CONTENTS. 2 March 2016 Intouch mutually

Transcription

1 March 2016

2 CONTENTS page NO. MARKET REVIEW... 3 HDFC GRoWTH FunD... 4 HDFC EquITy FunD... 5 HDFC Top 200 FunD... 6 HDFC CApITAl BuIlDER FunD... 7 HDFC CoRE & SATEllITE FunD... 8 HDFC premier MulTI-CAp FunD... 9 HDFC large CAp FunD HDFC MID-CAp opportunities FunD HDFC SMAll AnD MID-CAp FunD HDFC long TERM ADVAnTAGE FunD HDFC TAxSAVER HDFC InFRASTRuCTuRE FunD HDFC ARBITRAGE FunD HDFC InDEx FunD - SEnSEx plan HDFC InDEx FunD - nifty plan HDFC InDEx FunD - SEnSEx plus plan HDFC SEnSEx ETF HDFC nifty ETF HDFC BAlAnCED FunD HDFC prudence FunD HDFC CHIlDREn S GIFT FunD - InVESTMEnT plan HDFC CHIlDREn S GIFT FunD - SAVInGS plan HDFC MF MonTHly InCoME plan - SHoRT TERM plan HDFC MF MonTHly InCoME plan - long TERM plan HDFC EquITy SAVInGS FunD HDFC MulTIplE yield FunD - plan HDFC InCoME FunD HDFC HIGH InTEREST FunD - DynAMIC plan HDFC HIGH InTEREST FunD - SHoRT TERM plan HDFC SHoRT TERM plan HDFC SHoRT TERM opportunities FunD HDFC MEDIuM TERM opportunities FunD HDFC GIlT FunD - SHoRT TERM plan HDFC GIlT FunD - long TERM plan HDFC FloATInG RATE InCoME FunD - SHoRT TERM plan HDFC FloATInG RATE InCoME FunD - long TERM plan HDFC liquid FunD HDFC CASH MAnAGEMEnT FunD - SAVInGS plan HDFC CASH MAnAGEMEnT FunD - TREASuRy ADVAnTAGE plan HDFC CoRpoRATE DEBT opportunities FunD HDFC BAnKInG AnD psu DEBT FunD performance DETAIlS of SCHEMES MAnAGED By RESpECTIVE FunD MAnAGERS SCHEME performance SuMMARy - REGulAR plans SCHEME performance SuMMARy - DIRECT plans GloSSARy HoW To READ FACTSHEET DIVIDEnD HISToRy DISClAIMER March 2016 Intouch mutually

3 Market Review - March 2016 Equity Market update Debt Market update Equity markets rebounded globally in March after correcting for three months in a row. The table below gives the details of the CY 2015 and CY 2016YTD performance of key indices. % Change in Indices Cy2015 Cy2016 ytd S&p BSE India Bankex (9.9) (4.8) S&p BSE India Capital Goods (8.5) (9.0) S&p BSE India FMCG 2.2 (2.3) S&p BSE India Healthcare 15.3 (10.4) S&p BSE India Metal (31.2) 1.9 S&p BSE India oil & Gas (3.4) (4.1) S&p BSE India IT S&p BSE Sensex (5.0) (3.0) nifty 50 (4.1) (2.6) nifty Midcap (4.8) % Change in Indices Cy2015 Cy2016 ytd Dow Jones Industrial Average (2.2) 1.5 nasdaq 5.7 (2.7) FTSE (4.9) (1.1) DAx 9.6 (7.2) CAC 8.5 (5.4) nikkei 9.1 (12.0) Hang Seng (7.2) (5.2) KoSpI Shanghai 9.4 (15.1) MSCI Emerging Market Index (17.0) 5.4 FII s have bought $3.2bn in equities in India during March. This is interesting as FII s had sold $7.1bn of Indian equities in FY16 till February. The Rupee appreciated 3.2% versus the USD in March. Net outflow in domestic Equity mutual funds in the month of March 2016 was Rs 3,206 crs. Total inflows in FY16 have been close to Rs. 68,000 crs. Steel prices moved up sharply in March and performance of other commodities was mixed. The table gives the performance of key commodities in CY 2015 and CY 2016 YTD. % Change Cy2015 Cy2016 ytd % Change Cy2015 Cy2016 ytd Brent Crude (41.5) 0.2 Copper (25.3) 3.0 Gold (10.4) 16.2 Aluminium (18.7) 0.9 Steel (43.9) 45.5 lead (3.5) (4.9) Zinc (26.1) 12.1 The chart below presents (Market Capitalization) MCap/GDP ratio of India. It can be seen from the chart that the Mcap/GDP has fallen to attractive levels. Given the improving outlook for economic growth and lower Mcap/GDP, the outlook for equities is positive. DDuring the month of March 2016 yield on the new 10-year (7.59% GoI 2026) ended the month at 7.46% down by 16 bps over the previous month end. The yield on old 10-year Government bond (7.72% GoI 2025) ended at 7.69% down by 10 bps for the month. The yield on 10-year AAA Corporate Bond ended the month at 8.26% as against 8.62% at the end of February Thus, corporate bond spreads during the month narrowed to 66 bps as against 85 bps in the previous month. Liquidity conditions continued to remain negative during the month of March As against ~Rs.1,61,350 crs of average liquidity net injected by RBI during the month of February through various sources (Liquidity Adjustment Facility, export refinance, marginal standing facility and term repos/reverse repos), ~Rs.1,96,503 crs of liquidity was net injected by RBI during the month of March. The overnight rate ended at 9%, as against 7.05% at end February The INR appreciated to against the US dollar as compared to at the end of previous month. The net FII investment in equities & debt was an inflow of US$ 6.09 billion in March 2016 against an outflow of US$ 2.8 billion in February The annual rate of retail inflation, CPI came in at ~5.2% YoY in February 2016, down from 5.7% in January 2016 largely due to moderation in food prices. However, wholesale inflation continued to remain in negative territory as WPI stood at -0.91% (provisional) for the month of February, 2016 (over January, 2015) as compared to -0.90% for the previous month and -2.17% during the corresponding month of the previous year. In the credit policy review of April 2016, RBI cut the repo rate by 25 bps from 6.75% to 6.5% and in an unexpected move narrowed the policy rate corridor from +/-100 bps to +/- 50 bps. In a major development RBI also announced changes in its liquidity framework wherein systemic liquidity would be progressively improved from a deficit of 1% of Net Demand Time Liabilities (NDTL) to a position closer to neutral. Outlook While the repo rate cut by RBI was along expected lines, the proposed changes in liquidity framework are a significant policy regime shift which should have material positive impact on yields going forward. RBI has reaffirmed that the stance of monetary policy will remain accommodative. The introduction of marginal cost of funds based lending rate (MCLR), reduction in small savings rates and the changes in liquidity management framework will improve monetary policy transmission and magnify the impact of rate cut. ly, low inflation and benign inflation outlook, falling fiscal deficit and low Current Account Deficit (CAD) are all supportive of lower yields. As highlighted repeatedly over the past several months or so, we believe there is merit in adding duration to one s fixed income portfolio. Source: World Bank, Bloomberg, Kotak Institutional Equities E-Estimate In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium to long term view) and to stay invested. Source for various data points: Bloomberg, Reuters, and Central Statistics Office (CSO). Intouch mutually March

