HDFC MF Factsheet January 2017 PDF

January 2017
CONTENTS
page no.
MARKET REVIEW................................................................................................................................................................................................... 3
HDFC Growth Fund............................................................................................................................................................................................ 4
HDFC Equity Fund............................................................................................................................................................................................... 5
HDFC Top 200 Fund............................................................................................................................................................................................. 6
HDFC Capital Builder Fund............................................................................................................................................................................... 7
HDFC Core & Satellite Fund.............................................................................................................................................................................. 8
HDFC Premier Multi-Cap Fund.......................................................................................................................................................................... 9
HDFC Large Cap Fund......................................................................................................................................................................................... 10
HDFC Mid-Cap Opportunities Fund.................................................................................................................................................................. 11
HDFC Small Cap Fund........................................................................................................................................................................................ 12
HDFC Long Term Advantage Fund................................................................................................................................................................... 13
HDFC TaxSaver.................................................................................................................................................................................................... 14
HDFC Infrastructure Fund............................................................................................................................................................................... 15
HDFC Arbitrage Fund........................................................................................................................................................................................ 16
HDFC Index Fund - Sensex Plan........................................................................................................................................................................ 17
HDFC Index Fund - NIFTY Plan........................................................................................................................................................................... 18
HDFC Index Fund - Sensex Plus Plan............................................................................................................................................................... 19
HDFC Balanced Fund......................................................................................................................................................................................... 20
HDFC Prudence Fund......................................................................................................................................................................................... 21
HDFC Children’s Gift Fund - Investment Plan............................................................................................................................................... 22
HDFC Children’s Gift Fund - Savings Plan...................................................................................................................................................... 23
HDFC RETIREMENT SAVINGS FUND - Equity plan................................................................................................................................................ 24
HDFC RETIREMENT SAVINGS FUND - hYBRID Equity plan................................................................................................................................... 25
HDFC RETIREMENT SAVINGS FUND - hYBRID debt plan...................................................................................................................................... 26
HDFC MF Monthly Income Plan - Short Term Plan....................................................................................................................................... 27
HDFC MF Monthly Income Plan - Long Term Plan........................................................................................................................................ 28
HDFC EQUITY SAVINGS Fund................................................................................................................................................................................ 29
HDFC Multiple Yield Fund - Plan 2005............................................................................................................................................................. 30
HDFC Income Fund............................................................................................................................................................................................. 31
HDFC High Interest Fund - Dynamic Plan....................................................................................................................................................... 32
HDFC High Interest Fund - Short Term Plan.................................................................................................................................................. 33
HDFC Short Term Plan....................................................................................................................................................................................... 34
HDFC Short Term Opportunities Fund............................................................................................................................................................ 35
HDFC Medium Term Opportunities Fund......................................................................................................................................................... 36
HDFC Gilt Fund - SHORT Term Plan................................................................................................................................................................... 37
HDFC Gilt Fund - Long Term Plan..................................................................................................................................................................... 38
HDFC Floating Rate Income Fund - Short Term Plan................................................................................................................................... 39
HDFC Floating Rate Income Fund - Long Term Plan..................................................................................................................................... 40
HDFC Liquid Fund............................................................................................................................................................................................... 41
HDFC Cash Management Fund - Savings Plan............................................................................................................................................... 42
HDFC Cash Management Fund - Treasury Advantage Plan........................................................................................................................ 43
HDFC Corporate Debt Opportunities Fund..................................................................................................................................................... 44
HDFC BANKING AND PSU DEBT Fund................................................................................................................................................................... 45
Performance details of schemes managed by respective fund managerS............................................................................................ 46
Scheme Performance Summary - Regular Plans......................................................................................................................................... 47-67
Scheme Performance Summary - Direct Plans............................................................................................................................................. 68-95
GLOSSARY.............................................................................................................................................................................................................. 96
HOW TO READ FACTSHEET.................................................................................................................................................................................... 96
Dividend History................................................................................................................................................................................................ 97-99
Disclaimer.......................................................................................................................................................................................................... 99
2 January 2017 Intouch mutually

Market Review
Equity Market update Debt Market update
I n run up to budget, Indian equity markets were up ~4% in January 2017 T he yield on the 10-year benchmark (6.97% GoI 2026) ended the month of
buoyed by better than expected corporate results. January at 6.41% down by 11 bps over the previous month end. The yield on
10-year AAA Corporate Bond ended the month at 7.30% as against 7.46% at
Performance of global equity markets was mixed with emerging markets
the end of December 2016. Thus, corporate bond spreads during the month
including India outperforming the developed markets. The table below gives
narrowed to 79 bps as against 83 bps in the previous month.
the details of performance of key domestic and global indices.
Liquidity conditions continued to remain positive during the month of
% Change in Indices CY CY2017 % Change in Indices CY CY2017 January 2017. As against ~Rs.1,59,487 crs of average liquidity absorbed by
2016 YTD 2016 YTD
RBI during the month of December 2016 (along with CMBs ouststanding of
S&P BSE India Bankex 7.3 7.5 Dow Jones Industrial to the tune of 5.21 lac crores) through various sources (Liquidity Adjustment
S&P BSE India Average 13.4 0.5 Facility, export refinance, marginal standing facility and term repos/reverse
Capital Goods (3.3) 8.2 NASDAQ 7.5 4.3 repos), ~Rs.2,01,481 crs of liquidity was absorbed by RBI during the month
S&P BSE India FMCG 3.3 5.4 FTSE 14.4 (0.6) of January 2017 (along with CMBs ouststanding of to the tune of 3.50 lac
S&P BSE India Healthcare (12.9) 0.5 DAX 6.9 0.5 crores). The overnight rate remained the same at 6.25% as compared with the
previous month.
S&P BSE India Metal 36.7 15.5 CAC 4.9 (2.3)
S&P BSE India Oil & Gas 27.2 5.6 Nikkei 0.4 (0.4) INR closed at 67.87 versus the USD in January as against 67.92 in
S&P BSE India IT (8.0) (5.8) Hang Seng 0.4 6.2 December. The net FII investment in equities & debt was an outflow of ~US$
0.5 billion in January 2017. FII’s sold close to US$ 15.9 billion in Indian debt
S&P BSE Sensex 1.9 3.9 KOSPI 3.3 2.0
and equity markets in Q4 of 2016.
NIFTY 50 3.0 4.6 Shanghai (12.3) 1.8
NIFTY Free Float MSCI Emerging The annual rate of retail inflation, CPI came in at 3.4% YoY in December
Midcap 100 7.1 7.4 Market Index 8.6 5.4 2016, down from 3.6% in November. The fall was largely on account of food
inflation, which decelerated to 1.4% from 2.1% in November. Core CPI came
During the month, Brent crude was down ~3% after being up 23% in 2016. in at 4.8% YoY for December 2016. Core inflation has been steadily falling
Other commodities barring steel (down 2%) moved up sharply in January. Lead since March 2014 and has been around 4.5-5% over the last one year now.
was the best performer, up 18%.
FII’s sold Indian equities worth $0.2bn during January after selling close Outlook
to $4.5bn in 3QFY17. Inflows in domestic Equity mutual funds continue to be
healthy. Inflows in FY17 till December have been ~Rs 45,800 crores including In the Union Budget 2017-18, government has shown commitment to fiscal
~Rs 9,200 crores in December and close to ~Rs 26,000 crores in 3QFY17. prudence by proposing a lower fiscal deficit of 3.2% for FY18 compared to 3.5%
for FY17. It has delayed the Fiscal Responsibility and Budget Management
The Union budget 2017-18 presented on February 1st was remarkably (‘FRBM’) fiscal target by a year. i.e. achieve 3% target by FY19 instead of
simple, consistent and without any surprises. In line with the earlier budgets, FY18. Considering the domestic and global backdrop, it is a positive step. The
it was consistent with the government’s strategic direction, the key elements fiscal room has been used to increase the capital expenditure from 13.9% of
of which are: total expenditure in FY17 Revised Estimate (‘RE’) to 14.4% in FY18 Budget
• Accelerate growth, job creation and investments. Estimate (‘BE’). Fiscal prudence and improvement in quality of expenditure
should open up scope for further monetary easing by RBI.
• Fiscal discipline, low inflation and interest rates
The net market borrowing has increased modestly from Rs 406,708 crores
• Focus on agriculture / rural incomes / housing for all by 2022. to Rs 423,226 crores and hence markets shall now focus on global yields and oil
prices. Even though there is downward bias to interest rates, room for further
• Reduction of informal economy, simplification of taxation and widening of
fall is limited given the sharp fall from 8.8% to 6.5% in last 3 years and hence
tax base
investors may consider to incrementally invest in short/medium term funds
Indirect tax rates were broadly left untouched as GST is due from July and credit strategies.
2017. The budget also does away with the distinction between plan and non-
plan expenditure and only retains the revenue – capital split. This budget has
also subsumed the railways budget within itself.
Amongst the results declared FMCG and IT earnings have been below
expectations, whereas companies in banking related sectors generally delivered
results upto or better than expectations.
Equity market have lagged nominal GDP growth for several years now.
With a sharp fall in interest rates, improving growth outlook and signs of
improving corporate profitability the outlook for equity market is positive. Any
volatility in Indian equities induced by global events at a time when the Indian
economy is improving on nearly all parameters will be a good opportunity for
the discerning investor.
In our opinion therefore, there is merit in increasing allocation to equities
(for those with a medium to long term view) and to stay invested.
Source for various data points: RBI Website, Bloomberg, Reuters, Union Budget 2017-18 and HDFC AMC Research.
Intouch mutually January 2017 3

HDFC Growth Fund (An open-ended growth scheme)
investment objective Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
To generate long term capital appreciation from a portfolio (% of Net Assets)
that is invested predominantly in equity and equity related Company Industry+ % to
instruments. NAV Banks 25.60
Software 8.72
EQUITY & EQUITY RELATED Auto 8.18
Fund Manager ¥
HDFC Bank Ltd. Banks 9.39 Petroleum Products 7.37
Srinivas Rao Ravuri (since April 3, 06) Pharmaceuticals 5.58
Total Experience: Over 19 years State Bank of India Banks 6.99
Power 5.29
Infosys Ltd. Software 6.35 Construction Project 4.97
Inception Date (Date of Allotment) ICICI Bank Ltd. Banks 6.10 Construction 4.78
September 11, 2000 Reliance Industries Ltd. Petroleum Products 5.25 Consumer Non Durables 4.07
Non - Ferrous Metals 2.82
Larsen & Toubro Ltd. Construction Project 4.97
Telecom - Services 2.58
NAV NAV per Unit (`) ITC Ltd. Consumer Non Transportation 2.34
Regular Plan - Growth Option 147.281 Durables 4.07 Ferrous Metals 2.00
Regular Plan - Dividend Option 30.183 Chemicals 1.91
Tata Motors Ltd. DVR Auto 2.97
Direct Plan - Growth Option 150.434 Minerals/Mining 1.71
Direct Plan - Dividend Option 30.934 Maruti Suzuki India Ltd. Auto 2.90
Finance 1.35
Vedanta Ltd. Non - Ferrous Miscellaneous 1.33
aSSETS UNDER MANAGEMENT (`) IN CRORE Metals 2.82 Oil 1.20
As on January 31, 2017 1,014.89 Total of Top Ten Holdings 51.81 Cement 1.12
Average for Month of January, 2017 1,002.12 Industrial Capital Goods 1.05
Total Equity & Equity Related 96.48 Gas 0.95
quantitative data Cash, Cash Equivalents and Net Current Assets 3.52 Consumer Durables 0.84
Grand Total 100.00 Telecom - Equipment & Accessories 0.72
Portfolio Turnover Ratio (Last 1 year) 28.52%
For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30
Risk Ratio
n Standard Deviation 4.768%
n Beta 1.096
n Sharpe Ratio* 0.213
SIP Performance
Computed for the 3-yr period ended January 31, 2017.
Based on month-end NAV. Since Inception 15 year 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP SIP SIP SIP SIP SIP
Total Amount Invested (` ‘000) 1,960.00 1,800.00 1,200.00 600.00 360.00 120.00
Total Expense Ratio Mkt Value as on December 30, 2016 (` ‘000) 10,598.02 7,768.31 2,139.73 797.89 406.60 125.62
(Weighted Average for the month) € Returns (Annualised) (%) 18.42 17.64 11.14 11.35 8.07 8.82
Regular 2.30% Benchmark Returns (Annualised) (%) # 12.71 12.41 7.46 6.99 1.73 1.18
Direct 1.65% Addl. Benchmark Ret. (Annualised) (%) ## 12.55 12.31 7.92 7.69 2.79 1.61
€ Excluding Service Tax on Management Fees. Past performance may or may not be sustained in the future. # S&P BSE Sensex ## NIFTY 50 Index. Assuming ` 10,000 invested
systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash
BENCHMARK INDEX flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
S&P BSE SENSEX on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
Entry Load
Cumulative Performance
Not Applicable.
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Exit Load
(`) (%)^ (%)# Returns (`)# Benchmark
l In respect of each purchase / switch-in of Units, an Exit (%) ##
Load of 1.00% is payable if Units are redeemed / switched- (`)##
out within 1 year from the date of allotment. Dec 31, 15 Last 1 Year 131.712 6.59 1.95 3.01 10,659 10,195 10,301
l No Exit Load is payable if Units are redeemed / switched-
Dec 31, 14 Last 2 Years 132.195 3.05 -1.60 -0.59 10,620 9,683 9,883
out after 1 year from the date of allotment. Dec 31, 13 Last 3 Years 92.540 14.90 7.94 9.10 15,171 12,577 12,985
For further details, please refer to para ‘Exit Load’ on Pg 46. Sep 11, 00 Since Inception 10.000 17.58 11.22 11.16 140,393 56,693 56,208
Discrete 12 month Returns (%)
PlanS Period Scheme Benchmark Additional Benchmark
Regular Plan, Direct Plan ^ # ##
Dec 31, 15 To Dec 30, 16 6.59 1.95 3.01
Options Dec 31, 14 To Dec 31, 15 -0.37 -5.03 -4.06
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 13 To Dec 31, 14 42.85 29.89 31.39
offers Dividend Payout and Reinvestment facility. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE Sensex ## NIFTY 50 Index. @ shows the
Minimum Application Amount (Under each Plan / Option) current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Srinivas
Rao Ravuri, please refer page 46.
Purchase : ` 5,000 and any amount thereafter.
Additional Purchase : ` 1,000 and any amount thereafter.
This product is suitable for investors who are seeking ~ Riskometer
Redemption Proceeds l Capital appreciation over long term.
Normally despatched within 3-4 Business Days. l Investment predominantly in equity and equity related instruments.
For Tax Benefits / Consequences, Please refer to page 46
¥ Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 12 years).
Investors understand that their principal will be at

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

HDFC Top 200 Fund (An open-ended growth scheme)
of equity and equity linked instruments. The investment Company Industry+ % to
portfolio for equity and equity linked instruments will be NAV Banks 29.88
primarily drawn from the companies in the BSE 200 Index. Software 11.19
Further, the Scheme may also invest in listed companies that EQUITY & EQUITY RELATED
would qualify to be in the top 200 by market capitalisation Auto 7.48
on the BSE even though they may not be listed on the BSE. State Bank of India Banks 6.63 Power 6.10
This includes participation in large IPOs where in the market HDFC Bank Ltd. Banks 6.60 Finance 6.05
capitalisation of the company based on issue price would
make the company a part of the top 200 companies listed ICICI Bank Ltd. Banks 6.29 Construction Project 5.73
on the BSE based on market capitalisation. Petroleum Products 5.65
Ferrous Metals 4.64
l Fund Manager § ¥ Infosys Ltd. Software 4.75 Pharmaceuticals 3.91
Prashant Jain (since June 19, 03) Reliance Industries Ltd. Petroleum Products 3.86 Industrial Capital Goods 3.18
Total Experience: Over 25 years
Tata Steel Ltd. Ferrous Metals 3.41 Consumer Non Durables 2.93
l Inception Date (Date of Allotment) Maruti Suzuki India Ltd. Auto 3.01 Cement 2.89
October 11, 1996 ITC Ltd. Consumer Non Oil 2.75
Durables 2.93 Telecom - Services 2.04
NAV NAV per Unit (`) Tata Motors Ltd. Auto 2.83 Pesticides 1.30
Regular Plan - Growth Option 372.676 Transportation 1.29
Regular Plan - Dividend Option 50.706 Total of Top Ten Holdings 46.04
Gas 1.16
Direct Plan - Growth Option 382.376 Total Equity & Equity Related Holdings 99.91
Direct Plan - Dividend Option 52.234 Media And Entertainment 1.00
Cash, Cash Equivalents and Net Current Assets 0.09 Chemicals 0.55
aSSETS UNDER MANAGEMENT (`) IN CRORE Grand Total 100.00 Non - Ferrous Metals 0.19
As on January 31, 2017 13,122.82 For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20 25 30
Average for Month of January, 2017 12,884.42
l quantitative data
SIP Performance
Risk Ratio Since Inception 15 year 10 year 5 year 3 year 1 year
n Standard Deviation 5.245% SIP SIP SIP SIP SIP SIP
n Beta 1.172 Total Amount Invested (` ‘000) 2,430.00 1,800.00 1,200.00 600.00 360.00 120.00
n Sharpe Ratio* 0.198 Mkt Value as on December 30, 2016 (` ‘000) $$ 27,223.45 9,094.65 2,262.30 808.64 400.72 126.77
Computed for the 3-yr period ended January 31, 2017. Returns (Annualised) (%) $$ 20.37 19.43 12.18 11.89 7.09 10.65
Based on month-end NAV. Benchmark Returns (Annualised) (%) # 13.26 13.22 8.80 9.52 4.83 2.78
l Total Expense Ratio Past performance may or may not be sustained in the future. # S&P BSE 200 ## S&P BSE SENSEX. Assuming ` 10,000
(Weighted Average for the month) € invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
Regular 2.02% for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
Direct 1.32% consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not
be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising
€ Excluding Service Tax on Management Fees. or forecasting any returns.
l BENCHMARK INDEX Cumulative Performance

S&P BSE 200 Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Entry Load (`) (%)^$$ (%)# Returns $$ (`)# Benchmark
Not Applicable. (%) ## (`)##
Dec 31, 15 Last 1 Year 323.900 8.52 3.95 1.95 10,852 10,395 10,195
l Exit Load Dec 31, 14 Last 2 Years 344.904 0.95 1.20 -1.60 10,191 10,242 9,683
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 13 Last 3 Years 235.401 14.30 11.53 7.94 14,932 13,874 12,577
Load of 1.00% is payable if Units are redeemed / switched-
out within 1 year from the date of allotment. Oct 11, 96 Since Inception 10.000 20.41 12.68 11.11 428,585 111,977 84,247
l No Exit Load is payable if Units are redeemed / switched- Discrete 12 month Returns (%)
out after 1 year from the date of allotment. Period Scheme Benchmark Additional Benchmark
For further details, please refer to para ‘Exit Load’ on Pg 46. ^ $$ # ##
Dec 31, 15 To Dec 30, 16 8.52 3.95 1.95
l PlanS
Dec 31, 14 To Dec 31, 15 -6.09 -1.48 -5.03
Dec 31, 13 To Dec 31, 14 46.52 35.47 29.89
l Options ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth
Option. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE SENSEX.
Under Each Plan : Growth & Dividend. The Dividend Option $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of
offers Dividend Payout and Reinvestment facility. the Scheme at the then prevailing NAV (ex-dividend NAV). @ shows the current value of ` 10,000/- invested at the beginning of a given
period. For performance of other schemes managed by Prashant Jain, please refer page 46.
l Minimum Application Amount (Under each Plan / Option) This product is suitable for investors who are seeking ~ Riskometer
Purchase : ` 5,000 and any amount thereafter. l Capital appreciation over long term.
l Investment in equity and equity linked instruments including
l Redemption Proceeds equity derivatives primarily drawn from the companies in the
S&P BSE 200 Index.
Date of migration from Zurich India Mutual Fund (Close of
business hours - June 19, 03
Dedicated Fund Manager for Overseas Investments: moderately high risk
HDFC Capital Builder Fund (An open-ended growth scheme)
This is a simple and performing scheme which is eligible for Portfolio - Top 10 Holdings Industry Allocation of Equity Holding
distribution by new cadre of distributors. (% of Net Assets)
l investment objective NAV Banks 27.57
Pharmaceuticals 8.13
To achieve capital appreciation in the long term. EQUITY & EQUITY RELATED Software 8.08
¥ HDFC Bank Ltd. Banks 8.01 Construction Project 6.12
l Fund Manager Petroleum Products 5.74
Chirag Setalvad (since April 2, 07) ICICI Bank Ltd. Banks 4.72 Construction 4.28
Total Experience: Over 19 years & Tata Motors Ltd. Auto 4.21 Auto 4.21
Miten Lathia (since May 10, 12) State Bank of India Banks 4.00 Consumer Durables 4.14
Total Experience: Over 16 years Cement 3.35
Reliance Industries Ltd. Petroleum Products 3.74
Media And Entertainment 3.25
Infosys Ltd. Software 3.39 Transportation 2.67
l Inception Date (Date of Allotment)
Grasim Industries Ltd. Cement 3.35 Consumer Non Durables 2.30
February 1, 1994
Yes Bank Ltd. Banks 3.06 Telecom - Services 2.08
Power 1.92
NAV NAV per Unit (`) Cipla Ltd. Pharmaceuticals 2.95
Chemicals 1.78
Regular Plan - Growth Option 223.409 Indusind Bank Ltd. Banks 2.88 Hotels, Resorts & Other Recreational Activities 1.73
Regular Plan - Dividend Option 27.219 Total of Top Ten Holdings 40.31 Gas 1.71
Direct Plan - Growth Option 229.812 Auto Ancillaries 1.70
Direct Plan - Dividend Option 28.168 Total Equity & Equity Related Holdings 96.22
Telecom - Equipment & Accessories 1.30
Cash margin/ Earmarked cash for Futures & Options 0.06 Non - Ferrous Metals 1.28
aSSETS UNDER MANAGEMENT (`) IN CRORE Cash, Cash Equivalents and Net Current Assets 3.72 Retailing 1.15
As on January 31, 2017 1,367.66 Industrial Products 0.88
Average for Month of January, 2017 1,350.64 Grand Total 100.00 Industrial Capital Goods 0.85
l quantitative data
Risk Ratio
SIP Performance
n Beta 1.060 Since Inception 15 year 10 year 5 year 3 year 1 year
n Sharpe Ratio* 0.254 SIP SIP SIP SIP SIP SIP
Computed for the 3-yr period ended January 31, 2017. Total Amount Invested (` ‘000) 2,750.00 1,800.00 1,200.00 600.00 360.00 120.00
Based on month-end NAV. Mkt Value as on December 30, 2016 (` ‘000) 31,525.52 9,022.40 2,510.07 880.24 415.10 124.03
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) Returns (Annualised) (%) 17.96 19.34 14.13 15.33 9.48 6.30
Benchmark Returns (Annualised) (%) # 12.33 13.27 8.98 10.12 5.36 3.01
l Total Expense Ratio
(Weighted Average for the month) € Addl. Benchmark Ret. (Annualised) (%) ## 11.31 12.31 7.92 7.69 2.79 1.61
Regular 2.47% Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000 invested
Direct 1.32% systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash
flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
€ Excluding Service Tax on Management Fees. computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise
on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
l BENCHMARK INDEX
NIFTY 500 Index Cumulative Performance
l Entry Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Not Applicable. (`) (%)^ (%)# Returns (`)# Benchmark
(%) ## (`)##
l Exit Load Dec 31, 15 Last 1 Year 204.882 3.83 3.84 3.01 10,383 10,384 10,301
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 14 Last 2 Years 195.844 4.22 1.53 -0.59 10,862 10,309 9,883
Load of 1.00% is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 128.883 18.18 12.42 9.10 16,505 14,208 12,985
out within 1 year from the date of allotment.
Feb 01, 94 Since Inception 10.000 14.27 8.56 8.62 212,724 65,701 66,555
out after 1 year from the date of allotment. Discrete 12 month Returns (%)
For further details, please refer to para ‘Exit Load’ on Pg 46. Period Scheme Benchmark Additional Benchmark
^ # ##
l PlanS Dec 31, 15 To Dec 30, 16 3.83 3.84 3.01
Regular Plan, Direct Plan Dec 31, 14 To Dec 31, 15 4.61 -0.72 -4.06
Dec 31, 13 To Dec 31, 14 51.95 37.82 31.39
l Options ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Under Each Plan : Growth & Dividend. The Dividend Option greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. @ shows the current
offers Dividend Payout and Reinvestment facility. value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Chirag Setalvad &
Miten Lathia, please refer page 46.
l Redemption Proceeds instruments of strong companies.
Mr Rakesh Vyas (Total Experience: Over 12 years). Investors understand that their principal will be at
HDFC Core & Satellite Fund (An open-ended growth scheme)
To generate capital appreciation through equity investment (% of Net Assets)
in companies whose shares are quoting at prices below Company Industry+ % to
their true value. NAV Industrial Capital Goods 17.05
EQUITY & EQUITY RELATED Power 11.28
l Fund Manager ¥
Bharat Petroleum Auto 11.04
Vinay Kulkarni (since November 21, 06) Corporation Ltd. Petroleum Products 6.97
Total Experience: Over 26 years Construction Project 10.05
Tata Motors Ltd. DVR Auto 6.42 Banks 9.85
l Inception Date (Date of Allotment) Grasim Industries Ltd. Cement 6.35 Petroleum Products 6.97
September 17, 2004 Cipla Ltd. Pharmaceuticals 6.13
Cement 6.35
Bharat Electronics Ltd. Industrial Capital
NAV NAV per Unit (`) Goods 5.86 Pharmaceuticals 6.13
Regular Plan - Growth Option 66.834 ICICI Bank Ltd. Banks 5.31 Software 3.77
Regular Plan - Dividend Option 19.863 NHPC Ltd. Power 5.04
Direct Plan - Growth Option 68.933 Commercial Services 3.45
Maruti Suzuki India Ltd. Auto 4.62
Direct Plan - Dividend Option 20.822 State Bank of India Banks 4.54 Auto Ancillaries 3.38
Total of Top Ten Holdings 57.84 Healthcare Services 2.49
aSSETS UNDER MANAGEMENT (`) IN CRORE Total Equity & Equity Related Holdings 98.08
Transportation 2.15
As on January 31, 2017 574.08 Credit Exposure
Average for Month of January, 2017 566.00 Au Financiers (India) Ltd. FITCH - A+ 0.71 Finance 1.72
Total Credit Exposure 0.71 Construction 1.34
l quantitative data Cash, Cash Equivalents and Net Current Assets 1.21
Media And Entertainment 1.06
Portfolio Turnover Ratio (Last 1 year) 16.77% Grand Total 100.00
0 2 4 6 8 10 12 14 16 18
Risk Ratio For complete portfolio, please visit www.hdfcfund.com
n Beta 1.281
SIP Performance
Based on month-end NAV. Since Inception 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP SIP SIP SIP SIP
Total Amount Invested (` ‘000) 1,480.00 1,200.00 600.00 360.00 120.00
l Total Expense Ratio Mkt Value as on December 30, 2016 (` ‘000) 3,300.57 2,175.81 839.21 412.86 126.13
(Weighted Average for the month) €
Returns (Annualised) (%) 12.27 11.45 13.39 9.11 9.62
Regular 2.42% Benchmark Returns (Annualised) (%) # 9.98 8.80 9.52 4.83 2.78
Direct 1.11% Addl. Benchmark Ret. (Annualised) (%) ## 9.15 7.46 6.99 1.73 1.18
€ Excluding Service Tax on Management Fees. Past performance may or may not be sustained in the future. # S&P BSE 200 ## S&P BSE Sensex. Assuming ` 10,000 invested
l BENCHMARK INDEX flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
S&P BSE 200 on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
l Entry Load
Not Applicable.
l Exit Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l In respect of each purchase / switch-in of Units, an Exit (%) ##
Load of 1.00% is payable if Units are redeemed / switched- (`)##
out within 1 year from the date of allotment. Dec 31, 15 Last 1 Year 61.821 2.10 3.95 1.95 10,210 10,395 10,195
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 14 Last 2 Years 58.881 3.54 1.20 -1.60 10,720 10,242 9,683
out after 1 year from the date of allotment. Dec 31, 13 Last 3 Years 38.879 17.53 11.53 7.94 16,235 13,874 12,577
For further details, please refer to para ‘Exit Load’ on Pg 46. Sep 17, 04 Since Inception 10.000 16.17 13.69 13.59 63,122 48,444 47,879
l PlanS Period Scheme Benchmark Additional Benchmark
Dec 31, 15 To Dec 30, 16 2.10 3.95 1.95
l Options Dec 31, 14 To Dec 31, 15 4.99 -1.48 -5.03
offers Dividend Payout and Reinvestment facility.
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE Sensex. @ shows the current
l Minimum Application Amount (Under each Plan / Option) value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Vinay Kulkarni,
Purchase : ` 5,000 and any amount thereafter. please refer page 46.
l Redemption Proceeds l Capital appreciation over long term.
Normally despatched within 3-4 Business Days. l Investment primarily in equity and equity related instruments of
For Tax Benefits / Consequences, Please refer to page 46 companies whose shares are quoting at prices below their true
¥ Dedicated Fund Manager for Overseas Investments: value.

