hdfc-cov-may12 - samitjhaveri.com 2012/hdfc mf may 2012… · release of ‘bhakta prahlada’ in...

Vol. No. 9 Issue No. 11

May 2012

2 May 2012 Intouchmutually

PPAAGGEE NNOO..MARKET REVIEW 3EDITORIAL 4FEATURES OF OUR SELECT SCHEMES 5-11HDFC GROWTH FUND 12HDFC EQUITY FUND 12HDFC TOP 200 FUND 13HDFC CAPITAL BUILDER FUND 13HDFC CORE & SATELLITE FUND 14HDFC PREMIER MULTI-CAP FUND 14HDFC MID-CAP OPPORTUNITIES FUND 15HDFC LONG TERM EQUITY FUND 15HDFC INFRASTRUCTURE FUND 16HDFC ARBITRAGE FUND 16HDFC INDEX FUND - SENSEX PLAN 17HDFC INDEX FUND - NIFTY PLAN 17HDFC INDEX FUND - SENSEX PLUS PLAN 18HDFC GOLD EXCHANGE TRADED FUND 18HDFC GOLD FUND 18HDFC BALANCED FUND 19HDFC PRUDENCE FUND 19HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN 20HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN 20HDFC LONG TERM ADVANTAGE FUND 21HDFC TAXSAVER 21SIP PERFORMANCE OF SELECT SCHEMES 22-23HDFC MF MIP - SHORT TERM PLAN 24HDFC MF MIP - LONG TERM PLAN 24HDFC MULTIPLE YIELD FUND 25HDFC MULTIPLE YIELD FUND - PLAN 2005 25HDFC INCOME FUND 26HDFC HIGH INTEREST FUND 26HDFC SHORT TERM PLAN 27HDFC HIGH INTEREST FUND - SHORT TERM PLAN 27HDFC GILT FUND - SHORT TERM PLAN 28HDFC GILT FUND - LONG TERM PLAN 28HDFC FLOATING RATE INCOME FUND - SHORT TERM PLAN 29HDFC FLOATING RATE INCOME FUND - LONG TERM PLAN 29HDFC LIQUID FUND 30HDFC CASH MANAGEMENT FUND - SAVINGS PLAN 30HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN 31HDFC CASH MANAGEMENT FUND - CALL PLAN 31HDFC SHORT TERM OPPORTUNITIES FUND 32HDFC MEDIUM TERM OPPORTUNITIES FUND 32SCHEME PERFORMANCE SUMMARY (FUND MANAGER-WISE) 33-44DIVIDEND HISTORY 45-47DISCLAIMER 47

CONTENTS

The Indian markets corrected for the thirdstraight month on the back of moderatingdomestic growth and uncertainty over the

Euro zone’s prospects. The SENSEX & the Niftyfell more than 6% each. The broader markets sawan even larger correction, with the CNX MidcapIndex falling 7.7%.

During the month, global markets faced a slewof negative news including a sharp rise in Spain’sborrowing cost, uncertainty surrounding theupcoming Greek elections and all time high Eurozone unemployment. Consequently, world marketssaw a sharp correction, with the German DAX,French CAC, and US Dow Jones falling 6-7%. Asiamirrored this sentiment with the Hong Kong HSIand Japanese Nikkei falling 9-11%. The MSCIemerging markets Index fell 10.7%, with Europehaving an exaggerated effect on emerging markets.

In commodities, Brent corrected to $103/bbl(falling 14.3% in May) as economic concerns indeveloped economies & China stoked fears oflower fuel demand. This was further helped by thestrength in the USD. Other commodities followedsuit with Copper, Zinc, Lead and Nickel falling 8-12%. Aluminium saw a milder fall of just 6% onhigher cost of production and supply cuts globally.Prices of precious metals also corrected as moneyflew into US treasuries instead.

The domestic front also saw a spate of badnews. Industrial production fell 3.5% y/y inMarch, owing to a slowdown in manufacturingand mining. Inflation for April was also higherthan expected at 7.23%, and GDP growth for

March quarter slowed to just 5.3%, making it theslowest quarter in 9 years. On the brighter side,oil-marketing companies finally managed to raisepetrol prices by INR 7.5/litre. Hikes in diesel,kerosene & LPG prices were debated to bringdown the widening fiscal deficit. Fourth quartercorporate results were mixed with pressure on bothsales and profit growth. Margins were lower ascompanies paid higher wages & interest, andlower commodity prices were offset by a weakerRupee.

In such a negative environment it is worthremembering Sir John Templeton’s sage advicethat “Bull markets are born on pessimism, grow onskepticism, mature on optimism and die on eupho-ria.” The Sensex now trades at 13x FY13 EPS,which is meaningfully below its long-term averagevaluations. With the global economy slowing,commodity prices have begun to correct. Any sus-tained correction in crude and gold prices wouldhave a beneficial impact on the fiscal and currentaccount deficit. It would give policy makers moreflexibility and enable a more benign interest rateregime. Policy makers are also belatedly recogniz-ing the negative impact of their delayed decisionmaking and hopefully this will result in a pick upin activity levels. India remains a growth economyavailable at reasonable valuations. For investorswith a tolerance for volatility there lies merit ininvesting in equity markets.

Source for various data points: Bloomberg & publicly available data.

Equity market update

During the month of April 2012, the yield on10-year Government benchmark bondended higher at 8.67% as against 8.54% in

March 2012.During the month of May 2012, the yield on 10-

year Government benchmark bond ended lower at8.50% as against 8.67% in April 2012.

The average LAF during the month was negative ` 98,485 crs as compared to negative ` 1,02,469 crs in April 2012. The NSE overnightMIBOR ended at 8.14% lower than the rate seen inend April (8.37%).

The annual rate of inflation, based on monthlyWPI, stood at 7.23% (Provisional) for the month ofApril 2012 as compared to 6.89% (Provisional) forthe previous month and 9.74% during the corre-sponding month of the previous year.

The INR depreciated to 56.11 against the USdollar as compared to 52.74 at the end of previousmonth, a fall of 6.4% for the month. The net FII

investments in equities & debt was an inflow ofUSD 597.39 million in May 2012 as compared toan outflow of USD 926.77 million in April 2012.

The industrial production (IIP) data for themonth of March 2012 showed a contraction of3.5% over the previous year as against 4.1%growth in the previous month. The slow down inMarch was largely broad based across all sectorswith mining, manufacturing, and capital goods allcontracting.

India’s 4QFY12 GDP growth touched a nineyear low of 5.3%, significantly lower than consen-sus expectations of 6.1% growth. The slow downin 4QFY12 GDP growth has resulted in govern-ment’s advance GDP estimate for full year FY12being revised down from 6.9% to 6.5%.

Source for various data points: Bloomberg & publicly available data.

Debt market update

May 2012 3Intouchmutually

Market Review - May 2012

When Dadasaheb Phalke made ‘RajaHarishchandra’ — a silent film inMarathi that was the first full-

length motion picture produced in India —in 1913 and had it screened in a Mumbaitheatre on 3 May that year, little did herealise that he was laying the foundation forwhat would become one of the biggest filmindustries in the world. Indian cinemaentered its 100th year in May 2012, andwill complete its centenary next May.Between 1913 and today it has undergonesuch a sea change that Phalke, had he beenalive today, would not have recognized it.

Today, more than 1,000 films are madeevery year, in several languages, and Indiancinema has crossed several milestones. Thesilent era that began with Phalke endedwhen ‘Alam Ara’, the first talkie (made byArdeshir Irani), debuted in a theatre inMumbai on 14 March, 1931. The talkieschanged the face of Indian cinema — actorsnow needed not only good looks and agood voice, but also singing skills, becausemusic became a defining element in Indiancinema. The year 1931 also marked theadvent of south Indian cinema, with therelease of ‘Bhakta Prahlada’ in Telugu and‘Kalidas’ in Tamil.

The year 1937 saw Indian cinema reach-ing another landmark, when ‘Kisan Kanya’(a film based on a novel by Saadat HasanManto) produced by Ardeshir Irani becameIndia’s first indigenously made colour film.But colour was the exception. Most films,right until the late 1950s, were made inblack and white. In 1960, only one colourfilm, ‘Angulimala’, was made. It was themassive success of colour films like‘Junglee’ and ‘Ganga Jamuna’, released in1961, that finally established the ascendan-cy of colour. In 1964, more than 10 Hindifilms were made in colour; by the late1960s, colour had become the norm.

There were other landmarks along theway — Sohrab Modi’s ‘Jhansi Ki Rani’ (in1953) became the first film to be shot inTechnicolor; the first 70-mm film withstereophonic sound was ‘Around TheWorld’ (1967), while G P Sippy’s ‘Sholay’(1975) was shot in the 70-mm format along with four-track stereophonic sound;the first 3D movie made in India was theMalayalam film ‘My Dear Kuttichathan’ in 1984, and the first 3D Hindi movie

was ‘Shiva ka Insaaf’, made in 1985.Finally, ‘Sivaji: The Boss’, a Tamil filmmade in 2007, is the first Indian film whichincorporated the latest 4K resolution tech-nology that is used only in big-budgetHollywood movies.

The winning formula at the box office —songs, dance, drama, romance and fantasy— had taken shape long before, when‘Kismet’ (starring Ashok Kumar) became abig hit in 1945. In the 1950s the earlier reli-gious and spiritual themes of the first twodecades also to an extent gave way to socialthemes relevant to the times. They wereentertaining and at the same time became apotent medium to educate the masses. Bythen, ticket prices had already been set atlevels that made cinema an affordablesource of entertainment.

Today, Indian movies have touchedalmost every genre of entertainment, be itromances, films about the underworld,action thrillers, or rollicking comedies.With a substantial Indian diaspora scat-tered across the United States, Europe, andAfrican and Asian countries, Indian film-makers have in recent years also been mak-ing films with themes meant to appeal tonon-resident Indian audiences. Predictably,many more movies are now shot in theseforeign locales. A good chunk of their rev-enues also come from overseas markets.

The movie viewing experience has alsobeen transformed beyond recognition, asthe simple, low-tech theatres of yesteryearhave given way to multiplexes with digitalsound and 3D screens. In the year 2000,when the multiplex trend started, therewere only 14 such cinema halls; today thereare more than 1,100. In early 2009, therewere only 12 3D screens in India; todaythere are 200.

But the very range of entertainmentoptions available to the movie-goer —explosive growth in cable and satellite tele-vision channels, as well as online video,and the circulation of pirated DVDs — nowposes a threat to film-makers. What Indiancinema will look like another 100 yearshence is anyone’s guess.

B S REPORTER

This article is issued in general investor interest.

Please refer Page No. 47 for disclaimer

A century of Indian cinema

Intouchmutually4 May 2012

Intouchmutually May 2012 5

NNaattuurree ooff SScchheemmee

IInnvveessttmmeenntt OObbjjeeccttiivvee

FFuunndd MMaannaaggeerr

IInncceeppttiioonn DDaattee((DDaattee ooff AAlllloottmmeenntt))

EEnnttrryy // SSaalleess LLooaadd

EExxiitt LLooaadd

IInnvveessttmmeennttPPllaann // OOppttiioonnss

MMiinniimmuumm AApppplliiccaattiioonn AAmmoouunntt((UUnnddeerr eeaacchh PPllaann))

LLoocckk-iinn PPeerriioodd

NNeett AAsssseett VVaalluuee((NNAAVV))

RReeddeemmppttiioonnPPrroocceeeeddss

HDFC Growth Fund

Open-ended Growth Scheme

To generate longterm capital appreciation from a portfolio that is invested predominantly inequity and equityrelated instruments.

Srinivas Rao Ravuri(since Apr 3, 06)#

September 11, 2000

Growth & Dividend

Nil

Every Business Day

Normally despatchedwithin 3-4 BusinessDays.

HDFC Equity Fund


To achieve capital appreciation.

Prashant Jain(since Jun 19, 03)*#

January 1, 1995

Growth & Dividend

Nil

Every Business Day


HDFC Top 200 Fund


To generate longterm capital appreciation from aportfolio of equityand equity-linkedinstruments primarilydrawn from the companies in BSE200 index.

Prashant Jain(since Jun19, 03)*#

October 11, 1996

Growth & Dividend

Nil

Every Business Day


HDFC Capital Builder Fund


To achieve capital appreciation in the long term.

Chirag Setalvad(since April 2, 07) & Miten Lathia(since May 10, 12)#

February 1, 1994

Growth & Dividend

Nil

Every Business Day


HDFC Core &Satellite


To generate capital appreciation through equity investment in companies whoseshares are quoting at prices below theirtrue value.

Vinay Kulkarni(since Nov 21, 06)#

September 17, 2004

Growth & Dividend

Nil

Every Business Day

Normally despatched within 3-4 BusinessDays.

HDFC Premier Multi-Cap Fund


To generate capital appreciation in thelong term throughequity investments by investing in a diversified portfolio of Mid Cap & LargeCap ‘blue chip’ companies.

Vinay Kulkarni(since Nov 21, 06)#

April 6, 2005

Growth & Dividend

Nil

Every Business Day


HDFC Mid-CapOpportunities Fund

Open-ended Equity Scheme

To generate long-termcapital appreciationfrom a portfolio that is substantially constituted of equityand equity relatedsecurities of Small andMid-Cap companies

Chirag Setalvad (SinceJune 25, 07) #

June 25, 2007

Growth and Dividend

Nil

Every Business Day


NNoott AApppplliiccaabbllee.. 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.

Purchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.

The Dividend Option offers Dividend Payout and Reinvestment facility.

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11* Date of migration from Zurich India Mutual Fund# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012).

● In respect of eeaacchh purchase / switch-in of Units, an Exit Load of 1% 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.

No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.

Features of our select schemes





FFuunndd MMaannaaggeerr



EExxiitt LLooaadd


MMiinniimmuumm AApppplliiccaattiioonn AAmmoouunntt((UUnnddeerr eeaacchh PPllaann))




HDFC Long Term Equity Fund


To achieve long-term capitalappreciation

Srinivas Rao Ravuri (SinceFebruary 10, 06) #

February 10, 2006

● In respect of eeaacchhpurchase / switch-in ofUnits, an Exit Load of 1% is payable if units areredeemed / switched-outwithin 1 year from the date of allotment.

● No Exit Load is payable ifUnits are redeemed /switched-out after 1 yearfrom the date of allotment.

Nil

Every Business Day

Normally despatched within 3-4 Business days

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012). $ All applications for purchase of units including additional purchases for an amount of ` 5 Lakhs and above will be accepted with payment mode only as Real Time Gross Settlement (RTGS) /National Electronic Funds Transfer(NEFT)/Funds Transfer Letter/ Transfer Cheque of a bank where the Scheme has a collection account. Any application for an amount of ` 5 Lakhs and above with payment mode other than the above will be rejected.

HDFC Index Fund

Open-ended Index Linked Scheme

NNiiffttyy PPllaann :: To generate returns that arecommensurate with the performance ofthe Nifty, subject to tracking errors.SSEENNSSEEXX PPllaann :: To generate returns that are commensurate with the performance of the SENSEX, subject to tracking errors.SSEENNSSEEXX PPlluuss PPllaann :: To invest 80 to 90% of the net assets of the Plan in companieswhose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX.

Vinay Kulkarni (since Dec 29, 06)

July 17, 2002

Nil

No Load shall be levied on bonus units.

Nifty Plan, SENSEX Plan andSENSEX Plus PlanAt present, each Plan offers Growth Option only.

Purchase : ` 5,000 and any amount thereafter. $Additional Purchase : ` 1,000 and any amount thereafter. $

Nil

Every Business Day

Normally despatched within3-4 Business Days.

HDFC Arbitrage Fund

Open ended Equity Fund

To generate income through arbitrageopportunities between cash and derivativemarket and arbitrage opportunities withinthe derivative segment and by deploymentof surplus cash in debt securities andmoney market instruments.

Anil Bamboli (since Oct 23, 07)#

October 23, 2007

RReettaaiill PPllaann && WWhhoolleessaallee PPllaann● In respect of eeaacchh purchase / switch-in

of Units, an Exit Load of 0.50% ispayable if units are redeemed /switched-out within 6 months from the date of allotment.

● No Exit Load is payable if Units areredeemed / switched-out after 6months year from the date of allotment.

Wholesale Plan and Retail Plan – Both Planoffers Growth and Dividend Option. DividendOption offers Quarterly Dividend Option withPayout and Reinvestment Facility.

Wholesale Plan: Purchase / AdditionalPurchase : `1 Crore and any amount thereafter.Retail Plan: Purchase / Additional Purchase : `5,000 and anyamount thereafter.

Nil

Every Business Day

Normally despatched within 3-4 Business days.

HDFC Infrastructure Fund


To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growthand development of infrastructure

Prashant Jain and Srinivas RaoRavuri (Since March 10, 08) #

March 10, 2008

● In respect of eeaacchhpurchase / switch-in of Units, an Exit Load of 1% is payable if units areredeemed / switched-out within 1 year from the date of allotment.

● No Exit Load is payable if Unitsare redeemed / switched-outafter 1 year from the date ofallotment.

Nil

Every Business Day

Normally despatched within 3-4 Business days

NNoott AApppplliiccaabbllee.. 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.


Growth and Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility.






FFuunndd MMaannaaggeerrss



EExxiitt LLooaadd


MMiinniimmuumm AApppplliiccaattiioonn AAmmoouunntt




^̂ EElliiggiibbiilliittyy ((ooff UUnniitt hhoollddeerr)) :: Children less than 18 years of age as on the date of investment by the Investor / Applicant are eligible as Unit holders in the Scheme. @@ Personal Accident Insurance Cover for Parent / Legal Guardian(upto the age of 80 years) of the Unit holder, equivalent to 10 times the cost value of the outstanding Units held by the Unit holder under all the applications / account statements / folios, subject to a maximum amount of ` 10lakhs 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 are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11* Date of migration from Zurich India Mutual Fund # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012).

HDFC Prudence Fund

Open-ended Balanced Scheme

To provide periodic returns and capital appreciation over a long period of time from a judicious mix of equity and debt invest-ments with an aim to prevent /minimise any capital erosion.

Prashant Jain (since Jun 19, 03)*#

February 1, 1994

Nil

Every Business Day

Normally despatched within 3-4 Business Days.

HDFC Long Term Advantage Fund Open-ended Equity LinkedSavings Scheme with alock-in period of 3 years

To generate long term capital appreciation from aportfolio that is investedpredominantly in equityand equity-related instruments.

Chirag Setalvad (since April 2, 07)#

January 2, 2001

Nil

3 years from the date of allotment of the respective Units (includingUnits allotted under dividend reinvestment)

Every Business Day

Normally despatched within 3-4 Business Days(Redemption is subject tocompletion of Lock-inPeriod, if applicable).

HDFC TaxSaver

Open-ended Equity LinkedSavings Scheme with alock-in period of 3 years

To achieve long termgrowth of capital.

Vinay Kulkarni (since Nov 21, 06)#

March 31, 1996

Nil

3 years from the date of allotment of the respective Units (includingUnits allotted under dividend reinvestment)

Every Business Day

Normally despatched within 3-4 Business Days(Redemption is subject tocompletion of Lock-inPeriod, if applicable).

HDFC Children’s Gift Fund^@Open-ended Balanced Scheme

The primary objective of boththe Plans viz. Investment Plan& Savings Plan under theScheme is to generate longterm capital appreciation.


March 2, 2001

● For Units subject to Lock-inPeriod: NIL

● For Units not subject to Lock-in Period: 3% if theUnits are redeemed /switched-out within one year from the date of allotment; 2% if the Unitsare redeemed / switched-outbetween the first and secondyear of the date of allotment;1% if Units are redeemed /switched-out between thesecond and third year of thedate of allotment; Nil if the Units are redeemed /switched -out after third year from the date of allotment.

IInnvveessttmmeenntt PPllaann (EquityOriented)SSaavviinnggss PPllaann (Debt Oriented)

IIff oopptteedd :: Until the Unit holder(being the beneficiary child)attains the age of 18 years oruntil completion of 3 yearsfrom date of allotment,whichever is later.

Every Business Day

Normally despatched within 3-4 Business Days (Redemptionis subject to completion of Lock-in Period, if opted).

For Purchase & Additional Purchase : ` 500 and inmultiples of ` 500 thereafter.

HDFC Balanced Fund

Open-ended Balanced Scheme

To generate capital appreciation along with current income from a combined portfolio of equity & equity-related and debt &money market instruments.


September 11, 2000

Nil

Every Business Day





Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility.

Growth & Dividend. The Dividend Option offersDividend Payout and Reinvestment facility

● In respect of eeaacchh purchase / switch-in of Units, an ExitLoad of 1% is payable if units are redeemed / switched-outwithin 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.



Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012).

HDFC Income Fund

Open-ended Income Scheme

To optimise returns while maintaining a balance of safety, yield and liquidity.

Shobhit Mehrotra(since Sep 1, 07)#

September 11, 2000

● In respect of eeaacchh purchase /switch-in of Units, an ExitLoad of 0.5% is payable ifunits are redeemed /switched-out within 6 months from the date of allotment.

● No Exit Load is payable ifUnits are redeemed /switched-out after 6 monthsfrom the date of allotment.

Nil

Every Business Day


HDFC Multiple Yield Fund– Plan 2005


To generate positive returns over medium time frame withlow risk of capital loss overmedium time frame.

Chirag Setalvad (Equities), (since April 2, 07)Anil Bamboli (Debt)(since Aug 17, 05)#

August 17, 2005

● In respect of eeaacchh purchase/ switch-in of Units, an ExitLoad of 1% is payable ifunits are redeemed /switched-out within 15months from the date of allotment.

● No Exit Load is payable ifUnits are redeemed /switched-out after 15months from the date ofallotment.

Nil

Every Business Day

Normally depatched within 3-4 Business Days.

HDFC Multiple Yield Fund


To generate positive returnsover medium time frame withlow risk of capital loss overmedium time frame.

Vinay Kulkarni (Equities), (since Nov 21, 06)Anil Bamboli (Debt)(since Sep 17, 04)#

September 17, 2004

● In respect of eeaacchh purchase/ switch-in of Units, an ExitLoad of 1% is payable ifunits are redeemed /switched-out within 1 year from the date of allotment.

● No Exit Load is payable ifUnits are redeemed /switched-out after 1 yearfrom the date of allotment.

Nil

Every Business Day

Normally depatched within 3-4 Business Days.






EExxiitt LLooaadd






Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility.

Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter.

HDFC MF Monthly Income Plan(HDFC MF MIP)

An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus

The primary objective of Scheme is to generate regularreturns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme’sassets in equity and equity related instruments.

LTP – Prashant Jain (Equities) (since Dec 26, 03),Shobhit Mehrotra (Debt) (since Sep 1, 07)#,STP – Vinay Kulkarni (Equities) (since Nov 21, 06),Shobhit Mehrotra (Debt) (since Feb 16, 04)#

December 26, 2003

FFoorr SShhoorrtt-TTeerrmm PPllaann ((SSTTPP)) && LLoonngg-TTeerrmm PPllaann ((LLTTPP))● In respect of eeaacchh purchase / switch-in of Units, an

Exit Load of 1% 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.