4 HDFC Growth Fund (An open-ended growth scheme) INvESTmENT ObjECTIvE To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. FuNd manager Srinivas rao ravuri (since April 3, 06) Total Experience: over 18 years INCEpTION date (date of allotment) September 11, 2000 per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, Average for Month of March, quantitative data portfolio Turnover Ratio (last 1 year) 21.22% risk ratio Standard Deviation 5.211% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) TOTal ExpENSE ratio (Weighted average for the month) Regular 2.58% Direct 1.98% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. benchmark INdEx S&p BSE SEnSEx ENTry load not Applicable. ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. plans HDFC Growth Fund, HDFC Growth Fund - Direct plan OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 8.24 HDFC Bank ltd. Banks 7.49 ICICI Bank ltd. Banks 6.46 State Bank of India Banks 5.56 Reliance Industries ltd. petroleum products 5.16 larsen & Toubro ltd. Construction project 4.46 Tata Motors ltd. DVR Auto 3.95 Axis Bank ltd. Banks 3.47 Bharat petroleum Corporation ltd. petroleum products 3.16 Solar Industries India ltd. Chemicals 3.11 Total of Top Ten Holdings Total Equity & Equity related Holdings Cd/Cp Syndicate Bank CARE - A Total Cd/Cp 2.31 Cash, Cash Equivalents and net Current Assets grand Total For complete portfolio, please visit performance Since Inception This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments. Industry allocation of Equity Holding (% of Net assets) 15 year 10 year 5 year riskometer 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value as on March 31, 2016 (` 000) 9, , , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. S&p BSE SEnSEx nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) (%) value of Investment of ` 10000@ Mar 31, 15 last 1 year ,490 9,064 9,114 Mar 31, 14 last 2 years ,770 11,320 11,543 Mar 28, 13 last 3 years ,288 13,454 13,618 Sep 11, 00 Since Inception ,246 53,958 53,136 discrete 12 month (%) period Banks Software Petroleum Products 8.32 Auto 7.55 Pharmaceuticals 5.68 Power 4.63 Construction Project 4.46 Construction 3.97 Chemicals 3.11 Telecom - Services 3.09 Fertilisers 2.86 Gas 2.54 Finance 2.32 Cement 2.24 Ferrous Metals 1.66 Industrial Capital Goods 1.61 Minerals/Mining 1.28 Consumer Durables 1.26 Non - Ferrous Metals 1.23 Consumer Non Durables 0.69 Hotels 0.65 Transportation 0.52 Oil Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). S&p BSE SEnSEx nifty 50 Index. For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 45. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 4 March 2016 Intouch mutually

5 l INvESTmENT ObjECTIvE To achieve capital appreciation. l FuNd manager prashant jain (since June 19, 03) Total Experience: over 24 years l INCEpTION date (date of allotment) January 1, 1995 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 36.71% risk ratio HDFC Equity Fund (An open-ended growth scheme) Standard Deviation 6.042% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.18% Direct 1.43% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 500 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switched-out within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Equity Fund, HDFC Equity Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 9.12 State Bank of India Banks 7.95 ICICI Bank ltd. Banks 7.60 larsen & Toubro ltd. Construction project 6.27 HDFC Bank ltd. Banks 4.72 Maruti Suzuki India ltd. Auto 4.70 Tata Motors ltd. DVR Auto 4.56 Aurobindo pharma ltd. pharmaceuticals 4.10 Tata Steel ltd. Ferrous Metals 3.54 Bank of Baroda Banks 3.22 Total of Top Ten Holdings Total Equity & Equity related Holdings Cd/Cp Syndicate Bank CARE - A Total Cd/Cp 0.33 Cash, Cash Equivalents and net Current Assets 0.21 grand Total For complete portfolio, please visit performance Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value as on March 31, 2016 (` 000) 45, , , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 500 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments of medium to large sized companies. (%) Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,871 9,246 9,114 Mar 31, 14 last 2 years ,552 12,349 11,543 Mar 28, 13 last 3 years ,370 14,537 13,618 Jan 01, 95 Since Inception n.a. 416,701 64,522 n.a. discrete 12 month (%) period Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Intouch mutually March Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 500 Index nifty 50 Index. n.a. not Available. For performance of other schemes managed by prashant Jain, please refer page 45. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Banks Software Auto Construction Project 7.49 Power 5.34 Pharmaceuticals 4.65 Petroleum Products 4.58 Industrial Capital Goods 4.04 Cement 3.74 Ferrous Metals 3.54 Media And Entertainment 2.38 Auto Ancillaries 1.82 Finance 1.54 Telecom - Services 1.34 Pesticides 1.28 Consumer Durables 1.10 Construction 0.60 Non - Ferrous Metals 0.60 Industrial Products