HDFC Premier Multi-cap Fund (An open-ended growth scheme)
To generate capital appreciation in the long term through (% of Net Assets)
equity investments by investing in a diversified portfolio of Company Industry+ % to
Mid Cap and Large Cap ‘blue chip’ companies. NAV Banks 29.73
EQUITY & EQUITY RELATED Construction Project 11.77

l Fund Manager ¥
State Bank of India Banks 8.77 Auto 10.85
Vinay Kulkarni (since November 21, 06)
Total Experience: Over 26 years ICICI Bank Ltd. Banks 6.98
Industrial Capital Goods 10.02
Bank of Baroda Banks 5.02 Software 4.79
April 6, 2005 Infosys Ltd. Software 4.79 Petroleum Products 4.70
Bharat Petroleum Cement 4.36
NAV NAV per Unit (`) Corporation Ltd. Petroleum Products 4.70
Regular Plan - Growth Option 45.859 Hindustan Construction Construction 4.22
Regular Plan - Dividend Option 14.135 Company Ltd. Construction Project 4.41 Consumer Durables 4.19
Direct Plan - Growth Option 46.954 Grasim Industries Ltd. Cement 4.36
Direct Plan - Dividend Option 14.532 Ferrous Metals 4.15
Bharat Electronics Ltd. Industrial Capital
Goods 4.23 Pharmaceuticals 3.16
aSSETS UNDER MANAGEMENT (`) IN CRORE
Punjab National Bank Banks 4.19 Power 2.21
As on January 31, 2017 291.08
Total of Top Ten Holdings 54.25
Average for Month of January, 2017 285.62 Hotels, Resorts & Other Recreational Activities 1.60
Total Equity & Equity Related Holdings 97.98
Oil 1.26
l quantitative data Cash, Cash Equivalents and Net Current Assets 2.02
Portfolio Turnover Ratio (Last 1 year) 6.94% Telecom - Equipment & Accessories 0.97
Grand Total 100.00
Risk Ratio 0 5 10 15 20 25 30
n Standard Deviation 6.005% For complete portfolio, please visit www.hdfcfund.com
n Beta 1.277
Computed for the 3-yr period ended January 31, 2017. SIP Performance
Based on month-end NAV. Since Inception 10 year 5 year 3 year 1 year
SIP SIP SIP SIP SIP
l Total Expense Ratio Total Amount Invested (` ‘000) 1,410.00 1,200.00 600.00 360.00 120.00
(Weighted Average for the month) € Mkt Value as on December 30, 2016 (` ‘000) 2,685.38 2,021.38 789.22 393.18 125.04
Regular 2.54% Returns (Annualised) (%) 10.45 10.06 10.91 5.81 7.89
Direct 1.94% Benchmark Returns (Annualised) (%) # 9.47 8.98 10.12 5.36 3.01
€ Excluding Service Tax on Management Fees. Addl. Benchmark Ret. (Annualised) (%) ## 8.85 7.92 7.69 2.79 1.61
Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000
l BENCHMARK INDEX invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
NIFTY 500 Index consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be
construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or
l Entry Load forecasting any returns.
Not Applicable. Cumulative Performance
l Exit Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l In respect of each purchase / switch-in of Units, an Exit
(%) ## (`)##
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 15 Last 1 Year 42.948 0.17 3.84 3.01 10,017 10,384 10,301
out after 1 year from the date of allotment. Dec 31, 14 Last 2 Years 43.476 -0.53 1.53 -0.59 9,895 10,309 9,883
For further details, please refer to para ‘Exit Load’ on Pg 46. Dec 31, 13 Last 3 Years 28.590 14.59 12.42 9.10 15,047 14,208 12,985
Apr 06, 05 Since Inception 10.000 13.23 12.20 12.42 43,019 38,643 39,558
l PlanS Discrete 12 month Returns (%)
Regular Plan, Direct Plan Period Scheme Benchmark Additional Benchmark
^ # ##
l Options Dec 31, 15 To Dec 30, 16 0.17 3.84 3.01
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 14 To Dec 31, 15 -1.21 -0.72 -4.06
Dec 31, 13 To Dec 31, 14 52.07 37.82 31.39
l Minimum Application Amount (Under each Plan / Option) ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. @ shows the current
Purchase : ` 5,000 and any amount thereafter. value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Vinay Kulkarni,
Additional Purchase : ` 1,000 and any amount thereafter. please refer page 46.
l Redemption Proceeds This product is suitable for investors who are seeking ~ Riskometer
Normally despatched within 3-4 Business Days. l Capital appreciation over long term.
l Investment predominantly in equity and equity related
l Segment-wise break-up instruments of Mid Cap and Large Cap ‘blue chip’ companies.
of equity holding (% of net assets)
Large Cap 29.26%
Mid Cap 68.72%

¥ Dedicated Fund Manager for Overseas Investments: moderately high risk
HDFC Large Cap Fund (An open-ended equity scheme)
To provide long-term capital appreciation by investing (% of Net Assets)
predominantly in large cap companies. Company Industry+ % to
NAV
Banks 35.67
l Fund Manager § ¥ EQUITY & EQUITY RELATED
Vinay Kulkarni (since June 28, 14) HDFC Bank Ltd. Banks 9.04 Petroleum Products 16.41
State Bank of India Banks 8.87 Auto 14.30
l Inception Date (Date of Allotment) Reliance Industries Ltd. Petroleum Products 8.33
February 18, 1994 Larsen & Toubro Ltd. Construction Project 8.00 Construction Project 8.00
Bharat Petroleum
NAV NAV per Unit (`) Corporation Ltd. Petroleum Products 7.48 Software 7.87
Regular Plan - Growth Option 91.580 ITC Ltd. Consumer Non
Durables 6.99
Regular Plan - Dividend Option 21.397 Consumer Non Durables 6.99
Direct Plan - Growth Option 92.312 Tata Motors Ltd. DVR Auto 6.60
Direct Plan - Dividend Option 23.825 Axis Bank Ltd. Banks 6.56
Infosys Ltd. Software 5.04 Cement 3.15
aSSETS UNDER MANAGEMENT (`) IN CRORE Total of Top Ten Holdings 75.83
Power 2.86
As on January 31, 2017 1,172.50 Investment in ADR/GDR/Foreign Securities
Average for Month of January, 2017 1,156.06 Cognizant Technology
Solutions Corp Software 2.83 Oil 1.87
l quantitative data Total Equity & Equity Related Holdings 99.08
Transportation 1.12
Portfolio Turnover Ratio (Last 1 year) 16.11% Cash, Cash Equivalents and Net Current Assets 0.92
Risk Ratio Grand Total 100.00 Gas 0.84
n Beta
For complete portfolio, please visit www.hdfcfund.com
0.975 0 5 10 15 20 25 30 35 40
n Sharpe Ratio* 0.101 Investment in Foreign Securities (` in Crore) 33.12
Since Inception 5 year 3 year 1 year
l Total Expense Ratio SIP SIP SIP SIP
(Weighted Average for the month) € Total Amount Invested (` ‘000) 1,040.00 600.00 360.00 120.00
Regular 2.21% Mkt Value as on December 30, 2016 (` ‘000) $$ 1,497.43 723.63 375.92 123.00
Direct 2.11% Returns (Annualised) (%) $$ 8.21 7.43 2.83 4.67
€ Excluding Service Tax on Management Fees. Benchmark Returns (Annualised) (%) # 8.53 7.69 2.79 1.61
Addl. Benchmark Ret. (Annualised) (%) ## 8.09 6.99 1.73 1.18
l BENCHMARK INDEX Past performance may or may not be sustained in the future. # NIFTY 50 Index ## S&P BSE Sensex. Assuming ` 10,000 invested
NIFTY 50 Index systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash
flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
l Entry Load on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
Not Applicable.
l Exit Load Cumulative Performance

l In respect of each purchase / switch-in of Units, an Exit Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Load of 1.00% is payable if Units are redeemed / switched- per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
out within 1 year from the date of allotment. (`) (%)^$$ (%)# Returns $$ (`)# Benchmark
(%) ## (`)##
out after 1 year from the date of allotment. Dec 31, 15 Last 1 Year 84.214 3.92 3.01 1.95 10,392 10,301 10,195
For further details, please refer to para ‘Exit Load’ on Pg 46. Dec 31, 14 Last 2 Years 88.497 -0.56 -0.59 -1.60 9,889 9,883 9,683
Dec 31, 13 Last 3 Years 69.430 8.02 9.10 7.94 12,604 12,985 12,577
l PlanS Feb 18, 94 Since Inception 10.000 10.53 8.63 8.74 98,715 66,435 68,011
Regular Plan, Direct Plan Discrete 12 month Returns (%)
l Options ^$$ # ##
Dec 31, 14 To Dec 31, 15 -4.84 -4.06 -5.03
l Minimum Application Amount (Under each Plan / Option) Dec 31, 13 To Dec 31, 14 27.46 31.39 29.89
Purchase : ` 5,000 and any amount thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Additional Purchase : ` 1,000 and any amount thereafter. greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index ## S&P BSE Sensex. @ shows the current value
of ` 10,000/- invested at the beginning of a given period. $$ All dividends declared prior to the splitting of the Scheme into Dividend &
Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV. For performance of other schemes
l Redemption Proceeds managed by Vinay Kulkarni, please refer page 46.
Normally despatched within 3-4 Business Days. This product is suitable for investors who are seeking ~ Riskometer
For Tax Benefits / Consequences, Please refer to page 46 l Capital appreciation over long term.
§ Date of migration from Morgan Stanley Mutual Fund (Close l Investment in equity and equity related instruments of Large Cap
of business hours - June 27, 14 companies.

HDFC Mid-Cap Opportunities Fund (An open-ended equity scheme)
To generate long-term capital appreciation from a portfolio (% of Net Assets)
that is substantially constituted of equity and equity related Company Industry+ % to
securities of Small and Mid-Cap companies. NAV Banks 16.16
Industrial Products 10.21
l Fund Manager ¥ EQUITY & EQUITY RELATED Auto Ancillaries 10.08
Chirag Setalvad (since June 25, 07) Hindustan Petroleum Consumer Durables 6.88
Total Experience: Over 19 years Corporation Ltd. Petroleum Products 3.26 Pharmaceuticals 6.80
Tube Investments of India Ltd. Auto Ancillaries 2.95 Finance 6.42
l Inception Date (Date of Allotment) Yes Bank Ltd. Banks 2.32 Software 4.70
June 25, 2007 Voltas Ltd. Construction Project 2.28 Media And Entertainment 4.15
UPL Ltd. Pesticides 2.25 Industrial Capital Goods 3.47
Aurobindo Pharma Ltd. Pharmaceuticals 2.22 Construction Project 3.39
NAV NAV per Unit (`)
Petroleum Products 3.26
Regular Plan - Growth Option 45.131 Indusind Bank Ltd. Banks 2.21
Pesticides 3.10
Regular Plan - Dividend Option 29.771 Sundram Fasteners Ltd. Auto Ancillaries 2.17
Direct Plan - Growth Option 46.570 Transportation 2.08
Adani Ports and Special Consumer Non Durables 1.81
Direct Plan - Dividend Option 34.390 Economic Zone Ltd. Transportation 2.08
Chemicals 1.81
Bajaj Finance Ltd. Finance 1.99 Retailing 1.77
Total of Top Ten Holdings 23.73 Construction 1.60
As on January 31, 2017 13,826.97 Total Equity & Equity Related Holdings 93.95
Average for Month of January, 2017 13,491.14 Gas 1.42
Cash margin/ Earmarked cash for Futures & Options 0.48 Hotels, Resorts & Other Recreational Activities 1.42
Cash, Cash Equivalents and Net Current Assets 5.57 Trading 1.16
l quantitative data
Textiles - Cotton 1.07
Portfolio Turnover Ratio (Last 1 year) 22.72% Grand Total 100.00
Oil 0.78
Risk Ratio For complete portfolio, please visit www.hdfcfund.com Services 0.41
n Standard Deviation 4.778% Outstanding exposure in 0 2 4 6 81012141618
n Beta 0.889 derivative instruments (` in Crore) 63.76
(Weighted Average for the month) € Total Amount Invested (` ‘000) 1,150.00 600.00 360.00 120.00
Regular 2.18% Mkt Value as on December 30, 2016 (` ‘000) 3,260.62 1,064.72 460.26 127.77
Direct 1.28% Returns (Annualised) (%) 20.72 23.15 16.64 12.24
€ Excluding Service Tax on Management Fees. Benchmark Returns (Annualised) (%) # 12.70 15.99 12.28 6.42
l BENCHMARK INDEX Past performance may or may not be sustained in the future. # NIFTY Free Float Midcap 100 Index ## NIFTY 50 Index.
NIFTY Free Float Midcap 100 Index Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth
Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
l Entry Load purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
Not Applicable. not guaranteeing or promising or forecasting any returns.
l Exit Load
l In respect of each purchase / switch-in of Units, an Exit per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
(%) ## (`)##
For further details, please refer to para ‘Exit Load’ on Pg 46. Dec 31, 14 Last 2 Years 36.093 8.54 6.79 -0.59 11,782 11,405 9,883
Dec 31, 13 Last 3 Years 20.434 27.67 21.15 9.10 20,810 17,781 12,985
l PlanS Jun 25, 07 Since Inception 10.000 16.42 9.93 7.10 42,524 24,629 19,218
l Options ^ # ##
Dec 31, 14 To Dec 31, 15 5.81 6.46 -4.06
Purchase : ` 5,000 and any amount thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Additional Purchase : ` 1,000 and any amount thereafter. greater than 1 year period are compounded annualized (CAGR). # NIFTY Free Float Midcap 100 Index ## NIFTY 50 Index. @
shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by
Chirag Setalvad, please refer page 46.
l Segment-wise break-up
of equity holding (% of net assets) l Investmentpredominantly in equity and equity related
Large Cap 0.00% instruments of Small and Mid Cap companies.
Mid Cap 93.95%

Mr Rakesh Vyas (Total Experience: Over 12 years). Investors understand that their principal will be at
HDFC Small Cap Fund (An open-ended equity scheme)
To provide long-term capital appreciation by investing (% of Net Assets)
predominantly in Small-Cap and Mid-Cap companies. Company Industry+ % to
NAV Banks 13.89
l Fund Manager ¥ Industrial Products 11.19
EQUITY & EQUITY RELATED Auto Ancillaries 11.07
Chirag Setalvad (since June 27, 14)
Total Experience: Over 19 years Carborundum Universal Ltd. Industrial Products 3.70 Construction Project 7.02
Yes Bank Ltd. Banks 3.67 Chemicals 6.73
l Inception Date (Date of Allotment) Consumer Durables 5.80
Aarti Industries Ltd. Chemicals 3.59
April 3, 2008 Aurobindo Pharma Ltd. Pharmaceuticals 3.43 Construction 3.88
Tube Investments of India Ltd. Auto Ancillaries 3.40 Software 3.74
City Union Bank Ltd. Banks 3.19 Pharmaceuticals 3.43
Regular Plan - Growth Option 30.245 Finance 3.31
Regular Plan - Dividend Option 21.665 Oriental Carbon & Chemicals Ltd. Chemicals 3.14
Direct Plan - Growth Option 31.443 Media And Entertainment 3.29
Apar Industries Limited Industrial Capital
Direct Plan - Dividend Option 22.731 Goods 2.79 Auto 2.72
Textiles - Synthetic 2.29
Balkrishna Industries Ltd. Auto Ancillaries 2.73
aSSETS UNDER MANAGEMENT (`) IN CRORE Power 2.02
KEC International Ltd. Construction Project 2.43 Trading 1.88
As on January 31, 2017 950.78
Average for Month of January, 2017 939.95 Total of Top Ten Holdings 32.07 Textiles - Cotton 1.86
Total Equity & Equity Related Holdings 94.64 Hotels, Resorts & Other Recreational Activities 1.64
l quantitative data Cash margin/ Earmarked cash for Futures & Options 0.06 Transportation 1.57
Portfolio Turnover Ratio (Last 1 year) 27.12% Pesticides 1.48
Cash, Cash Equivalents and Net Current Assets 5.30
Cement 0.78
Risk Ratio
Grand Total 100.00 Consumer Non Durables 0.18
n Beta For complete portfolio, please visit www.hdfcfund.com 0 2 4 6 8 101214
0.520
Based on month-end NAV.
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP Performance
Total Amount Invested (` ‘000) 1,050.00 600.00 360.00 120.00
Regular 2.29%
Direct 1.18% Mkt Value as on December 30, 2016 (` ‘000) 2,118.16 910.49 431.54 124.82
€ Excluding Service Tax on Management Fees. Returns (Annualised) (%) 15.50 16.71 12.14 7.55
Benchmark Returns (Annualised) (%) # 11.08 13.81 9.22 7.63
l BENCHMARK INDEX Addl. Benchmark Ret. (Annualised) (%) ## 8.49 7.69 2.79 1.61
NIFTY Free Float Smallcap 100 Index Past performance may or may not be sustained in the future. # NIFTY Free Float Smallcap 100 Index ## NIFTY 50 Index.
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
l Entry Load Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
Not Applicable. purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
not guaranteeing or promising or forecasting any returns.
l Exit Load Cumulative Performance
Load of 1.00% is payable if Units are redeemed / switched- Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
out within 1 year from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
out after 1 year from the date of allotment. (%) ## (`)##
For further details, please refer to para ‘Exit Load’ on Pg 46. Dec 31, 15 Last 1 Year 27.303 5.43 2.26 3.01 10,543 10,226 10,301
Dec 31, 14 Last 2 Years 25.655 5.93 4.71 -0.59 11,220 10,963 9,883
l PlanS Dec 31, 13 Last 3 Years 16.936 19.34 19.32 9.10 16,997 16,988 12,985
Regular Plan, Direct Plan Apr 03, 08 Since Inception 10.000 12.85 5.26 6.36 28,786 15,664 17,155
l Options
Under Each Plan : Growth & Dividend. The Dividend Option ^ # ##
Dec 31, 15 To Dec 30, 16 5.43 2.26 3.01
l Minimum Application Amount (Under each Plan / Option) Dec 31, 14 To Dec 31, 15 6.42 7.21 -4.06
Purchase : ` 5,000 and any amount thereafter. Dec 31, 13 To Dec 31, 14 51.48 54.95 31.39
Additional Purchase : ` 1,000 and any amount thereafter. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # NIFTY Free Float Smallcap 100 Index ## NIFTY 50 Index.
l Redemption Proceeds @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
Normally despatched within 3-4 Business Days. by Chirag Setalvad, please refer page 46.
l Segment-wise break-up This product is suitable for investors who are seeking ~ Riskometer
of equity holding (% of net assets) l Capital appreciation over long term.
Mid Cap 8.78%
Small Cap 85.86%
instruments of Small-Cap and Mid-Cap companies.

(An open-ended equity linked saving
HDFC Long Term Advantage Fund scheme with a lock-in period of 3 years)

that is invested predominantly in equity and equity related Company Industry+ % to
instruments. NAV Banks 19.60
Industrial Products 12.84
EQUITY & EQUITY RELATED
l Fund Manager ¥ Petroleum Products 9.74
Chirag Setalvad (since April 2, 07) Software 9.58
Total Experience: Over 19 years HDFC Bank Ltd. Banks 5.51
Auto 8.55
Infosys Ltd. Software 5.50
Auto Ancillaries 6.24
l Inception Date (Date of Allotment) Reliance Industries Ltd. Petroleum Products 5.37
Construction Project 5.03
January 2, 2001 State Bank of India Banks 5.27
Finance 4.26
NAV NAV per Unit (`) Consumer Durables 4.19
Regular Plan - Growth Option 271.317 Consumer Non Durables 3.32
Bharat Petroleum
Regular Plan - Dividend Option 40.101 Corporation Ltd. Petroleum Products 4.37 Power 2.42
Direct Plan - Growth Option 277.579
Direct Plan - Dividend Option 41.861 Housing Development Industrial Capital Goods 1.93
Finance Corporation Ltd.£ Finance 4.26 Trading 1.59
aSSETS UNDER MANAGEMENT (`) IN CRORE Vesuvius India Ltd. Industrial Products 3.91 Pharmaceuticals 1.35
As on January 31, 2017 1,283.93 Total of Top Ten Holdings 49.82 Chemicals 1.19
Average for Month of January, 2017 1,260.76 Total Equity & Equity Related Holdings 94.32 Telecom - Services 1.08
Cash, Cash Equivalents and Net Current Assets 5.68 Ferrous Metals 1.08
l quantitative data
Grand Total 100.00 Media And Entertainment 0.33
For complete portfolio, please visit www.hdfcfund.com 0 5 10 15 20
Risk Ratio
n Standard Deviation 4.265% £ Co-sponsor
n Beta 0.982
SIP Performance
Based on month-end NAV. Since Inception 15 year 10 year 5 year 3 year 1 year
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) SIP SIP SIP SIP SIP SIP
l Total Expense Ratio Mkt Value as on December 30, 2016 (` ‘000) 12,001.68 8,693.33 2,411.56 869.86 419.83 128.49
(Weighted Average for the month) € Returns (Annualised) (%) 20.35 18.92 13.38 14.85 10.25 13.40
Regular 2.29% Benchmark Returns (Annualised) (%) # 12.74 12.41 7.46 6.99 1.73 1.18
Direct 1.64% Addl. Benchmark Ret. (Annualised) (%) ## 12.59 12.31 7.92 7.69 2.79 1.61
€ Excluding Service Tax on Management Fees. Past performance may or may not be sustained in the future. # S&P BSE SENSEX ## NIFTY 50 Index. Assuming ` 10,000 invested
l BENCHMARK INDEX flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for
S&P BSE Sensex on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.
l Entry Load
Not Applicable.
l Exit Load
Nil (%) ## (`)##
l PlanS Dec 31, 15 Last 1 Year 230.008 13.02 1.95 3.01 11,302 10,195 10,301
Dec 31, 14 Last 2 Years 235.667 5.02 -1.60 -0.59 11,030 9,683 9,883
Dec 31, 13 Last 3 Years 162.886 16.86 7.94 9.10 15,959 12,577 12,985
Jan 02, 01 Since Inception 10.000 22.58 12.54 12.34 259,945 66,253 64,364
l Options
Under Each Plan : Growth & Dividend. The Dividend Option
offers Dividend Payout facility. Period Scheme Benchmark Additional Benchmark
^ # ##
Purchase : ` 500 and in multiples of ` 500 thereafter. Dec 31, 14 To Dec 31, 15 -2.40 -5.03 -4.06
Additional Purchase : ` 500 and in multiples of ` 500 thereafter. Dec 31, 13 To Dec 31, 14 44.68 29.89 31.39
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
l Redemption Proceeds Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX ## NIFTY 50 Index. @ shows the
Normally despatched within 3-4 Business Days. current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Chirag
Setalvad, please refer page 46.
l LOCK-IN PERIOD
3 years from the date of allotment of the respective Units
For Tax Benefits / Consequences, Please refer to page 46 l Investment predominantly in equity and equity related instruments.

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

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

l quantitative data
Risk Ratio SIP Performance
n Beta 1.477 Since Inception 5 year 3 year 1 year
n Sharpe Ratio* 0.223 SIP SIP SIP SIP
Computed for the 3-yr period ended January 31, 2017. Total Amount Invested (` ‘000) 1,060.00 600.00 360.00 120.00
Based on month-end NAV. Mkt Value as on December 30, 2016 (` ‘000) 1,586.51 794.94 392.48 123.48
* Risk free rate: 6.25% (Source: FIMMDA MIBOR) Returns (Annualised) (%) 8.89 11.20 5.69 5.44
Benchmark Returns (Annualised) (%) # 9.78 10.12 5.36 3.01
Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000
Regular 2.30% invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
Direct 1.50% for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into
€ Excluding Service Tax on Management Fees. consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not
be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising
or forecasting any returns.
l BENCHMARK INDEX
NIFTY 500 Index Cumulative Performance
l Entry Load per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Not Applicable. (`) (%)^ (%)# Returns (`)# Benchmark
(%) ## (`)##
l Exit Load Dec 31, 15 Last 1 Year 15.962 -1.92 3.84 3.01 9,808 10,384 10,301
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 14 Last 2 Years 16.374 -2.22 1.53 -0.59 9,561 10,309 9,883
Load of 1.00% is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 9.416 18.47 12.42 9.10 16,626 14,208 12,985
out within 1 year from the date of allotment. Mar 10, 08 Since Inception 10.000 5.22 6.75 6.24 15,655 17,777 17,052
out after 1 year from the date of allotment.
^ # ##
Dec 31, 15 To Dec 30, 16 -1.92 3.84 3.01
l PlanS
Dec 31, 14 To Dec 31, 15 -2.52 -0.72 -4.06
Dec 31, 13 To Dec 31, 14 73.90 37.82 31.39
l Options ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Under Each Plan : Growth & Dividend. The Dividend Option greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index. @ shows the current
value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by Prashant Jain &
Srinivas Rao Ravuri, please refer page 46.
Purchase : ` 5,000 and any amount thereafter. This product is suitable for investors who are seeking ~ Riskometer
Additional Purchase : ` 1,000 and any amount thereafter. l Capital appreciation over long term.
l Investment predominantly in equity and equity related securities
of companies engaged in or expected to benefit from the growth
Normally despatched within 3-4 Business Days (Redemption and development of infrastructure.
is subject to completion of Lock-in Period, if applicable).

