SPOT POTENTIAL EARLY

Presenting

HDFC Mid-Cap
Opportunities Fund
(An open-ended equity scheme
predominantly investing
in mid cap stocks)
 What are Mid-Caps ?

Market
Capitalization

Market Cap Number of Market Cap Range * Cumulative Market Cap^* % of Total Market
segment companies* (Rs Trillion) Cap^* Large
Top 100
Large 100 Rs 47,757 Cr and above ~177 69% caps – 100
Mid 150 Rs 16,164 Cr to Rs 47,297 Cr ~43 17% Companies
Small 1523 ^ Below Rs 16,164 Cr ~36 14%

Mid caps
Next 150
150 Companies

251st
Company
Small caps 1,523 Companies^ onwards
Below Rs 16,164 Cr

Source: Classification as per SEBI circular (SEBI / HO/ IMD/ DF3/ CIR/ P/ 2017/ 114) dated October 6, 2017, wherein the universe of “Small Cap” shall consist of companies below 250th company in terms of full market capitalization. *AMFI - As on 31st December 2021. ^Stock cut off – Market
Cap above Rs 150 Cr. 1,523 small cap companies mentioned above are those small cap companies with market cap>Rs 150 Cr.

Refer disclaimer on Page 30

2
 Putting Mid Cap rally into perspective

Mid Cap returns ought to be viewed in the broader context of their

performance over last 5-10 years.
NIFTY MidCap 150
Period
TRI Returns % CAGR
Nifty Midcap 150 TRI Last 1 Year 25.1
16,000 18 Average Annual Real GDP Growth % Average Annual Inflation % Last 3 Years 20.7
16
14,000 16 15 Last 5 Years 15.3
GR
11 % CA 14 13 13 As of 31st March 2022
12,000 r'22 =
8 to Ma
Jan'1 12
10,000 10
10 9
6
8,000 7 Financial Year FY Returns
8
6,000
6
FY15 59.70%
4,000 FY16 -1.70%
4
7 FY17 37.20%
6 6 6
2,000 2
FY18 16.70%
0 0 FY19 -0.60%
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 1980-89 1990-99 2000-09 2010-21
FY20 -30.10%
FY21 101.60%
FY22 25.00%

Mar’15 to Mar’20 1.8% CAGR

Mar’20 to Mar’22 58.8% CAGR
Source:-Bloomberg, MFI, IMF. Past Performance may not be sustained in future. HDFC Mutual Fund/HDFC AMC is not guaranteeing returns on investments made in any scheme. Returns are as of March 31, 2022. Mar’15 to Mar’22 15.6% CAGR
Refer disclaimer on Page 30
3
 Putting Mid Cap rally into perspective

Valuation divergence still present within Mid Caps presents

an opportunity for alpha generation

P/E Bands of NIFTY MidCap 150 Index ^

80
67
70
60
Number of companies

50
42
40
30
20 15 13
10
0
<=20 20-25 25-30 >30
P/E Bands

Source : Bloomberg, Data as on 31st March 22.

* Top 100 Companies by Market Capitalization considered Large Caps, next 150 companies considered Mid Caps and companies beyond 250th company in terms of market capitalization considered Small Caps.
^ FY23 Forward PE as of 31st March 2022 considered for constituents of NIFTY Mid Cap 150 Index. FY23 Forward P/E not available for 13 companies in the Index

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4
 Valuation Landscape

Historical Valuations : Mid Cap Relative Valuation : Mid Cap vs Large Cap
30
30 Premium / Discount ( Mid Cap vs Large Cap)
1 Year forward P/E : Mid Caps
Avg Premium / Discount ( Average)
25
25 Mean+1SD

Discount (-ve)/ Premium (+ve) %

20
22.1
15
20
10 10.7
1 Year Forward P/E

17.5
5
15 1.4
0
(5)
10 (10)
(15)
5 (20)
Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22
NIFTY MidCap 100 Index 1 Year Forward P/E