6 HDFC Top 200 Fund (An open-ended growth scheme) l INvESTmENT ObjECTIvE To generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linked instruments will be primarily drawn from the companies in the BSE 200 Index. Further, the may also invest in listed companies that would qualify to be in the top 200 by market capitalisation on the BSE even though they may not be listed on the BSE. This includes participation in large Ipos where in the market capitalisation of the company based on issue price would make the company a part of the top 200 companies listed on the BSE based on market capitalisation. l FuNd manager prashant jain (since June 19, 03) Total Experience: over 24 years l INCEpTION date (date of allotment) october 11, 1996 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 8.08 ICICI Bank ltd. Banks 6.72 HDFC Bank ltd. Banks 6.25 State Bank of India Banks 6.24 larsen & Toubro ltd. Construction project 5.09 ITC ltd. Consumer non Durables 4.20 Maruti Suzuki India ltd. Auto 3.69 Reliance Industries ltd. petroleum products 3.65 Aurobindo pharma ltd. pharmaceuticals 3.62 Tata Motors ltd. DVR Auto 3.17 Total of Top Ten Holdings Total Equity & Equity related Holdings Cd/Cp Bank of Maharashtra CRISIl - A Total Cd/Cp 0.85 Cash margin/earmarked cash for Futures & options 0.17 Cash, Cash Equivalents and net Current Assets 0.07 grand Total For complete portfolio, please visit Industry allocation of Equity Holding (% of Net assets) Banks Software Auto 8.90 Petroleum Products 6.84 Construction Project 5.09 Power 4.53 Pharmaceuticals 4.33 Consumer Non Durables 4.20 Industrial Capital Goods 3.71 Ferrous Metals 3.64 Finance 3.41 Cement 2.52 Telecom - Services 2.40 Media And Entertainment 1.35 Consumer Durables 1.23 Non - Ferrous Metals 1.20 Pesticides 0.96 Oil 0.50 Gas 0.45 Chemicals 0.22 Construction l quantitative data portfolio Turnover Ratio (last 1 year) 50.84% risk ratio Standard Deviation 5.744% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.28% Direct 1.63% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx S&p BSE 200 l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Top 200 Fund, HDFC Top 200 Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). performance Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value as on March 31, 2016 (` 000) $$ 23, , , (annualised) (%) $$ (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. S&p BSE 200 S&p BSE SEnSEx. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%)$$ (%) value of Investment of ` 10000@ $$ Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). S&p BSE 200 S&p BSE SEnSEx. $$ All dividends declared prior to the splitting of the into Dividend & Growth options are assumed to be reinvested in the units of the at the then prevailing nav (ex-dividend shows the current value of ` 10,000/- invested at the beginning of a given period. For performance of other schemes managed by prashant Jain, please refer page 45. This product is suitable for investors who are seeking ~ riskometer Capital appreciation over long term. Investment in equity and equity linked instruments including equity derivatives primarily drawn from the companies in the S&p BSE 200 Index. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 6 March 2016 Intouch mutually Mar 31, 15 last 1 year ,020 9,214 9,064 Mar 31, 14 last 2 years ,188 12,156 11,320 Mar 28, 13 last 3 years ,686 14,246 13,454 oct 11, 96 Since Inception , ,951 80,183 discrete 12 month (%) period $$ Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified.

7 HDFC Capital Builder Fund (An open-ended growth scheme) This is a simple and performing scheme which is eligible for distribution by new cadre of distributors. l INvESTmENT ObjECTIvE To achieve capital appreciation in the long term. l FuNd manager Chirag Setalvad (since April 2, 07) Total Experience: over 18 years & miten lathia (since May 10, 12) Total Experience: over 15 years l INCEpTION date (date of allotment) February 1, 1994 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 31.28% risk ratio Standard Deviation 5.063% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.68% Direct 1.50% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 500 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Capital Builder Fund, HDFC Capital Builder Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related HDFC Bank ltd. Banks 5.52 Infosys ltd. Software 5.36 Tata Motors ltd. Auto 5.07 ICICI Bank ltd. Banks 5.00 Grasim Industries ltd. Cement 4.17 Reliance Industries ltd. petroleum products 3.81 State Bank of India Banks 3.59 Bharat petroleum Corporation ltd. petroleum products 3.51 Indusind Bank ltd. Banks 2.98 ITC ltd. Consumer non Durables 2.60 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 4.64 grand Total For complete portfolio, please visit performance Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value as on March 31, 2016 (` 000) 28, , , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 500 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments of strong companies. (%) Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,745 9,246 9,114 Mar 31, 14 last 2 years ,956 12,349 11,543 Mar 28, 13 last 3 years ,226 14,537 13,618 Feb 01, 94 Since Inception ,378 60,708 62,917 discrete 12 month (%) period Banks Software 9.63 Petroleum Products 7.32 Pharmaceuticals 6.82 Construction Project 5.97 Consumer Non Durables 5.43 Auto 5.07 Media And Entertainment 4.32 Cement 4.17 Consumer Durables 3.59 Telecom - Services 3.28 Construction 3.14 Gas 3.04 Chemicals 2.13 Services 1.29 Industrial Products 1.14 Auto Ancillaries 1.10 Transportation 1.08 Industrial Capital Goods 1.03 Retailing 0.92 Non - Ferrous Metals 0.71 Oil 0.56 Minerals/Mining 0.53 Power Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 500 Index nifty 50 Index. For performance of other schemes managed by Chirag Setalvad & Miten lathia, please refer page 45. l redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Intouch mutually March

8 HDFC Core & Satellite Fund (An open-ended growth scheme) l INvESTmENT ObjECTIvE To generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value. l FuNd manager vinay Kulkarni (since november 21, 06) Total Experience: over 25 years l INCEpTION date (date of allotment) September 17, 2004 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 58.81% risk ratio Standard Deviation 6.784% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.93% Direct 1.73% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx S&p BSE 200 l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Core & Satellite Fund, HDFC Core & Satellite Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Grasim Industries ltd. Cement 9.04 Tata Motors ltd. DVR Auto 8.33 Infosys ltd. Software 7.63 Bharat Electronics ltd. Industrial Capital Goods 7.42 Bharat petroleum Corporation ltd. petroleum products 6.93 larsen & Toubro ltd. Construction project 5.32 Maruti Suzuki India ltd. Auto 4.36 CESC ltd. power 4.19 KEC International ltd. Construction project 3.83 Transport Corporation of India ltd. Transportation 3.82 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 7.79 grand Total For complete portfolio, please visit performance Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value as on March 31, 2016 (` 000) 2, , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. S&p BSE 200 S&p BSE SEnSEx. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment primarily in equity and equity related instruments of companies whose shares are quoting at prices below their true value. Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 8 March 2016 Intouch mutually Mar 31, 15 last 1 year ,624 9,214 9,064 Mar 31, 14 last 2 years ,326 12,156 11,320 Mar 28, 13 last 3 years ,809 14,246 13,454 Sep 17, 04 Since Inception ,329 44,971 45,569 discrete 12 month (%) period Industrial Capital Goods Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). S&p BSE 200 S&p BSE SEnSEx. For performance of other schemes managed by Vinay Kulkarni, please refer page 45. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Auto Construction Project Cement Transportation Software Petroleum Products Banks Power Pharmaceuticals Auto Ancillaries Construction Media And Entertainment Consumer Durables

