsana . Ranganayakulapet Road. 101. Bhopal . Main Road. 305-306. HIMACHAL PRADESH : 1st Floor. 1st Floor. Ground Floor. Shankheswar Complex. Jodhpur – 342 003.110 001. TAMIL NADU : Old#66 New#86. Deen Dayaal Research Institute Building.831 001. Road. 3/c. 16. Mumbai – 400 023. Nungambakkam. Goa . Kadri Main Road. 3rd Floor. Dhanbad . 202-A.834 001. S. 1st floor. Ranchi . 2nd Floor. Manek Centre. Hazaribagh . Max Hospital. 2nd Floor. D. PUNJAB : Deepak Towers. 6.V. Old Colony. R. A P Towers. Gurgaon . 1st Floor. 5-Park Road.134 003. Municipal Market. Aastha Plus''. 23. Model Town. First Floor. No. B-49. Kailash Complex. GOA: No.492 004. T Nagar.393002. Aries Complex. Indore – 452 001. Road. These Transaction Points will be in addition to the existing points of acceptance at the offices of HDFC Asset Management Company Ltd.812 002.121 001. Shriram Commercial Complex in front of Hotel Blue Diamond. Door No: 3/1718. 101. BPC Road. 1st Floor. Bhubaneswar . Building. Pearls Best Heights I. Ambala City . Behind ICICI Bank. Allahabad Bank. Near Valia Char Rasta. Bhuj – 370 001. Hazratganj. C-Scheme. Goa . Bus Stand. 207. 2nd Floor. Saket Building. Kakinada – 533 001.D. Nanak Nagar. (Investor Service Centres for HDFC Mutual Fund) except HDFC Arbitrage Fund. Sidhi Plaza. Omkar Complex. Raja Reddy Street. Opp. 1st Floor.B / R. GUJARAT : No. No. 111. Karnataka Bank. Caster Town. T. Ltd. 206. First Floor. K C Centre. Opp. Pune – 411 004. Shop No. JHARKHAND: Mazzanine Floor. Jaipur – 302 001. Swami Ram Tirath Nagar. 2nd Floor. Raipur . Jade Arcade. 2nd Floor. Devi Lal Shopping Complex. Jamnagar . Alankar Complex. Rohtak – 124 001. Sarabha Nagar Pulli. JHARKAND : Millennium Tower. 1st Floor. City Centre Sector 4. (Investor Service Centres for HDFC Mutual Fund). These ISCs will be in addition to the existing points of acceptance at the offices of HDFC Asset Management Company Ltd. 1st Floor .522 002. Shivani Park. Zansi Rani Statue. Ground Floor. Kaliawadi. Behind Lal Bungalow. # 60/5. Gita Nivas. Flat No. Near Dena Bank. H. Waghawadi. List of Transaction Points of Computer Age Management Services Pvt. Khicharia Complex. Link Road. Rajkot . Subhadra Complex. New Delhi .490 020. Shri Lok Complex. M. HARYANA : Opposite PEER. Opp. P. Alkapuri. 3rd Floor. Ellis Bridge. Jalan Road. KERALA: 1st Floor.K. Uppini Arcade. Opp. Dhiraj Sons.113. #13.141 002. CHHATTISGARH : Shop No. Panipat – 132 103. Lucknow . Opp. Ground floor. WEST BENGAL : 2nd Floor. TELANGANA: 208. Hotel Ashoke. Kacheripady. 5-38-44. C-81. 61 SID .814 112. I Floor.515 001.. Bandlamitta. Coimbatore – 641 002.108. 1st Floor. 2. 4th Floor..495001.500 003. MADHYA PRADESH: Plot No. Sector – 2. GUJARAT: 111. 17. 9. Cochin .P Road. Vaccine Depot Road. 205.F -56.517 501. 63/2. 12. G. Urmila Towers. Mangalore . GOA : B-301. Chandigarh -160 017. Municipal Bldg. Near ICICI Bank. Nehru Ground. Nellore . Bilaspur . Opp. 2. Jhandewalan Extension. Kundagol Complex. CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (During NFO Period and Post NFO Period) A. Deoghar . 83. Near Ravi Sankar Hotel. Durga Asthan. RAJASTHAN: G-III. Vijayawada – 520 010. 