SSTTPP && LLTTPP.. Each Plan offers Growth, Monthly Dividend &Quarterly Dividend Option. The Dividend Option offersDividend Payout and Reinvestment facility.

SSTTPP :: Purchase : (Growth & Quarterly Dividend Option) – ` 5,000 andany amount thereafter under each Option.(Monthly Dividend Option) – ` 25,000 and any amountthereafter. Additional Purchase : ` 1,000 and any amount thereafter.LLTTPP :: Purchase :(Growth & Quarterly Dividend Option) – ` 5,000 andany amount thereafter under each Option.(Monthly Dividend Option) – ` 25,000 and any amountthereafter.Additional Purchase : ` 1,000 and any amount thereafter.

Nil

Every Business Day











EExxiitt LLooaadd






HDFC Cash Management Fund

SSaavviinnggss && CCaallll PPllaann:: Open-ended High LiquidityIncome SchemeTTrreeaassuurryy AAddvvaannttaaggee PPllaann:: Open-ended Income Scheme

SSaavviinnggss && CCaallll PPllaann:: To generateoptimal returns while maintainingsafety and high liquidity.TTrreeaassuurryy AAddvvaannttaaggee PPllaann:: To generate regularincome through investment in debt securities and money market instruments.

TTrreeaassuurryy AAddvvaannttaaggee PPllaann – Anil Bamboli(since Sep 1, 07)#CCaallll PPllaann – Bharat Pareek (since May 23, 08)#,Savings Plan – Bharat Pareek (w.e.f. Oct 1, 09)#

SSaavviinnggss && TTrreeaassuurryy AAddvvaannttaaggee PPllaann ((RReettaaiill OOppttiioonn)):: November 18, 1999TTrreeaassuurryy AAddvvaannttaaggee PPllaann ((WWhhoolleessaallee OOppttiioonn)):: April 23, 2007CCaallll PPllaann :: February 6, 2002

SSaavviinnggss,, TTrreeaassuurryy AAddvvaannttaaggee && CCaallll PPllaann :: Nil

SSaavviinnggss PPllaann && CCaallll PPllaann :: Growth Option & Daily Dividend Option (with Reinvestment facility only). Savings Plan also offers WeeklyDividend Option (with Payout and Reinvestment facility). TTrreeaassuurryy AAddvvaannttaaggee PPllaann :: ((RReettaaiill aannddWWhhoolleessaallee OOppttiioonn)) Growth and DividendOption. Dividend Option offers Daily DividendOption with Reinvestment facility only andWeekly and Monthly Dividend Option with Payout and Reinvestment facility.

SSaavviinnggss PPllaann && CCaallll PPllaann :: Purchase ` 10,000and any amount thereafter; Additional Purchase` 5,000 and any amount thereafter.TTrreeaassuurryy AAddvvaannttaaggee PPllaann –– RReettaaiill OOppttiioonnGrowth, Weekly and Monthly Dividend Option :Purchase ` 5,000 and any amount thereafter.Additional Purchase: ` 1,000 and any amountthereafter.Daily Dividend Option : Purchase ` 10,000 and any amount thereafter; Additional Purchase` 5,000 and any amount thereafter.TTrreeaassuurryy AAddvvaannttaaggee PPllaann –– WWhhoolleessaallee OOppttiioonnPurchase : ` 1 Crore and any amount thereafter.Additional Purchase : ` 1 and any amount thereafter.

Nil

SSaavviinnggss && CCaallll PPllaann:: All Year RoundTTrreeaassuurryy AAddvvaannttaaggee PPllaann:: Every Business Day

SSaavviinnggss && CCaallll PPllaann :: Normally despatchedwithin 1 Business Day.TTrreeaassuurryy AAddvvaannttaaggee PPllaann:: Normally despatched within 3-4 Business Days.

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012). *The Weekly Dividend Option with Payout and Reinvestment facility under HLF - Premium Plus Plan has been discontinued with effect from May 11, 2012. **Reduced from ` 5,00,00,000 and any amount thereafter with effect from May 11, 2012.

HDFC Short Term Plan (STP)


To generate regular income through investment in Debt Securities and MoneyMarket Instruments.

Anil Bamboli (since Jan 13, 04)#

February 28, 2002

● In respect of eeaacchh purchase /switch-in of Units, an Exit Load of0.50% is payable if units areredeemed / switched-out within6 months from the date of allotment.

● No Exit Load is payable if Unitsareredeemed / switched-out after 6 months from the date of allotment.

Growth & Dividend (Dividend Option offers Payout and Reinvestment facility).

Purchase : ` 5,000 and any amountthereafter.Additional Purchase : ` 1,000 and anyamount thereafter.

Nil

Every Business Day


HDFC Liquid Fund (HLF)

Open-ended Liquid Income Scheme

To enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money market and debtinstruments.

Shobhit Mehrotra (since Feb 16, 04)#

HHLLFF :: October 17, 2000HHLLFF –– PPrreemmiiuumm PPllaann && HHLLFF –– PPrreemmiiuumm PPlluuss PPllaann ::February 24, 2003

Nil

HHLLFF && HHLLFF –– PPrreemmiiuumm PPllaann:: Each Plan offersGrowth & Dividend Option.HLF – The Dividend Option offers Daily DividendOption (Reinvestment facility only) and Weeklyand Monthly Dividend Option (with Payout andReinvestment facility).HLF Premium Plan – The Dividend Option offersDaily Dividend Option (with Reinvestment facilityonly) and Weekly Dividend Option (with Payoutand Reinvestment facility).HHLLFF - PPrreemmiiuumm PPlluuss PPllaann offers Growth Option*

HHLLFF :: Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and anyamount thereafter.HHLLFF –– PPrreemmiiuumm PPllaann (Purchase)** :: ` 1,00,00,000 and any amount thereafter.HHLLFF –– PPrreemmiiuumm PPlluuss PPllaann (Purchase) : ` 20,00,00,000 and any amount thereafter.HHLLFF –– PPrreemmiiuumm PPllaann && HHLLFF –– PPrreemmiiuumm PPlluuss PPllaann(Additional Purchase) : ` 1 and and any amountthereafter.

Nil

All Year Round

Normally despatched within 1 Business Day.

HDFC High Interest Fund (HHIF)


To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximise income while maintaining the optimum balance of yield, safety and liquidity.

Anil Bamboli (HHIF) (since Feb 16, 04)#, Shobhit Mehrotra – STP (since Sep 1, 07)#

HHHHIIFF :: April 28, 1997HHHHIIFF-SSTTPP :: February 6, 2002

HHHHIIFF ::● In respect of eeaacchh purchase / switch-in

of Units, an Exit Load of 0.50% ispayable if units are redeemed /switched-out within 3 months from thedate of allotment.

● No Exit Load is payable if Units areredeemed / switched-out after 3 monthsfrom the date of allotment.

HHHHIIFF - SSTTPP :: In respect of each purchase /switch-in of units, an Exit Load of 0.25% ispayable if units are redeemed / switched-outwithin 1 month from the date of allotment.

HHHHIIFF :: Growth, Quarterly, Half Yearly and Yearly Dividend Options.HHHHIIFF-SSTTPP :: Growth & Dividend OptionAll Dividend Options offer Dividend Payout andReinvestment facility.

(Under each Plan)Purchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.

Nil

Every Business Day






HDFC Floating Rate Income Fund


To generate regular income through investment in a portfolio comprising substantially of floatingrate debt / money market instruments, fixed rate debt / money market instruments swapped forfloating rate returns and fixed rate debt securities and money market instruments.

Shobhit Mehrotra (since Feb 16, 04)#

Long Term Plan & Short Term Plan (Retail Option): January 16, 2003 Short Term Plan (Wholesale Option): October 23, 2007

Short Term Plan : NilLong Term Plan : ● In respect of each purchase / switch-in of Units, an Exit Load of 2% is payable if units are

redeemed / switched-out within 12 months from the date of allotment.● No Exit Load is payable if Units are redeemed / switched-out after 12 months from the

date of allotment.

Short Term Plan : For investors who wish to invest for short time period.Long Term Plan : For investors who wish to invest for relatively longer time period. Short Term Plan – Wholesale & Retail Option : Growth and Dividend Option. The Dividend Optionoffers Daily Dividend Option (with Reinvestment facility only) and Weekly and Monthly DividendOption (with Payout and Reinvestment facility).Long Term Plan : Growth and Weekly Dividend Option (with Reinvestment facility only).

Short Term Plan – Retail Option : (Growth Option, Weekly Dividend Option &Monthly Dividend Option)Purchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.(Daily Dividend Option) Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and any amount thereafter.Short Term Plan – Wholesale Option : (Growth Option, Daily Dividend Option, Weekly Dividend Option & Monthly Dividend Option)Purchase : ` 10 lakh and any amount thereafter. Additional Purchase : ` 1 and and any amount thereafter.Long Term Plan : For Purchase : ` 5,000 and any amount thereafter.Additional Purchase : ` 1,000 and any amount thereafter.

Nil

Every Business Day


HDFC Gilt Fund


To generate credit risk-free returns through investmentsin sovereign securities issued by the Central Governmentand / or a State Government.

Anil Bamboli (since Sep 1, 07)

July 25, 2001

Short Term Plan : NilLong Term Plan : ● In respect of each purchase / switch - in of units, an exit load of 0.25% is payable if units

are redeemed / switched out within 3 months from the date of allotment. ● No exit load is payable if units are redeemed / switched - out after 3 months from the date of allotment.

Short Term Plan : For investors who wish to invest for short time period. Long Term Plan : For investors who wish to invest forrelatively longer time period.

(Under each Plan / Option)Purchase :` 5,000 and any amount thereafter.Additional Purchase :` 1,000 and any amount thereafter.

Nil

Every Business Day


Nature of Scheme

Investment Objective

Fund Manager

Inception Date(Date of Allotment)

Entry / Sales Load

Exit Load

Investment Plan /Options

Minimum Application Amount

Lock-iin Period

Net Asset Value(NAV)

RedemptionProceeds

Each Plan offers Growth and Dividend Options.The Dividend Option offers Dividend Payout andReinvestment facility.

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012).










EExxiitt LLooaadd






HDFC Short TermOpportunities Fund Open-ended Income Scheme

To generate regular income through investments in Debt/Money MarketInstruments and Government Securitieswith maturities not exceeding 30 months.

Anil Bamboli (since June 25, 10) #

June 25, 2010

● In respect of each purchase/switch-in of units, an Exit load of 0.25% ispayable if units are redeemed/switched-out within 1 month from thedate of allotment.

● No Exit Load is payable if units areredeemed/ switched-out after 1 month from the date of allotment.

Growth & Fortnightly Dividend Option(Dividend Option offers Payout andReinvestment facility).

Nil

Every Business Day


Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.$ For Large Investors, subscriptions shall only be allowed by payment of requisite Cash through RTGS/NEFT or Funds Transfer Letter/ Transfer Cheque of a bank where the Scheme has a collection account.^ All applications for purchase of units including additional purchases for an amount equal to or more than ` 10 lakhs will be accepted with payment mode only as Real Time Gross Settlement (RTGS) / National ElectronicFunds Transfer (NEFT) / Funds Transfer Letter / Transfer Cheque of a bank where the Scheme has a collection account. Any application for an amount of ` 10 lakhs and above with payment mode other than the above will be rejected.

# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. (Mr Miten Lathia from August 5, 2010 to May 9, 2012).

HDFC Gold Fund

An Open-ended Fund of Fund Schemeinvesting in HDFC Gold Exchange TradedFund

To seek capital appreciation by investing inunits of HDFC Gold Exchange Traded Fund.

Anil Bamboli (since November 1, 11)

November 1, 2011

In respect of each purchase / switch-in of units – an Exit Load of 2% is payable if Unitsare redeemed / switched-out within 6months from thedate of allotment.– an Exit Load of 1% is payable if Units are redeemed / switched-out after 6 months but within 1 year from the dateof allotment.– No Exit Load is payable if Units areredeemed / switched-out after 1 year fromthe date of allotment.


Currently the Scheme offers only Growth Option.

Purchase: ` 5,000 and any amount thereafter. Additional Purchase: ` 1,000and any amount thereafter. ^

Nil

Every Business Day


HDFC Medium TermOpportunities Fund Open-ended Income Scheme

To generate regular income through investments in Debt/Money MarketInstruments and Government Securities withmaturities not exceeding 60 months.

Shobhit Mehrotra (since June 29, 10) #

June 29, 2010

● In respect of each purchase/switch-in ofunits, an exit load of 2% is payable ifunits are redeemed/switched out within12 months from the date of allotment.

● In respect of each purchase/switch-in ofunits, an exit load of 1% is payable ifunits are redeemed/switched out after 12months but within 18 months from thedate of allotment.

● No exit load is payable if units areredeemed/switched-out after 18 monthsfrom the date of allotment.

Growth & Dividend Option (Dividend Option offers Payout and Reinvestment facility).

Nil

Every Business Day


HDFC Gold Exchange Traded FundAn Open-ended Exchange Traded Fund

To generate returns that are in line with the performance of gold, subject to tracking errors.

Anil Bamboli (since August 13, 10)

August 13, 2010

FFoorr CCrreeaattiioonn UUnniitt SSiizzee::● No Exit load will be levied on

redemptions made by AuthorisedParticipants / Large Investors directly with the Fund in Creation Unit Size.

FFoorr ootthheerr tthhaann CCrreeaattiioonn UUnniitt SSiizzee::● Not Applicable. The Units in other

than Creation Unit Size cannot be directly redeemed with the Fund. TheseUnits can be redeemed (sold) on a continuous basis on the stockexchange(s) during the trading hours on all trading days.

Currently, there are no investment Plans /Options being offered under the Scheme.

Directly with the Fund – Subscription /Redemption in exchange of Portfolio Depositand Cash Component in creation unit size of1,000 units and in multiples thereafter. $ On the Exchange(s) – 1 unit and in multiples of 1 unit thereafter.

Nil

Every Business Day


TTaaxx BBeenneeffiittss // CCoonnsseeqquueenncceess :: Income distributed by the Scheme (s) are free from Income – tax in the hands of Investors. The additional income-tax on distribution of income by a money market mutual fund or a liquidfund to an individual / HUF shall be payable by the mutual fund at the rate of 27.038%* and at the rate of 32.445%* to any other investor. The additional income-tax on distribution of income by any other fund to an indi-vidual/ HUF shall be payable at the rate of 13.519%* and at the rate of 32.445%* on distribution of income to any other investor. Units of the Scheme(s) are not subject to Wealth-tax and Gift-tax. Unit holders are requiredto pay Securities Transaction Tax (STT) at the rate of 0.25% at the time of redemption / switch-out of units of an equity-oriented fund.* including applicable surcharge, education cess and secondary and higher education cessGGiifftt ooff UUnniittss :: With effect from 1.10.2009, as per the provisions of section 56(2)(vii) of the Income-tax Act, 1961, certain specified property transferred, without consideration / adequate consideration, exceeding specifiedlimits, are taxable in the hands of the recipient individual / HUF (subject to certain exceptions). The term “property” includes shares and securities. Units of a mutual fund could fall within the purview of the term “securities”.As per the Act, “property” would refer to capital assets only. 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 isadvised to consult his / her own professional tax advisor.

Prashant Jain Over 21 yearsVinay Kulkarni Over 23 yearsSrinivas Rao Ravuri Over 17 yearsChirag Setalvad Over 16 yearsRakesh Vyas Over 8 years

Shobhit Mehrotra Over 19 yearsAnil Bamboli Over 17 yearsMiten Lathia Over 12 yearsBharat Pareek Over 11 years

FFuunndd MMaannaaggeerr TToottaall EExxppeerriieennccee FFuunndd MMaannaaggeerr TToottaall EExxppeerriieennccee

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 theARN Holder.

Purchase: ` 5,000 and any amount thereafter. Additional Purchase: ` 1,000 and any amount thereafter.

Portfolio – Top 10 Holdings

HDFC Growth Fund

+ Industry Classification as recommended by AMFI $ Sponsor

An open-ended growth scheme

HDFC Equity FundAn open-ended growth scheme

Banks 14.90

Petroleum Products 11.84

Software 9.77

Pharmaceuticals 9.17

Industrial Capital Goods 5.98

Chemicals 5.96

Consumer Non Durables 5.80

Construction 4.75

Finance 4.60

Oil 4.06

Telecom - Services 3.18

Auto 2.85

Textiles - Synthetic 2.20

Gas 1.99

Auto Ancillaries 1.75

Power 1.69

Ferrous Metals 1.69

Minerals/Mining 1.51

Media & Entertainment 1.05

Cement 0.99

Transportation 0.79

Paper 0.78

Consumer Durables 0.53

Industry Allocation of Equity Holding (% of Net Assets)

PPoorrttffoolliioo TTuurrnnoovveerr RRaattiioo ((LLaasstt 11 YYeeaarr)) 3333..1199%%

NAV NAV per Unit (`)

Growth Option 79.134Dividend Option 25.286

Std Deviation Beta Sharpe Ratio*

Risk Ratio (for the 3-yr period ended May 31, 2012) 6.80% 0.9180 0.15

Monthly Figure



Monthly Figure




PPoorrttffoolliioo TTuurrnnoovveerr RRaattiioo ((LLaasstt 11 YYeeaarr)) 3300..8811%%+ Industry Classification as recommended by AMFI

Banks 20.51

Software 10.82



Oil 4.78

Finance 4.41

Auto 4.24




Construction Project 3.38

Ferrous Metals 3.03


Construction 2.36



Non - Ferrous Metals 1.80

Power 1.70

Gas 1.67


Transportation 1.32

Industrial Products 1.28

Textile Products 1.26



CCoommppaannyy IInndduussttrryy++ %% ttoo NNAAVV

EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDD

Infosys Ltd. Software 8.09

ICICI Bank Ltd. Banks 6.38

Reliance Industries Ltd. Petroleum Products 6.05

ITC Ltd. Consumer Non Durables 5.80

Bharat Petroleum Corporation Ltd. Petroleum Products 5.79

State Bank of India Banks 5.47

Divi’s Laboratories Ltd. Pharmaceuticals 5.17

Housing Development Finance Corporation Ltd. $ Finance 4.60

Solar Industries India Ltd. Chemicals 4.32

Bharti Airtel Ltd. Telecom - Services 3.18

TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 5544..8855

TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 9977..8833

Cash, Cash Equivalents and Net Current Assets 2.17

GGrraanndd TToottaall 110000..0000

AAvveerraaggee AAUUMM ffoorr tthhee qquuaarrtteerr eennddeedd MMaarrcchh 3311,, 22001122 ((`̀ IInn LLaakkhhss)) 112266,,119955..4488







Tata Motors Ltd. DVR Auto 4.24

Oil & Natural Gas Corporation Ltd. Oil 3.06

Larsen & Toubro Ltd. Construction Project 2.92


Bank of Baroda Banks 2.84

Tata Steel Ltd. Ferrous Metals 2.80






Source : CRISIL Fund Analyser* Risk-free rate assumed to be 8.19% (364-day Treasury Bill yield on 31-05-12)



Data is as of May 31, 2012 unless otherwise specified.

HDFC Top 200 FundAn open-ended growth scheme

HDFC Capital Builder FundAn open-ended growth scheme












Tata Consultancy Services Ltd. Software 3.09


HDFC Bank Ltd. Banks 3.07







AAvveerraaggee AAUUMM ffoorr tthhee qquuaarrtteerr eennddeedd MMaarrcchh 3311,, 22001122 ((`̀ IInn LLaakkhhss)) 11,,113388,,110055..5577

Portfolio – Top 10 Holdings Portfolio – Top 10 Holdings


CCoommppaannyy IInndduussttrryy++ // RRaattiinngg %% ttoo NNAAVV








IPCA Laboratories Ltd. Pharmaceuticals 4.32


Bata India Ltd. Consumer Non Durables 3.42

Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 3.38



CCRREEDDIITT EEXXPPOOSSUURREE

Britannia Industries Ltd. CRISIL - AAA 0.26

TToottaall CCrreeddiitt EExxppoossuurree 00..2266




Banks 25.60Software 10.46Consumer Non Durables 10.31Pharmaceuticals 6.33Petroleum Products 5.85Oil 4.78Finance 4.06Auto 4.03Ferrous Metals 3.96Construction Project 3.31Telecom - Services 2.96

Power 2.29Industrial Capital Goods 2.29Non - Ferrous Metals 2.11Media & Entertainment 2.00Minerals/Mining 1.94Construction 1.69Gas 1.64Transportation 1.22Consumer Durables 1.13Cement 0.48Auto Ancillaries 0.08

Industry Allocation of Equity Holding (% of Net Assets)Banks 19.99Software 16.28Consumer Non Durables 13.00Pharmaceuticals 10.40Petroleum Products 8.45Chemicals 5.87Auto 4.21Telecom - Services 3.37

Auto Ancillaries 3.14Oil 2.91Media & Entertainment 2.36Industrial Capital Goods 1.95Consumer Durables 1.80Industrial Products 1.52Finance 1.23Power 0.82




Monthly Figure



Monthly Figure

+ Industry Classification as recommended by AMFI






An open-ended growth scheme An open-ended growth scheme

HDFC Core & Satellite Fund



Banks 17.32

Software 15.07




Power 5.66


Auto 3.88


Oil 3.09



Chemicals 2.93

Paper 2.23



Transportation 1.17


Construction 0.77

Gas 0.67






Software 16.95

Banks 14.12

Gas 8.03




Chemicals 6.70


Auto 4.04


Power 3.13




Oil 1.69

Paper 1.57

Finance 1.48


Ferrous Metals 1.12


Fertilisers 0.77

Transportation 0.05



HDFC Premier Multi-Cap Fund




Cipla Ltd. Pharmaceuticals 6.57




Bharat Electronics Ltd. Industrial Capital Goods 4.08


Federal Bank Ltd. Banks 3.79


Emami Ltd. Consumer Non Durables 3.57









Monthly Figure




Monthly Figure


Large-Cap 37.60Mid-Cap 59.50

Segmentwise Break-up of Equity Holding (% of Net Assets)










Jagran Prakashan Ltd. Media & Entertainment 3.75


Petronet LNG Ltd. Gas 3.52 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 4455..2277


Cash, Cash Equivalents and Net Current Assets 2.12 GGrraanndd TToottaall 110000..0000







HDFC Mid-Cap Opportunities FundAn open-ended equity scheme




Banks 16.37Industrial Products 15.91Pharmaceuticals 14.56Consumer Non Durables 9.08Software 7.95Auto Ancillaries 6.85Chemicals 4.87Consumer Durables 4.18Construction 3.61

Media & Entertainment 2.95Industrial Capital Goods 2.22Petroleum Products 2.07Finance 1.18Oil 0.93Construction Project 0.62Power 0.38Textile Products 0.28Ferrous Metals 0.15


Mid-Cap 88.80Small-Cap 5.00

Segmentwise Break-up of Equity Holding (% of Net Assets)