5 Year Average 20.4

10 Year Average 17.5
As of 31-Mar-2022 22.1

Source:-Bloomberg, As of 31st March 2022

Proxies used : Large Cap – S&P BSE 100 , Mid Caps –NIFTY Mid Cap 100 Index used as proxy for Mid Caps due to unavailability of historical data for NIFTY Mid Cap 150 Index (Benchmark)

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5
 Risk Adjusted returns (Large Caps and Mid Caps)

Comparable risk adjusted returns over long term

Return - Risk Ratio (Mar’12- Mar’22) Average Annualized Monthly Returns & Volatility
(Mar’12 to Mar’22)
1.03
1.04
1.02
1.00
0.98 NIFTY 100 TRI NIFTY MidCap 150 TRI
0.98
0.96 Returns ^ 16.3% 21.4%
0.94 Volatility * 16.7% 20.8%
0.92
0.90
Nifty 100 TRI Nifty Midcap 150 TRI

Source : MFI
^ Returns based on Average monthly returns calculated on monthly rolling basis for respective Period (Mar’12 to Mar’22).
* Annualized volatility based on standard deviation of monthly rolling monthly returns for the respective period (Mar’12 to Mar’22).
# Return to Risk Ratio = Annualized Average of Monthly returns / Annualized Volatility for the period

Refer disclaimer on Page 30

6
HDFC Mid-Cap Opportunities Fund
 Why HDFC Mid-Cap Opportunities Fund

 Opportunity to invest in a portfolio of predominantly mid sized companies

 Aims to provide diversification to an investor’s overall equity mutual fund portfolio

 Experienced fund management and research teams with a track record of managing equity assets
across market cycles

 Emphasis on risk management – portfolio diversification across stocks and sectors; focus on good
quality businesses

 One of the largest fund in the mid-cap category with a track record of more than 15 years*

* In terms of Month end AUM as on March 31, 2022. Source – MFI.

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8
 Current Investment Approach of HDFC Mid-Cap Opportunities Fund

 To follow a stock specific approach

 Construct the portfolio on a bottom up basis
Investment
 Focus on good quality companies at acceptable valuations
Approach
 Long term orientation (resulting in low portfolio turnover)
 Stick to circle of competence

 Invest predominantly in mid cap companies

Investment  Maintains judicious diversification across stocks & sectors

Strategy  Identifying companies with sound financial strength and

sustainable business models, with reasonable growth prospects

The current investment strategy is subject to change depending on the market conditions.

Refer disclaimer on Page 30

9
 Portfolio Statistics

Top 10 Holdings (Mar’ 22) Portfolio Statistics Segment-wise break up

of equity holding

Company Name % to NAV Segment % of Total Assets

Cholamandalam Investment & Finance 6.0 Top 5 Holding (% of Net Assets) 22.1 Large Cap 4.4
Bharat Electronics Ltd. 4.4 Top 10 Holding (% of Net Assets). 37 Mid Cap 66.3
Indian Hotels Company Ltd. 4.1 Beta 0.888 Small Cap 25.5
Balkrishna Industries Ltd. 3.9 Portfolio Turnover Ratio (Last 1 Year) 16.10% Cash, Cash Equivalents 3.8
Sundram Fasteners Ltd. 3.7 Number of Stocks 65 and Net Current Assets
Max Healthcare Institute Limited 3.7 Fund Size (Rs in Crores) 31,309
Aarti Industries Ltd. 2.9
Ipca Laboratories Ltd. 2.9
Persistent Systems Limited 2.8
Hindustan Aeronautics Limited 2.7

Data is As of 31st March 2022

For complete portfolio, please refer www.hdfcfund.com

The Fund may or may not have any present or future positions in these stocks/sectors. The above statements / analysis should not be construed as an investment advice or a research report or a recommendation to buy or sell any security covered under the respective sector/s .