1st Floor.G. Dutt Road.122 001. HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED) – INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND (During NFO Period and Post NFO Period) (contd. Rangagora Road. 44 Park Street.700 016 B. 1st floor. G. Door No: 6-2-12. Centre Court Building. Gajanan Complex. Off R. Connaught Place. Gaya – 823 001. Om Vihar Complex. Opp. 4. Opp.110 034. G. New Ramdaspeth. JAMMU & KASHIMIR : JRDS Heights. P N Marg. Dikensen Road (Next to Manipal Centre). Nagpur – 440 010. Abhishek Hotel. Brahman Toil.Ground Floor. 204 . 103. 2nd Floor. Unit no. Erandawane. 1st Floor. ASSAM : A. Mullangi Compound. Opp. BIHAR : Krishna. Red Square Market. Grace Nursing Home. Above Weekender. Patna . Tinsukia . Opp. Plot no. to Passport Office).390 007. . Kadri. Road (Varde Valaulikar). Navsari . Limda Chowk. DELHI : Flat no.583 101. Near Traffic Lights. Margao.125 001. Srinagar. K. C-23. Char Rasta. Belgaum . T. 2-C / 2-D. Ludhiana . Guntur* . Road. Sector 1. Netaji Subhash Place. 42/ 227-B. Santhapet. Ananthapur . Kurnool . Mehandale Garage Road.Devpath. Behind Ashok Nagar Police Station. ANDHRA PRADESH : 15-570-33.33-1.462 011.600 034. Off# 4. 117. Road. Pakhowal Road.577 002. SCO . Sector 14.751 001. P.396 195. Labbipet. Registrar & Transfer Agents of HDFC Mutual Fund. Opposite IDBI Bank. Bal Bhawan Road. Vapi .I. HDFC Bank. Ahmedabad – 380 006. Gandhinagar Main Road. 1st Floor. 1/5. MAHARASHTRA : Ground Floor. Valsad . Bijapur . 1st Chopasani Road. Alkapuri. V. 1st Floor. Delhi Road. Shop No.524 001. Nagar. 5/1. Near Old Bus Stand Bagalkot – 587 101. Gandhi Chowk (Ground Floor). 5/6/8. Bhavnagar . 221/2A/1B. Rao & Ratnam Complex. Behind IndusInd Bank. Zone II. Hotel Palm Grove. V.14. M.HDFC Fixed Maturity Plans . Urban Bank Road. Devendra Nagar.512. KARNATAKA : Trade Centre. New Delhi . 1st Floor. Tinali. UTTAR PRADESH: 106 .590 006. Bank More.111. R-7. Lokamanya Street (West). Near Mahadev Cinema.362 001. Rehabari. Shop No: 8.. Opp. 124 . Kharvel Nagar. Bokaro . KARNATAKA : Shop No. Sterling Point. Mansukhlal Tower. 6.16. Davangere . 30. Junagadh . 9.396 445. Pitampura North Delhi. The Mall. 2. Near 2nd Railway gate. Tirupathi . Yamuna Nagar – 135 001. Nr. Varaha Complex Building.388 001. Korba . No. 19-10-8. S. Narayan Plaza. Paradise Circle. No. Institutional Investors are free to lodge their applications at any other official points of acceptance also. Off No. 1st Floor. Kodambakkam High Road. No. 69. Faridabad . Near. Surat . However. Green Field.226 001. These ISCs of CAMS will be the official points of acceptance of transactions for schemes of HDFC Mutual Fund except HDFC Arbitrage Fund. 1st floor.360 001. SCO 154-155. Rajabahadur Compound. Near Cafe Tato. Opp. Park Saroj. Bhagalpur . List of Investor Service Centres (ISCs) of Computer Age Management Services Pvt. Building. Prince Market. Athwalines. Gondal – 360 311. Rajahmundry – 533 101.384 002. Mumbai Samachar Marg. Door No. G 4 & 5.107 - 108.781 008. Near G. Shastri Maidan.403 001. 208. Station Square. 40-1-68. Nagar.Ground Floor. Kanpur . Near Videocon Tower.842 001. DO. A/177. Bistupur. Gurudutta Bldg. Near Vamsikrishna Hospital. Khedut Decor. 