Carborundum Universal Ltd. Industrial Products 3.91


Bata India Ltd. Consumer Non Durables 2.90

Divi’s Laboratories Ltd. Pharmaceuticals 2.77


Lupin Ltd. Pharmaceuticals 2.63

Allahabad Bank Banks 2.62

Solar Industries India Ltd. Chemicals 2.49

NIIT Technologies Ltd. Software 2.49

Fag Bearings India Ltd. Industrial Products 2.41








Monthly FigureSource : CRISIL Fund Analyser* Risk-free rate assumed to be 8.19% (364-day Treasury Bill yield on 31-05-12)

HDFC Long Term Equity FundAn open-ended equity scheme












GAIL (India) Ltd. Gas 4.48



Simplex Infrastructures Ltd. Construction 3.35






Banks 19.00Petroleum Products 12.09Software 9.51Construction 7.22Pharmaceuticals 5.72Power 5.53Consumer Non Durables 5.25Oil 4.71Gas 4.48

Construction Project 4.43Auto 3.80Ferrous Metals 3.10Minerals/Mining 2.79Telecom - Services 2.71Transportation 2.02Non - Ferrous Metals 1.73Media & Entertainment 1.38Industrial Capital Goods 0.90




Monthly FigureSource : CRISIL Fund Analyser* Risk-free rate assumed to be 8.19% (364-day Treasury Bill yield on 31-05-12)




RReettaaiill PPllaannGrowth Option 13.666Dividend Option 10.421Quarterly Dividend Option 10.612WWhhoolleessaallee PPllaannGrowth Option 13.824Dividend Option 10.000Quarterly Dividend Option 10.468

An open-ended equity fund

HDFC Arbitrage Fund


Ferrous Metals 10.20


Retailing 6.77

Power 6.22



Auto 4.06

Cement 3.87

Finance 1.74


Construction 1.47



EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDD ((QQuuaannttiittyy ffuullllyy hheeddggeedd uussiinngg ffuuttuurreess // ooppttiioonnss))

Pantaloon Retail (India) Ltd. Retailing 6.77


JSW Steel Ltd. Ferrous Metals 5.59

Jindal Steel & Power Ltd. Ferrous Metals 4.61

Tata Global Beverages Ltd. Consumer Non Durables 4.50


Tata Motors Ltd. Auto 4.06

Reliance Infrastructure Ltd. Power 3.91

Tata Teleservices (Maharashtra) Ltd. Telecom - Services 3.07

Reliance Communications Ltd. Telecom - Services 2.61



Short Term Deposits as margin for Futures & Options 24.38

Other Cash, Cash Equivalents and Net Current Assets 9.61





HDFC Infrastructure FundAn open-ended equity scheme











Federal Bank Ltd. Banks 6.18


Sadbhav Engineering Ltd. Construction Project 5.12


Punjab National Bank Banks 4.13

Coal India Ltd. Minerals/Mining 4.11






Banks 38.97Construction Project 8.84Petroleum Products 7.52Power 6.77Construction 6.28Auto 5.31Industrial Capital Goods 4.73Oil 4.49

Minerals/Mining 4.11Media & Entertainment 3.36Gas 2.21Consumer Durables 1.44Auto Ancillaries 1.23Transportation 1.06Non - Ferrous Metals 1.02





Monthly Figure




HDFC Index Fund

NIFTY Plan (Face Value per Unit: ` 10.326)


Growth Option 42.3695















Cash margin / Earmarked cash for Futures & Options 5.58





PPoorrttffoolliioo TTuurrnnoovveerr RRaattiioo ((LLaasstt 11 YYeeaarr)) 221177..9900%%+ Industry Classification as recommended by AMFI $ SponsorTotal outstanding position (as at May 31,2012) in Derivative Instruments

(Long NIFTY NSE Index Futures June 2012) (Gross Notional) ` 565.98 lakhs.

An open-ended index linked scheme

Banks 18.45

Software 13.04



Auto 7.53

Finance 6.77



Oil 3.46

Power 3.38

Ferrous Metals 3.03

Cement 2.26





Gas 0.88

Construction 0.85


TTrraacckkiinngg EErrrroorr SSiinnccee IInncceeppttiioonn ((AAnnnnuuaalliisseedd)) 22..8811%%



















PPoorrttffoolliioo TTuurrnnoovveerr RRaattiioo ((LLaasstt 11 YYeeaarr)) 7722..4455%%+ Industry Classification as recommended by AMFI $ Sponsor

SENSEX Plan (Face Value per Unit: ` 32.161)




HDFC Index Fund

Banks 17.37

Software 15.74


Auto 9.43


Finance 6.90


Oil 3.88

Ferrous Metals 3.36

Power 2.94






Gas 1.15

Construction 0.60
















Hindustan Unilever Ltd. Consumer Non Durables 3.01









SENSEX Plus Plan (Face Value per Unit: ` 32.161)




HDFC Index Fund

Banks 17.34


Software 12.99


Auto 7.82

Finance 5.70

Chemicals 3.96

Power 3.95



Oil 2.90

Ferrous Metals 2.90






Gas 1.06


Construction 0.48

Cement 0.10


%% ttoo NNAAVV

Gold 995 (Fineness) 1 Kg Bars 100.05

Cash, Cash Equivalents and Net Current Assets (0.05)



Portfolio

%% ttoo NNAAVV

HDFC Gold Exchange Traded Fund 98.45




Portfolio


HDFC Gold Exchange Traded Fund 2898.7494

An open-ended Exchange Traded Fund

HDFC Gold Exchange Traded Fund

An open-ended fund of fund scheme investing inHDFC Gold Exchange Traded Fund

HDFC Gold Fund

(Face Value per unit: ` 100)

Portfolio Classification by Asset Class (%)Gold 100.05Cash, Cash Equivalents and Net Current Assets (0.05)











HDFC Balanced FundAn open-ended balanced scheme

HDFC Prudence FundAn open-ended balanced scheme



CCoommppaannyy // IIssssuueerr IInndduussttrryy++ // RRaattiinngg %% ttoo NNAAVV

EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDState Bank of India Banks 2.70Tata Consultancy Services Ltd. Software 2.59Reliance Industries Ltd. Petroleum Products 2.40NIIT Technologies Ltd. Software 2.20Balkrishna Industries Ltd. Auto Ancillaries 1.98ICICI Bank Ltd. Banks 1.93Bata India Ltd. Consumer Non Durables 1.90Infosys Ltd. Software 1.87Divi's Laboratories Ltd. Pharmaceuticals 1.86Allahabad Bank Banks 1.80 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 2211..2233TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 6655..7799GG-SSEECC,, CCRREEDDIITT EEXXPPOOSSUURREE LIC Housing Finance Ltd. CRISIL - AAA 6.28Government Securities Sovereign 4.18Housing Development Finance Corporation Ltd. $ CRISIL - AAA 3.54Power Finance Corporation Ltd. CRISIL - AAA 3.54Tata Motors Ltd. (Guaranteed by SBI) CRISIL - AAA(SO) 2.74Cholamandalam Investment and Finance Company Ltd. ICRA - AA 1.65Tata Sons Ltd. CRISIL - AAA 1.54Bajaj Finance Ltd. ICRA - AA+ 1.54State Bank of India CRISIL - AAA 0.40Bajaj Auto Ltd. CRISIL - AAA(SO) 0.05TToottaall ooff TToopp TTeenn GG-SSeecc,, CCrreeddiitt EExxppoossuurree 2255..4466 TToottaall GG-SSeecc,, CCrreeddiitt EExxppoossuurree((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 2255..4477Cash, Cash Equivalents and Net Current Assets 8.74GGrraanndd TToottaall 110000..0000


Portfolio – Top 10 HoldingsCCoommppaannyy // IIssssuueerr IInndduussttrryy++ // RRaattiinngg %% ttoo NNAAVV

EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDState Bank of India Banks 6.08ICICI Bank Ltd. Banks 4.67Page Industries Ltd. Textile Products 3.45Infosys Ltd. Software 3.09Tata Motors Ltd. DVR Auto 2.48Bank of Baroda Banks 2.30Tata Steel Ltd. Ferrous Metals 2.22Bharti Airtel Ltd. Telecom - Services 2.02Bharat Petroleum Corporation Ltd. Petroleum Products 1.70Tata Consultancy Services Ltd. Software 1.68 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 2299..6699 TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 7744..8800 GG-SSEECC,, CCRREEDDIITT EEXXPPOOSSUURREE Government Securities Sovereign 11.13State Bank of India CRISIL - AAA 1.92Power Finance Corporation Ltd. CRISIL - AAA 1.79Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.74LIC Housing Finance Ltd. CRISIL - AAA 1.68National Bank for Agriculture & Rural Development CRISIL - AAA 1.53Tata Power Co. Ltd. CRISIL - AA 0.88Rural Electrification Corporation Ltd. CRISIL - AAA 0.49Punjab National Bank CRISIL - AAA 0.35State Bank of Indore CRISIL - AAA 0.26 TToottaall ooff TToopp TTeenn GG-SSeecc,, CCrreeddiitt EExxppoossuurree 2211..7777 TToottaall GG-SSeecc,, CCrreeddiitt EExxppoossuurree((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 2222..6666 Cash margin 0.04Short Term Deposits as margin for Futures & Options 0.84Other Cash, Cash Equivalents and Net Current Assets 1.66 GGrraanndd TToottaall 110000..0000



Banks 15.21Software 10.37Pharmaceuticals 6.40Auto Ancillaries 4.39Consumer Non Durables 4.35Industrial Products 4.10Industrial Capital Goods 2.70Chemicals 2.54Petroleum Products 2.40Consumer Durables 2.36

Construction Project 2.08Auto 1.78Construction 1.65Telecom - Services 1.40Ferrous Metals 1.25Media & Entertainment 1.08Power 0.95Fertilisers 0.50Finance 0.28


Banks 19.48Software 7.19Textile Products 5.10Pharmaceuticals 4.90Consumer Non Durables 4.34Industrial Products 3.36Petroleum Products 3.07Ferrous Metals 2.94Media & Entertainment 2.72Auto 2.48Oil 2.32Auto Ancillaries 2.11Telecom - Services 2.02Industrial Capital Goods 1.97

Finance 1.67Construction 1.66Chemicals 1.36Consumer Durables 1.33Power 1.23Paper 1.10Transportation 0.88Non - Ferrous Metals 0.69Cement 0.51Retailing 0.11Textiles - Cotton 0.10Pesticides 0.08Minerals/Mining 0.05Textiles - Synthetic 0.03




HDFC Children’s Gift FundAn open-ended balanced scheme

HDFC Children’s Gift FundAn open-ended balanced scheme

Investment Plan


Investment Plan 43.770

PPoorrttffoolliioo TTuurrnnoovveerr RRaattiioo ((LLaasstt 11 YYeeaarr)) 1177..5533%%+ Industry Classification as recommended by AMFI $ Sponsor

Savings Plan


Savings Plan 24.7632

MMooddiiffiieedd DDuurraattiioonn 22..0077 yyeeaarrss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss))

AAvveerraaggee MMaattuurriittyy 22..8833 yyeeaarrss ((ootthheerr tthhaann eeqquuiittyy iinnvveesstteennttss))



EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDInfosys Ltd. Software 1.12State Bank of India Banks 0.88Solar Industries India Ltd. Chemicals 0.79NIIT Technologies Ltd. Software 0.78ICICI Bank Ltd. Banks 0.78VST Industries Ltd. Consumer Non Durables 0.75Divi's Laboratories Ltd. Pharmaceuticals 0.73Fag Bearings India Ltd. Industrial Products 0.72IPCA Laboratories Ltd. Pharmaceuticals 0.71Emami Ltd. Consumer Non Durables 0.70TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 77..9966 TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 1166..8866GG-SSEECC,, CCRREEDDIITT EEXXPPOOSSUURREELIC Housing Finance Ltd. CRISIL - AAA 12.68Government Securities Sovereign 10.58Bajaj Finance Ltd. ICRA - AA+ 9.93Housing Development Finance Corporation Ltd.$ CRISIL - AAA 8.52Tata Sons Ltd. CRISIL - AAA 7.11Indian Railway Finance Corporation Ltd. CRISIL - AAA 7.02Power Finance Corporation Ltd. CRISIL - AAA 6.65ICICI Bank Ltd. CRISIL - AAA 5.01State Bank of India CRISIL - AAA 3.68Tata Motors Ltd. (Guaranteed by SBI) CRISIL - AAA(SO) 3.36 TToottaall ooff TToopp TTeenn GG-SSeecc,, CCrreeddiitt EExxppoossuurree 7744..5544 TToottaall GG-SSeecc,, CCrreeddiitt EExxppoossuurree((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 7766..7766 Cash, Cash Equivalents and Net Current Assets 6.38 GGrraanndd TToottaall 110000..0000



Banks 14.32Pharmaceuticals 12.85Consumer Non Durables 8.00Software 6.43Industrial Products 6.06Auto Ancillaries 4.04Consumer Durables 3.12Petroleum Products 2.78Industrial Capital Goods 1.75

Finance 1.64Construction 1.60Auto 1.58Construction Project 1.54Telecom - Services 1.49Ferrous Metals 1.32Media & Entertainment 0.94Fertilisers 0.84



EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDLupin Ltd. Pharmaceuticals 3.56VST Industries Ltd. Consumer Non Durables 3.20Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 3.07Reliance Industries Ltd. Petroleum Products 2.78Fag Bearings India Ltd. Industrial Products 2.77Infosys Ltd. Software 2.71State Bank of India Banks 2.70TTK Prestige Ltd. Consumer Durables 2.47Axis Bank Ltd. Banks 2.26Bank of Baroda Banks 2.26 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 2277..7788TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 7700..3300CCRREEDDIITT EEXXPPOOSSUURREEHousing Development Finance Corporation Ltd. $ CRISIL - AAA 5.24Tata Motors Ltd. (Guaranteed by SBI) CRISIL - AAA(SO) 5.05Power Finance Corporation Ltd. CRISIL - AAA 3.27LIC Housing Finance Ltd. CRISIL - AAA 3.26ICICI Bank Ltd. CRISIL - AAA 2.56Shriram Transport Finance Co. Ltd. FITCH - AA 1.97Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.62Britannia Industries Ltd. CRISIL - AAA 0.99Bajaj Finance Ltd. ICRA - AA+ 0.98Jet Airways (India) Ltd. CRISIL - AAA(SO) 0.93 TToottaall ooff TToopp TTeenn CCrreeddiitt EExxppoossuurree 2255..8877 TToottaall CCrreeddiitt EExxppoossuurree ((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 2255..9944 Cash, Cash Equivalents and Net Current Assets 3.76 GGrraanndd TToottaall 110000..0000




HDFC Long Term Advantage FundAn open-ended equity linked savings scheme with

a lock-in period of 3 years

HDFC TaxSaverAn open-ended equity linked savings scheme with

a lock-in period of 3 years






CCoommppaannyy IInndduussttrryy++ // RRaattiinngg %% ttoo NNAAVV







Balkrishna Industries Ltd. Auto Ancillaries 4.28



Carborundum Universal Ltd. Industrial Products 3.74

Dr. Reddy's Laboratories Ltd. Pharmaceuticals 3.37 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 5511..2266


CCRREEDDIITT EEXXPPOOSSUURREE

Britannia Industries Ltd. CRISIL - AAA 0.17TToottaall CCrreeddiitt EExxppoossuurree 00..1177

Cash, Cash Equivalents and Net Current Assets 3.68GGrraanndd TToottaall 110000..0000






Banks 15.94

Software 13.50






Oil 4.18

Auto 4.12


Finance 3.27


Chemicals 2.97



Ferrous Metals 1.51



Banks 16.46Software 11.16Consumer Non Durables 10.80Pharmaceuticals 9.41Industrial Capital Goods 5.07Power 4.94Petroleum Products 3.76Media & Entertainment 3.49Industrial Products 3.19Auto 2.98Telecom - Services 2.97Oil 2.58

Auto Ancillaries 2.52Chemicals 1.77Gas 1.72Ferrous Metals 1.64Minerals/Mining 1.48Finance 1.28Construction Project 1.23Transportation 1.11Non - Ferrous Metals 0.62Consumer Durables 0.46Paper 0.37













Britannia Industries Ltd. Consumer Non Durables 2.79



Cash margin / Earmarked cash for Futures & Options 7.05

Short Term Deposits as margin for Futures & Options 0.33






Monthly Figure



Monthly Figure



+ Industry Classification as recommended by AMFITotal outstanding position (as at May 31, 2012) in Derivative Instruments

(Long NIFTY NSE Index Futures June 2012) (Gross Notional) ` 9,843.20 lakhs



Benefits of Systematic Investment Plan (SIP) - SIP Performance of Select Schemes - Fund Manager-wise

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. # BSE 200##SENSEX (Please refer to page no 47) Inception Date: September 17, 2004

SSIIPP IInnvveessttmmeennttss SSiinnccee IInncceeppttiioonn SSIIPP 55 YYeeaarr SSIIPP 33 YYeeaarr SSIIPP 11 YYeeaarr SSIIPP

Total Amount Invested (` ‘000) 91.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 147.07 76.97 39.56 11.91RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1122..4400 99..9911 66..2233 -11..4422Benchmark Returns (Annualised) (%) # 99..2266 55..2299 22..4466 00..5577Addl. Benchmark Ret. (Annualised)(%) ## 99..4455 44..8811 22..1166 -11..4455

HDFC CORE & SATELLITE FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# S&P CNX 500 (Please refer to page no 47) Inception Date: January 01, 1995

SSIIPP IInnvveessttmmeennttss SSiinnccee 1155 yyeeaarr 1100 yyeeaarr 55 YYeeaarr 33 YYeeaarr 11 YYeeaarrIInncceeppttiioonn SSIIPP SSIIPP SSIIPP SSIIPP SSIIPP SSIIPP

Total Amount Invested (` ‘000) 207.00 180.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 2,794.36 1,814.86 434.39 82.99 41.04 12.16RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 2266..0077 2277..2233 2244..3311 1122..9955 88..7733 22..4466Benchmark Returns (Annualised) (%) # 1133..4488 1144..4499 1144..7777 44..9955 22..1155 00..9988Addl. Benchmark Ret. (Annualised) (%) ## 1122..5588 1133..4477 1144..6633 55..4433 33..0066 00..8833

HDFC EQUITY FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##SENSEX# BSE 200 Inception Date: October 11, 1996


Total Amount Invested (` ‘000) 186.00 180.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 1,516.57 1,370.18 437.19 81.00 40.29 12.23RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) $$$$ 2233..9955 2244..0077 2244..4433 1111..9966 77..4477 33..6633Benchmark Returns (Annualised) (%) # 1144..5511 1144..6644 1155..0044 55..2299 22..4466 00..5577Addl. Benchmark Ret. (Annualised) (%) ## 1133..3333 1133..5511 1155..0022 44..8811 22..1166 -11..4455

HDFC TOP 200 FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# S&P CNX 500 (Please refer to page no 47) Inception Date: March 10, 2008The Scheme is co-managed by Prashant Jain and Srinivas Rao Ravuri

SSIIPP IInnvveessttmmeennttss SSiinnccee 33 YYeeaarr 11 YYeeaarrIInncceeppttiioonn SSIIPP SSIIPP SSIIPP

Total Amount Invested (` ‘000) 49.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 55.78 36.32 12.08RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 66..3311 00..5588 11..2211Benchmark Returns (Annualised) (%) # 66..7766 22..1155 00..9988Addl. Benchmark Ret. (Annualised)(%) ## 66..9977 33..0066 00..8833

HDFC INFRASTRUCTURE FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. N.A. Not Available# CRISIL Balanced Fund Index ##S&P CNX Nifty Inception Date: February 01, 1994


Total Amount Invested (` ‘000) 218.00 180.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 2,340.04 1,338.07 388.33 87.25 43.21 12.47RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) $$$$ 2222..5577 2233..8800 2222..2233 1144..9999 1122..2255 77..3355Benchmark Returns (Annualised) (%) # NN..AA.. NN..AA.. 1111..4400 55..9922 33..6655 11..0000Addl. Benchmark Ret. (Annualised) (%) ##^1122..0055 1133..4477 1144..6633 55..4433 33..0066 00..8833

HDFC PRUDENCE FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# S&P CNX 500 (Please refer to page no 47) Inception Date: March 31, 1996


Total Amount Invested (` ‘000) 192.00 180.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 2,774.31 2,030,65 424.40 79.99 40.94 12.23RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) $$$$ 2299..0088 2288..4499 2233..8888 1111..4477 88..5555 33..6633Benchmark Returns (Annualised) (%) # 1144..1122 1144..4499 1144..7777 44..9955 22..1155 00..9988Addl. Benchmark Ret. (Annualised) (%) ## 1133..0088 1133..4477 1144..6633 55..4433 33..0066 00..8833

HDFC TAXSAVER - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ## CRISIL 10 year Gilt Index# CRISIL MIP Blended Index Inception Date: December 26, 2003The Scheme is co-managed by Prashant Jain (Equities) and Shobhit Mehrotra (Debt)


Total Amount Invested (` ‘000) 100.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 158.74 77.52 40.70 12.50RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1100..8822 1100..2200 88..1155 77..8866Benchmark Returns (Annualised) (%) # 77..0055 66..6600 55..9944 66..7722Addl. Benchmark Ret. (Annualised)(%) ##^ 44..9999 44..6688 33..6633 44..6666

HDFC MF MIP - LONG TERM PLAN - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# S&P CNX 500 (Please refer to page no 47) Inception Date: April 06, 2005


Total Amount Invested (` ‘000) 84.00 60.00 36.00 12.000Mkt Value as on Mar 30, 2012 (` ‘000) 125.25 77.99 40.54 12.12RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1111..2233 1100..4455 77..8899 11..9911Benchmark Returns (Annualised) (%) # 77..3344 44..9955 22..1155 00..9988Addl. Benchmark Ret. (Annualised)(%) ## 88..3333 55..4433 33..0066 00..8833

HDFC PREMIER MULTI-CAP FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Inception Date: July 17, 2002##S&P CNX Nifty # SENSEX (Total Returns Index) (Please refer to page no 47)


Total Amount Invested (` ‘000) 117.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 229.09 65.73 37.00 11.90RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1133..2255 33..6611 11..7799 -11..5566Benchmark Returns (Annualised) (%) # 1166..4411 44..6666 11..3300 -33..1177Addl. Benchmark Ret. (Annualised)(%) ## 1144..7755 44..8811 22..1166 -11..4455

HDFC INDEX FUND - SENSEX PLAN

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Inception Date: July 17, 2002## SENSEX (Please refer to page no 47) #S&P CNX Nifty(Total Returns Index)


Total Amount Invested (` ‘000) 117.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 216.27 66.11 37.12 11.96RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1122..1144 33..8844 22..0000 -00..5555Benchmark Returns (Annualised) (%) # 1166..0066 66..5533 44..1144 11..6655Addl. Benchmark Ret. (Annualised)(%) ## 1144..4411 55..4433 33..0066 00..8833

HDFC INDEX FUND - NIFTY PLAN

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Inception Date: July 17, 2002##S&P CNX Nifty # SENSEX (Total Returns Index) (Please refer to page no 47)


Total Amount Invested (` ‘000) 117.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 306.80 74.44 39.35 12.13RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1188..8855 88..5577 55..8877 22..0022Benchmark Returns (Annualised) (%) # 1166..4411 44..6666 11..3300 -33..1177Addl. Benchmark Ret. (Annualised)(%) ## 1144..7755 44..8811 22..1166 -11..4455

HDFC INDEX FUND - SENSEX PLUS PLAN

The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments wouldhave grown if you had invested say ` 1,000 systematically on the first Business Dayof every month over a period of time.

