HDFC Asset Management Company Limited PDF

October 2018
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Gift your child a bright future.

Consider HDFC Children’s Gift Fund.
To know more, contact your financial adviser or give a missed call on 92218 12345.
#
Subject to the terms and conditions of the Scheme & the Group Personal Accident Insurance
Policy detailed in the Scheme Information Document.
HDFC Children’s Gift Fund (An open-ended Riskometer

fund for investment for children having
a lock-in for at least 5 years or till the child
attains age of majority {whichever is earlier})
is suitable for investors who are seeking*:
 Capital appreciation over long term
 Investment in equity and equity-related
instruments as well as debt and money
market instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
M U T U A L F U N D I N V E S T M E N T S A R E S U B J E C T T O M A R K E T R I S K S,
R E A D A L L S C H E M E R E L A T E D D O C U M E N T S C A R E F U L L Y.
GLOSSARY
Sharpe Ratio Tracking Error
Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess Tracking error indicates how closely the portfolio return is tracking the benchmark Index
to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe return. It measures the deviation between portfolio return and benchmark index return. A
ratio indicates, portfolio compensating investors with excess returns (over risk-free rate) lower tracking error indicates portfolio closely tracking benchmark index and higher tracking
for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off error indicates portfolio returns with higher deviation from benchmark index returns.
investing in risk-free assets.
Average Maturity
Beta Weighted average maturity of the securities in scheme.
Beta (ß) of a portfolio is a number indicating the relation between portfolio returns with
that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in Portfolio Yield (Yield To Maturity)
comparison to the market as a whole. Weighted average yield of the securities in scheme portfolio.
Modified Duration Portfolio Turnover Ratio

A formula that expresses the measurable change in the value of a security in response Portfolio Turnover Ratio is the percentage of a fund’s holdings that have changed in a
to a change in interest rates. Modified duration of portfolio can be used to anticipate the given year. This ratio measures the fund’s trading activity, which is computed by taking
change in market value of portfolio for every change in portfolio yield. the lesser of purchases or sales and dividing by average monthly net assets.
Standard Deviation Macaulay Duration (Duration)

A statistical measure that defines expected volatility/risk associated with a portfolio. Macaulay Duration (Duration) measures the price volatility of fixed income securities. It is
This explains the variation/deviation from the average returns delivered by the portfolio. often used in the comparison of interest rate risk between securities with different coupons
A higher standard deviation means higher volatility (risk) and a lower standard deviation and different maturities. It is defined as the weighted average time to cash flows of a
means lower volatility. bond where the weights are nothing but the present value of the cash flows themselves.
It is expressed in years. The duration of a fixed income security is always shorter than its
Risk Free Return term to maturity, except in the case of zero coupon securities where they are the same.
The theoretical rate of return of an investment with safest (zero risk) investment in a country.
Total Expense Ratio
Total expenses charged to scheme for the month expressed as a percentage to average
monthly net assets.
HOW TO READ FACTSHEET

Fund Manager Standard Deviation
An employee of the asset management company such as a mutual fund or life insurer, Standard deviation is a statistical measure of the range of an investment’s performance.
who manages investments of the scheme. He is usually part of a larger team of fund When a mutual fund has a high standard deviation, its means its range of performance
managers and research analysts. is wide, implying greater volatility.
Application Amount for Fresh Subscription Sharpe Ratio
This is the minimum investment amount for a new investor in a mutual fund scheme. The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a
Minimum Additional Amount measure of risk-adjusted returns. It is calculated using standard deviation and excess
This is the minimum investment amount for an existing investor in a mutual fund scheme. return to determine reward per unit of risk.
Beta Ratio (Portfolio Beta)
Yield to Maturity Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than 1
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until means that the security will be less volatile than the market. A beta of greater than 1
maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current implies that the security’s price will be more volatile than the market.
market price, par value, coupon interest rate and time to maturity.
Average portfolio PE (Average P/E)
SIP It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted
SIP or systematic investment plan works on the principle of making periodic investments average basis.
of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor
may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a Average portfolio price to book ratio (Average P/BV)
period of three years. It is price to book value of the stocks calculated for the entire portfolio on a weighted
average basis.
NAV
The NAV or the net asset value is the total asset value per unit of the mutual fund after Average portfolio dividend yield (Average Dividend Yield)
deducting all related and permissible expenses. The NAV is calculated at the end of It is dividend yield of the stocks calculated for the entire portfolio on a weighted average
every business day. It is the value at which the investor enters or exits the mutual fund. basis.
Benchmark Net Equity
A group of securities, usually a market index, whose performance is used as a standard Net equity level is the net equity exposure percentage adjusted for any derivative
or benchmark to measure investment performance of mutual funds, among other positions in stocks or index for hedging or rebalancing purpose.
investments. Some typical benchmarks include the NIFTY, Sensex, BSE200, BSE500, R Squared
10-Year Gsec.
It is a statistical measure of how closely the portfolio returns are correlated with its
Entry Load benchmark.
A mutual fund may have a sales charge or load at the time of entry and/or exit to AUM
compensate the distributor/agent. Entry load is charged at the time an investor AUM or assets under management refers to the recent / updated cumulative market
purchases the units of a mutual fund. value of investments managed by a mutual fund or any investment firm.
The entry load is added to the prevailing NAV at the time of investment. For instance, if Holdings
the NAV is Rs. 100 and the entry load is 1 %, the investor will enter the fund at Rs. 101. The holdings or the portfolio is a mutual fund’s latest or updated reported statement of
(Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated investments/securities. These are usually displayed in terms of percentage to net assets
that the upfront commission to distributors will be paid by the investor directly to the or the rupee value or both. The objective is to give investors an idea of where their
distributor, based on his assessment of various factors including the service rendered money is being invested by the fund manager.
by the distributor).
Nature of Scheme
Exit Load The investment objective and underlying investments determine the nature of the mutual
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit fund scheme. For instance, a mutual fund that aims at generating capital appreciation by
load is reduced from the prevailing NAV at the time of redemption. The investor will investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that
receive redemption proceed at net value of NAV less Exit Load. For instance if the NAV is aims at capital preservation by investing in debt markets is a debt fund or income fund.
Rs. 100 and the exit load is 1%, the investor will receive Rs. 99. Each of these categories may have sub-categories.
Modified Duration Rating Profile
Modified duration is the price sensitivity and the percentage change in price for a unit Mutual funds invest in securities after evaluating their creditworthiness as disclosed by
change in yield. the ratings. A depiction of the mutual fund in various investments based on their ratings
becomes the rating profile of the fund. Typically, this is a feature of debt funds.
2 October 2018 Intouch mutually

Market Review
In view of the above it would be more appropriate to describe INR movement as

Equity Market update appreciation of USD, instead of INR depreciation.
Indian equity markets corrected by 5% in October amid concerns over global

slowdown due to trade wars, global capital markets selloff, concerns around NBFCs,
FPIs sold Indian equities worth US$3.9 bn during October. FPI’s Equity sales in
FY19YTD till September have been close to US$7.9bn. Equity oriented mutual funds
flows continue to remain healthy providing a good counter balance in the markets.
worries over discretionary demand, elevated crude oil prices and depreciating INR. Net inflows in domestic equity oriented mutual funds in September 2018 were
Midcaps / Smallcaps outperformed SENSEX / NIFTY 50 in October, though in 2018 Rs 11,900 crores. Total net inflows domestic equity oriented mutual funds in FY19YTD
CYTD till October midcap / small caps indices have underperformed significantly. till September have been nearly Rs 72,500 crores.
Banking, capital goods and power sectors performed well while Auto, oil & gas and
IT underperformed. Amongst the results declared so far for Q2FY19, results of corporate banks,
infrastructure and industrials etc. were above expectations while those of NBFCs,
Global equity markets also performed poorly with all major indices ending the month metals and capital goods were largely in line with expectations. Earnings for retail
significantly negative on MoM basis. KOSPI was the worst performer, down 13.4%. banks and Information technology sectors were mixed while for auto, telecom, media
& entertainment, Oil & gas and consumers were below or slightly below expectations.
The table below gives the details of performance of key domestic and global indices. NIFTY 50 is trading near 18x CY18 (e) and 15x CY19 (e). These are reasonable
multiples especially in view of improving profit growth outlook. Markets thus hold
% Change in Indices CY 2017 1M CY 2018 YTD promise over the medium to long term in our opinion. Adverse global events, rising
S&P BSE India Auto 32.1 (7.4) (25.7) crude oil prices, sharp moderation in equity oriented mutual funds flows and delays in
S&P BSE India Bankex 39.1 1.3 (1.7) NPA resolution under NCLT are key risks in the near term.
S&P BSE India Capital Goods 40.0 2.2 (8.6)
In view of the above, the opportunity created by correction in Indian markets
S&P BSE India FMCG 31.5 (3.3) 4.0 should be used by discerning investors to increase allocation to equities, especially in
S&P BSE India Healthcare 0.5 (2.0) (0.5) multi cap / large cap Funds in a phased manner or in staying invested as the case may
S&P BSE India Metal 47.8 (5.7) (16.2) be (for those with a medium to long term view and in line with individual risk appetite).
S&P BSE India Power 19.8 1.5 (17.8)
S&P BSE India Oil & Gas 34.0 (10.8) (18.6)
S&P BSE India IT 10.8 (7.0) 28.9
S&P BSE SENSEX 27.9 (4.9) 1.1 Debt Market update
T
NIFTY 50 28.6 (5.0) (1.4)
NIFTY Midcap 100 47.3 0.2 (18.7) he yield on 10-year benchmark (7.17% GoI 2028) ended the month at 7.85%,
NIFTY Smallcap 57.3 (1.4) (33.3) down by 17 bps MoM due to dovish RBI monetary policy with no hike in rates and
fall in Brent crude oil prices from intra month high of ~$87 to ~$74 per barrel. The
% Change in Indices CY 2017 1M CY 2018 YTD yield on 10-year AAA Corporate Bonds ended the month flat at 8.78%. Thus, corporate
bond spreads during the month widened to 77 bps as against 60 bps in September 2018
S&P 500 19.4 (6.9) 1.4 (spread against 7.17% GoI 2028).
FTSE 7.6 (5.1) (7.3)
DAX 12.5 (6.5) (11.4) Liquidity conditions remained positive during first week of the month but turned
CAC 9.3 (7.3) (4.1) negative thereafter. On overall basis, as against ~Rs 42,000 crores of liquidity infused
Nikkei 19.1 (9.1) (3.7) by RBI in September 2018 through various sources, ~Rs 58,000 crores of liquidity was
Hang Seng 36.0 (10.1) (16.5) infused by RBI on an average in Oct18. To support liquidity, RBI purchased INR 360
bn worth of G-Secs through Open Market Operations (OMOs) and also announced
KOSPI 21.8 (13.4) (17.7) plans to do further OMOs of INR 400 bn during Nov18. The overnight rate ended flat
Shanghai 6.6 (7.7) (21.3) at 6.6% for the month of Oct18.
MSCI Emerging Market Index 34.3 (8.8) (17.5)
INR depreciated by 2% against USD during the month to close at 74 on the back
During the month, Brent crude price corrected sharply by ~9% (though still up of RBI keeping policy rate unchanged and continuing net capital outflows. Net FII
18.5% in 2018 so far) and closed at USD 72. India basket for crude FY19YTD has been debt flows recorded an outflow of USD 1.3 bn during the month, marginally lower than
USD 75 vs FY18 average of USD 56. Most other major commodities also corrected with the outflow of USD 1.4 bn in September 2018. In the first seven months of FY19, net
lead being the worst performer down 5.5% while Gold being the best performer, up 2%. FII debt outflows aggregated to USD 8.3 bn as against inflows of US$ 18.1 bn during
the corresponding period last year.
INR ended the month at 74.0 vs USD. INR has depreciated by 2% in October and
13.6% in 2018 vs USD. The current depreciation of INR vs USD is in line with the September trade deficit widened to US$ 14 bn from USD 9.4 bn a year ago.
long term trend of INR vs USD due to higher inflation in India. Besides, as the below The overall imports increased by 10.5% YoY primarily on account of sharp increase
chart shows in FY19 most developing / developed currencies have depreciated vs the in crude import by ~34%. On the other hand, overall exports declined by ~2% due
USD due to strong US economy, rising rates in the US etc. to de-growth in exports of agriculture products (-11%) and gold, silver & gems &
jewellery (-21.7%). This was partially offset by increase in exports of petroleum and
related products (+27%).
Canadian Dollar The annual rate of retail inflation, CPI remained largely stable at 3.8% YoY in
Movement of Major currencies vs USD
Japanese Yen September 2018, compared to 3.7% in August 2018. This was primarily driven by
FY19 YTD till Oct South Koran Won lower food prices and favourable base effect. However, the Core CPI (excl. food, fuel,
Australian dollar transportation & housing) declined marginally and continued to remain at elevated level
Euro of 5.3% in September 2018 (Aug’18: 5.5%). This was on account of continued high
Pound inflation in tobacco, clothing and services.
Indonesian Rupiah
GST collections in October 2018 (for month of September 2018) increased to
Chinese Yuan
~INR 1,007 bn from ~INR 944 bn a month ago. Average monthly collection in FYTD19
Mexico
remained ~7% higher than FY18’s average monthly collection (Aug’17 to Mar’18).
Brazilian Real During first seven months of FY19, average monthly collection of GST stood at ~INR
Indian Rupee 970 bn, lower than FY19’s budgeted estimate of ~INR 1,100 bn.
Russian Ruble
South African Rand
Turkish Lira
-30.0 -25.0 -20.0 -15.0 -10.0 -5.0 0.0 Outlook

Developed
Economies
T he Monetary Policy Committee (MPC) minutes released for its meeting held in
October 2018 were in line with expectations and reinforced the view that next rate hike
Developing
will be data dependent. However, given the elevated crude oil prices and the consequent
Economies pressure on currency, we prefer to maintain a cautious stance. Additionally, the impact
of higher MSPs on food prices, credit growth outpacing deposit growth, fiscal pressures
and rising US bond yields are other factors which need to be closely monitored.
India
In our opinion, the front end of the yield curve continues to offer better risk adjusted
return than the longer end and hence, we continue to recommend investment in short
to medium duration debt funds.
Source for various data points: Bloomberg, Bloomberg Consensus, Reuters, NSDL.
Intouch mutually October 2018 3
CONTENTS
Page No. Page No.
Wealth Creation Regular Income
Hdfc Equity Fund................................................................................. 05 Hdfc Equity Savings Fund.................................................................... 29-30
Hdfc Capital Builder Value Fund........................................................... 06 HDFC Hybrid Debt Fund........................................................................ 31-32
Hdfc Top 100 Fund.............................................................................. 07 Hdfc Arbitrage Fund............................................................................ 33-34
Hdfc Mid-Cap Opportunities Fund....................................................... 08 HDFC Corporate Bond Fund.................................................................. 35
Hdfc Small Cap Fund........................................................................... 09 Hdfc Credit Risk Debt Fund.................................................................. 36-37
Hdfc Growth Opportunities Fund......................................................... 10 Hdfc Banking and Psu Debt Fund........................................................ 38
Hdfc Focused 30 Fund......................................................................... 11 Hdfc Gilt Fund..................................................................................... 39
Hdfc Infrastructure Fund...................................................................... 12 HDFC Dynamic Debt Fund..................................................................... 40
Hdfc Balanced Advantage Fund........................................................... 13-14 Hdfc Income Fund............................................................................... 41
HDFC Hybrid Equity Fund...................................................................... 15-16 Hdfc Medium Term Debt Fund............................................................. 42
Hdfc Multi-Asset Fund......................................................................... 17-18 Hdfc Short Term Debt Fund.................................................................. 43
Hdfc Nifty 50 Etf............................................................................... 19 Hdfc Low Duration Fund...................................................................... 44
Hdfc Index Fund - Nifty 50 Plan......................................................... 20 Hdfc Money Market Fund.................................................................... 45
Hdfc Sensex Etf................................................................................. 21 Hdfc Floating Rate Debt Fund.............................................................. 46
Hdfc Index Fund - Sensex Plan........................................................... 22 Hdfc Ultra Short Term Fund.................................................................. 47
Hdfc Liquid Fund................................................................................. 48-49
Tax Savings Hdfc Overnight Fund........................................................................... 50
Hdfc Taxsaver...................................................................................... 23
Performance details of schemes

CHILDren'S FUTURE managed by respective fund managers ................................................ 51
Hdfc Children’s Gift Fund .................................................................... 24-25 Scheme performance summary - Regular Plans .................................... 52-56
Scheme performance summary - Direct Plans ....................................... 57-65

RETIREMENT PLANNING Performance of Category I - FPI Portfolio .............................................. 65
Hdfc Retirement Savings Fund - Equity Plan......................................... 26 Dividend History .................................................................................. 66-67
Hdfc Retirement Savings Fund - Hybrid Equity Plan............................. 27 Disclaimer ............................................................................................ 68
Hdfc Retirement Savings Fund - Hybrid Debt Plan................................ 28
Goal Based Solutions

Wealth Creation These schemes aim to increase wealth over the long term by investing predominantly in equity instruments and are suitable for investors
with high risk appetite and relatively higher investment horizon.
Tax Savings This scheme is eligible to provide tax deduction under Section 80C and also aims to increase wealth over the long term. This is an ideal
solution for investors who would like to create wealth and save tax.
CHILDren'S FUTURE This scheme aims to help you achieve your specific financial goal of planning for child’s future expenses like higher education, etc.
retirement These schemes aim to help you achieve your specific financial goal of retirement planning.
planning
Regular Income These schemes aim to provide stable income and are ideal for investors with low to medium risk appetite who wish to receive regular
income to meet their periodic expenses.
Disclaimer: Investors are requested to note that the above goal based solutions should not be construed as financial planning solution/recommendation by the Fund/
AMC. It does not in any manner, indicate or imply either the quality of any particular Scheme or guarantee any specific performance/returns. Such solutions must be
tailored to investor’s individual situation and objectives and therefore, investors should consult their financial advisors to ascertain whether a product is suitable for them.