9 HDFC Premier Multi-cap Fund (An open-ended growth scheme) l INvESTmENT ObjECTIvE To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and large Cap blue chip companies. l FuNd manager vinay Kulkarni (since november 21, 06) Total Experience: over 25 years l INCEpTION date (date of allotment) April 6, 2005 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 37.64% risk ratio Standard Deviation 6.568% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.91% Direct 2.31% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 500 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC premier Multi-Cap Fund, HDFC premier Multi-Cap Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. l SEgmENT-WISE break-up OF EquITy HOldINg (% OF NET assets) large-cap Mid-Cap portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related State Bank of India Banks 7.35 Infosys ltd. Software 7.06 Tata Motors ltd. DVR Auto 6.61 ICICI Bank ltd. Banks 5.98 KEC International ltd. Construction project 5.87 Bank of Baroda Banks 5.02 Grasim Industries ltd. Cement 4.14 Bharat Electronics ltd. Industrial Capital Goods 4.02 Titagarh Wagons ltd. Industrial Capital Goods 3.69 Bharat petroleum Corporation ltd. petroleum products 3.51 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 1.22 grand Total For complete portfolio, please visit performance Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value as on March 31, 2016 (` 000) 2, , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 500 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Mid Cap and large Cap blue chip companies. Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,831 9,246 9,114 Mar 31, 14 last 2 years ,426 12,349 11,543 Mar 28, 13 last 3 years ,651 14,537 13,618 Apr 06, 05 Since Inception ,959 35,706 37,396 discrete 12 month (%) period Banks Industrial Capital Goods Construction Project Software Auto 9.48 Cement 6.43 Petroleum Products 3.51 Ferrous Metals 3.22 Pharmaceuticals 3.16 Construction 2.71 Consumer Durables 2.19 Telecom - Services 2.03 Power 1.86 Oil 1.01 Telecom - Equipment & Accessories 0.97 Auto Ancillaries Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 500 Index nifty 50 Index. For performance of other schemes managed by Vinay Kulkarni, please refer page 45. For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Intouch mutually March

10 HDFC Large Cap Fund (An open-ended equity scheme) l INvESTmENT ObjECTIvE To provide long-term capital appreciation by investing predominantly in large cap companies. l FuNd manager vinay Kulkarni (since June 28, 14) Total Experience: over 25 years l INCEpTION date (date of allotment) February 18, 1994 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 10.30% risk ratio Standard Deviation 4.536% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.49% Direct 2.25% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 50 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC large Cap Fund - Regular plan, HDFC large Cap Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 9.66 Reliance Industries ltd. petroleum products 8.89 State Bank of India Banks 7.42 ICICI Bank ltd. Banks 7.30 HDFC Bank ltd. Banks 7.15 Axis Bank ltd. Banks 6.67 Tata Motors ltd. DVR Auto 6.10 larsen & Toubro ltd. Construction project 6.07 Bharat petroleum Corporation ltd. petroleum products 5.30 Investment in adr/gdr/foreign Securities Cognizant Technology Solutions Corp Software 7.24 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 3.18 grand Total For complete portfolio, please visit Investment in Foreign Securities (` in Crore) Industry allocation of Equity Holding (% of Net assets) performance Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) Mkt Value as on March 31, 2016 (` 000) $$ 1, (annualised) (%) $$ (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 50 Index S&p BSE SEnSEx. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%)$$ (%) value of Investment of ` 10000@ $$ Mar 31, 15 last 1 year ,072 9,114 9,064 Mar 31, 14 last 2 years ,165 11,543 11,320 Mar 28, 13 last 3 years ,974 13,618 13,454 Feb 18, 94 Since Inception ,455 62,804 64,730 discrete 12 month (%) period $$ Banks Software Petroleum Products Gas 0.65 Consumer Non Durables Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 50 Index S&p BSE shows the current value of ` 10,000/- invested at the beginning of a given period. $$ 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. For performance of other schemes managed by Vinay Kulkarni, please refer page 45. This product is suitable for investors who are seeking ~ riskometer Capital appreciation over long term. Investment in equity and equity related instruments of large Cap companies. Auto Construction Project Telecom - Services Cement Oil Pharmaceuticals Power Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 10 March 2016 Intouch mutually

11 HDFC Mid-Cap Opportunities Fund (An open-ended equity scheme) l INvESTmENT ObjECTIvE To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies. l FuNd manager Chirag Setalvad (since June 25, 07) Total Experience: over 18 years l INCEpTION date (date of allotment) June 25, 2007 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 82.91% risk ratio Standard Deviation 5.064% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.34% Direct 1.44% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty Midcap 100 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Mid-Cap opportunities Fund, HDFC Mid-Cap opportunities Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. l SEgmENT-WISE break-up OF EquITy HOldINg (% OF NET assets) large-cap 3.06 Mid-Cap Small-Cap 0.06 For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Bajaj Finance ltd. Finance 3.34 Hindustan petroleum Corporation ltd. petroleum products 2.45 Voltas ltd. Construction project 2.43 Aurobindo pharma ltd. pharmaceuticals 2.32 Torrent pharmaceuticals ltd. pharmaceuticals 2.11 Axis Bank ltd. Banks 2.07 Cholamandalam Investment and Finance Company ltd. Finance 2.07 Divi's laboratories ltd. pharmaceuticals 2.02 yes Bank ltd. Banks 1.93 Jagran prakashan ltd. Media And Entertainment 1.93 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash margin/earmarked cash for Futures & options 0.11 Cash, Cash Equivalents and net Current Assets 4.98 grand Total For complete portfolio, please visit performance Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) 1, Mkt Value as on March 31, 2016 (` 000) 2, , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty Midcap 100 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Small and Mid Cap companies. (%) Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,864 9,809 9,114 Mar 31, 14 last 2 years ,115 14,807 11,543 Mar 28, 13 last 3 years ,033 17,230 13,618 Jun 25, 07 Since Inception ,250 21,885 18,168 discrete 12 month (%) period Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Intouch mutually March Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty Midcap 100 Index nifty 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 45. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Banks Industrial Products Pharmaceuticals 9.34 Auto Ancillaries 8.14 Finance 7.56 Software 7.40 Consumer Durables 7.02 Pesticides 4.96 Media And Entertainment 4.16 Industrial Capital Goods 3.96 Construction Project 3.93 Petroleum Products 2.45 Chemicals 2.13 Consumer Non Durables 1.65 Retailing 1.55 Gas 1.24 Construction 1.16 Trading 0.96 Transportation 0.82 Oil 0.75 Services 0.34 Hotels