1st Floor. Opp. Annanda Chowk. Hotel Prince Station Road. First Floor. 45. Jammu . (Opp. Opp ABN AMRO Bank. U/GF.C. Pallavi Towers. 1st Floor. F-4.403 601. Everest Building. NIT. Unit 3. Opp.Series 37 . Dr. Ongole . Sector 17-C.Ground Floor. Sardarbag Road. Kanyaka Parameswri Street. Immadisetty Towers. N R Peta. S.City Centre.S. Munjal Complex. Panaji. 1st Floor.Road. Barakhamba Road. M. Gola Road. Office 207 . ORISSA : Plot No.826 001.C.e. South Tukoganj. Narian Manzil. Reliance Trade Center. Shop No.523001. Shimla – 171 001..827 004. Opp.800 001. Akkamahadevi Samaj Complex. Jamshedpur .Rajeswari Nilayam. Next to Nathwani Chambers. Bhilai . 2nd Floor. Tilakwadi. BIHAR: G-3. Kadapa . Vadodara .586 101. Brodipet. Shop No . Opp. B/H Sardar Gunj.Near RBI Building. Heena Arcade. AIR Bypass Road. Ground Floor. Shop No 6. Plot No-629. broadly covering all entities other than resident / non resident individuals.495677. No.180 004. North Town Police Station. Muzaffarpur . Visakhapatnam – 530 016. Room No:15. Shreyas Complex. Inland Monarch. 43/8.786 125. Nirmiti Eminence. (Old Gopalswamy Road). Office No.825 301. Upstairs. Near Visakha Library.682 018. 1st Floor. First Floor. Opp. 8-B. Nehru Nagar Square. 178/10. R. New Delhi – 110 055.P. Beside Seventh Day Hospital.364 002. Kolkata . Lane Opp.) *This is not an Investor Service Centre for HDFC Mutual Fund. 'B' Block. Opp.205. Nyapathi Vari Street. Registrar & Transfer Agents of HDFC Mutual Fund. Chennai . Noida – 201 301. Bank of Baroda. Ltd. GIDC. Azad Road. (CAMS). ANDHRA PRADESH : Door No 48-3-2.

Rathyatra. Tilak Chowk. Ground Floor. A&B. North of Iorn Bridge. Compound 1st Cross. Opposite of Talk of the Town. High Road. LIC Building. Butler Plaza Commercial Complex.641 601.B. Talap. Jabalpur Road. Pondicherry – 605 001. * accepts transactions of Liquid Schemes / Plans viz. TAMILNADU: Ground Floor. Solan .691 001. Vijaya Ganapathi Temple Back Side. Dee Pee Plaza. P. Cross Road. Building No. Shimoga . 81.370 201.A.282 002. Good Sheperd Road. 1st Floor. Sreedevi Residency. Near New Era Public School. Scheme No. Udhampur . Karnal . Suvidha Complex. Advisor Chowmuhani (Ground Floor). 2nd Street. New Durga Bazar. Jabalpur . Kumar Nursing Home. Theradi Kadai Street. 1st Floor. Old Bus Stand. Gurudwara Diwan Asthan. Malancha Main Road.HDFC Fixed Maturity Plans .384 170. Hoogly. 8th Cross West Extn. Cantonment Road. Guru Nanak institute. MNR Arcade. Dewas . F 142. Keating Road.Old No-1319F. Old Mahabalipuram Road. Kannur . Mavoor Road. S. Ratnakala Arcade. 14/2562. Ram Bagh. Behind Rajasthan Patrika. New No . 278.201 002. Business Point. Nari Shilp Mandir Marg. Seerampur .. Ramghat Road. RAJASTHAN : AMC No. Erode .713 216. Cuttack . 1st Floor.247 001. No. Akola* – 444 001. C. TRIPURA : Krishnanagar. 117 / A / 3 / 22. Nagar-Aurangabad Road. 15. The Mall. Rajbagh. Maruti Complex. 2 M I Park. Ayodhya Towers.10/11. Ground Floor.760 002. 29/97G. HDFC Liquid Fund. Juna Bazar. Meerut – 250 002. Second floor. C. Thuraipakkam. NH-1A. Mallickpara. ICICI Bank.11.414 001. Chhindwara . Sri Ganganagar .N. 1st Floor. 