Save Taxes Wisely. October 2012

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1 Save Taxes Wisely October

2 Background Salient Features of Section 80C of the Income tax Act, 1961 Section 80C of Income Tax Act, 1961 w.e.f. April 1, 2005 (A.Y ) provides for deduction from gross total income in respect of specified sums paid or deposited Aggregate amount of deductions under Section 80C shall not exceed ` 100,000 Section 80C generally has no sectoral limits Eligible investments u/s 80C, inter alia, include: Life Insurance Premiums Unit Linked Insurance Plans (ULIP) Public Provident Fund (PPF) National Saving Certificate (NSC) Subscription to eligible issue of capital Equity Linked Saving s (ELSS) Fixed Deposits with Schedule / Commercial Banks with 5 years lockin 2

3 Popular Tax Saving Investment Options Parameter PPF Bank FDs NSC ELSS Tenure 15 years 5 years (lock in period) 5 years Open-ended (Infinite), Close-ended (10 years) Lock-in period: 3 years Returns (As applicable presently) # 8.8% p.a. Interest rate varies between banks. Usually the prevailing 5 yrs term deposit rate 8.6% p.a. Compounded (half-yearly) Min. Investments * ` 500 ` 100 ` 100 ` 500 Not Assured Max. Investments * ` 1,00,000 ` 1,00,000 No limit No limit Max Amount eligible for deduction u / s 80C * ` 1,00,000 ` 1,00,000 ` 1,00,000 ` 1,00,000 Whether income/gains received is tax-free u/s 10 of The Income tax Act, 1961 * Yes. Interest u/s 10(11) No No Yes. Dividend u/s 10 (35) & LTCG^ u/s 10 (38) # w.e.f * In a financial year ^ LTCG Long Term Capital Gains Unlike PPF, NSC, & Bank FDs, investment in mutual funds (ELSS) are subject to market risks 3

4 Presenting HDFC TaxSaver (An Open-ended Equity Linked Savings with a lock-in period of 3 years) 4

5 The following example illustrates Tax Saving: Assume Gross Total Income for the year is ` 12,00,000 Investment in HDFC TaxSaver ` 100,000 Income on which tax will be paid ` 11,00,000 Tax Saved on ` 100,000/- (Tax Rate assumed: 30%) ` 30,900* *Including education 2% and secondary and higher education 1% This implies that you can avail benefit of ` 30,900 in tax savings under Section 80C (assuming highest tax bracket) on investments. This is apart from the returns your investment would possibly earn in the fund Investors should be aware that the fiscal rule/laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor. 5

6 Why HDFC TaxSaver? This is how an amount of ` 10,000 invested on March 31, 1996 would have performed on March 31, 2012 Year Ended PPF NSC 500 (`) # Nifty (`) ## HDFC TaxSaver * (`) $$ ,000 10,000 10,000 10,000 10, ,200 11,240 9,018 9,827 9, ,544 12,630 10,220 11,336 12, ,049 14,190 10,830 10,941 23, ,735 15,940 18,895 15,513 62, ,466 17,910 10,772 11,653 39, ,125 20,150 11,076 11,464 50, ,846 22,003 10,017 9,928 47, ,514 24,028 20,817 17,983 1,01, ,315 26,239 25,321 20,660 1,70, ,261 28,653 41,569 34,533 3,31, ,362 31,291 44,925 38,786 3,37, ,631 34,170 54,645 48,051 3,83, ,081 35,815 32,777 30, , ,585 37,459 61,606 53,274 5,18, ,672 39,103 66,080 59,208 5,87, ,256 40,796 60,300 53,746 5,62,526 *Past performance may or may not be sustained in the future. Please also refer to the relative performance table on slide 15. # Benchmark Index of HDFC Tax Saver. ## Additional Benchmark Index for HDFC TaxSaver $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV ( ex-dividend Year end balances have been arrived at by adding interest at the rates notified by the competent authorities from time to time. Maturity amount of NSC is reinvested on the maturity date at the prevailing interest rate The above simulation is for illustration purposes only and is not an investment advice. Unlike PPF and NSC, investments in Mutual Funds are subject to market risks. Hence, the performances are not strictly comparable. 6