HDFC Equity Fund (An open ended equity scheme investing across large cap, mid cap & small cap stocks)
l investment objective Portfolio

To generate capital appreciation / income from a portfolio, Company Industry+ % to NAV Company Industry+ % to NAV
predominantly invested in equity & equity related instruments. Equity & Equity Related Time Technoplast Ltd. Industrial Products 0.54
There is no assurance that the investment objective of the • ICICI Bank Ltd. Banks 10.76 BEML Ltd. Industrial Capital Goods 0.53
Scheme will be realized.
• State Bank of India Banks 9.79 Simplex Infrastructures Ltd. Construction 0.52
l CATEGORY OF SCHEME: Multi-Cap Fund • Infosys Ltd. Software 9.09 Bharat Dynamics Limited Industrial Capital Goods 0.50
l Fund Manager § ¥ • Larsen & Toubro Ltd. Construction Project 8.31 Oriental Bank of Commerce Banks 0.33
Prashant Jain (since June 20, 03) • Reliance Industries Ltd. Petroleum Products 5.58 Reliance Nippon Life Asset
Total Experience: Over 27 years Management Ltd. Finance 0.22
• HDFC Bank Ltd. Banks 4.32
Ramco Systems Ltd. Software 0.21
l Inception Date (Date of Allotment) • ITC Ltd. Consumer Non Durables 3.92
RP-SG Business Process Services Software 0.18
January 1, 1995 • NTPC Ltd. Power 3.38
RP-SG Retail Ltd Retailing 0.17
• GAIL (India) Ltd. Gas 2.89
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Hindustan Construction
• Power Grid Corporation of Company Ltd. Construction Project 0.15
Regular Plan - Growth Option 611.252 India Ltd. Power 2.81
Regular Plan - Dividend Option 51.612 Avenue Supermarts Ltd. Retailing 0.06
Direct Plan - Growth Option 640.620 Tata Consultancy Services Ltd. Software 2.68
Sub Total 99.98
Direct Plan - Dividend Option 54.873 Bank of Baroda Banks 2.52
Preference Shares
aSSETS UNDER MANAGEMENT (`) IN CRORE Aurobindo Pharma Ltd. Pharmaceuticals 2.40
Zee Entertainment Enterprises Ltd. Media & Entertainment 0.02
As on October 31, 2018 20,133.27 Axis Bank Ltd. Banks 2.39 Sub Total 0.02
Average for Month of October, 2018 19,572.84 Tata Steel Ltd. Ferrous Metals 2.28 Total 100.00
CESC Ltd. Power 2.02 Cash, Cash Equivalents and Net Current Assets @
l quantitative data
Vedanta Ltd. Non - Ferrous Metals 1.87
Portfolio Turnover Ratio (Last 1 year) 27.15% Grand Total 100.00
Cipla Ltd. Pharmaceuticals 1.61
Risk Ratio • Top Ten Holdings, £ Co-sponsor, @ Less than 0.01%
n Standard Deviation 5.363% Power Finance Corporation Ltd. Finance 1.58
n Beta 1.140 Tata Chemicals Ltd. Chemicals 1.50
n Sharpe Ratio* 0.082 Housing Development Finance Industry Allocation of Equity Holding (% of Net Assets)
Computed for the 3-yr period ended October 31, 2018. Based on Corporation Ltd.£ Finance 1.43
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Banks 32.21
Balkrishna Industries Ltd. Auto Ancillaries 1.29 Software 14.01
Total Expense Ratio (As on October 31, 2018) Canara Bank Banks 1.23 Power 9.33
Including Additional Expenses and Goods and Service Tax Rural Electrification Construction Project 8.46
on Management Fees Corporation Ltd. Finance 1.21 Petroleum Products 6.79
Regular: 1.99% Direct: 1.19% Bharat Petroleum Finance 4.44
l #BENCHMARK INDEX: NIFTY 500 (Total Returns Index) Corporation Ltd. Petroleum Products 1.21 Pharmaceuticals 4.01
Kalpataru Power Consumer Non Durables 3.92
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Transmission Ltd. Power 1.12 Industrial Capital Goods 3.45
l Exit Load L&T Technology Services Ltd. Software 0.94 Gas 2.89
l In respect of each purchase / switch-in of Units, an Exit Load Siemens Ltd. Industrial Capital Goods 0.93 Ferrous Metals 2.28
of 1.00% is payable if Units are redeemed / switched-out Oracle Financial Services Non - Ferrous Metals 1.87
within 1 year from the date of allotment. Software Ltd. Software 0.91 Chemicals 1.50
l No Exit Load is payable if Units are redeemed / switched-out Container Corporation of Auto Ancillaries 1.29
after 1 year from the date of allotment. India Ltd. Transportation 0.90 Transportation 0.90
For further details, please refer to para ‘Exit Load’ on Pg 51. Praj Industries Ltd. Industrial Capital Goods 0.88 Pesticides 0.79
Punjab National Bank Banks 0.87 Minerals/Mining 0.55
l PlanS & Options
Industrial Products 0.54
Regular Plan, Direct Plan. Under Each Plan : Growth & UPL Ltd. Pesticides 0.79
Construction 0.52
Dividend. The Dividend Option offers Dividend Payout and CG Power & Industrial Industrial Capital
Reinvestment facility. Retailing 0.23
Solutions Ltd. Goods 0.61
Media & Entertainment 0.02
l Minimum Application Amount Coal India Ltd. Minerals/Mining 0.55
0 5 10 15 20 25 30 35
Purchase : ` 5,000 and any amount thereafter.
Additional Purchase : ` 1,000 and any amount thereafter.
SIP Performance^ - Regular Plan - Growth Option
l Redemption Proceeds Since Inception 15 year 10 year 5 year 3 year 1 year
Normally despatched within 3-4 Business Days. SIP SIP SIP SIP SIP SIP
§ Date of migration from Zurich India Mutual Fund (Close of business Total Amount Invested (` ‘000) 2,860.00 1,800.00 1,200.00 600.00 360.00 120.00
hours - June 19, 03). ¥ Dedicated Fund Manager for Overseas Mkt Value As on October 31, 2018 (` ‘000) 66,494.16 6,525.46 2,470.53 785.25 417.15 117.11
Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). Returns (Annualised) (%) 21.75 15.65 13.83 10.70 9.81 -4.43
Benchmark Returns (Annualised) (%) # 14.54 12.50 12.09 10.05 8.29 -10.19
Addl. Benchmark Ret. (Annualised) (%) ## 13.33 12.26 11.41 9.67 9.78 -3.97
This product is suitable for investors who are seeking ~ Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
l to generate long-term capital appreciation / income investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
l investment predominantly in equity & equity related Performance^ - Regular Plan - Growth Option
instruments Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Riskometer Returns Returns Benchmark Scheme (`) Benchmark Additional
(%) (%)# Returns (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year -2.79 -3.17 1.91 9,721 9,683 10,191
Oct 30, 15 Last 3 Years 10.66 10.39 10.22 13,560 13,459 13,396
Oct 31, 13 Last 5 Years 16.31 14.04 11.89 21,293 19,297 17,546
Jan 01, 95 Since Inception 18.82 11.34 10.78 611,252 129,696 114,973
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Prashant Jain, please
refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under
the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct
Investors understand that their principal will be at Plan, refer page no. 57. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using
moderately high risk composite CAGR of Nifty 50 PRI values from Jan 02, 95 (data for Jan 01, 95 is not available) to June 29, 99 and TRI values since June 30, 99.
~ Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified.
HDFC Capital Builder Value Fund (An open ended equity scheme following a value investment strategy)
This is a simple and performing scheme which is eligible for Portfolio

distribution by new cadre of distributors. Company Industry+ % to NAV Company Industry+ % to NAV
l investment objective Equity & Equity Related Coal India Ltd. Minerals/Mining 0.78
Voltas Ltd. Construction Project 0.74
To achieve capital appreciation/income in the long term by • HDFC Bank Ltd. Banks 8.82 Siti Networks Ltd. Media & Entertainment 0.68
primarily investing in undervalued stocks. • ITC Ltd. Consumer Non Durables 5.37 Repco Home Finance Ltd. Finance 0.64
There is no assurance that the investment objective of the • Reliance Industries Ltd. Petroleum Products 4.46 Spicejet Ltd. Transportation 0.58
Scheme will be realized. • Infosys Ltd. Software 3.62 Bharti Airtel Ltd. Telecom - Services 0.55
• Bharat Petroleum Cochin Shipyard Ltd. Industrial Capital Goods 0.52
l CATEGORY OF SCHEME: Value Fund Corporation Ltd. Petroleum Products 3.06 Entertainment Network
• GAIL (India) Ltd. Gas 3.03 (India) Ltd. Media & Entertainment 0.52
l Fund Manager ¥ • Indusind Bank Ltd. Banks 3.02 Wonderla Holidays Ltd. Hotels, Resorts & Other
Miten Lathia (since Mar 20, 17) • Axis Bank Ltd. Banks 2.99 Recreational Activities 0.49
Total Experience: Over 18 years • ICICI Bank Ltd. Banks 2.98 Sadbhav Infrastructure Project
(The scheme was co-managed by Miten Lathia with Chirag • Housing Development Ltd.(Corporate Guarantee of
Setalvad from May 10, 12 to March 19, 17) Finance Corporation Ltd.£ Finance 2.88 Sadbhav Engineering Ltd.) Construction Project 0.46
Vedanta Ltd. Non - Ferrous Metals 2.83 Dilip Buildcon Ltd. Construction 0.46
l Inception Date (Date of Allotment) Larsen & Toubro Ltd. Construction Project 2.78 Blue Star Ltd. Consumer Durables 0.44
Ambuja Cements Ltd. Cement 2.26 Bharat Dynamics Limited Industrial Capital Goods 0.42
February 1, 1994 Yes Bank Ltd. Banks 2.12 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.30
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Cipla Ltd. Pharmaceuticals 2.04 Matrimony.com Ltd. Services 0.23
NTPC Ltd. Power 2.00 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.22
Regular Plan - Growth Option 271.119 Kotak Mahindra Bank Ltd. Banks 1.78
Regular Plan - Dividend Option 26.347 Sub Total 95.77
Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.75 Cash margin 0.11
Direct Plan - Growth Option 284.705 Aurobindo Pharma Ltd. Pharmaceuticals 1.69
Direct Plan - Dividend Option 28.114 Cash, Cash Equivalents and Net Current Assets 4.12
NHPC Ltd. Power 1.52
Tata Steel Ltd. Ferrous Metals 1.43 Grand Total 100.00
aSSETS UNDER MANAGEMENT (`) IN CRORE
State Bank of India Banks 1.36 • Top Ten Holdings, £ Co-sponsor
As on October 31, 2018 3,729.58 Persistent Systems Ltd. Software 1.30
Average for Month of October, 2018 3,669.24 Wipro Ltd. Software 1.27
Apollo Tyres Ltd. Auto Ancillaries 1.22 Industry Allocation of Equity Holding (% of Net Assets)
l quantitative data General Insurance Corporation
Portfolio Turnover Ratio (Last 1 year) 27.13% of India Finance 1.16 Banks 23.07
Risk Ratio Bajaj Corp Ltd. Consumer Non Durables 1.16 Consumer Non Durables 9.09
n Standard Deviation VRL Logistics Ltd. Transportation 1.08 Software 8.00
4.810% Finance 7.66
n Beta 1.032 Inox Leisure Ltd. Media & Entertainment 1.03
n Sharpe Ratio* Trent Ltd. Retailing 1.03 Petroleum Products 7.52
0.084 Pharmaceuticals 6.77
Indostar Capital Finance Ltd. Finance 1.03
Computed for the 3-yr period ended October 31, 2018. Based on Max Financial Services Ltd. Finance 1.03 Construction Project 4.78
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Indoco Remedies Ltd. Pharmaceuticals 0.99 Power 3.52
Chambal Fertilizers & Media & Entertainment 3.13
Total Expense Ratio (As on October 31, 2018) Chemicals Ltd. Fertilisers 0.98 Gas 3.03
Including Additional Expenses and Goods and Service Tax Gujarat Pipavav Port Ltd. Transportation 0.97 Non - Ferrous Metals 2.83
on Management Fees Schaeffler India Ltd. Industrial Products 0.95 Transportation 2.63
Regular: 2.32% Direct: 0.92% Advanced Enzyme Cement 2.26
Technologies Ltd. Consumer Non Durables 0.94 Chemicals 1.76
l #BENCHMARK INDEX: NIFTY 500 (Total Returns Index) Ferrous Metals 1.43
Oracle Financial Services Auto Ancillaries
Software Ltd. Software 0.94 1.22
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Industrial Capital Goods 1.16
Bharat Financial Inclusion Ltd. Finance 0.92 Retailing 1.03
l Exit Load Tata Chemicals Ltd. Chemicals 0.90 Fertilisers 0.98
l In respect of each purchase / switch-in of Units, an Exit Zee Entertainment Industrial Products 0.95
Load of 1.00% is payable if Units are redeemed / switched- Enterprises Ltd. Media & Entertainment 0.90 Minerals/Mining 0.78
out within 1 year from the date of allotment. Newgen Software Telecom - Services 0.55
Technologies Ltd. Software 0.87 Hotels, Resorts & Other Recreational Activities 0.49
l No Exit Load is payable if Units are redeemed / switched- Solar Industries India Ltd. Chemicals 0.86
out after 1 year from the date of allotment. Construction 0.46
GlaxoSmithkline Consumer Consumer Durables 0.44
For further details, please refer to para ‘Exit Load’ on Pg 51. Healthcare Ltd. Consumer Non Durables 0.82 Services 0.23
S H Kelkar and Company Ltd. Consumer Non Durables 0.80
l PlanS & Options Ashoka Buildcon Ltd. Construction Project 0.80 0 5 10 15 20 25
Regular Plan, Direct Plan. Under Each Plan : Growth &
Dividend. The Dividend Option offers Dividend Payout and SIP Performance^ - Regular Plan - Growth Option
Reinvestment facility.
Since Inception 15 year 10 year 5 year 3 year 1 year
l Minimum Application Amount SIP SIP SIP SIP SIP SIP
Purchase : ` 5,000 and any amount thereafter. Total Amount Invested (` ‘000) 2,970.00 1,800.00 1,200.00 600.00 360.00 120.00
Additional Purchase : ` 1,000 and any amount thereafter. Mkt Value As on October 31, 2018 (` ‘000) 40,399.38 6,409.82 2,608.91 792.35 404.66 110.37
l Redemption Proceeds Returns (Annualised) (%) 17.58 15.44 14.85 11.07 7.74 -14.52
Normally despatched within 3-4 Business Days. Benchmark Returns (Annualised) (%) # 14.12 12.50 12.09 10.05 8.29 -10.19
¥ Dedicated Fund Manager for Overseas Investments:
Mr Rakesh Vyas (Total Experience: Over 14 years). Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are
computed after accounting for the cash flow by using XIRR method (investment internal rate of return). The above investment
simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
This product is suitable for investors who are seeking ~
Performance^ - Regular Plan - Growth Option
l to generate long-term capital appreciation / income in the
Date Period Scheme Benchmark Additional Value of ` 10,000 invested
long term Returns Returns Benchmark
l investment primarily in undervalued stocks (%) (%)# Returns Scheme (`) BenchmarkAdditional
(%) ## (`)#
Benchmark
Riskometer (`)##
Oct 31, 17 Last 1 Year -5.55 -3.17 1.91 9,445 9,683 10,191
Oct 30, 15 Last 3 Years 10.56 10.39 10.22 13,521 13,459 13,396
Oct 31, 13 Last 5 Years 17.05 14.04 11.89 21,981 19,297 17,546
Feb 01, 94 Since Inception 14.26 10.63 10.19 271,119 122,032 110,506
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Miten Lathia,
please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan
under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance
of Direct Plan, refer page no. 63. As TRI data is not available since inception of the scheme, benchmark performance is calculated using
Investors understand that their principal will be at composite CAGR of Nifty 500 PRI values from Feb 01, 94 to Dec 31, 94 and TRI values since Jan 01, 95. As TRI data is not available since
moderately high risk inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Feb 01, 94
to June 29, 99 and TRI values since June 30, 99.
about whether the product is suitable for them. ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
HDFC Top 100 Fund (An open ended equity scheme predominantly investing in large cap stocks)