24/590-14.182 101. CF-8. Sen Road.387 001. Laheriasarai. I Floor. 1 (1). 18 L Block. Kumaran Road. Dist. Dehradun . Chowk Bank Road. Thrissur – 680 001.425 201. WEST BENGAL : Block .799 001. Brahampuri. 8. Christian Mohala. Jacob Complex. Behind Bangalore Bakery. Krishna Nagar. Darbhanga . Fatehpura Circle. Jawaharlal Nehru Street. Shyam Ki Sabji Mandi. 8. Near Boys Town School. Suman Tower. New Fairland. Amar Singh Pura. MAHARASHTRA : Opp. Angod. 3rd Floor. 1st Floor. Datt Towers. Tirunelveli . Station Road. DU 8. 70.K. Near Sahara Office. Bhagwanganj.Savings Plan & Call Plan. North Perumal Maistry Street (Nadar Lane).416 416.532 001. Jalandhar – 144 001. Power House Road.335 001. Liberty Furniture. Highway Road. Kota – 324 007.673 016. 63. Sangli . Palakkad .132 001. No. Phase-II. Flat No 109. CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (During NFO Period and Post NFO Period) (contd. Office No. H. Gulbarga . HDFC Cash Management Fund . (New Complex.B. 8. Belbhadrapur. PUNJAB : SCO . Maruti Tower. Mano Prema Complex. HDFC Liquid Fund. Amodi Complex. Shop No. Hosmane Extn. Besides Overbridge. A Wing. Arya Nagar. Agraharam Street.580 029. Aurangabad .18J. Arayidathupalam. Satara – 415 002. Behind Big Bazar. 1st Floor. Anand Plaza Complex. Registrar & Transfer Agents of HDFC Mutual Fund.221 010. 14/435. City Enclave.392 001. 1st Floor. UTTARANCHAL : 204/121. Ushagram. Canara Bank Building. Laheriasarai Tower Chowk.600 097. Babu Lal Karkhana Compound. Officer's Line. Opp. Katni – 483 501. 126 Siddheshwar Peth. Behind Gulshan-E-Iran Hotel. Ground Floor. 10 / 688. 171-E. Gorakhpur - 273001. Alleppey .768 001. Hathi Gate. Madurai . Opp. Gunj Bazar. R. JAMMU AND KASHMIR: Anil Nirmal & Associates. and 3 p. Hindi School. H 21-22. First Floor.721 301. Upper Ground Floor. Near Mukharji Garden. P C Chatterjee Market Complex. Opp. Karur . 6-7. Hubli . Triangle Part. Kolhapur . (CAMS). MADHYA PRADESH : Shop No. Kollam . F-7. Near Scholar's School. B- 33 'Kalyan Bhawan'. Beach Road. Navipeth. Hapur Road. Shivhare Niketan. CH. Room No. Siddhi Vinanyaka Trade Centre. Sanjay Place. 2nd Floor.639 002. Opp.A. 'C' Block Ranjit Avenue. 2nd Floor. Srinagar . G T Road. Sirsa -125 055. D-58/2-A1. A . Chandrapur .Premium Plan and HDFC Cash Management Fund . Phase II. M-12 Mezzanine Floor. Kunjapura Road.474 011. Dhundhi Katra. Academy Tower.2. 126 GVP Towers. No. Moradabad . P Parliament Square Building. Tarani Colony. Complex. Karimnagar – 505 001. Ist Floor. Near Sanki Rest house. Krishna Enclave Complex. ORISSA : B. Mysore – 570 009. Agartala . Amardeep Talkies Road. List of Limited Transaction Points (LTPs) of Computer Age Management Services Pvt. Kharagpur . Rourkela – 769 001. GOA : Office No. Ward No. No. Chennai . Strachey Road.846 001.211 001. 47. Opp. Ltd. Somani Automoblies. Saharanpur . Kishnappa. MEGHALAYA : 3rd Floor. Bharat Nagar. 367/8. 30/2.608 001.442 402. D. Opp. 1st Floor. Opp. V. Government Quarter. Near ICICI Bank. Above Sharma General Store. Sambalpur . Opposite Corporation Bank. City Bus Stop. Near Zilla Parishad. Opp. Jhansi – 284 001. Mapusa . Opp. Nalanda Chambers. 