PRASHANT JAIN

VINAY KULKARNIPPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ## CRISIL 10 year Gilt Index# CRISIL MIP Blended Index Inception Date: December 26, 2003The Scheme is co-managed by Vinay Kulkarni (Equities) and Shobhit Mehrotra (Debt)



HDFC MF MIP - SHORT TERM PLAN - GROWTH OPTION

$$ 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).^ Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme* Load is not taken into consideration. IInnvveessttoorrss aarree aaddvviisseedd ttoo rreeffeerr ttoo tthhee ppeerrffoorrmmaannccee ssuummmmaarryy ttaabbllee oonn ppaaggee 3333-4444.. DDiissccllaaiimmeerr:: 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. SIP does not assure a profit or guarantee protection against a loss in a declining market.PPlleeaassee rreeffeerr SSIIPP EEnnrroollmmeenntt FFoorrmm oorr ccoonnttaacctt nneeaarreesstt IISSCC ffoorr SSIIPP LLooaadd SSttrruuccttuurree aanndd ootthheerr ddeettaaiillss..


Benefits of Systematic Investment Plan (SIP) - SIP Performance of Select Schemes - Fund Manager-wise

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. #CRISIL MIP Blended Index## CRISIL 1 year T-Bill Index Inception Date: September 17, 2004The Scheme is co-managed by Vinay Kulkarni (Equities) and Anil Bamboli (Debt)



HDFC MULTIPLE YIELD FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. #CRISIL MIP Blended Index## CRISIL 1 year T-Bill Index Inception Date: August 17, 2005The Scheme is co-managed by Chirag Setalvad (Equities) and Anil Bamboli (Debt)



HDFC MULTIPLE YIELD FUND - PLAN 2005 - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. #S&P CNX Nifty## SENSEX (Please refer to page no 47) Inception Date: February 10, 2006


Total Amount Invested (` ‘000) 74.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 96.76 75.79 40.57 12.21RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 88..6600 99..2299 77..9944 33..3311Benchmark Returns (Annualised) (%) # 66..3333 55..4433 33..0066 00..8833Addl. Benchmark Ret. (Annualised)(%) ## 55..6666 44..8811 22..1166 -11..4455

HDFC LONG TERM EQUITY FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# SENSEX (Please refer to page no 47) Inception Date: January 02, 2001

SSIIPP IInnvveessttmmeennttss SSiinnccee 1100 yyeeaarr 55 YYeeaarr 33 YYeeaarr 11 YYeeaarrIInncceeppttiioonn SSIIPP SSIIPP SSIIPP SSIIPP SSIIPP

Total Amount Invested (` ‘000) 135.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 576.24 367.71 78.23 41.37 12.34RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 2233..9999 2211..2222 1100..5577 99..2266 55..3322Benchmark Returns (Annualised) (%) # 1155..4444 1155..0022 44..8811 22..1166 -11..4455Addl. Benchmark Ret. (Annualised)(%) ## 1144..9977 1144..6633 55..4433 33..0066 00..8833

HDFC LONG TERM ADVANTAGE FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# S&P CNX 500 (Please refer to page no 47) Inception Date: February 01, 1994With effect from May 10, 12, the Scheme is co-managed by Chirag Setalvad & Miten Lathia


Total Amount Invested (` ‘000) 218.00 180.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 1,523.91 1,049.71 375.02 79.08 41.02 12.23RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1188..7744 2211..0066 2211..5599 1111..0000 88..6688 33..5522Benchmark Returns (Annualised) (%) # 1122..8822 1144..4499 1144..7777 44..9955 22..1155 00..9988Addl. Benchmark Ret.(Annualised) (%) ## 1122..0055 1133..4477 1144..6633 55..4433 33..0066 00..8833

HDFC CAPITAL BUILDER FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. N.A. Not Available # CRISIL Balanced Fund Index ##S&P CNX Nifty Inception Date: September 11, 2000


Total Amount Invested (` ‘000) 139.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 419.65 303.54 88.72 44.52 12.63RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1177..8866 1177..6677 1155..6677 1144..3333 99..9999Benchmark Returns (Annualised) (%) # NN..AA.. 1111..4400 55..9922 33..6655 11..0000Addl. Benchmark Ret. (Annualised)(%) ##^ 1144..8822 1144..6633 55..4433 33..0066 00..8833

HDFC BALANCED FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. N.A. Not Available# CRISIL Balanced Fund Index ##S&P CNX Nifty Inception Date: March 02, 2001


Total Amount Invested (` ‘000) 133.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 361.87 287.08 90.02 46.13 12.61RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) $$ 1177..0033 1166..6644 1166..2266 1166..8822 99..5599Benchmark Returns (Annualised) (%) # NN..AA.. 1111..4400 55..9922 33..6655 11..0000Addl. Benchmark Ret. (Annualised)(%) ##^ 1155..0066 1144..6633 55..4433 33..0066 00..8833

HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ## CRISIL 10 year Gilt Index# CRISIL MIP Blended Index N.A. Not Available Inception Date: March 02, 2001


Total Amount Invested (` ‘000) 133.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 242.95 203.79 79.31 42.24 12.60RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) $$ 1100..4411 1100..2222 1111..1122 1100..6699 99..4499Benchmark Returns (Annualised) (%) # NN..AA.. 77..3377 66..6600 55..9944 66..7722Addl. Benchmark Ret. (Annualised)(%) ##^ NN..AA.. 55..0044 44..6688 33..6633 44..6666

HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# CNX Midcap (Please refer to page no 47) Inception Date: June 25, 2007


Total Amount Invested (` ‘000) 58.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 87.91 46.51 12.85RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 1177..3300 1177..4400 1133..5500Benchmark Returns (Annualised) (%) # 88..6622 66..3344 77..8811Addl. Benchmark Ret. (Annualised)(%) ## 55..3355 33..0066 00..8833

HDFC MID-CAP OPPORTUNITIES FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# SENSEX (Please refer to page no 47) Inception Date: September 11, 2000


Total Amount Invested (` ‘000) 139.00 120.00 60.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 599.65 394.84 79.49 41.54 12.37RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 2233..4400 2222..5544 1111..2211 99..5544 55..8866Benchmark Returns (Annualised) (%) # 1155..2277 1155..0022 44..8811 22..1166 -11..4455Addl. Benchmark Ret. (Annualised) (%) ## 1144..8822 1144..6633 55..4433 33..0066 00..8833

HDFC GROWTH FUND - GROWTH OPTION

PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. ##S&P CNX Nifty# S&P CNX 500 (Please refer to page no 47) Inception Date: March 10, 2008The Scheme is co-managed by Prashant Jain and Srinivas Rao Ravuri


Total Amount Invested (` ‘000) 49.00 36.00 12.00Mkt Value as on Mar 30, 2012 (` ‘000) 55.78 36.32 12.08RReettuurrnnss ((AAnnnnuuaalliisseedd))** ((%%)) 66..3311 00..5588 11..2211Benchmark Returns (Annualised) (%) # 66..7766 22..1155 00..9988Addl. Benchmark Ret. (Annualised)(%) ##

HDFC INFRASTRUCTURE FUND - GROWTH OPTION

$ Adjusted for Bonus units declared under the Scheme. ^ Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme* Load is not taken into consideration. IInnvveessttoorrss aarree aaddvviisseedd ttoo rreeffeerr ttoo tthhee ppeerrffoorrmmaannccee ssuummmmaarryy ttaabbllee oonn ppaaggee 3333-4444.. DDiissccllaaiimmeerr:: 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. SIP does not assure a profit or guarantee protection against a loss in a declining market.PPlleeaassee rreeffeerr SSIIPP EEnnrroollmmeenntt FFoorrmm oorr ccoonnttaacctt nneeaarreesstt IISSCC ffoorr SSIIPP LLooaadd SSttrruuccttuurree aanndd ootthheerr ddeettaaiillss..

CHIRAG SETALVAD

SRINIVAS RAO RAVURI



EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDBharat Petroleum Corporation Ltd. Petroleum Products 1.52Oil & Natural Gas Corporation Ltd. Oil 1.10Cipla Ltd. Pharmaceuticals 1.08Solar Industries India Ltd. Chemicals 0.89NHPC Ltd. Power 0.80Bank of Baroda Banks 0.75Procter & Gamble Hygiene and Health Care Ltd. Consumer Non Durables 0.75Federal Bank Ltd. Banks 0.73SJVN Ltd. Power 0.65NTPC Ltd. Power 0.64 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 88..9911 TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 1144..9966 CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREEPower Finance Corporation Ltd. CRISIL - AAA 12.93Punjab National Bank FITCH - A1+ 10.10Cholamandalam Investment and Finance Co. Ltd. ICRA - AA 8.69Infrastructure Development Finance Co. Ltd. ICRA - AAA 4.35Sundaram BNP Paribas Home Finance Ltd. ICRA - AA 4.35LIC Housing Finance Ltd. CRISIL - AAA 4.33Bajaj Finance Ltd. CRISIL - AA+ 4.27Andhra Bank FITCH - A1+ 4.02Shriram Transport Finance Co. Ltd. FITCH - AA / CARE - AA+(SO) 3.86Tata Motors Finance Ltd. CRISIL - AA- 3.64 TToottaall ooff TToopp TTeenn CCDD // CCPP,, CCrreeddiitt EExxppoossuurree 6600..5544TToottaall CCDD//CCPP,, CCrreeddiitt EExxppoossuurree ((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 8800..1122 Cash, Cash Equivalents and Net Current Assets 4.92 GGrraanndd TToottaall 110000..0000



EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDState Bank of India Banks 1.98Page Industries Ltd. Textile Products 1.08ICICI Bank Ltd. Banks 1.01Bank of Baroda Banks 0.99Tata Motors Ltd. DVR Auto 0.92Bharat Petroleum Corporation Ltd. Petroleum Products 0.83Oil & Natural Gas Corporation Ltd. Oil 0.78Tube Investments of India Ltd. Consumer Durables 0.67Federal Bank Ltd. Banks 0.67Procter & Gamble Hygiene and Health Care Ltd. Consumer Non Durables 0.66 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 99..5599 TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 2255..2200 GG-SSEECC,, CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREEGovernment Securities Sovereign 9.43LIC Housing Finance Ltd. CRISIL - AAA / CARE - AAA 6.71Shriram Transport Finance Co. Ltd. FITCH - AA / CRISIL - AA /

CARE - AA+, AA+(SO) 3.97Power Finance Corporation Ltd. CRISIL - AAA 3.74Housing Development Finance Corporation Ltd. $ CRISIL - AAA 3.62Rural Electrification Corporation Ltd. CRISIL - AAA 3.46Canara Bank CRISIL - A1+ 2.42Power Grid Corporation of India Ltd. CRISIL - AAA 2.34Hindalco Industries Ltd. CRISIL - AA+ 2.16State Bank of India CRISIL - AAA 2.08 TToottaall ooff TToopp TTeenn GG-SSeecc,, CCDD // CCPP,, CCrreeddiitt EExxppoossuurree 3399..9933TToottaall GG-SSeecc,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree ((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 6699..1144Short Term Deposits as margin for Futures & Options 1.74Cash, Cash Equivalents and Net Current Assets 3.92 GGrraanndd TToottaall 110000..0000





AAvveerraaggee MMaattuurriittyy 44..2211 yyeeaarrss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss))



AAvveerraaggee MMaattuurriittyy 11..5577 yyeeaarrss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss))

NNAAVV NAV per Unit (`)

Growth Option 18.1920Monthly Dividend Option 11.0217Quarterly Dividend Option 11.4100


Growth Option 24.1492Monthly Dividend Option 12.5912Quarterly Dividend Option 13.0663

HDFC MF MIP - Short Term PlanAn open-ended income scheme. Monthly income is not

assured and is subject to availability of distributable surplus

HDFC MF MIP - Long Term PlanAn open-ended income scheme. Monthly income is not

assured and is subject to availability of distributable surplus


CD - Certificate of Deposit CP - Commercial Papers CD - Certificate of Deposit CP - Commercial Papers




HDFC Multiple Yield FundAn open-ended income scheme

+ Industry Classification as recommended by AMFI + Industry Classification as recommended by AMFI $ Sponsor



HDFC Multiple Yield Fund - Plan 2005An open-ended income scheme

MMooddiiffiieedd DDuurraattiioonn 115533 ddaayyss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss))

AAvveerraaggee MMaattuurriittyy 116688 ddaayyss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss)) AAvveerraaggee MMaattuurriittyy 9988 ddaayyss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss))


EEQQUUIITTYY && EEQQUUIITTYY RREELLAATTEEDDState Bank of India Banks 0.71Tata Motors Ltd. DVR Auto 0.68NIIT Technologies Ltd. Software 0.60VST Industries Ltd. Consumer Non Durables 0.57Bajaj Holdings & Investment Ltd. Finance 0.48Tata Chemicals Ltd. Chemicals 0.45Oil & Natural Gas Corporation Ltd. Oil 0.44Jaiprakash Associates Ltd. Construction 0.43Rural Electrification Corporation Ltd. Finance 0.43Union Bank of India Banks 0.42 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 55..2211 TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 1122..4444CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREELIC Housing Finance Ltd. CRISIL - AAA / CARE - AAA 10.35State Bank of Hyderabad ICRA - A1+ 6.88State Bank of Travancore CRISIL - A1+ 6.20State Bank of Patiala CRISIL - A1+ 5.95Cairn India Ltd. CARE - AAA 5.17ICICI Bank Ltd. ICRA - A1+ 5.03Oriental Bank of Commerce CRISIL - A1+ 4.75Housing Development Finance Corporation Ltd. $ CRISIL - AAA 4.32Indian Overseas Bank ICRA - A1+ 4.01State Bank of Bikaner & Jaipur CRISIL - A1+ 3.38 TToottaall ooff TToopp TTeenn CCDD//CCPP,, CCrreeddiitt EExxppoossuurree 5566..0044 TToottaall CCDD//CCPP,, CCrreeddiitt EExxppoossuurree ((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 8822..5588 Cash, Cash Equivalents and Net Current Assets 4.98 GGrraanndd TToottaall 110000..0000



MMooddiiffiieedd DDuurraattiioonn 8899 ddaayyss ((ootthheerr tthhaann eeqquuiittyy iinnvveessttmmeennttss))



Cipla Ltd. Pharmaceuticals 1.60Hindalco Industries Ltd. Non - Ferrous Metals 1.21Tata Motors Ltd. DVR Auto 1.06Tata Steel Ltd. Ferrous Metals 1.04Apollo Tyres Ltd. Auto Ancillaries 0.90CMC Ltd. Software 0.89CRISIL Ltd. Finance 0.83Britannia Industries Ltd. Consumer Non Durables 0.83Federal Bank Ltd. Banks 0.65GVK Power & Infrastructure Ltd. Power 0.62 TToottaall ooff TToopp TTeenn EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 99..6633 TToottaall EEqquuiittyy && EEqquuiittyy RReellaatteedd HHoollddiinnggss 1155..4400CCDD//CCPP

State Bank of Patiala CRISIL - A1+ 15.14Corporation Bank CRISIL - A1+ 10.41Hindustan Petroleum Corporation Ltd. CRISIL - A1+ 10.07Syndicate Bank CARE - A1+ 10.05Punjab National Bank FITCH - A1+ 9.58Andhra Bank FITCH - A1+ 9.57Indian Bank FITCH - A1+ 5.98IDBI Bank Ltd. ICRA - A1+ 5.14Oriental Bank of Commerce CRISIL - A1+ 3.01State Bank of Bikaner & Jaipur CRISIL - A1+ 1.89TToottaall ooff TToopp TTeenn CCDD//CCPP 8800..8844TToottaall CCDD//CCPP ((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 8822..3388











Quarterly Dividend Option 11.5609

Half-Yearly Dividend Option 11.2275

Yearly Dividend Option 11.8887

HDFC Income FundAn open-ended income scheme

MMooddiiffiieedd DDuurraattiioonn 44..8833 yyeeaarrss

AAvveerraaggee MMaattuurriittyy 77..5511 yyeeaarrssAAvveerraaggee MMaattuurriittyy 88..4444 yyeeaarrss

HDFC High Interest FundAn open-ended income scheme


IIssssuueerr RRaattiinngg %% ttoo NNAAVV

GG-SSEECC,, CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREE

Government Securities Sovereign 46.23

State Bank of India CRISIL - AAA 8.86

Power Finance Corporation Ltd. CRISIL - AAA 5.95

Rural Electrification Corporation Ltd. CRISIL - AAA 5.06

Export - Import Bank of India CRISIL - AAA 4.26

Punjab National Bank FITCH - A1+ 3.95

Oriental Bank of Commerce CRISIL - A1+ 3.94

Canara Bank CRISIL - A1+ 3.94

Tata Power Co. Ltd. CRISIL - AA 3.56

NTPC Ltd. CRISIL - AAA 2.48

TToottaall ooff TToopp TTeenn GG-SSeecc,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree 8888..2233

TToottaall GG-SSeecc,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree

((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 9900..7788




Portfolio – Top Holdings


GG-SSEECC,, CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREE

Government Securities Sovereign 53.22

Andhra Bank FITCH - A1+ 7.06

Tata Power Co. Ltd. CRISIL - AA 5.71

Indian Railway Finance Corporation Ltd. CRISIL - AAA 5.50

LIC Housing Finance Ltd. CRISIL - AAA 5.46

Power Grid Corporation of India Ltd. CRISIL - AAA 5.44

Neyveli Lignite Corporation Ltd. CRISIL - AAA 5.34

TToottaall GG-SSeecc,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree






Total outstanding position (as at May 31, 2012) in Derivative Instruments(Interest Rate Swap) (Gross Notional) ` 500 lakhs.








HDFC Short Term PlanAn open-ended income scheme

HDFC High Interest Fund - Short Term PlanAn open-ended income scheme


AAvveerraaggee MMaattuurriittyy 11..4411 yyeeaarrss


AAvveerraaggee MMaattuurriittyy 11..9911 yyeeaarrss

Portfolio – Top 10 HoldingsIIssssuueerr RRaattiinngg %% ttoo NNAAVV

CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREE



First Blue Home Finance Ltd. ICRA - AA 6.30

Cholamandalam Investment and Finance Co. Ltd. ICRA - A1+, AA 5.24

Shriram Transport Finance Co. Ltd. CRISIL - AA / CARE - AA+ 5.01


Sundaram Finance Ltd. ICRA - AA+ 4.82


Housing Development Finance Corporation Ltd.$ CRISIL - AAA 4.36

Infrastructure Development Finance Co. Ltd. ICRA - AAA 4.09

TToottaall ooff TToopp TTeenn CCDD//CCPP,, CCrreeddiitt EExxppoossuurree 5544..0011

TToottaall CCDD//CCPP,, CCrreeddiitt EExxppoossuurree







LIC Housing Finance Ltd. CRISIL - AAA / CARE - AAA 7.28

Indian Overseas Bank ICRA - A1+ 6.85



Syndicate Bank CARE - A1+ 4.85

Cairn India Ltd. CARE - AAA 4.74

Housing Development Finance Corporation Ltd. $ CRISIL - AAA 4.62

Infrastructure Development Finance Co. Ltd. ICRA - AAA 4.55

Cholamandalam Investment and Finance Co. Ltd. ICRA - A1+, AA, AA- /

ICRA - A1+, AA 4.33

Sundaram Finance Ltd. ICRA - AA+ 3.61











Portfolio – Top HoldingsIIssssuueerr RRaattiinngg %% ttoo NNAAVV

HDFC Short Term Opportunities FundAn open-ended income scheme An open-ended income scheme

HDFC Medium Term Opportunities Fund

$ Sponsor

AAvveerraaggee MMaattuurriittyy 33..4411 yyeeaarrssAAvveerraaggee MMaattuurriittyy 1199 ddaayyss

MMooddiiffiieedd DDuurraattiioonn 1188 ddaayyss MMooddiiffiieedd DDuurraattiioonn 22..6655 yyeeaarrss


NNAAVV NAV per Unit (`)Growth Option 11.6316Dividend Option 10.1489

NNAAVV NAV per Unit (`)Growth Option 11.7823Dividend Option 10.0343



National Bank for Agriculture & Rural Development CRISIL - AAA 12.51

Rural Electrification Corporation Ltd. CRISIL - AAA 12.48

Housing Development Finance Corporation Ltd. $ CRISIL - AAA 9.98



Small Industries Development Bank of India [SIDBI] CRISIL - AAA 8.16


Tata Sons Ltd. CRISIL - AAA 6.52

National Housing Bank FITCH - AAA 3.26








Punjab National Bank CRISIL - A1+ 12.56

Indusind Bank Ltd. CRISIL - A1+ 12.54

The South Indian Bank Ltd. ICRA - A1+ 12.54

Karur Vysya Bank Ltd. ICRA - A1+ 12.52

Hindustan Petroleum Corporation Ltd. CRISIL - A1+ 12.51

ICICI Bank Ltd. ICRA - A1+ 12.51

National Bank for Agriculture & Rural Development CRISIL - AAA 9.44


Kotak Mahindra Bank Ltd. CRISIL - A1+ 0.62








An open-ended income schemeHDFC Gilt Fund

Short Term Plan Long Term Plan

MMooddiiffiieedd DDuurraattiioonn 22..8800 yyeeaarrss MMooddiiffiieedd DDuurraattiioonn 55..8833 yyeeaarrss

AAvveerraaggee MMaattuurriittyy 33..8855 yyeeaarrss AAvveerraaggee MMaattuurriittyy 1100..5533 yyeeaarrss


GG-SSEECC

6.49 GOI 2015 Sovereign 26.26




TToottaall GG-SSeecc 7755..7733




Portfolio – Top HoldingsIIssssuueerr RRaattiinngg %% ttoo NNAAVV

GG-SSEECC











TToottaall GG-SSeecc 8899..0000











MMooddiiffiieedd DDuurraattiioonn 4411 ddaayyss

Short Term Plan

BBRRDDSS,, CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREEPunjab National Bank CRISIL - A1+ 7.88Canara Bank CRISIL - A1+ 6.93Bank of India CRISIL - A1+ 5.90State Bank of Patiala CRISIL - A1+ 3.97National Bank for Agriculture & Rural Development CRISIL - AAA 3.95Axis Bank Ltd. - 3.95Indian Overseas Bank ICRA - A1+ 3.94IDBI Bank Ltd. ICRA - A1+ 3.93HDFC Bank Ltd. - 3.87UCO Bank CRISIL - A1+ 3.78 TToottaall ooff TToopp TTeenn BBRRDDSS,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree 4488..1100TToottaall BBRRDDSS,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree ((aaggggrreeggaatteedd hhoollddiinnggss iinn aa ssiinnggllee iissssuueerr)) 6699..3388Cash, Cash Equivalents and Net Current Assets 30.62 GGrraanndd TToottaall 110000..0000