12 HDFC Small and Mid-Cap Fund (An open-ended equity scheme) l INvESTmENT ObjECTIvE To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies. l FuNd manager Chirag Setalvad (since June 27, 14) Total Experience: over 18 years l INCEpTION date (date of allotment) April 3, 2008 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 23.11% risk ratio Standard Deviation 4.673% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.45% Direct 1.09% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty Smallcap 100 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Small and Mid Cap Fund - Regular plan, HDFC Small and Mid Cap Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. l SEgmENT-WISE break-up OF EquITy HOldINg (% OF NET assets) Mid-Cap Small-Cap portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Aurobindo pharma ltd. pharmaceuticals 4.29 Sarla performance Fibers ltd. Textiles - Synthetic 2.62 yes Bank ltd. Banks 2.61 Cholamandalam Investment and Finance Company ltd. Finance 2.61 Bajaj Finance ltd. Finance 2.59 niit Technologies ltd. Software 2.54 navneet Education ltd. Media And Entertainment 2.38 Aarti Industries ltd. Chemicals 2.33 Torrent pharmaceuticals ltd. pharmaceuticals 2.33 lic Housing Finance ltd. Finance 2.32 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 1.10 grand Total For complete portfolio, please visit performance Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) Mkt Value as on March 31, 2016 (` 000) 1, (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty Smallcap 100 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Small-Cap and Mid-Cap companies. (%) Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,907 8,687 9,114 Mar 31, 14 last 2 years ,961 13,228 11,543 Mar 28, 13 last 3 years ,138 15,588 13,618 Apr 03, 08 Since Inception ,244 13,236 16,218 discrete 12 month (%) period Pharmaceuticals Finance Banks 8.63 Industrial Products 8.10 Consumer Durables 6.56 Software 6.40 Construction Project 6.25 Media And Entertainment 5.62 Auto Ancillaries 4.69 Chemicals 4.01 Consumer Non Durables 3.16 Auto 3.06 Pesticides 3.02 Textiles - Synthetic 2.62 Transportation 2.42 Construction 2.01 Power 1.73 Industrial Capital Goods 1.73 Trading 1.73 Hotels 1.24 Cement Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty Smallcap 100 Index nifty 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 45. For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 12 March 2016 Intouch mutually

13 HDFC Long Term Advantage Fund (An open-ended equity linked saving scheme with a lock-in period of 3 years) l INvESTmENT ObjECTIvE To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. l FuNd manager Chirag Setalvad (since April 2, 07) Total Experience: over 18 years l INCEpTION date (date of allotment) January 2, 2001 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 10.48% risk ratio Standard Deviation 4.718% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.26% Direct 1.45% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx S&p BSE SEnSEx l ENTry load not Applicable. l ExIT load nil l plans HDFC long Term Advantage Fund, HDFC long Term Advantage Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout facility. l minimum application amount (under each plan / Option) purchase : ` 500 and in multiples of ` 500 thereafter. purchase : ` 500 and in multiples of ` 500 thereafter. l redemption proceeds normally despatched within 3-4 Business Days. l lock-in period 3 years from the date of allotment of the respective units portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 8.58 ICICI Bank ltd. Banks 6.58 Reliance Industries ltd. petroleum products 6.39 HDFC Bank ltd. Banks 5.46 Tata Motors ltd. DVR Auto 4.93 Tata Consultancy Services ltd. Software 4.67 larsen & Toubro ltd. Construction project 4.57 Housing Development Finance Corporation ltd. Finance 4.10 Supreme Industries ltd. Industrial products 3.56 Bharat petroleum Corporation ltd. petroleum products 3.45 Total of Top Ten Holdings Total Equity & Equity related Holdings Cd/Cp Syndicate Bank CARE - A Total Cd/Cp 2.22 Cash, Cash Equivalents and net Current Assets 2.12 grand Total For complete portfolio, please visit Co-sponsor performance Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value as on March 31, 2016 (` 000) 10, , , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. S&p BSE SEnSEx nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. Cumulative performance date period per unit (%) (%) This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related instruments. Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,508 9,064 9,114 Mar 31, 14 last 2 years ,776 11,320 11,543 Mar 28, 13 last 3 years ,848 13,454 13,618 Jan 02, 01 Since Inception ,114 63,057 60,846 discrete 12 month (%) period Banks Industrial Products Software Petroleum Products 9.84 Auto 6.31 Finance 5.72 Construction Project 5.04 Auto Ancillaries 4.79 Consumer Durables 4.79 Consumer Non Durables 3.35 Telecom - Services 2.60 Trading 2.13 Power 1.93 Pharmaceuticals 1.75 Ferrous Metals 0.89 Industrial Capital Goods 0.55 Media And Entertainment Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). S&p BSE SEnSEx nifty 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 45. For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Intouch mutually March

14 HDFC TaxSaver (An open-ended equity linked saving scheme with a lock-in period of 3 years) l INvESTmENT ObjECTIvE To achieve long term growth of capital. l FuNd manager vinay Kulkarni (since november 21, 06) Total Experience: over 25 years l INCEpTION date (date of allotment) March 31, 1996 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 33.08% risk ratio Standard Deviation 5.790% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.15% Direct 1.35% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 500 Index l ENTry load not Applicable. l ExIT load nil l plans HDFC TaxSaver, HDFC TaxSaver - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout facility. l minimum application amount (under each plan / Option) purchase : ` 500 and in multiples of ` 500 thereafter. purchase : ` 500 and in multiples of ` 500 thereafter. l redemption proceeds normally despatched within 3-4 Business Days (Redemption is subject to completion of lock-in period, if applicable). l lock-in period 3 years from the date of allotment of the respective units For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 6.71 State Bank of India Banks 6.33 ICICI Bank ltd. Banks 6.21 Tata Motors ltd. DVR Auto 5.19 Bharat petroleum Corporation ltd. petroleum products 4.98 HDFC Bank ltd. Banks 4.82 Bharat Electronics ltd. Industrial Capital Goods 4.14 procter & Gamble Hygiene and Consumer non Health Care ltd. Durables 3.74 larsen & Toubro ltd. Construction project 3.13 Bank of Baroda Banks 3.11 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 3.24 grand Total For complete portfolio, please visit This product is suitable for investors who are seeking ~ Growth of capital over long term. Investment predominantly in equity and equity related instruments. Industry allocation of Equity Holding (% of Net assets) performance Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value as on March 31, 2016 (` 000) $$ 44, , , (annualised) (%) $$ (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 500 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%)$$ (%) value of Investment of ` 10000@ $$ riskometer Mar 31, 15 last 1 year ,891 9,246 9,114 Mar 31, 14 last 2 years ,790 12,349 11,543 Mar 28, 13 last 3 years ,711 14,537 13,618 Mar 31, 96 Since Inception n.a. 893,057 92,156 n.a. discrete 12 month (%) period Banks Software Construction Project 7.45 Auto 7.37 Cement 6.13 Industrial Capital Goods 5.99 Petroleum Products 5.58 Consumer Non Durables 3.74 Pharmaceuticals 3.38 Ferrous Metals 2.71 Consumer Durables 2.17 Telecom - Services 2.16 Power 1.65 Auto Ancillaries 1.64 Oil 1.62 Industrial Products 1.55 Chemicals 1.32 Gas 1.24 Minerals/Mining 0.90 Non - Ferrous Metals 0.55 Pesticides 0.37 Media And Entertainment 0.36 Transportation 0.31 Paper $$ Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 500 Index nifty 50 Index. $$ 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 shows the current value of ` 10,000/- invested at the beginning of a given period. n.a.: not Available. For performance of other schemes managed by Vinay Kulkarni, please refer page 45. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 14 March 2016 Intouch mutually