29/11. HDFC Liquid Fund . P. 2. Kovai Road. Vasco da Gama – 403 802 GUJARAT : F-108. Basement of Axis Bank. No.190 008. Opp. 01. Kumbakonam .O.400 602. Second Floor. Office no 1. Ghaziabad . Shukrawar Peth. Behind Techoclean Clinic. Nanubala Street.173 212. D-78. B R Marbles.Beside SBI BAZAR Branch. 1. 423/30. Plot No.688 001. Vivekanand Street. Nadiad . Varanasi . Gwalior Road. Ward – 12/ B. ANDHRA PRADESH : Door No 4-4-96.713 101. Nasik . 1st Floor. Parasia Road. Shillong – 793 001. PONDICHERRY : S-8. 1404. Cross Junction. Near Hotel Arcadia Regency. Kokkalai. 1st Floor. Bhilwara . 148. Opposite Eves Cinema. KERALA : Doctor's Tower Building. Palanpur . II Floor. 3rd Floor. C. Building No . A. Tirupati Plaza. Super Market. Jiveshwar Krupa Bldg. 3rd Floor. Gurunanak Dharmakanta. Indian Coffee House). MAHARASHTRA : B. Thillainagar.Rajnagar. 182/6.455 001. Ist Floor. Door No. Opposite Sale Tax Office.577 201. Ajmer – 305 001. O.. Near Indian Overseas Bank. Shivaji Putla Road. Near Pushp Tent House. Shop.576 104.S-7. 2. Near Hanuman Temple. Mall. These LTPs of CAMS will be the official points of acceptance of transactions for schemes of HDFC Mutual Fund except transactions of Liquid Schemes / Plans viz. 1+3. House No.65 1st Floor. Udaipur – 313 004. Ratlam - 457 001. Ruturang Bungalow. Hakimi Manson. Court Road. Agra .151 001. Station Road. 2nd Floor. Bhusawal . 1. RPG Complex. 399. Raja Rammohan Roy Sarani. S. Alwar .636 016. Jaipur Road. Near New Airport Road Crossing. Trichy . Beside Kuber Complex. Kalyani Tower. City Centre. Hyderpora Byepass.) Court. Mettupalayam Street. Gulf Air Building. Sargam Apartment. Durgapur . 1st Floor. Vellore 632 001. Room No. 108. Next to Nissan car showroom. Behind Commercial Automobiles.403 507. Surendranagar . Civil Lines. Asansol . BIHAR : Ground Floor. Near Panchsheel. No. Okkiyam. T . Napier Town.m. 2907 GH. Unjha . Kalika Temple Street. Kochupilamoodu Junction. ASSAM: Shyamaprasad Road. 2 B. No.202 001. Near Hotel Natraj.585 101. only. Bareilly – 243 001. MADHYA PRADESH : G-6. Thiruvalla . Sagar – 470 002. Bharuch . 2nd Floor. F-62. Naupada. 3. New Lal Bagh Colony.756 001. Konark Building.422 005. IInd Floor. Central Town.Series 37 62 . Bhawani Market.2512D. Ramnagar. Silchar – 788 001. Seven Square Shopping Plaza. Dhule - SID . Near Puja Lawn. Saheed Park.301 001. In front of Vijaya Bank. Rambandhu Talab. No. Near VLC. HDFC Liquid Fund . Shop No 1& 2. 32. 3rd Floor. Pattom. Kozhikode .244 001. KARNATAKA: Pal Complex. 18.G. P.480 001. Hanamkonda. Opposite T B Hospital. Tiruppur . Patiala – 147 001. Srinagar-190014. Shillongpatty. Ist FloorRam Ganga Vihar Shopping Complex. Rangoli Complex. Wadhwan City. Trivandrum – 695 004. Manipal . Gandhinagar – 382011.1. UTTAR PRADESH: No.. Kasturba Road.620 018. A. Ahinsapuri. Ghantakarana Complex.753 001. Gandhidham . Sector 11.627 001. Thane (W) . Jalgaon – 425 001. 1st Floor.Town High School. Burdwan . 256 . 1st' Floor. Opp. Chidambaram . Ujjain . 123. Block .713 303.689 101.506 001. Srikakulam .482 001. Shivam Plaza. Opposite Income Tax Office. Shop No. No. SBI Credit Branch. Bansal Cinema Market. Mirzapur – 231 001. Opp Bata Showroom. Global Apartment. Himmatnagar . GT Road. Upstairs S. 35. Jalna . Near Old Bus Depot Road. RDC . Civil Lines. Casa Marina Shopping Centre. Salem . 