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10
 Portfolio Construct

Market Cap Break-Up

60 Scheme Benchmark 53
50 46

% of Net Assets
40 33
Portfolio is focused on Mid Caps backed 30
20
20 17
14
by robust investment process 10
14

0.3
0
Less than Rs 10,000 cr Rs 10,000 - Rs 20,000 cr Rs 20,000 - Rs 30,000 cr More than Rs 40,000 cr

Fund Size vs Weighted Average Market Cap

60,000 Scheme Category Average Benchmark
50,000 48,502

Weighted average market 40,000

39,961
31,309
capitalization lower than category average,

Rs Cr
30,000 27,019

in spite of larger fund size 20,000

10,000 6,112
-
Fund Size Weighted Average Market Cap

Benchmark Overlap %
Low Benchmark overlap provides an 100

% of Net Assets
opportunity for alpha generation 50
39 36 35 37

0
Mar-19 Mar-20 Mar-21 Mar-22

Source: MFI Explorer, Capitaline, Bloomberg Data as on 31st March 2022. Benchmark – NIFTY Midcap 150 TRI Index
For complete portfolio, refer our website www.hdfcfund.com. The current investment strategy is subject to change depending on the market conditions.

Refer disclaimer on Page 30

11
 How the portfolio stacks up on key parameters?

Scheme continues to be managed with a focus on good quality companies with strong balance
sheets, trading at reasonable valuations

Key Stats Scheme Benchmark

Number of companies 65 150 Fund Size has not constrained stock selection as is evident from
Weighted average market capitalization (Rs Cr) 27,019 39,961 weighted average market cap of the Scheme

12m Trailing Price/Earnings Ratio (P/E) 20.0 29.1 Emphasis on reasonable valuations retained in spite of increase
12m Forward Price/Earning Ratio (P/E) 18.0 24.7 in Fund Size
EPS Growth % CAGR (FY21 - FY24E) 20.7% 29.4%
Return on Equity FY21 (%) ^ 15.2% 12.3%
Focus on companies with strong balance sheets and prudent
Return on Capital Employed (Ex Financials) FY21 (%) ^ 15.9% 12.4%
capital allocation
Debt /Equity Ratio FY21 (Ex. Financials) 0.5 0.6

Source:-Bloomberg, Capitaline, MFI Explorer. As of 31st March 2022, Benchmark – NIFTY Midcap 150 TRI Index, EPS – Earnings per Share
^ EPS Growth/Return on Equity/Capital Employed for the Scheme/Benchmark has no correlation to the returns / expected returns of the Scheme/Benchmark
For complete portfolio, refer our website www.hdfcfund.com
Refer disclaimer on Page 30
12
 How the portfolio stacks up in terms of valuations?

Focus on good quality companies, trading at reasonable valuations

P/E Bands ^ - Scheme vs Benchmark

60
Scheme Benchmark

50
45

40

32
% of Net Assets

30
25

20
16
12 12 12 12
10
10 8 7 6

0
<=15 15-20 20-25 25-30 >30 NA

P/E Bands
Source:-Bloomberg, As of 31st March 2022, Benchmark – NIFTY Midcap 150 TRI Index, NA: Not Available
^ FY23 Forward P/E considered
For detailed portfolio refer www.hdfcfund.com.
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13
 Fund follows a consistent approach

While fund size has increased, portfolio approach has remained unchanged

18
16
Cash (% of total assets)
14
12
10
8
40 Portfolio Concentration and Fund Size 35,000 6
4
35 30,000 2
Portfolio Concentration (% of Total Assets)

30 0
25,000

Jun-19

Jun-20

Jun-21
Sep-19

Dec-19

Sep-20

Dec-20

Sep-21

Dec-21
Mar-19

Mar-20

Mar-21

Mar-22
25

Fund Size (Rs Cr)

20,000
20
15,000
15
10,000
10
No of companies in portfolio
5 5,000 100
No. of Scrips Average
0 0
90
Sep-19

Sep-20

Sep-21
Jun-19

Jun-20

Jun-21
Dec-19

Dec-20

Dec-21
Mar-19

Mar-20

Mar-21

Mar-22
80

AUM (Rs Crores) RHS Top 5 Allocation (%) LHS Top 10 Allocation (%) LHS 70 70

65
60

50

Source – MFI Data as on March 31, 2022. For detailed portfolio refer www.hdfcfund.com