15 HDFC Infrastructure Fund (An open-ended equity scheme) l INvESTmENT ObjECTIvE To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure. l FuNd manager prashant jain (since March 10, 08) Total Experience: over 24 years Srinivas rao ravuri (since March 10, 08) Total Experience: over 18 years l INCEpTION date (date of allotment) March 10, 2008 l per unit Growth option Dividend option Direct plan - Growth option Direct plan - Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 15.79% risk ratio Standard Deviation 8.464% Beta Sharpe Ratio* Computed for the 3-yr period ended March 31, Based on month-end nav. * Risk free rate: 9.00% (Source: FIMMDA MIBoR) l TOTal ExpENSE ratio (Weighted average for the month) Regular 2.41% Direct 1.66% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 500 Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 1 year from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Infrastructure Fund, HDFC Infrastructure Fund - Direct plan l OpTIONS under Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility. portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related State Bank of India Banks 8.25 larsen & Toubro ltd. Construction project 6.70 ICICI Bank ltd. Banks 6.30 Tata Motors ltd. DVR Auto 5.36 Bank of Baroda Banks 4.96 Sadbhav Engineering ltd. Construction project 4.37 Siemens ltd. Industrial Capital Goods 3.93 ITD Cementation India ltd. Construction 3.63 pnc Infratech ltd. Construction 3.24 Sanghvi Movers ltd Industrial Capital Goods 3.16 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 1.30 grand Total For complete portfolio, please visit Industry allocation of Equity Holding (% of Net assets) performance Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) Mkt Value as on March 31, 2016 (` 000) 1, (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 500 Index nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%) (%) value of Investment of ` 10000@ Mar 31, 15 last 1 year ,301 9,246 9,114 Mar 31, 14 last 2 years ,173 12,349 11,543 Mar 28, 13 last 3 years ,623 14,537 13,618 Mar 10, 08 Since Inception ,871 16,426 16,120 discrete 12 month (%) period Banks Construction Project Industrial Capital Goods Construction Auto 7.01 Cement 4.22 Power 3.22 Telecom - Equipment & Accessories 2.41 Chemicals 2.26 Consumer Non Durables 1.85 Telecom - Services 1.56 Auto Ancillaries 1.54 Ferrous Metals 1.53 Consumer Durables 1.51 Transportation 1.04 Petroleum Products 0.93 Non - Ferrous Metals 0.49 Hotels 0.44 Finance Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 500 Index nifty 50 Index. For performance of other schemes managed by prashant Jain & Srinivas Rao Ravuri, please refer page 45. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days (Redemption is subject to completion of lock-in period, if applicable). This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure. riskometer For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Investors understand that their principal will be at high risk Mr Rakesh Vyas (Total Experience: over 11 years). ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Intouch mutually March

16 HDFC Arbitrage Fund (An open-ended equity scheme) l INvESTmENT ObjECTIvE To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. l FuNd manager Krishan Kumar daga (since September 10, 15) Total Experience: over 20 years l INCEpTION date (date of allotment) october 23, 2007 l per unit retail plan Growth option Dividend option quarterly Dividend option Direct plan - Growth option Direct plan - quarterly Dividend option Wholesale plan Growth option Dividend option Monthly Dividend option Direct plan - Growth option Direct plan - Dividend option Direct plan - Monthly Dividend option assets under management IN CrOrE As on March 31, , Average for Month of March, , l quantitative data portfolio Turnover Ratio (last 1 year) 1,656.72% l TOTal ExpENSE ratio (Weighted average for the month) Regular 0.78% Direct 0.18% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx CRISIl liquid Fund Index l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 0.25% is payable if units are redeemed / switchedout within 1 month from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 1 month from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Arbitrage Fund (Wholesale plan), HDFC Arbitrage Fund (Wholesale plan) - Direct plan l OpTIONS under Each plan : Growth & Dividend. Dividend option offers Monthly Dividend option and normal Dividend option with payout and Reinvestment facility. l minimum application amount (under each plan / Option) purchase / purchase: ` 1 lakh and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related (quantity fully hedged using futures/options) HDFC Bank ltd. Banks 6.68 Adani ports and Special Economic Zone ltd. Transportation 6.46 Sun pharmaceuticals Industries ltd. pharmaceuticals 5.76 Axis Bank ltd. Banks 4.64 Reliance Industries ltd. petroleum products 4.26 Maruti Suzuki India ltd. Auto 4.11 Housing Development Finance Corporation ltd. Finance 2.83 IDFC ltd. Finance 2.25 ITC ltd. Consumer non Durables 2.08 lic Housing Finance ltd. Finance 1.88 Total of Top Ten Equity & Equity related Total Equity & Equity related Cd/Cp, Credit Exposure Deutsche Investments India pvt. ltd. CRISIl - A Kotak Mahindra prime ltd. CRISIl - AAA 2.48 Total Cd/Cp, Credit Exposure 5.09 Short Term Deposits as margin for Futures & options Cash, Cash Equivalents and net Current Assets 2.31 grand Total For complete portfolio, please visit outstanding exposure in derivative instruments (` in Crore) 1, Co-sponsor Cumulative performance date period per unit (%) (%) This product is suitable for investors who are seeking ~ Income over short term. Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment. Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ riskometer Mar 31, 15 last 1 year ,699 10,806 9,114 Mar 31, 14 last 2 years ,538 11,776 11,543 Mar 28, 13 last 3 years ,521 12,900 13,618 oct 23, 07 Since Inception ,510 18,661 14,137 discrete 12 month (%) period Finance Banks Pharmaceuticals Transportation Oil 0.28 Pesticides 0.17 Chemicals 0.15 Ferrous Metals 0.14 Services 0.01 Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). CRISIl liquid Fund Index nifty 50 Index. performance is not strictly comparable with that of its since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 45. Auto Petroleum Products Consumer Non Durables Non - Ferrous Metals Power Media And Entertainment Software Construction Industrial Capital Goods Construction Project Auto Ancillaries Minerals/Mining Cement For Tax Benefits / Consequences, Please refer to page 45 Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 11 years). Investors understand that their principal will be at moderately low risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 16 March 2016 Intouch mutually