To provide long-term capital appreciation/income by investing Company Industry+ % to NAV Company Industry+ % to NAV
predominantly in Large-Cap companies. Container Corporation of
Equity & Equity Related
There is no assurance that the investment objective of the India Ltd. Transportation 0.51
Scheme will be realized. • ICICI Bank Ltd. Banks 8.74
Siemens Ltd. Industrial Capital Goods 0.51
• State Bank of India Banks 8.23
l CATEGORY OF SCHEME: Large-Cap Fund Steel Authority of India Ltd. Ferrous Metals 0.51
• Infosys Ltd. Software 7.59
l Fund Manager § ¥ Union Bank of India Banks 0.50
• Reliance Industries Ltd. Petroleum Products 7.43
Prashant Jain (since June 20, 03) Indian Oil Corporation Ltd. Petroleum Products 0.36
Total Experience: Over 27 years NHPC Ltd. Power 0.30
• Larsen & Toubro Ltd. Construction Project 5.97
l Inception Date (Date of Allotment) RP-SG Business Process
• ITC Ltd. Consumer Non Durables 5.39 Services Software 0.12
October 11, 1996 • NTPC Ltd. Power 4.16 RP-SG Retail Ltd Retailing 0.11
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Tata Consultancy Services Ltd. Software 3.50 Lupin Ltd. Pharmaceuticals 0.04
Regular Plan - Growth Option 451.384 • Axis Bank Ltd. Banks 3.31 LIC Housing Finance Ltd. Finance 0.04
Regular Plan - Dividend Option 49.903 Housing Development Finance Sub Total 99.68
Direct Plan - Growth Option 469.322 Corporation Ltd. £ Finance 2.82
Direct Plan - Dividend Option 52.497 Preference Shares
Power Grid Corporation of
India Ltd. Power 2.72 Zee Entertainment Enterprises Ltd. Media & Entertainment 0.02
Sub Total 0.02
As on October 31, 2018 14,698.92 Coal India Ltd. Minerals/Mining 2.18
Average for Month of October, 2018 14,331.57 Aurobindo Pharma Ltd. Pharmaceuticals 1.96 Total 99.70
l quantitative data Hindustan Petroleum Cash, Cash Equivalents and Net Current Assets 0.30
Portfolio Turnover Ratio (Last 1 year) 25.49% Corporation Ltd. Petroleum Products 1.93
Grand Total 100.00
Tata Steel Ltd. Ferrous Metals 1.70
Risk Ratio • Top Ten Holdings, £ Co-sponsor
n Standard Deviation 4.933% Power Finance Corporation Ltd. Finance 1.69
n Beta 1.095
n Sharpe Ratio*
GAIL (India) Ltd. Gas 1.66
0.092
Computed for the 3-yr period ended October 31, 2018. Based on Tata Chemicals Ltd. Chemicals 1.51
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Vedanta Ltd. Non - Ferrous Metals 1.48 Industry Allocation of Equity Holding (% of Net Assets)
Total Expense Ratio (As on October 31, 2018) CESC Ltd. Power 1.33
Including Additional Expenses and Goods and Service Tax Banks 30.64
on Management Fees Rural Electrification
Software 13.95
Regular: 2.11% Direct: 1.38% Corporation Ltd. Finance 1.20 Petroleum Products 10.72
l #BENCHMARK INDEX: NIFTY 100 (Total Returns Index) Canara Bank Banks 1.17 Power 8.51
Bank of Baroda Banks 1.07 Construction Project 5.97
l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Finance 5.75
Returns Index) Bharat Petroleum
Corporation Ltd. Petroleum Products 1.00 Consumer Non Durables 5.39
l Exit Load Oil & Natural Gas Corporation Ltd. Oil 0.99 Pharmaceuticals 3.25
l In respect of each purchase / switch-in of Units, an Exit UPL Ltd. Pesticides 0.84 Ferrous Metals 2.21
Load of 1.00% is payable if Units are redeemed / switched-
out within 1 year from the date of allotment. Bharat Electronics Ltd. Industrial Capital Goods 0.78 Minerals/Mining 2.18
l No Exit Load is payable if Units are redeemed / switched- Bank of India Banks 0.75 Non - Ferrous Metals 2.10
out after 1 year from the date of allotment. HCL Technologies Ltd. Software 0.74 Industrial Capital Goods 1.99
For further details, please refer to para ‘Exit Load’ on Pg 51. Ambuja Cements Ltd. Cement 0.72 Gas 1.66
l PlanS & Options Oracle Financial Services Chemicals 1.51
Regular Plan, Direct Plan. Under Each Plan : Growth & Software Ltd. Software 0.71 Oil 0.99
Dividend. The Dividend Option offers Dividend Payout and ABB India Ltd. Industrial Capital Goods 0.70 Pesticides 0.84
Reinvestment facility. Avenue Supermarts Ltd. Retailing 0.68 Retailing 0.79
l Minimum Application Amount Tech Mahindra Ltd. Software 0.67 Cement 0.72
Purchase : ` 5,000 and any amount thereafter. Wipro Ltd. Software 0.62 Transportation 0.51
Additional Purchase : ` 1,000 and any amount thereafter. Hindalco Industries Ltd. Non - Ferrous Metals 0.62 Media & Entertainment 0.02
l Redemption Proceeds Punjab National Bank Banks 0.53
0 5 10 15 20 25 30 35
Normally despatched within 3-4 Business Days.
l Segment-wise break-up SIP Performance^ - Regular Plan - Growth Option
of equity holding (% of net assets) Since Inception 15 year 10 year 5 year 3 year 1 year
Large Cap 89.74% SIP SIP SIP SIP SIP SIP
Mid Cap 9.71% Total Amount Invested (` ‘000) 2,650.00 1,800.00 1,200.00 600.00 360.00 120.00
Small Cap 0.23%
Mkt Value As on October 31, 2018 (` ‘000) $$ 35,189.41 6,252.72 2,355.39 784.03 420.09 118.95
§ Date of migration from Zurich India Mutual Fund (Close of Returns (Annualised) (%) $$ 19.73 15.16 12.94 10.64 10.29 -1.62
business hours - June 19, 03). Benchmark Returns (Annualised) (%) # N.A. 12.84 12.13 10.07 9.42 -6.06
Mr Rakesh Vyas (Total Experience: Over 14 years). Addl. Benchmark Ret. (Annualised) (%) ## 14.11 12.58 11.66 10.01 10.92 -1.80
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
l to generate long-term capital appreciation / income
l investment predominantly in Large-Cap companies Returns Returns Benchmark Scheme (`) Benchmark Additional
Riskometer (%) $$ (%)# Returns $$ (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year -1.57 0.09 4.91 9,843 10,009 10,491
Oct 30, 15 Last 3 Years 11.17 10.53 10.33 13,746 13,511 13,436
Oct 31, 13 Last 5 Years 14.80 12.91 11.75 19,948 18,360 17,430
Oct 11, 96 Since Inception 19.92 N.A. 13.29 550,376 N.A. 157,003
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. $$ All dividends declared prior to the splitting
of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV
(ex-dividend NAV). For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan
and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the
Investors understand that their principal will be at distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57.
moderately high risk
(An open ended equity scheme predominantly
HDFC Mid Cap Opportunities Fund investing in mid cap stocks)

To provide long-term capital appreciation/income by investing Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
predominantly in Mid-Cap companies. Union Bank of India Banks 0.68
There is no assurance that the investment objective of the Equity & Equity Related
Scheme will be realized. • Balkrishna Industries Ltd. Auto Ancillaries 4.36 Grindwell Norton Ltd. Industrial Products 0.64
• Sundram Fasteners Ltd. Auto Ancillaries 4.01 Cummins India Ltd. Industrial Products 0.61
l CATEGORY OF SCHEME: Mid Cap Fund • Cholamandalam Investment Greenply Industries Ltd. Consumer Durables 0.53
and Finance Company Ltd. Finance 3.88 Bata India Ltd. Consumer Durables 0.49
l Fund Manager ¥ • Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.93 Symphony Ltd. Consumer Durables 0.47
Chirag Setalvad (since June 25, 07) • Voltas Ltd. Construction Project 2.92 Vesuvius India Ltd. Industrial Products 0.46
Total Experience: Over 21 years • City Union Bank Ltd. Banks 2.78 Gujarat Fluorochemicals Ltd. Industrial Capital Goods 0.44
l Inception Date (Date of Allotment) • Aarti Industries Ltd. Chemicals 2.76 Persistent Systems Ltd. Software 0.43
• Exide Industries Ltd. Auto Ancillaries 2.66 Thermax Ltd. Industrial Capital Goods 0.42
June 25, 2007 Mahindra Holidays & Resorts Hotels, Resorts & Other
• RBL Bank Ltd. Banks 2.64
• Tata Chemicals Ltd. Chemicals 2.62 India Ltd. Recreational Activities 0.40
NAV (As on OCTOBER 31, 2018) NAV per Unit (`)
The Indian Hotels Company Ltd. Hotels, Resorts & Other Vardhman Textiles Ltd. Textiles - Cotton 0.36
Regular Plan - Growth Option 51.386 Recreational Activities 2.50 Strides Pharma Science Ltd. Pharmaceuticals 0.24
Regular Plan - Dividend Option 28.797
Direct Plan - Growth Option 54.022 Hexaware Technologies Ltd. Software 2.29 Dhanuka Agritech Ltd. Pesticides 0.19
Direct Plan - Dividend Option 34.732 AIA Engineering Ltd. Industrial Products 2.10 Capital First Ltd. Finance 0.10
Arvind Ltd. Textile Products 2.10 Aurobindo Pharma Ltd. Pharmaceuticals @
aSSETS UNDER MANAGEMENT (`) IN CRORE Apollo Tyres Ltd. Auto Ancillaries 2.05 Aditya Birla Nuvo Ltd. Services @
As on October 31, 2018 19,702.49 Trent Ltd. Retailing 2.03 Sub Total 94.14
Average for Month of October, 2018 19,064.60 Crompton Greaves Consumer Preference Shares
Electricals Ltd. Consumer Durables 1.99 Zee Entertainment Enterprises Ltd. Media & Entertainment 0.01
l quantitative data Carborundum Universal Ltd. Industrial Products 1.87 Sub Total 0.01
Portfolio Turnover Ratio (Last 1 year) 41.22% SKF India Ltd. Industrial Products 1.87 Total 94.15
Risk Ratio TI Financial Holdings Ltd. Finance 1.83 Cash, Cash Equivalents and Net Current Assets 5.85
n Standard Deviation 5.076% Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.79
n Beta 0.873 Grand Total 100.00
n Sharpe Ratio* 0.090 MRF Ltd. Auto Ancillaries 1.71
Computed for the 3-yr period ended October 31, 2018. Based on Max Financial Services Ltd. Finance 1.70 • Top Ten Holdings, @ Less than 0.01%
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Indian Bank Banks 1.69
The Federal Bank Ltd. Banks 1.68
Total Expense Ratio (As on October 31, 2018) VST Industries Ltd. Consumer Non Durables 1.68 Industry Allocation of Equity Holding (% of Net Assets)
Including Additional Expenses and Goods and Service Tax Divi's Laboratories Ltd. Pharmaceuticals 1.61 Auto Ancillaries 15.95
on Management Fees Whirlpool of India Ltd. Consumer Durables 1.54
Regular: 2.28% Direct: 1.08% Banks 11.10
Atul Ltd. Chemicals 1.44
Edelweiss Financial Services Ltd. Finance 1.43 Finance 9.98
l #BENCHMARK INDEX: NIFTY Midcap 100 (Total Returns Index) Industrial Products 9.60
KEC International Ltd. Construction Project 1.30
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) IPCA Laboratories Ltd. Pharmaceuticals 1.29 Pharmaceuticals 7.86
l Exit Load NIIT Technologies Ltd. Software 1.24 Chemicals 7.84
Tube Investments of India Ltd. Auto Ancillaries 1.16
l In respect of each purchase / switch-in of Units, an Exit Consumer Durables 6.61
Load of 1.00% is payable if Units are redeemed / switched- Larsen & Toubro Infotech Ltd. Software 1.15
out within 1 year from the date of allotment. Supreme Industries Ltd. Industrial Products 1.14 Software 5.11
l No Exit Load is payable if Units are redeemed / switched- Reliance Nippon Life Asset Construction Project 4.22
out after 1 year from the date of allotment. Management Ltd. Finance 1.04
Hotels, Resorts & Other Recreational Activities 3.62
Solar Industries India Ltd. Chemicals 1.02
For further details, please refer to para ‘Exit Load’ on Pg 51. Textile Products 2.10
Jagran Prakashan Ltd. Media & Entertainment 0.94
l PlanS & Options Schaeffler India Ltd. Industrial Products 0.91 Retailing 2.03
Regular Plan, Direct Plan. Under Each Plan : Growth & Karur Vysya Bank Ltd. Banks 0.90 Media & Entertainment 1.80
Dividend. The Dividend Option offers Dividend Payout and KNR Constructions Ltd. Construction 0.86 Construction 1.68
Reinvestment facility. Navneet Education Ltd. Media & Entertainment 0.85
Greenlam Industries Ltd. Consumer Durables 0.83 Consumer Non Durables 1.68
l Minimum Application Amount Dilip Buildcon Ltd. Construction 0.82 Industrial Capital Goods 0.86
Purchase : ` 5,000 and any amount thereafter. Oil India Ltd. Oil 0.80 Oil 0.80
Additional Purchase : ` 1,000 and any amount thereafter. Redington (India) Ltd. Transportation 0.76 Transportation 0.76
l Redemption Proceeds Blue Star Ltd. Consumer Durables 0.76
Punjab National Bank Banks 0.73 Textiles - Cotton 0.36
Normally despatched within 3-4 Business Days. Delta Corp Ltd. Hotels, Resorts & Other Pesticides 0.19
Recreational Activities 0.72
l Segment-wise break-up 0 2 4 6 8 1012141618
of equity holding (% of net assets)
Large Cap 1.71% SIP Performance^ - Regular Plan - Growth Option
Mid Cap 64.98% Since Inception 10 year 5 year 3 year 1 year
Small Cap 27.43%
SIP SIP SIP SIP SIP
Mr Rakesh Vyas (Total Experience: Over 14 years). Total Amount Invested (` ‘000) 1,370.00 1,200.00 600.00 360.00 120.00
Mkt Value As on October 31, 2018 (` ‘000) 4,151.03 3,282.22 821.25 392.56 108.15
Returns (Annualised) (%) 18.19 19.11 12.51 5.71 -17.77
This product is suitable for investors who are seeking ~ Benchmark Returns (Annualised) (%) # 13.33 14.27 11.24 5.03 -18.90
Addl. Benchmark Ret. (Annualised) (%) ## 10.68 11.41 9.67 9.78 -3.97
l to generate long-term capital appreciation / income Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
l investment predominantly in Mid-Cap companies after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
Riskometer
Returns Returns Benchmark
(%) (%)# Returns Scheme (`) Benchmark Additional
(%) ## (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year -8.71 -11.31 1.91 9,129 8,869 10,191
Oct 30, 15 Last 3 Years 11.06 10.33 10.22 13,705 13,436 13,396
Oct 31, 13 Last 5 Years 22.89 19.27 11.89 28,046 24,151 17,546
Investors understand that their principal will be at Jun 25, 07 Since Inception 15.50 11.44 9.46 51,386 34,208 27,910
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad, please
~ Investors should consult their financial advisers if in doubt refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme
about whether the product is suitable for them. will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57.
HDFC Small Cap Fund (An open ended equity scheme predominantly investing in small cap stocks)