Refer disclaimer on Page 30

14
 Sector-wise Allocation

Sector Allocation: Largely a function of bottom-up stock selection

25

20 Scheme Benchmark
% of Net Assets

15

10

- IT
Financial Services

Industrial Manufacturing

Consumer Goods

Pharma

Automobile

Oil & Gas

Chemicals

Power

Services

Construction

Metals

Healthcare Services

Cement & Cement Products

Textiles

Media & Entertainment

Telecom

Fertilisers & Pesticides

Source:-Bloomberg (Sector classification as per AMFI). As of 31st March 2022..For detailed portfolio refer www.hdfcfund.com. The Fund may or may not have any present or future positions in these stocks/sectors. The above statements / analysis should not be construed as an
investment advice or a research report or a recommendation to buy or sell any security covered under the respective sector/s .The same has been prepared on the basis of information, which is already available in publicly accessible media.

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15
 Sectoral Overweight / Underweights

Top 4 Overweight / (Underweight)

6.0
4.7
3.8 3.7
4.0
2.7

2.0
% of Net Assets

0.0

-2.0
(2.1)

-4.0
(3.8) (3.9)

-6.0
(6.2)

-8.0
AUTOMOBILE SERVICES FINANCIAL INDUSTRIAL PHARMA IT POWER OIL & GAS
SERVICES MANUFACTURING

Source:-Bloomberg (Sector classification as per AMFI). As of 31st March 2022..For detailed portfolio refer www.hdfcfund.com. The Fund may or may not have any present or future positions in these stocks/sectors. The above statements / analysis should not be construed as an
investment advice or a research report or a recommendation to buy or sell any security covered under the respective sector/s .

Refer disclaimer on Page 30

16
 Portfolio true to its label

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%
Sep-18

Dec-18

Sep-19

Dec-19

Sep-20

Dec-20

Sep-21

Dec-21
Mar-19

Mar-20

Mar-21

Mar-22
Jun-19

Jun-20

Jun-21
LARGE CAP(%) MID CAP(%) SMALL CAP(%) DEBT & OTHER (%)

The above Classification is as per SEBI circular (SEBI / HO/ IMD/ DF3/ CIR/ P/ 2017/ 114) dated October 6, 2017, the universe of “Large Cap” companies shall consist of first 100 companies, “Mid Cap” shall consist of 101st to 250th and “Small Cap” shall consist of companies below 250th
company in terms of full market capitalization.
For further details on investment strategy/asset allocation refer Scheme Information Document/Key Information Memorandum

Refer disclaimer on Page 30

17
 Low Portfolio Turnover Ratio – High Portfolio Conviction

Portfolio Turnover %

60

50

40

30

16.1
20

8.7
10

r -1
9
- 19 - 19 - 19 r -2
0
- 20 - 20 - 20 r -2
1
- 21 - 21 - 21 r -2
2
Ma J un S ep D ec Ma J un S ep D ec Ma J un S ep D ec Ma

Source: MFI, As on March 31, 2022.

For complete portfolio as on March 31, 2022 please refer www.hdfcfund.com

Refer disclaimer on Page 30

18
 Fund Performance

Scheme/Benchmark Returns Since Inception

CAGR (%)*

HDFC Mid-Cap Opportunities Fund – Growth (Scheme) 16.10%

100 Nifty Midcap 150 TRI (Benchmark) 13.90%
90
80
Fund vs Benchmark
70
Scheme Benchmark
60
50
40
30
20
10
0

r-08 r-09 r-10 r-11 r-12 r-13 r-14 r-15 r-16 r-17 r-18 r-19 r-20 r-21 r-22
Ma Ma Ma Ma Ma Ma Ma Ma Ma Ma Ma Ma Ma Ma Ma

Rs. 10,000 invested in HDFC Mid-Cap Opportunities, at inception, would have grown to Rs. 91,549 vis-à-vis Rs. 69,107 for Nifty Midcap 150 TRI as on March 31, 2022

Source: MFI, IISL. For Complete performance details please refer page 24-26. The NIFTY Midcap 150 TRI is indexed to a base unit of 10. Past performance may not be sustained in the future. HDFC Mutual Fund/AMC is not guaranteeing returns on investments made in this scheme. * Since
Inception date of HDFC Midcap Opportunities Fund – 25/06/2007. CAGR - Compounded Annual Growth Rate
For Complete performance and other details please refer page 24-26