17 HDFC Index Fund SENSEX Plan (An open-ended Index Linked scheme) l INvESTmENT ObjECTIvE The objective of this plan is to generate that are commensurate with the performance of the SEnSEx, subject to tracking errors. l FuNd manager Krishan Kumar daga (since october 19, 15) Total Experience: over 20 years l INCEpTION date (date of allotment) July 17, 2002 l per unit Growth option Direct plan - Growth option assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 9.06% l TraCKINg ErrOr Annualised tracking error is calculated based on daily rolling for the last 12 months: 0.33% l TOTal ExpENSE ratio (Weighted average for the month) Regular 0.30% Direct 0.15% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx S&p BSE SEnSEx (Total Index) l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 30 days from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 30 days from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Index Fund - SEnSEx plan, HDFC Index Fund - SEnSEx plan - Direct plan l OpTIONS Each plan offers Growth option only. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software HDFC Bank ltd. Banks 9.17 ITC ltd. Consumer non Durables 8.05 Housing Development Finance Corporation ltd. Finance 7.62 Reliance Industries ltd. petroleum products 7.55 ICICI Bank ltd. Banks 6.01 Tata Consultancy Services ltd. Software 5.60 larsen & Toubro ltd. Construction project 4.36 Sun pharmaceuticals Industries ltd. pharmaceuticals 3.88 Axis Bank ltd. Banks 3.28 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 0.29 grand Total For complete portfolio, please visit Co-sponsor Industry allocation of Equity Holding (% of Net assets) performance Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value as on March 31, 2016 (` 000) 3, , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. S&p BSE SEnSEx (Total Index) nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%) (%) value of Investment of ` 10000@ Mar 31, 15 last 1 year ,204 9,209 9,114 Mar 31, 14 last 2 years ,563 11,678 11,543 Mar 28, 13 last 3 years ,880 14,099 13,618 Jul 17, 02 Since Inception ,883 99,081 74,945 discrete 12 month (%) period Banks Software Consumer Non Durables Auto Pharmaceuticals 8.25 Finance 7.62 Petroleum Products 7.55 Construction Project 4.36 Telecom - Services 2.15 Oil 1.69 Minerals/Mining 1.62 Power 1.16 Transportation 0.97 Ferrous Metals 0.94 Gas 0.74 Industrial Capital Goods Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). S&p BSE SEnSEx (Total Index) nifty 50 Index. Since inception are calculated on ` (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 45. For Tax Benefits / Consequences, Please refer to page 45 This product is suitable for investors who are seeking ~ that are commensurate with the performance of the SEnSEx, subject to tracking errors over long term. Investment in equity securities covered by the SEnSEx. riskometer Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` , + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Intouch mutually March

18 HDFC Index Fund NIFTy Plan (An open-ended Index Linked scheme) l INvESTmENT ObjECTIvE The objective of this plan is to generate that are commensurate with the performance of the nifty, subject to tracking errors. l FuNd manager Krishan Kumar daga (since october 19, 15) Total Experience: over 20 years l INCEpTION date (date of allotment) July 17, 2002 l per unit Growth option Direct plan - Growth option assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 9.79% l TraCKINg ErrOr Annualised tracking error is calculated based on daily rolling for the last 12 months: 0.35% l TOTal ExpENSE ratio (Weighted average for the month) Regular 0.52% Direct 0.37% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx nifty 50 Index (Total Index) l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 3 months from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 3 months from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Index Fund - nifty plan, HDFC Index Fund - nifty plan - Direct plan l OpTIONS Each plan offers Growth option only. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 8.65 HDFC Bank ltd. Banks 7.53 ITC ltd. Consumer non Durables 6.59 Housing Development Finance Corporation ltd. Finance 6.25 Reliance Industries ltd. petroleum products 6.19 ICICI Bank ltd. Banks 4.92 Tata Consultancy Services ltd. Software 4.63 larsen & Toubro ltd. Construction project 3.56 Sun pharmaceuticals Industries ltd. pharmaceuticals 3.20 Axis Bank ltd. Banks 2.67 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets grand Total For complete portfolio, please visit Co-sponsor performance Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value as on March 31, 2016 (` 000) 3, , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. nifty 50 Index (Total Index) S&p BSE SEnSEx. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%) (%) Industry allocation of Equity Holding (% of Net assets) value of Investment of ` 10000@ Mar 31, 15 last 1 year ,206 9,218 9,064 Mar 31, 14 last 2 years ,751 11,814 11,320 Mar 28, 13 last 3 years ,965 14,115 13,454 Jul 17, 02 Since Inception ,271 91,182 78,798 discrete 12 month (%) period Banks Software Consumer Non Durables Auto Pharmaceuticals Petroleum Products Finance Construction Project Cement Power Telecom - Services Oil Minerals/Mining Transportation Ferrous Metals Media And Entertainment Telecom-Equipment & Accessories Auto Ancillaries Gas Non - Ferrous Metals Industrial Capital Goods Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). nifty 50 Index (Total Index) S&p BSE SEnSEx. Since inception are calculated on ` (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 45. For Tax Benefits / Consequences, Please refer to page 45 This product is suitable for investors who are seeking ~ that are commensurate with the performance of the nifty, subject to tracking errors over long term. Investment in equity securities covered by the nifty. riskometer Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` , + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 18 March 2016 Intouch mutually