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

Not Applicable. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Exit Load (`) (%)^ (%)# Returns (`)# Benchmark
l In respect of each purchase / switch-in of Units, an Exit (%) ## (`)##
out within 1 month from the date of allotment. Dec 31, 15 Last 1 Year 18.232 6.64 7.48 3.01 10,664 10,748 10,301
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 14 Last 2 Years 16.944 7.12 7.86 -0.59 11,475 11,633 9,883
out after 1 month from the date of allotment. Dec 31, 13 Last 3 Years 15.698 7.39 8.31 9.10 12,386 12,705 12,985
For further details, please refer to para ‘Exit Load’ on Pg 46. Oct 23, 07 Since Inception 10.000 7.50 7.63 4.47 19,443 19,666 14,955
l PlanS Period Scheme Benchmark Additional Benchmark
(Wholesale Plan) - Regular Plan ^ # ##
(Wholesale Plan) - Direct Plan
Dec 31, 15 To Dec 30, 16 6.64 7.48 3.01
Dec 31, 14 To Dec 31, 15 7.60 8.23 -4.06
l Options
Dec 31, 13 To Dec 31, 14 7.94 9.21 31.39
Under Each Plan : Growth & Dividend. Dividend Option offers
Monthly Dividend Option and Normal Dividend Option with ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
Payout and Reinvestment facility. greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## NIFTY 50 Index. @ shows the
current value of ` 10,000/- invested at the beginning of a given period. Scheme performance is not strictly comparable with that
of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage
l Minimum Application Amount (Under each Plan / Option) opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.
Purchase / Additional Purchase: ` 1 lakh and any amount
thereafter. This product is suitable for investors who are seeking ~ Riskometer
l Income over short term.
l Income through arbitrage opportunities between cash and
derivative market and arbitrage opportunities within the
derivative segment.
moderately low risk
HDFC Index Fund SENSEX Plan (An open-ended Index Linked scheme)
The objective of this Plan is to generate returns that are (% of Net Assets)
commensurate with the performance of the SENSEX, subject Company Industry+ % to
to tracking errors. NAV Banks 22.54
EQUITY & EQUITY RELATED Software 13.07

l Fund Manager ¥
HDFC Bank Ltd. Banks 10.17 Consumer Non Durables 12.71
Krishan Kumar Daga (since October 19, 15)
Total Experience: Over 27 years ITC Ltd. Consumer Non Auto 12.40
Durables 8.59
l Inception Date (Date of Allotment) Finance 8.49
Housing Development
July 17, 2002 Finance Corporation Ltd.£ Finance 8.49 Petroleum Products 6.77
Infosys Ltd. Software 7.29 Pharmaceuticals 6.64
Reliance Industries Ltd. Petroleum Products 6.77 Construction Project
Regular Plan - Growth Option 240.5560 4.54
Direct Plan - Growth Option 242.6714 Power 3.46
Tata Consultancy Services Ltd. Software 4.65
aSSETS UNDER MANAGEMENT (`) IN CRORE Oil 2.14
As on January 31, 2017 94.03 Tata Motors Ltd. Auto 3.97 Telecom - Services 1.80
Average for Month of January, 2017 92.22
State Bank of India Banks 3.17 Minerals/Mining 1.51
l quantitative data Total of Top Ten Holdings 63.78 Ferrous Metals 1.22
Portfolio Turnover Ratio (Last 1 year) 28.01% Total Equity & Equity Related Holdings 99.18
Transportation 1.03
l tRACKING ERROR Gas 0.86
Grand Total 100.00
Annualised tracking error is calculated based on daily rolling 0 5 10 15 20 25
returns for the last 12 months: 0.13% For complete portfolio, please visit www.hdfcfund.com
£ Co-sponsor
(Weighted Average for the month) € SIP Performance
Regular 0.30% Since Inception 10 year 5 year 3 year 1 year
Direct 0.15% SIP SIP SIP SIP SIP
€ Excluding Service Tax on Management Fees. Total Amount Invested (` ‘000) 1,740.00 1,200.00 600.00 360.00 120.00
Mkt Value as on December 30, 2016 (` ‘000) 4,201.38 1,795.80 736.86 376.76 121.59
l BENCHMARK INDEX Returns (Annualised) (%) 11.33 7.82 8.16 2.98 2.46
S&P BSE Sensex (Total Returns Index) Benchmark Returns (Annualised) (%) # 13.80 8.62 8.66 3.24 2.62
Addl. Benchmark Ret. (Annualised) (%) ## 12.01 7.92 7.69 2.79 1.61
l Entry Load Past performance may or may not be sustained in the future. # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
Not Applicable. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
l Exit Load purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
out within 30 days from the date of allotment.
out after 30 days from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
For further details, please refer to para ‘Exit Load’ on Pg 46. (%) ## (`)##
Dec 31, 14 Last 2 Years 233.4297 -0.37 -0.17 -0.59 9,926 9,966 9,883
Dec 31, 13 Last 3 Years 178.6957 9.05 9.54 9.10 12,967 13,142 12,985
l Options Jul 17, 02 Since Inception 32.1610 14.63 17.67 15.39 72,046 105,271 79,278
Each Plan offers Growth Option only. Discrete 12 month Returns (%)
l Minimum Application Amount (Under each Plan / Option) ^ # ##
Additional Purchase : ` 1,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 -3.95 -3.68 -4.06
Dec 31, 13 To Dec 31, 14 30.63 31.87 31.39
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. Since inception returns are calculated on `
32.1610 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.

l Returns
that are commensurate with the performance of the
SENSEX, subject to tracking errors over long term.
l Investment in equity securities covered by the SENSEX.
Investors understand that their principal will be at moderately

high risk
Face Value per Unit: ` 32.1610, + Industry Classification as recommended by AMFI, Data is as of January 31, 2017 unless otherwise specified.
HDFC Index Fund NIFTY Plan (An open-ended Index Linked scheme)
The objective of this Plan is to generate returns that are (% of Net Assets)
commensurate with the performance of the NIFTY, subject Company Industry+ % to
to tracking errors. NAV Banks 25.27
Software 12.99
EQUITY & EQUITY RELATED Auto 11.61
l Fund Manager ¥
HDFC Bank Ltd. Banks 8.26 Consumer Non Durables 10.31
Krishan Kumar Daga (since October 19, 15)
Total Experience: Over 27 years ITC Ltd. Consumer Non Finance 6.90
Durables 6.97 Petroleum Products 6.64
l Inception Date (Date of Allotment) Housing Development Pharmaceuticals 6.01
July 17, 2002 Finance Corporation Ltd.£ Finance 6.90 Construction Project 3.78
Infosys Ltd. Software 5.91 Power 3.27
NAV NAV per Unit (`) Reliance Industries Ltd. Petroleum Products 5.51 Cement 3.15
Regular Plan - Growth Option 76.1245 ICICI Bank Ltd. Banks 4.99 Telecom - Services 1.90
Direct Plan - Growth Option 76.6569 Oil 1.74
Tata Consultancy
Services Ltd. Software 3.78 Minerals/Mining 1.24
aSSETS UNDER MANAGEMENT (`) IN CRORE Ferrous Metals 0.99
As on January 31, 2017 185.22 Media And Entertainment 0.85
Average for Month of January, 2017 197.38 Tata Motors Ltd. Auto 3.23
Transportation 0.79
Kotak Mahindra Bank Ltd. Banks 2.95 Non - Ferrous Metals 0.78
l quantitative data Total of Top Ten Holdings 52.28 Gas 0.70
Portfolio Turnover Ratio (Last 1 year) 27.37% Total Equity & Equity Related Holdings 100.46 Auto Ancillaries 0.64
Cash, Cash Equivalents and Net Current Assets -0.46 Telecom - Equipment & Accessories 0.50
l tRACKING ERROR Industrial Capital Goods 0.40
Grand Total 100.00
Annualised tracking error is calculated based on daily rolling 0 5 10 15 20 25 30
returns for the last 12 months: 0.10% For complete portfolio, please visit www.hdfcfund.com
£ Co-sponsor
Regular 0.50% Since Inception 10 year 5 year 3 year 1 year
NIFTY 50 Index (Total Returns Index) Benchmark Returns (Annualised) (%) # 13.57 9.21 9.04 4.06 2.95
l Entry Load Past performance may or may not be sustained in the future. # NIFTY 50 Index (Total Returns Index) ## S&P BSE SENSEX.
Not Applicable. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
l Exit Load purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
out within 3 months from the date of allotment.
out after 3 months from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
For further details, please refer to para ‘Exit Load’ on Pg 46. (%) ## (`)##
Dec 31, 14 Last 2 Years 72.4060 0.30 0.62 -1.60 10,061 10,125 9,683
Dec 31, 13 Last 3 Years 54.7785 9.97 10.40 7.94 13,299 13,456 12,577
l Options Jul 17, 02 Since Inception 10.3260 14.46 17.05 15.73 70,548 97,496 82,792
Each Plan offers Growth Option only. Discrete 12 month Returns (%)
l Minimum Application Amount (Under each Plan / Option) ^ # ##
Additional Purchase : ` 1,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 -3.09 -3.01 -5.03
Dec 31, 13 To Dec 31, 14 32.18 32.90 29.89
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index (Total Returns Index). ## S&P BSE SENSEX.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. Since inception returns are calculated on
` 10.3260 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.

l Returns that are commensurate with the performance of the
NIFTY, subject to tracking errors over long term.
l Investment in equity securities covered by the NIFTY.

high risk
HDFC Index Fund SENSEX Plus Plan (An open-ended Index Linked scheme)
The objective of this Plan is to invest 80% to 90% of the net (% of Net Assets)
assets of the Plan in companies whose securities are included Company Industry+ % to
in SENSEX and between 10% & 20% of the net assets in NAV Banks 21.51
companies whose securities are not included in the SENSEX. Software 11.19
Consumer Non Durables 11.01
l Fund Manager ¥ HDFC Bank Ltd. Banks 8.54
Auto 10.67
Krishan Kumar Daga (since October 19, 15) ITC Ltd. Consumer Non Petroleum Products 8.57
Total Experience: Over 27 years Durables 7.41
Finance 7.34
Housing Development
l Inception Date (Date of Allotment) Pharmaceuticals 5.87
Finance Corporation Ltd.£ Finance 7.34
July 17, 2002 Construction Project 4.03
Cement 3.95
NAV NAV per Unit (`) Chemicals 2.78
ICICI Bank Ltd. Banks 5.33 Power 2.74
Direct Plan - Growth Option 377.5539 Larsen & Toubro Ltd. Construction Project 4.03 Oil 1.86
Tata Consultancy Services Ltd. Software 3.87 Telecom - Services 1.66
Tata Motors Ltd. Auto 3.40 Pesticides 1.44
As on January 31, 2017 102.32
Average for Month of January, 2017 100.83 Solar Industries India Ltd. Chemicals 2.78 Minerals/Mining 1.33
Total of Top Ten Holdings 54.90 Industrial Products 1.07
l quantitative data Total Equity & Equity Related Holdings 99.72 Ferrous Metals 1.05
Portfolio Turnover Ratio (Last 1 year) 5.66% Cash, Cash Equivalents and Net Current Assets 0.28 Transportation 0.90
Gas 0.75
l Total Expense Ratio Grand Total 100.00
0 5 10 15 20 25
(Weighted Average for the month) € For complete portfolio, please visit www.hdfcfund.com
Regular 1.00% £ Co-sponsor
Direct 0.75%
€ Excluding Service Tax on Management Fees. SIP Performance
Since Inception 10 year 5 year 3 year 1 year
l BENCHMARK INDEX SIP SIP SIP SIP SIP
S&P BSE Sensex (Total Returns Index) Total Amount Invested (` ‘000) 1,740.00 1,200.00 600.00 360.00 120.00
l Entry Load Returns (Annualised) (%) 14.43 9.66 8.77 3.86 3.90
Not Applicable. Benchmark Returns (Annualised) (%) # 13.80 8.62 8.66 3.24 2.62
l Exit Load Past performance may or may not be sustained in the future. # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
l In respect of each purchase / switch-in of Units, an Exit Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
Load of 1.00% is payable if Units are redeemed / switched- Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
out within 30 days from the date of allotment. purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is
out after 30 days from the date of allotment.
l PlanS per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Regular Plan, Direct Plan (%) ## (`)##
l Options Dec 31, 15 Last 1 Year 341.9391 4.48 3.47 3.01 10,448 10,347 10,301
Each Plan offers Growth Option only. Dec 31, 14 Last 2 Years 358.7502 -0.21 -0.17 -0.59 9,958 9,966 9,883
Dec 31, 13 Last 3 Years 264.6035 10.52 9.54 9.10 13,501 13,142 12,985
l Minimum Application Amount (Under each Plan / Option) Jul 17, 02 Since Inception 32.1610 18.11 17.67 15.39 111,082 105,271 79,278
Purchase : ` 5,000 and any amount thereafter. Discrete 12 month Returns (%)
Additional Purchase : ` 1,000 and any amount thereafter. Period Scheme Benchmark Additional Benchmark
^ # ##
l Redemption Proceeds Dec 31, 15 To Dec 30, 16 4.48 3.47 3.01
Normally despatched within 3-4 Business Days. Dec 31, 14 To Dec 31, 15 -4.69 -3.68 -4.06
Dec 31, 13 To Dec 31, 14 35.58 31.87 31.39
greater than 1 year period are compounded annualized (CAGR). # S&P BSE Sensex (Total Returns Index) ## NIFTY 50 Index.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. Since inception returns are calculated on
` 32.1610. For performance of other schemes managed by Krishan Kumar Daga, please refer page 46.

l Investment in equity securities of 80% to 90% of the net assets
of the Plan in companies whose securities are included in SENSEX
and between 10% & 20% of the net assets in companies whose
securities are not included in the SENSEX.

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

HDFC Prudence Fund (An open-ended balanced scheme)
To provide periodic returns and capital appreciation over a Issuer Industry+/Rating % to NAV (% of Net Assets)
long period of time, from a judicious mix of equity and debt
investments, with the aim to prevent / minimise any capital Equity & Equity Related
State Bank of India Banks 6.86 Banks 19.41
erosion. Under normal circumstances, it is envisaged that Larsen & Toubro Ltd. Construction Project 6.74 Construction Project 7.71
the debt : equity mix would vary between 25:75 and 40:60 ICICI Bank Ltd. Banks 6.39 Software 7.25
respectively. This mix may achieve the investment objective, Infosys Ltd. Software 4.38 Auto
may result in regular income, capital appreciation and may Tata Steel Ltd. Ferrous Metals 3.41 4.38
also prevent capital erosion. Maruti Suzuki India Ltd. Auto 2.04 Power 4.29
Aarti Industries Ltd. Chemicals 1.75 Industrial Capital Goods 4.24
Bank of Baroda Banks 1.46 Ferrous Metals 4.15
l Fund Manager § ¥ Adani Ports and Special
Economic Zone Ltd. Transportation 1.41 Petroleum Products 2.38
Prashant Jain (since June 19, 03) Power Grid Corporation of India Ltd. Power 1.33 Auto Ancillaries 2.21
Total Experience: Over 25 years Total of Top Ten Holdings 35.77 Chemicals 2.14
Investment in ADR/GDR/Foreign Securities Pharmaceuticals 2.05
l Inception Date (Date of Allotment) Cognizant Technology Solutions Corp Software 0.22 Consumer Durables 1.87
Total Equity & Equity Related Holdings 73.92 Transportation 1.61
February 1, 1994 G-Sec, Credit Exposure
Government Securities Sovereign 9.87 Pesticides 1.58
NAV NAV per Unit (`) State Bank of India CRISIL - AAA / AA+ 3.17 Finance 1.33
Canara Bank FITCH - AA 2.25 Cement 1.31
Regular Plan - Growth Option 429.729 Union Bank of India FITCH - AA 1.84 Oil 1.31
Regular Plan - Dividend Option 29.781 IDBI Bank Ltd. CRISIL - A / ICRA-A+ 1.37 Media And Entertainment
Axis Bank Ltd. CRISIL - AA 0.91 0.97
Direct Plan - Growth Option 442.145 Construction 0.93
Direct Plan - Dividend Option 34.159 Syndicate Bank CARE - AA- 0.80
HDFC Bank Ltd. CRISIL - AAA 0.78 Commercial Services 0.72
Bank of India CRISIL - A+ 0.48 Industrial Products 0.71
aSSETS UNDER MANAGEMENT (`) IN CRORE Andhra Bank CARE - AA- 0.13 Consumer Non Durables 0.50
As on January 31, 2017 16,468.57 Total G-Sec, Credit Exposure 21.96 Telecom - Equipment & Accessories 0.32
Average for Month of January, 2017 15,925.77 Short Term Deposits as margin for Futures & Options 0.10 Telecom - Services 0.28
Other Cash, Cash Equivalents and Net Current Assets 4.02 Textiles - Synthetic 0.15
l quantitative data Grand Total 100.00 Gas 0.08
Portfolio Turnover Ratio (Last 1 year) 64.63% For complete portfolio, please visit www.hdfcfund.com Textile Products 0.04
Average Maturity * 11.93 years Investment in Foreign Securities (` in Crore) 36.39
0 5 10 15 20
Yield to Maturity * 7.90% Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
* Computed on the invested amount for debt portfolio.
Equity 73.92
l Total Expense Ratio Equity 73.92 Sovereign 9.87
(Weighted Average for the month) € G-Sec 9.87 AAA/AAA(SO)/A1+/A1+(SO)
Regular 2.26% Credit Exposure 12.09 & Equivalent 0.92
Direct 1.03% AA+ & Below 11.17
Cash, Cash Equivalents and
€ Excluding Service Tax on Management Fees. Net Current Assets 4.12 Cash, Cash Equivalents and
l BENCHMARK INDEX
CRISIL Balanced Fund - Aggressive Index SIP Performance
l Entry Load SIP SIP SIP SIP SIP SIP
Not Applicable. Mkt Value as on December 30, 2016 (` ‘000) $$ 45,322.83 8,798.99 2,578.36 871.73 423.06 128.71
Returns (Annualised) (%) $$ 20.41 19.06 14.63 14.93 10.78 13.76
l Exit Load Benchmark Returns (Annualised) (%) # N.A. N.A. 8.68 8.93 6.09 5.77
l In respect of each purchase / switch-in of Units, upto 15%
of the units may be redeemed without any exit load from Past performance may or may not be sustained in the future. # CRISIL Balanced Fund - Aggressive Index ## NIFTY 50 Index. N.A. Not Available.
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
the date of allotment. for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan-Growth Option. Load is not taken into consideration for
l Any redemption in excess of the above limit shall be subject computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum
to the following exit load: returns and safeguard of capital. The AMC/Mutual Fund is not guaranteeing or promising or forecasting any returns.
n Exit load of 1.00% is payable if Units are redeemed / Cumulative Performance
switched-out within 1 year from the date of allotment
of units. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
(`) (%)^$$ (%)# Returns $$ (`)# Benchmark
out after 1 year from the date of allotment.. (%) ## (`)##
For further details, please refer to para ‘Exit Load’ on Pg 46. Dec 31, 15 Last 1 Year 374.380 9.43 6.66 3.01 10,943 10,666 10,301
Dec 31, 14 Last 2 Years 373.297 4.76 3.52 -0.59 10,975 10,717 9,883
l Plans Dec 31, 13 Last 3 Years 245.973 18.54 10.34 9.10 16,656 13,433 12,985
Feb 01, 94 Since Inception 10.000 18.90 N.A. 8.62 529,523 N.A. 66,555
l Options Period Scheme^$$ Benchmark # Additional Benchmark ##
Dec 31, 15 To Dec 30, 16 9.43 6.66 3.01
Under Each Plan : Growth & Dividend. The Dividend Option Dec 31, 14 To Dec 31, 15 0.29 0.48 -4.06
offers Dividend Payout and Reinvestment facility. Dec 31, 13 To Dec 31, 14 51.76 25.34 31.39
^Past performance may or may not be sustained in the future. The above returns are for Regular Plan-Growth Option. Returns greater than 1
l Minimum Application Amount (Under each Plan / Option) year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view
of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. # CRISIL Balanced Fund - Aggressive Index
Purchase : ` 5,000 and any amount thereafter. ## NIFTY 50 Index. @ shows the current value of ` 10,000/- invested at the beginning of a given period. $$ All dividends declared prior to the splitting
Additional Purchase : ` 1,000 and any amount thereafter. of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV).
N.A.: Not Available. For performance of other schemes managed by Prashant Jain, please refer page 46.
l Periodic income with capital appreciation and
prevention of capital erosion over long term.
§ Date of migration from Zurich India Mutual Fund (Close of
business hours - June 19, 03 instruments with balance exposure to debt and money
market instruments.

HDFC Children’s Gift Fund Investment Plan (An open-ended balanced scheme) Ωπ

To generate long term capital appreciation. Issuer Industry+/Rating % to (% of Net Assets)
NAV
l Fund Manager ¥ Banks 15.23
Chirag Setalvad (since April 2, 07) EQUITY & EQUITY RELATED Industrial Products 10.40
Total Experience - Over 19 years HDFC Bank Ltd. Banks 5.13 Software 7.04
ICICI Bank Ltd. Banks 3.67 Construction Project 4.73
l Inception Date (Date of Allotment) Infosys Ltd. Software 3.32 Auto Ancillaries 4.01
March 2, 2001 State Bank of India Banks 3.27
Finance 3.34
Pharmaceuticals 3.07
NAV NAV per Unit (`) Larsen & Toubro Ltd. Construction Project 2.77
Auto 3.07
Regular Plan 93.583 Motherson Sumi Systems Ltd. Auto Ancillaries 2.35
Consumer Non Durables 2.80
Direct Plan 96.344 Britannia Industries Ltd. Consumer Non
Petroleum Products 2.78
Durables 1.90
aSSETS UNDER MANAGEMENT (`) IN CRORE Consumer Durables 2.07
Vedanta Ltd. Non - Ferrous Metals
1.83
As on January 31, 2017 1,315.21 Media And Entertainment 2.01
Fag Bearings India Ltd. Industrial Products
1.67
Average for Month of January, 2017 1,285.11 Non - Ferrous Metals 1.83
Hotels, Resorts & Other Recreational Activities 1.65
l quantitative data Total Equity & Equity Related Holdings 71.22
Power 1.61
G-Sec, Credit Exposure
Portfolio Turnover Ratio (Last 1 year) 3.03% Pesticides 1.46
Average Maturity * 8.42 years Government Securities Sovereign 16.63
Ferrous Metals 1.06
Modified Duration * 4.84 years Tata Motors Finance Ltd. CRISIL - AA 2.69
Construction 1.05
Yield to Maturity * 6.99% Tata Sons Ltd. CRISIL - AAA 2.53
Telecom - Services 0.79
* Computed on the invested amount for debt portfolio. State Bank of India CRISIL - AA+ 0.77
Vedanta Ltd. CRISIL - AA- 0.39
l Total Expense Ratio Services 0.46
Total G-Sec, Credit Exposure 23.01
(Weighted Average for the month) € Fertilisers 0.24
Regular 2.19% Transportation 0.04
Grand Total 100.00
Direct 1.20% 0 2 4 6 8 10 12 14 16
For complete portfolio, please visit www.hdfcfund.com
l BENCHMARK INDEX Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
CRISIL Balanced Fund - Aggressive Index Equity 71.22
l Entry Load
G-Sec 16.63 AAA/AAA(SO)/A1+/A1+(SO)
Not Applicable.
l Exit Load
l For Units subject to Lock-in Period: NIL
l For Units not subject to Lock-in Period: Net Current Assets 5.77
n 3.00% if the Units are redeemed / switched-out within
one year from the date of allotment; SIP Performance
n 2.00% if the Units are redeemed / switched-out between Since Inception 15 year 10 year 5 Year 3 Year 1 Year
the first and second year from the date of allotment; SIP SIP SIP SIP SIP SIP
n 1.00% if the Units are redeemed / switched-out between Total Amount Invested (` ‘000) 1,900.00 1,800.00 1,200.00 600.00 360.00 120.00
the second and third year from the date of allotment; Mkt Value as on December 30, 2016 (` ‘000) $ 8,019.35 6,846.77 2,709.75 869.37 415.34 124.50
n Nil if the Units are redeemed / switched-out after third Returns (Annualised) (%) $ 16.41 16.20 15.55 14.82 9.52 7.05
year from the date of allotment. Benchmark Returns (Annualised) (%) # N.A. N.A. 8.68 8.93 6.09 5.77
For further details, please refer to para ‘Exit Load’ on Pg 46. Addl. Benchmark Ret. (Annualised) (%) ## 12.61 12.31 7.92 7.69 2.79 1.61
Past performance may or may not be sustained in the future. # CRISIL Balanced Fund - Aggressive Index ## NIFTY 50 Index. N.A. Not Available.
l Plans Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting
for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan-Growth Option. Load is not taken into consideration for
Regular Plan, Direct Plan computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum
returns and safeguard of capital. The AMC/Mutual Fund is not guaranteeing or promising or forecasting any returns.
l Options
Nil Cumulative Performance
l Minimum Application Amount (Under each Plan / Option) per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
Purchase : ` 5,000 and any amount thereafter. (`) (%)^$ (%)# Returns $ (`)# Benchmark
Additional Purchase : ` 1,000 and any amount thereafter. (%) ## (`)##
Dec 31, 15 Last 1 Year 83.752 7.70 6.66 3.01 10,770 10,666 10,301
l Redemption Proceeds Dec 31, 14 Last 2 Years 81.757 5.04 3.52 -0.59 11,032 10,717 9,883
Normally despatched within 3-4 Business Days (Redemption Dec 31, 13 Last 3 Years 57.132 16.44 10.34 9.10 15,788 13,433 12,985
is subject to completion of Lock-in Period, if opted). Mar 02, 01 Since Inception 10.000 16.81 N.A. 12.28 117,257 N.A. 62,662
l LOCK-IN PERIOD Period Scheme Benchmark Additional Benchmark
If opted : Until the Unit holder (being the beneficiary child) ^$ # ##
attains the age of 18 years or until completion of 3 years from Dec 31, 15 To Dec 30, 16 7.70 6.66 3.01
the date of allotment which ever is later. Dec 31, 14 To Dec 31, 15 2.44 0.48 -4.06
Dec 31, 13 To Dec 31, 14 43.10 25.34 31.39
For Tax Benefits / Consequences, Please refer to page 46 ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns greater than 1
¥ Dedicated Fund Manager for Overseas Investments: year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of its Additional Benchmark in view
of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. # CRISIL Balanced Fund - Aggressive Index
Mr Rakesh Vyas (Total Experience - Over 12 years). ## NIFTY 50 Index. @ shows the current value of ` 10,000/- invested at the beginning of a given period. $ Adjusted for Bonus units declared under
Ω Eligibility (of Unit holder) : Children less than 18 years of the Scheme. N.A.: Not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 46.
age as on the date of investment by the Investor / Applicant
are eligible as Unit holders in the Scheme. This product is suitable for investors who are seeking ~ Riskometer
π Personal Accident Insurance Cover for Parent / Legal l Capital appreciation over long term.
Guardian (upto the age of 80 years) of the Unit holder,
l Investment in equity and equity related instruments as
equivalent to 10 times the cost value of the outstanding
Units held by the Unit holder under all the applications / well as debt and money market instruments.
account statements / folios, subject to a maximum amount
of ` 10 lakhs per Unit holder. The insurance premium in
respect of the personal accident insurance cover will be
borne by the AMC. This accident insurance cover is subject to
conditions of the group personal accident insurance policy.
HDFC Children’s Gift Fund Savings Plan (An open-ended balanced scheme) Ωπ
l investment objective Portfolio - Top 10 Holdings