Refer disclaimer on Page 30

19
 Resilient performance across market cycles

Outperformed in 6 out of 10 cycles & Minimised downside during market downswings

140%
120%
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%

P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11
HDFC Mid Cap Opportunities Fund -54.7% 103.3% -12.4% 4.5% 70.6% 17.9% -5.4% 1.3% -35.8% 57.0% 16.1%
Nifty Midcap 150 TRI -66.7% 112.6% -25.6% 1.9% 60.4% 20.3% -7.0% 2.4% -38.5% 64.0% 13.9%

P1- Global Financial Crisis Lows:-08-Jan-08 to 09-Mar-09, P7- LTCG on equities:-31-Jan-18 to 28-Mar-18
P2- Post Crisis Recovery:-09-Mar-09 to 09-Nov-10 P8 – Demonetisation & GST 28-Mar-18 to 07-Feb-20
P3- Eurozone debt crisis:-09-Nov-10 to 30-Jan-12, P9 – Covid-19 Pandemic – 07-Feb-20 to 23-Mar-20
P4- Policy paralysis:-30-Jan-12 to 31-Aug-13, P10 – Post Pandemic Recovery – 23-Mar-20 to 31-Mar-22
P5 - Oil Price correction:-31-Aug-13 to 31-Mar-15 P11 - Since Inception:-25-Jun-07* to 31-Mar-22
P6 - ECB easing and global growth stabilisation: 31-Mar-15 to 31-Jan-18
*Data since 25-June-07 (Inception date of HDFC Mid-cap Opportunities Fund)

Past performance may or may not be sustained in the future. Period : June 25, 2007 to Mar 31, 2022. The above returns are of Regular plan - Growth option. Returns greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of
performance. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan.
For Complete performance and other details please refer page 24-26. For Riskometer please refer pages 27-29.

Refer disclaimer on Page 30

20
 Consistent Performance Over Long Term

Returns CAGR ( %) 1 Year 3 Years 5 Years 7 Years 10 Years

More than 15% 48% 57% 66% 92% 92%

More than 10% 57% 75% 84% 100% 100%
More than 0% 75% 95% 100% 100% 100%
Less than 0% 25% 5% 0% 0% 0%
Number of Observations 3379 2895 2396 1904 1170

Over a 5 year horizon, investment in HDFC Mid-Cap Opportunities Fund has always yielded positive returns.
Further, in ~ 84% instances, returns exceeded 10% CAGR

Note : The above table shows the performance on a daily rolling returns basis for respective periods (1,3,5,7 and 10 years) since June 25, 2007. The % instances are calculated on the basis of total observations for respective rolling period. Rolling return period – June 25, 2007
to March 31, 2022

Past performance may or may not be sustained in the future. The above returns are of Regular plan - growth option. Returns greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. Different plans viz. Regular
Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Scheme Inception Date : Jun 25, 2007.
For Complete performance and other details please refer page no 24-26.

Refer disclaimer on Page 30

21
 Product Features

Type of Scheme An open ended equity scheme predominantly investing in mid cap stocks
Inception Date 25-Jun-07
Investment Objective To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the
investment objective of the Scheme will be realized.
Fund Manager $ Mr. Chirag Setalvad
Investment Plans Regular Plan & Direct Plan
Investment Options Under Each Plan: Growth & Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW Option offers IDCW Payout and Reinvestment facility

Minimum Application Purchase: Rs. 5,000 and any amount thereafter

Amount Additional Purchase: Rs. 1,000 and any amount thereafter
(Under Each Plan/Option)

Load Structure Entry Load: Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of
various factors including the service rendered by the ARN Holder.
Exit Load:
• In respect of each purchase / switch-in of units, an exit load of 1.00% is payable if units are redeemed / switched – out within 1 year from the date of allotment
• No exit load is payable if units are redeemed / switched – out after 1 year from the date of allotment
• In respect of systematic transactions such as SIP , STP etc exit load prevailing on the date of registration/enrolment shall be levied.