CCDD//CCPP


Corporation Bank CRISIL - A1+ 13.15

Vijaya Bank CARE - A1+ 12.78


Indian Overseas Bank ICRA - A1+ 11.38

Bank of India CRISIL - A1+ 10.65

IDBI Bank Ltd. ICRA - A1+ 10.65


Indian Bank FITCH - A1+ 3.56

Central Bank of India CARE - A1+ 3.55

TToottaall ooff TToopp TTeenn CCDD//CCPP 9977..1122

TToottaall CCDD//CCPP

(aggregated holdings in a single issuer) 9999..9966





HDFC Floating Rate Income FundAn open-ended income scheme

HDFC Floating Rate Income FundAn open-ended income scheme

Long Term Plan

MMooddiiffiieedd DDuurraattiioonn 227711 ddaayyssAAvveerraaggee MMaattuurriittyy 5500 ddaayyss

AAvveerraaggee MMaattuurriittyy 229988 ddaayyss

NNAAVV NAV per Unit (`)RReettaaiill OOppttiioonnGrowth Option 18.3458Daily Dividend Reinvestment Option 10.0809Weekly Dividend Option 10.1439Monthly Dividend Option 10.1526WWhhoolleessaallee OOppttiioonnGrowth Option 18.6264Daily Dividend Reinvestment Option 10.0809Weekly Dividend Option 10.1441Monthly Dividend Option 10.1529


Growth Option 18.9263Weekly Dividend Reinvestment Option 10.1899

BRDS - Bills Rediscounting (not rated)CD - Certificate of Deposit CP - Commercial Papers

CD - Certificate of Deposit CP - Commercial Papers



Savings Plan

An open-ended high liquidity income scheme


HDFC Liquid FundAn open-ended liquid income scheme








Growth Option 22.7907Daily Dividend Reinvestment Option 10.6364Weekly Dividend Option 10.6415

NNAAVV NAV per Unit (`)HHDDFFCC LLiiqquuiidd FFuunnddGrowth Option 21.5317Daily Dividend Reinvestment Option 10.1982Weekly Dividend Option 10.3181Monthly Dividend Option 10.2709HHDDFFCC LLiiqquuiidd FFuunndd - PPrreemmiiuumm PPllaannGrowth Option 21.8606Daily Dividend Reinvestment Option 12.2598Weekly Dividend Option 10.1078HHDDFFCC LLiiqquuiidd FFuunndd - PPrreemmiiuumm PPlluuss PPllaannGrowth Option 21.9048

BBRRDDSS,, CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREE

Bank of Baroda CRISIL - A1+ 10.88

HDFC Bank Ltd. - 6.31

Export - Import Bank of India CRISIL - A1+ 5.46

Oriental Bank of Commerce CRISIL - A1+ 5.26

State Bank of Patiala CRISIL - A1+ 5.07

Federal Bank Ltd. CRISIL - A1+ 3.91


UCO Bank CRISIL - A1+ 2.21

Karur Vysya Bank Ltd. ICRA - A1+ 2.17

LIC Housing Finance Ltd. CARE - AAA 1.82

TToottaall ooff TToopp TTeenn BBRRDDSS,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree 4455..8811

TToottaall BBRRDDSS,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree





BBRRDDSS,, CCDD//CCPP

State Bank of Patiala CRISIL - A1+ 6.95

Punjab National Bank CRISIL - A1+ 5.08




Bank of Baroda CRISIL - A1+ 1.95

IDBI Bank Ltd. CRISIL - A1+ 1.81

Hindustan Petroleum Corporation Ltd. CRISIL - A1+ 1.40

Axis Bank Ltd. - 1.40

Indian Oil Corporation Ltd. CRISIL - A1+ 1.39TToottaall ooff TToopp TTeenn BBRRDDSS,, CCDD//CCPP 3333..2222

TToottaall BBRRDDSS,, CCDD//CCPP










MMooddiiffiieedd DDuurraattiioonn 00 ddaayy

HDFC Cash Management Fund HDFC Cash Management Fund

NNoottee ffoorr AAllll AAffoorreessaaiidd OOppeenn-EEnnddeedd SScchheemmeess ((aass aatt MMaayy 3311,, 22001122))i) Total NPAs provided for and its percentage to NAV : Nilii) Investment in ADR/GDR/Foreign Securities : Niliii) Total outstanding exposure in derivative instruments (Gross Notional) :

a) Equity HHDDFFCC IInnddeexx FFuunndd ((NNiiffttyy PPllaann))(Long NIFTY NSE Index Futures June 2012) ` 565.98 lakhsHHDDFFCC TTaaxxSSaavveerr (Long Nifty NSE Stock Futures June 2012) ` 9,843.20 lakhs

TToottaall `̀ 1100,,440099..1188 llaakkhhss

b) Debt : Interest Rates Swaps / Forward Rate Agreement : HDFC High Interest Fund `̀ 500.00 lakhs

Total `̀ 550000..0000 llaakkhhss

Treasury Advantage Plan Call Plan

An open-ended income scheme An open-ended high liquidity income scheme




NNAAVV NAV per Unit (`)RReettaaiill OOppttiioonnGrowth Option 23.5253Daily Dividend Reinvestment Option 10.0315Weekly Dividend Option 10.0377Monthly Dividend Option 10.0577WWhhoolleessaallee OOppttiioonnGrowth Option 23.9440Daily Dividend Reinvestment Option 10.0315Weekly Dividend Option 10.0382Monthly Dividend Option 10.0582


Growth Option 17.6352Daily Dividend Reinvestment Option 10.4266

BBRRDDSS,, CCDD//CCPP,, CCRREEDDIITT EEXXPPOOSSUURREE



Punjab National Bank FITCH - A1+ / CRISIL - A1+ 4.59


Allahabad Bank CRISIL - A1+ 3.36

Vijaya Bank CARE - A1+ 2.86

IDBI Bank Ltd. ICRA - A1+ / CRISIL - A1+ 2.69

Bank of Maharashtra CRISIL - A1+ 2.56

Axis Bank Ltd. CRISIL - A1+ 2.53

Punjab & Sind Bank ICRA - A1+ 2.49 TToottaall ooff TToopp TTeenn BBRRDDSS,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree 3377..7766

TToottaall BBRRDDSS,, CCDD//CCPP,, CCrreeddiitt EExxppoossuurree



AAvveerraaggee AAUUMM ffoorr tthhee qquuaarrtteerr eennddeedd MMaarrcchh 3311,, 22001122 ((`̀ IInn LLaakkhhss)) 11,,552233,,221199..6699

Portfolio – HoldingsIIssssuueerr %% ttoo NNAAVVCash, Cash Equivalents and Net Current Assets 100.00






SCHEME PERFORMANCE SUMMARY (FUND MANAGER-WISE)

Date Period NAV Scheme Benchmark Additional Value of investment of ` 10,000@ per Unit Returns Returns Benchmark Scheme Benchmark Additional

(`) (%)^ (%)# Returns (`) #(`) Benchmark##(%) (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX 500 (Please refer to page no 47) ## S&P CNX NIFTY

A. Cumulative performance

Mar 30, 11 Last 1 Year 282.578 -7.40 -8.19 -8.50 9,260 9,181 9,150Mar 30, 10 Last 2 Years 235.826 5.33 -1.06 0.31 11,096 9,788 10,063Mar 30, 09 Last 3 Years 106.712 34.81 23.14 21.13 24,521 18,685 17,781Jan 01, 95 Since Inception 10.000 20.83 8.87 N.A. 261,673 43,349 N.A.

Period Scheme Benchmark Additional ^ # Benchmark

##

B. Discrete 12 month returns (%)

Mar 30, 11 to Mar 30, 12 -7.40 -8.19 -8.50

Mar 30, 10 to Mar 30, 11 19.82 6.61 9.98

Mar 30, 09 to Mar 30, 10 120.99 90.89 76.70

HDFC EQUITY FUND - GROWTH OPTION NAV as at March 30, 2012 ` 261.673


(`) (%)^$$ (%)# Returns (`) #(`) Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # BSE 200 ##SENSEX$$ 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).


Mar 30, 11 Last 1 Year 214.509 -6.12 -8.80 -9.78 9,388 9,120 9,022Mar 30, 10 Last 2 Years 183.787 4.67 -1.03 -0.53 10,957 9,796 9,894Mar 30, 09 Last 3 Years 90.874 30.34 24.38 22.05 22,161 19,254 18,190Oct 11, 96 Since Inception 10.000 22.98 13.27 11.65 245,547 68,821 55,068

Period Scheme Benchmark Additional ^$$ # Benchmark

##


Mar 30, 11 to Mar 30, 12 -6.12 -8.80 -9.78

Mar 30, 10 to Mar 30, 11 16.72 7.41 9.66

Mar 30, 09 to Mar 30, 10 102.24 96.56 83.84

HDFC TOP 200 FUND - GROWTH OPTION NAV as at March 30, 2012 ` 201.382

PRASHANT JAIN


(`) (%)^ (%)# Returns (`) #(`) Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX 500 (Please refer to page no 47) ##S&P CNX Nifty The Scheme is co-managed by Prashant Jain and Srinivas Rao Ravuri.


Mar 30, 11 Last 1 Year 11.885 -12.71 -8.19 -8.50 8,729 9,181 9,150Mar 30, 10 Last 2 Years 11.214 -3.81 -1.06 0.31 9,252 9,788 10,063Mar 30, 09 Last 3 Years 5.087 26.79 23.14 21.13 20,395 18,685 17,781Mar 10, 08 Since Inception 10.000 0.91 1.79 2.45 10,375 10,748 11,031


##


Mar 30, 11 to Mar 30, 12 12.71 -8.19 -8.50

Mar 30, 10 to Mar 30, 11 5.98 6.61 9.98

Mar 30, 09 to Mar 30, 10 120.44 90.89 76.70

HDFC INFRASTRUCTURE FUND - GROWTH OPTION NAV as at March 30, 2012 ` 10.375


(`) (%)^$$ (%)# Returns (`) #(`) Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Balanced Fund Index ##S&P CNX Nifty$$ 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).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


Mar 30, 11 Last 1 Year 213.337 0.96 -2.67 -8.50 10,096 9,733 9,150Mar 30, 10 Last 2 Years 181.612 8.89 2.82 0.31 11,860 10,573 10,063Mar 30, 09 Last 3 Years 90.131 33.66 16.34 21.13 23,897 15,751 17,781Feb 01, 94 Since Inception 10.000 20.09 N.A. 8.37 278,384 N.A. 43,056


##


Mar 30, 11 to Mar 30, 12 0.96 -2.67 -8.50

Mar 30, 10 to Mar 30, 11 17.47 8.63 9.98

Mar 30, 09 to Mar 30, 10 101.50 48.97 76.70

HDFC PRUDENCE FUND - GROWTH OPTION NAV as at March 30, 2012 ` 215.389



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 10 year Gilt IndexScheme 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.

The Scheme is co-managed by Prashant Jain (Equities) and Shobhit Mehrotra (Debt).


Mar 30, 11 Last 1 Year 22.9942 5.52 5.37 2.65 10,552 10,537 10,265Mar 30, 10 Last 2 Years 21.0739 7.29 5.68 3.29 11,513 11,171 10,669Mar 30, 09 Last 3 Years 15.8251 15.29 8.58 3.70 15,332 12,805 11,154Dec 26, 03 Since Inception 10.0000 11.32 6.87 3.95 24,263 17,312 13,772


##


Mar 30, 11 to Mar 30, 12 5.52 5.37 2.65

Mar 30, 10 to Mar 30, 11 9.11 6.01 3.94

Mar 30, 09 to Mar 30, 10 33.17 14.63 4.54

HDFC MF MIP LONG TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 24.2627

Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable N.A.: Not Available@ shows the current value of ` 10,000/- invested at the beginning of a given period


VINAY KULKARNI


(`) (%)^ (%)# Returns (`) (`)# Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # SENSEX (Total Returns Index) (Please refer to page no 47)##S&P CNX Nifty Face Value per Unit ` 32.1610


Mar 30, 11 Last 1 Year 159.5901 -9.47 -12.01 -8.50 9,053 8,799 9,150Mar 30, 10 Last 2 Years 146.1941 -0.59 -1.24 0.31 9,882 9,754 10,063Mar 30, 09 Last 3 Years 81.5360 20.99 21.85 21.13 17,719 18,100 17,781Jul 17, 02 Since Inception 32.1610 16.73 21.03 18.34 44,921 63,814 51,286


##


Mar 30, 11 to Mar 30, 12 -9.47 -12.01 -8.50

Mar 30, 10 to Mar 30, 11 9.16 10.85 9.98

Mar 30, 09 to Mar 30, 10 79.30 85.57 76.70

HDFC INDEX FUND - SENSEX PLAN NAV as at March 30, 2012 ` 144.4717



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX 500 (Please refer to page no 47) ##S&P CNX Nifty


Mar 30, 11 Last 1 Year 28.830 -3.98 -8.19 -8.50 9,602 9,181 9,150Mar 30, 10 Last 2 Years 25.768 3.64 -1.06 0.31 10,743 9,788 10,063Mar 30, 09 Last 3 Years 11.755 33.01 23.14 21.13 23,550 18,685 17,781Apr 06, 05 Since Inception 10.000 15.69 12.92 14.40 27,683 23,364 25,591


##


Mar 30, 11 to Mar 30, 12 -3.98 -8.19 -8.50

Mar 30, 10 to Mar 30, 11 11.88 6.61 9.98

Mar 30, 09 to Mar 30, 10 119.21 90.89 76.70

HDFC PREMIER MULTI-CCAP FUND - GROWTH OPTION NAV as at March 30, 2012 ` 27.683



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # BSE 200 ##SENSEX (Please refer to page no 47)


Mar 30, 11 Last 1 Year 40.336 -8.52 -8.80 -9.78 9,148 9,120 9,022Mar 30, 10 Last 2 Years 35.776 1.56 -1.03 -0.53 10,314 9,796 9,894Mar 30, 09 Last 3 Years 15.553 33.34 24.38 22.05 23,725 19,254 18,190Sep 17, 04 Since Inception 10.000 18.91 15.58 16.34 36,900 29,773 31,296


##


Mar 30, 11 to Mar 30, 12 -8.52 -8.80 -9.78

Mar 30, 10 to Mar 30, 11 12.75 7.41 9.66

Mar 30, 09 to Mar 30, 10 130.03 96.56 83.84

HDFC CORE & SATELLITE FUND - GROWTH OPTION NAV as at March 30, 2012 ` 36.900


Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable @ shows the current value of ` 10,000/- invested at the beginning of a given period



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX Nifty (Total Returns Index) ## SENSEX (Please refer to page no 47) Face Value per Unit ` 10.3260


Mar 30, 11 Last 1 Year 50.0846 -9.18 -7.45 -9.78 9,082 9,255 9,022Mar 30, 10 Last 2 Years 45.8127 -0.35 1.44 -0.53 9,929 10,291 9,894Mar 30, 09 Last 3 Years 26.9070 19.11 22.39 22.05 16,906 18,345 18,190Jul 17, 02 Since Inception 10.3260 16.50 20.15 18.99 44,052 59,418 54,116


##


Mar 30, 11 to Mar 30, 12 -9.18 -7.45 -9.78

Mar 30, 10 to Mar 30, 11 9.32 11.19 9.66

Mar 30, 09 to Mar 30, 10 70.26 78.26 83.84

HDFC INDEX FUND - NIFTY PLAN NAV as at March 30, 2012 ` 45.4883



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # SENSEX (Total Returns Index) (Please refer to page no 47)##S&P CNX Nifty Face Value per Unit ` 32.1610


Mar 30, 11 Last 1 Year 233.7173 -5.78 -12.01 -8.50 9,422 8,799 9,150Mar 30, 10 Last 2 Years 205.6835 3.47 -1.24 0.31 10,706 9,754 10,063Mar 30, 09 Last 3 Years 109.8940 26.05 21.85 21.13 20,039 18,100 17,781Jul 17, 02 Since Inception 32.1610 21.91 21.03 18.34 68,472 63,814 51,286


##


Mar 30, 11 to Mar 30, 12 -5.78 -12.01 -8.50

Mar 30, 10 to Mar 30, 11 13.63 10.85 9.98

Mar 30, 09 to Mar 30, 10 87.17 85.57 76.70

HDFC INDEX FUND - SENSEX PLUS PLAN NAV as at March 30, 2012 ` 220.2140



(`) (%)^$$ (%)# Returns (`) (`)# Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX 500 (Please refer to page no 47) ##S&P CNX Nifty$$ 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).


Mar 30, 11 Last 1 Year 232.054 -3.90 -8.19 -8.50 9,610 9,181 9,150Mar 30, 10 Last 2 Years 205.811 4.09 -1.06 0.31 10,835 9,788 10,063Mar 30, 09 Last 3 Years 95.129 32.81 23.14 21.13 23,441 18,685 17,781Mar 31, 96 Since Inception 10.000 28.63 11.88 N.A. 562,526 60,300 N.A.


##


Mar 30, 11 to Mar 30, 12 -3.90 -8.19 -8.50

Mar 30, 10 to Mar 30, 11 12.75 6.61 9.98

Mar 30, 09 to Mar 30, 10 116.35 90.89 76.70

HDFC TAXSAVER - GROWTH OPTION NAV as at March 30, 2012 ` 222.996



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ##CRISIL 10 year Gilt IndexScheme 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. The Scheme is co-managed by Vinay Kulkarni (Equities) and Shobhit Mehrotra (Debt).




##


Mar 30, 11 to Mar 30, 12 6.90 5.37 2.65

Mar 30, 10 to Mar 30, 11 4.81 6.01 3.94

Mar 30, 09 to Mar 30, 10 19.15 14.63 4.54

HDFC MF MIP SHORT TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 18.2208



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill IndexScheme 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. The Scheme is co-managed by Vinay Kulkarni (Equities) and Anil Bamboli (Debt).


Mar 30, 11 Last 1 Year 17.7806 10.71 5.37 6.63 11,071 10,537 10,663Mar 30, 10 Last 2 Years 16.5572 9.02 5.68 5.24 11,889 11,171 11,078Mar 30, 09 Last 3 Years 13.3290 13.87 8.58 4.59 14,768 12,805 11,444Sep 17, 04 Since Inception 10.0000 9.40 7.64 5.19 19,684 17,422 14,646


##


Mar 30, 11 to Mar 30, 12 10.71 5.37 6.63

Mar 30, 10 to Mar 30, 11 7.39 6.01 3.89

Mar 30, 09 to Mar 30, 10 24.22 14.63 3.31

HDFC MULTIPLE YIELD FUND - GROWTH OPTION NAV as at March 30, 2012 ` 19.6843



VINAY KULKARNI...CONTINUED






^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CNX Midcap (Please refer to page no 47) ##S&P CNX Nifty


Mar 30, 11 Last 1 Year 15.024 9.02 -3.99 -8.50 10,902 9,601 9,150Mar 30, 10 Last 2 Years 13.074 11.91 0.27 0.31 12,528 10,054 10,063Mar 30, 09 Last 3 Years 5.754 41.68 31.92 21.13 28,465 22,975 17,781Jun 25, 07 Since Inception 10.000 10.90 6.05 4.67 16,379 13,234 12,433


##


Mar 30, 11 to Mar 30, 12 9.02 -3.99 -8.50

Mar 30, 10 to Mar 30, 11 14.92 4.72 9.98

Mar 30, 09 to Mar 30, 10 127.22 128.51 76.70

HDFC MID-CCAP OPPORTUNITIES FUND - GROWTH OPTION NAV as at March 30, 2012 ` 16.379



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Balanced Fund Index ##S&P CNX NiftyScheme 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


Mar 30, 11 Last 1 Year 54.559 7.13 -2.67 -8.50 10,713 9,733 9,150Mar 30, 10 Last 2 Years 47.367 11.07 2.82 0.31 12,339 10,573 10,063Mar 30, 09 Last 3 Years 25.567 31.70 16.34 21.13 22,860 15,751 17,781Sep 11, 00 Since Inception 10.000 16.51 N.A. 11.82 58,447 N.A. 36,362


##


Mar 30, 11 to Mar 30, 12 7.13 -2.67 -8.50

Mar 30, 10 to Mar 30, 11 15.18 8.63 9.98

Mar 30, 09 to Mar 30, 10 85.27 48.97 76.70

HDFC BALANCED FUND - GROWTH OPTION NAV as at March 30, 2012 ` 58.447


(`) (%)^$ (%)# Returns (`) (`)# Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Balanced Fund Index ##S&P CNX Nifty$ Adjusted for bonus units declared under the schemeScheme 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


Mar 30, 11 Last 1 Year 42.028 7.66 -2.67 -8.50 10,766 9,733 9,150Mar 30, 10 Last 2 Years 34.424 14.63 2.82 0.31 13,145 10,573 10,063Mar 30, 09 Last 3 Years 19.068 33.35 16.34 21.13 23,730 15,751 17,781Mar 02, 01 Since Inception 10.000 17.33 N.A. 13.46 58,824 N.A. 40,537

Period Scheme Benchmark Additional ^$ # Benchmark

##


Mar 30, 11 to Mar 30, 12 7.66 -2.67 -8.50

Mar 30, 10 to Mar 30, 11 22.09 8.63 9.98

Mar 30, 09 to Mar 30, 10 80.53 48.97 76.70

HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN NAV as at March 30, 2012 ` 45.249


(`) (%)^$ (%)# Returns (`) (`)# Benchmark(%)## (`) ##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 10 year Gilt Index$ Adjusted for bonus units declared under the schemeScheme 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.


Mar 30, 11 Last 1 Year 22.495 9.70 5.37 2.65 10,970 10,537 10,265Mar 30, 10 Last 2 Years 20.461 9.81 5.68 3.29 12,061 11,171 10,669Mar 30, 09 Last 3 Years 16.276 14.87 8.58 3.70 15,162 12,805 11,154Mar 02, 01 Since Inception 10.000 11.09 N.A. N.A. 32,080 N.A. N.A.