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

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

The investment objective of the Investment Plans offered (% of Net Assets)
under the Scheme is to generate a corpus to provide for Company Industry+/Rating % to
pension to an investor in the form of income to the extent of NAV Banks 20.58
the redemption value of their holding after the age of 60 years Industrial Products 7.26
by investing in a mix of securities comprising of equity, equity EQUITY & EQUITY RELATED
related instruments and/or Debt/Money Market Instruments. Petroleum Products 5.88
Larsen & Toubro Ltd. Construction Project 3.69 Chemicals 5.73
l Fund Manager ¥
Reliance Industries Ltd. Petroleum Products 3.50 Construction Project 5.34
Chirag Setalvad (Equities) (since February 25, 2016)
Total Experience - Over 19 years & ICICI Bank Ltd. Banks 3.11 Auto Ancillaries 4.17
Shobhit Mehrotra (Debt) (since February 25, 2016) Indusind Bank Ltd. Banks 3.04 Software 3.84
Total Experience: Over 22 years Tube Investments of India Power 3.25
Ltd. Auto Ancillaries 2.77
l Inception Date (Date of Allotment) Industrial Capital Goods 3.18
February 25, 2016 Pharmaceuticals 3.14
State Bank of India Banks 2.53
Carborundum Universal Ltd. Industrial Products 2.48 Auto 2.95
Vedanta Ltd. Non - Ferrous Metals 2.46 Consumer Durables 2.57
Regular Plan 13.310
Direct Plan 13.518 Total of Top Ten Holdings 31.60 Hotels, Resorts & Other Recreational Activities 2.49
Total Equity & Equity Related Holdings 81.84 Non - Ferrous Metals 2.46
Credit Exposure Gas 2.22
As on January 31, 2017 164.47
Average for Month of January, 2017 158.26 Syndicate Bank CARE - AA- 2.22 Ferrous Metals 1.89
Union Bank of India FITCH - AA 1.89 Finance 1.56
l quantitative data
Total Credit Exposure 4.11 Trading 1.31
Portfolio Turnover Ratio Nil
Cash, Cash Equivalents and Net Current Assets 14.05 Media And Entertainment 1.11
l Total Expense Ratio Oil 0.91
(Weighted Average for the month) € Grand Total 100.00
0 5 10 15 20 25
Regular 2.91% For complete portfolio, please visit www.hdfcfund.com
Direct 1.16%
l BENCHMARK INDEX
NIFTY 500 Index
l Entry Load
Not Applicable.
l Exit Load
l (Upon completion of lock-in period of 5 years) In respect
of each purchase/switch-in of units offered under the
respective Investment Plan(s):-
n An Exit Load of 1% is payable if Units are redeemed/
switched-out before completion of 60 years of age;
n No Exit Load is payable if Units are redeemed/
switched-out on or after attainment of 60 years of age.;
No Exit Load shall be imposed for switching between
Investment Plan(s) and Plans/Options within the
Investment Plan(s), subject to completion of lock-in period.
l Plans
l Options
Under Each Plan offers Growth Option only.

Normally despatched within 3-4 Business Days (Redemption
l LOCK-IN PERIOD
Units purchased cannot be assigned / transferred / pledged /
redeemed / switched out until completion of 5 years from the This product is suitable for investors who are seeking ~ Riskometer
date of allotment of Units under the Scheme. Upon completion l A corpus to provide for pension in the form of income
of lock-in period, subsequent switches of units within the to the extent of the redemption value of their holding
Scheme shall not be subject to further lock-in period. after the age of 60 years.
For Tax Benefits / Consequences, Please refer to page 46 l Investment predominantly in equity and equity related
¥ Dedicated Fund Manager for Overseas Investments: instruments.

HDFC Retirement Savings Fund Hybrid Equity Plan (An open-ended notified Tax Savings Cum

The investment objective of the Investment Plans offered (% of Net Assets)
under the Scheme is to generate a corpus to provide for Company Industry+/Rating % to
pension to an investor in the form of income to the extent of NAV Banks 16.05
the redemption value of their holding after the age of 60 years
by investing in a mix of securities comprising of equity, equity EQUITY & EQUITY RELATED Industrial Products 6.79
related instruments and/or Debt/Money Market Instruments. HDFC Bank Ltd. Banks 4.08 Auto Ancillaries 5.06
State Bank of India Banks 2.95 Construction Project 4.55
l Fund Manager ¥
Chirag Setalvad (Equities) (since February 25, 2016) Software 4.11
Total Experience - Over 19 years & Petroleum Products 3.71
Shobhit Mehrotra (Debt) (since February 25, 2016) City Union Bank Ltd. Banks 2.23 Consumer Durables 3.47
Tube Investments of India Ltd. Auto Ancillaries 2.17 Chemicals 2.83
l Inception Date (Date of Allotment) Vedanta Ltd. Non - Ferrous Metals 2.03
Power 2.50
February 25, 2016 Infosys Ltd. Software 2.00
Mahanagar Gas Ltd. Gas 1.86 Industrial Capital Goods 2.47
NAV NAV per Unit (`) Total of Top Ten Holdings 24.64 Auto 2.30
Regular Plan 13.059 Total Equity & Equity Related Holdings 66.19 Pharmaceuticals 2.16
Direct Plan 13.275 G-Sec, Credit Exposure Non - Ferrous Metals 2.03
aSSETS UNDER MANAGEMENT (`) IN CRORE State Bank of India CRISIL - AA+ 9.86
Gas 1.86
As on January 31, 2017 87.43 Government Securities Sovereign 5.89
Average for Month of January, 2017 84.99 Syndicate Bank CARE - AA- 4.17 Hotels, Resorts & Other Recreational Activities 1.78
Reliance Jio Infocomm Limited CRISIL - AAA 3.08 Ferrous Metals 1.38
l quantitative data IDBI Bank Ltd. ICRA - A+ 2.64 Finance 1.18
Portfolio Turnover Ratio 0.84% Total G-Sec, Credit Exposure 25.64
Trading 1.02
l Total Expense Ratio Media And Entertainment 0.94
(Weighted Average for the month) € Grand Total 100.00
0 2 4 6 8 1012141618
Regular 3.00% For complete portfolio, please visit www.hdfcfund.com
Direct 1.25%
l BENCHMARK INDEX
CRISIL Balanced Fund Index
l Entry Load
Not Applicable.
l Exit Load
l Plans
l Options

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

HDFC Retirement Savings Fund Hybrid Debt Plan (An open-ended notified Tax Savings Cum

The investment objective of the Investment Plans offered Issuer Industry+/Rating % to Issuer Industry+/Rating % to
under the Scheme is to generate a corpus to provide for NAV NAV
pension to an investor in the form of income to the extent of
the redemption value of their holding after the age of 60 years EQUITY & EQUITY RELATED G-Sec, Credit Exposure
by investing in a mix of securities comprising of equity, equity Sundram Fasteners Ltd. Auto Ancillaries 1.48 Government Securities Sovereign 36.64
related instruments and/or Debt/Money Market Instruments.
HDFC Bank Ltd. Banks 1.02 State Bank of India CRISIL - AA+ 10.63
l Fund Manager ¥ Mahanagar Gas Ltd. Gas 0.70
HPCL-Mittal Pipelines Limited FITCH - AA 6.50
Chirag Setalvad (Equities) (since February 26, 2016) Infosys Ltd. Software 0.65
Total Experience - Over 19 years & Syndicate Bank CARE - AA- 4.86
City Union Bank Ltd. Banks 0.63
Shobhit Mehrotra (Debt) (since February 26, 2016) Union Bank of India FITCH - AA 4.83
Total Experience: Over 22 years Reliance Jio Infocomm Limited CRISIL - AAA 4.77
Blue Star Ltd. Consumer Durables 0.62
l Inception Date (Date of Allotment) Hindustan Petroleum Corporation Ltd. Petroleum Products 0.62 IDBI Bank Ltd. ICRA - A+ 1.64
February 26, 2016 Vesuvius India Ltd. Industrial Products 0.61 Total G-Sec, Credit Exposure 69.87
Tata Steel Ltd. Ferrous Metals 0.59 Cash, Cash Equivalents and Net Current Assets 10.08
Total of Top Ten Holdings 7.55 Grand Total 100.00
Regular Plan 11.5159
Direct Plan 11.7000 Total Equity & Equity Related Holdings 20.05 For complete portfolio, please visit www.hdfcfund.com
As on January 31, 2017 42.94 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Equity 20.05
l quantitative data
Modified Duration * 3.68 years G-Sec 36.64 AAA/AAA(SO)/A1+/A1+(SO)
Yield to Maturity * 7.34% Credit Exposure 33.23 & Equivalent 4.77
* Computed on the invested amount for debt portfolio. Cash, Cash Equivalents and AA+ & Below 28.46
l Total Expense Ratio Net Current Assets 10.08
Regular 2.46%
Direct 0.46%
l BENCHMARK INDEX
CRISIL MIP Blended Index
l Entry Load
Not Applicable.
l Exit Load
l Plans
l Options

l LOCK-IN PERIOD This product is suitable for investors who are seeking ~ Riskometer
Units purchased cannot be assigned / transferred / pledged / l A corpus to provide for pension in the form of income
redeemed / switched out until completion of 5 years from the to the extent of the redemption value of their holding
date of allotment of Units under the Scheme. Upon completion after the age of 60 years.
of lock-in period, subsequent switches of units within the l Investmentpredominantly in debt and money market
Scheme shall not be subject to further lock-in period. instruments & balance in equity and equity related
instruments.
Mr Rakesh Vyas (Total Experience - Over 12 years). Investors understand that their principal will be at moderately high risk
HDFC MF MIP - Short Term Plan (An open-ended income scheme. Monthly income is not
assured and is subject to availability of distributable surplus)

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

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

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

Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of January 31, 2017 unless otherwise specified.
HDFC MF MIP - Long Term Plan (An open-ended income scheme. Monthly income is not
assured and is subject to availability of distributable surplus)

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

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

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

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

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

Regular 1.77% Since Inception 10 year 5 Year 3 Year 1 Year
Benchmark Returns (Annualised) (%) # 8.82 8.99 10.26 10.48 11.55
CRISIL MIP Blended Index
Past performance may or may not be sustained in the future. # Crisil MIP Blended Index ## Crisil 1 year T-Bill Index.
Not Applicable. Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
l Exit Load
l In respect of each purchase / switch-in of Units, an Exit Cumulative Performance
Load of 1.00% is payable if Units are redeemed / switched- Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
out within 15 months from the date of allotment. per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional
l No Exit Load is payable if Units are redeemed / switched- (`) (%)^ (%)# Returns (`)# Benchmark
out after 15 months from the date of allotment. (%) ## (`)##
Dec 31, 15 Last 1 Year 25.6833 8.91 11.55 7.27 10,891 11,155 10,727
Dec 31, 14 Last 2 Years 24.5370 6.77 9.14 7.75 11,400 11,912 11,609
Dec 31, 13 Last 3 Years 20.3744 11.14 11.65 8.02 13,729 13,917 12,603
l Plans Aug 17, 05 Since Inception 10.0000 9.46 8.43 6.21 27,972 25,122 19,851
l Options ^ # ##
offers Dividend Payout and Reinvestment facility. Dec 31, 14 To Dec 31, 15 4.67 6.79 8.22
Dec 31, 13 To Dec 31, 14 20.43 16.83 8.56
l Minimum Application Amount (Under each Plan / Option) ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Returns greater than 1 year period are compounded annualized (CAGR). # Crisil MIP Blended Index ## Crisil 1 year T-Bill Index.
Purchase : ` 5,000 and any amount thereafter. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme
Additional Purchase : ` 1,000 and any amount thereafter. where a portion of scheme’s investments are made in equity instruments. Performance of dividend option under the schemes for
the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
l Redemption Proceeds by Chirag Setalvad (Equities) and Anil Bamboli (Debt), please refer page 46.
l Positive returns over medium term with low risk of
For Tax Benefits / Consequences, Please refer to page 46 capital loss over medium term.
¥ Dedicated Fund Manager for Overseas Investments: l Investment in debt and money market instruments
Mr Rakesh Vyas (Total Experience - Over 12 years). with maturity of 15 months (85%) as well as equity
and equity related instruments (15%).

HDFC Income Fund (An open-ended income scheme)
To optimise returns while maintaining a balance of safety, Issuer Rating % to Issuer Rating % to
yield and liquidity. NAV NAV
G-Sec, Credit Exposure Andhra Pradesh Expressway Ltd. ICRA - AAA(SO) 0.60
l Fund Manager ¥
Government Securities Sovereign 71.97
Shobhit Mehrotra (since September 11, 07) Bank of Baroda CARE - AA 0.42
Total Experience: Over 22 years Tata Power Co. Ltd. CRISIL - AA- 2.76
State Bank of India CRISIL - AA+ 2.34
l Inception Date (Date of Allotment) Total G-Sec, Credit Exposure 84.62
Oriental Bank of Commerce FITCH - A+ 1.54
September 11, 2000
NTPC Ltd. CRISIL - AAA 1.28 Cash, Cash Equivalents and
NAV NAV per Unit (`) Food Corporation of India CRISIL - AAA(SO) 1.28
Regular Plan - Growth Option 37.8838 Tata Steel Ltd. BRICKSWORKS - AA- 1.27 Grand Total 100.00
Regular Plan - Quarterly Dividend Option 11.4215
Regular Plan - Normal Dividend Option 11.9458 Union Bank of India FITCH - AA 1.16 For complete portfolio, please visit www.hdfcfund.com
Direct Plan - Quarterly Dividend Option 11.8565
Direct Plan - Normal Dividend Option 12.4167

As on January 31, 2017 2,167.21
l quantitative data Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Yield to Maturity * 7.15% Sovereign 71.97
G-Sec 71.97
* Computed on the invested amount for debt portfolio. AAA/AAA(SO)/A1+/A1+(SO)
Credit Exposure 12.65
Cash, Cash Equivalents and & Equivalent 3.16
l Total Expense Ratio AA+ & Below 9.49
(Weighted Average for the month) € Cash, Cash Equivalents and
Regular 1.92% Net Current Assets 15.38
Direct 1.02%
l BENCHMARK INDEX
CRISIL Composite Bond Fund Index
l Entry Load Cumulative Performance

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

l Regular income over medium to long term.
l To optimise returns while maintaining a balance of
safety, yield and liquidity by investment in debt and
money market instruments.

HDFC High Interest Fund Dynamic Plan (An open-ended income scheme)
To generate income by investing in a range of debt and money
market instruments of various maturity dates with a view to Issuer Rating % to Issuer Rating % to
maximise income while maintaining the optimum balance of NAV NAV
yield, safety and liquidity.
G-Sec, SDL, Credit Exposure State Bank of Travancore CRISIL - AAA 1.03
l Fund Manager ¥
Government Securities Sovereign 68.98 Oriental Bank of Commerce FITCH - A+ 1.01
Anil Bamboli (since February 16, 04)
Total Experience: Over 22 years State Bank of India CRISIL - AA+ 4.03 HDFC Bank Ltd. CRISIL - AAA 1.01
l Inception Date (Date of Allotment) Union Bank of India FITCH - AA 2.83 Total of Top Ten Holdings 84.95
April 28, 1997 Total G-Sec, SDL, Credit Exposure 88.02
Bank of India CRISIL - A+ 2.08
NAV NAV per Unit (`) Hindalco Industries Ltd. CRISIL - AA- 1.48 Cash, Cash Equivalents and Net Current Assets 11.98
Regular Plan - Quarterly Dividend Option 12.2612 Syndicate Bank CARE - AA- 1.39 Grand Total 100.00
Regular Plan - Half-Yearly Dividend Option 12.0027
Regular Plan - Yearly Dividend Option 14.0294 Mahanagar Telephone Nigam Ltd. CARE - AAA(SO) 1.11 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Normal Dividend Option 12.2706
Direct Plan - Quarterly Dividend Option 12.6707
Direct Plan - Half-Yearly Dividend Option 12.8533
Direct Plan - Yearly Dividend Option 14.4845

As on January 31, 2017 2,518.50
l quantitative data Sovereign 68.98

G-Sec, SDL 68.98
Average Maturity * 11.33 years AAA/AAA(SO)/A1+/A1+(SO)
Yield to Maturity * 7.24% Cash, Cash Equivalents and AA+ & Below 15.26
* Computed on the invested amount.
Regular 1.72%
Direct 1.12%
l BENCHMARK INDEX
CRISIL Composite Bond Fund Index Cumulative Performance
l Entry Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Not Applicable. Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
(`)# Benchmark
l Exit Load (%) ##
(`)##
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 15 Last 1 Year 49.4384 14.74 12.93 14.97 11,474 11,293 11,497
out within 6 months from the date of allotment. Dec 31, 14 Last 2 Years 46.8565 10.03 10.76 11.12 12,106 12,268 12,347
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 40.3442 12.03 11.93 12.12 14,060 14,023 14,093
out after 6 months from the date of allotment.
Apr 28, 97 Since Inception 10.0000 9.22 N.A. N.A. 56,724 N.A. N.A.
Under Each Plan : Growth, Normal Dividend, Quarterly Dec 31, 14 To Dec 31, 15 5.51 8.63 7.39
Dividend, Half Yearly Dividend, & Yearly Dividend. All Dividend
Dec 31, 13 To Dec 31, 14 16.14 14.31 14.14
Options offer Payout and Reinvestment facility.
l Minimum Application Amount (Under each Plan / Option) greater than 1 year period are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index.
Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
Purchase : ` 5,000 and any amount thereafter. into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
Additional Purchase : ` 1,000 and any amount thereafter. period. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.
¥ Dedicated Fund Manager for Overseas Investments: l Stable returns over medium to long term.
Mr Rakesh Vyas (Total Experience - Over 12 years). l Tomaximize income while maintaining the optimum
balance of yield, safety and liquidity by investing in a
range of debt and money market instruments of various
maturity dates.

HDFC High Interest Fund Short Term Plan (An open-ended income scheme)
To generate income by investing in a range of debt and money
market instruments of various maturity dates with a view to Issuer Rating % to Issuer Rating % to
NAV NAV
maximising income while maintaining the optimum balance
of yield, safety and liquidity. The objective is to cater to the G-Sec, SDL, CD/CP, Credit Exposure Reliance Jio Infocomm Limited CRISIL - AAA 3.14
needs of investors with shorter term investment horizons and
Government Securities Sovereign 23.49 Rural Electrification
to provide stable returns over shorter periods.
Housing Development Finance Corporation Ltd. CRISIL - AAA 2.68
l Fund Manager ¥ Corporation Ltd.£ CRISIL - AAA 11.04 Toyota Financial Services India Ltd CRISIL - AAA 2.58
Shobhit Mehrotra (since September 1, 07) Vedanta Ltd. CRISIL - AA- 4.02
Total Experience: Over 22 years HPCL-Mittal Energy Limited FITCH - AA 3.59
Total G-Sec, SDL, CD/CP, Credit Exposure 90.13
Infiniti Retail Ltd.
(Subsidiary of Tata Sons) CARE - A+ 3.47 Cash, Cash Equivalents and Net Current Assets 9.87
February 6, 2002
Volkswagen Finance
Grand Total 100.00
Private Limited FITCH - AAA 3.33
State Bank of India CRISIL - AA+ 3.26 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Dividend Option 12.3629 £ Co-sponsor
Regular Plan - Fortnightly Dividend Option 10.5876
Direct Plan - Fortnightly Dividend Option 10.8843
As on January 31, 2017 2,272.63
Sovereign 23.49
Average for Month of January, 2017 2,268.91 G-Sec, SDL 23.49 AAA/AAA(SO)/A1+/A1+(SO)
CD/CP 1.08 & Equivalent 31.56
l quantitative data
Credit Exposure 65.56 AA+ & Below 35.08
Average Maturity * 3.91 years Cash, Cash Equivalents and Cash, Cash Equivalents and
Modified Duration * 2.79 years Net Current Assets 9.87 Net Current Assets 9.87

Regular 1.20%
Direct 0.75%
€ Excluding Service Tax on Management Fees. Cumulative Performance
l BENCHMARK INDEX
Scheme (`) Benchmark Additional
CRISIL Short Term Bond Fund Index (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
(`)##
l Entry Load
Dec 31, 15 Last 1 Year 28.9587 11.53 9.83 7.27 11,153 10,983 10,727
Not Applicable.
Dec 31, 14 Last 2 Years 26.9618 9.45 9.24 7.75 11,979 11,934 11,609
l Exit Load Dec 31, 13 Last 3 Years 24.2511 10.02 9.65 8.02 13,318 13,183 12,603
Nil Feb 06, 02 Since Inception 10.0000 8.18 N.A. 5.98 32,299 N.A. 23,769
l Plans
^ # ##
Under both the Plans : Growth, Normal Dividend & Dec 31, 14 To Dec 31, 15 7.41 8.66 8.22
Fortnightly Dividend. Both Dividend Options offer Payout Dec 31, 13 To Dec 31, 14 11.18 10.47 8.56
and Reinvestment facility.
greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill
l Minimum Application Amount (Under each Plan / Option) Index. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is
Purchase : ` 5,000 and any amount thereafter. not taken into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning
Additional Purchase : ` 1,000 and any amount thereafter. of a given period. N.A.: Not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46.
l Stable returns over short to medium term.
For Tax Benefits / Consequences, Please refer to page 46 l Tomaximize income while maintaining the optimum
¥ Dedicated Fund Manager for Overseas Investments: balance of yield, safety and liquidity by investing in a
Mr Rakesh Vyas (Total Experience - Over 12 years). range of debt and money market instruments of various
maturity dates.

HDFC Short Term Plan (An open-ended income scheme)
To generate regular income through investment in Debt
Securities and Money Market Instruments. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager ¥
Anil Bamboli (since January 13, 04) G-Sec, CD/CP, Credit Exposure Sadbhav Infrastructure Project Ltd CARE - A+(SO) 3.43
Tata Motors Finance Ltd. CRISIL - AA 6.14 National Bank for Agriculture
l Inception Date (Date of Allotment) & Rural Development CRISIL - AAA 2.80
February 28, 2002 Vedanta Ltd. CRISIL - AA- 5.92
Aditya Birla Retail Ltd CRISIL - A- 2.78
NAV NAV per Unit (`) Housing Development Finance
Corporation Ltd.£ CRISIL - AAA 4.80 Total of Top Ten Holdings 42.27
Regular Plan - Dividend Option 12.4280
HPCL-Mittal Energy Limited FITCH - AA 4.40 Total G-Sec, CD/CP, Credit Exposure 93.09
Regular Plan - Monthly Dividend Option 10.3768
Direct Plan - Dividend Option 12.4272 Nirchem Cement Limited CRISIL - AA 4.35 Cash, Cash Equivalents and
Direct Plan - Monthly Dividend Option 10.3443 Net Current Assets 6.91
Adani Transmission Limited FITCH - AA+ 4.08
aSSETS UNDER MANAGEMENT (`) IN CRORE Grand Total 100.00
As on January 31, 2017 4,129.07 ICICI Bank Ltd. CARE - A1+ 3.57
Average for Month of January, 2017 4,070.39 For complete portfolio, please visit www.hdfcfund.com
l quantitative data £ Co-sponsor
Sovereign 0.02
l Total Expense Ratio AAA/AAA(SO)/A1+/A1+(SO)
(Weighted Average for the month) € G-Sec 0.02
Regular 1.87% AA+ & Below 71.78
Direct 1.23% Credit Exposure 87.12
Cash, Cash Equivalents and Unrated 2.22
€ Excluding Service Tax on Management Fees. Cash, Cash Equivalents and
l BENCHMARK INDEX Net Current Assets 6.91
CRISIL Short Term Bond Fund Index
l Entry Load
Not Applicable.
l Exit Load
the units (“the limit”) may be redeemed without any exit Cumulative Performance
Load from the date of allotment. Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Any redemption in excess of the above limit shall be subject per Unit Returns Returns Benchmark
to the following exit load: Scheme Benchmark Additional
(`) (%)^ (%)# Returns
n Exit load of 0.75% is payable if units are redeemed / (`) (`)# Benchmark
(%) ##
switched out within 12 months from the date of (`)##
allotment. Dec 31, 15 Last 1 Year 28.8843 10.20 9.83 7.27 11,020 10,983 10,727
l No Exit load is payable if units are redeemed / switched
out after 12 months from the date of allotment. Dec 31, 14 Last 2 Years 26.3782 9.85 9.24 7.75 12,067 11,934 11,609
For further details, please refer to para ‘Exit Load’ on Pg 46. Dec 31, 13 Last 3 Years 23.7727 10.22 9.65 8.02 13,390 13,183 12,603
Feb 28, 02 Since Inception 10.0000 8.11 N.A. 5.98 31,832 N.A. 23,675
l Plans
l Options
^ # ##
Under both the Plans : Growth, Monthly Dividend option &
Normal Dividend. Both Dividend options offer Payout and Dec 31, 15 To Dec 30, 16 10.20 9.83 7.27
Reinvestment facilities. Dec 31, 14 To Dec 31, 15 9.50 8.66 8.22
Dec 31, 13 To Dec 31, 14 10.96 10.47 8.56
Purchase : ` 5,000 and any amount thereafter. greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index.
Additional Purchase : ` 1,000 and any amount thereafter. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
period. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.

¥ Dedicated Fund Manager for Overseas Investments: This product is suitable for investors who are seeking ~ Riskometer
Mr Rakesh Vyas (Total Experience - Over 12 years). l Regular income over short to medium term.
l Investment in debt and money market instruments with
a short to medium term maturity (average maturity
profile of 1-3 years).