7 Period Ended Public Provident Fund v/s HDFC TaxSaver A comparison of ` 10,000 invested every financial year on the specified date Amount invested (`) Balance in PPF a/c c ( Value of S& P CNX 500 (`)# Value of S& P CNX Nifty (`)# # Outstanding value of HDFC TaxSaver units (`)* $$ 29-Mar-96 10,000 10,000 10,000 10,000 10, Mar-97 10,000 21,200 19,019 19,827 19, Mar-98 10,000 33,744 31,552 32,870 36, Mar-99 10,000 47,793 43,436 41,727 77, Mar-00 10,000 63,051 85,782 69, , Mar-01 10,000 79,040 58,904 61, , Mar-02 10,000 96,154 70,569 70, , Mar-03 10, ,846 73,821 71, , Mar-04 10, , , , , Mar-05 10, , , , , Mar-06 10, , , ,419 1,441, Mar-07 10, , , ,674 1,481, Mar-08 10, , , ,060 1,691, Mar-09 10, , , ,685 1,090, Mar-10 10,000 2,84, , ,396 2,320, Mar-11 10,000 3,17, , ,799 26,37, Mar ,000 3,54,357 5,83,422 5,29,955 25,35,203 * Past performance may or may not be sustained in future. The above simulation is for illustration purpose only. Please also refer to the relative performance table on slide Year end balance has been arrived at by adding interest at the rates notified by the Competent authorities from time to time. # Benchmark Index of HDFC Tax Saver. ## Additional Benchmark Index for HDFC TaxSaver $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV ( ex-dividend NAV). Unlike PPF, investments in Mutual Funds are subject to market risks. Hence, the performances are not strictly 7 comparable.

8 Current Portfolio Strategy In order to provide long term capital appreciation, the scheme will invest mainly in growth companies The companies selected under this portfolio would generally consist of medium to large sized companies which: Are likely to achieve above average growth than the industry Enjoy distinct competitive advantages; and Have superior financial strengths The aim will be to create a portfolio, which represents a cross-section of strong growth companies in the prevailing market In order to reduce the risk, the portfolio will target reasonable diversification 8

9 Portfolio Composition (As on September 30, 2012) 9

10 Industry Allocation - % of Net Assets (As at September 30, 2012) Banks Consumer Non Durables Pharmaceuticals Software Industrial Capital Goods Power Construction Project Oil Petroleum Products Auto Media & Entertainment Industrial Products Auto Ancillaries Ferrous Metals Minerals/Mining Telecom - Services Gas Finance Chemicals Others Non - Ferrous Metals Construction Others include: Consumer Durables (0.45%), Paper (0.30%), Transportation (0.04%) 10

11 Portfolio Composition (As at September 30, 2012) % to Net Assets Top 10 equity holdings Total Equity & Equity Related Holdings Short Term Deposits as margin for Futures & Options 0.29 Other Cash, Cash Equivalents and Net Current Assets 0.84 Grand Total Net Assets (` In crore) ** 3,223.67** ** Average AUM for the quarter ended September 30,

12 Product Features Type of Open-ended Equity Linked Savings with a lock-in period of 3 years Inception Date (Date of allotment) March 31, 1996 Investment Objective To achieve long term growth of capital Fund Manager $ Vinay Kulkarni (Since November 21, 2006) Options Minimum Application Amount (Under Each Option) Load Structure Growth and Dividend The Dividend Option offers Dividend Payout and Reinvestment facility Purchase & Additional Purchase: ` 500 and in multiples of ` 500 thereafter Entry Load: Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN holder. Exit Load: Nil No entry / exit load shall be levied on bonus units and units allotted on dividend reinvestment. Lock-in period 3 Years from the date of allotment of the respective units Tax Benefit U/s 80C of the Income-tax Act, 1961, an individual / HUF is entitled to a deduction upto ` 1 Lakh (along with other prescribed investments) for amounts invested in HDFC TaxSaver while computing the total income Benchmark 500 $ Dedicated Fund Manager for Overseas Investments: Mr. Rakesh Vyas since May 10,

13 Asset Allocation Pattern Under normal circumstances, the asset allocation of the scheme s portfolio will be as follows: Types of Instruments Normal Allocation (% of Net Assets) Risk Profile Equities & Equity related instruments Minimum 80 Medium to High Debt and money market instruments* Maximum 20 Low to medium *Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the. The scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities (max. 40% of net assets) subject to SEBI (Mutual Funds) Regulations, The scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max 25% of net assets including cash) based on the opportunities available subject to SEBI (Mutual Funds) Regulations,