Period Scheme Benchmark Additional ^$ # Benchmark

##


Mar 30, 11 to Mar 30, 12 9.70 5.37 2.65

Mar 30, 10 to Mar 30, 11 9.94 6.01 3.94

Mar 30, 09 to Mar 30, 10 25.71 14.63 4.54

HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN NAV as at March 30, 2012 ` 24.6766


CHIRAG SETALVAD



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX 500 (Please refer to page no 47) ##S&P CNX NIFTYWith effect from May 10, 12, the Scheme is co-managed by Chirag Setalvad & Miten Lathia


Mar 30, 11 Last 1 Year 110.956 -4.86 -8.19 -8.50 9,514 9,181 9,150Mar 30, 10 Last 2 Years 97.445 4.07 -1.06 0.31 10,833 9,788 10,063Mar 30, 09 Last 3 Years 45.550 32.30 23.14 21.13 23,174 18,685 17,781Feb 01, 94 Since Inception 10.000 13.85 7.89 8.37 105,558 39,723 43,056


##


Mar 30, 11 to Mar 30, 12 -4.86 -8.19 -8.50

Mar 30, 10 to Mar 30, 11 13.87 6.61 9.98

Mar 30, 09 to Mar 30, 10 113.93 90.89 76.70

HDFC CAPITAL BUILDER FUND - GROWTH OPTION NAV as at March 30, 2012 ` 105.558

SCHEME PERFORMANCE SUMMARY (FUND MANAGER-WISE) CHIRAG SETALVAD...CONTINUED




^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). #SENSEX (Please refer to page no 47) ## S&P CNX Nifty


Mar 30, 11 Last 1 Year 137.663 -2.80 -9.78 -8.50 9,720 9,022 9,150Mar 30, 10 Last 2 Years 119.359 5.87 -0.53 0.31 11,210 9,894 10,063Mar 30, 09 Last 3 Years 58.286 31.88 22.05 21.13 22,957 18,190 17,781Jan 02, 01 Since Inception 10.000 25.94 13.92 13.52 133,807 43,306 41,638


##


Mar 30, 11 to Mar 30, 12 -2.80 -9.78 -8.50

Mar 30, 10 to Mar 30, 11 15.34 9.66 9.98

Mar 30, 09 to Mar 30, 10 104.78 83.84 76.70

HDFC LONG TERM ADVANTAGE FUND - GROWTH OPTION NAV as at March 30, 2012 ` 133.807



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill IndexScheme 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. The Scheme is co-managed by Chirag Setalvad (Equities) and Anil Bamboli (Debt).


Mar 30, 11 Last 1 Year 16.2075 9.71 5.37 6.63 10,971 10,537 10,663Mar 30, 10 Last 2 Years 15.0650 8.63 5.68 5.24 11,803 11,171 11,078Mar 30, 09 Last 3 Years 12.2020 13.36 8.58 4.59 14,572 12,805 11,444Aug 17, 05 Since Inception 10.0000 9.08 7.39 5.23 17,781 16,031 14,020


##


Mar 30, 11 to Mar 30, 12 9.71 5.37 6.63

Mar 30, 10 to Mar 30, 11 7.59 6.01 3.89

Mar 30, 09 to Mar 30, 10 23.46 14.63 3.31

HDFC MULTIPLE YIELD FUND - PLAN 2005 - GROWTH OPTION NAV as at March 30, 2012 ` 17.7814



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX Nifty ## SENSEX (Please refer to page no 47)


Mar 30, 11 Last 1 Year 16.633 -5.37 -8.50 -9.78 9,463 9,150 9,022Mar 30, 10 Last 2 Years 14.115 5.59 0.31 -0.53 11,151 10,063 9,894Mar 30, 09 Last 3 Years 7.344 28.90 21.13 22.05 21,431 17,781 18,190Feb 10, 06 Since Inception 10.000 7.67 9.54 9.25 15,739 17,491 17,213


##


Mar 30, 11 to Mar 30, 12 -5.37 -8.50 -9.78

Mar 30, 10 to Mar 30, 11 17.84 9.98 9.66

Mar 30, 09 to Mar 30, 10 92.20 76.70 83.84

HDFC LONG TERM EQUITY FUND - GROWTH OPTION NAV as at March 30, 2012 ` 15.739



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # S&P CNX 500 (Please refer to page no 47) ##S&P CNX NIFTYThe Scheme is co-managed by Prashant Jain and Srinivas Rao Ravuri.


Mar 30, 11 Last 1 Year 11.885 -12.71 -8.19 -8.50 8,729 9,181 9,150Mar 30, 10 Last 2 Years 11.214 -3.81 -1.06 0.31 9,252 9,788 10,063Mar 30, 09 Last 3 Years 5.087 26.79 23.14 21.13 20,395 18,685 17,781Mar 10, 08 Since Inception 10.000 0.91 1.79 2.45 10,375 10,748 11,031


##


Mar 30, 11 to Mar 30, 12 12.71 -8.19 -8.50

Mar 30, 10 to Mar 30, 11 5.98 6.61 9.98

Mar 30, 09 to Mar 30, 10 120.44 90.89 76.70

HDFC INFRASTRUCTURE FUND - GROWTH OPTION NAV as at March 30, 2012 ` 10.375

SRINIVAS RAO RAVURI



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # SENSEX ## S&P CNX Nifty (Please refer to page no 47)


Mar 30, 11 Last 1 Year 87.736 -2.61 -9.78 -8.50 9,739 9,022 9,150Mar 30, 10 Last 2 Years 74.504 7.08 -0.53 0.31 11,469 9,894 10,063Mar 30, 09 Last 3 Years 38.079 30.89 22.05 21.13 22,439 18,190 17,781Sep 11, 00 Since Inception 10.000 20.40 12.00 11.82 85,446 37,057 36,362


##


Mar 30, 11 to Mar 30, 12 -2.61 -9.78 -8.50

Mar 30, 10 to Mar 30, 11 17.76 9.66 9.98

Mar 30, 09 to Mar 30, 10 95.66 83.84 76.70

HDFC GROWTH FUND - GROWTH OPTION NAV as at March 30, 2012 ` 85.446



SHOBHIT MEHROTRA




The Scheme is co-managed by Prashant Jain (Equities) and Shobhit Mehrotra (Debt).




##


Mar 30, 11 to Mar 30, 12 5.52 5.37 2.65

Mar 30, 10 to Mar 30, 11 9.11 6.01 3.94

Mar 30, 09 to Mar 30, 10 33.17 14.63 4.54

HDFC MF MIP LONG TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 24.2627




The Scheme is co-managed by Vinay Kulkarni (Equities) and Shobhit Mehrotra (Debt).




##


Mar 30, 11 to Mar 30, 12 6.90 5.37 2.65

Mar 30, 10 to Mar 30, 11 4.81 6.01 3.94

Mar 30, 09 to Mar 30, 10 19.15 14.63 4.54

HDFC MF MIP SHORT TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 18.2208



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Long Term Debt Index ##CRISIL 10 year Gilt Index


Mar 30, 11 Last 1 Year 22.7564 6.78 7.69 2.65 10,678 10,769 10,265Mar 30, 10 Last 2 Years 21.4567 6.41 6.37 3.29 11,325 11,316 10,669Mar 30, 09 Last 3 Years 19.9500 6.79 6.08 3.70 12,180 11,938 11,154Sep 11, 00 Since Inception 10.0000 7.99 N.A. N.A. 24,300 N.A. N.A.


##


Mar 30, 11 to Mar 30, 12 6.78 7.69 2.65

Mar 30, 10 to Mar 30, 11 6.06 5.08 3.94

Mar 30, 09 to Mar 30, 10 7.55 5.50 4.54

HDFC INCOME FUND - GROWTH OPTION NAV as at March 30, 2012 ` 24.2997


(`) (%)^ (%)# Returns (`) #(`) Benchmark(%)## (`)##

^Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Debt Index ## CRISIL 1 year T-Bill Index


Mar 30, 11 Last 1 Year 19.3299 8.86 8.33 6.63 10,886 10,833 10,663Mar 30, 10 Last 2 Years 18.4088 6.90 6.69 5.24 11,430 11,385 11,078Mar 30, 09 Last 3 Years 16.9193 7.53 6.45 4.59 12,437 12,065 11,444Feb 06, 02 Since Inception 10.0000 7.60 N.A. 5.24 21,042 N.A. 16,786


##


Mar 30, 11 to Mar 30, 12 8.86 8.33 6.63

Mar 30, 10 to Mar 30, 11 5.00 5.10 3.89

Mar 30, 09 to Mar 30, 10 8.80 5.97 3.31

HDFC HIGH INTEREST FUND - STP - GROWTH OPTION NAV as at March 30, 2012 ` 21.0421




^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill Index


Mar 30, 11 Last 1 Year 16.5421 9.04 8.47 6.63 10,904 10,847 10,663Mar 30, 10 Last 2 Year 15.5665 7.63 7.32 5.24 11,587 11,520 11,078Mar 30, 09 Last 3 Years 14.8556 6.68 6.10 4.59 12,142 11,946 11,444Jan 16, 03 Since Inception 10.0101 6.60 6.00 5.09 18,019 17,106 15,795


##


Mar 30, 11 to Mar 30, 12 9.04 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.27 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.79 3.70 3.31

HDFC FLOATING RATE INCOME FUND - STP - RETAIL OPTION - GROWTH OPTION NAV as at March 30, 2012 ` 18.0374







Mar 22, 12 Last 8 days 21.1163 0.26 0.21 0.19 10,026 10,021 10,019Mar 15, 12 Last 15 days 21.0777 0.44 0.40 0.34 10,044 10,040 10,034Feb 29, 12 Last 1 Month 20.9963 0.83 0.79 0.75 10,083 10,079 10,075Mar 30, 11 Last 1 Year 19.3747 9.27 8.47 6.63 10,927 10,847 10,663Mar 30, 10 Last 2 Years 18.2361 7.74 7.32 5.24 11,610 11,520 11,078Mar 30, 09 Last 3 Years 17.4597 6.63 6.10 4.59 12,126 11,946 11,444Oct 17, 00 Since Inception 10.0000 6.77 N.A. 5.89 21,171 N.A. 19,256


##


Mar 30, 11 to Mar 30, 12 9.27 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.24 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.45 3.70 3.31

HDFC LIQUID FUND - GROWTH OPTION NAV as at March 30, 2012 ` 21.1713





Mar 22, 12 Last 8 days 21.4347 0.26 0.21 0.19 10,026 10,021 10,019Mar 15, 12 Last 15 days 21.3951 0.45 0.40 0.34 10,045 10,040 10,034Feb 29, 12 Last 1 Month 21.3116 0.84 0.79 0.75 10,084 10,079 10,075Mar 30, 11 Last 1 Year 19.6478 9.38 8.47 6.63 10,938 10,847 10,663Mar 30, 10 Last 2 Years 18.4517 7.91 7.32 5.24 11,647 11,520 11,078Mar 30, 09 Last 3 Years 17.6235 6.83 6.10 4.59 12,194 11,946 11,444Feb 24, 03 Since Inception 11.9684 6.64 6.02 5.13 17,956 17,025 15,764


##


Mar 30, 11 to Mar 30, 12 9.38 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.48 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.70 3.70 3.31

HDFC LIQUID FUND - PREMIUM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 21.4909


SHOBHIT MEHROTRA...CONTINUED





Mar 30, 11 Last 1 Year 16.8478 10.35 8.47 6.63 11,035 10,847 10,663Mar 30, 10 Last 2 Years 15.8049 8.45 7.32 5.24 11,763 11,520 11,078Mar 30, 09 Last 3 Years 14.7338 8.05 6.10 4.59 12,618 11,946 11,444Jan 16, 03 Since Inception 10.0104 6.95 6.00 5.09 18,572 17,106 15,795


##


Mar 30, 11 to Mar 30, 12 10.35 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.60 6.20 3.89

Mar 30, 09 to Mar 30, 10 7.27 3.70 3.31

HDFC FLOATING RATE INCOME FUND - LTP - GROWTH OPTION NAV as at March 30, 2012 ` 18.5917





Mar 30, 11 Last 1 Year 16.7268 9.42 8.47 6.63 10,942 10,847 10,663Mar 30, 10 Last 2 Year 15.6815 8.02 7.32 5.24 11,672 11,520 11,078Mar 30, 09 Last 3 Years 14.9193 7.04 6.10 4.59 12,268 11,946 11,444Oct 23, 07 Since Inception 13.1821 7.67 6.77 5.28 13,885 13,373 12,565


##


Mar 30, 11 to Mar 30, 12 9.42 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.67 6.20 3.89

Mar 30, 09 to Mar 30, 10 5.11 3.70 3.31

HDFC FLOATING RATE INCOME FUND - STP - WHOLESALE OPTION - GROWTH OPTION NAV as at March 30, 2012 ` 18.3028






^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Long Term Debt Index. ##CRISIL 10 year Gilt Index


Mar 30, 11 Last 1 Year 10.5603 8.49 7.69 2.65 10,849 10,769 10,265Jun 29, 10 Since Inception 10.0000 8.07 6.28 3.20 11,457 11,126 10,568

HDFC MEDIUM TERM OPPORTUNITIES FUND - GROWTH OPTION NAV as at March 30, 2012 ` 11.4569



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Debt Index. ## CRISIL 1 year T-Bill IndexPerformance 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.


Mar 30, 11 Last 1 Year 10.3811 9.83 8.33 6.63 10,983 10,833 10663May 07, 10 Since Inception 10.0000 7.15 6.63 5.28 11,401 11,296 11,026

HDFC FMP 36M APRIL 2010 - GROWTH OPTION NAV as at March 30, 2012 ` 11.4014



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Debt Index. ## CRISIL 1 year T-Bill IndexPerformance 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.


Mar 30, 11 Last 1 Year 10.2612 9.02 8.33 6.63 10,902 10,833 10663Sep 16, 10 Since Inception 10.0000 7.57 7.35 6.10 11,187 11,152 10,953

HDFC FMP 25M SEPTEMBER 2010 - GROWTH OPTION NAV as at March 30, 2012 ` 11.1867


##


Mar 30, 11 to Mar 30, 12 8.49 7.69 2.65


##


Mar 30, 11 to Mar 30, 12 9.83 8.33 6.63


##


Mar 30, 11 to Mar 30, 12 9.02 8.33 6.63

SHOBHIT MEHROTRA...CONTINUED





Mar 22, 12 Last 8 days 21.4779 0.26 0.21 0.19 10,026 10,021 10,019Mar 15, 12 Last 15 days 21.4382 0.45 0.40 0.34 10,045 10,040 10,034Feb 29, 12 Last 1 Month 21.3545 0.84 0.79 0.75 10,084 10,079 10,075Mar 30, 11 Last 1 Year 19.6875 9.38 8.47 6.63 10,938 10,847 10,663Mar 30, 10 Last 2 Years 18.4900 7.91 7.32 5.24 11,647 11,520 11,078Mar 30, 09 Last 3 Years 17.6604 6.83 6.10 4.59 12,194 11,946 11,444Feb 24, 03 Since Inception 11.9684 6.67 6.02 5.13 17,993 17,025 15,764


##


Mar 30, 11 to Mar 30, 12 9.38 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.48 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.70 3.70 3.31

HDFC LIQUID FUND - PREMIUM PLUS PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 21.5344






^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## S&P CNX NiftyScheme 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.


Mar 30, 11 Last 1 Year 12.560 8.11 8.47 -8.50 10,811 10,847 9,150Mar 30, 10 Last 2 Years 11.668 7.87 7.32 0.31 11,638 11,520 10,063Mar 30, 09 Last 3 Years 11.190 6.66 6.10 21.13 12,135 11,946 17,781Oct 23, 07 Since Inception 10.000 7.14 6.77 -0.74 13,579 13,373 9,675


##


Mar 30, 11 to Mar 30, 12 8.11 8.47 -8.50

Mar 30, 10 to Mar 30, 11 7.64 6.20 9.98

Mar 30, 09 to Mar 30, 10 4.27 3.70 76.70

HDFC ARBITRAGE FUND - WHOLESALE PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 13.579



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill IndexScheme 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. The Scheme is co-managed by Vinay Kulkarni (Equities) and Anil Bamboli (Debt).


Mar 30, 11 Last 1 Year 17.7806 10.71 5.37 6.63 11,071 10,537 10,663Mar 30, 10 Last 2 Years 16.5572 9.02 5.68 5.24 11,889 11,171 11,078Mar 30, 09 Last 3 Years 13.3290 13.87 8.58 4.59 14,768 12,805 11,444Sep 17, 04 Since Inception 10.0000 9.40 7.64 5.19 19,684 17,422 14,646


##


Mar 30, 11 to Mar 30, 12 10.71 5.37 6.63

Mar 30, 10 to Mar 30, 11 7.39 6.01 3.89

Mar 30, 09 to Mar 30, 10 24.22 14.63 3.31

HDFC MULTIPLE YIELD FUND - GROWTH OPTION NAV as at March 30, 2012 ` 19.6843

ANIL BAMBOLI



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## S&P CNX NiftyScheme 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.


Mar 30, 11 Last 1 Year 12.455 7.84 8.47 -8.50 10,784 10,847 9,150Mar 30, 10 Last 2 Years 11.597 7.61 7.32 0.31 11,582 11,520 10,063Mar 30, 09 Last 3 Years 11.149 6.40 6.10 21.13 12,048 11,946 17,781Oct 23, 07 Since Inception 10.000 6.87 6.77 -0.74 13,432 13,373 9,675


##


Mar 30, 11 to Mar 30, 12 7.84 8.47 -8.50

Mar 30, 10 to Mar 30, 11 7.40 6.20 9.98

Mar 30, 09 to Mar 30, 10 4.02 3.70 76.70

HDFC ARBITRAGE FUND - RETAIL PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 13.432



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill IndexScheme 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. The Scheme is co-managed by Chirag Setalvad (Equities) and Anil Bamboli (Debt).


Mar 30, 11 Last 1 Year 16.2075 9.71 5.37 6.63 10,971 10,537 10,663Mar 30, 10 Last 2 Years 15.0650 8.63 5.68 5.24 11,803 11,171 11,078Mar 30, 09 Last 3 Years 12.2020 13.36 8.58 4.59 14,572 12,805 11,444Aug 17, 05 Since Inception 10.0000 9.08 7.39 5.23 17,781 16,031 14,020


##


Mar 30, 11 to Mar 30, 12 9.71 5.37 6.63

Mar 30, 10 to Mar 30, 11 7.59 6.01 3.89

Mar 30, 09 to Mar 30, 10 23.46 14.63 3.31

HDFC MULTIPLE YIELD FUND - PLAN 2005 - GROWTH OPTION NAV as at March 30, 2012 ` 17.7814




ANIL BAMBOLI...CONTINUED



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # I-Sec Li-Bex ## CRISIL 10 year Gilt Index


Mar 30, 11 Last 1 Year 19.8894 4.87 6.29 2.65 10,487 10,629 10,265Mar 30, 10 Last 2 Years 18.7264 5.53 6.80 3.29 11,138 11,409 10,669Mar 30, 09 Last 3 Years 17.9089 5.21 5.47 3.70 11,647 11,735 11,154Jul 25, 01 Since Inception 10.0000 7.12 N.A. N.A. 20,858 N.A. N.A.


##


Mar 30, 11 to Mar 30, 12 4.87 6.29 2.65

Mar 30, 10 to Mar 30, 11 6.21 7.34 3.94

Mar 30, 09 to Mar 30, 10 4.56 2.85 4.54

HDFC GILT FUND - LONG TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 20.8583



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Short Term Debt Index ## CRISIL 1 year T-Bill Index


Mar 30, 11 Last 1 Year 18.9392 8.84 8.33 6.63 10,884 10,833 10,663Mar 30, 10 Last 2 Years 17.9850 7.05 6.69 5.24 11,461 11,385 11,078Mar 30, 09 Last 3 Years 16.6968 7.27 6.45 4.59 12,345 12,065 11,444Feb 28, 02 Since Inception 10.0000 7.43 N.A. 5.23 20,613 N.A. 16,720


##


Mar 30, 11 to Mar 30, 12 8.84 8.33 6.63

Mar 30, 10 to Mar 30, 11 5.31 5.10 3.89

Mar 30, 09 to Mar 30, 10 7.72 5.97 3.31

HDFC SHORT TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 20.6126



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # I-Sec Si-Bex ## CRISIL 1 year T-Bill Index


Mar 30, 11 Last 1 Year 16.6552 6.55 7.43 6.63 10,655 10,743 10,663Mar 30, 10 Last 2 Years 15.8315 5.86 6.08 5.24 11,209 11,254 11,078Mar 30, 09 Last 3 Years 15.3869 4.86 6.12 4.59 11,533 11,953 11,444Jul 25, 01 Since Inception 10.0000 5.51 N.A. 5.45 17,746 N.A. 17,637


##


Mar 30, 11 to Mar 30, 12 6.55 7.43 6.63

Mar 30, 10 to Mar 30, 11 5.20 4.75 3.89

Mar 30, 09 to Mar 30, 10 2.89 6.21 3.31

HDFC GILT FUND - SHORT TERM PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 17.7455



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Long Term Debt Index ## CRISIL 10 year Gilt Index


Mar 30, 11 Last 1 Year 33.0810 6.62 7.69 2.65 10,662 10,769 10,265Mar 30, 10 Last 2 Years 31.1660 6.37 6.37 3.29 11,317 11,316 10,669Mar 30, 09 Last 3 Years 29.0586 6.66 6.08 3.70 12,138 11,938 11,154Apr 28, 97 Since Inception 10.0000 8.81 N.A. N.A. 35,270 N.A. N.A.


##


Mar 30, 11 to Mar 30, 12 6.62 7.69 2.65

Mar 30, 10 to Mar 30, 11 6.14 5.08 3.94

Mar 30, 09 to Mar 30, 10 7.25 5.50 4.54

HDFC HIGH INTEREST FUND - GROWTH OPTION NAV as at March 30, 2012 ` 35.2704





Mar 30, 11 Last 1 Year 21.2517 8.90 8.47 6.63 10,890 10,847 10,663Mar 30, 10 Last 2 Years 19.9841 7.60 7.32 5.24 11,580 11,520 11,078Mar 30, 09 Last 3 Years 19.0777 6.64 6.10 4.59 12,130 11,946 11,444Nov 18, 99 Since Inception 10.0000 7.02 N.A. 6.07 23,142 N.A. 20,723


##


Mar 30, 11 to Mar 30, 12 8.90 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.34 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.75 3.70 3.31

HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN - RETAIL OPTION - GROWTH OPTIONNAV as at March 30, 2012 ` 23.1421




BHARAT PAREEK


(`) (%)^$$ (%)# Returns (`) (`)# Benchmark(%)## (`)##

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill 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).