HDFC Short Term Opportunities Fund (An open-ended income scheme)
To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with Issuer Rating % to Issuer Rating % to
maturities not exceeding 36 months. NAV NAV
l Fund Manager ¥ G-Sec, SDL, CD/CP, Credit Exposure Small Industries Development
Bank of India CARE - AAA 4.54
Anil Bamboli (since June 25, 10) Government Securities Sovereign 11.45
Total Experience: Over 22 years Reliance Jio Infocomm Limited CRISIL - AAA 3.92
Housing Development Finance
Corporation Ltd.£ CRISIL - AAA 10.61 Export - Import Bank of India CRISIL - AAA 2.84
National Bank for Agriculture & Cholamandalam Investment and
June 25, 2010
Rural Development CRISIL - AAA 9.18 Finance Company Ltd. ICRA - AA 2.58
NAV NAV per Unit (`) Total of Top Ten Holdings 65.15
Power Finance Corporation Ltd. CRISIL - AAA 7.52
Regular Plan - Growth Option 17.8327 Total G-Sec, SDL, CD/CP, Credit Exposure 97.21
Regular Plan - Fortnightly Dividend Option 10.2301 ONGC Petro additions Limited
Regular Plan - Normal Dividend Option 11.9901 (OPAL) CRISIL - AAA(SO) 6.37 Cash, Cash Equivalents and Net Current Assets 2.79
Direct Plan - Growth Option 17.9399 LIC Housing Finance Ltd. CARE - AAA / Grand Total 100.00
Direct Plan - Fortnightly Dividend Option 10.2905 CRISIL - AAA 6.14
Direct Plan - Normal Dividend Option 11.9930 For complete portfolio, please visit www.hdfcfund.com
aSSETS UNDER MANAGEMENT (`) IN CRORE £ Co-sponsor
As on January 31, 2017 9,315.71
l quantitative data
Modified Duration * 1.35 years Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
G-Sec, SDL 11.45 Sovereign 11.45
(Weighted Average for the month) € CD/CP 3.49 AAA/AAA(SO)/A1+/A1+(SO)
Direct 0.21% Cash, Cash Equivalents and
€ Excluding Service Tax on Management Fees. Net Current Assets 2.79
l BENCHMARK INDEX
l Entry Load
Not Applicable.
l Exit Load
Nil
l Plans per Unit Returns Returns Benchmark
(`) (%)^ (%)# Returns
Regular Plan, Direct Plan (`)# Benchmark
(%) ##
(`)##
l Options
Dec 31, 15 Last 1 Year 16.1799 9.31 9.83 7.27 10,931 10,983 10,727
Under Each Plan: Growth, Fortnightly Dividend & Normal
Dividend. Both Dividend options offer Payout and Dec 31, 14 Last 2 Years 14.8852 9.00 9.24 7.75 11,882 11,934 11,609
Reinvestment facilities. Dec 31, 13 Last 3 Years 13.4818 9.47 9.65 8.02 13,118 13,183 12,603
Jun 25, 10 Since Inception 10.0000 9.14 8.63 7.04 17,686 17,161 15,584
Additional Purchase : ` 1,000 and any amount thereafter. Period Scheme Benchmark Additional Benchmark
^ # ##
Dec 31, 15 To Dec 30, 16 9.31 9.83 7.27
Dec 31, 14 To Dec 31, 15 8.70 8.66 8.22
For Tax Benefits / Consequences, Please refer to page 46 Dec 31, 13 To Dec 31, 14 10.41 10.47 8.56
Mr Rakesh Vyas (Total Experience - Over 12 years). ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill
Index. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is
not taken into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning
of a given period. For performance of other schemes managed by Anil Bamboli, please refer page 46.

l Regular income over short to medium term.
l Investment in debt and money market instruments and
government securities with maturities not exceeding
36 months.
Investors understand that their principal will be at moderately low risk

HDFC Medium Term Opportunities Fund (An open-ended income scheme)
To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with Issuer Rating % to Issuer Rating % to
maturities not exceeding 60 months. NAV NAV
l Fund Manager ¥ SDL, Credit Exposure Rural Electrification

Corporation Ltd. CRISIL - AAA 4.84
Anupam Joshi (since October 27, 15) Government Securities Sovereign 23.45
Total Experience: Over 15 years ONGC Petro additions Limited
Power Finance Corporation Ltd. CARE - AAA /
CRISIL - AAA 10.76 (OPAL) CRISIL - AAA(SO) 4.50
Housing Development Finance NTPC Ltd. CRISIL - AAA /
June 29, 2010
Corporation Ltd.£ CRISIL - AAA 10.36 ICRA - AAA 3.95
NAV NAV per Unit (`) LIC Housing Finance Ltd. CARE - AAA / Total of Top Ten Holdings 85.19
Regular Plan - Growth Option 18.0411 CRISIL - AAA 9.52
Regular Plan - Dividend Option 12.2706 National Highways Authority Total SDL, Credit Exposure 96.69
Regular Plan - Quarterly Dividend Option 10.4222 of India CRISIL - AAA 7.22
Direct Plan - Growth Option 18.1095 Cash, Cash Equivalents and Net Current Assets 3.31
Direct Plan - Dividend Option 12.4282 Bajaj Finance Ltd. FITCH - AAA 5.38
Grand Total 100.00
Direct Plan - Quarterly Dividend Option 10.4970 Power Grid Corporation
of India Ltd. CRISIL - AAA 5.21 For complete portfolio, please visit www.hdfcfund.com
As on January 31, 2017 9,400.67 £ Co-sponsor
Yield to Maturity * 7.12% SDL 23.45 Sovereign 23.45
* Computed on the invested amount. Credit Exposure 73.24 AAA/AAA(SO)/A1+/A1+(SO)
& Equivalent 73.24
l Total Expense Ratio Cash, Cash Equivalents and
(Weighted Average for the month) € Net Current Assets 3.31
Regular 0.31%
Direct 0.26%
l BENCHMARK INDEX
CRISIL Composite Bond Fund Index
l Entry Load
Not Applicable. Cumulative Performance
l Exit Load per Unit Returns Returns Benchmark
(`) (%)^ (%)# Returns
Nil (`)# Benchmark
(%) ##
(`)##
l Plans Dec 31, 15 Last 1 Year 16.1105 10.63 12.93 14.97 11,063 11,293 11,497
Dec 31, 14 Last 2 Years 14.8332 9.62 10.76 11.12 12,016 12,268 12,347
l Options Dec 31, 13 Last 3 Years 13.3696 10.06 11.93 12.12 13,332 14,023 14,093
Under both the Plans: Growth, Quarterly Dividend & Jun 29, 10 Since Inception 10.0000 9.28 8.83 7.53 17,824 17,344 16,043
Normal Dividend. Both Dividend options offer Payout and Discrete 12 month Returns (%)
Reinvestment facilities.
^ # ##
Dec 31, 15 To Dec 30, 16 10.63 12.93 14.97
Additional Purchase : ` 1,000 and any amount thereafter. Dec 31, 14 To Dec 31, 15 8.61 8.63 7.39
Dec 31, 13 To Dec 31, 14 10.95 14.31 14.14
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt
Index. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is
For Tax Benefits / Consequences, Please refer to page 46 not taken into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning
¥ Dedicated Fund Manager for Overseas Investments: of a given period. For performance of other schemes managed by Anupam Joshi, please refer page 46.

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

HDFC Gilt Fund Short Term Plan (An open-ended income scheme)
To generate credit risk-free returns through investments in
sovereign securities issued by the Central Government and/ Issuer Rating % to Issuer Rating % to
or State Government. NAV NAV
l Fund Manager ¥ G-Sec, SDL 8.12 GOI 2020 Sovereign 4.49

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

As on January 31, 2017 470.49
l quantitative data
G-Sec, SDL 90.97 Sovereign 90.97
Regular 0.38%
Direct 0.13% Cash, Cash Equivalents and Cash, Cash Equivalents and
Net Current Assets 9.03 Net Current Assets 9.03
l BENCHMARK INDEX
I-Sec Si-Bex
l Entry Load
Not Applicable.
l Exit Load
Nil
l Plans Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Regular Plan, Direct Plan per Unit Returns Returns Benchmark
l Options (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
Under both the Plans: Growth & Dividend Option (Dividend (`)##
Option offers Dividend Payout and Reinvestment facility. Dec 31, 15 Last 1 Year 24.1827 11.92 9.12 7.27 11,192 10,912 10,727
Dec 31, 14 Last 2 Years 22.2374 10.32 9.07 7.75 12,171 11,896 11,609
Additional Purchase : ` 1,000 and any amount thereafter. Jul 25, 01 Since Inception 10.0000 6.66 N.A. 6.11 27,065 N.A. 24,973

Normally despatched within 3-4 Business Days. Period Scheme Benchmark Additional Benchmark
^ # ##
Mr Rakesh Vyas (Total Experience - Over 12 years). Dec 31, 14 To Dec 31, 15 8.75 9.02 8.22
Dec 31, 13 To Dec 31, 14 10.22 9.37 8.56
greater than 1 year period are compounded annualized (CAGR). # I-Sec Si-Bex ## CRISIL 1 year T-Bill Index. Performance of dividend
option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration
for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not
Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.

l Credit risk free returns over short to medium term.
l Investment in sovereign securities issued by Central
/ State Government with short to medium term
maturities.

HDFC Gilt Fund Long Term Plan (An open-ended income scheme)
To generate credit risk-free returns through investments in
sovereign securities issued by the Central Government and/ Issuer Rating % to Issuer Rating % to
or State Government. NAV NAV
l Fund Manager ¥ G-Sec, SDL 7.61 GOI 2030 Sovereign 3.19

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

As on January 31, 2017 2,868.21
l quantitative data
Modified Duration * 8.26 years Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
(Weighted Average for the month) € G-Sec, SDL 87.45 Sovereign 87.45
Regular 0.82% Cash, Cash Equivalents and Cash, Cash Equivalents and
Direct 0.37% Net Current Assets 12.55 Net Current Assets 12.55
l BENCHMARK INDEX
I-Sec Li-Bex
l Entry Load
Not Applicable.
l Exit Load
Nil
l Plans Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Regular Plan, Direct Plan per Unit Returns Returns Benchmark
l Options (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
Under both the Plans: Growth & Dividend Option (Dividend (`)##
Option offers Dividend Payout and Reinvestment facility. Dec 31, 15 Last 1 Year 29.2066 16.57 16.76 14.97 11,657 11,676 11,497
Dec 31, 14 Last 2 Years 27.5777 11.11 12.03 11.12 12,345 12,550 12,347
Additional Purchase : ` 1,000 and any amount thereafter. Jul 25, 01 Since Inception 10.0000 8.26 N.A. N.A. 34,045 N.A. N.A.

Normally despatched within 3-4 Business Days. Period Scheme Benchmark Additional Benchmark
^ # ##
Mr Rakesh Vyas (Total Experience - Over 12 years). Dec 31, 14 To Dec 31, 15 5.91 7.48 7.39
Dec 31, 13 To Dec 31, 14 19.03 19.74 14.14
greater than 1 year period are compounded annualized (CAGR). # I-Sec Li-Bex ## CRISIL 10 year Gilt Index. Performance of dividend
option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration
for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not
Available. For performance of other schemes managed by Anil Bamboli, please refer page 46.

l Credit risk free returns over medium to long term.
l Investment in sovereign securities issued by Central /
State Government with medium to long term maturities.

HDFC Floating Rate Income Fund Short Term Plan (An open-ended income scheme)
To generate regular income through investment in a portfolio
comprising substantially of floating rate debt / money market Issuer Rating % to Issuer Rating % to
instruments, fixed rate debt / money market instruments NAV NAV
swapped for floating rate returns, and fixed rate debt
securities and money market instruments. G-Sec, SDL, T-bills, CD/CP, Credit Exposure Rural Electrification
Corporation Ltd. CRISIL - AAA 3.92
l Fund Manager ¥ Power Finance Corporation Ltd. CRISIL - AAA 10.72
Shobhit Mehrotra (since February 16, 04) Indiabulls Housing Finance Ltd. CARE - AAA 3.07
National Bank for Agriculture
& Rural Development CRISIL - AAA 8.58 Adani Ports and Special FITCH - AA+ /
l Inception Date (Date of Allotment) Economic Zone Ltd. ICRA - A1+, AA+ 2.78
ONGC Petro additions Limited
January 16, 2003 (OPAL) CRISIL - AAA(SO) 8.11 Total of Top Ten Holdings 62.57
Axis Bank Ltd. CRISIL - A1+, AA 7.70
Retail Option Total G-Sec, SDL, T-bills, CD/CP, Credit Exposure 96.79
Regular Plan - Growth Option 27.2130 Housing Development Finance
Regular Plan - Daily Dividend Reinvestment Option 10.0809 Corporation Ltd.£ CRISIL - AAA 6.97 Cash, Cash Equivalents and Net Current Assets 3.21
Regular Plan - Weekly Dividend Option 10.1379
Regular Plan - Monthly Dividend Option 10.1466 State Bank of India CRISIL - AA+ 6.71 Grand Total 100.00
Wholesale Option
Regular Plan - Growth Option 28.0029 ICICI Bank Ltd. CARE - A1+ 4.01 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Daily Dividend Reinvestment Option 10.0809 £ Co-sponsor
Direct Plan - Growth Option 28.0872 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Direct Plan - Daily Dividend Reinvestment Option 10.0809
Direct Plan - Weekly Dividend Option 10.1379
G-Sec, SDL, T-bills 2.35 Sovereign 2.35
aSSETS UNDER MANAGEMENT (`) IN CRORE CD/CP 19.91 AAA/AAA(SO)/A1+/A1+(SO)
As on January 31, 2017 13,615.76 Credit Exposure 74.53 & Equivalent 71.49
Average for Month of January, 2017 13,834.01 AA+ & Below 22.95
l quantitative data Net Current Assets 3.21
Regular 0.29%
Direct 0.19%
l BENCHMARK INDEX (`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
Crisil Liquid Fund Index (`)##
l Entry Load Dec 31, 15 Last 1 Year 25.4886 8.99 7.48 7.27 10,899 10,748 10,727
Not Applicable. Dec 31, 14 Last 2 Years 23.4195 8.91 7.86 7.75 11,861 11,633 11,609
Dec 31, 13 Last 3 Years 21.4046 9.08 8.31 8.02 12,978 12,705 12,603
l Exit Load
Oct 23, 07 Since Inception 13.1821 8.44 7.63 6.47 21,073 19,666 17,792
Nil
Under both the Plans: Growth & Dividend Option. The Dec 31, 14 To Dec 31, 15 8.83 8.23 8.22
Dividend Option offers Daily Dividend Option (with
Dec 31, 13 To Dec 31, 14 9.41 9.21 8.56
Reinvestment facility only) and Weekly and Monthly Dividend
Option (with Payout and Reinvestment facility). ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill Index.
l Minimum Application Amount (Under each Plan / Option) Since Inception returns are calculated on ` 13.1821 (allotment price). Performance of dividend option under the schemes for the
investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
Purchase : ` 10 lakh and any amount thereafter. @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
Additional Purchase : ` 1 and any amount thereafter. by Shobhit Mehrotra, please refer page 46.
l Regular income over short term.
¥ Dedicated Fund Manager for Overseas Investments: l Investment in floating rate debt / money market
Mr Rakesh Vyas (Total Experience - Over 12 years). instruments, fixed rate debt / money market instruments
swapped for floating rate returns and fixed rate debt
and money market instruments of short term maturities
with higher liquidity.

HDFC Floating Rate Income Fund Long Term Plan (An open-ended income scheme)
To generate regular income through investment in a portfolio
comprising substantially of floating rate debt / money market Issuer Rating % to Issuer Rating % to
instruments, fixed rate debt / money market instruments NAV NAV
swapped for floating rate returns, and fixed rate debt G-Sec, CD/CP, Credit Exposure National Bank for Agriculture &
securities and money market instruments. Rural Development CRISIL - A1+ 5.85
Government Securities Sovereign 35.94
l Fund Manager ¥ Housing Development Finance Axis Bank Ltd. CRISIL - A1+ 4.87
Shobhit Mehrotra (since February 16, 04) Corporation Ltd.£ CRISIL - AAA 11.67 Bank of Maharashtra CRISIL - A1+ 1.94
Total Experience: Over 22 years LIC Housing Finance Ltd. CARE - AAA /
CRISIL - AAA 11.08
l Inception Date (Date of Allotment) Total G-Sec, CD/CP, Credit Exposure 98.03
Corporation Bank CRISIL - A1+ 6.96
January 16, 2003
National Housing Bank CRISIL - AAA 6.74 Cash, Cash Equivalents and Net Current Assets 1.97
NAV NAV per Unit (`) Power Finance Corporation Ltd. CRISIL - AAA 6.56 Grand Total 100.00
Regular Plan - Growth Option 28.5688 Canara Bank CRISIL - A1+ 6.42 For complete portfolio, please visit www.hdfcfund.com
Regular Plan - Normal Dividend Option 11.7665 £ Co-sponsor
Direct Plan - Weekly Dividend Option 10.5273

As on January 31, 2017 1,931.52
Average for Month of January, 2017 1,929.09 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
l quantitative data
G-Sec 35.94 Sovereign 35.94
Modified Duration * 2.46 years CD/CP 26.04 AAA/AAA(SO)/A1+/A1+(SO)
Yield to Maturity * 6.74% Credit Exposure & Equivalent 62.09
36.05
* Computed on the invested amount. Cash, Cash Equivalents and
Regular 0.25%
Direct 0.20%
l BENCHMARK INDEX
Crisil Liquid Fund Index
l Entry Load Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
Not Applicable. Scheme (`) Benchmark Additional
(`) (%)^ (%)# Returns
(`)# Benchmark
l Exit Load (%) ##
(`)##
l In respect of each purchase / switch-in of Units, an Exit Dec 31, 15 Last 1 Year 25.7330 10.29 7.48 7.27 11,029 10,748 10,727
Dec 31, 14 Last 2 Years 23.8495 9.09 7.86 7.75 11,900 11,633 11,609
out within 3 months from the date of allotment.
l No Exit Load is payable if Units are redeemed / switched- Dec 31, 13 Last 3 Years 21.8172 9.16 8.31 8.02 13,009 12,705 12,603
out after 3 months from the date of allotment. Jan 16, 03 Since Inception 10.0104 7.75 6.83 5.93 28,352 25,156 22,365
For further details, please refer to para ‘Exit Load’ on Pg 46. Discrete 12 month Returns (%)
^ # ##
Dec 31, 15 To Dec 30, 16 10.29 7.48 7.27
l Options
Dec 31, 14 To Dec 31, 15 7.90 8.23 8.22
Under both the Plans: Growth, Weekly Dividend Reinvestment
Dec 31, 13 To Dec 31, 14 9.32 9.21 8.56
Option and Normal Dividend Option (with Payout facility).
l Minimum Application Amount (Under each Plan / Option) Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill Index.
Since Inception returns are calculated on ` 10.0104 (allotment price). Performance of dividend option under the schemes for the
Purchase : ` 5,000 and any amount thereafter. investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
Additional Purchase : ` 1,000 and any amount thereafter. @ shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed
by Shobhit Mehrotra, please refer page 46.
For Tax Benefits / Consequences, Please refer to page 46 l Regular income over short to medium term.
¥ Dedicated Fund Manager for Overseas Investments: l Investment in floating rate debt / money market
Mr Rakesh Vyas (Total Experience - Over 12 years). instruments, fixed rate debt / money market instruments
swapped for floating rate returns and fixed rate
debt and money market instruments of longer term
maturities.

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

Face Value per Unit: ` 1,000, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of January 31, 2017 unless otherwise specified.
HDFC Cash Management Fund Savings Plan (An open-ended high liquidity income scheme)
To generate optimal returns while maintaining safety and
high liquidity. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager ¥
T-bills, CD/CP, Credit Exposure Indiabulls Housing Finance Ltd. CRISIL - A1+ 3.66
Anil Bamboli (since July 25, 12)
Total Experience: Over 22 years Government Securities Sovereign 17.39 Indusind Bank Ltd. CRISIL - A1+ 3.62
l Inception Date (Date of Allotment) National Bank for Agriculture &
Rural Development CRISIL - A1+ 8.69 IDFC Bank Ltd. CRISIL - A1+ 3.59
November 18, 1999
Rural Electrification Total of Top Ten Holdings 61.99
l NAV^^ NAV per Unit (`) Corporation Ltd. CRISIL - AAA 6.94
Regular Plan - Growth Option 3,344.1707 Total T-bills, CD/CP, Credit Exposure 90.98
Regular Plan - Small Industries Development
Daily Dividend Reinvestment Option 1,063.6400 Bank of India CARE - A1+, AAA 6.16
Regular Plan - Weekly Dividend Option 1,063.2124 Cash, Cash Equivalents and Net Current Assets 9.02
Direct Plan - Growth Option 3,359.5364 Tata Motors Finance Ltd. ICRA - A1+ 4.56
Direct Plan - Daily Dividend Reinvestment Option 1,063.6400 Steel Authority of India Ltd. FITCH - A1+ 3.72 Grand Total 100.00
Direct Plan - Weekly Dividend Option 1,063.2359
Vedanta Ltd. CRISIL - A1+ 3.66 For complete portfolio, please visit www.hdfcfund.com
As on January 31, 2017 8,166.69
Average Maturity * 42 days
Modified Duration * 40 days
Yield to Maturity * 6.48% Sovereign 17.39
T-bills 17.39 AAA/AAA(SO)/A1+/A1+(SO)
* Computed on the invested amount. CD/CP 61.32 & Equivalent 73.34
(Weighted Average for the month) € Cash, Cash Equivalents and Cash, Cash Equivalents and
Net Current Assets 9.02 Net Current Assets 9.02
Regular 0.32%
Direct 0.12%
l BENCHMARK INDEX
CRISIL Liquid Fund Index
l Entry Load
Not Applicable. per Unit Returns Returns Benchmark
(`) (%)^$$ (%)# Returns
l Exit Load (`)# Benchmark
(%) ##
Nil (`)##
Dec 23, 16 Last 7 days 3,321.3938 0.13 0.13 0.08 10,013 10,013 10,008
l Plans Dec 15, 16 Last 15 days 3,317.0657 0.26 0.25 0.17 10,026 10,025 10,017
Regular Plan, Direct Plan Nov 30, 16 Last 1 Month 3,309.1078 0.50 0.48 0.19 10,050 10,048 10,019
l Options Dec 31, 15 Last 1 Year 3,094.2268 7.48 7.48 7.27 10,748 10,748 10,727
Dec 31, 14 Last 2 Years 2,857.8100 7.88 7.86 7.75 11,637 11,633 11,609
Each Plan offers Growth and Daily Dividend Option (with
Reinvestment facility only). Weekly Dividend Option (with Dec 31, 13 Last 3 Years 2,620.1700 8.27 8.31 8.02 12,693 12,705 12,603
Payout and Reinvestment facility). Nov 18, 99 Since Inception 1,000.0000 7.29 N.A. 6.49 33,371 N.A. 29,343
l Minimum Application Amount (Under each Plan / Option) Period Scheme Benchmark Additional Benchmark
Purchase : Under Growth Option and Weekly Dividend Option ^$$ # ##
: ` 5,000 and any amount thereafter. Under Daily Dividend Dec 31, 15 To Dec 30, 16 7.48 7.48 7.27
Option : ` 10,000 and any amount thereafter
Dec 31, 14 To Dec 31, 15 8.27 8.23 8.22
Additional Purchase : Under Growth Option and Weekly
Dividend Option : ` 1,000 and any amount thereafter. Under Dec 31, 13 To Dec 31, 14 9.07 9.21 8.56
Daily Dividend Option : ` 5,000 and any amount thereafter ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index. $$ All
l Redemption Proceeds dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units
of the Scheme at the then prevailing NAV (ex-dividend NAV). Performance of dividend option under the schemes for the investors
Normally despatched within 1 Business Day. would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. @ shows the
current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available. For performance of other schemes
For Tax Benefits / Consequences, Please refer to page 46 managed by Anil Bamboli, please refer page 46.
l Optimal returns over short term.
^^ Calculated on all calendar days.
l Investment in debt and money market instruments with
maturity of upto 91 days only.
Investors understand that their principal will be at low risk

Face Value per Unit: ` 1,000, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of January 31, 2017 unless otherwise specified.
HDFC Cash Management Fund Treasury Advantage Plan (An open-ended income scheme)
To generate regular income through investment in debt
securities and money market instruments. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager ¥
Anupam Joshi (since October 27, 15) G-Sec, SDL, CD/CP, Credit Exposure Rural Electrification
Total Experience: Over 15 years Corporation Ltd. CRISIL - AAA 4.23
l Inception Date (Date of Allotment) Nirchem Cement Limited CRISIL - AA 2.79
November 18, 1999 ONGC Petro Additions Limited Petronet LNG Ltd. CRISIL - AA+ 2.71
(OPAL) CRISIL - AAA(SO) 6.91
l NAV NAV per Unit (`) Axis Bank Ltd. CRISIL - A1+, AA 2.47
Retail Option National Bank for Agriculture & Total of Top Ten Holdings 49.49
Regular Plan - Growth Option 34.0925 Rural Development CRISIL - A1+, AAA 6.41
Regular Plan - Daily Dividend Reinvestment Option 10.1428 Total G-Sec, SDL, CD/CP, Credit Exposure 96.94
Regular Plan - Weekly Dividend Option 10.1604 State Bank of India CRISIL - AA+, AAA 5.27
Regular Plan - Monthly Dividend Option 10.1424 Cash, Cash Equivalents and
Direct Plan - Growth Option 35.1125 Government Securities Sovereign 5.00 Net Current Assets 3.06
Direct Plan - Daily Dividend Reinvestment Option 10.0655
Direct Plan - Weekly Dividend Option 10.1901 Grand Total 100.00
Housing Development Finance
Direct Plan - Monthly Dividend Option 10.1451 Corporation Ltd.£ CRISIL - AAA 4.56 For complete portfolio, please visit www.hdfcfund.com
Wholesale Option
Regular Plan - Growth Option 35.7438 £ Co-sponsor
Regular Plan - Daily Dividend Reinvestment Option 10.1574
Sovereign 5.00
As on January 31, 2017 12,351.27
G-Sec, SDL 5.00 AAA/AAA(SO)/A1+/A1+(SO)
l quantitative data
Cash, Cash Equivalents and Unrated 0.18
Modified Duration * 1.48 years Net Current Assets 3.06 Cash, Cash Equivalents and
Yield to Maturity * 7.47% Net Current Assets 3.06
Regular 0.95%
Direct 0.25%
l BENCHMARK INDEX Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
CRISIL Liquid Fund Index per Unit Returns Returns Benchmark
(`) (%)^ (%)# Returns
l Entry Load (`)# Benchmark
(%) ##
Not Applicable. (`)##
Dec 31, 15 Last 1 Year 31.1351 8.62 7.48 7.27 10,862 10,748 10,727
l Exit Load
Dec 31, 14 Last 2 Years 28.9181 8.14 7.86 7.75 11,694 11,633 11,609
Nil
Dec 31, 13 Last 3 Years 26.6762 8.23 8.31 8.02 12,677 12,705 12,603
l Plans
Nov 18, 99 Since Inception 10.0000 7.37 N.A. 6.49 33,818 N.A. 29,343
l Options
Retail Option: Each Plan offers Growth and Dividend
^ # ##
Option. Dividend Option offers Daily Dividend Option with
Reinvestment facility only and Weekly and Monthly Dividend Dec 31, 15 To Dec 30, 16 8.62 7.48 7.27
Option with Payout and Reinvestment facility. Dec 31, 14 To Dec 31, 15 7.67 8.23 8.22
Retail Option : Growth, Weekly and Monthly Dividend Option: ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option.
Purchase : ` 5,000 and any amount thereafter. Additional Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index.
Purchase : ` 1,000 and any amount thereafter. Daily Dividend Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
Option : Purchase : ` 10,000 and any amount thereafter. into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
Additional Purchase : ` 5,000 and any amount thereafter. period. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 46.
l Regular income over short term.
¥ Dedicated Fund Manager for Overseas Investments: l Investment in debt and money market instruments.
^^ Calculated on all calendar days.