1. First Floor. Behind Makkil Centre. City Plaza Building. Kalyani .Premium Plan. Allahabad .456 010. Amritsar – 143 001. Opp. 6. Berhampur . Near Pangal High School.431 001. 2nd Floor. Mangal Bhawan. Mutt Street.248 001. Jailani Complex.334001. Near Church. 1st Floor. 1st Floor. 3. 5th Cross (Above Trishakthi Medicals) Saraswati Puram. Opp. RLT Science College. 1st Floor. Balasore .413 001. 26 & 27. Off College Road. Near Railway Crossing. Amaravati – 444 601. IInd Floor. HIMACHAL PRADESH: 1st Floor.1/50. No. Godavari Colony. Krishna Complex.Savings Plan & Call Plan and HDFC Arbitrage Fund. Ahmednagar* . Above Bicholim Urban Co-op Bank Ltd.625 001. Hissar Road. Mankammathota. FF-26. 47/5/1. 17B Swamiji Sarani. Gulsham Tower. Gwalior . TELANGANA: H.7-1-257.741 235.712 203.H. Aligarh . Door No. Kailash Vihar City Centre.385 001. Indraparshta Tower. College Road.670 004.311 001.612 001. Sheshaiyer Complex. Opp. HARYANA : 7. Jamnalal Bajaj Road. Shop Nos. Opp.213. Warangal . Gokhale Road..678 001.383 001. Basement floor. 209 .638 001. Besides Vishal Mega Mart.3140. Kottayam .m.363 035. These LTPs will accept transaction / service requests from Monday to Friday between 12 p. Bhatinda . 7th Main.26. Siliguri – 734 001. Vallabh Nagar. First Floor. Near Tower Garden. Club Road. Binny Compound. “B” Wing.686001. 100. Harbhat Road.431 203. Sansarak. 231. Civil Lines Station. 1st Floor.O. Bargawan. Bikaner . Saradaram Complex.416 001. Opposite UCO Bank. Solapur* . Mala Math. Near Commerce College. Old Connaught Place. Adelade Apartment.

Near Arya Kanya School. N..hdfcfund. ING Vysya Bank. Pushpam. Jalpaiguri .635 110. Pensioner Street. Malda . Room No. No. Ground Floor. Shastri Market. First Floor. UTTAR PRADESH : Office No. Jalpaiguri . BSE. Babu Para Beside Meenaar Apartment. Karur Vysya Bank Ltd. Kalluveettil Shyras Center. Barclays Bank PLC. Near Pant Stadium. The Federal Bank. Wardha . State Bank of India. mobile handsets. SM Pally. Chatwani Hall.146 001. 967. Durga City Centre. Ansari Road. State Bank of Travencore.735 101. 4th Floor... Nachane Road. Above C.281 001. State Bank of Hyderabad. 1st Floor. Karnataka Bank Ltd.3A 4th Floor. Balajinagar. Oriental Bank of Commerce. State Bank of Mysore.735 101. The servers including fax/email servers (maintained at various locations) of AMC and CAMS will be the official point of acceptance for all such online / electronic transaction facilities offered by the AMC to eligible investors. Nainital Road. IInd Floor. Muzaffarnagar . Babu Para Beside Meenaar Apartment.1st Floor. 