14 Performance (As on September 28, 2012) 14

15 SCHEME PERFORMANCE SUMMARY HDFC TaxSaver - Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of Date Period NAV Per Unit (`) Returns (%) ^ $$ 500 (%) # Nifty (%) ## (`) 500 (`) # Nifty (`) ## B. Discrete 12 Month Return (%) ^ $$ 500 # Nifty ## 28-Sep-11 Last 1 Year ,022 11,296 11,531 Period 28-Sep-10 Last 2 Years ,182 9,080 9,459 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,857 11,146 11,501 Sep 28, 10 to Sep 28, Mar-96 Since Inception N.A 582,216 64,336 N.A Sep 25, 09 to Sep 28, ^ Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). N.A: Not Available $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevaling NAV(ex-Dividend NAV). # Benchmark of the. ## Additional Benchmark of shows the current value of ` 10,000/- invested at the beginning of a given period. Performance of dividend option under the schemes for the investors would be net of distribution tax applicable. 15

16 SCHEME PERFORMANCE SUMMARY Of other schemes managed by Vinay Kulkarni HDFC Core & Satellite Fund - Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of Date Period NAV Per Unit (`) Returns (%) ^ BSE 200 (%) # SENSEX (%) ## (`) BSE 200 (`) # SENSEX (`) ## B. Discrete 12 Month Return (%) 28-Sep-11 Last 1 Year ,489 11,348 11,409 Period ^ BSE 200 # SENSEX ## 28-Sep-10 Last 2 Years ,709 9,075 9,332 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,385 11,251 11,240 Sep 28, 10 to Sep 28, Sep-04 Since Inception ,734 31,839 33,739 Sep 25, 09 to Sep 28, HDFC Premier Multi-Cap Fund- Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of NAV Per Unit (`) Returns (%) ^ 500 (%) # NIFTY (%) ## (`) 500 (`) # NIFTY (`) ## Date Period B. Discrete 12 Month Return (%) 28-Sep-11 Last 1 Year ,397 11,296 11,531 Period ^ 500 # NIFTY ## 28-Sep-10 Last 2 Years ,793 9,080 9,459 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,227 11,146 11,501 Sep 28, 10 to Sep 28, Apr-05 Since Inception ,685 24,927 27,561 Sep 25, 09 to Sep 28, ^ Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the. ## Additional Benchmark of shows the current value of ` 10,000/- invested at the beginning of a given period. Performance of dividend option under the schemes for the investors would be net of distribution tax applicable. 16

17 SCHEME PERFORMANCE SUMMARY Of other schemes managed by Vinay Kulkarni HDFC Index Fund- Sensex Plan - Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of SENSEX NAV Per Returns (Total Return Index) (%) S & P CNX NIFTY (%) SENSEX (Total Return S & P CNX NIFTY(`) Date Period Unit (`) (%) ^ # ## (`) Index) (`) # ## B. Discrete 12 Month Return (%) SENSEX (Total 28-Sep-11 Last 1 Year ,465 11,632 11,531 Period ^ Return Index) # S & P CNX NIFTY ## 28-Sep-10 Last 2 Years ,336 9,247 9,459 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,226 11,258 11,501 Sep 28, 10 to Sep 28, Jul-02 Since Inception ,787 69,733 55,235 Sep 25, 09 to Sep 28, HDFC Index Fund- Nifty Plan - Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of Nifty (Total Nifty (Total NAV Returns Returns Per Returns Index) (%) SENSEX Index) (`) SENSEX Date Period Unit (`) (%) ^ # (%) ## (`) # (`) ## B. Discrete 12 Month Return (%) Nifty (Total Returns SENSEX 28-Sep-11 Last 1 Year ,493 11,680 11,409 Period ^ Index) # (%) ## 28-Sep-10 Last 2 Years ,383 9,692 9,332 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,325 11,910 11,240 Sep 28, 10 to Sep 28, Jul-02 Since Inception ,747 64,655 58,341 Sep 25, 09 to Sep 28, ^ Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the. ## Additional Benchmark of shows the current value of ` 10,000/- invested at the beginning of a given period. 17