HDFC Corporate Debt Opportunities Fund (An open-ended income scheme)
To generate regular income and capital appreciation by
investing predominantly in corporate debt. Issuer Rating % to Issuer Rating % to
NAV NAV
l Fund Manager ¥
Shobhit Mehrotra (since March 25, 14) CD/CP, Credit Exposure Tata Motors Finance Ltd. CRISIL - AA /
Total Experience: Over 22 years ICRA - A1+ 2.63
l Inception Date (Date of Allotment) Tata Realty and Infrastructure Ltd. CRISIL - AA 2.49
HPCL-Mittal Energy Limited FITCH - AA 4.92
March 25, 2014
Tata Power Co. Ltd. CRISIL - AA- 4.67 Nirchem Cement Limited CRISIL - AA 2.39
Regular Plan - Growth Option 13.4720 Rural Electrification CARE - AAA / Total of Top Ten Holdings 35.42
Regular Plan - Dividend Option 12.4047 Corporation Ltd. CRISIL - AAA 3.60
Regular Plan - Half-yearly Dividend Option 10.8542 Total CD/CP, Credit Exposure 94.20
Direct Plan - Growth Option 13.8149 Adani Transmission Limited FITCH - AA+ 3.07
Direct Plan - Dividend Option 12.1097 Cash, Cash Equivalents and Net Current Assets 5.80
Tata Steel Ltd. BRICKSWORKS -
Direct Plan - Half-yearly Dividend Option 10.8887
AA- / BRICKWORKS
aSSETS UNDER MANAGEMENT (`) IN CRORE - AA, AA- 3.00 Grand Total 100.00
As on January 31, 2017 10,491.07 Reliance Jio Infocomm Limited CRISIL - AAA 2.83 For complete portfolio, please visit www.hdfcfund.com
l quantitative data
HDFC Corporate Debt Opportunities Fund
l Total Expense Ratio AAA/AAA(SO)/A1+/A1+(SO)
(Weighted Average for the month) € CD/CP 4.07
Direct 0.92% Cash, Cash Equivalents and
Net Current Assets 5.80 Unrated 1.33
€ Excluding Service Tax on Management Fees. Cash, Cash Equivalents and
l BENCHMARK INDEX Net Current Assets 5.80
Crisil Short Term Bond Fund Index
l Entry Load
Not Applicable.
l Exit Load
the units (“the limit”) may be redeemed without any exit Cumulative Performance
Load from the date of allotment Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@
l Any redemption in excess of the above limit shall be subject
to the following exit load: per Unit Returns Returns Benchmark
n In respect of each purchase / switch-in of Units, an (`) (%)^ (%)# Returns
(`)# Benchmark
Exit Load of 2.00% is payable if Units are redeemed / (%) ##
(`)##
switched-out within 12 months from the date of
allotment Dec 31, 15 Last 1 Year 11.9850 10.96 9.83 14.97 11,096 10,983 11,497
n In respect of each purchase / switch-in of Units, an Dec 31, 14 Last 2 Year 10.9945 9.98 9.24 11.12 12,095 11,934 12,347
Exit Load of 1.00% is payable if Units are redeemed /
switched-out after 12 months but within 24 months Mar 25, 14 Since Inception 10.0000 10.84 9.59 12.28 13,298 12,888 13,781
from the date of allotment Discrete 12 month Returns (%)
n In respect of each purchase / switch-in of Units, an
Exit Load of 0.50% is payable if Units are redeemed / Period Scheme Benchmark Additional Benchmark
switched-out after 24 months but within 36 months ^ # ##
from the date of allotment. Dec 31, 15 To Dec 30, 16 10.96 9.83 14.97
l No Exit Load is payable if Units are redeemed / switchedout
after 36 months from the date of allotment. Dec 31, 14 To Dec 31, 15 9.01 8.66 7.39
For further details, please refer to para ‘Exit Load’ on Pg 46. ^Past performance may or may not be sustained in the future. The above returns are for Regular Plan - Growth Option. Returns
greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## CRISIL 10 year Gilt Index.
l Plans Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
Regular Plan, Direct Plan into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
l Options period. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46.
Under Each Plan: Growth, Half Yearly Dividend and
Normal Dividend. Both Dividend options offers Payout and
Reinvestment facilities.
l To generate regular income and capital appreciation
l Redemption Proceeds by investing predominantly in corporate debt.
HDFC Banking and PSU Debt Fund (An open-ended income scheme)
To generate regular income through investments in debt
and money market instruments consisting predominantly of Issuer Rating % to Issuer Rating % to
securities issued by entities such as Scheduled Commercial NAV NAV
Banks and Public Sector undertakings. There is no assurance
G-Sec, SDL, CD/CP, Credit Exposure Bank of India BRICKWORKS - AA-
that the investment objective of the Scheme will be realized.
/ CRISIL - A+ 4.37
l Fund Manager ¥ Union Bank of India FITCH - AA 4.20
Anil Bamboli (since Mar 26, 14) Mahanagar Telephone CARE - AAA(SO) / National Bank for Agriculture &
Total Experience: Over 22 years Nigam Ltd. CRISIL - AAA(SO) 8.08 Rural Development CRISIL - AAA 3.93
l Inception Date (Date of Allotment) Syndicate Bank CARE - AA- 6.98 Total of Top Ten Holdings 60.53
March 26, 2014 Export - Import Bank of India CRISIL - AAA 6.98 Total G-Sec, SDL, CD/CP, Credit Exposure 94.06
NAV NAV per Unit (`) Food Corporation of India CRISIL - AAA(SO) 6.04 Cash, Cash Equivalents and
Regular Plan - Growth Option 13.1540 Net Current Assets 5.94
Power Grid Corporation of
Regular Plan - Dividend Option 10.2628 India Ltd. CRISIL - AAA 5.60
Direct Plan - Growth Option 13.2069 Grand Total 100.00
Direct Plan - Dividend Option 10.3085 Rural Electrification
Corporation Ltd. CRISIL - AAA 4.97 For complete portfolio, please visit www.hdfcfund.com
As on January 31, 2017 3,235.93
Modified Duration * 3.39 years Sovereign 2.15
G-Sec, SDL 2.15
CD/CP 2.27 AAA/AAA(SO)/A1+/A1+(SO)
* Computed on the invested amount. & Equivalent 59.68
Credit Exposure 89.64
l Total Expense Ratio AA+ & Below 32.23
(Weighted Average for the month) € Net Current Assets 5.94 Cash, Cash Equivalents and
Regular 0.70% Net Current Assets 5.94
Direct 0.25%
l BENCHMARK INDEX
l Entry Load
Not Applicable.
l Exit Load per Unit Returns Returns Benchmark
(`) (%)^ (%)# Returns
Nil (`)# Benchmark
(%) ##
(`)##
l Plans
Dec 31, 15 Last 1 Year 11.7371 10.83 9.83 7.27 11,083 10,983 10,727
Regular Plan, Direct Plan Dec 31, 14 Last 2 Year 10.6939 10.29 9.24 7.75 12,164 11,934 11,609
l Options Mar 26, 14 Since Inception 10.0000 9.97 9.60 8.00 13,008 12,887 12,373
Under Each Plan: Growth & Dividend. The Dividend Option Discrete 12 month Returns (%)
offers Dividend Payout and Reinvestment facility. Period Scheme Benchmark Additional Benchmark
^ # ##
Dec 31, 15 To Dec 30, 16 10.83 9.83 7.27
Dec 31, 14 To Dec 31, 15 9.76 8.66 8.22
Normally despatched within 3-4 Business Days. greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index.
Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken
For Tax Benefits / Consequences, Please refer to page 46 into consideration for computation of performance. @ shows the current value of ` 10,000/- invested at the beginning of a given
¥ Dedicated Fund Manager for Overseas Investments: period. For performance of other schemes managed by Anil Bamboli, please refer page 46.

l Investments in debt and money market instruments
consisting predominantly of securities issued by
Scheduled Commercial Banks and Public Sector
undertakings.

Performance details of Schemes managed by respective Fund Managers
Sr. No. Name of the Fund Manager Funds Managed Page no.
1 Mr. Prashant Jain HDFC Equity Fund 05
HDFC Top 200 Fund 06
HDFC Infrastructure Fund 15
HDFC Prudence Fund 21
HDFC MF Monthly Income Plan - LTP 28
2 Mr. Vinay Kulkarni HDFC Core & Satellite Fund 08
HDFC Premier Multi-Cap Fund 09
HDFC Large Cap Fund 10
HDFC TaxSaver 14
HDFC MF Monthly Income Plan - STP 27
HDFC Equity Savings Fund (Co-managed scheme) 29
Close ended schemes (Co-managed schemes) 66-67
3 Mr. Srinivas Rao Ravuri HDFC Growth Fund 04
HDFC Infrastructure Fund 15
Close ended schemes 47
4 Mr. Chirag Setalvad HDFC Capital Builder Fund 07
HDFC Mid-Cap Opportunities Fund 11
HDFC Small Cap Fund 12
HDFC Long Term Advantage Fund 13
HDFC Balanced Fund 20
HDFC Children’s Gift Fund - Investment Plan 22
HDFC Children’s Gift Fund - Savings Plan 23
HDFC Multiple Yield Fund - Plan 2005 30
HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 24
HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 25
HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 26
5 Mr. Miten Lathia HDFC Capital Builder Fund 07
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 67
6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund 16
HDFC Index Fund - Sensex Plan 17
HDFC Index Fund - NIFTY Plan 18
HDFC Index Fund - Sensex Plus Plan 19
HDFC Sensex ETF 66
HDFC NIFTY ETF 66
HDFC Gold Exchange Traded Fund 66
HDFC Gold Fund 66
HDFC Equity Savings Fund (Co-managed scheme) 29
7 Mr. Shobhit Mehrotra HDFC MF Monthly Income Plan - LTP 38
HDFC MF Monthly Income Plan - STP 27
HDFC Income Fund 31
HDFC High Interest Fund - STP 33
HDFC Floating Rate Income Fund - Long Term Plan 40
HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Option 39
HDFC Corporate Debt Opportunities Fund 44
HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 24
HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 25
HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 26
Close ended schemes 47-54
8 Mr. Anil Bamboli HDFC Equity Savings Fund (Co-managed scheme) 29
HDFC Multiple Yield Fund - Plan 2005 30
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 67
HDFC High Interest Fund - Dynamic Plan 32
HDFC Short Term Plan 34
HDFC Short Term Opportunities Fund 35
HDFC Gilt Fund - Short Term Plan 37
HDFC Gilt Fund - Long Term Plan 38
HDFC Cash Management Fund - Savings Plan 42
HDFC Cash Management Fund - Call Plan 54
HDFC Banking and PSU Debt Fund 45
Close ended & Interval schemes 54-65
Co-managed schemes 66-67
9 Mr. Anupam Joshi HDFC Liquid Fund 41
HDFC Medium Term Opportunities Fund 36
HDFC Cash Management Fund - Treasury Advantage Plan 43
For performance details of Direct Plan, refer page 68-95
Exit Load : (i) No exit load shall be levied for switching between Options under the same Plan within a Scheme. (ii) Switch of investments to Direct Plan within the same Scheme shall be subject to
applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investments from the Direct Plan will not be sub-
ject to any exit load. (iii) No exit load shall be levied for switch-out from Direct Plan to other Plan within the same Scheme. However, any subsequent switch-out or redemption of such investment
from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan. (iv) Switch of investments between Plans under a Scheme having separate portfolios,
will be subject to applicable exit load. (v) No exit load will be levied on Bonus Units and Units allotted on Dividend Re-investment. (vi) In case of Systematic Transactions such as SIP, GSIP, STP, Flex
STP, Swing STP, Flexindex; Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Tax Benefits / Consequences : The Dividend Distribution Tax on distribution of income by any other fund (not being an equity oriented fund) to an individual / HUF shall be payable at the rate
of 28.84%* and at the rate of 34.608%* on distribution of income to any other investor. Such income distributed by the Scheme(s) is free from Income–tax in the hands of Investors. Units of the
Scheme(s) are not subject to Wealth-tax and Gift-tax. Unit holders are required to pay Securities Transaction Tax (STT) at the rate of 0.001% at the time of redemption / switch-out of units of an
equity-oriented fund. * including applicable surcharge, education cess and secondary and higher education cess.
Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual
nature of tax consequences, each investor is advised to consult his / her own professional tax advisor.

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

HDFC RAJIV GANDHI EQUITY SAVINGS SCHEME - SERIES II NAV as on December 30, 2016 ` 14.406
A. Cumulative Performance
per Unit Returns Returns Benchmark Scheme (`) Benchmark Additional B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 13.199 9.14 3.57 1.95 10,914 10,357 10,195
Dec 31, 14 Last 2 Years 13.804 2.16 0.10 -1.60 10,436 10,021 9,683 Dec 31, 15 To Dec 30, 16 9.14 3.57 1.95
Mar 14, 14 Since Inception 10.000 13.93 9.73 7.39 14,406 12,968 12,208 Dec 31, 14 To Dec 31, 15 -4.38 -3.25 -5.03
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE 100 ## S&P BSE SENSEX
HDFC FOCUSED EQUITY FUND - PLAN A NAV as on December 30, 2016 ` 10.100
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 9.473 6.62 3.57 1.95 10,662 10,357 10,195 ##
Feb 23, 15 Since Inception 10.000 0.54 -2.86 -4.46 10,100 9,478 9,189 Dec 31, 15 To Dec 30, 16 6.62 3.57 1.95
HDFC FOCUSED EQUITY FUND - PLAN B NAV as on December 30, 2016 ` 10.766
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 9.897 8.78 3.57 1.95 10,878 10,357 10,195 ##
May 06, 15 Since Inception 10.000 4.56 1.15 -0.21 10,766 10,191 9,966 Dec 31, 15 To Dec 30, 16 8.78 3.57 1.95
SHOBHIT MEHROTRA
HDFC FMP 538D NOVEMBER 2013 (1) NAV as on December 30, 2016 ` 12.9175
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.9363 8.22 9.83 7.27 10,822 10,983 10,727
Dec 31, 14 Last 2 Years 11.0266 8.24 9.24 7.75 11,715 11,934 11,609 Dec 31, 15 To Dec 30, 16 8.22 9.83 7.27
Nov 28, 13 Since Inception 10.0000 8.64 9.64 8.00 12,918 13,289 12,685 Dec 31, 13 To Dec 31, 14 9.36 10.47 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 540D DECEMBER 2013 (1) NAV as on December 30, 2016 ` 12.8311
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.8892 7.92 9.83 7.27 10,792 10,983 10,727
Dec 10, 13 Since Inception 10.0000 8.49 9.65 7.99 12,831 13,255 12,648 Dec 31, 13 To Dec 31, 14 9.40 10.47 8.56
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.9662 8.31 9.83 7.27 10,831 10,983 10,727
Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold
whereas open-ended schemes are actively managed.
Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
@ shows the current value of ` 10,000/- invested at the beginning of a given period. N.A.: Not Available

SHOBHIT MEHROTRA....CONTINUED
HDFC FMP 572D OCTOBER 2013 (1) NAV as on December 30, 2016 ` 13.0337
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.0324 8.32 9.83 7.27 10,832 10,983 10,727
Oct 18, 13 Since Inception 10.0000 8.62 9.57 7.96 13,034 13,399 12,780 Dec 31, 13 To Dec 31, 14 9.35 10.47 8.56
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.0258 7.64 9.83 7.27 10,764 10,983 10,727
HDFC FMP 1919D JANUARY 2013 (1) NAV as on December 30, 2016 ` 14.1933
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.9846 9.31 12.93 7.27 10,931 11,293 10,727
Jan 08, 13 Since Inception 10.0000 9.20 9.71 7.44 14,193 14,457 13,302 Dec 31, 13 To Dec 31, 14 12.77 14.31 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FMP 3360D MARCH 2014 (1) NAV as on December 30, 2016 ` 12.2810
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5405 16.51 12.93 14.97 11,651 11,293 11,497 ##
Mar 26, 14 Since Inception 10.0000 7.71 12.02 12.27 12,281 13,690 13,774 Dec 31, 14 To Dec 31, 15 2.22 8.63 7.39
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.6064 8.43 9.83 7.27 10,843 10,983 10,727 ##
(%) ## (`)## ^ # Bttenchmark
Dec 31, 15 Last 1 Year 11.5454 8.49 9.83 7.27 10,849 10,983 10,727 ##
HDFC FMP 366D MAY 2014 (2) NAV as on December 30, 2016 ` 12.4015
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4194 8.60 9.83 7.27 10,860 10,983 10,727 ##
Jun 03, 14 Since Inception 10.0000 8.71 9.45 7.89 12,402 12,621 12,163 Dec 31, 14 To Dec 31, 15 8.63 8.66 8.22
HDFC FMP 370D JUNE 2014 (1) NAV as on December 30, 2016 ` 12.3872
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4072 8.59 9.83 7.27 10,859 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3813 8.59 9.83 7.27 10,859 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4002 8.51 9.83 7.27 10,851 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3928 8.57 9.83 7.27 10,857 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4067 8.19 9.83 7.27 10,819 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3342 8.72 9.83 7.27 10,872 10,983 10,727 ##
Jul 02, 14 Since Inception 10.0000 8.72 9.46 7.91 12,322 12,535 12,094 Dec 31, 14 To Dec 31, 15 8.59 8.66 8.22
per Unit Returns Returns Benchmark B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns Period Scheme Benchmark Additional
(`)# Benchmark
(%) ## ^ # Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3510 8.02 9.83 7.27 10,802 10,983 10,727 ##
HDFC FMP 1123D JULY 2014 (1) NAV as on December 30, 2016 ` 12.3955
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4200 8.54 12.93 7.27 10,854 11,293 10,727 ##
Aug 05, 14 Since Inception 10.0000 9.34 11.91 7.94 12,396 13,108 12,018 Dec 31, 14 To Dec 31, 15 8.89 8.63 8.22
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3969 8.53 12.93 7.27 10,853 11,293 10,727 ##
B. Discrete 12 month Returns (%)
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.9208 11.37 12.93 7.27 11,137 11,293 10,727 ##
HDFC FMP 1157D FEBRUARY 2015 (1) NAV as on December 30, 2016 ` 11.7147
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.7178 9.30 12.93 7.27 10,930 11,293 10,727 ##
Feb 25, 15 Since Inception 10.0000 8.95 10.46 7.72 11,715 12,016 11,473 Dec 31, 15 To Dec 30, 16 9.30 12.93 7.27
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.6578 9.30 12.93 7.27 10,930 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.6344 9.18 12.93 7.27 10,918 11,293 10,727 ##
HDFC FMP 369D APRIL 2014 (1) NAV as on December 30, 2016 ` 12.5455
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5646 8.48 9.83 7.27 10,848 10,983 10,727 ##
Apr 04, 14 Since Inception 10.0000 8.62 9.62 8.03 12,546 12,863 12,360 Dec 31, 14 To Dec 31, 15 8.20 8.66 8.22
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5419 8.50 9.83 7.27 10,850 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6747 8.23 12.93 7.27 10,823 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5408 8.43 9.83 7.27 10,843 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5218 8.40 9.83 7.27 10,840 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5393 8.37 9.83 7.27 10,837 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5253 8.44 9.83 7.27 10,844 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5384 8.34 9.83 7.27 10,834 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5042 7.87 9.83 7.27 10,787 10,983 10,727 ##
May 13, 14 Since Inception 10.0000 8.53 9.53 7.99 12,409 12,710 12,246 Dec 31, 14 To Dec 31, 15 8.24 8.66 8.22
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5156 8.46 9.83 7.27 10,846 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5063 8.31 9.83 7.27 10,831 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5022 8.30 9.83 7.27 10,830 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4616 8.39 9.83 7.27 10,839 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4466 8.34 9.83 7.27 10,834 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4391 8.60 9.83 7.27 10,860 10,983 10,727 ##
HDFC FMP 1115D March 2015 (1) NAV as on December 30, 2016 ` 11.4989
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5381 9.12 12.93 7.27 10,912 11,293 10,727 ##
HDFC FMP 1106D May 2015 (1) NAV as on December 30, 2016 ` 11.4684
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4898 9.33 12.93 7.27 10,933 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4210 10.27 12.93 7.27 11,027 11,293 10,727 ##
HDFC FMP 1112D June 2015 (1) NAV as on December 30, 2016 ` 11.4045
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4296 9.35 12.93 7.27 10,935 11,293 10,727 ##
HDFC FMP 1105D December 2015 (1) NAV as on December 30, 2016 ` 10.9219
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0109 9.10 12.93 7.27 10,910 11,293 10,727 ##
ANIL BAMBOLI
HDFC CASH MANAGEMENT FUND - CALL PLAN NAV as on December 30, 2016 ` 2,464.6377
per UnitReturns Returns Benchmark
(`) (%)^ (%)# Returns
(`)# Benchmark
(%) ##
(`)##
Dec 23, 16 Last 7 days 2,461.8523 0.11 0.13 0.08 10,011 10,013 10,008
Dec 15, 16 Last 15 days 2,458.6729 0.24 0.25 0.17 10,024 10,025 10,017 Period Scheme Benchmark Additional
^ # Benchmark
Nov 30, 16 Last 1 Month 2,452.8446 0.48 0.48 0.19 10,048 10,048 10,019
##
Dec 31, 15 Last 1 Year 2,316.1874 6.41 7.48 7.27 10,641 10,748 10,727
Dec 31, 14 Last 2 Year 2,158.7600 6.85 7.86 7.75 11,417 11,633 11,609 Dec 31, 15 To Dec 30, 16 6.41 7.48 7.27
Dec 31, 13 Last 3 Years 1,995.9000 7.28 8.31 8.02 12,349 12,705 12,603 Dec 31, 14 To Dec 31, 15 7.29 8.23 8.22
Feb 06, 02 Since Inception 1,000.0000 6.24 N.A. 5.98 24,646 N.A. 23,769 Dec 31, 13 To Dec 31, 14 8.16 9.21 8.56
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index.
HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A NAV as on December 30, 2016 ` 13.8510
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.8235 8.01 9.83 7.27 10,801 10,983 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index.
Scheme performance may not strictly be comparable with that of its Additional Benchmark as the scheme can invest only in instruments having maturity upto the opening of the immediately following
specified transaction period, which is at annual intervals.
ANIL BAMBOLI....CONTINUED
HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN B NAV as on December 30, 2016 ` 13.7542
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7460 7.91 9.83 7.27 10,791 10,983 10,727
HDFC DEBT FUND FOR CANCER CURE - 2014 NAV as on December 30, 2016 ` 10.2528
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 10.3595 7.01 9.83 7.27 10,701 10,983 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short-Term Bond Fund Index ## Crisil 1 year T-Bill Index.
Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close ended schemes is primarily buy and hold whereas open ended
schemes are actively managed. Returns of HDFC Debt Fund For Cancer Cure - 2014 are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested
in the units of the scheme at the then prevailing NAV (ex-dividend NAV).
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4641 8.00 9.83 7.27 10,800 10,983 10,727
HDFC FMP 370D AUGUST 2013 (1) NAV as on December 30, 2016 ` 13.4605
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4389 8.21 9.83 7.27 10,821 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4764 8.24 9.83 7.27 10,824 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4661 8.10 9.83 7.27 10,810 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4642 7.90 9.83 7.27 10,790 10,983 10,727
HDFC FMP 370D SEPTEMBER 2013 (1) NAV as on December 30, 2016 ` 13.4026
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4276 7.85 9.83 7.27 10,785 10,983 10,727
Sep 05, 13 Since Inception 10.0000 9.22 9.80 8.06 13,403 13,641 12,934 Dec 31, 13 To Dec 31, 14 10.07 10.47 8.56
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.3860 7.74 9.83 7.27 10,774 10,983 10,727
(`) (%)^ (%)#i Returns (`)# Benchmark Period Scheme Benchmark Additional
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4243 8.11 9.83 7.27 10,811 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.3911 8.15 9.83 7.27 10,815 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.8588 8.28 9.83 7.27 10,828 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.8819 7.86 9.83 7.27 10,786 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.5176 7.91 12.93 7.27 10,791 11,293 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7119 8.58 12.93 7.27 10,858 11,293 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7227 9.35 12.93 7.27 10,935 11,293 10,727
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.9514 8.93 9.83 7.27 10,893 10,983 10,727 ##

(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.1715 8.51 12.93 7.27 10,851 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.3738 8.45 12.93 7.27 10,845 11,293 10,727 ##
^Past performance may or may not be sustained in the future. Returns gre ater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6699 8.22 9.83 7.27 10,822 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8050 8.26 9.83 7.27 10,826 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7639 8.55 9.83 7.27 10,855 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8170 7.81 9.83 7.27 10,781 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7231 8.34 9.83 7.27 10,834 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6908 8.30 9.83 7.27 10,830 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6465 8.34 9.83 7.27 10,834 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7919 8.37 9.83 7.27 10,837 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7922 7.96 9.83 7.27 10,796 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7411 8.39 9.83 7.27 10,839 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7971 8.33 9.83 7.27 10,833 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7429 8.38 9.83 7.27 10,838 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8194 8.09 9.83 7.27 10,809 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8168 8.36 9.83 7.27 10,836 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7895 8.03 9.83 7.27 10,803 10,983 10,727 ##
per Unit Returns Returns Bencihmark B. Discrete 12 month Returns (%)
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5499 8.61 9.83 7.27 10,861 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5821 8.49 9.83 7.27 10,849 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6114 8.49 9.83 7.27 10,849 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6282 8.48 9.83 7.27 10,848 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7258 8.40 9.83 7.27 10,840 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7105 8.28 9.83 7.27 10,828 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7541 8.39 9.83 7.27 10,839 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7526 8.33 9.83 7.27 10,833 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7674 8.34 9.83 7.27 10,834 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7625 8.15 9.83 7.27 10,815 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.7857 8.33 9.83 7.27 10,833 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.8277 8.23 9.83 7.27 10,823 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.1303 7.64 9.83 7.27 10,764 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.9478 7.76 9.83 7.27 10,776 10,983 10,727 ##
(`) (%)^ (%)#i Returns Period Scheme Benchmark Additional
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3601 8.66 12.93 7.27 10,866 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3435 8.66 12.93 7.27 10,866 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3512 9.42 12.93 7.27 10,942 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.2763 8.81 12.93 7.27 10,881 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.1900 8.94 12.93 7.27 10,894 11,293 10,727 ##
Dec 31, 14 Last 2 Year 10.2706 8.94 10.76 7.75 11,869 12,268 11,609 Dec 31, 15 To Dec 30, 16 8.94 12.93 7.27
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.1066 8.93 12.93 7.27 10,893 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.0086 8.97 12.93 7.27 10,897 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.9558 8.98 12.93 7.27 10,898 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.8726 9.28 12.93 7.27 10,928 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.8561 8.78 12.93 7.27 10,878 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.7896 8.95 12.93 7.27 10,895 11,293 10,727 ##
HDFC FMP 1134D July 2015 (1) NAV as on December 30, 2016 ` 11.3534
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3657 9.53 12.93 7.27 10,953 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3187 8.91 12.93 7.27 10,891 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.2792 9.18 12.93 7.27 10,918 11,293 10,727 ##
HDFC FMP 1108D September 2015 (1) NAV as on December 30, 2016 ` 11.1290
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.1945 9.17 12.93 7.27 10,917 11,293 10,727 ##
HDFC FMP 1105D October 2015 (1) NAV as on December 30, 2016 ` 11.0135
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0837 9.22 12.93 7.27 10,922 11,293 10,727 ##
HDFC FMP 1111D November 2015 (1) NAV as on December 30, 2016 ` 10.9372
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0245 9.10 12.93 7.27 10,910 11,293 10,727 ##
KRISHAN KUMAR DAGA