Mar 22, 12 Last 8 days 22.3398 0.28 0.21 0.19 10,028 10,021 10,019Mar 15, 12 Last 15 days 22.2947 0.48 0.40 0.34 10,048 10,040 10,034Feb 29, 12 Last 1 Month 22.2075 0.88 0.79 0.75 10,088 10,079 10,075Mar 30, 11 Last 1 Year 20.4864 9.35 8.47 6.63 10,935 10,847 10,663Mar 30, 10 Last 2 Years 19.2449 7.88 7.32 5.24 11,641 11,520 11,078Mar 30, 09 Last 3 Years 18.3804 6.81 6.10 4.59 12,188 11,946 11,444Nov 18, 99 Since Inception 10.0000 6.77 N.A. 6.07 22,479 N.A. 20,723


##


Mar 30, 11 to Mar 30, 12 9.35 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.45 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.70 3.70 3.31

HDFC CASH MANAGEMENT FUND - SAVINGS PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 22.4023

Period Scheme Benchmark^ #


Mar 30, 11 to Mar 30, 12 30.25 31.83


##


Mar 30, 11 to Mar 30, 12 9.65 8.33 6.63



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree..Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Short-Term Bond Fund Index. ## CRISIL 1 year T-Bill Index


Mar 30, 11 Last 1 Year 10.5547 9.65 8.33 6.63 10,965 10,833 10,663Jun 25, 10 Since Inception 10.0000 8.64 6.86 5.58 11,574 11,241 11,006

HDFC SHORT TERM OPPORTUNITIES FUND - GROWTH OPTION NAV as at March 30, 2012 ` 11.5736

Date Period NAV Scheme Benchmark Value of investment of ` 10,000@ per Unit Returns Returns Scheme Benchmark

(`) (%)^ (%)# (`) (`)#

^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # Domestic Price of Physical GoldFace Value per unit: ` 100. For calculating returns since inception, NAV on the date of allotment i.e. ` 1800.3288 is taken into consideration


Mar 30, 11 Last 1 Year 2058.6979 35.35 37.00 13,535 13,700Aug 13, 10 Since Inception 1800.3288 30.73 30.06 15,478 15,349

HDFC GOLD EXCHANGE TRADED FUND NAV as at March 30, 2012 ` 2786.4749





Mar 30, 11 Last 1 Year 21.5160 9.37 8.47 6.63 10,937 10,847 10,663Mar 30, 10 Last 2 Years 20.1825 7.97 7.32 5.24 11,660 11,520 11,078Mar 30, 09 Last 3 Years 19.2105 6.99 6.10 4.59 12,250 11,946 11,444Apr 23, 07 Since Inception 16.3449 7.66 6.82 5.39 14,397 13,836 12,959


##


Mar 30, 11 to Mar 30, 12 9.37 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.61 6.20 3.89

Mar 30, 09 to Mar 30, 10 5.06 3.70 3.31

HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN - WHOLESALE OPTION - GROWTH OPTIONNAV as at March 30, 2012 ` 23.5322

ANIL BAMBOLI...CONTINUED


##


Mar 30, 11 to Mar 30, 12 8.18 8.33 6.63



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree..Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Short-Term Bond Fund Index. ## CRISIL 1 year T-Bill Index


Mar 30, 11 Last 1 Year 10.0524 7.91 8.33 6.63 10,791 10,833 10663Mar 11, 11 Since Inception 10.0000 8.02 8.39 6.53 10,000 10,000 10,000

HDFC DEBT FUND FOR CANCER CURE - DIVIDEND OPTION NAV as at March 30, 2012 ` 10.0707



Returns of the Wholesale Plans under HDFC Quarterly Interval Fund – Plans A, B & C cannot be computed, as there have been periods since the launch of the Scheme / Plans when there were nounit holders under the Plans.




^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund ## CRISIL 1 year T-Bill IndexScheme 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 quarterly intervals.


Mar 30, 11 Last 1 Year 13.3476 9.34 8.47 6.63 10,934 10,847 10,663Mar 30, 10 Last 2 Year 12.4929 8.07 7.32 5.24 11,682 11,520 11,078Mar 30, 09 Last 3 Years 11.8573 7.16 6.10 4.59 12,308 11,946 11,444May 15, 07 Since Inception 10.0000 8.06 6.78 5.39 14,595 13,773 12,920


##


Mar 30, 11 to Mar 30, 12 9.34 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.84 6.20 3.89

Mar 30, 09 to Mar 30, 10 5.36 3.70 3.31

HDFC QUARTERLY INTERVAL - PLAN C - RETAIL PLAN - GROWTH OPTIONNAV as at March 30, 2012 ` 14.5945

BHARAT PAREEK...CONTINUED



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIL Liquid Fund ## CRISIL 1 year T-Bill IndexScheme 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 quarterly intervals.


Mar 30, 11 Last 1 Year 13.4063 9.19 8.47 6.63 10,919 10,847 10,663Mar 30, 10 Last 2 Year 12.5753 7.88 7.32 5.24 11,640 11,520 11,078Mar 30, 09 Last 3 Years 12.0114 6.81 6.10 4.59 12,187 11,946 11,444Apr 18, 07 Since Inception 10.0000 8.00 6.82 5.39 14,638 13,865 12,971


##


Mar 30, 11 to Mar 30, 12 9.19 8.47 6.63

Mar 30, 10 to Mar 30, 11 6.61 6.20 3.89

Mar 30, 09 to Mar 30, 10 4.69 3.70 3.31

HDFC QUARTERLY INTERVAL - PLAN B - RETAIL PLAN - GROWTH OPTIONNAV as at March 30, 2012 ` 14.6380


(`) (%)^ (%)# Returns (`) (`)# Benchmark(%)## (`)##



Mar 22, 12 Last 8 days 17.3646 0.19 0.21 0.19 10,019 10,021 10,019Mar 15, 12 Last 15 days 17.3366 0.35 0.40 0.34 10,035 10,040 10,034Feb 29, 12 Last 1 Month 17.2776 0.69 0.79 0.75 10,069 10,079 10,075Mar 30, 11 Last 1 Year 16.1002 8.06 8.47 6.63* 10,806 10,847 10,663Mar 30, 10 Last 2 Years 15.2574 6.77 7.32 5.24 11,403 11,520 11,078Mar 30, 09 Last 3 Years 14.7975 5.54 6.10 4.59 11,757 11,946 11,444Feb 06, 02 Since Inception 10.0000 5.61 N.A. 5.24 17,397 N.A. 16,786


##


Mar 30, 11 to Mar 30, 12 8.06 8.47 6.63

Mar 30, 10 to Mar 30, 11 5.52 6.20 3.89

Mar 30, 09 to Mar 30, 10 3.11 3.70 3.31

HDFC CASH MANAGEMENT FUND - CALL PLAN - GROWTH OPTION NAV as at March 30, 2012 ` 17.3973



^̂PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. Returns greater than 1 year period are compounded annualized (CAGR). # Crisil Liquid Fund Index ## CRISIL 1 year T-Bill IndexScheme 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 quarterly intervals.


Mar 30, 11 Last 1 Year 13.6458 9.81 8.47 6.63 10,981 10,847 10,663Mar 30, 10 Last 2 Year 12.7183 8.53 7.32 5.24 11,782 11,520 11,078Mar 30, 09 Last 3 Years 12.0792 7.44 6.10 4.59 12,405 11,946 11,444Mar 30, 07 Since Inception 10.0000 8.42 6.91 5.51 14,985 13,975 13,077


##


Mar 30, 11 to Mar 30, 12 9.81 8.47 6.63

Mar 30, 10 to Mar 30, 11 7.29 6.20 3.89

Mar 30, 09 to Mar 30, 10 5.29 3.70 3.31

HDFC QUARTERLY INTERVAL - PLAN A - RETAIL PLAN - GROWTH OPTIONNAV as at March 30, 2012 ` 14.9847


Dividend History ^

^̂ PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. All dividends are on face value of `̀ 10 per Unit. After payment of the dividend, the per Unit NAV fallsto 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

RReettaaiill OOppttiioonn

May 07, 12 10.1520 0.0146 0.0126

May 14, 12 10.1526 0.0151 0.0130

May 21, 12 10.1534 0.0159 0.0136

May 28, 12 10.1529 0.0154 0.0132

WWhhoolleessaallee OOppttiioonn

May 07, 12 10.1528 0.0153 0.0131

May 14, 12 10.1532 0.0157 0.0135

May 21, 12 10.1541 0.0164 0.0141

May 28, 12 10.1536 0.0161 0.0138

RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrss




Short Term Plan (Weekly Dividend Option) (Past 1 month)


May 07, 12 10.1808 0.0087 0.0075

May 14, 12 10.1721 0.0011 0.0009

May 21, 12 10.1973 0.0232 0.0199

May 28, 12 10.1931 0.0195 0.0167

Long Term Plan (Weekly Dividend Reinvestment Option) (Past 1 month)


Mar 26, 12 10.2177 0.0648 0.0556

Apr 30, 12 10.2626 0.1044 0.0895

May 28, 12 10.2136 0.0613 0.0525


Mar 26, 12 10.2205 0.0673 0.0576

Apr 30, 12 10.2657 0.1071 0.0918

May 28, 12 10.2164 0.0637 0.0547

RReeccoorrdd DDaattee CCuumm DDiivviiddeenndd NNAAVV ((`̀)) DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr IInnddiivviidduuaallss && HHUUFF OOtthheerrss

Short Term Plan (Monthly Dividend Option) (Past 3 months)



March 2012 Daily 10.0809 0.0829 0.0713

April 2012 Daily 10.0809 0.0421 0.0361

May 2012 Daily 10.0809 0.0667 0.0571


March 2012 Daily 10.0809 0.0855 0.0733

April 2012 Daily 10.0809 0.0688 0.0588

May 2012 Daily 10.0809 0.0694 0.0593

MMoonntthh RReeccoorrdd DDaattee EExx-ddiivviiddeenndd NNAAVV ppeerr UUnniitt ((`̀)) AAggggrreeggaattee DDiivviiddeenndd PPeerr UUnniitt ((`̀)) ffoorr tthhee mmoonntthh IInnddiivviidduuaallss && HHUUFF OOtthheerrss

Short Term Plan (Daily Dividend Reinvestment Option)* (Past 3 months)


HDFC Gilt Fund (Past 3 quarters)

Sep 26, 11 11.0495 0.1000 0.0857

Dec 26, 11 11.1685 0.1500 0.1286

Mar 26, 12 11.1356 0.1500 0.1286

Sep 26, 11 10.9273 0.1500 0.1286

Dec 26, 11 10.8904 0.1000 0.0857

Mar 26, 12 10.9625 0.2000 0.1714


RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((RR`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrss

Short Term Plan (Dividend Option) Long Term Plan (Dividend Option)

Monthly Dividend Option(Past 3 months)


Mar 26, 12 11.1499 0.0500 0.0428Apr 25, 12 11.1753 0.0500 0.0428May 25, 12 11.0679 0.0500 0.0428

Quarterly Dividend Option(Past 3 quarters)


Sep 26, 11 11.4228 0.1500 0.1286Dec 26, 11 11.2323 0.1500 0.1286Mar 26, 12 12.5371 0.1500 0.1286

Apr 10, 12 10.6325 0.0482 0.0413Apr 25, 12 10.6242 0.0409 0.0351

May 25, 12 10.6335 0.0491 0.0421



Dividend Option - Fortnightly (Past 2 months)

HDFC High Interest Fund - Short Term Plan

HDFC High Interest Fund

Sep 26, 11 11.4834 0.1500 0.1286Dec 26, 11 11.5281 0.1500 0.1286Mar 26, 12 11.5636 0.2000 0.1714

Sep 27, 10 11.1614 0.3000 0.2796Mar 25, 11 11.0991 0.1500 0.1398Sep 26, 11 11.2787 0.2500 0.2143Mar 26, 12 11.4072 0.3500 0.3000



Quarterly (Dividend Option)(Past 3 quarters)

Half-yearly (Dividend Option)(Past 2 years)

Yearly (Dividend Option) (Past 3 years)

Sep 26, 11 11.2577 0.1500 0.1286Dec 26, 11 11.3019 0.1500 0.1286Mar 26, 12 11.3415 0.2000 0.1714


Dividend Option (Past 3 quarters)

Mar 25, 10 11.8406 0.4500 0.4188Mar 25, 11 12.0365 0.4500 0.4194Mar 26, 12 12.3397 0.6000 0.5143


HDFC Income Fund

Short Term Plan (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)


Mar 26, 12 12.7731 0.0600 0.0514Apr 25, 12 12.8057 0.0600 0.0514May 25, 12 12.6173 0.0600 0.0514

Quarterly Dividend Option(Past 3 quarters)


Sep 26, 11 13.0988 0.1800 0.1543Dec 26, 11 12.7963 0.1800 0.1543Mar 26, 12 13.2476 0.1800 0.1543

HDFC Multiple Yield Fund (Past 3 years)

Feb 18, 10 12.2853 1.5000 1.3961Feb 17, 11 11.3818 0.7500 0.6990

Feb 17, 12 12.8281 0.7500 0.6428



(Dividend Option)

HDFC Multiple Yield Fund - Plan 2005 (Past 3 years)

Feb 18, 10 12.2283 1.5000 1.3961Feb 17, 11 11.4214 0.7500 0.6990

Feb 17, 12 11.6454 0.7500 0.6428



(Dividend Option)



RReettaaiill PPllaann

May 07, 12 10.0468 0.0148 0.0127

May 14, 12 10.0471 0.0151 0.0129

May 21, 12 10.0468 0.0148 0.0127

May 28, 12 10.0469 0.0149 0.0127

WWhhoolleessaallee PPllaann

May 07, 12 10.0479 0.0158 0.0135

May 14, 12 10.0482 0.0161 0.0138

May 21, 12 10.0479 0.0158 0.0135

May 28, 12 10.0481 0.0159 0.0137



WWeeeekkllyy DDiivviiddeenndd OOppttiioonn (Past 1 month)

MMoonntthhllyy DDiivviiddeenndd OOppttiioonn (Past 3 months)

^̂ PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. All dividends are on face value of `̀ 10 per Unit. After payment of the dividend, the per Unit NAV fallsto 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

Treasury Advantage Plan (Daily Dividend Reinvestment Option)*(Past 3 months)

HDFC Cash Management Fund (Call Plan)


RReettaaiill OOppttiioonnMarch 2012 Daily 10.0315 0.0744 0.0638April 2012 Daily 10.0315 0.0643 0.0550May 2012 Daily 10.0315 0.0649 0.0558

WWhhoolleessaallee OOppttiioonnMarch 2012 Daily 10.0315 0.0787 0.0674April 2012 Daily 10.0315 0.0675 0.0580May 2012 Daily 10.0315 0.0692 0.0595

March 2012 Daily 10.4266 0.0571 0.0548

April 2012 Daily 10.4266 0.0521 0.0499

May 2012 Daily 10.4266 0.0537 0.0517




Mar 26, 12 10.1190 0.0608 0.0521

Apr 30, 12 10.1588 0.0959 0.0821

May 28, 12 10.1178 0.0598 0.0512


Mar 26, 12 10.1236 0.0648 0.0555

Apr 30, 12 10.1638 0.1002 0.0859

May 28, 12 10.1226 0.0639 0.0548

DDaaiillyy DDiivviiddeenndd RReeiinnvveessttmmeenntt OOppttiioonn** (Past 3 months)

Dividend History ^

HDFC Liquid FundWeekly Dividend Option (Past 1 month)

RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrss DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrss

May 07, 12 10.3290 0.0147 0.0141

May 14, 12 10.3295 0.0151 0.0145

May 21, 12 10.3286 0.0144 0.0138

May 28 12 10.3293 0.0150 0.0143

HDFC Liquid Fund - Premium PlanWeekly Dividend Option (Past 1 month)

RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrss DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrss

May 07, 12 10.1632 0.0497 0.0477

May 14, 12 10.1191 0.0150 0.0144

May 21, 12 10.1182 0.0143 0.0137

May 28 12 10.1188 0.0148 0.0142

Mar 26, 12 10.3387 0.0596 0.0572

Apr 30, 12 10.3691 0.0835 0.0801

May 28, 12 10.3381 0.0591 0.0567


Monthly Dividend Option (Past 3 months)

HDFC Liquid Fund

May 07, 12 10.1637 0.0858 0.0858


Weekly Dividend Option (Past 1 month)

HDFC Liquid Fund - Premium Plus Plan

March 2012 Daily 10.1982 0.0671 0.0643

April 2012 Daily 10.1982 0.0665 0.0638

May 2012 Daily 10.1982 0.0648 0.0621


Daily Dividend Reinvestment Option* (Past 3 months)

HDFC Liquid Fund

HDFC Cash Management FundSavings Plan (Daily Dividend Reinvestment Option)* (Past 3 months)


WWeeeekkllyy DDiivviiddeenndd OOppttiioonn (Past 1 month)

May 04, 12 10.6437 0.0149 0.0143

May 11, 12 10.6450 0.0160 0.0153

May 18, 12 10.6448 0.0158 0.0152

May 25, 12 10.6441 0.0153 0.0146



March 2012 Daily 10.6364 0.0733 0.0704

April 2012 Daily 10.6364 0.0705 0.0674

May 2012 Daily 10.6364 0.0693 0.0663

HDFC Short Term PlanDividend Reinvestment Option (Past 3 months)



Apr 25, 12 10.473 0.1373 0.1177May 25, 12 10.3707 0.0471 0.0404

March 2012 Daily 12.2598 0.0787 0.0780

April 2012 Daily 12.2598 0.0775 0.0775

May 2012 Daily 12.2598 0.0763 0.0754


Daily Dividend Reinvestment Option* (Past 3 months)

HDFC Liquid Fund - Premium Plan

Apr 10, 12 10.0917 0.0632 0.0541Apr 25, 12 10.0600 0.0353 0.0305

May 10, 12 10.0571 0.0327 0.0280May 25, 12 10.0593 0.0347 0.0297



Dividend Option - Fortnightly (Past 2 months)

HDFC Short Term Opportunities Fund


Mar 26, 12 10.1988 0.1743 0.1494



Dividend Reinvestment Option (Past 3 months)

HDFC Medium Term Opportunities Fund

Feb 18, 10 23.197 4.00 4.00Feb 17, 11 25.562 2.00 2.00Feb 16, 12 19.647 2.00 2.00


HDFC Core & Satellite Fund

Mar 25, 10 46.947 4.00 4.00Mar 22, 11 49.043 4.00 4.00

Mar 23, 12 43.951 4.00 4.00



HDFC Equity Fund (Past 3 years)

Mar 11, 10 46.578 4.00 4.00Mar 10, 11 48.000 4.00 4.00

Mar 07, 12 42.778 4.00 4.00



HDFC Top 200 Fund (Past 3 years)

Feb 25, 10 23.986 2.25 2.25Feb 24, 11 24.791 2.50 2.50


HDFC Capital Builder Fund (Past 3 years)

Feb 25, 10 30.043 2.75 2.75Feb 24, 11 31.392 3.00 3.00

Feb 23, 12 30.629 3.00 3.00


HDFC Growth Fund

RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrssMar 07, 12 22.595 2.50 2.50

HDFC Balanced Fund (Past 3 years)

RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrssMar 04, 10 20.455 2.25 2.25Mar 03, 11 20.785 2.25 2.25

RReeccoorrdd CCuumm DDiivv DDiivviiddeenndd PPeerr uunniitt ((`̀)) FFoorr DDaattee NNAAVV ((`̀)) IInnddiivviidduuaallss && HHUUFF OOtthheerrssMar 01, 12 20.353 2.25 2.25

Mar 18, 10 31.238 3.50 3.50Mar 17, 11 31.286 3.50 3.50

Mar 15, 12 29.516 3.50 3.50



HDFC Prudence Fund (Past 3 years)


Dividend Option

Dividend Option

Dividend Option

Dividend Option

Dividend Option

Dividend Option

Dividend Option HDFC Premier Multi-Cap Fund

Dividend Option

Feb 11, 10 16.802 3.00 3.00Feb 10, 11 15.046 1.50 1.50Feb 09, 12 13.912 1.50 1.50


(Past 3 years)

(Past 3 years) (Past 3 years)

Feb 11, 10 36.565 3.75 3.75Feb 10, 11 37.085 4.00 4.00

Feb 09, 12 34.468 4.00 4.00


HDFC Long Term Advantage Fund (Past 3 years)

(An open-ended equity linked savings scheme with a lock-in period of 3 years)


Dividend Option

Mar 04, 10 61.914 6.00 6.00Mar 03, 11 62.686 6.00 6.00

Mar 01, 12 56.738 6.00 6.00



HDFC TaxSaver (Past 3 years)

(An open-ended equity linked savings scheme with a lock-in period of 3 years)Dividend Option

RReettaaiill PPllaannSep 26, 11 10.1570 0.1570 0.1570Dec 26, 11 10.1810 0.1810 0.1810Mar 26, 12 10.6690 0.2470 0.2470

WWhhoolleessaallee PPllaannSep 26, 11 10.4440 0.1650 0.1650Dec 26, 11 10.4690 0.1900 0.1900Mar 26, 12 10.5250 0.2460 0.2460



Quarterly (Dividend Option) (Past 3 quarters)

HDFC Arbitrage Fund

Dividend History ^

Jan 08, 10 13.034 1.25 1.25Mar 22, 11 13.017 1.00 1.00

Mar 23, 12 12.024 1.00 1.00



HDFC Long Term Equity Fund (Past 3 years) Dividend Option

Feb 23, 12 16.058 1.50 1.50



HDFC Mid-Cap Opportunities Fund (Past 3 years)Dividend Option

^̂ PPaasstt ppeerrffoorrmmaannccee mmaayy oorr mmaayy nnoott bbee ssuussttaaiinneedd iinn tthhee ffuuttuurree.. All dividends are on face value of `10 per Unit. After payment of the dividend, the per Unit NAV fallsto the extent of the payout and statutory levy, if any.


Disclaimer:

The information contained herein should not be altered in any way, transmitted to, copiedor distributed, in part or in whole, to any other person or to the media or reproduced in anyform, 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 propertyand 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 consti-tute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any secu-rities of any entity, and further, HDFC AMC / its subsidiaries / affiliates / sponsors / trustee (HDFCAMC Group) or their officers, employees, personnel, directors may be associated in a commer-cial, professional or personal capacity or may have a commercial interest including as propri-etary traders in or with the securities and/ or companies or issues or matters as contained in thispublication and such commercial capacity or interest whether or not differing with or conflictingwith this publication, shall not make or render (HDFC AMC Group) liable in any manner what-soever & (HDFC AMC Group) or any of their officers, employees, personnel, directors shall notbe liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from theuse or access of any information that may be displayed in this publication from time to time.Recipients of the information contained herein should exercise due care and caution and readthe Scheme Information Document(s) and Statement of Additional Information (including if nec-essary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior totaking of any decision, acting or omitting to act, on the basis of the information contained here-in. The printing and mailing cost of this newsletter is charged to the respective schemes subjectto Securities & Exchange Board of India (Mutual Funds) Regulations, 1996.

The author’s opinions, beliefs and viewpoints published in Intouch Mutually (Page No. 4)are his own views and not of HDFC AMC Group, or any of their officers, employees, personneland directors. HDFC AMC Group or any of their officers, employees, personnel, directors do notaccept responsibility for the author’s content and make no representation as to the accuracy,completeness or reliability of the author’s content and hereby disclaim any liability with regardto the same.

HDFC Equity Fund, HDFC Capital Builder Fund, HDFC TaxSaver, HDFC Premier Multi-CapFund and HDFC Infrastructure Fund benchmarked to S&P CNX 500 Index, HDFC Mid-CapOpportunities Fund benchmarked to CNX Midcap Index and HDFC Long Term Equity Fundbenchmarked to S&P CNX Nifty, are not sponsored, endorsed, sold or promoted by IndiaIndex Services & Products Limited (IISL). IISL is not responsible for any errors or omissions orthe results obtained from the use of such index and in no event shall IISL have any liabilityto any party for any damages of whatsoever nature (including lost profits) resulted to suchparty due to purchase or sale or otherwise of such product benchmarked to such index.