To provide long-term capital appreciation /income by investing Company Industry+ % to NAV Company Industry+ % to NAV
predominantly in Small-Cap companies.
There is no assurance that the investment objective of the Equity & Equity Related Sadbhav Engineering Ltd. Construction Project 0.51
Scheme will be realized. Allahabad Bank Banks 0.50
• Aurobindo Pharma Ltd. Pharmaceuticals 4.51 IFGL Refractories Ltd. Industrial Products 0.47
l CATEGORY OF SCHEME: Small Cap Fund • NIIT Technologies Ltd. Software 4.11 Taj GVK Hotels & Resorts Ltd. Hotels, Resorts & Other
• Chambal Fertilizers & Recreational Activities 0.40
l Fund Manager § ¥ Chemicals Ltd. Fertilisers 3.38 Swaraj Engines Ltd. Industrial Products 0.40
Chirag Setalvad (since June 28, 14) • Sharda Cropchem Ltd. Pesticides 3.28 Everest Industries Ltd. Cement 0.37
Total Experience: Over 21 years • Sonata Software Ltd. Software 2.97 V.S.T Tillers Tractors Ltd. Auto 0.36
• Indian Bank Banks 2.73 D.B.Corp Ltd. Media & Entertainment 0.36
l Inception Date (Date of Allotment) • Firstsource Solutions Ltd Software 2.53 Unichem Laboratories Ltd. Pharmaceuticals 0.28
April 3, 2008 • TV Today Network Ltd. Media & Entertainment 2.42 Banco Products (I) Ltd. Auto Ancillaries 0.26
• SKF India Ltd. Industrial Products 2.37 Amber Enterprises India Ltd. Consumer Durables 0.23
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Vijaya Bank Banks 2.18 Garware Wall Ropes Ltd. Textile Products 0.23
Regular Plan - Growth Option 41.735 Vardhman Textiles Ltd. Textiles - Cotton 2.09 Time Technoplast Ltd. Industrial Products 0.22
Regular Plan - Dividend Option 24.627 KEC International Ltd. Construction Project 2.07 Greenply Industries Ltd. Consumer Durables 0.22
Direct Plan - Growth Option 44.410 Atul Ltd. Chemicals 1.96 Sarla Performance Fibers Ltd. Textiles - Synthetic 0.20
Direct Plan - Dividend Option 28.434 Inox Leisure Ltd. Media & Entertainment 1.91 Titagarh Wagons Ltd. Industrial Capital Goods 0.19
Gujarat Fluorochemicals Ltd. Industrial Capital Goods 1.91 CG Power & Industrial
aSSETS UNDER MANAGEMENT (`) IN CRORE EIH Ltd. Hotels, Resorts & Other Solutions Ltd. Industrial Capital Goods 0.19
As on October 31, 2018 5,319.99 Recreational Activities 1.88 Mold-Tek Packaging Ltd. Industrial Products 0.15
Average for Month of October, 2018 5,033.68 Nilkamal Ltd. Industrial Products 1.88 Gabriel India Ltd. Auto Ancillaries 0.15
Carborundum Universal Ltd. Industrial Products 1.86 Corporation Bank Banks 0.12
l quantitative data Tata Metaliks Ltd. Ferrous Metals 1.82
Portfolio Turnover Ratio (Last 1 year) 19.36% Yes Bank Ltd. Banks @
Great Eastern Shipping Sub Total 85.03
Risk Ratio Company Ltd. Transportation 1.80 Cash margin 0.35
n Standard Deviation 5.274% Advanced Enzyme Consumer Non Cash, Cash Equivalents and Net Current Assets 14.62
n Beta 0.647 Technologies Ltd. Durables 1.56
n Sharpe Ratio* 0.167 Power Mech Projects Ltd. Construction Project 1.47 Grand Total 100.00
Computed for the 3-yr period ended October 31, 2018. Based on Finolex Industries Ltd. Industrial Products 1.46
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) The Indian Hotels Company Ltd. Hotels, Resorts & Other • Top Ten Holdings, @ Less than 0.01%
Total Expense Ratio (As on October 31, 2018) Recreational Activities 1.41
Including Additional Expenses and Goods and Service Tax Mcleod Russel India Ltd. Consumer Non Durables 1.29 Industry Allocation of Equity Holding (% of Net Assets)
on Management Fees KEI Industries Ltd. Industrial Products 1.26
NRB Bearing Ltd. Industrial Products 1.22 Industrial Products 13.29
Regular: 2.11% Direct: 0.66% Tube Investments of India Ltd. Auto Ancillaries 1.18 Software 10.61
l #BENCHMARK INDEX: NIFTY Smallcap 100 (Total Returns Index) Kalpataru Power Banks 6.93
Transmission Ltd. Power 1.18 Pharmaceuticals 5.44
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Orient Refractories Ltd. Industrial Products 1.17 Media & Entertainment 5.40
l Exit Load Shaily Engineering Plastics Ltd. Industrial Capital Goods 1.11 Industrial Capital Goods 4.69
LG Balakrishnan & Bros Ltd. Auto Ancillaries 1.10
l In respect of each purchase / switch-in of Units, an Exit Hotels, Resorts & Other Recreational Activities 4.49
Load of 1.00% is payable if Units are redeemed / switched- Oriental Carbon & Chemicals Ltd. Chemicals 1.08
Construction Project 4.05
out within 1 year from the date of allotment. PNC Infratech Ltd. Construction 1.04
Redington (India) Ltd. Transportation 1.04 Auto Ancillaries 3.94
l No Exit Load is payable if Units are redeemed / switched- Pesticides 3.79
out after 1 year from the date of allotment. eClerx Services Ltd. Software 1.00
Vesuvius India Ltd. Industrial Products 0.83 Chemicals 3.61
For further details, please refer to para ‘Exit Load’ on Pg 51. Fertilisers 3.38
Lemon Tree Hotels Ltd. Hotels, Resorts & Other
l PlanS & Options Recreational Activities 0.80 Consumer Non Durables 2.85
Atul Auto Ltd. Auto 0.78 Transportation 2.84
Regular Plan, Direct Plan. Under Each Plan : Growth & Textiles - Cotton
Dividend. The Dividend Option offers Dividend Payout and Oriental Bank of Commerce Banks 0.78 2.09
Reinvestment facility. Apar Industries Ltd. Industrial Capital Goods 0.74 Ferrous Metals 1.82
GNA Axles Ltd. Auto Ancillaries 0.72 Power 1.18
l Minimum Application Amount Jagran Prakashan Ltd. Media & Entertainment 0.71 Auto 1.14
Greenlam Industries Ltd. Consumer Durables 0.69 Consumer Durables 1.14
Purchase : ` 5,000 and any amount thereafter. Construction
Additional Purchase : ` 1,000 and any amount thereafter. Merck Ltd. Pharmaceuticals 0.65 1.04
The Federal Bank Ltd. Banks 0.62 Finance 0.51
l Redemption Proceeds Fine Organic Industries Limited Chemicals 0.57 Cement 0.37
Normally despatched within 3-4 Business Days. Kirloskar Ferrous Industries Ltd Industrial Capital Goods 0.55 Textile Products 0.23
Goodyear India Ltd. Auto Ancillaries 0.53 Textiles - Synthetic 0.20
l Segment-wise break-up TI Financial Holdings Ltd. Finance 0.51 0 2 4 6 8 10 12 14
of equity holding (% of net assets) Insecticides (India) Ltd. Pesticides 0.51
Large Cap 4.51%
Mid Cap 7.16% SIP Performance^ - Regular Plan - Growth Option
Small Cap 73.35% Since Inception 10 year 5 year 3 year 1 year
§ Date of migration from Morgan Stanley Mutual Fund (Close SIP SIP SIP SIP SIP
of business hours - June 27, 14)
¥ Dedicated Fund Manager for Overseas Investments: Total Amount Invested (` ‘000) 1,270.00 1,200.00 600.00 360.00 120.00
Mr Rakesh Vyas (Total Experience: Over 14 years). Mkt Value As on October 31, 2018 (` ‘000) 3,303.59 2,992.71 909.45 444.83 112.07
Benchmark Returns (Annualised) (%) # 9.57 9.95 4.33 -4.33 -39.14
This product is suitable for investors who are seeking ~ Addl. Benchmark Ret. (Annualised) (%) ## 11.20 11.41 9.67 9.78 -3.97
l to generate long-term capital appreciation / income Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
l investment predominantly in Small-Cap companies investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
Riskometer Performance^ - Regular Plan - Growth Option
(%) (%)# Returns Scheme (`) Benchmark
Additional
(%) ## (`)#
Benchmark
(`)##
Oct 31, 17 Last 1 Year 0.42 -28.39 1.91 10,042 7,161 10,191
Oct 30, 15 Last 3 Years 16.63 5.17 10.22 15,877 11,637 13,396
Oct 31, 13 Last 5 Years 20.73 15.80 11.89 25,664 20,831 17,546
Investors understand that their principal will be at Apr 03, 08 Since Inception 14.45 6.15 8.94 41,735 18,813 24,754
moderately high risk Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad,
~ Investors should consult their financial advisers if in doubt please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan
about whether the product is suitable for them. under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
Direct Plan, refer page no. 57.
(An open ended equity scheme investing in both large cap and mid
HDFC Growth Opportunities Fund cap stocks)

To generate long term capital appreciation/income from
a portfolio, predominantly invested in equity and equity Company Industry+ % to Company Industry+ % to
related instruments. NAV NAV
There is no assurance that the investment objective of the
Scheme will be realized. Equity & Equity Related NLC India Ltd. Power 0.73
• NTPC Ltd. Power 8.58 Reliance Nippon Life Asset
l CATEGORY OF SCHEME: Large & Mid Cap Fund Management Ltd. Finance 0.73
• State Bank of India Banks 8.15
l Fund Manager § ¥ NBCC (India) Ltd. Construction 0.59
Vinay Kulkarni (since June 28, 14) Dilip Buildcon Ltd. Construction 0.57
• ICICI Bank Ltd. Banks 7.00
Total Experience: Over 29 years Indian Bank Banks 0.49
• ITC Ltd. Consumer Non Durables 5.57
l Inception Date (Date of Allotment) Shriram Transport Finance
• GAIL (India) Ltd. Gas 4.15 Company Ltd. Finance 0.48
February 18, 1994 • Reliance Industries Ltd. Petroleum Products 3.25 The Federal Bank Ltd. Banks 0.48
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • HDFC Bank Ltd. Banks 2.93 Tata Steel Ltd. Ferrous Metals 0.46
Regular Plan - Growth Option 105.687 • Bharat Petroleum RBL Bank Ltd. Banks 0.22
Regular Plan - Dividend Option 20.006 Corporation Ltd. Petroleum Products 2.48 Larsen & Toubro Ltd. Construction Project 0.16
Direct Plan - Growth Option 106.734 • The Indian Hotels Company Ltd. Hotels, Resorts & Other
Direct Plan - Dividend Option 22.882 Yes Bank Ltd. Banks 0.16
TV18 Broadcast Ltd. Media & Entertainment 0.09
aSSETS UNDER MANAGEMENT (`) IN CRORE Tata Chemicals Ltd. Chemicals 1.94
RP-SG Business Process
As on October 31, 2018 1,206.43 Tata Motors Ltd. DVR Auto 1.88 Services Software 0.07
Average for Month of October, 2018 1,180.72 NHPC Ltd. Power 1.87 RP-SG Retail Ltd Retailing 0.07
l quantitative data Blue Dart Express Ltd. Transportation 1.86 Sub Total 98.82
Vedanta Ltd. Non - Ferrous Metals 1.82 Cash, Cash Equivalents and Net Current Assets 1.18
Portfolio Turnover Ratio (Last 1 year) 71.45%
Tata Global Beverages Ltd. Consumer Non Durables 1.81
Risk Ratio Grand Total 100.00
n Standard Deviation 4.430% Max Financial Services Ltd. Finance 1.74
n Beta 0.928 Apollo Tyres Ltd. Auto Ancillaries 1.63 • Top Ten Holdings
n Sharpe Ratio* 0.029 Prestige Estates Projects Ltd. Construction 1.63
Computed for the 3-yr period ended October 31, 2018. Based on Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.60 Industry Allocation of Equity Holding (% of Net Assets)
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) GlaxoSmithkline Consumer Consumer Non Banks 20.26
Total Expense Ratio (As on October 31, 2018) Healthcare Ltd. Durables 1.58 Power 13.77
Including Additional Expenses and Goods and Service Tax Oil India Ltd. Oil 1.55
on Management Fees Software 9.44
Exide Industries Ltd. Auto Ancillaries 1.54 Consumer Non Durables 8.96
Regular: 2.41% Direct: 2.29% Divi's Laboratories Ltd. Pharmaceuticals 1.54 Petroleum Products 8.45
l #BENCHMARK INDEX: NIFTY Large Midcap 250 Castrol India Ltd. Petroleum Products 1.46
Gas 7.09
(Total Returns Index) Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.37
Pharmaceuticals 4.51
l ##addl. BENCHMARK INDEX: S&P BSE Sensex (Total Info Edge (India) Ltd. Software 1.31
Returns Index) Construction 3.81
Hindustan Petroleum
Corporation Ltd. Petroleum Products 1.26 Auto Ancillaries 3.17
l Exit Load
Trent Ltd. Retailing 1.25 Finance 2.95
l In respect of each purchase / switch-in of Units, an Exit
Load of 1.00% is payable if Units are redeemed / switched- Indraprastha Gas Ltd. Gas 1.11 Chemicals 2.90
out within 1 year from the date of allotment. Engineers India Ltd. Construction Project 1.10 Hotels, Resorts & Other Recreational Activities 2.40
l No Exit Load is payable if Units are redeemed / switched- Gujarat State Petronet Ltd. Gas 1.05 Auto 1.88
out after 1 year from the date of allotment. Transportation 1.86
Kajaria Ceramics Ltd. Construction 1.02
For further details, please refer to para ‘Exit Load’ on Pg 51. Non - Ferrous Metals
Reliance Power Ltd. Power 1.01 1.82
l PlanS & Options Solar Industries India Ltd. Chemicals 0.96 Oil 1.55
Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The V-Guard Industries Ltd. Industrial Capital Goods 0.87 Retailing 1.32
Dividend Option offers Dividend Payout and Reinvestment facility. Canara Bank Banks 0.83 Construction Project 1.26
l Minimum Application Amount CESC Ltd. Power 0.81 Industrial Capital Goods 0.87
Purchase : ` 5,000 and any amount thereafter. Mahanagar Gas Ltd. Gas 0.78 Ferrous Metals 0.46
Additional Purchase : ` 1,000 and any amount thereafter. Power Grid Corporation of Media & Entertainment 0.09
l Redemption Proceeds India Ltd. Power 0.77
0 5 10 15 20 25
l Segment-wise break-up SIP Performance^ - Regular Plan - Growth Option
of equity holding (% of net assets) Since Inception 10 year 5 year 3 year 1 year
Large Cap 57.17% SIP SIP SIP SIP SIP
Mid Cap 36.02% Total Amount Invested (` ‘000) 1,260.00 1,200.00 600.00 360.00 120.00
Small Cap 5.63%
Mkt Value As on October 31, 2018 (` ‘000) $$ 2,029.15 1,898.09 705.85 393.89 114.76
§ Date of migration from Morgan Stanley Mutual Fund (Close
of business hours - June 27, 14) Returns (Annualised) (%) $$ 8.76 8.87 6.43 5.93 -7.99
¥ Dedicated Fund Manager for Overseas Investments: Benchmark Returns (Annualised) (%) # 14.02 14.26 11.91 8.75 -12.11
Mr Rakesh Vyas (Total Experience: Over 14 years). Addl. Benchmark Ret. (Annualised) (%) ## 11.49 11.66 10.01 10.92 -1.80
This product is suitable for investors who are seeking ~ investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
l to generate long-term capital appreciation/income

l investment predominantly in Large Cap and Mid Cap Date Period Scheme Benchmark Additional Value of ` 10,000 invested
companies (%) $$ (%)# Returns Scheme (`) Benchmark Additional
(%) ## $$ (`)#Benchmark
Riskometer (`)##
Oct 31, 17 Last 1 Year -4.47 -4.39 4.91 9,553 9,561 10,491
Oct 30, 15 Last 3 Years 7.23 11.58 10.33 12,336 13,900 13,436
Oct 31, 13 Last 5 Years 9.29 17.47 11.75 15,599 22,378 17,430
Feb 18, 94 Since Inception 10.55 N.A. 10.82 119,215 N.A. 126,813
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. The Scheme, formerly a large cap fund, has
undergone change in Fundamental attributes w.e.f. May 23, 2018 and become a Large and Mid-cap Fund. Accordingly, the Scheme’s
benchmark has also changed. Hence, the past performance of the Scheme may not strictly be comparable with that of the new benchmark.
$$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units
Investors understand that their principal will be at of the Scheme at the then prevailing NAV. For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different
plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower
moderately high risk to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. As
TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of S&P BSE
~ Investors should consult their financial advisers if in doubt Sensex PRI values from Feb 18, 94 to Aug 18, 96 and TRI values since Aug 19, 96.
HDFC Focused 30 Fund An open ended equity scheme investing in maximum 30 stocks
in large-cap, mid-cap and small-cap category (i.e. Multi-Cap)

To generate long term capital appreciation/income by Company Industry+ / Rating % to Company Industry+ / Rating % to
investing in equity & equity related instruments of up to NAV NAV
30 companies.
There is no assurance that the investment objective of the Equity & Equity Related RP-SG Business Process Services Software 0.20
l CATEGORY OF SCHEME: Focused Fund • Infosys Ltd. Software 8.29
Sub Total 97.73
¥ • NTPC Ltd. Power 7.64
l Fund Manager
• ICICI Bank Ltd. Banks 7.51 Debt & Debt Related
Vinay Kulkarni (since November 21, 06)
Total Experience: Over 29 years • State Bank of India Banks 7.30 Credit Exposure
l Inception Date (Date of Allotment) • HDFC Bank Ltd. Banks 6.83 Au Small Finance Bank Ltd. FITCH - AA- 0.89
September 17, 2004 Sub Total 0.89
• ITC Ltd. Consumer Non Durables 5.83
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Tata Steel Ltd. Ferrous Metals 5.56 Cash, Cash Equivalents and Net Current Assets 1.38
Regular Plan - Growth Option 72.666
Regular Plan - Dividend Option 17.440 • Vedanta Ltd. Non - Ferrous Metals 4.58 Grand Total 100.00
Direct Plan - Growth Option 76.394 • NHPC Ltd. Power 4.00
Direct Plan - Dividend Option 18.846 • Top Ten Holdings
• GAIL (India) Ltd. Gas 3.34
As on October 31, 2018 447.59 Hindustan Petroleum
Average for Month of October, 2018 444.81 Corporation Ltd. Petroleum Products 3.00 Industry Allocation of Equity Holding (% of Net Assets)
KEC International Ltd. Construction Project 2.86
l quantitative data Banks 23.59
Portfolio Turnover Ratio (Last 1 year) 39.83% Elecon Engineering Co. Ltd. Industrial Capital Goods 2.84
Power 16.13
Risk Ratio Bharat Electronics Ltd. Industrial Capital Goods 2.78
n Standard Deviation 5.221% Software 11.08
n Beta 1.037 Bharat Petroleum
n Sharpe Ratio* 0.028 Corporation Ltd. Petroleum Products 2.73 Industrial Capital Goods 8.26
Computed for the 3-yr period ended October 31, 2018. Based on Titagarh Wagons Ltd. Industrial Capital Goods 2.64 Consumer Non Durables 5.83
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR)
Wipro Ltd. Software 2.59 Petroleum Products 5.73
Total Expense Ratio (As on October 31, 2018)
Including Additional Expenses and Goods and Service Tax Gujarat Pipavav Port Ltd. Transportation 2.50 Ferrous Metals 5.56
on Management Fees Kalpataru Power Non - Ferrous Metals 4.58
Regular: 2.65% Direct: 1.68% Transmission Ltd. Power 2.32
Transportation 3.81
l #BENCHMARK INDEX: NIFTY 500 (Total Returns Index) CESC Ltd. Power 2.17
Gas 3.34
l ##addl. BENCHMARK INDEX: S&P BSE Sensex (Total Cipla Ltd. Pharmaceuticals 2.12
Returns Index) PNC Infratech Ltd. Construction 2.11 Construction Project 2.86
l Exit Load Axis Bank Ltd. Banks 1.95 Auto 2.55
l In respect of each purchase / switch-in of Units, an Exit Pharmaceuticals 2.12
Tata Motors Ltd. DVR Auto 1.75
out within 1 year from the date of allotment. Transport Corporation of Construction 2.11
l No Exit Load is payable if Units are redeemed / switched- India Ltd. Transportation 1.31
Retailing 0.18
out after 1 year from the date of allotment. Tata Motors Ltd. Auto 0.80
For further details, please refer to para ‘Exit Load’ on Pg 51. 0 5 10 15 20 25
l PlanS & Options
Regular Plan, Direct Plan. Under Each Plan : Growth & SIP Performance^ - Regular Plan - Growth Option
Dividend. The Dividend Option offers Dividend Payout and Since Inception 10 year 5 year 3 year 1 year
Reinvestment facility. SIP SIP SIP SIP SIP
l Minimum Application Amount Total Amount Invested (` ‘000) 1,700.00 1,200.00 600.00 360.00 120.00
Purchase : ` 5,000 and any amount thereafter. Mkt Value As on October 31, 2018 (` ‘000) 4,008.66 2,124.13 723.53 378.20 108.86
l Redemption Proceeds
Benchmark Returns (Annualised) (%) # 11.86 12.09 10.05 8.29 -10.19
Mr Rakesh Vyas (Total Experience: Over 14 years). Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
l investments in equity & equity related instruments of up to Returns Returns Benchmark
30 companies (%) (%)# Returns Scheme (`) Benchmark Additional
Riskometer (`)##
Oct 31, 17 Last 1 Year -10.38 -3.17 4.91 8,962 9,683 10,491
Oct 30, 15 Last 3 Years 6.98 10.39 10.33 12,247 13,459 13,436
Oct 31, 13 Last 5 Years 14.95 14.04 11.75 20,075 19,297 17,430
Sep 17, 04 Since Inception 15.07 14.97 15.40 72,666 71,770 75,635
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Vinay Kulkarni,
under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
Investors understand that their principal will be at Direct Plan, refer page no. 57.
HDFC Infrastructure Fund (An open-ended equity scheme following infrastructure theme)