No Entry/ Exit Load shall be levied on bonus units and units allotted on IDCW reinvestment.
For further details on load structure, please refer to the Scheme Information Document.

Benchmark NIFTY Midcap 150 Index TRI

$ Fund Manager Overseas investment – Mr Sankalp Baid,

For further details, refer SID and KIM available on www.hdfcfund.com and at Investor Service Centres of HDFC Mutual Fund

Refer disclaimer on Page 30

22
 HDFC Mid-Cap Opportunities Fund – Asset Allocation Pattern

Under normal circumstances, the asset allocation (% of total assets) of the Scheme’s
portfolio will be as follows:

Types of Instruments Minimum Allocation Maximum Allocation Risk Profile

(% of Total Assets) (% of Total Assets)

Equity and Equity Related Instruments of Mid Cap companies** 65 100 High
Equity and Equity Related Instruments other than above 0 35 High
Debt Securities (including securitised debt) and money market instruments. 0 35 Low to Medium
Units issued by REITs and InvITs 0 10 Medium to High
Non-convertible preference shares 0 10 Low to Medium

** Investment universe of “Mid Cap”:

The investment universe of “Mid Cap” shall comprise companies as defined by SEBI from time to time. In terms of SEBI circular (SEBI / HO/ IMD/ DF3/ CIR/ P/ 2017/ 114) dated October 6, 2017, the universe of “Mid Cap” shall consist of 101st to 250th company in terms of full market
capitalization and that the Scheme will be required to adhere the following:
- The list of stocks of Mid Cap companies prepared by AMFI in this regard will be adopted.
- The said list would be uploaded on the AMFI website and would be updated every six months based on the data as on the end of June and December of each year or periodically as specified by SEBI.
- Subsequent to any updation in the said list as uploaded by AMFI, the portfolio of the Scheme will be rebalanced within a period of one month.
The Scheme may invest in the schemes of Mutual Funds in accordance with the applicable extant SEBI (Mutual Funds) Regulations as amended from time to time. The Scheme may invest upto a maximum 35% of the total assets in Foreign Securities and upto 100% of its total assets in
Derivatives.

Refer disclaimer on Page 30

23
 HDFC Mid-Cap Opportunities Fund – SIP Performance summary

An SIP since inception of Rs.10,000 invested systematically on the first business day of every
month (total investment ~Rs.17.80 lakh) in HDFC Mid-Cap Opportunities Fund would have
grown to ~Rs. 79.60 lakh by March 31, 2022 (Refer below table).

SIP Investments Since Inception* 10 year SIP 5 year SIP 3 year SIP 1 year SIP

Total Amount Invested (Rs. in 000) 1,780.00 1,200.00 600.00 360.00 120.00
Market Value as on March 31, 2022 (Rs. in 000) 7,960.55 3,087.89 939.21 539.64 127.43
Returns(%) 18.27 17.99 17.99 28.19 11.74
Benchmark Returns(%)# 16.98 18.99 20.49 31.74 11.38
Additional Benchmark Returns(%)## 13.14 14.70 17.41 23.02 12.95

HDFC Mid-Cap Opportunities Fund – Assuming Investment of Rs 10,000 on the first Business Day of every Month over a period of time.

Past performance may or may not be sustained in the future. 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. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Scheme managing since Jun 25,
2007. *The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. # Benchmark Index: NIFTY Midcap 150 TRI (Total Returns Index), ## Additional Benchmark Index: NIFTY 50 (Total Returns
Index). $ Scheme Inception Date : Jun 25, 2007. Returns as on March 31, 2022.