18 SCHEME PERFORMANCE SUMMARY For schemes managed by Vinay Kulkarni HDFC Index Fund- Sensex Plus Plan - Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of Date Period NAV Per Unit (`) Returns (%) ^ SENSEX (Total Return Index) (%) # S& P CNX Nifty (%) ## (`) SENSEX (Total Return Index) (`) # S& P CNX Nifty (`) ## HDFC MULTIPLE YIELD FUND- Growth Option $ NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of B. Discrete 12 Month Return (%) SENSEX (Total Return Index) # S& P CNX Nifty ## 28-Sep-11 Last 1 Year ,629 11,632 11,531 Period ^ 28-Sep-10 Last 2 Years ,882 9,247 9,459 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,360 11,258 11,501 Sep 28, 10 to Sep 28, Jul-02 Since Inception ,599 69,733 55,235 Sep 25, 09 to Sep 28, Date Period NAV Per Unit (`) Returns (%) ^ ** CRISL MIP Blended Index (%) # Crisil 1 year T-bill Index (%) ## (`) The scheme is co-managed by Vinay Kulkarni (equities) & Anil Bamboli (Debt) CRISIL MIP Blended Index (`) # Crisil 1 Year T-bill Index (`) ## ^ Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the. ## Additional Benchmark of the current value of ` 10,000/- invested at the beginning of a given period. $ Performance of dividend option under the scheme for the investors would be net of distribution tax applicable. ** 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. B. Discrete 12 Month Return (%) 18 ^ ** CRISIL MIP Blended Index # Crisil 1 Year T-bill Index ## 28-Sep-11 Last 1 Year ,067 11,051 10,814 Period 28-Sep-10 Last 2 Years ,635 11,275 11,395 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,199 12,170 11,676 Sep 28, 10 to Sep 28, Sep-04 Since Inception ,510 18,354 15,252 Sep 25, 09 to Sep 28,

19 SCHEME PERFORMANCE SUMMARY For schemes managed by Vinay Kulkarni HDFC MF MIP Short Term Plan - Growth Option NAV as at September 28, 2012 ` A. Cumulative Performance Value of Investment of Date Period NAV Per Unit (`) Returns (%) ^ ** CRISL MIP Blended Index (%) # Crisil 10 Year Gilt Index (%) ## (`) CRISIL MIP Blended Index (`) # Crisil 10 Year Gilt Index(`) ## B. Discrete 12 Month Return (%) 28-Sep-11 Last 1 Year ,914 11,051 10,737 Period ^ ** CRISIL MIP Blended Index # Crisil 10 Year Gilt Index ## 28-Sep-10 Last 2 Years ,164 11,275 11,155 Sep 28, 11 to Sep 28, Sep-09 Last 3 Years ,237 12,170 11,575 Sep 28, 10 to Sep 28, Dec-03 Since Inception ,036 18,239 14,537 Sep 25, 09 to Sep 28, The scheme is co-managed by Vinay Kulkarni (equities) & Shobhit Mehrotra (Debt) ^ Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the. ## Additional Benchmark of shows the current value of ` 10,000/- invested at the beginning of a given period. Performance of dividend option under the scheme for the investors would be net of distribution tax applicable. ** 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. 19

20 Record Date Dividend History (Since 1999) Cum Dividend NAV per Unit (`)^ Dividend Per Unit (`)^ August 6, November 29, April 3, March 30, March 15, July 15, February 27, March 15, February 17, March 17, March 7, March 7, March 5, March 4, March 3, March 1, ^Past performance may or may not be sustained in the future. All dividends are on face value of ` 10 per unit. After payment of the dividend, the per Unit NAV will fall to the extent of the payout and statutory levy (if applicable) 20

21 Fund Suitability 21

22 Why HDFC TaxSaver? Well diversified equity fund Gives investors the twin advantage of availing of a tax deduction under section 80C of the Income-tax Act, 1961 along with the prospect of long term growth of capital through equity investments Has given investors a superior post tax return as compared to traditional tax saving instruments^ ^Past performance may or may not be sustained in the future. 22

23 HDFC TaxSaver is suitable for investors: Considering to invest for tax planning and avail benefit of tax deduction u/s 80C of the Income Tax Act, 1961 Looking for an alternate to traditional tax saving instruments Willing to invest in a diversified equity fund with minimum lockin period of three years 23

24 Disclaimer & Risk Factors DISCLAIMER: This presentation has been prepared by HDFC Asset Management Company Limited ( HDFC AMC ) on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only. The document is given in summary form and does not purport to be complete. The document does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information/ data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. The same should not be construed as investment advice to any party. Neither HDFC AMC and HDFC Mutual Fund (the Fund) nor any person connected with them, accepts any liability arising from the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Investors should be aware that the fiscal rule/laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. 24

25 Thank You 25

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