“Standard & Poor’s® and “S&P® are trademarks of The McGraw-Hill Companies, Inc. andhave been licensed for use by India Index Services & Products Limited (IISL), which has subli-censed such marks to the HDFC Asset Management Company Limited. The S&P CNX Nifty isnot compiled, calculated or distributed by Standard & Poor’s and Standard & Poor’s and IISLmake no representation regarding the advisability of investing in products that utilize any suchIndex as a component. All rights in the SENSEX vest in Bombay Stock Exchange Ltd. (“BSE”).BSE and SENSEX are trademarks of BSE and are used by HDFC Asset Management CompanyLimited under license. BSE shall not be liable in any manner whatsoever (including in negli-gence) for any loss arising to any person whosoever out of use of or reliance on the SENSEX byany person.

# S&P CNX 500 / CNX MID CAP /S&P CNX NIFTY / SENSEX

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Tel No: (0641) 2300 390 Fax: (0641) 2300391.HDFC AMC Ltd., C/o. Hera Enclave (adjacent to Sahara Unique Showroom),Mezzanine Floor, New Dak Bungalow Road, Patna - 800 001. Tel: 0612 - 2230540. 3201439, 2200747, 9931770771 Fax: 0612 - 2200747.CHHATTISGARHHDFC AMC Ltd., Chawla Complex, Ground Floor, Near Vanijya Bhavan, Devendra Nagar Road, Sai Nagar, Raipur . 492 001. Tel: 0077 - 14020167.DELHIHDFC AMC Ltd., GF - 2 & 3, Prakashdeep Building, 7,Tolstoy Marg, ConnaughtPlace, New Delhi - 110 001. Tel: 011 - 6632 4000. Fax: 011 - 2335 1317. HDFC AMC Ltd., 1st floor, Prakashdeep Building, 7, Tolstoy Marg, Connaught Place, New Delhi - 110 001. Tel: 011 - 6632 4000. Fax: 011 - 2335 1317. GOAHDFC AMC Ltd., Ground Floor, G3 & G4 Jivottam, Minguel Miranda Road, Off. Abade Faria Road, Margao - 403 601. Tel: 0832 - 2737410 / 2737411,Fax: 0832-2736477.HDFC AMC Ltd., S1, Second Floor, Above Axis Bank, Edcon Centre, Angod,Mapusa - 403 507, Bardez. Tel: 0832 - 2253 460 / 461, Fax: 0832 - 2253 465.HDFC AMC Ltd., A3, First Floor, Krishna Building, Opp. Education Dept, BehindSusheela Building, G.P. Road, Panaji - 403 001. Tel: 0832 - 242 5609, 242 5610, Fax: 0832 - 242 5614.HDFC AMC Ltd., 6, Ground Floor, Pereira Chambers, Padre Jose Vaz Road, Vasco - 403 802, Mormugao. Tel: 0832 - 2513 402 / 406, Fax: 0832 - 2513 448.GUJARATHDFC AMC Ltd., 2nd Floor, Megha House, Besides Gruh House, Mithakhali Six Roads, Ahmedabad - 380 009. Tel: (B) 079 - 4005 0055/66 Telefax: 079 - 4005 0506.HDFC AMC Ltd., Maruti Sharanam, No.117, 1st Floor, Anand-Vidhyanagar Road,Opposite Nandbhumi Party Plot, Anand - 388 001. Tel : (02692) - 398200 Fax: (02692) - 398222.HDFC AMC Ltd., 3rd Floor, Shreemangalam Complex, Above IDBI Bank Ltd., Patel Society Road, Ward No. 1, Kasak Circle. Bharuch - 392012. Phone : 02642 227205. Fax : 02642 227206.HDFC AMC Ltd., 2nd Floor, Gangotri Plaza, Opposite Daxinamurty School,Waghawadi Road, Bhavnagar - 364 001. Tel : (0278) - 3988029 Fax: (0278) - 3984039.HDFC AMC Ltd., 1st Floor, B Wing, Katira Complex, RTO Circle, Bhuj - 370 001. Tel No: (02832) 223 223. Fax: (02832) 251 946.HDFC AMC Ltd., 2nd Floor, Keshav Complex, P N Marg, Opposite Dhanvantry,Jamnagar - 361 001. Tel : (0288) - 3988029 Fax: (0288) - 3982426.HDFC AMC Ltd., 2nd Floor, Rajendra Estate, State Highway, Mehsana - 384 002.Tel: 60006767 Fax: 02762 - 302020. HDFC AMC Ltd., 2nd Floor, Shiv Darshan,Dr Radha Krishnan Road, 5, JagnathPlot Corner, Rajkot - 360 001. Tel: 0281 662 4881 / 82. Fax: 0281 662 4883.HDFC AMC Ltd., U1 - U3, Jolly Plaza, Opp Athwa Gate Police Station, AthwaGate, Surat - 395 001. Tel: 0261 - 246 0082 / 83. Fax: 0261 - 246 0091. HDFC AMC Ltd., Upper Ground Floor, Gokulesh, R C Dutt Road, Vadodara - 390 007. Tel: 0265 6621110, 6621120, Fax: 0265 6621150.HDFC AMC Ltd., 5-B, 2nd Floor, Sapphire Building, Daulatnagar, Chala-Vapi Road,Vapi - 396 191. Tel No: (0260) 3983900 Fax: (0260) 3983908.HARYANAHDFC AMC. Ltd., TA - 12A, 15-18, Third Floor, Crown Plaza, Sector 15A, Mathura Road, Faridabad - 121001.Tel : (0129) 2221 338 / 339 / 341 / 342 / 343 Fax: (0129) 2221 340. HDFC AMC Ltd., Premises 102, 1st Floor, Vipul Agora, MG Road, Gurgaon - 122 002. Tel No: (0124) 2560 450 - 54 Fax: (0124) 2560455. HDFC AMC Ltd., 1175 B Royal 1, 1st Floor, Adjoining Gurudawara, G.T Road,Panipat - 132 103. Tel: (0180) 3985400/ 01 Fax: (0180) 3985403. HIMACHAL PRADESHHDFC AMC Ltd., 2nd Floor, Opposite Town Hall, 30, The Mall. Shimla – 171 001.Tel No: (0177) 2816861JAMMU & KASHMIRHDFC AMC Ltd., Hall No-102 A/2, South Block, Bahu Plaza, Gandhi Nagar,Jammu - 180 012. Tel: (0191)-2477911 / 12 / 13 (0191) 2474297/98/99. JHARKHANDHDFC AMC Ltd., Vardhan Complex, 1st Floor, Opp. Sreeleathers Showroom, BankMore, Dhanbad - 826 001. Tel: (0326) 3205352, 2301756 Fax: (0326) 2300552. HDFC AMC Ltd., Gayatri Enclave, “K” Road, Bistupur, Jamshedpur - 831 001.Tel: 0657 - 2426730. Telefax: 0657 - 3291826. HDFC AMC Ltd., Pradhan Towers, 1st Floor, 5, Main Road, Ranchi - 834 001. Tel: (0651) 6003358 Fax: (0651) 3242077. KARNATAKAHDFC AMC Ltd., Nitesh Broadway, No. 9/3, 1-A, Ground Floor, M. G. Road,Opposite Trinity Metro Station, Bangalore - 560001. Tel: 080-66205300, Fax: 080-41125255.HDFC AMC Ltd., # 145,1st Floor, 60ft Road, 5th Block, Koramangala,

Bangalore - 560034. Ph: 080-30922720, Fax: 080 - 30922728.HDFC AMC Ltd., # 493,1st Floor, 4th Cross, 2nd Main, Sampige Road,Malleshwaram, Bangalore - 560003. Ph: 080- 30922750, Fax: 080 - 30922753.HDFC AMC Ltd., Premises No. 4830/B, First Floor, Dr. Ambedkar Road, Opp. Civil Medical College, Belgaum - 590 002.Tel No: (0831) 4206 915 / 916 / 918 Fax: (0831) 4206919.HDFC AMC Ltd., # 63, Upper Ground Floor, Opposite Bellary Gas Agency,Anantapura Cross Road, Bellary - 583 103. Tel: (08392) 276576 Fax: (08392) 276580.HDFC AMC Ltd., 190/3, 1st Floor, S.V.C. Plaza, Opposite Mothi Talkies, Gandhi Circle, Davangere - 577 002. Tel No: (08192) 250 240 / 241 / 242Fax: (08192) 250243.HDFC AMC Ltd., No. 1, First Floor, Revankar Comforts, Vivekanand Road, Court Circle, Hubli - 580 029. Tel: (0836) 4252 294 / 95 Fax: (0836) 4252 290.HDFC AMC Ltd., UG - II, 6 & 7, Upper Ground Floor, Maximus CommercialComplex, Light House Hill Road, Opp. KMC, Mangalore - 575 001. Tel: 0824 662 0667 / 662 0669 Fax: 0824 - 428 5336. HDFC AMC Ltd., No. 2918, CH 51/1 B, 1st Floor, Patel Mansion, Kantharaj Urs Road, Saraswathipuram, Mysore - 570 009. Tel: (0821) 4000 530 Fax: (0821) 4000 535.KERALAHDFC AMC Ltd., 3rd Floor, City Mall, Opposite YMCA, Kannur Road, Calicut - 673 001. Tel: (0495) - 4099222 / 333, 3982310 Fax: (0495) - 3982330.HDFC AMC Ltd., Ground Floor, Cinema Cum Commercial Complex, Behind Ravipuram Bus Stop, M.G. Road, Kochi - 682 016. Tel: 0484 - 235 7707 / 08, 324 3059, 235 8462. Telefax: 0484 - 235 8462.HDFC AMC Ltd., 1st Floor, Kaniamparambil Arcade, G S Junction, Shasthri Road,Kottayam - 686001. Tel: 0481-3018392 / 93 / 94 / 95, Fax: 0481-3018397. HDFC AMC Ltd., 14/868, Ground Floor, Sri Krishna Complex, Coimbatore Road,Palghat - 678 001. Tel: 0491 2548300. Fax: 0491 2548303.HDFC AMC Ltd., 2nd Floor,E-Town Shopping, College Road, East Fort, Thrissur - 680005. Tel: 0487-2441976, Fax: 0487-2441976.HDFC AMC Ltd., Ground Floor, Bhadra Tower, Cotton Hill Road, Vazhuthacaud,Thycaud PO, Trivandrum - 695 014. Tel: 0471 - 3983 730 / 731 / 732, Fax: 0471 - 3983 738.MADHYA PRADESHHDFC AMC Ltd.,1st Floor, Ranjeet Tower, 8, Zone-II, M.P. Nagar, Bhopal - 462 011.Tel: 0755 - 428 5385, 424 6995 Fax: 0755 - 405 8890. HDFC AMC Ltd., First Floor, Alakhnanda Towers, Shrimant Madhav Rao Scindia Marg, City Centre, Gwalior - 474 001. Tel: (0751) - 4066060, 3988029 Fax: (0751) - 3982803. HDFC AMC Ltd., 15/3, Sterling Arcade, Race Course Rd., Indore - 452 001. Tel: 0731 - 424 5434 / 35 (B) Fax: 0731 - 424 5436.HDFC AMC Ltd., First Floor, Muthye Udyog Bhawan,1039, Wright Town, Opp. Telephone Exchange, Jabalpur - 482 002. Tel: (0761) - 4049800, 3988029 Fax: (0761) - 4068814. MAHARASHTRAHDFC AMC Ltd., Amar Arcade - II, Opp. Raja Peth Police Station, Raja Peth, Amravati - 444601. Tel: (0721) 2562112, 2562113. HDFC AMC Ltd., 2nd Floor, Renuka Commercial Complex, Samarth Nagar, Nirala Bazar,Nageshwar Wadi Road, Aurangabad - 431 001. Tel: (0240) - 3988029 Fax: (0240) - 3982068.HDFC AMC Ltd.,** 1st Floor, Anant Kuti (Bibikar Bldg.), Manpada Road, Opp. Municipal Corporation Bldg, Dombivli (E) - 421 201.Tel: 6000 6767. Fax: (0251) 2863953HDFC AMC Ltd., 138, Ground Floor, Kavya Ratnavali Chowk, Omkareshwar Road,Jalgaon – 425 002. Tel: (0257) 3982100 / 01 Fax: (0257) 3982114. HDFC AMC Ltd., Royal Prestige, C1/C9, 1st Floor, E - Ward, Sykes Extension,Rajarampuri Road, Kolhapur - 416 008. Tel : (0231) - 3988029 Fax: (0231) - 3982060.HDFC AMC Ltd.,** Shop No. 3, Abhishek Building, Ground Floor, Next to Vijay Sales, S.V. Road, Andheri (W), Mumbai - 400 058. Tel: (022) 26285389, 26708239, 32157334/332 Fax: (022) 26241131.HDFC AMC Ltd.,** Unit No. 101, First Floor,Landmark Building, 136 HillRoad,Opp. St. Peters Church, Bandra (West), Mumbai - 400 050. Tel: (022) 26434760 / 1 / 2 / 3 / 4 Fax: (022) 26434768HDFC AMC Ltd.,** Shop # 7, Abhilasha Building, Punjabi Lane, Borivali (W),Mumbai - 400 092. Tel: (022) 28952702 / 28901497 Fax: (022) 28949392.HDFC AMC Ltd., Mistry Bhavan, 1st Flr, 122, Backbay Reclamation, Dinsha Vachha Road, Churchgate, Mumbai - 400 020. Tel: 022 - 6000 6767 Fax: 022 - 2282 1144.HDFC AMC Ltd.,* Ramon House, 3rd Flr, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai - 400 020. Tel: 022 - 6631 6333.HDFC AMC Ltd.,** Shop No. 1 & 2, Ground Floor, Atlantic Tower, R B Mehta Road, Near Railway Station, Ghatkopar (East), Mumbai - 400 077. Tel: (022) 25011507 / 0805 / 1664 / 2486 Fax: (022) 25116805. HDFC AMC Ltd., 106-110, Shriram Shyam Towers, 2nd Floor, Next to NIT Building, Kingsway, Sadar, Nagpur - 440 001. Tel: 0712 - 663 0301 / 04, Fax: 0712 - 663 0302. HDFC AMC Ltd., G-1 & G-2, Ground Floor, Suyojit Heights, Opp. Rajiv Gandhi Bhavan, Sharanpur Road, Nashik 422 002. Tel: 0253 - 661 1831/32 (B), 661 1835 (D) Fax: 0253 - 661 1836.HDFC AMC Ltd., Ground Floor, “City Mall”, Next to NIC (National InformaticCentre), University Circle, Ganeshkhind, Pune – 411007. Tel: 020 - 6607 3301,Fax: 020 - 6607 3310.HDFC AMC Ltd.,** Shop No. 21/22, Ground Floor, Rajdeep CHS, Near Malhar Cinema, Gokhale Road, Thane (West) - 400 602. Tel: (022) 67124172 / 73 / 74 / 75 / 76 Fax: (022) 67124177 HDFC AMC Ltd.,** BSE 1, Tech Building, 109, A Wing, 1st Floor, Opposite VashiRailway Station, Sector 30, Vashi - 400 703. Tel: (022) - 39880299.ORISSAHDFC AMC Ltd., Sri Jagannath Complex, 1st Floor, Opposite Hari - Omm Bhawan, Barbil - 758 035. Tel No: 09238106515 / 09238106525 Fax: (06767) 277565. HDFC AMC Ltd., 2nd Floor, Vinayak 96, Janpath, Bhubaneshwar 751 001.

Tel: 0674 - 645 0502, 645 1502, Telefax: 0674 - 253 1483.HDFC AMC Ltd., 1st Floor, Plot No. 2690 (P) Bajrakabati Road, Ranihat, Cuttack – 753 001. Tel: (0671) 2323724 / 725 Fax: (0671) 2324741.HDFC AMC Ltd., Praful Tower, 1st Floor, Panposh Road, Rourkela - 769 004. Tel: (0661) 3988029, 3982060 / 70 Fax: (0661) 3982068. HDFC AMC Ltd., Kadambari Complex, 1st Floor, Unit - 4, Nayapara, Golbazar,Sambalpur - 768 001. Tel No: (0663) 2400 323 / 339 Fax: (0663) 2400324. PONDICHERRYHDFC AMC Ltd., No.17, I Floor, Sree Velayudham Complex, Near Indhira Gandhi Square, Natesan Nagar, Pondicherry - 605 005. Tel: (0413) 3043 293 / 500 / 600 Fax: (0413) 2206776.PUNJAB HDFC AMC Ltd., SCO-28, 1st Floor, Taneja Towers, District Shopping Complex,Ranjit Avenue, Amritsar - 143 001. Tel: (0183) 3988029 / 2570 Fax: (0183) 3982599. HDFC Asset Management Co Ltd., 1st Floor, S.C.O - 2909-2910, Sector - 22-C Opposite- Hotel J W Marriot, Chandigarh - 160022.Tel: 0172 - 5050887 / 5050888 / 2771218, Fax: 0172 - 5050886. HDFC AMC Ltd., 2nd Floor, Above ING Vysya Bank, Adjacent to Sekhon GrandHotel, Namdev Chowk, G T Road, Jalandhar City - 144 001. Tel: (0181) 3988029 / 970 Fax: (0181) 3982966. HDFC AMC Ltd., SCO 122, Feroze Gandhi Market, Ludhiana - 141 001.Tel: 0161 - 277 4321, 501 4321, Fax: 0161 - 301 3838.RAJASTHANHDFC AMC Ltd., Unit Nos. 72-75, 4th Floor, K C Complex, Daulatbagh Road, Ajmer. Tel: 0145 - 3099 000.HDFC AMC Ltd., Moondhra Bhavan, 3 Ajmer Rd, Jaipur - 302 001.Tel: 0141 - 511 1125, 237 4968, Fax: 0141 - 511 1126.HDFC AMC Ltd., Gulab Singh Building, 11, Chopasani Road, Jodhpur - 342 003.Tel: (0291) - 510 1927, 510 1937. Fax: 0291 - 5105919HDFC AMC Ltd., 1st Floor, Gowardhan Plaza, 25, Trench Colony, Opposite LokKalamandal, Udaipur - 313 001. Tel: (0294) 3988029 Fax: (0294) 3982000.TAMIL NADUHDFC AMC Ltd., ITC Centre, 1st Floor, 760 Anna Salai, Chennai - 600 002.Tel: 044 - 4397 9797, Fax: 044 - 2841 5855. HDFC AMC Ltd., 1st Floor, No1 Bhimsena Garden Street, Royapettah High Road,Mylapore, Chennai – 600 004. Tel: (044) 30913060 Fax: (044) 30913082. HDFC AMC Ltd., 1371A, Ground Floor, Nadar Building Trichy Road, Coimbatore - 641 018. Tel: 0422 - 439 1861 / 62 / 63, Fax: 0422 - 439 1714. HDFC AMC Ltd., Investor Service Centre No 127C/3 East Veli Street,Madurai. Tel: 0452 - 3988029.HDFC AMC Ltd., First floor, Ram Complex, No. 454/3, Meyanoor Main Road,Salem - 636 009. Tel : (0427) 3982680 / 700 Fax: (0427) 233361. HDFC AMC Ltd., No-142/7, 1st floor, Sri Balaji Towers, Tiruvandrum Road,Palayamkottai, Tirunelveli - 627002. Tel: 0462 - 2576170. Fax: 0462 - 2576173.HDFC AMC Ltd., No. 60, Sri Krishna Arcade, First Floor, Tennur High Road,Tennur, Trichy - 620 017. Tel: (0431) 3982830 Fax: (0431) 3982835. UTTARANCHALHDFC AMC Ld., 76, Rajpur Road, Near RTO, Dehradun - 248 001. Tel: (0135) 3988029 / 7434 Fax: (0135) 3987444.UTTAR PRADESHHDFC AMC Ltd., B2, 1st Floor, 9/4, Shankar Point, Sanjay Place, Agra - 282 002. Tel: (0562) 3984761-73 Fax: (0562) 3984777. HDFC AMC Ltd., 3/260 – A Arena Complex, Laxmibai Marg,Marris Road, Aligarh - 202001. Tel: (0571) – 2740770 / 771 / 772. Fax: (0571) – 2740772.HDFC AMC Ltd., Agarwal Arcade, 4 Sardar Patel Marg, 3rd Floor, Allahabad – 211001. Tel: 0532 – 2561035/36/38.HDFC AMC Ltd., 146 Civil Lines, 1st Floor, Gupta Complex, Near Circuit HouseChouraha, Bareilly - 243 001. Tel: (0581) 2510 749 / 759 Fax: (0581) 2510709.HDFC AMC Ltd., D-2, 1st Floor, Raj Nagar District Centre, Raj Nagar, Ghaziabad - 201010. Tel No - 0120 - 3010635, Fax: 0120 - 3010636.HDFC AMC Ltd., 1st Floor, 16/80 D, Behind SBI Main, Civil Lines, Kanpur - 208 001. Tel: 0512 - 233 1484-87, Fax: 0512 - 233 1487.HDFC AMC Ltd., 4 Shahnajaf Road, Lucknow - 226 001. Tel: 0522 - 220 7591, 220 0163, Fax: 0522 - 223 0408. HDFC AMC Ltd., 143/145/1 Ganpati Plaza, Ground Floor, Magal Pandey Road, Meerut – 250 005. Tel No: (0121) – 2602380 / 2601964. Fax: (0121) -2602380.HDFC AMC Ltd., Parsvnath Plaza-II, UGF Hall No.4, Delhi Road, Moradabad - 244 001. Tel: (0591) 3988029 / 3982131 Fax: (0591) 3982137. HDFC AMC Ltd., K-24/25, Premises No. 36 & 37, Pearl Plaza, Sector-18, Noida - 201 301. Tel: 0120-4325757, 0120-4325959 Fax: (0120) 4234349.HDFC AMC Ltd., D-64/127, 4th Floor, Arihant Complex, Sigra, Varanasi - 221010. Tel: 9935177068, 9935147068.WEST BENGALHDFC AMC Ltd., City Plaza, City Centre, 1st Floor, Durgapur - 713 216. Tel: (0343) 3982150 Fax: (0343) 3982153.HDFC AMC Ltd., MS Towers, 2nd Floor, OT Road, Inda (Opposite Kharagpur College) Kharagpur - 721305. Tel: (03222) 227627 / 227657 Ext: 101, Fax: (03222) 227683.HDFC AMC Ltd., Menaka Estate, 1st Floor, 3 Red Cross Place, Kolkata - 700 001. Tel: 033 - 2242 7849 / 53 / 56 / 59. Fax: 033 - 2243 9582.HDFC AMC Ltd., Gitanjali Complex, 2nd Floor, Above Corporation Bank, Sevoke Road, Siliguri - 734 001. Tel: (0353) - 6453474 Fax: (0353) 2545270.

* This is not an Investor Service Centre for HDFC Mutual Fund. However, this is an Official Point of acceptance for acceptance of all on-going transactions fromInstitutional Investors only i.e. broadly covering all entities other than resident /non-resident individuals. Institutional Investors are free to lodge their applicationsat any other official point of acceptance also.

** Official points of acceptance of transactions for schemes of HDFC MutualFund except purchase transactions of Liquid Schemes / Plans viz. HDFC LiquidFund, HDFC Liquid Fund - Premium Plan and Premium Plus Plan and HDFC CashManagement Fund - Savings Plan & Call Plan.

$ For the full list of ISCs, please refer to our website www.hdfcfund.com

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