To seek long-term capital appreciation/income by investing Company Industry+ % to NAV Company Industry+ % to NAV
predominantly in equity and equity related securities of
companies engaged in or expected to benefit from the growth Equity & Equity Related Corporation Bank Banks 0.54
and development of infrastructure. RP-SG Business Process Services Software 0.43
There is no assurance that the investment objective of the • ICICI Bank Ltd. Banks 9.73
Scheme will be realized. • Larsen & Toubro Ltd. Construction Project 9.57 RP-SG Retail Ltd Retailing 0.40
• State Bank of India Banks 9.30 Transformers And Rectifiers
l CATEGORY OF SCHEME: Thematic Fund (India) Ltd. Industrial Capital Goods 0.38
• JMC Projects (India) Ltd. Construction 4.89
l Fund Manager ¥ Elecon Engineering Co. Ltd. Industrial Capital Goods 0.32
• CESC Ltd. Power 4.78
Srinivas Rao Ravuri (since March 20, 17) Rural Electrification
Total Experience: Over 23 years • NTPC Ltd. Power 4.48 Corporation Ltd. Finance 0.29
(The scheme was co-managed by Srinivas Rao Ravuri with • Bank of Baroda Banks 3.63
Prashant Jain from inception till March 19, 17) Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.25
• Texmaco Rail & Engineering Ltd. Industrial Capital Goods 3.39 Oriental Bank of Commerce Banks 0.24
l Inception Date (Date of Allotment) • Bharat Petroleum Gammon Infrastructure
March 10, 2008 Corporation Ltd. Petroleum Products 2.96 Projects Ltd. Construction Project 0.09
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Canara Bank Banks 2.50 Easun Reyrolle Ltd. Industrial Capital Goods 0.03
Regular Plan - Growth Option 15.206 Centum Electronics Ltd. Industrial Capital Goods 2.42 Grasim Industries Ltd. Cement @
Regular Plan - Dividend Option 10.070 Gujarat Pipavav Port Ltd. Transportation 2.28
Direct Plan - Growth Option 15.953 Sub Total 97.73
Direct Plan - Dividend Option 13.230 Dynamatic Technologies Ltd. Auto Ancillaries 2.12 Cash margin 0.05
Astra Microwave Products Ltd. Telecom - Equipment Cash, Cash Equivalents and Net Current Assets 2.22
aSSETS UNDER MANAGEMENT (`) IN CRORE And Accessories 2.07
As on October 31, 2018 806.22 Grand Total 100.00
Average for Month of October, 2018 788.15 Vedanta Ltd. Non - Ferrous Metals 2.01
• Top Ten Holdings, @ Less than 0.01%
Premier Explosives Ltd. Chemicals 1.95
l quantitative data
Hindustan Construction
Risk Ratio Company Ltd. Construction Project 1.88 Industry Allocation of Equity Holding (% of Net Assets)
n Standard Deviation 7.106%
n Beta 1.417 Dilip Buildcon Ltd. Construction 1.78 Banks 27.01
n Sharpe Ratio* -0.053 Siemens Ltd. Industrial Capital Goods 1.76 Construction Project 16.56
Computed for the 3-yr period ended October 31, 2018. Based on
month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Power Finance Corporation Ltd. Finance 1.74 Construction 12.26
Coal India Ltd. Minerals/Mining 1.70
Total Expense Ratio (As on October 31, 2018) Industrial Capital Goods 10.99
Including Additional Expenses and Goods and Service Tax J.Kumar Infraprojects Ltd. Construction 1.66
on Management Fees Power 9.26
Ashoka Buildcon Ltd. Construction Project 1.64
Regular: 2.40% Direct: 1.60% Transportation 3.07
Simplex Infrastructures Ltd. Construction 1.59
Petroleum Products 2.96
l #BENCHMARK INDEX: NIFTY 500 (Total Returns Index) B L Kashyap & Sons Ltd. Construction 1.47
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Auto Ancillaries 2.12
BEML Ltd. Industrial Capital Goods 1.43
l Exit Load Sadbhav Infrastructure Project Telecom - Equipment And Accessories 2.07
l In respect of each purchase / switch-in of Units, an Exit Ltd.(Corporate Guarantee of Finance 2.03
Load of 1.00% is payable if Units are redeemed / switched- Sadbhav Engineering Ltd.) Construction Project 1.26
Non - Ferrous Metals 2.01
out within 1 year from the date of allotment. RITES Ltd. Construction Project 1.10
l No Exit Load is payable if Units are redeemed / switched- Chemicals 1.95
out after 1 year from the date of allotment. Punjab National Bank Banks 1.07
For further details, please refer to para ‘Exit Load’ on Pg 51. Ferrous Metals 1.93
Ircon International Ltd. Construction Project 1.02
Minerals/Mining 1.70
l PlanS & Options CG Power & Industrial
Regular Plan, Direct Plan. Under Each Plan : Growth & Solutions Ltd. Industrial Capital Goods 1.01 Cement 0.98
Dividend. The Dividend Option offers Dividend Payout and Ambuja Cements Ltd. Cement 0.98 Software 0.43
PNC Infratech Ltd. Construction 0.87 Retailing 0.40
l Minimum Application Amount MEP Infrastructure 0 5 10 15 20 25 30
Purchase : ` 5,000 and any amount thereafter. Developers Ltd. Transportation 0.79
l Redemption Proceeds Since Inception 5 year 10 year 3 year 1 year
Normally despatched within 3-4 Business Days (Redemption SIP SIP SIP SIP SIP
is subject to completion of Lock-in Period, if applicable). Total Amount Invested (` ‘000) 1,280.00 1,200.00 600.00 360.00 120.00
¥ Dedicated Fund Manager for Overseas Investments: Mkt Value As on October 31, 2018 (` ‘000) 1,719.88 1,578.58 594.07 317.90 95.84
Mr Rakesh Vyas (Total Experience: Over 14 years).
Returns (Annualised) (%) 5.39 5.35 -0.39 -7.91 -35.00
Benchmark Returns (Annualised) (%) # 11.80 12.09 10.05 8.29 -10.19
l to generate long-term capital appreciation / income after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
l investment predominantly in equity and equity related
securities of companies engaged in or expected to benefit Performance^ - Regular Plan - Growth Option
from the growth and development of infrastructure
Riskometer Returns Returns Benchmark
(`)##
Oct 31, 17 Last 1 Year -29.53 -3.17 1.91 7,047 9,683 10,191
Oct 30, 15 Last 3 Years -0.90 10.39 10.22 9,732 13,459 13,396
Oct 31, 13 Last 5 Years 11.94 14.04 11.89 17,579 19,297 17,546
Mar 10, 08 Since Inception 4.01 9.10 8.82 15,206 25,292 24,610
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivas Rao Ravuri,
Investors understand that their principal will be at high risk under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
~ Investors should consult their financial advisers if in doubt Direct Plan, refer page no. 58.
HDFC Balanced Advantage Fund ¤ (An open ended Balanced Advantage Fund)
investment objective Portfolio
To provide long term capital appreciation / income from a
Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
dynamic mix of equity and debt investments.
There is no assurance that the investment objective of the Equity & Equity Related Mishra Dhatu Nigam Ltd. Ferrous Metals 0.28
Steel Authority of India Ltd. Ferrous Metals 0.27
l CATEGORY OF SCHEME: Balanced Advantage Fund
Orient Cement Ltd. Cement 0.24
Fund Manager ¥
Union Bank of India Banks 0.23
Prashant Jain (since June 20, 03)§ • State Bank of India Banks 8.26
Total Experience: Over 27 years Matrimony.com Ltd. Services 0.23
Inception Date¤ Cochin Shipyard Ltd. Industrial Capital Goods 0.22
• NTPC Ltd. Power 3.88
February 01, 1994 BEML Ltd. Industrial Capital Goods 0.20
• Power Grid Corporation of
India Ltd. Power 3.52 Vijaya Bank Banks 0.18
Regular Plan - Growth Option 183.608 • Reliance Industries Ltd. Petroleum Products 3.00 RITES Ltd. Construction Project 0.18
• GAIL (India) Ltd. Gas 2.83 Reliance Nippon Life Asset
Direct Plan - Growth Option 190.194
Direct Plan - Dividend Option 30.277 Management Ltd. Finance 0.15
Coal India Ltd. Minerals/Mining 2.80
aSSETS UNDER MANAGEMENT (`) IN CRORE Corporation Bank Banks 0.14
ITC Ltd. Consumer Non Durables 2.34
As on October 31, 2018 37,157.33 Future Supply Chain
Tata Steel Ltd. Ferrous Metals 2.16 Solutions Ltd. Transportation 0.14
Average for Month of October, 2018 36,220.88
Aurobindo Pharma Ltd. Pharmaceuticals 1.83 Dynamatic Technologies Ltd. Auto Ancillaries 0.14
l quantitative data
Portfolio Turnover Ratio 20.71% Power Finance Corporation Ltd. Finance 1.78 Oriental Bank of Commerce Banks 0.13
Average Maturity * 3.07 years
Macaulay Duration * 2.69 years Axis Bank Ltd. Banks 1.75 Gujarat Industries Power
Modified Duration * 2.44 years Co. Ltd. Power 0.13
Yield to Maturity * 9.54% HDFC Bank Ltd. Banks 1.51
* Computed on the invested amount for debt portfolio. JMC Projects (India) Ltd. Construction 0.13
Bharat Petroleum
Corporation Ltd. Petroleum Products 1.41 S Chand and Company Ltd. Media & Entertainment 0.13
Including Additional Expenses and Goods and Service Tax Hindustan Petroleum Kirloskar Pneumatic Ltd. Industrial Products 0.13
on Management Fees Corporation Ltd. Petroleum Products 1.21
Regular: 2.27% Direct: 1.07% Titagarh Wagons Ltd. Industrial Capital Goods 0.11
l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt Garden Reach Shipbuilders &
Tata Chemicals Ltd. Chemicals 1.19 Engineers Limited Aerospace And Defence 0.10
65:35 Index
Vedanta Ltd. Non - Ferrous Metals 1.13 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.10
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index)
Punjab National Bank Banks 0.96 Sagar Cements Ltd. Cement 0.10
Exit Load
Bank of Baroda Banks 0.86 MEP Infrastructure
l In respect of each purchase / switch-in of Units, upto 15%
of the units may be redeemed without any exit load from Developers Ltd. Transportation 0.09
Solar Industries India Ltd. Chemicals 0.86
the date of allotment. CG Power & Industrial
Just Dial Ltd. Software 0.82 Solutions Ltd. Industrial Capital Goods 0.09
l Any redemption in excess of the above limit shall be subject
to the following exit load: Rural Electrification Ramco Systems Ltd. Software 0.07
n Exit load of 1.00% is payable if Units are redeemed / Corporation Ltd. Finance 0.80
switched-out within 1 year from the date of allotment J.Kumar Infraprojects Ltd. Construction 0.07
Chambal Fertilizers &
of units. Chemicals Ltd. Fertilisers 0.76 Elecon Engineering Co. Ltd. Industrial Capital Goods 0.06
l No Exit Load is payable if Units are redeemed / switched- Canara Bank Banks 0.70 Syndicate Bank Banks 0.06
out after 1 year from the date of allotment.
For further details, please refer to para ‘Exit Load’ on Pg 51. Tata Consultancy Services Ltd. Software 0.69 Centum Electronics Ltd. Industrial Capital Goods 0.05
l PlanS & Options Gujarat Pipavav Port Ltd. Transportation 0.60 Hindustan Construction
Company Ltd. Construction Project 0.04
Regular Plan, Direct Plan. Under Each Plan : Growth & Apollo Tyres Ltd. Auto Ancillaries 0.51
Dividend. The Dividend Option offers Dividend Payout and RP-SG Business Process Services Software 0.04
Reinvestment facility. NHPC Ltd. Power 0.50
Minimum Application Amount Avenue Supermarts Ltd. Retailing 0.48
Allahabad Bank Banks 0.02
Purchase : ` 5,000 and any amount thereafter. ABB India Ltd. Industrial Capital Goods 0.47
Additional Purchase : ` 1,000 and any amount thereafter. Jaiprakash Power Ventures Ltd. Power 0.01
Siemens Ltd. Industrial Capital Goods 0.45
Redemption Proceeds Sub Total 82.23
CESC Ltd. Power 0.41
Normally despatched within 3-4 Business Days. Debt & Debt Related
Container Corporation of
¥ Dedicated Fund Manager for Overseas Investments: India Ltd. Transportation 0.37
Mr Rakesh Vyas (Total Experience: Over 14 years). Credit Exposure
§ Date of migration of erstwhile HDFC Prudence Fund from Ashoka Buildcon Ltd. Construction Project 0.37 State Bank of India CRISIL - AA+ 4.92
Zurich India Mutual Fund (Close of business hours - June Savita Oil Technologies Ltd. Petroleum Products 0.36
19, 03). Tata Sons Ltd. CRISIL - AAA 3.53
Apar Industries Ltd. Industrial Capital Goods 0.34 HDFC Bank Ltd. CRISIL - AA+ 2.41
Time Technoplast Ltd. Industrial Products 0.29 Canara Bank CRISIL - AA 1.73
Note: ¤ Effective close of business hours of June 1, 2018, HDFC Prudence Fund merged with HDFC Growth Fund (HDFC Balanced
Advantage Fund after changes in fundamental attributes). As the portfolio characteristics and the broad investment strategy of HDFC
Balanced Advantage Fund is similar to that of erstwhile HDFC Prudence Fund, the track record (i.e. since inception date, dividend
history, etc.) and past performance of erstwhile HDFC Prudence Fund has been considered, in line with SEBI circular on Performance
disclosure post consolidation/ merger of scheme dated April 12, 2018.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. ....Contd on next page
HDFC Balanced Advantage Fund (An open ended Balanced Advantage Fund) ....Contd from previous page
Industry Allocation of Equity Holding (% of Net Assets) Portfolio

Banks 24.02 Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
Software 10.13
Power 8.45 ICICI Bank Ltd. CARE - AA+ / ICRA - AA+ 1.33 Mutual fund Units
Construction Project 7.40 Punjab National Bank CARE - A+ 1.13
Petroleum Products 5.98 HDFC Sensex Exchange Traded Fund 0.03
Union Bank of India CARE - AA- / FITCH - AA- 0.76
Pharmaceuticals 3.03 Sub Total 0.03
Gas 2.83 Axis Bank Ltd. CRISIL - AA+ 0.61
Minerals/Mining 2.80 Cash, Cash Equivalents and Net Current Assets 0.93
Syndicate Bank CARE - AA- 0.34
Finance 2.73
Ferrous Metals 2.71 Andhra Bank CARE - A+ 0.05 Grand Total 100.00
Consumer Non Durables 2.34
Sub Total 16.81 • Top Ten Holdings
Industrial Capital Goods 2.09
Chemicals 2.05
Transportation 1.20
Fertilisers 0.76
Auto Ancillaries 0.65
Retailing 0.51
Cement 0.34
Services 0.23
Construction 0.20
Aerospace And Defence 0.10
0 5 10 15 20 25 30
Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
n Equity 82.23
n Equity n AAA/AAA(SO)/A1+/
82.23
A1+(S0) & Equivalent 3.53
n Credit Exposure 16.81 n AA+ 9.27
n Mutual Fund Units 0.03 n AA/aa- 2.83
n A+ & Below 1.18
n Cash, Cash Equivalents and
n Mutual Fund Units 0.03
Net Current Assets 0.93

SIP SIP SIP SIP SIP SIP
Total Amount Invested (` ‘000) 2,970.00 1,800.00 1,200.00 600.00 360.00 120.00
Mkt Value As on October 31, 2018 (` ‘000) $$ 54,897.95 6,358.37 2,472.26 776.82 405.95 117.52
Returns (Annualised) (%) $$ 19.47 15.35 13.84 10.27 7.96 -3.81
Benchmark Returns (Annualised) (%) # N.A. 10.95 10.25 8.81 8.19 -1.26
This product is suitable for investors who are seeking ~ Performance^ - Regular Plan - Growth Option
l to generate long-term capital appreciation / income Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Returns Returns Benchmark Scheme (`) Benchmark Additional
l investments in a mix of equity and debt instruments (%) $$ (%)# Returns
(%) ## $$ (`)# Benchmark
Riskometer (`)##
Oct 31, 17 Last 1 Year -3.84 2.10 1.91 9,616 10,210 10,191
Oct 30, 15 Last 3 Years 9.85 9.08 10.22 13,262 12,985 13,396
Oct 31, 13 Last 5 Years 16.54 10.78 11.89 21,510 16,691 17,546
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Scheme performance may not strictly be
comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are
made in debt instruments. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to
be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by
Investors understand that their principal will be at Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of
moderately high risk the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For
~ Investors should consult their financial advisers if in doubt Performance of Direct Plan, refer page no. 57. As TRI data is not available since inception of the scheme, additional benchmark performance
about whether the product is suitable for them. is calculated using composite CAGR of Nifty 50 PRI values from Feb 01, 94 to Jun 29, 99 and TRI values since Jun 30, 99.
HDFC Hybrid Equity Fund ¤ (An open ended hybrid scheme investing predominantly in
equity and equity related instruments)