22 Civil Lines. Near Durga Mandir Balipur. Andhra Bank.mfuindia.507 001. HSBC Ltd. 4B / A-16 Mangal Mall Complex.445 001. Jaunpur . Mohd.Series 37 . RAJASTHAN : 3 Ashok Nagar.www. Power House Choupathi. The Lakshmi Vilas Bank Ltd.D. Behind RTO office. Nutan Nagarik Sahakari Bank Ltd. Phagwara . Niyawan. YES Bank Ltd. WEST BENGAL : Ward No. Raman Cycle Industries. Anand Nagar Complex. Nutanganj. Basti . Mumbai . including purchase / redemption / switch and avail of any services as may be provided by HDFC Asset Management Company Limited (AMC) from time to time through the online/electronic modes (including fax / email) via various sources like its official website ...9/2. code of conduct prescribed by SEBI for Intermediaries of Mutual Fund will be considered as Official Points of Acceptance (OPA) of the Mutual Fund. Srinagar. Pidamaneri Road. Jail Road. The above list is subject to change from time to time. POINTS OF SERVICE ("POS") OF MF UTILITIES INDIA PRIVATE LIMITED ('MFUI') AS OFFICIAL POINTS OF ACCEPTANCE (OPA) FOR TRANSACTIONS THROUGH MF UTILITY ("MFU") Both financial and non-financial transactions pertaining to Scheme(s) of HDFC Mutual Fund ('the Fund') can be done through MFU at the authorized POS of MFUI.721 602. 59A/1. TELANGANA: Shop No: 11 . Haldia .626 117.224 001.732 101.Tower. State Bank of Bikaner and Jaipur.. Bankura .247 667. D. Kestopur.Savings Plan & Call Plan. Chittorgarh-312 001.249 404.628 003. OFFICIAL POINT OF ACCEPTANCE FOR TRANSACTIONS IN ELECTRONIC FORM Eligible investors can undertake any transaction. N. Opposite Pandey School. Canara Bank. Complex. IDBI Bank Ltd. 2A. For the updated list of Self Certified Syndicate Banks (SCSBs) and their Designated Branches (DBs) and their details.251 001. Pratapgarh . Corporation Bank. Tuticorin . Roorkee .229 001. J P Morgan Chase Bank N. 47. financial institutions. Philips Complex. LIC Building. Punjab National Bank. Amar Deep Building. 3.722 101. Wyra Road. HDFC Bank Ltd. Kotak Mahindra Bank Ltd. Nagercoil . CITI Bank. Hoshiarpur . Opp. Pathankot – 145001. No.. New Market Complex. Ward No VIII. United Bank of India. Near Heera Vatika. 156A / 1.272 002. Old Distt Hospital. Gurjeet Market.2 . Deutsche Bank. Ratnagiri .230 001. 2nd Floor..T. Near Amber Hotel. ICICI Bank Ltd. Kotwali Police Station. Arya Nagar. Kohinoor Complex.17. Moga . * accepts transactions of Liquid Schemes / Plans viz. Additionally. Vikas Bazar.Premium Plan and HDFC Cash Management Fund . UTTARAKHAND : No 7. Hosur . Sreeparna Apartment AA-101. Dhangu Road. Shimla Pahari Chowk.415 639.700 013. IndusInd Bank. CTS No 411. Krishna Nagar. Ground Floor. State Bank of Patiala. Dindugal . HCF Post. Cinema Road. (Near Railway Station). Axis Bank Ltd. Purba Medinipur District. The Surat Peoples Co-op Bank Ltd. Union Bank of India. Opp. Bank of Baroda. NSE or HDFC Mutual Fund. on behalf of investors. South Indian Bank. Beside Mondal Bakery. distributors etc. AMFI/ NISM certification. Dharmapuri . Mani Road.5. Lakshmi Vilas Building. Civil Lines. Bijlipura.712 601. S. Andheri (E). Near Natya Theatre. Krishna Nagar. Jamia Shopping Complex. Tilakwadi. Gandhi Road. Court Road. Tamilnad Mercantile Bank Ltd. Hotel Krish Residency. 