Refer disclaimer on Page 30

24
 HDFC Mid-Cap Opportunities Fund – Scheme Performance summary

NAV as on March 31, 2022 is Rs. 90.785 (per unit)

Value of `10,000 invested

Period Scheme Benchmark Additional Benchmark Scheme (Rs) Benchmark (Rs)# Additional Benchmark
Returns (%) Returns (%)# Returns(%)## (Rs) ##

Last 1 Year 23.67 25.05 20.26 12,367 12,505 12,026

Last 3 Years 17.23 20.72 15.82 16,130 17,622 15,557
Last 5 Years 12.75 15.35 15.14 18,231 20,425 20,246
Since Inception* 16.10 13.88 11.32 90,785 68,239 48,761

Past performance may or may not be sustained in the future. TRI - Total Returns Index. Returns as on March 31, 2022. Different plans viz. Regular Plan and Direct Plan have different expense structure. The expenses of the Direct Plan under the scheme will be lower to the
extent of the distribution expenses/commission charged in the Regular Plan. Returns greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of above performance(s).
*Inception Date: June 25, 2007. The Scheme is managed by Mr. Chirag Setalvad since June 25, 2007.
# Benchmark Index: NIFTY Midcap 150 Index TRI. ## Additional Benchmark Index: NIFTY 50 TRI.
Since Inception Date = Date of First allotment in the Scheme / Plan.

Refer disclaimer on Page 30

25
 Performance of other funds managed by Chirag Setalvad, Fund Manager of HDFC Mid-Cap Opportunities
Fund ( who manages total 4 schemes which have completed 1 year)

Managing Scheme since Last 1 Year (%) Last 3 Years (%) Last 5 Years (%)

HDFC Small Cap Fund 28-Jun-14 34.35 16.69 16.12

Benchmark-S&P BSE 250 SmallCap TRI 34.29 20.00 11.98
HDFC Hybrid Equity Fund 2-Apr-07 18.04 13.41 11.72
Benchmark-NIFTY 50 Hybrid Composite Debt 65:35 Index 14.93 14.01 12.96
HDFC Children's Gift Fund 2-Apr-07 18.95 14.45 12.80
Benchmark-NIFTY 50 Hybrid Composite Debt 65:35 Index 14.93 14.01 12.96

The above returns are of Regular Plan - Growth Option. On account of difference in the type of the Scheme, asset allocation, investment strategy, inception dates, the performance of these schemes is strictly not comparable.
Past performance may or may not be sustained in the future. TRI - Total Returns Index. N.A. - Not Applicable. Returns as on March 31, 2022. Different plans viz. Regular Plan and Direct Plan have different expense structure.
The expenses of the Direct Plan under the scheme will be lower to the extent of the distribution expenses/commission charged in the Regular Plan. Returns greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of
above performance(s).

Refer disclaimer on Page 30

26
 Product Labelling & Riskometer

HDFC MID-CAP OPPORTUNITIES FUND Modera

oderate High tely
(An open-ended equity scheme predominantly investing in mid cap stocks) is suitable for
ot te M Hi
investors who are seeking* w era

Mo Lo

gh
d
 To generate long-term capital appreciation / income

Very
Low

High
 Investment predominantly in Mid-Cap companies

*Investors should consult their financial advisers if in doubt about whether the product is suitable for RISKOMETER
them. Investors understand that their principal
will be at very high risk

Refer disclaimer on Page 30. Riskometer as on March 31, 2022

27
Riskometer as on March 31, 2022 26
 Benchmark & Riskometer

Refer disclaimer on Page 30. Riskometer as on March 31, 2022

28
 Benchmark & Riskometer

Refer disclaimer on Page 30. Riskometer as on March 31, 2022

29
Disclaimer

The presentation dated 21st April 2022 has been prepared by HDFC Asset Management Company Limited (HDFC AMC) 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 given is for general
purposes only. Past performance may or may not be sustained in future. The current investment strategies are subject to change depending on market conditions. The statements are
given in summary form and do not purport to be complete. The views / information provided do not have regard to specific investment objectives, financial situation and the particular
needs of any specific person who may receive this information. 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 may include statements of future expectations and other forward-looking statements that 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.
Stocks/Sectors referred in the presentation are illustrative and should not be construed as an investment advice or a research report or a recommended by HDFC Mutual Fund / HDFC
AMC. The Fund may or may not have any present or future positions in these sectors. HDFC Mutual Fund/ HDFC AMC is not guaranteeing any returns on investments made in the
Scheme(s). The data/statistics are given to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. Neither
HDFC AMC and HDFC Mutual 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. For complete portfolio/details refer to our website www.hdfcfund.com

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY

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