The investment objective of the Scheme is to generate capital
appreciation / income from a portfolio, predominantly of
equity & equity related instruments. The Scheme will also VST Industries Ltd. Consumer Non Durables 0.41
invest in debt and money market instruments. Equity & Equity Related
There is no assurance that the investment objective of the Vardhman Textiles Ltd. Textiles - Cotton 0.40
Scheme will be realized. Allahabad Bank Banks 0.36
l CATEGORY OF SCHEME: Aggressive Hybrid Fund Sharda Cropchem Ltd. Pesticides 0.35
l Fund Manager ¥ Redington (India) Ltd. Transportation 0.32
• Housing Development
Chirag Setalvad (since April 2, 07)¤ Finance Corporation Ltd. £ Finance 3.84 Carborundum Universal Ltd. Industrial Products 0.31
Total Experience: Over 21 years • ITC Ltd. Consumer Non Durables 3.32 Tata Motors Ltd. DVR Auto 0.31
l Inception Date¤ • Larsen & Toubro Ltd. Construction Project 3.08 Oil & Natural Gas Corporation Ltd. Oil 0.30
September 11, 2000 • Aurobindo Pharma Ltd. Pharmaceuticals 2.52 IPCA Laboratories Ltd. Pharmaceuticals 0.30
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Axis Bank Ltd. Banks 2.06 ICICI Securities Ltd. Finance 0.27
Regular Plan - Growth Option 49.512 Reliance Industries Ltd. Petroleum Products 1.97 Jagran Prakashan Ltd. Media & Entertainment 0.26
Direct Plan - Growth Option 51.384 State Bank of India Banks 1.82 Kalpataru Power
Direct Plan - Dividend Option 12.220 Transmission Ltd. Power 0.23
Rallis India Ltd. Pesticides 0.17
aSSETS UNDER MANAGEMENT (`) IN CRORE Aarti Industries Ltd. Chemicals 1.39
MM Forgings Ltd. Industrial Products 0.16
As on October 31, 2018 21,231.47 SKF India Ltd. Industrial Products 1.37
Average for Month of October, 2018 20,942.77 Navneet Education Ltd. Media & Entertainment 0.16
Indusind Bank Ltd. Banks 1.36
l quantitative data Kaveri Seed Company Ltd. Consumer Non Durables 0.16
Portfolio Turnover Ratio (Last 1 year) 9.68% India Ltd. Power 1.35 Persistent Systems Ltd. Software 0.12
Macaulay Duration * 2.80 years Tata Steel Ltd. Ferrous Metals 1.31 Greenply Industries Ltd. Consumer Durables 0.12
Modified Duration * 2.62 years
Yield to Maturity * 8.46% UPL Ltd. Pesticides 1.18 IFB Industries Ltd. Consumer Durables 0.11
* Computed on the invested amount for debt portfolio. Balkrishna Industries Ltd. Auto Ancillaries 1.13 Atul Auto Ltd. Auto 0.09
Total Expense Ratio (As on October 31, 2018) Bharat Electronics Ltd. Industrial Capital Goods 1.12 Lupin Ltd. Pharmaceuticals 0.08
Including Additional Expenses and Goods and Service Tax Petronet LNG Ltd. Gas 1.10 J.Kumar Infraprojects Ltd. Construction 0.05
on Management Fees
KEC International Ltd. Construction Project 1.07 Insecticides (India) Ltd. Pesticides 0.03
Regular: 2.06% Direct: 1.01%
Vedanta Ltd. Non - Ferrous Metals 1.04 Sub Total 67.57
l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt
Hindustan Petroleum
65:35 Index Corporation Ltd. Petroleum Products 0.97 Debt & Debt Related
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) The Federal Bank Ltd. Banks 0.95 Government Securities
l Exit Load Bank of Baroda Banks 0.94 7.16 GOI 2023 Sovereign 1.47
l In respect of each purchase/switch-in of Units, upto 15% Atul Ltd. Chemicals 0.92 6.84 GOI 2022 Sovereign 1.37
of the units may be redeemed without any exit load from
the date of allotment. TI Financial Holdings Ltd. Finance 0.90 8.20 GOI 2025 Sovereign 0.84
l Any redemption in excess of the above limit shall be subject The Indian Hotels Company Ltd. Hotels, Resorts & Other 7.35 GOI 2024 Sovereign 0.69
to the following exit load: Recreational Activities 0.83
8.08 GOI 2022 Sovereign 0.62
n Exit load of 1.00% is payable if Units are redeemed / Hero MotoCorp Ltd. Auto 0.76
switched-out within 1 year from the date of allotment 8.24 GOI 2033 Sovereign 0.58
Bharti Airtel Ltd. Telecom - Services 0.69
of units. 7.72 GOI 2025 Sovereign 0.47
NIIT Technologies Ltd. Software 0.63
l No Exit Load is payable if Units are redeemed / switched- 8.15 GOI 2022 Sovereign 0.38
out after 1 year from the date of allotment. Yes Bank Ltd. Banks 0.62
For further details, please refer to para ‘Exit Load’ on Pg 51. Mahindra Holidays & Resorts Hotels, Resorts & Other
India Ltd. Recreational Activities 0.58 8.83 GOI 2023 Sovereign 0.26
l PlanS & Options
Tata Consultancy Services Ltd. Software 0.57 8.40 GOI 2024 Sovereign 0.24
Dividend. The Dividend Option offers Dividend Payout and Tube Investments of India Ltd. Auto Ancillaries 0.57 8.60 GOI 2028 Sovereign 0.20
Reinvestment facility. 8.35 GOI 2022 Sovereign 0.19
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.55
l Minimum Application Amount Hexaware Technologies Ltd. Software 0.51 8.13 GOI 2045 Sovereign 0.19
Purchase : ` 5,000 and any amount thereafter. Sadbhav Engineering Ltd. Construction Project 0.51 8.17 GOI 2044 Sovereign 0.18
Edelweiss Financial Services Ltd. Finance 0.51 6.35 GOI 2020 Sovereign 0.17
PNC Infratech Ltd. Construction 0.47 7.80 GOI 2020 Sovereign 0.12
Tamil Nadu Newsprint & 8.12 GOI 2020 Sovereign 0.10
l Segment-wise break-up Papers Ltd. Paper 0.46
of equity holding (% of net assets) 8.30 GOI 2040 Sovereign 0.02
Zensar Technologies Ltd. Software 0.42
Large Cap 47.90% 8.20 GOI 2022 Sovereign 0.01
Mid Cap 7.18% Bharat Petroleum
Corporation Ltd. Petroleum Products 0.41 Sub Total 8.47
Small Cap 12.47%
Mr Rakesh Vyas (Total Experience: Over 14 years).
Note: ¤ Effective close of business hours of June 1, 2018, HDFC Balanced Fund merged with HDFC Premier Multi Cap Fund (HDFC
Hybrid Equity Fund after changes in fundamental attributes). As the portfolio characteristics and the broad investment strategy of
HDFC Hybrid Equity Fund is similar to that of erstwhile HDFC Balanced Fund, the track record (i.e. since inception date dividend
history, etc) and past performance of erstwhile HDFC Balanced Fund has been considered, in line with SEBI circular on Performance
disclosure post consolidation/ merger of scheme dated April 12, 2018.
HDFC Hybrid Equity Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments) ...Contd from previous page
Banks 18.73 Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
Software 6.82
Construction Project Credit Exposure State Bank of India CRISIL - AA+ 0.23
6.17
Finance 5.52 • Tata Sons Ltd. CRISIL - AAA 4.47 HDFC Bank Ltd. CRISIL - AAA 0.22
• National Bank for Agriculture Syndicate Bank CARE - AA- 0.14
Pharmaceuticals 3.45 & Rural Development CRISIL - AAA 2.20
Petroleum Products 3.35 Oriental Bank of Commerce ICRA - A+ 0.13
Chemicals 2.31 • Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 2.12
ICICI Bank Ltd. CARE - AAA 0.11
Industrial Products 1.84 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.90
Pesticides 1.73 Andhra Bank CARE - A+ 0.09
Auto Ancillaries 1.70 Axis Bank Ltd. CRISIL - AA+ 1.56
Hindalco Industries Ltd. CRISIL - AA 0.05
Power 1.58 Small Industries Development
Hotels, Resorts & Other Recreational Activities 1.41 Bank of India CARE - AAA 1.41 Sub Total 19.92
Ferrous Metals 1.31
Housing Development Finance Mutual fund Units
Auto 1.16 Corporation Ltd.£ CRISIL - AAA 1.31
Gas 1.10 L&T Finance Ltd. CARE - AAA 1.20 HDFC NIFTY 50 Exchange Traded Fund 0.65
Non - Ferrous Metals 1.04 Rural Electrification CARE - AAA / CRISIL -
Telecom - Service 0.69 Sub Total 0.65
Corporation Ltd. AAA / FITCH - AAA 0.72
Construction 0.52
Shriram Transport Finance Cash, Cash Equivalents and Net Current Assets 3.39
Paper 0.46 Company Ltd. CRISIL - AA+ 0.70
Textiles - Cotton 0.40 National Highways Authority Grand Total 100.00
Transportation 0.32 of India CRISIL - AAA 0.57
Oil 0.30 Punjab National Bank CARE - A+ 0.44 • Top Ten Holdings, £ Co-sponsor
Consumer Durables 0.23
Cholamandalam Investment
0 2 4 6 8 10 12 14 16 18 20 and Finance Company Ltd. ICRA - AA+ 0.35
n Equity 67.57
Equity 67.57 n Sovereign 8.47
G-Sec 8.47 n AAA/AAA(SO)/A1+/
Credit Exposure 19.92 n AA+ 2.84
Mutual Fund Units 0.65 n AA/aa- 0.19
Cash, Cash Equivalents and n A+ & Below 0.66
Net Current Assets n Mutual Fund Units 0.65
3.39 n Cash, Cash Equivalents and

Mkt Value As on October 31, 2018 (` ‘000) 11,424.29 6,108.22 2,590.20 777.19 398.45 114.81
Returns (Annualised) (%) 16.13 14.89 14.71 10.29 6.70 -7.92
This product is suitable for investors who are seeking ~ after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
l to generate long-term capital appreciation / income.
l investments predominantly in equity & equity related Performance^ - Regular Plan - Growth Option
instruments. The Scheme will also invest in debt and money Date Period Scheme Benchmark Additional Value of ` 10,000 invested
market instruments. Returns Returns Benchmark
Riskometer (%) ## (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year -3.51 2.10 1.91 9,649 10,210 10,191
Oct 30, 15 Last 3 Years 9.41 9.08 10.22 13,103 12,985 13,396
Oct 31, 13 Last 5 Years 16.91 10.78 11.89 21,848 16,691 17,546
Sep 11, 00 Since Inception 15.73 N.A. 13.02 141,787 N.A. 92,140
comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are
Investors understand that their principal will be at made in debt instruments. For performance of other schemes managed by Chirag Setalvad, please refer page 51. Different plans viz. Regular
moderately high risk Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of
~ Investors should consult their financial advisers if in doubt the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57.
HDFC Multi-Asset Fund (An open ended scheme investing in Equity and Equity related
instruments, Debt & Money Market Instruments and Gold)
l investment objective SIP Performance^ - Regular Plan - Growth Option

The objective of the Scheme is to generate long term capital Since Inception 10 year 5 Year 3 Year 1 Year
appreciation/income by investing in a diversified portfolio of SIP SIP SIP SIP SIP
equity & equity related instruments, debt & money market Total Amount Invested (` ‘000) 1,590.00 1,200.00 600.00 360.00 120.00
instruments and Gold. Mkt Value As on October 31, 2018 (` ‘000) 2,877.51 1,827.26 690.84 377.42 115.60
There is no assurance that the investment objective of the Returns (Annualised) (%) 8.51 8.15 5.58 3.09 -6.73
Benchmark Returns (Annualised) (%) # N.A. N.A. 8.47 7.99 0.01
l CATEGORY OF SCHEME: Multi Asset Allocation Fund Addl. Benchmark Ret. (Annualised) (%) ## 10.93 11.41 9.67 9.78 -3.97
l Fund Manager ¥ after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
Chirag Setalvad (Equities) (since April 2, 07) investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
Total Experience - Over 21 years &
Anil Bamboli (Debt) (since August 17, 05)
Total Experience: Over 23 years
Krishan Kumar Daga (Gold) (since May 23, 18) Performance^ - Regular Plan - Growth Option
l Inception Date (Date of Allotment) Returns Returns Benchmark
August 17, 2005 (`)# Benchmark
(%) ##
(`)##
Oct 31, 17 Last 1 Year -2.06 2.83 1.91 9,794 10,283 10,191
Regular Plan - Dividend Option 10.717 Oct 30, 15 Last 3 Years 5.85 8.89 10.22 11,864 12,919 13,396
Direct Plan - Growth Option 31.101 Oct 31, 13 Last 5 Years 8.82 9.97 11.89 15,262 16,089 17,546
Direct Plan - Dividend Option 11.693 Aug 17, 05 Since Inception 8.69 N.A. 13.11 30,060 N.A. 50,935
aSSETS UNDER MANAGEMENT (`) IN CRORE Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. The Scheme formerly, a debt oriented hybrid
fund, has undergone change in Fundamental attributes w.e.f. May 23, 2018 and become a multi asset fund investing in equities, debt and
As on October 31, 2018 144.58 gold. Accordingly, the Scheme’s benchmark has also changed. Hence, the performance of the Scheme from inception till May 22, 2018
Average for Month of October, 2018 147.34 may not strictly be comparable with those of the new benchmark and the additional benchmark. Scheme performance may not strictly be
comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made
l quantitative data in debt instruments and gold. For performance of other schemes managed by Chirag Setalvad (Equities), Anil Bamboli (Debt) and Krishan
Portfolio Turnover Ratio 113.59% Kumar Daga (Gold), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses
of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For
Total Expense Ratio (As on October 31, 2018) Performance of Direct Plan, refer page no. 63.
Including Additional Expenses and Goods and Service Tax ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
on Management Fees
Regular: 2.85% Direct: 2.20% Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
l #BENCHMARK INDEX: 90% NIFTY 50 Hybrid Composite
Debt 65:35 Index + 10% Domestic Price of Gold
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) n Equity 75.50 n Equity 75.50
l Exit Load n Credit Exposure 8.26 n AAA/AAA(SO)/A1+/
l In respect of each purchase / switch-in of Units, 15% of A1+(S0) & Equivalent 8.26
n Gold & Gold Related 9.49 n Gold & Gold Related 9.49
the units (“the limit”) may be redeemed without any Exit
Load from the date of allotment. n Cash, Cash Equivalents and n Cash, Cash Equivalents and
l Any redemption in excess of the above limit shall be Net Current Assets 6.75 Net Current Assets 6.75
subject to the following exit load:
t Exit Load of 1.00% is payable if units are redeemed /
switched out within 12 months from the date of allotment.
l No Exit Load is payable if units are redeemed / switched
out after 12 months from the date of allotment.
For further details, please refer to para ‘Exit Load’ on Pg 51. Industry Allocation of Equity Holding (% of Net Assets)
l PlanS & Options
Regular Plan, Direct Plan. Under Each Plan : Growth & Banks 14.34
Dividend. The Dividend Option offers Dividend Payout and Software
Reinvestment facility. 12.64
Petroleum Products 6.27
l Minimum Application Amount
Auto Ancillaries 5.07
Additional Purchase : ` 1,000 and any amount thereafter. Construction Project 4.35
Finance 3.47
Mr Rakesh Vyas (Total Experience - Over 14 years). Chemicals 2.74
Auto 2.42
This product is suitable for investors who are seeking ~ Pharmaceuticals 1.96
l to generate long-term capital appreciation/income Pesticides 1.80
l investments in a diversified portfolio of equity & equity related
instruments, debt & money market instruments and Gold Transportation 1.20
Riskometer Power 0.90
Paper 0.45
Oil 0.43
Ferrous Metals 0.42
Telecom - Services 0.38
Investors understand that their principal will be at
moderately high risk Minerals/Mining 0.34
~ Investors should consult their financial advisers if in doubt Gas 0.32
0 2 4 6 8 10 12 14 16
(An open ended scheme investing in Equity and Equity related
HDFC Multi-Asset Fund instruments, Debt & Money Market Instruments and Gold)
....Contd from previous page
Portfolio
Company Industry+ / Rating % to NAV % exposure Company Industry+ / Rating % to NAV % exposure
(Hedged & of Derivative (Hedged & of Derivative
Unhedged) Unhedged)
Equity & Equity Related Suprajit Engineering Ltd. Auto Ancillaries 0.65 0.00
• HDFC Bank Ltd. Banks 7.16 0.00 IPCA Laboratories Ltd. Pharmaceuticals 0.61 0.00
• Infosys Ltd. Software 3.74 0.00 HCL Technologies Ltd. Software 0.58 0.00
• Reliance Industries Ltd. Petroleum Products 3.60 0.00 Rural Electrification Corporation Ltd. Finance 0.56 0.00
• Housing Development Finance Apar Industries Ltd. Industrial Capital Goods 0.53 0.00
Corporation Ltd.£ Finance 2.91 0.00
Jagran Prakashan Ltd. Media And Entertainment 0.51 0.00
• Ashok Leyland Ltd. Auto 2.89 2.89
Timken India Ltd. Industrial Products 0.51 0.00
• NIIT Technologies Ltd. Software 2.89 0.00
NTPC Ltd. Power 0.49 0.00
• Oriental Carbon & Chemicals Ltd. Chemicals 2.70 0.00
Tamil Nadu Newsprint & Papers Ltd. Paper 0.45 0.00
• State Bank of India Banks 2.60 0.00
Oil & Natural Gas Corporation Ltd. Oil 0.43 0.00
Larsen & Toubro Ltd. Construction Project 2.58 0.00
Tata Steel Ltd. Ferrous Metals 0.42 0.00
ITC Ltd. Consumer Non Durables 2.35 0.00
Power Grid Corporation of India Ltd. Power 0.41 0.00
ICICI Bank Ltd. Banks 2.24 0.00
Vedanta Ltd. Non - Ferrous Metals 0.39 0.00
Reliance Infrastructure Ltd. Power 2.13 2.13
Bharti Airtel Ltd. Telecom - Services 0.38 0.00
Shaily Engineering Plastics Ltd. Industrial Capital Goods 1.98 0.00
Coal India Ltd. Minerals/Mining 0.34 0.00
Tata Consultancy Services Ltd. Software 1.90 0.00
Yes Bank Ltd. Banks 0.34 0.00
Sonata Software Ltd. Software 1.84 0.00
Tata Motors Ltd. Auto 0.33 0.00
KEC International Ltd. Construction Project 1.77 0.00
GAIL (India) Ltd. Gas 0.32 0.00
Firstsource Solutions Ltd Software 1.69 0.00
Union Bank of India Banks 0.32 0.00
Sharda Cropchem Ltd. Pesticides 1.56 0.00
Hindalco Industries Ltd. Non - Ferrous Metals 0.32 0.00
Gabriel India Ltd. Auto Ancillaries 1.44 0.00
Cipla Ltd. Pharmaceuticals 0.31 0.00
Carborundum Universal Ltd. Industrial Products 1.27 0.00
UPL Ltd. Pesticides 0.24 0.00
Balkrishna Industries Ltd. Auto Ancillaries 1.21 0.00
Poddar Pigments Ltd. Chemicals 0.04 0.00
Redington (India) Ltd. Transportation 1.20 0.00
Sub Total 75.50
Sundram Fasteners Ltd. Auto Ancillaries 1.10 0.00
Credit Exposure
Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.04 0.00
• Kotak Mahindra Prime Ltd. CRISIL - AAA 8.26
Bharat Petroleum Corporation Ltd. Petroleum Products 1.03 0.00
Sub Total 8.26
Axis Bank Ltd. Banks 0.98 0.00
Gold
Hindustan Petroleum Corporation Ltd. Petroleum Products 0.94 0.00
• Gold Bar 1 Kg (0.995 purity) 9.49
Greenply Industries Ltd. Consumer Durables 0.86 0.00
HDFC Gold Exchange Traded Fund 2.21
VST Industries Ltd. Consumer Non Durables 0.84 0.00
Sub Total 11.70
Gujarat Fluorochemicals Ltd. Industrial Capital Goods 0.73 0.00
Short Term Deposits as margin for Futures & Options 2.77
Indusind Bank Ltd. Banks 0.71 0.00 Cash, Cash Equivalents and Net Current Assets 1.77
Hero MotoCorp Ltd. Auto 0.71 0.00 Grand Total 100.00
Mahindra & Mahindra Ltd. Auto 0.70 0.00 • Top Ten Holdings, £ Co-sponsor
Savita Oil Technologies Ltd. Petroleum Products 0.70 0.00 Outstanding exposure in derivative instruments (` in Crore) 7.28
Vesuvius India Ltd. Industrial Products 0.68 0.00 Hedged position in Equity & Equity related instruments
Tata Motors Ltd. DVR Auto 0.68 0.00 Outstanding derivative exposure (% age) 5.03
Banco Products (I) Ltd. Auto Ancillaries 0.67 0.00
HDFC NIFTY 50 ETF (An open ended scheme replicating / tracking NIFTY 50 Index)

