Dear Investor,

Please have a look at this document which I think is relevant.

I hope you find it worthwhile.
Do reach out to me if you want to discuss further.

Thanks,
Jignesh J Patel

jjpatel76@yahoo.com
+919687981953
https://ARN-59442.mutualfundpartner.com
Jolly Plaza, Surat Surat,Gujarat, 395009, India

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS,

READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
 HDFC TaxSaver
(An open ended equity linked savings scheme with a
statutory lock in of 3 years and tax benefit)

August 2022

AUM
July 2022

INR 9,408.98 Cr

Investment Objective
To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
There is no assurance that the investment objective of the Scheme will be realized.

HDFC TaxSaver (“the fund”) – Fund Positioning and Investment Strategy

 Focus on strong companies with growth drivers in medium to long term, especially those which are competitively placed in an industry
with good prospects
 Emphasis on Strong Management with an ability to capitalize on opportunities while managing risks
 Shall consider track record of corporate governance, ESG sensitivity and transparency
 Can invest across market cap segments
 Focus on valuation to provide reasonable margin of safety, without relying solely on traditional parameters like P/E or P/B
 Considering the long term nature of investments in the Scheme, stock selection will be strategic and long term in nature, instead of tactical
 The Fund is suitable for investors who want to save tax, but also would like to invest in a diversified equity portfolio and participate in long
term growth of quality companies

Top 10 Equity Holdings (as on 31st July, 2022)

Top 10 Industry Allocation of Equity Holdings % to
Company Industry*
(% of Net Assets) as on 31st July, 2022 NAV

ICICI Bank Ltd. Banks 10.18

Banks 28.46

IT - Software 9.97 HDFC Bank Ltd. Banks 9.15

Pharmaceuticals &
Biotechnology
9.75 State Bank of India Banks 6.18
Automobiles 7.55
Bharti Airtel Ltd. Telecom - Services 5.52
Telecom - Services 5.52
Infosys Limited IT- Software 5.11
Aerospace & 5.40
Defense
Hindustan Aeronautics Limited Aerospace & Defense 4.73
Insurance 4.46

Power 4.06 Mahindra & Mahindra Ltd. Automobiles 4.58

Petroleum 3.56 HCL Technologies Ltd. IT- Software 4.28
Products

Finance 3.28
NTPC Limited Power 4.06
0 5 10 15 20 25 30
SBI Life Insurance Company Ltd. Insurance 3.85

* Industry classification as recommended by AMFI. For complete portfolio details please refer to the website www.hdfcfund.com

Quantitative Data (Risk Ratios) Market Cap Exposure

July 2022 June 2022
Standard Deviation 6.367%
Large Cap 85.5% 80.8%
Beta 0.961
Mid Cap 7.6% 12.3%
Sharpe Ratio* 0.151 Small Cap 3.1% 3.1%

Computed for the 3 - year period ended July 31, 2022. Based on month end % of Net Assets (As per AMFI classification as on December 2021)
NAV.* Risk free Rate: 5.25% (Source: FIMMDA MIBOR) For schemes which
have not completed 3 years, data is computed since inception

Portfolio Turnover Ratio

Portfolio Turnover Ratio

(Last 1 Year) : 54.43%

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 HDFC TaxSaver
(An open ended equity linked savings scheme with a
statutory lock in of 3 years and tax benefit)

August 2022

Fund Facts
Category of Scheme Equity Linked Savings Scheme
Fund Manager* Roshi Jain(since January 13, 2022)
Inception Date March 31, 1996
Benchmark NIFTY 500 (Total Returns Index)
Investment Regular Plan, Direct Plan. Under Each Plan: Growth & Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW
Plans / Options Option offers Payout of Income Distribution cum Capital Withdrawal (IDCW) Option.
Exit Load Nil
*Dedicated fund manager for overseas investments: Mr. Priya Ranjan (since May 01, 2022)

What's In What's Out (31st July 2022 vs 30th June 2022)

Entry Exit
Company Name Industry Company Name Industry

Zomato Ltd. Retailing Ambuja Cements Ltd. Cement & Cement Products

Increased Decreased
Company Name Industry Company Name Industry
Hindustan Aeronautics Limited Aerospace & Defense Persistent Systems Ltd. IT - Software
SBI Life Insurance Company Limited Insurance Reliance Industries Limited Petroleum Products
HCL Technologies Limited IT - Software Delhivery Ltd. Transport Services
Torrent Pharmaceuticals Ltd. Pharmaceuticals & Biotechnology

Product Labelling
This product is suitable for investors who are seeking* Riskometer#
Modera
 to generate long-term capital appreciation / income oderate High tely
to te M Hi
w era
investment predominantly of equity & equity related instruments
Mo Lo

gh


d

Very
High
Low

RISKOMETER
*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. Investors understand that their principal will be at
very high risk
# For latest Riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com

Disclaimer: For further details, refer SID and KIM available on www.hdfcfund.com and at ISC’s of HDFC Mutual Fund. The views expressed herein are as of August 19, 2022 and are
based on internal data, publicly available information and other sources believed to be reliable. Any calculations made are approximations, meant as guidelines only, which you must
confirm before relying on them. The information contained in this document is for general purposes only and not an investment advice. The document is given in summary form and
does not purport to be complete. The document does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may
receive this document. The information/ data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. The statements
contained herein are based on our current views and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. Past performance may or may not be sustained in future. HDFC AMC / HDFC Mutual Fund is not guaranteeing / offering /
communicating any indicative yield on investments made in the scheme(s). Neither HDFC AMC and HDFC Mutual Fund (the Fund) nor any person connected with them, accepts
any liability arising from the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate
professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein.
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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.