19 HDFC Index Fund SENSEX Plus Plan (An open-ended Index Linked scheme) l INvESTmENT ObjECTIvE The objective of this plan is to invest 80% to 90% of the net assets of the plan in companies whose securities are included in SEnSEx and between 10% & 20% of the net assets in companies whose securities are not included in the SEnSEx. l FuNd manager Krishan Kumar daga (since october 19, 15) Total Experience: over 20 years l INCEpTION date (date of allotment) July 17, 2002 l per unit Growth option Direct plan - Growth option assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 8.90% l TOTal ExpENSE ratio (Weighted average for the month) Regular 1.08% Direct 0.83% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx S&p BSE SEnSEx (Total Index) l ENTry load not Applicable. l ExIT load In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switchedout within 30 days from the date of allotment. no Exit load is payable if units are redeemed / switchedout after 30 days from the date of allotment. For further details, please refer to para Exit load on pg 45. l plans HDFC Index Fund - SEnSEx plus plan, HDFC Index Fund - SEnSEx plus plan - Direct plan l OpTIONS Each plan offers Growth option only. l minimum application amount (under each plan / Option) purchase : ` 5,000 and any amount thereafter. purchase : ` 1,000 and any amount thereafter. l redemption proceeds normally despatched within 3-4 Business Days. For Tax Benefits / Consequences, Please refer to page 45 portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software 9.36 HDFC Bank ltd. Banks 8.07 ITC ltd. Consumer non Durables 7.09 Housing Development Finance Corporation ltd. Finance 6.70 Reliance Industries ltd. petroleum products 6.64 ICICI Bank ltd. Banks 5.29 Tata Consultancy Services ltd. Software 4.93 larsen & Toubro ltd. Construction project 3.83 Sun pharmaceuticals Industries ltd. pharmaceuticals 3.44 Solar Industries India ltd. Chemicals 2.98 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 0.15 grand Total For complete portfolio, please visit Co-sponsor performance Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value as on March 31, 2016 (` 000) 4, , (annualised) (%) (Annualised) (%) Addl. Ret. (Annualised) past performance may or may not be sustained in the future. S&p BSE SEnSEx (Total Index) nifty 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any. SIP does not assure a profit or guarantee protection against a loss in a declining market. Cumulative performance date period per unit (%) (%) value of Investment of ` 10000@ Mar 31, 15 last 1 year ,115 9,209 9,114 Mar 31, 14 last 2 years ,918 11,678 11,543 Mar 28, 13 last 3 years ,811 14,099 13,618 Jul 17, 02 Since Inception ,103 99,081 74,945 discrete 12 month (%) period Industry allocation of Equity Holding (% of Net assets) Banks Software Consumer Non Durables Auto 9.51 Petroleum Products 9.42 Pharmaceuticals 7.30 Finance 6.70 Construction Project 3.83 Chemicals 2.98 Cement 2.72 Telecom - Services 1.89 Oil 1.48 Minerals/Mining 1.42 Pesticides 1.28 Power 1.02 Transportation 0.86 Ferrous Metals 0.82 Industrial Products 0.69 Gas 0.64 Industrial Capital Goods Mar 31, 15 To Mar 31, Mar 31, 14 To Mar 31, Mar 28, 13 To Mar 31, past performance may or may not be sustained in the future. The above are for Regular plan - Growth option (other than Direct plan). greater than 1 year period are compounded annualized (CAGR). S&p BSE SEnSEx (Total Index) nifty 50 Index. Since inception are calculated on ` For performance of other schemes managed by Krishan Kumar Daga, please refer page 45. This product is suitable for investors who are seeking ~ Capital appreciation over long term. Investment in equity securities of 80% to 90% of the net assets of the plan in companies whose securities are included in SEnSEx and between 10% & 20% of the net assets in companies whose securities are not included in the SEnSEx. riskometer Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` , + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. Intouch mutually March

20 HDFC SENSEX ETF (An open-ended Exchange Traded Fund) l INvESTmENT ObjECTIvE To provide investment that, before expenses, closely correspond to the total of the Securities as represented by the S&p BSE SEnSEx Index subject to tracking errors. l FuNd manager Krishan Kumar daga (since December 09, 15) Total Experience: over 20 years l INCEpTION date (date of allotment) December 09, 2015 l per unit Growth option 2, assets under management IN CrOrE As on March 31, Average for Month of March, l quantitative data portfolio Turnover Ratio (last 1 year) 94.95% l TOTal ExpENSE ratio (Weighted average for the month) HDFC Sensex ETF 0.08% Inclusive of Service Tax on Management Fees and charge in respect of sales beyond T-15 cities. l benchmark INdEx S&p BSE SEnSEx Index l ENTry load not Applicable. l ExIT load For Creation unit Size: no Exit load will be levied on redemptions made by Authorised participants / large Investors directly with the Fund in Creation unit Size. For other than Creation unit Size: n.a. The units of HSETF in other than Creation unit Size cannot be directly redeemed with the Fund. These units can be redeemed (sold) on a continuous basis on the nse and BSE during the trading hours on all trading days. Refer SID for further details. For further details, please refer to para Exit load on pg 45. l plans HDFC SEnSEx ETF l OpTIONS presently the does not offer any plans/options for investment portfolio - Top 10 Holdings Company Industry + % to EquITy & EquITy related Infosys ltd. Software HDFC Bank ltd. Banks 9.13 ITC ltd. Consumer non Durables 7.99 Housing Development Finance Corporation ltd. Finance 7.56 Reliance Industries ltd. petroleum products 7.48 ICICI Bank ltd. Banks 5.95 Tata Consultancy Services ltd. Software 5.60 larsen & Toubro ltd. Construction project 4.31 Sun pharmaceuticals Industries ltd. pharmaceuticals 3.84 Axis Bank ltd. Banks 3.22 Total of Top Ten Holdings Total Equity & Equity related Holdings Cash, Cash Equivalents and net Current Assets 1.01 grand Total For complete portfolio, please visit Co-sponsor Industry allocation of Equity Holding (% of Net assets) Banks Software Consumer Non Durables Auto Pharmaceuticals Finance Petroleum Products Construction Project Telecom - Services Oil Minerals/Mining Power Transportation Ferrous Metals Gas Industrial Capital Goods l minimum application amount (under each plan / Option) authorised participants /large Investors: Application for subscription of HSxETF units in Creation unit Size can be made either: (i) in exchange of the portfolio Deposit; or (ii) by depositing basket of securities comprising S&p BSE SEnSEx Index Each Creation unit Size will consist of 1,000 units of HSxETF and 1 unit of HSxETF will be approximately equal to 1/10th of the value of S&p BSE SEnSEx Index. Other investors (including authorised participants and large Investors): units of HSxETF can be subscribed (in lots of 1 unit) during the trading hours on all trading days on the nse and BSE on which the units will be listed. This product is suitable for investors who are seeking ~ that are commensurate with the performance of the S&p BSE SEnSEx, subject to tracking errors over long term. Investment in equity securities covered by the S&p BSE SEnSEx. riskometer Investors understand that their principal will be at For Tax Benefits / Consequences, Please refer to page 45 moderately high risk ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Face Value per unit: ` 2,503.61, + Industry Classification as recommended by AMFI, Data is as of March 31, 2016 unless otherwise specified. 20 March 2016 Intouch mutually