The investment objective of HDFC Nifty 50 ETF is to generate Company Industry+ % to Company Industry+ % to
returns that are commensurate with the performance of the NAV NAV
NIFTY 50 Index, subject to tracking error.
There is no assurance that the investment objective of the Equity & Equity Related
Scheme will be realized. Bajaj Finserv Ltd. Finance 0.79
• HDFC Bank Ltd. Banks 9.90 Hindalco Industries Ltd. Non - Ferrous Metals 0.78
l CATEGORY OF SCHEME: Exchange Traded Fund
• Reliance Industries Ltd. Petroleum Products 8.77 Cipla Ltd. Pharmaceuticals 0.77
l Fund Manager
• Housing Development Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.75
Krishan Kumar Daga (since December 09, 15) Finance Corporation Ltd.£ Finance 6.95
Indian Oil Corporation Ltd. Petroleum Products 0.71
l Inception Date (Date of Allotment) Eicher Motors Ltd. Auto 0.70
December 09, 2015 • ITC Ltd. Consumer Non Durables 5.79
Indiabulls Housing Finance Ltd. Finance 0.67
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • ICICI Bank Ltd. Banks 5.51
Zee Entertainment
Growth Option 1,075.90 • Tata Consultancy Services Ltd. Software 5.01 Enterprises Ltd. Media & Entertainment 0.61
aSSETS UNDER MANAGEMENT j (`) IN CRORE • Larsen & Toubro Ltd. Construction Project 3.87 Adani Ports and Special
As on October 31, 2018 219.47 • Kotak Mahindra Bank Ltd. Banks 3.61 Economic Zone Ltd. Transportation 0.61
Average for Month of October, 2018 206.62 UPL Ltd. Pesticides 0.60
• Hindustan Unilever Ltd. Consumer Non Durables 2.80
l quantitative data State Bank of India Banks 2.55 Bharti Infratel Ltd. Telecom - Equipment
Portfolio Turnover Ratio (Last 1 year) 10.20% And Accessories 0.55
Axis Bank Ltd. Banks 2.49
l tRACKING ERROR Bharat Petroleum
Maruti Suzuki India Ltd. Auto 2.13 Corporation Ltd. Petroleum Products 0.52
Annualised tracking error is calculated based on daily rolling
returns for the last 12 months: 0.05% Indusind Bank Ltd. Banks 1.76 Hindustan Petroleum
Total Expense Ratio (As on October 31, 2018) Mahindra & Mahindra Ltd. Auto 1.73 Corporation Ltd. Petroleum Products 0.40
Including Additional Expenses and Goods and Service Tax Sun Pharmaceuticals Sub Total 99.92
on Management Fees
Industries Ltd. Pharmaceuticals 1.55
HDFC NIFTY 50 ETF 0.05% Cash, Cash Equivalents and Net Current Assets 0.08
HCL Technologies Ltd. Software 1.42
l #BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Grand Total 100.00
Bajaj Finance Ltd. Finance 1.36
l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total
Returns Index) Asian Paints Ltd. Consumer Non Durables 1.34 • Top Ten Holdings, £ Co-sponsor
l Exit Load NTPC Ltd. Power 1.21
For Creation Unit Size: Tech Mahindra Ltd. Software 1.13 Industry Allocation of Equity Holding (% of Net Assets)
l No Exit load will be levied on redemptions made by
Authorised Participants / Large Investors directly with the Oil & Natural Gas Banks 26.66
Fund in Creation Unit Size. Corporation Ltd. Oil 1.04 Software 14.76
For other than Creation Unit Size: Power Grid Corporation of Petroleum Products 10.40
l N.A.
India Ltd. Power 1.03 Consumer Non Durables 9.93
The Units of HNETF in other than Creation Unit Size cannot
be directly redeemed with the Fund. Tata Steel Ltd. Ferrous Metals 1.01 Finance 9.77
These Units can be redeemed (sold) on a continuous basis on Vedanta Ltd. Non - Ferrous Metals 0.95 Auto 7.07
the NSE and BSE during the trading hours on all trading days. Construction Project 3.87
Refer SID for further details. Bharti Airtel Ltd. Telecom - Services 0.93 Pharmaceuticals 3.07
For further details, please refer to para ‘Exit Load’ on Pg 51. Wipro Ltd. Software 0.90 Power 2.24
l PlanS & Options UltraTech Cement Ltd. Cement 0.88 Ferrous Metals 1.86
HDFC NIFTY 50 ETF. Presently the Scheme does not offer any Non - Ferrous Metals 1.73
Plans / Options for investment Coal India Ltd. Minerals/Mining 0.88
Cement 1.67
l Minimum Application Amount (Under each Plan / Option) Hero MotoCorp Ltd. Auto 0.86 Oil 1.04
Authorised Participants / Large Investors: Application JSW Steel Ltd. Ferrous Metals 0.85 Telecom - Services 0.93
for subscription of HNETF Units in Creation Unit Size can Minerals/Mining 0.88
be made either: Bajaj Auto Ltd. Auto 0.85
(i) in exchange of the Portfolio Deposit; or Titan Company Ltd. Consumer Durables 0.85
(ii) by depositing basket of securities comprising NIFTY 50 Index Gas 0.82
Yes Bank Ltd. Banks 0.84 Transportation 0.61
Each Creation Unit Size will consist of 4,000 Units of HNETF
and 1 Unit of HNETF will be approximately equal to 1/10th GAIL (India) Ltd. Gas 0.82 Media & Entertainment 0.61
of the value of NIFTY 50 Index. Pesticides 0.60
Tata Motors Ltd. Auto 0.80
Other investors (including Authorised Participants and Telecom - Equipment & Accessories 0.55
Large Investors): Units of HNETF can be subscribed (in lots Grasim Industries Ltd. Cement 0.79
of 1 Unit) during the trading hours on all trading days on the 0 5 10 15 20 25 30
NSE and BSE on which the Units will be listed.
j Includes investments made by the schemes of HDFC Mutual Fund aggregating to Rs. 155.44 Crores

l returns that are commensurate with the performance of the
NIFTY 50, subject to tracking errors over long term
l investment in equity securities covered by the NIFTY 50
Riskometer
Performance*^
(`)##
Oct 31, 17 Last 1 Year 1.89 1.91 4.91 10,189 10,191 10,491
Dec 09, 15 Since Inception 12.69 12.85 13.15 14,133 14,191 14,301
moderately high risk Returns are compounded annualized (CAGR). * The Scheme does not offer any Plans/Options. The Scheme is in existence for more than
~ Investors should consult their financial advisers if in doubt 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51.
Face Value per Unit: ` 761.25, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified.
HDFC Index Fund - NIFTY 50 Plan (An open ended scheme replicating / tracking NIFTY 50 Index)

The investment objective of the Scheme is to generate returns Company Industry+ % to Company Industry+ % to
that are commensurate with the performance of the NIFTY 50 NAV NAV
Index, subject to tracking errors.
Equity & Equity Related Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.74
Scheme will be realized. • HDFC Bank Ltd. Banks 9.89 Eicher Motors Ltd. Auto 0.72
• Reliance Industries Ltd. Petroleum Products 8.76 Indian Oil Corporation Ltd. Petroleum Products 0.71
l CATEGORY OF SCHEME: Index Fund Indiabulls Housing Finance Ltd. Finance 0.67
Finance Corporation Ltd. £ Finance 6.94 Zee Entertainment
l Fund Manager • Infosys Ltd. Software 6.29 Enterprises Ltd. Media & Entertainment 0.61
Krishan Kumar Daga (since October 19, 15) • ITC Ltd. Consumer Non Durables 5.79 Adani Ports and Special
Total Experience: Over 22 years Economic Zone Ltd. Transportation 0.61
UPL Ltd. Pesticides 0.60
l Inception Date (Date of Allotment) • Tata Consultancy Services Ltd. Software 5.01
Bharti Infratel Ltd. Telecom - Equipment
• Larsen & Toubro Ltd. Construction Project 3.86 And Accessories 0.55
July 17, 2002
• Kotak Mahindra Bank Ltd. Banks 3.60 Bharat Petroleum
• Hindustan Unilever Ltd. Consumer Non Durables 2.79 Corporation Ltd. Petroleum Products 0.52
State Bank of India Banks 2.54 Hindustan Petroleum
Regular Plan - Growth Option 94.0721 Corporation Ltd. Petroleum Products 0.40
Direct Plan - Growth Option 95.0030 Axis Bank Ltd. Banks 2.49
Maruti Suzuki India Ltd. Auto 2.12 Sub Total 99.82
aSSETS UNDER MANAGEMENT (`) IN CRORE Indusind Bank Ltd. Banks 1.76 Cash, Cash Equivalents and Net Current Assets 0.18
As on October 31, 2018 424.60 Mahindra & Mahindra Ltd. Auto 1.72
Average for Month of October, 2018 407.92 Sun Pharmaceuticals Grand Total 100.00
Industries Ltd. Pharmaceuticals 1.54 • Top Ten Holdings, £ Co-sponsor
l quantitative data HCL Technologies Ltd. Software 1.42
Portfolio Turnover Ratio (Last 1 year) 42.40% Bajaj Finance Ltd. Finance 1.36
Asian Paints Ltd. Consumer Non Durables 1.34 Industry Allocation of Equity Holding (% of Net Assets)
l tRACKING ERROR NTPC Ltd. Power 1.21
Annualised tracking error is calculated based on daily rolling Tech Mahindra Ltd. Software 1.13 Banks 26.63
returns for the last 12 months: 0.11% Oil & Natural Gas Corporation Ltd. Oil 1.04 Software 14.75
Power Grid Corporation of Petroleum Products 10.39
Total Expense Ratio (As on October 31, 2018) India Ltd. Power 1.03 Consumer Non Durables 9.92
Including Additional Expenses and Goods and Service Tax Tata Steel Ltd. Ferrous Metals 1.01 Finance 9.76
on Management Fees Vedanta Ltd. Non - Ferrous Metals 0.95 Auto 7.08
Regular: 0.30% Direct: 0.10% Bharti Airtel Ltd. Telecom - Services 0.93 Construction Project 3.86
Wipro Ltd. Software 0.90
l #BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Power 2.24
UltraTech Cement Ltd. Cement 0.88
Ferrous Metals 1.86
l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Coal India Ltd. Minerals/Mining 0.88
Returns Index) Non - Ferrous Metals 1.73
Hero MotoCorp Ltd. Auto 0.87 Cement 1.67
JSW Steel Ltd. Ferrous Metals 0.85 Oil 1.04
l Exit Load Bajaj Auto Ltd. Auto 0.85 Telecom - Services 0.93
l In respect of each purchase / switch-in of Units, an Exit Load Titan Company Ltd. Consumer Durables 0.85 Minerals/Mining 0.88
of 0.25% is payable if Units are redeemed / switched-out Yes Bank Ltd. Banks 0.84 Consumer Durables 0.85
within 3 days from the date of allotment.
GAIL (India) Ltd. Gas 0.81 Gas 0.81
l No Exit load is payable if units are redeemed / switched Tata Motors Ltd. Auto 0.80 Transportation 0.61
out after 3 days from the date of allotment.
Grasim Industries Ltd. Cement 0.79 Media & Entertainment 0.61
For further details, please refer to para ‘Exit Load’ on Pg 51. Bajaj Finserv Ltd. Finance 0.79 Pesticides 0.60
Hindalco Industries Ltd. Non - Ferrous Metals 0.78 Telecom - Equipment & Accessories 0.55
l PlanS & Options Cipla Ltd. Pharmaceuticals 0.77 0 5 10 15 20 25 30
Regular Plan, Direct Plan. Each Plan offers Growth Option only.
l Minimum Application Amount SIP Performance^ - Regular Plan - Growth Option

Purchase : ` 5,000 and any amount thereafter. Since Inception 15 year 10 year 5 year 3 year 1 year
Additional Purchase : ` 1,000 and any amount thereafter. SIP SIP SIP SIP SIP SIP
l Redemption Proceeds Mkt Value As on October 31, 2018 (` ‘000) 5,595.83 4,189.58 2,077.47 756.36 413.94 117.21
Normally despatched within 3-4 Business Days. Returns (Annualised) (%) 11.78 10.50 10.58 9.20 9.28 -4.27
This product is suitable for investors who are seeking ~ after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
NIFTY 50, subject to tracking errors over long term Performance^ - Regular Plan - Growth Option
l investment in equity securities covered by the NIFTY 50 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Riskometer (%) (%)# Returns Scheme (`) Benchmark Additional
(`)##
Oct 31, 17 Last 1 Year 1.60 1.91 4.91 10,160 10,191 10,491
Oct 30, 15 Last 3 Years 9.68 10.22 10.33 13,202 13,396 13,436
Oct 31, 13 Last 5 Years 11.43 11.89 11.75 17,184 17,546 17,430
Jul 17, 02 Since Inception 14.51 16.87 17.48 91,102 126,965 138,209
Returns greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` 10.3260 (allotment
price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct
Investors understand that their principal will be at Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
moderately high risk expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.
HDFC SENSEX ETF (An open ended scheme replicating / tracking S&P BSE SENSEX Index)

The investment objective of HDFC SENSEX ETF is to generate Company Industry+ % to Company Industry+ % to
returns that are commensurate with the performance of the NAV NAV
S&P BSE SENSEX Index, subject to tracking errors.
Scheme will be realized. Equity & Equity Related Hero MotoCorp Ltd. Auto 1.04
l CATEGORY OF SCHEME: Exchange Traded Fund • HDFC Bank Ltd. Banks 11.90 Bajaj Auto Ltd. Auto 1.02
l Fund Manager • Reliance Industries Ltd. Petroleum Products 9.94 Yes Bank Ltd. Banks 1.00
Krishan Kumar Daga (since December 09, 15)
Total Experience: Over 22 years • Housing Development Tata Motors Ltd. Auto 0.94
Finance Corporation Ltd. £ Finance 8.61
l Inception Date (Date of Allotment) Adani Ports and Special
• Infosys Ltd. Software 7.56 Economic Zone Ltd. Transportation 0.73
December 09, 2015
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • ITC Ltd. Consumer Non Durables 6.91 Tata Motors Ltd. DVR Auto 0.14
Growth Option 3,581.76 • ICICI Bank Ltd. Banks 6.60 Sub Total 99.88
aSSETS UNDER MANAGEMENT j (`) IN CRORE • Tata Consultancy Services Ltd. Software 6.02
As on October 31, 2018 71.22 Cash, Cash Equivalents and Net Current Assets 0.12
Average for Month of October, 2018 63.34 • Larsen & Toubro Ltd. Construction Project 4.59
l quantitative data • Kotak Mahindra Bank Ltd. Banks 3.83 Grand Total 100.00
Portfolio Turnover Ratio (Last 1 year) 112.39% • Top Ten Holdings, £ Co-sponsor
l tRACKING ERROR
State Bank of India Banks 3.05
returns for the last 12 months: 0.04% Axis Bank Ltd. Banks 2.98 Industry Allocation of Equity Holding (% of Net Assets)
Total Expense Ratio (As on October 31, 2018) Maruti Suzuki India Ltd. Auto 2.55 Banks 31.44
Including Additional Expenses and Goods and Service Tax
on Management Fees Indusind Bank Ltd. Banks 2.08 Software 14.67
HDFC Sensex ETF 0.05% Consumer Non Durables 11.86
Mahindra & Mahindra Ltd. Auto 2.06
l #BENCHMARK INDEX: S&P BSE SENSEX (Total Returns Index) Petroleum Products 9.94
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Sun Pharmaceuticals
Industries Ltd. Pharmaceuticals 1.81 Finance 8.61
l Exit Load
Asian Paints Ltd. Consumer Non Durables 1.60 Auto 7.75
For Creation Unit Size:
l No Exit load will be levied on redemptions made by Construction Project 4.59
Authorised Participants / Large Investors directly with the NTPC Ltd. Power 1.45
Fund in Creation Unit Size. Power 2.69
Oil & Natural Gas Corporation Ltd. Oil 1.25
For other than Creation Unit Size: Pharmaceuticals 1.81
l N.A.
The Units of HSXETF in other than Creation Unit Size cannot India Ltd. Power 1.24 Oil 1.25
be directly redeemed with the Fund.
Ferrous Metals 1.23
These Units can be redeemed (sold) on a continuous basis on Tata Steel Ltd. Ferrous Metals 1.23
the NSE and BSE during the trading hours on all trading days. Non - Ferrous Metals 1.14
Refer SID for further details. Vedanta Ltd. Non - Ferrous Metals 1.14
Telecom - Services 1.12
For further details, please refer to para ‘Exit Load’ on Pg 51. Bharti Airtel Ltd. Telecom - Services 1.12
l PlanS & Options
Wipro Ltd. Software 1.09 Transportation 0.73
HDFC SENSEX ETF. Presently the Scheme does not offer any
Plans / Options for investment Coal India Ltd. Minerals/Mining 1.05 0 5 10 15 20 25 30 35
l Minimum Application Amount (Under each Plan / Option)
j Includes investments made by the schemes of HDFC Mutual Fund aggregating to Rs. 30.55 Crores
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.