1st Floor Attibele Road. 3/20/14. Dena Bank.11/183204/2009 dated November 13. Shop No. The Saraswat Co-Opearative Bank Ltd. Investor may approach any of the above banks for submitting their ASBA Application forms during this NFO.144 401. Dr. Ganesh Chandra Avenue.Gundivali. Standard Chartered Bank. Sitapur . Road. Bank of America N.. Khammam . PO Arambag. Nanded . Vijaya Bank. Fort Road. Bank of Maharashtra. City Union Bank Ltd.. Opp. LIST OF SELF CERTIFIED SYNDICATE BANKS (SCSBS) TO ACCEPT ASBA APPLICATION FORMS (DURING NFO PERIOD) Name of the Bank (SCSB) Allahabad Bank. Indian Overseas Bank. The eligible AMFI certified stock exchange Brokers/ Clearing Members/ Depository Participants who have complied with the conditions stipulated in SEBI Circular No. PO & District Bankura.400 069. SEBI /IMD / CIR No. 152-C. Shahjahanpur . designated fax number(s) / email-id(s).31/3. Prafulla Kannan (West) Shop No. Mathura .A. Haldwani .442 001. Rajapalayam . Near Indoor Stadium. Haridwar . Durgachak Post Office. to District Registrar Office. F26/27-Kamadhenu Market.A. Opp Lane of Hotel Kalinga. HDFC Liquid Fund .261 001. Shrotri Hospital. Central Bank of India.. Coochbehar . Hoogly. Mathigiri. Basantapur More. Opp. Ward No VIII. TAMIL NADU : 16A/63A. with whom AMC has entered or may enter into specific arrangements or directly by investors through secured internet sites operated by CAMS. Kanya Gurukul Road. 13 . A..629 001. Opp. Near Baburao Petrol Bunk. 104/6. Dhanlaxmi Bank Limited. 2009 for stock brokers viz. Trichy Road. Opposite Dutta Traders. Station Road.228 001. Kolkata -700 101. AMFI CERTIFIED STOCK EXCHANGE BROKERS / CLEARING MEMBERS FOR PURCHASE OF UNITS THROUGH THE STOCK EXCHANGE(S) INFRASTRUCTURE (DURING NFO PERIOD) AND DEPOSITORY PARTICIPANTS# (NFO AND POST NFO PERIOD) AS OFFICIAL POINTS OF ACCEPTANCE # For Processing only Redemption Request of Units Held in Demat Form. PUNJAB : Near Archies Gallery.263 139. Bank Ltd.com will be considered as Official Point of Acceptance (OPA) for transactions in the Scheme.. DBS Bank Ltd. Firozabad – 283203. The Kalupur Commercial Co-operative Bank Ltd. Daxhinapan Abasan. District Kapurthala. Citipoint. Model Town. Railway Feeder Road. 1st Floor. Raj Mohd. “Commerce House” Kolkata . Indian Bank.636 701. 159 / 160. etc.HDFC Fixed Maturity Plans ...242 001.142 001. 1st floor. HDFC Liquid Fund.. The details of POS published on MFU website at www. The Ahmedabad Mercantile Co-Op. this will also cover transactions submitted in electronic mode by specified banks. Arambagh . 1st Floor. 53. Janata Sahakari Bank Ltd. 63 SID .com..222 001.736 101. Teli Gali. 248.) 424 001. UCO Bank. Gomath Towers. Bank of India. Syndicate Bank. Mani Nagar. Block . Rae Bareli . please refer to the website of SEBI. Union Bank of India. Faizabad . Sadar Bazar... Opp.624 001. BNP Paribas. 1M. Sultanpur .637 001. Kotwali Police Station.431 605. CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (During NFO Period and Post NFO Period) (contd.303. Yavatmal .C (Ground Floor). Namakkal .

Backbay Reclamation.hdfcfund.com website : www.HDFC Fixed Maturity Plans .: 022-66316333 l Toll Free no. H. Mumbai .com SID . 165-166. Parekh Marg.400 020 Tel. HDFC ASSET MANAGEMENT COMPANY LIMITED A Joint Venture with Standard Life Investments Registered Office : HDFC House.T. Churchgate. 2nd Floor. 1800 3010 6767/ 1800 419 7676 l Fax : 022-22821144 e-mail for Investors: cliser@hdfcfund.com e-mail for Distributors: broser@hdfcfund.Series 37 64 .