HDFC GOLD EXCHANGE TRADED FUND* NAV as on December 30, 2016 ` 2,610.9082
Date Period NAV per Unit Scheme Benchmark Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
(`) Returns (%)^ Returns (%)# Scheme (`) Benchmark (`)# Period Scheme Benchmark
^ #
Dec 31, 15 Last 1 Year 2,366.0439 10.35 11.57 11,035 11,157
Dec 31, 14 Last 2 Years 2,575.8398 0.68 1.76 10,136 10,355 Dec 31, 15 To Dec 30, 16 10.35 11.57
Dec 31, 13 Last 3 Years 2,554.2262 0.73 1.81 10,222 10,554 Dec 31, 14 To Dec 31, 15 -8.14 -7.19
Aug 13, 10 Since Inception 1,800.3288 5.99 6.68 14,502 15,112 Dec 31, 13 To Dec 31, 14 0.85 1.92
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Domestic Price of Physical Gold. Since inception returns
are calculated on ` 1800.3288 (allotment price) * Currently, there are no Options being offered under the Scheme.
HDFC GOLD FUND NAV as on December 30, 2016 ` 9.4116

Date Period NAV per Unit Scheme Benchmark Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
(`) Returns (%)^ Returns (%)# Scheme (`) Benchmark (`)# Period Scheme Benchmark
^ #
Dec 31, 15 Last 1 Year 8.5516 10.06 11.57 11,006 11,157
Dec 31, 14 Last 2 Years 9.2217 1.02 1.76 10,206 10,355 Dec 31, 15 To Dec 30, 16 10.06 11.57
Dec 31, 13 Last 3 Years 10.2190 -2.71 1.81 9,210 10,554 Dec 31, 14 To Dec 31, 15 -7.27 -7.19
Nov 01, 11 Since Inception 10.0000 -1.17 0.57 9,412 10,298 Dec 31, 13 To Dec 31, 14 -9.76 1.92
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Domestic Price of Physical Gold
HDFC SENSEX ETF NAV as on December 30, 2016 ` 2,705.590

(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 2,606.220 3.81 1.95 3.01 10,381 10,195 10,301 ##
Dec 09, 15 Since Inception 2,503.610 7.59 5.98 7.09 10,807 10,635 10,753 Dec 31, 15 To Dec 30, 16 3.81 1.95 3.01
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX Index ## NIFTY 50 Index
HDFC NIFTY ETF NAV as on December 30, 2016 ` 827.820

(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 793.280 4.35 3.01 1.95 10,435 10,301 10,195 ##
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index ## S&P BSE SENSEX Index
CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI

HDFC CPO - II - 36M MAY 2014 NAV as on December 30, 2016 ` 11.6532
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.0371 5.58 11.55 7.27 10,558 11,155 10,727 ##
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## Crisil 1 year T-Bill Index
HDFC CPO - II - 36M June 2014 NAV as on December 30, 2016 ` 11.6369
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.0349 5.46 11.55 7.27 10,546 11,155 10,727 ##
Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended
schemes are actively managed.
VINAY KULKARNI & ANIL BAMBOLI....CONTINUED
HDFC CPO - II - 36M JANUARY 2014 NAV as on December 30, 2016 ` 12.3590
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.7574 5.12 11.55 7.27 10,512 11,155 10,727
HDFC CPO - II - 36M FEBRUARY 2014 NAV as on December 30, 2016 ` 12.1610
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.5562 5.23 11.55 7.27 10,523 11,155 10,727
HDFC CPO - III - 1207D DECEMBER 2014 NAV as on December 30, 2016 ` 11.0670
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4742 5.66 11.55 7.27 10,566 11,155 10,727 ##
HDFC CPO - III - 1100D OCTOBER 2014 NAV as on December 30, 2016 ` 11.2653
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.6090 6.19 11.55 7.27 10,619 11,155 10,727 ##
HDFC CPO - III - 1173D JANUARY 2015 NAV as on December 30, 2016 ` 11.0403
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4031 6.13 11.55 7.27 10,613 11,155 10,727 ##
CO-MANAGED BY MITEN LATHIA & ANIL BAMBOLI

HDFC DYNAMIC PE RATIO FUND OF FUNDS NAV as on December 30, 2016 ` 14.8700
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 13.6462 8.97 6.66 3.01 10,897 10,666 10,301
Dec 31, 13 Last 3 Years 11.4026 9.25 10.34 9.10 13,041 13,433 12,985 Dec 31, 14 To Dec 31, 15 -0.11 0.48 -4.06
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Balanced Fund - Aggressive Index ## NIFTY 50 Index
Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.
SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)
PRASHANT JAIN
HDFC EQUITY FUND NAV as on December 30, 2016 ` 491.564
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 454.473 8.16 3.84 3.01 10,816 10,384 10,301
Dec 31, 13 Last 3 Years 306.670 17.03 12.42 9.10 16,029 14,208 12,985 Dec 31, 14 To Dec 31, 15 -4.30 -0.72 -4.06
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 500 Index ## NIFTY 50 Index
HDFC TOP 200 FUND NAV as on December 30, 2016 ` 360.427

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 329.752 9.30 3.95 1.95 10,930 10,395 10,195
HDFC PRUDENCE FUND NAV as on December 30, 2016 ` 421.084

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 381.429 10.40 6.66 3.01 11,040 10,666 10,301
Dec 31, 13 Last 3 Years 247.365 19.40 10.34 9.10 17,023 13,433 12,985 Dec 31, 14 To Dec 31, 15 1.02 0.48 -4.06
Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments.
VINAY KULKARNI
HDFC CORE & SATELLITE FUND NAV as on December 30, 2016 ` 65.027
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 62.899 3.38 3.95 1.95 10,338 10,395 10,195
Dec 31, 13 Last 3 Years 39.084 18.49 11.53 7.94 16,638 13,874 12,577 Dec 31, 14 To Dec 31, 15 5.70 -1.48 -5.03
HDFC PREMIER MULTI-CAP FUND NAV as on December 30, 2016 ` 44.022

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 43.686 0.77 3.84 3.01 10,077 10,384 10,301
VINAY KULKARNI....CONTINUED
HDFC LARGE CAP FUND NAV as on December 30, 2016 ` 88.205

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 84.753 4.07 3.01 1.95 10,407 10,301 10,195
Dec 31, 14 Last 2 Years 88.989 -0.44 -0.59 -1.60 9,912 9,883 9,683 Dec 31, 15 To Dec 30, 16 4.07 3.01 1.95
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index ## S&P BSE SENSEX
HDFC TAXSAVER NAV as on December 30, 2016 ` 413.772

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 382.113 8.29 3.84 3.01 10,829 10,384 10,301
CHIRAG SETALVAD
HDFC MID-CAP OPPORTUNITIES FUND NAV as on December 30, 2016 ` 43.845
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 39.011 12.39 7.13 3.01 11,239 10,713 10,301
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY free Float Midcap 100 Index ## NIFTY 50 Index
HDFC SMALL CAP FUND NAV as on December 30, 2016 ` 29.896

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 27.998 6.78 2.26 3.01 10,678 10,226 10,301
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY free Float Smallcap 100 Index ## NIFTY 50 Index
HDFC BALANCED FUND NAV as on December 30, 2016 ` 122.938

(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 110.802 10.95 6.66 3.01 11,095 10,666 10,301
CHIRAG SETALVAD....CONTINUED
HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN NAV as on December 30, 2016 ` 92.779
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
(`) (%)^ (%)# Returns Scheme (`) Benchmark Additional Period Scheme Benchmark Additional
(%) ## (`)# Benchmark ^ # Benchmark
(`)## ##
Dec 31, 15 Last 1 Year 85.403 8.64 6.66 3.01 10,864 10,666 10,301
Dec 31, 15 To Dec 30, 16 8.64 6.66 3.01
Dec 31, 14 Last 2 Years 82.800 5.85 3.52 -0.59 11,205 10,717 9,883
HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN NAV as on December 30, 2016 ` 42.3134
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 37.5196 12.78 11.55 14.97 11,278 11,155 11,497
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil MIP Blended Index ## Crisil 10 year Gilt Index
HDFC LONG TERM ADVANTAGE FUND NAV as on December 30, 2016 ` 265.789
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 233.596 13.78 1.95 3.01 11,378 10,195 10,301
Dec 31, 14 Last 2 Years 238.155 5.64 -1.60 -0.59 11,160 9,683 9,883 Dec 31, 15 To Dec 30, 16 13.78 1.95 3.01
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX ## NIFTY 50 Index
SRINIVAS RAO RAVURI

HDFC GROWTH FUND NAV as on December 30, 2016 ` 143.316
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 133.617 7.26 1.95 3.01 10,726 10,195 10,301
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX ## NIFTY 50 Index
HDFC RAJIV GANDHI EQUITY SAVINGS SCHEME - SERIES II NAV as on December 30, 2016 ` 14.609
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 13.318 9.69 3.57 1.95 10,969 10,357 10,195 ##
Mar 14, 14 Since Inception 10.000 14.50 9.73 7.39 14,609 12,968 12,208 Dec 31, 14 To Dec 31, 15 -3.90 -3.25 -5.03
HDFC FOCUSED EQUITY FUND - PLAN A NAV as on December 30, 2016 ` 10.202
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 9.516 7.21 3.57 1.95 10,721 10,357 10,195 ##
Feb 23, 15 Since Inception 10.000 1.09 -2.86 -4.46 10,202 9,478 9,189 Dec 31, 15 To Dec 30, 16 7.21 3.57 1.95
SRINIVAS RAO RAVURI....CONTINUED
HDFC FOCUSED EQUITY FUND - PLAN B NAV as on December 30, 2016 ` 10.868
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 9.935 9.39 3.57 1.95 10,939 10,357 10,195 ##
May 06, 15 Since Inception 10.000 5.16 1.15 -0.21 10,868 10,191 9,966 Dec 31, 15 To Dec 30, 16 9.39 3.57 1.95
SHOBHIT MEHROTRA
HDFC INCOME FUND NAV as on December 30, 2016 ` 38.9021
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 33.6762 15.52 12.93 14.97 11,552 11,293 11,497
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index
HDFC HIGH INTEREST FUND - STP NAV as on December 30, 2016 ` 32.9137
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 29.3833 12.01 9.83 7.27 11,201 10,983 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
HDFC FLOATING RATE INCOME FUND - STP - WHOLESALE OPTION NAV as on December 30, 2016 ` 27.8599
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 25.5375 9.09 7.48 7.27 10,909 10,748 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Liquid Fund Index ## Crisil 1 year T-Bill Index
HDFC FLOATING RATE INCOME FUND - LTP NAV as on December 30, 2016 ` 28.4417
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 25.7746 10.35 7.48 7.27 11,035 10,748 10,727
HDFC CORPORATE DEBT OPPORTUNITIES FUND NAV as on December 30, 2016 ` 13.6260
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.1638 12.02 9.83 14.97 11,202 10,983 11,497
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Short Term Bond Fund Index ## Crisil 10 year Gilt Index
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.0054 8.33 9.83 7.27 10,833 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.9579 8.03 9.83 7.27 10,803 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.0364 8.42 9.83 7.27 10,842 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.1157 8.43 9.83 7.27 10,843 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.1124 7.85 9.83 7.27 10,785 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.9846 9.31 12.93 7.27 10,931 11,293 10,727
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5592 16.63 12.93 14.97 11,663 11,293 11,497 ##
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.6210 8.54 9.83 7.27 10,854 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5955 8.60 9.83 7.27 10,860 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4316 8.71 9.83 7.27 10,871 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4212 8.70 9.83 7.27 10,870 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3928 8.70 9.83 7.27 10,870 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4123 8.62 9.83 7.27 10,862 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4045 8.68 9.83 7.27 10,868 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4608 8.40 9.83 7.27 10,840 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3455 8.82 9.83 7.27 10,882 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4016 8.25 9.83 7.27 10,825 10,983 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4683 8.87 12.93 7.27 10,887 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.4444 8.86 12.93 7.27 10,886 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.9510 11.71 12.93 7.27 11,171 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.7450 9.63 12.93 7.27 10,963 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.6835 9.63 12.93 7.27 10,963 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 10.6589 9.51 12.93 7.27 10,951 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5790 8.59 9.83 7.27 10,859 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5560 8.61 9.83 7.27 10,861 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7770 8.77 12.93 7.27 10,877 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5548 8.54 9.83 7.27 10,854 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5356 8.51 9.83 7.27 10,851 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5530 8.47 9.83 7.27 10,847 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5388 8.55 9.83 7.27 10,855 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5518 8.45 9.83 7.27 10,845 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5809 8.09 9.83 7.27 10,809 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5291 8.56 9.83 7.27 10,856 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5194 8.42 9.83 7.27 10,842 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.5153 8.41 9.83 7.27 10,841 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4744 8.50 9.83 7.27 10,850 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4593 8.45 9.83 7.27 10,845 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4516 8.71 9.83 7.27 10,871 10,983 10,727 ##
HDFC FMP 1115D March 2015 (1) NAV as on December 30, 2016 ` 11.5588
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5613 9.44 12.93 7.27 10,944 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5092 9.66 12.93 7.27 10,966 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4443 10.71 12.93 7.27 11,071 11,293 10,727 ##
HDFC FMP 1112D June 2015 (1) NAV as on December 30, 2016 ` 11.4559
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4452 9.68 12.93 7.27 10,968 11,293 10,727 ##
HDFC FMP 1105D December 2015 (1) NAV as on December 30, 2016 ` 11.0149
Date Period NAV Scheme Benchmark Additional Value of Investment of Scheme ` 1 0@
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0104 10.03 12.93 7.27 11,003 11,293 10,727 ##
KRISHAN KUMAR DAGA

HDFC ARBITRAGE FUND - WHOLESALE PLAN NAV as on December 30, 2016 ` 12.238
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.418 7.18 7.48 3.01 10,718 10,748 10,301
Apr 07, 14 Since Inception 10.000 7.67 8.16 7.63 12,238 12,393 12,227 Dec 31, 14 To Dec 31, 15 7.93 8.23 -4.06
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## NIFTY 50 Index
Scheme performance is not strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc.
HDFC INDEX FUND - SENSEX PLAN NAV as on December 30, 2016 ` 233.7134
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 225.8330 3.49 3.47 3.01 10,349 10,347 10,301
Dec 31, 14 Last 2 Years 234.7671 -0.22 -0.17 -0.59 9,955 9,966 9,883 Dec 31, 15 To Dec 30, 16 3.49 3.47 3.01
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX (Total Returns Index) ## NIFTY 50 Index.
HDFC INDEX FUND - NIFTY PLAN NAV as on December 30, 2016 ` 73.3474
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 70.5487 3.97 4.39 1.95 10,397 10,439 10,195
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # NIFTY 50 Index (Total Returns Index) ## S&P BSE SENSEX.
HDFC INDEX FUND - SENSEX PLUS PLAN NAV as on December 30, 2016 ` 361.5533
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 345.1776 4.74 3.47 3.01 10,474 10,347 10,301
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # S&P BSE SENSEX (Total Returns Index) ## NIFTY 50 Index.
HDFC GOLD FUND NAV as on December 30, 2016 ` 9.5420

Date Period NAV per Unit Scheme Returns Benchmark Value of Investment of Scheme ` 10000@ B. Discrete 12 month Returns (%)
(`) (%)^ Returns (%)# Scheme (`) Benchmark (`)# Period Scheme Benchmark
^ #
Dec 31, 15 Last 1 Year 8.6302 10.57 11.57 11,057 11,157
Dec 31, 14 Last 2 Years 9.2632 1.49 1.76 10,301 10,355 Dec 31, 15 To Dec 30, 16 10.57 11.57
Dec 31, 13 Last 3 Years 10.2380 -2.32 1.81 9,320 10,554 Dec 31, 14 To Dec 31, 15 -6.83 -7.19
Jan 01, 13 Since Inception 11.0586 -3.62 -2.19 8,629 9,151 Dec 31, 13 To Dec 31, 14 -9.52 1.92
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Domestic Price of Physical Gold.
ANUPAM JOSHI
HDFC LIQUID FUND NAV as on December 30, 2016 ` 3,156.5328
(%) ## (`)## B. Discrete 12 month Returns (%)
Dec 23, 16 Last 7 days 3,152.4366 0.13 0.13 0.08 10,013 10,013 10,008 Period Scheme Benchmark Additional
Dec 15, 16 Last 15 days 3,148.1138 0.27 0.25 0.17 10,027 10,025 10,017 ^ # Benchmark
Nov 30, 16 Last 1 Month 3,140.2279 0.52 0.48 0.19 10,052 10,048 10,019 ##
Dec 31, 15 Last 1 Year 2,931.1063 7.69 7.48 7.27 10,769 10,748 10,727
Dec 31, 15 To Dec 30, 16 7.69 7.48 7.27
Dec 31, 14 Last 2 Years 2,703.7600 8.05 7.86 7.75 11,675 11,633 11,609
HDFC MEDIUM TERM OPPORTUNITIES FUND NAV as on December 30, 2016 ` 17.8905
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 16.1551 10.74 12.93 14.97 11,074 11,293 11,497
HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN - RETAIL OPTION NAV as on December 30, 2016 ` 34.8085
(`)# Benchmark ^ # Benchmark
(%) ## (`)## ##
Dec 31, 15 Last 1 Year 31.8084 9.43 7.48 7.27 10,943 10,748 10,727
Dec 31, 15 To Dec 30, 16 9.43 7.48 7.27
Dec 31, 14 Last 2 Years 29.3194 8.96 7.86 7.75 11,872 11,633 11,609
ANIL BAMBOLI
HDFC HIGH INTEREST FUND - DYNAMIC PLAN NAV as on December 30, 2016 ` 58.6028
(%) ## (`)## ##
Dec 31, 15 Last 1 Year 50.6920 15.61 12.93 14.97 11,561 11,293 11,497
Dec 31, 15 To Dec 30, 16 15.61 12.93 14.97
Dec 31, 14 Last 2 Years 47.6278 10.92 10.76 11.12 12,304 12,268 12,347
HDFC SHORT TERM PLAN NAV as on December 30, 2016 ` 32.2982

(%) ## (`)## ##
Dec 31, 15 Last 1 Year 29.1521 10.79 9.83 7.27 11,079 10,983 10,727
Dec 31, 15 To Dec 30, 16 10.79 9.83 7.27
Dec 31, 14 Last 2 Years 26.5027 10.39 9.24 7.75 12,187 11,934 11,609
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index
HDFC SHORT TERM OPPORTUNITIES FUND NAV as on December 30, 2016 ` 17.7899
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 16.2498 9.48 9.83 7.27 10,948 10,983 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index
HDFC GILT FUND - SHORT TERM PLAN NAV as on December 30, 2016 ` 27.3783
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 24.3905 12.25 9.12 7.27 11,225 10,912 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # I-Sec Si-Bex ## Crisil 1 year T-Bill Index
HDFC GILT FUND - LONG TERM PLAN NAV as on December 30, 2016 ` 34.5918
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 29.5367 17.11 16.76 14.97 11,711 11,676 11,497
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # I-Sec Li-Bex ## Crisil 10 year Gilt Index
HDFC CASH MANAGEMENT FUND - SAVINGS PLAN NAV as on December 30, 2016 ` 3,340.3831
(%) ## (`)## B. Discrete 12 month Returns (%)
Dec 23, 16 Last 7 days 3,335.9415 0.13 0.13 0.08 10,013 10,013 10,008
Period Scheme Benchmark Additional
Nov 30, 16 Last 1 Month 3,323.1830 0.52 0.48 0.19 10,052 10,048 10,019 ##
Dec 31, 15 Last 1 Year 3,101.6925 7.70 7.48 7.27 10,770 10,748 10,727
HDFC CASH MANAGEMENT FUND - CALL PLAN NAV as on December 30, 2016 ` 2,470.5696
per UnitReturns Returns Benchmark
(`) (%)^ (%)# Returns Scheme (`) Benchmark Additional
(%) ## (`)# Benchmark
(`)## B. Discrete 12 month Returns (%)
Dec 23, 16 Last 7 days 2,467.7540 0.11 0.13 0.08 10,011 10,013 10,008
Period Scheme Benchmark Additional
Nov 30, 16 Last 1 Month 2,458.6468 0.48 0.48 0.19 10,048 10,048 10,019 ##
Dec 31, 15 Last 1 Year 2,320.1969 6.48 7.48 7.27 10,648 10,748 10,727
HDFC BANKING AND PSU DEBT FUND NAV as on December 30, 2016 ` 13.0553
(`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.7473 11.13 9.83 7.27 11,113 10,983 10,727 ##
HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A NAV as on December 30, 2016 ` 13.8798
(`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.8419 8.08 9.83 7.27 10,808 10,983 10,727
HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN B NAV as on December 30, 2016 ` 13.7923
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.7680 8.02 9.83 7.27 10,802 10,983 10,727
HDFC DEBT FUND FOR CANCER CURE - 2014 NAV as on December 30, 2016 ` 10.2528
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3595 7.01 9.83 7.27 10,701 10,983 10,727 ##
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short-Term Bond Fund Index ## Crisil 1 year T-Bill Index.
Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close ended schemes is primarily buy and hold whereas open ended
schemes are actively managed. Returns of HDFC Debt Fund For Cancer Cure - 2014 are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested
in the units of the scheme at the then prevailing NAV (ex-dividend NAV).
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4858 8.11 9.83 7.27 10,811 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4619 8.32 9.83 7.27 10,832 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4997 8.35 9.83 7.27 10,835 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4889 8.21 9.83 7.27 10,821 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4867 8.00 9.83 7.27 10,800 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4502 7.95 9.83 7.27 10,795 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4084 7.85 9.83 7.27 10,785 10,983 10,727
^Past performance m ay or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4463 8.22 9.83 7.27 10,822 10,983 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.4657 8.36 9.83 7.27 10,836 10,983 10,727
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 11.9237 8.38 9.83 7.27 10,838 10,983 10,727
Dec 31, 15 To Dec 30, 16 8.38 9.83 7.27
Dec 31, 14 Last 2 Years 10.9936 8.42 9.24 7.75 11,755 11,934 11,609
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 11.9494 7.97 9.83 7.27 10,797 10,983 10,727
Dec 31, 15 To Dec 30, 16 7.97 9.83 7.27
Dec 31, 14 Last 2 Years 11.0038 8.28 9.24 7.75 11,725 11,934 11,609
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.5778 8.08 12.93 7.27 10,808 11,293 10,727
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 12.8030 8.91 12.93 7.27 10,891 11,293 10,727
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 12.8414 9.79 12.93 7.27 10,979 11,293 10,727
Dec 31, 15 To Dec 30, 16 9.79 12.93 7.27
Dec 31, 14 Last 2 Years 11.7224 9.67 10.76 7.75 12,027 12,268 11,609
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 11.9936 9.15 9.83 7.27 10,915 10,983 10,727
(`)# Benchmark
(`)##
##
Dec 31, 15 Last 1 Year 12.2258 8.79 12.93 7.27 10,879 11,293 10,727
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.4085 8.62 12.93 7.27 10,862 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6844 8.32 9.83 7.27 10,832 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8223 8.36 9.83 7.27 10,836 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7797 8.66 9.83 7.27 10,866 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8341 7.92 9.83 7.27 10,792 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7385 8.45 9.83 7.27 10,845 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7061 8.41 9.83 7.27 10,841 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6613 8.45 9.83 7.27 10,845 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8080 8.48 9.83 7.27 10,848 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8090 8.07 9.83 7.27 10,807 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7565 8.50 9.83 7.27 10,850 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8134 8.44 9.83 7.27 10,844 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7585 8.49 9.83 7.27 10,849 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8360 8.20 9.83 7.27 10,820 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8333 8.47 9.83 7.27 10,847 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8065 8.13 9.83 7.27 10,813 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6003 8.72 9.83 7.27 10,872 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6339 8.60 9.83 7.27 10,860 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6634 8.60 9.83 7.27 10,860 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6813 8.59 9.83 7.27 10,859 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7825 8.51 9.83 7.27 10,851 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.7668 8.39 9.83 7.27 10,839 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8118 8.49 9.83 7.27 10,849 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8109 8.44 9.83 7.27 10,844 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8263 8.45 9.83 7.27 10,845 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8234 8.26 9.83 7.27 10,826 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8473 8.44 9.83 7.27 10,844 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8909 8.34 9.83 7.27 10,834 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.1639 7.80 9.83 7.27 10,780 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 12.0275 7.98 9.83 7.27 10,798 10,983 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.4062 8.99 12.93 7.27 10,899 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3886 8.99 12.93 7.27 10,899 11,293 10,727 ##
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.3946 9.75 12.93 7.27 10,975 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.3192 9.13 12.93 7.27 10,913 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.2312 9.26 12.93 7.27 10,926 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.1463 9.26 12.93 7.27 10,926 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 11.0463 9.30 12.93 7.27 10,930 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.9918 9.31 12.93 7.27 10,931 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.9077 9.61 12.93 7.27 10,961 11,293 10,727 ##
(`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.8882 9.10 12.93 7.27 10,910 11,293 10,727 ##
(`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.8208 9.27 12.93 7.27 10,927 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3802 9.86 12.93 7.27 10,986 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3558 9.79 12.93 7.27 10,979 11,293 10,727 ##
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.3125 9.73 12.93 7.27 10,973 11,293 10,727 ##
HDFC FMP 1108D September 2015 (1) NAV as on December 30, 2016 ` 11.2238
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.2168 9.86 12.93 7.27 10,986 11,293 10,727 ##
HDFC FMP 1105D October 2015 (1) NAV as on December 30, 2016 ` 11.1097
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.1009 9.99 12.93 7.27 10,999 11,293 10,727 ##
HDFC FMP 1111D November 2015 (1) NAV as on December 30, 2016 ` 11.0313
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.0308 9.97 12.93 7.27 10,997 11,293 10,727 ##
CO-MANAGED BY PRASHANT JAIN & SRINIVAS RAO RAVURI

HDFC INFRASTRUCTURE FUND NAV as on December 30, 2016 ` 16.178
Date Period NAVScheme Benchmark Additional Value of Investment of Scheme ` 10000@
per Unit
Returns Returns Benchmark B. Discrete 12 month Returns (%)
(`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 16.361 -1.12 3.85 3.02 9,888 10,384 10,301
Dec 31, 14 Last 2 Years 16.597 -1.27 1.53 -0.59 9,748 10,309 9,883 Dec 31, 15 To Dec 30, 16 -1.12 3.84 3.01
CO-MANAGED BY PRASHANT JAIN & SHOBHIT MEHROTRA

HDFC MF MIP LONG TERM PLAN NAV as on December 30, 2016 ` 40.7463
(`)## ##
Dec 31, 15 Last 1 Year 35.8656 13.61 11.55 14.97 11,361 11,155 11,497
Dec 31, 15 To Dec 30, 16 13.61 11.55 14.97
Dec 31, 14 Last 2 Years 34.3745 8.87 9.14 11.12 11,854 11,912 12,347
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 10 year Gilt Index
CO-MANAGED BY VINAY KULKARNI & SHOBHIT MEHROTRA

HDFC MF MIP SHORT TERM PLAN NAV as on December 30, 2016 ` 28.2915
(`)## ##
Dec 31, 15 Last 1 Year 25.6033 10.50 11.55 14.97 11,050 11,155 11,497
Dec 31, 15 To Dec 30, 16 10.50 11.55 14.97
Dec 31, 14 Last 2 Years 24.5337 7.39 9.14 11.12 11,532 11,912 12,347
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 10 year Gilt Index
CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI

HDFC CPO - II - 36M MAY 2014 NAV as on December 30, 2016 ` 11.8025
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.1229 6.11 11.55 7.27 10,611 11,155 10,727 ##
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil mip Blended Index ## CRISIL 1 year T-Bill Index
VINAY KULKARNI & ANIL BAMBOLI....CONTINUED
HDFC CPO - II - 36M June 2014 NAV as on December 30, 2016 ` 11.7837
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.1184 5.98 11.55 7.27 10,598 11,155 10,727 ##
HDFC CPO - II - 36M JANUARY 2014 NAV as on December 30, 2016 ` 12.5420
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.8721 5.64 11.55 7.27 10,564 11,155 10,727 ##
HDFC CPO - II - 36M FEBRUARY 2014 NAV as on December 30, 2016 ` 12.3350
(`)# Benchmark
(`)##
Dec 31, 15 Last 1 Year 11.6632 5.76 11.55 7.27 10,576 11,155 10,727 ##
HDFC CPO - III - 1207D DECEMBER 2014 NAV as on December 30, 2016 ` 11.1800
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.5284 6.19 11.55 7.27 10,619 11,155 10,727 ##
HDFC CPO - III - 1100D OCTOBER 2014 NAV as on December 30, 2016 ` 11.3886
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.6716 6.72 11.55 7.27 10,672 11,155 10,727 ##
HDFC CPO - III - 1173D JANUARY 2015 NAV as on December 30, 2016 ` 11.1448
(%) ## (`)## ^ # Benchmark
Dec 31, 15 Last 1 Year 10.4492 6.66 11.55 7.27 10,666 11,155 10,727 ##
CO-MANAGED BY CHIRAG SETALVAD & MITEN LATHIA

HDFC CAPITAL BUILDER FUND NAV as on December 30, 2016 ` 218.600
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 208.186 5.00 3.84 3.01 10,500 10,384 10,301
CO-MANAGED BY ANIL BAMBOLI & MITEN LATHIA

HDFC DYNAMIC PE RATIO FUND OF FUNDS NAV as on December 30, 2016 ` 15.3307
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 13.9363 10.01 6.66 3.01 11,001 10,666 10,301
CO-MANAGED BY CHIRAG SETALVAD & ANIL BAMBOLI

HDFC MULTIPLE YIELD FUND - PLAN 2005 NAV as on December 30, 2016 ` 28.6338
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 26.1434 9.53 11.55 7.27 10,953 11,155 10,727
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # crisil MIP Blended Index ## Crisil 1 year T-Bill Index
CO-MANAGED BY VINAY KULKARNI, Krishan Kumar Daga & ANIL BAMBOLI

HDFC EQUITY SAVINGS FUND NAV as on December 30, 2016 ` 30.9600
(%) ## (`)## ^ # Benchmark
##
Dec 31, 15 Last 1 Year 26.8240 15.42 5.35 14.97 11,542 10,535 11,497
^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # 30% NIFTY 50 + 40% CRISIL Liquid Fund Index + 30%
CRISIL Short Term Bond Fund Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark, since a portion of scheme’s investments
are made in equity instruments.
GLOSSARY
Sharpe Ratio Risk Free Return
Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess The theoretical rate of return of an investment with safest (zero risk) investment in a
to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe country.
ratio indicates, portfolio compensating investors with excess returns (over risk-free rate)
for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off Tracking Error
investing in risk-free assets. Tracking error indicates how closely the portfolio return is tracking the benchmark Index
return. It measures the deviation between portfolio return and benchmark index return.
Beta A lower tracking error indicates portfolio closely tracking benchmark index and higher
Beta ( ) of a portfolio is a number indicating the relation between portfolio returns with tracking error indicates portfolio returns with higher deviation from benchmark index
that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in returns.
comparison to the market as a whole.
Total Expense Ratio
Modified Duration Total expenses charged to scheme for the month expressed as a percentage to average
A formula that expresses the measurable change in the value of a security in response monthly net assets.
to a change in interest rates. Modified duration of portfolio can be used to anticipate the
change in market value of portfolio for every change in portfolio yield. Average Maturity
Weighted average maturity of the securities in scheme.
Standard Deviation
A statistical measure that defines expected volatility/risk associated with a portfolio. Portfolio Yield (Yield To Maturity)
This explains the variation/deviation from the average returns delivered by the portfolio. Weighted average yield of the securities in scheme portfolio.
A higher standard deviation means higher volatility (risk) and a lower standard deviation
means lower volatility.
HOW TO READ FACTSHEET

Fund Manager Standard Deviation
An employee of the asset management company such as a mutual fund or life insurer, Standard deviation is a statistical measure of the range of an investment’s performance.
who manages investments of the scheme. He is usually part of a larger team of fund When a mutual fund has a high standard deviation, its means its range of performance
managers and research analysts. is wide, implying greater volatility.
Application Amount for Fresh Subscription Sharpe Ratio

This is the minimum investment amount for a new investor in a mutual fund scheme. The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a
measure of risk-adjusted returns. It is calculated using standard deviation and excess
Minimum Additional Amount return to determine reward per unit of risk.
This is the minimum investment amount for an existing investor in a mutual fund scheme.
Beta Ratio (Portfolio Beta)
Yield to Maturity Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than 1
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until means that the security will be less volatile than the market. A beta of greater than 1
maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current implies that the security’s price will be more volatile than the market.
market price, par value, coupon interest rate and time to maturity.
Average portfolio PE (Average P/E)
SIP It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted
SIP or systematic investment plan works on the principle of making periodic investments average basis.
of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor Average portfolio price to book ratio (Average P/BV)
may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a It is price to book value of the stocks calculated for the entire portfolio on a weighted
period of three years. average basis.
NAV Average portfolio dividend yield (Average Dividend Yield)
The NAV or the net asset value is the total asset value per unit of the mutual fund after It is dividend yield of the stocks calculated for the entire portfolio on a weighted average
deducting all related and permissible expenses. The NAV is calculated at the end of basis.
every business day. It is the value at which the investor enters or exits the mutual fund.
Net Equity
Benchmark Net equity level is the net equity exposure percentage adjusted for any derivative positions
A group of securities, usually a market index, whose performance is used as a standard in stocks or index for hedging or rebalancing purpose.
or benchmark to measure investment performance of mutual funds, among other
investments. Some typical benchmarks include the NIFTY, Sensex, BSE200, BSE500, R Squared
10-Year Gsec. It is a statistical measure of how closely the portfolio returns are correlated with its
benchmark.
Entry Load
AUM
A mutual fund may have a sales charge or load at the time of entry and/or exit to AUM or assets under management refers to the recent / updated cumulative market value
compensate the distributor/agent. Entry load is charged at the time an investor purchases of investments managed by a mutual fund or any investment firm.
the units of a mutual fund.
Holdings
The entry load is added to the prevailing NAV at the time of investment. For instance, if The holdings or the portfolio is a mutual fund’s latest or updated reported statement of
the NAV is Rs. 100 and the entry load is 1 %, the investor will enter the fund at Rs. 101. investments/securities. These are usually displayed in terms of percentage to net assets or
(Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated the rupee value or both. The objective is to give investors an idea of where their money
that the upfront commission to distributors will be paid by the investor directly to the is being invested by the fund manager.
distributor, based on his assessment of various factors including the service rendered
by the distributor). Nature of Scheme
The investment objective and underlying investments determine the nature of the mutual
Exit Load fund scheme. For instance, a mutual fund that aims at generating capital appreciation
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund
load is reduced from the prevailing NAV at the time of redemption. The investor will that aims at capital preservation by investing in debt markets is a debt fund or income
receive redemption proceed at net value of NAV less Exit Load. For instance if the NAV fund. Each of these categories may have sub-categories.
is Rs. 100 and the exit load is 1%, the investor will receive Rs. 99.
Rating Profile
Modified Duration Mutual funds invest in securities after evaluating their creditworthiness as disclosed by
Modified duration is the price sensitivity and the percentage change in price for a unit the ratings. A depiction of the mutual fund in various investments based on their ratings
change in yield. becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Dividend History ^
HDFC Growth Fund (Past 3 years) Dividend Option HDFC Large Cap Fund (Past 3 years) Dividend Option
Record Date Regular Plan Direct Plan Record Date Regular Plan Direct Plan
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Feb 13, 14 25.019 3.00 3.00 25.143 3.00 3.00 Feb 26, 15 25.817 2.50 2.50 26.048 2.50 2.50
Feb 12, 15 33.959 3.50 3.50 34.313 3.50 3.50 Feb 18, 16 - - - 19.186 1.75 1.75
Feb 18, 16 25.839 2.50 2.50 26.276 2.50 2.50
HDFC Mid-Cap Opportunities Fund (Past 3 years) Dividend Option
HDFC Equity Fund (Past 3 years) Dividend Option
Record Date Regular Plan Direct Plan
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Feb 26, 14 17.588 1.75 1.75 - - -
Mar 20, 14 43.809 4.00 4.00 44.172 4.00 4.00 Mar 24, 15 27.636 2.00 2.00 31.131 2.25 2.25
Mar 19, 15 59.842 5.50 5.50 60.828 5.50 5.50 Mar 23, 16 25.133 1.50 1.50 28.582 1.50 1.50
Mar 17, 16 45.848 4.50 4.50 47.059 4.50 4.50
HDFC Small Cap Fund (Past 3 years) Dividend Option
HDFC Top 200 Fund (Past 3 years) Dividend Option
Feb 19, 15 22.769 2.00 2.00 23.165 2.00 2.00
Mar 06, 14 42.484 4.00 4.00 42.768 4.00 4.00
Feb 25, 16 17.986 2.00 2.00 18.565 1.99 1.99
Mar 05, 15 58.076 5.00 5.00 58.852 5.00 5.00
Mar 03, 16 43.228 3.50 3.50 44.146 3.50 3.50
HDFC Balanced Fund (Past 3 quarters) Dividend Option
HDFC Capital Builder Fund (Past 3 years) Dividend Option Record Date Regular Plan Direct Plan
Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others June 27, 16 26.820 0.500 0.500 28.686 0.500 0.500
Feb 20, 14 21.788 2.50 2.50 21.897 2.50 2.50 Sep 26, 16 28.897 0.500 0.500 31.031 0.500 0.500
Feb 19, 15 31.424 3.00 3.00 31.766 3.00 3.00 Dec 26, 16 26.950 0.500 0.500 29.053 0.500 0.500
Feb 25, 16 23.429 2.75 2.75 23.920 2.75 2.75
HDFC Prudence Fund (Past 3 months) Dividend Option
HDFC Core & Satellite Fund (Past 3 years) Dividend Option Record Date Regular Plan Direct Plan
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Nov 25, 16 29.796 0.30 0.30 33.972 0.30 0.30
Feb 20, 14 15.197 1.50 1.50 15.327 1.50 1.50 Dec 26, 16 28.320 0.300 0.300 32.360 0.300 0.300
Feb 19, 15 22.392 2.00 2.00 22.738 2.00 2.00 Jan 25, 17 30.216 0.300 0.300 34.607 0.300 0.300
Feb 25, 16 16.580 2.00 2.00 16.988 2.00 2.00
HDFC Long Term Advantage Fund (Past 3 years) Dividend Option
HDFC Premier Multi-Cap Fund (Past 3 years) Dividend Option (An open-ended equity linked savings scheme with a lock-in period of 3 years)
Feb 06, 14 10.783 0.60 0.60 10.854 0.60 0.60 Feb 06, 14 32.125 3.50 3.50 32.304 3.50 3.50
Feb 05, 15 16.770 1.50 1.50 16.981 1.50 1.50 Feb 05, 15 43.781 4.00 4.00 44.279 4.00 4.00
Feb 11, 16 11.626 1.25 1.25 11.858 1.25 1.25 Feb 11, 16 33.317 3.50 3.50 33.909 2.99 2.99
HDFC Arbitrage Fund HDFC TaxSaver (Past 3 years) Dividend Option

Normal Dividend Option (An open-ended equity linked savings scheme with a lock-in period of 3 years)
Record Date Wholesale Plan Direct Plan Record Date Regular Plan Direct Plan
Nov 21, 16 10.569 0.050 0.050 10.775 0.050 0.050 Mar 13, 14 52.658 6.00 6.00 53.067 6.00 6.00
Dec 26, 16 10.564 0.050 0.050 10.776 0.050 0.050 Mar 12, 15 73.673 7.00 7.00 74.679 7.00 7.00
Jan 23, 17 10.550 0.050 0.050 10.776 0.050 0.050 Mar 10, 16 53.821 6.00 6.00 54.911 6.00 6.00
Monthly Dividend Option (Past 3 months )
Record Date Wholesale Plan Wholesale Plan - Direct Plan HDFC Infrastructure Fund (Past 3 years) Dividend Option
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Record Date Regular Plan Direct Plan
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Nov 21, 16 10.936 0.050 0.050 10.532 0.050 0.050 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Dec 26, 16 10.933 0.050 0.050 10.532 0.050 0.050 Mar 05, 15 17.557 1.500 1.500 - - -
Jan 23, 17 10.920 0.050 0.050 10.521 0.050 0.050 Mar 17, 16 12.129 1.000 1.000 - - -
^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid
regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any.
* Please log on to www.hdfcfund.com for Record Date-wise listing of dividends declared.

Dividend History ^
HDFC MF Monthly Income Plan (MIP) (An open-ended income scheme. Monthly HDFC High Interest Fund - Dynamic Plan
income is not assured and is subject to availability of distributable surplus) Half-yearly (Dividend Option) (Past 2 years)
Short Term Plan (Dividend Option) - Monthly Dividend Option (Past 3 months)
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 28, 15 11.5640 0.2500 0.2316 12.1722 0.2500 0.2316
Nov 25, 16 11.6621 0.0700 0.0648 12.2264 0.0700 0.0648 Dec 28, 15 11.7952 0.1000 0.0926 11.7952 0.1000 0.0926
Dec 26, 16 11.3004 0.0700 0.0648 11.8628 0.0700 0.0648 Mar 28, 16 11.6403 0.2000 0.1853 11.3264 0.2000 0.1853
Jan 25, 17 11.5469 0.0700 0.0648 12.1375 0.0700 0.0648 Sep 26, 16 12.4286 0.5500 0.5096 13.2283 0.5500 0.5096
Yearly (Dividend Option) (Past 3 years)
Quarterly Dividend Option (Past 3 quarters)
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 25, 14 12.4424 0.6500 0.6225 12.5647 0.6500 0.6225
June 27, 16 11.8248 0.2100 0.1946 12.1218 0.2100 0.1946 Mar 25, 15 13.5259 0.9000 0.8346 13.7872 0.9000 0.8346
Sep 26, 16 12.1803 0.2100 0.1946 12.5296 0.2100 0.1946 Mar 28, 16 13.0240 0.4000 0.3706 13.4221 0.4500 0.4169
Dec 26, 16 11.8592 0.2100 0.1946 12.2419 0.2100 0.1946
HDFC High Interest Fund - Short Term Plan
Normal Dividend Option
HDFC MF Monthly Income Plan (MIP) (An open-ended income scheme. Monthly
income is not assured and is subject to availability of distributable surplus)
Long Term Plan (Dividend Option) - Monthly Dividend Option (Past 3 months) NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Record Date Regular Plan Direct Plan Nov 10, 16 - - - 10.7829 0.0425 0.0394
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Nov 25, 16 - - - 10.9041 0.0221 0.0205
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Jan 25, 17 - - - 10.8873 0.0100 0.0092
Nov 25, 16 14.8284 0.0800 0.0741 15.1507 0.0800 0.0741
Dec 26, 16 14.2365 0.0800 0.0741 14.5557 0.0800 0.0741 HDFC Short Term Plan
Jan 25, 17 14.6271 0.0800 0.0741 14.9650 0.0800 0.0741 Monthly Dividend Option (Past 3 months)
Record Date Regular Plan Direct Plan NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Oct 25, 16 10.4092 0.0664 0.0616 10.4141 0.0700 0.0648
Nov 25, 16 10.4634 0.0722 0.0668 10.4687 0.1002 0.0928
June 27, 16 14.6030 0.2400 0.2224 14.8704 0.2400 0.2224 Jan 25, 17 10.4472 0.0605 0.0560 10.4243 0.0681 0.0631
Sep 26, 16 15.3840 0.2400 0.2224 15.6968 0.2400 0.2224
Dec 26, 16 14.9727 0.2400 0.2224 15.3076 0.2400 0.2224 HDFC Medium Term Opportunities Fund
HDFC Equity Savings Fund (Past 3 quarters) Dividend Option Record Date Regular Plan Direct Plan
Apr 28, 16 11.5210 1.0000 1.0000 11.7190 1.0000 1.0000 Sep 26, 16 10.5054 0.1581 0.1465 10.5833 0.1613 0.1494
Oct 04, 16 11.9310 0.5000 0.5000 12.2200 0.5000 0.5000 Dec 26, 16 10.4885 0.1494 0.1384 10.5665 0.1527 0.1415
Dec 26, 16 11.1970 0.2500 0.2500 11.5180 0.2500 0.2500
HDFC Gilt Fund
HDFC Multiple Yield Fund - Plan 2005 (Past 3 years) Dividend Option Short Term Plan (Dividend Option) (Past 3 quarters)
Feb 13, 14 11.4924 0.7500 0.7183 11.5689 0.5000 0.4788 June 27, 16 11.4779 0.1500 0.1390 11.6119 0.1500 0.1390
Feb 12, 15 12.7502 0.0871 0.8078 13.3081 0.0871 0.8078 Sep 26, 16 11.7199 0.3000 0.2779 11.8681 0.3000 0.2779
Mar 03, 16 11.9008 0.7223 0.6692 12.5570 0.7223 0.6692 Dec 26, 16 11.5398 0.2000 0.1853 11.6983 0.2000 0.1853
Long Term Plan (Dividend Option) (Past 3 quarters)
HDFC Income Fund (Past 3 quarters) Quarterly Dividend Option Record Date Regular Plan Direct Plan
June 27, 16 11.3506 0.1500 0.1390 11.7541 0.1500 0.1390 Aug 26, 16 11.9989 0.4000 0.12779 12.8083 0.4000 0.3706
Sep 26, 16 11.9461 0.3500 0.3243 12.4051 0.4000 0.3706 Dec 26, 16 11.5925 0.2000 0.1853 11.8180 0.2000 0.1853
Dec 26, 16 11.5668 0.2000 0.1853 11.9864 0.2000 0.1853
HDFC Liquid Fund
HDFC High Interest Fund - Dynamic Plan Monthly Dividend Option (Past 3 months)
Quarterly Dividend Option (Past 3 quarters) Record Regular Plan Direct Plan
Record Date Regular Plan Direct Plan Date Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Nov 01, 16 1033.2010 4.9844 4.6179 1033.3031 5.0581 4.6862
June 27, 16 12.1594 0.1500 0.1390 12.4855 0.1500 0.1390 Nov 28, 16 1031.4299 3.7051 3.4327 1031.5063 3.7603 3.4839
Sep 26, 16 12.7461 0.4000 0.3706 13.1166 0.4000 0.3706 Dec 26, 16 1031.1716 3.5186 3.2599 1031.2507 3.5757 3.3128
Dec 26, 16 12.3745 0.2000 0.1853 12.7711 0.2000 0.1853 Jan 30, 17 1032.6458 4.5833 4.2464 1032.7448 4.6549 4.3126
^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid
regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any.
* Please log on to www.hdfcfund.com for Record Date-wise listing of dividends declared.

Dividend History ^
HDFC Floating Rate Income Fund - Short Term Plan HDFC Corporate Debt Opportunities Fund
Monthly Dividend Option (Past 3 months) Half-yearly Dividend Option (Past 2 years)
Record Date Wholesale Option Wholesale Option - Direct Plan Record Date Regular Plan Direct Plan
Nov 28, 16 10.2505 0.0768 0.0712 10.2512 0.0774 0.0717
Mar 25, 15 10.7056 0.3397 0.3150 10.7523 0.3750 0.3478
Dec 26, 16 10.1489 0.0035 0.0032 10.1496 0.0040 0.0037
Sep 28, 15 10.6648 0.3229 0.2992 10.7159 0.3613 0.3347
Jan 30, 17 10.2370 0.0671 0.0622 10.2380 0.0678 0.0628
Mar 28, 16 10.7078 0.1560 0.1445 10.7651 0.1560 0.1445
Record Date Retail Option Sep 26, 16 11.1534 0.4842 0.4486 11.2653 0.5649 0.5234
Cum Div Dividend per Unit (`) For
NAV (`) Individuals & HUF Others ^ Past performance may or may not be sustained in the future.
Nov 28, 16 10.2489 0.0757 0.0701 There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor
Dec 26, 16 10.1474 0.0024 0.0022 that the dividends will be paid regularly.
Jan 30, 17 10.2350 0.0657 0.0608 All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit NAV
falls to the extent of the payout and statutory levy, if any.
HDFC Cash Management Fund - Treasury Advantage Plan * Please log on to www.hdfcfund.com for Record Date-wise listing of dividends declared
Monthly Dividend Option (Past 3 months)
Record Date Retail Option Retail Option - Direct Plan
Nov 01, 16 10.1681 0.0546 0.0506 10.2352 0.0670 0.0620
Nov 28, 16 10.2031 0.0456 0.0422 10.2593 0.0844 0.0782
Dec 26, 16 - - - 10.1448 0.0017 0.0015
Record Date Wholesale Option
Cum Div Dividend per Unit (`) For
NAV (`) Individuals & HUF Others
Nov 01, 16 10.1954 0.0599 0.0555
Nov 28, 16 10.2286 0.0495 0.0459
Dec 26, 16 10.1621 0.0015 0.0014
Disclaimer: The information contained herein should not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior
written consent of HDFC Asset Management Company Limited (HDFC AMC) or the relevant owner of the intellectual property, as the case may be. All Intellectual property and intellectual property rights belong to
the relevant owner of the intellectual property, and “Intouch Mutually” is a trademark of HDFC AMC. Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer
to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, HDFC AMC/its subsidiaries/affiliates/sponsors/trustee (HDFC AMC Group) or their officers, employees, personnel,
directors may be associated in a commercial, professional or personal capacity or may have a commercial interest including as proprietary traders in or with the securities and/ or companies or issues or matters as
contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render (HDFC AMC Group) liable in any manner whatsoever
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HDFC MF Factsheet January 2017 PDF

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January 2017

2 January 2017 Intouch mutually

Equity Market update Debt Market update

Intouch mutually January 2017 3

Investors understand that their principal will be at

Investors understand that their principal will be at

l BENCHMARK INDEX Cumulative Performance

Investors understand that their principal will be at

EQUITY & EQUITY RELATED Construction Project 11.77

For Tax Benefits / Consequences, Please refer to page 46

l Exit Load Cumulative Performance

Investors understand that their principal will be at

For Tax Benefits / Consequences, Please refer to page 46

Investors understand that their principal will be at

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

Investors understand that their principal will be at

Investors understand that their principal will be at

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

For Tax Benefits / Consequences, Please refer to page 46

l Entry Load Cumulative Performance

EQUITY & EQUITY RELATED Software 13.07

This product is suitable for investors who are seeking ~ Riskometer

Investors understand that their principal will be at moderately

This product is suitable for investors who are seeking ~ Riskometer

Investors understand that their principal will be at moderately

This product is suitable for investors who are seeking ~ Riskometer

Investors understand that their principal will be at moderately

Investors understand that their principal will be at moderately high risk

Investors understand that their principal will be at moderately high risk

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

l investment objective Portfolio - Top 10 Holdings

l Plans Cumulative Performance

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

l Minimum Application Amount (Under each Plan / Option)

Investors understand that their principal will be at moderately high risk

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

l Minimum Application Amount (Under each Plan / Option)

Investors understand that their principal will be at moderately high risk

l investment objective Portfolio - Top 10 Holdings

l Minimum Application Amount (Under each Plan / Option)

l investment objective Portfolio - Top 10 Holdings

aSSETS UNDER MANAGEMENT (`) IN CRORE Equity 19.36

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

For Tax Benefits / Consequences, Please refer to page 46

l investment objective Portfolio - Top 10 Holdings

aSSETS UNDER MANAGEMENT (`) IN CRORE Equity 24.70

l Total Expense Ratio SIP Performance

For Tax Benefits / Consequences, Please refer to page 46

Equity 17.89 Equity 17.89

l Total Expense Ratio

Investors understand that their principal will be at moderate risk

aSSETS UNDER MANAGEMENT (`) IN CRORE

l Entry Load Cumulative Performance

This product is suitable for investors who are seeking ~ Riskometer

Investors understand that their principal will be at moderate risk

aSSETS UNDER MANAGEMENT (`) IN CRORE

l quantitative data Sovereign 68.98

Investors understand that their principal will be at moderate risk

l Total Expense Ratio

Investors understand that their principal will be at moderate risk

For Tax Benefits / Consequences, Please refer to page 46

Investors understand that their principal will be at moderate risk

This product is suitable for investors who are seeking ~ Riskometer