S&P BSE SENSEX, subject to tracking errors over long term
l investmentin equity securities covered by the S&P BSE
SENSEX
Riskometer
Performance*^
(`)##
Oct 31, 17 Last 1 Year 4.84 4.91 1.91 10,484 10,491 10,191
moderately high risk Returns are compounded annualized (CAGR). * The Scheme does not offer any Plans/Options. The Scheme is in existence for more than
~ Investors should consult their financial advisers if in doubt 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51.
Face Value per Unit: ` 2,503.61, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified.
HDFC Index Fund - SENSEX Plan (An open-ended scheme replicating /
tracking S&P BSE SENSEX Index)

The investment objective of the Scheme is to generate returns Company Industry+ % to Company Industry+ % to
that are commensurate with the performance of the S&P BSE NAV NAV
SENSEX Index, subject to tracking errors.
There is no assurance that the investment objective of the Equity & Equity Related Bajaj Auto Ltd. Auto 1.02
Scheme will be realized. Yes Bank Ltd. Banks 1.00
l CATEGORY OF SCHEME: Index Fund Tata Motors Ltd. Auto 0.94
Adani Ports and Special
l Fund Manager • Housing Development Economic Zone Ltd. Transportation 0.73
Krishan Kumar Daga (since October 19, 15) Finance Corporation Ltd. £ Finance 8.60
Tata Motors Ltd. DVR Auto 0.14
Total Experience: Over 22 years • Infosys Ltd. Software 7.56
Sub Total 99.82
l Inception Date (Date of Allotment) • ITC Ltd. Consumer Non Durables 6.91
Cash, Cash Equivalents and Net Current Assets 0.18
July 17, 2002 • ICICI Bank Ltd. Banks 6.60
Grand Total 100.00
• Tata Consultancy Services Ltd. Software 6.02
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Top Ten Holdings, £ Co-sponsor
Direct Plan - Growth Option 307.6461 • Kotak Mahindra Bank Ltd. Banks 3.82
Industry Allocation of Equity Holding (% of Net Assets)
aSSETS UNDER MANAGEMENT (`) IN CRORE Banks 31.42
State Bank of India Banks 3.05
As on October 31, 2018 259.05
Average for Month of October, 2018 254.14 Axis Bank Ltd. Banks 2.98 Software 14.67
Maruti Suzuki India Ltd. Auto 2.54 Consumer Non Durables 11.86
l quantitative data
Indusind Bank Ltd. Banks 2.08 Petroleum Products 9.93
Mahindra & Mahindra Ltd. Auto 2.06 Finance 8.60
l tRACKING ERROR Sun Pharmaceuticals
Industries Ltd. Pharmaceuticals 1.81 Auto 7.74
returns for the last 12 months: 0.09% Asian Paints Ltd. Consumer Non Durables 1.60 Construction Project 4.58
Total Expense Ratio (As on October 31, 2018) NTPC Ltd. Power 1.45 Power 2.69
Including Additional Expenses and Goods and Service Tax Oil & Natural Gas Corporation Ltd. Oil 1.25 Pharmaceuticals 1.81
on Management Fees
Power Grid Corporation of Oil 1.25
Regular: 0.30% Direct: 0.15% India Ltd. Power 1.24
l #BENCHMARK INDEX: S&P BSE Sensex (Total Returns Index) Tata Steel Ltd. Ferrous Metals 1.23 Ferrous Metals 1.23
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Vedanta Ltd. Non - Ferrous Metals 1.14 Non - Ferrous Metals 1.14
Bharti Airtel Ltd. Telecom - Services 1.12 Telecom - Services 1.12
l Exit Load Wipro Ltd. Software 1.09 Minerals/Mining 1.05
l In respect of each purchase / switch-in of Units, an Exit Load
of 0.25% is payable if Units are redeemed / switched-out Coal India Ltd. Minerals/Mining 1.05 Transportation 0.73
within 3 days from the date of allotment. Hero MotoCorp Ltd. Auto 1.04
0 5 10 15 20 25 30 35
l No Exit load is payable if units are redeemed / switched
out after 3 days from the date of allotment.
For further details, please refer to para ‘Exit Load’ on Pg 51.
l PlanS & Options
Regular Plan, Direct Plan. Each Plan offers Growth Option only. SIP SIP SIP SIP SIP SIP
l Minimum Application Amount Total Amount Invested (` ‘000) 1,960.00 1,800.00 1,200.00 600.00 360.00 120.00
Mkt Value As on October 31, 2018 (` ‘000) 5,751.74 4,294.23 2,105.16 763.51 421.06 118.55
Additional Purchase : ` 1,000 and any amount thereafter. Returns (Annualised) (%) 12.07 10.79 10.83 9.58 10.45 -2.23
l Redemption Proceeds Addl. Benchmark Ret. (Annualised) (%) ## 13.86 12.26 11.41 9.67 9.78 -3.97
Normally despatched within 3-4 Business Days. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed

This product is suitable for investors who are seeking ~ Returns Returns Benchmark
l returns that are commensurate with the performance of the (`)# Benchmark
(%) ##
S&P BSE SENSEX, subject to tracking errors over long term. (`)##
l investment in equity securities covered by the S&P BSE Oct 31, 17 Last 1 Year 4.44 4.91 1.91 10,444 10,491 10,191
SENSEX. Oct 30, 15 Last 3 Years 9.96 10.33 10.22 13,302 13,436 13,396
Riskometer Oct 31, 13 Last 5 Years 11.22 11.75 11.89 17,024 17,430 17,546
Jul 17, 02 Since Inception 14.78 17.48 16.87 94,610 138,209 126,965
Returns greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` 32.1610 (allotment
price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct
Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.
Note: Effective close of business hours of May 25, 2018, HDFC Index Fund - SENSEX Plan (the Scheme) underwent changes in
Fundamental Attributes and HDFC Index Fund - SENSEX Plus Plan was merged therein. As the portfolio structuring of the Scheme
is continued, its past performance is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of
scheme dated April 12, 2018.
HDFC TaxSaver (An Open-ended Equity Linked Savings Scheme with a statutory lock in of 3 years and tax benefit)

To generate capital appreciation / income from a portfolio, Company Industry+ % to NAV Company Industry+ % to NAV
comprising predominantly of equity & equity related
instruments. Equity & Equity Related BEML Ltd. Industrial Capital Goods 0.30
There is no assurance that the investment objective of the • Infosys Ltd. Software 8.55 HSIL Ltd. Consumer Durables 0.26
Scheme will be realized. • ICICI Bank Ltd. Banks 8.45 Dynamatic Technologies Ltd. Auto Ancillaries 0.21
• HDFC Bank Ltd. Banks 8.20 Indostar Capital Finance Ltd. Finance 0.20
l CATEGORY OF SCHEME: Equity Linked Savings Scheme
• NTPC Ltd. Power 7.86 Hindustan Construction
l Fund Manager ¥ • State Bank of India Banks 6.88 Company Ltd. Construction Project 0.18
Vinay Kulkarni (since November 21, 06) • GAIL (India) Ltd. Gas 5.97 ICICI Securities Ltd. Finance 0.14
Total Experience: Over 29 years • Reliance Industries Ltd. Petroleum Products 4.82 Blue Dart Express Ltd. Transportation 0.12
• ITC Ltd. Consumer Non Durables 4.75 MPS Ltd. Consumer Non Durables 0.07
l Inception Date (Date of Allotment)
• Larsen & Toubro Ltd. Construction Project 4.28 KEC International Ltd. Construction Project 0.06
March 31, 1996
• Vedanta Ltd. Non - Ferrous Metals 3.80 Siti Networks Ltd. Media & Entertainment 0.05
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Cipla Ltd. Pharmaceuticals 3.28 Ambuja Cements Ltd. Cement 0.02
Regular Plan - Growth Option 490.908 Tata Steel Ltd. Ferrous Metals 3.25 Nestle India Ltd. Consumer Non Durables @
Regular Plan - Dividend Option 56.740 NHPC Ltd. Power 2.25 Sub Total 96.36
Direct Plan - Growth Option 509.168 Oracle Financial Services Cash, Cash Equivalents and Net Current Assets 3.64
Direct Plan - Dividend Option 59.607 Software Ltd. Software 2.24
Grand Total 100.00
aSSETS UNDER MANAGEMENT (`) IN CRORE Axis Bank Ltd. Banks 2.16
Power Grid Corporation of • Top Ten Holdings, @ Less than 0.01%
As on October 31, 2018 6,687.69 India Ltd. Power 1.39
Bharat Petroleum
l quantitative data Corporation Ltd. Petroleum Products 1.36
Bharat Electronics Ltd. Industrial Capital Goods 1.35
L&T Technology Services Ltd. Software 1.27 Industry Allocation of Equity Holding (% of Net Assets)
Risk Ratio Tata Motors Ltd. DVR Auto 1.21
n Standard Deviation 4.900% Banks 25.69
n Beta 1.025 Aurobindo Pharma Ltd. Pharmaceuticals 1.11 Software 13.18
n Sharpe Ratio* 0.060 Solar Industries India Ltd. Chemicals 1.10 Power 12.23
Computed for the 3-yr period ended October 31, 2018. Gujarat Pipavav Port Ltd. Transportation 1.09 Petroleum Products 6.18
Based on month-end NAV. ICICI Prudential Life Insurance Gas 5.97
* Risk free rate: 6.60% (Source: FIMMDA MIBOR) Company Ltd. Finance 1.00
Sadbhav Engineering Ltd. Construction Project 0.88
Total Expense Ratio (As on October 31, 2018) Pharmaceuticals 5.46
Tata Motors Ltd. Auto 0.80
Including Additional Expenses and Goods and Service Tax Consumer Non Durables 5.41
on Management Fees Kalpataru Power
Transmission Ltd. Power 0.73 Non - Ferrous Metals 3.80
Regular: 2.11% Direct: 1.46% eClerx Services Ltd. Software 0.72 Ferrous Metals 3.25
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.59 Auto 2.01
l #BENCHMARK INDEX: NIFTY 500 (Total Returns Index)
GlaxoSmithkline Consumer Consumer Non Industrial Capital Goods 1.99
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Healthcare Ltd. Durables 0.59 Finance 1.90
l Exit Load Max Financial Services Ltd. Finance 0.56 Transportation 1.21
Nil Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.48 Chemicals 1.10
Persistent Systems Ltd. Software 0.40 Pesticides 0.36
l PlanS & Options Rallis India Ltd. Pesticides 0.36 Construction 0.34
Regular Plan, Direct Plan. Under Each Plan : Growth & ITD Cementation India Ltd. Construction 0.34 Consumer Durables 0.26
Dividend. The Dividend Option offers Dividend Payout facility. CG Power & Industrial Auto Ancillaries 0.21
Solutions Ltd. Industrial Capital Goods 0.34 Media & Entertainment 0.05
Sadbhav Infrastructure Project Cement 0.02
Purchase : ` 500 and in multiples of ` 500 thereafter. Ltd.(Corporate Guarantee of
Additional Purchase : ` 500 and in multiples of ` 500 thereafter. Sadbhav Engineering Ltd.) Construction Project 0.34 0 5 10 15 20 25 30
Normally despatched within 3-4 Business Days (Redemption SIP Performance^ - Regular Plan - Growth Option
is subject to completion of Lock-in Period, if applicable). Since Inception 15 year 10 year 5 year 3 year 1 year
l LOCK-IN PERIOD Total Amount Invested (` ‘000) 2,710.00 1,800.00 1,200.00 600.00 360.00 120.00
3 years from the date of allotment of the respective Units Mkt Value As on October 31, 2018 (` ‘000) $$ 62,238.50 5,895.00 2,326.48 747.76 397.42 112.48
¥ Dedicated Fund Manager for Overseas Investments: Returns (Annualised) (%) $$ 23.00 14.48 12.71 8.74 6.53 -11.40
Mr Rakesh Vyas (Total Experience: Over 14 years). Benchmark Returns (Annualised) (%) # 14.90 12.50 12.09 10.05 8.29 -10.19
This product is suitable for investors who are seeking ~ investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
l investment predominantly of equity & equity related Date Period Scheme Benchmark Additional Value of ` 10,000 invested
instruments Returns Returns Benchmark Scheme (`) Benchmark Additional
Riskometer (%) $$ (%)# Returns $$ (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year -8.42 -3.17 1.91 9,158 9,683 10,191
Oct 30, 15 Last 3 Years 9.11 10.39 10.22 12,994 13,459 13,396
Oct 31, 13 Last 5 Years 14.99 14.04 11.89 20,112 19,297 17,546
Mar 31, 96 Since Inception 23.77 13.68 12.31 1,238,356 181,553 137,942
Returns greater than 1 year period are compounded annualized (CAGR). $$ All dividends declared prior to the splitting of the Scheme into
Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). For
performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have
a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses
Investors understand that their principal will be at / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. As TRI data is not available since inception
moderately high risk of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Mar 29, 96 (Data for
March 31, 96 is not available) to Jun 29, 99 and TRI values since Jun 30, 99. As Nifty 500 TRI data is not available for March 31, 96,
~ Investors should consult their financial advisers if in doubt benchmark performance is calculated from March 29, 96.
[An open ended fund for investment for children having a lock-in for at least
HDFC Children’s Gift Fund 5 years or till the child attains age of majority (whichever is earlier)] Ω π

To generate capital appreciation / income from a portfolio
of equity & equity related instruments and debt and money Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
market instruments.
Equity & Equity Related Sonata Software Ltd. Software 0.71
• HDFC Bank Ltd. Banks 5.79 VST Industries Ltd. Consumer Non Durables 0.70
l CATEGORY OF SCHEME: Children’s Fund
• Reliance Industries Ltd. Petroleum Products 4.29 EIH Ltd. Hotels, Resorts & Other
l Fund Manager ¥ Recreational Activities 0.70
Chirag Setalvad (since April 2, 07) The Indian Hotels Company Ltd. Hotels, Resorts & Other
Total Experience - Over 21 years • Infosys Ltd. Software 2.71 Recreational Activities 0.68
l Inception Date (Date of Allotment) • Larsen & Toubro Ltd. Construction Project 2.31 Swaraj Engines Ltd. Industrial Products 0.67
March 2, 2001
• Bajaj Finance Ltd. Finance 2.05 Larsen & Toubro Infotech Ltd. Software 0.62
Regular Plan 112.501 • State Bank of India Banks 2.03 PNC Infratech Ltd. Construction 0.60
Direct Plan 117.896
• NIIT Technologies Ltd. Software 2.02 Vesuvius India Ltd. Industrial Products 0.57
Britannia Industries Ltd. Consumer Non Durables 1.94 Navneet Education Ltd. Media & Entertainment 0.55
As on October 31, 2018 2,326.33
Average for Month of October, 2018 2,281.19 Housing Development Finance Cipla Ltd. Pharmaceuticals 0.54
Corporation Ltd. £ Finance 1.83
l quantitative data
Portfolio Turnover Ratio (Last 1 year) 2.71% Aurobindo Pharma Ltd. Pharmaceuticals 1.50
Average Maturity * 4.01 years V.S.T Tillers Tractors Ltd. Auto 0.51
Macaulay Duration * 2.58 years Motherson Sumi Systems Ltd. Auto Ancillaries 1.47
Modified Duration * 2.45 years Sun Pharmaceuticals
Yield to Maturity * 7.59% Bank of Baroda Banks 1.31 Industries Ltd. Pharmaceuticals 0.50
* Computed on the invested amount for debt portfolio.
Finolex Industries Ltd. Industrial Products 1.23 Century Plyboards (India) Ltd. Consumer Durables 0.50
Including Additional Expenses and Goods and Service Tax Schaeffler India Ltd. Industrial Products 1.20 IPCA Laboratories Ltd. Pharmaceuticals 0.48
on Management Fees
Voltas Ltd. Construction Project 1.16 Mcleod Russel India Ltd. Consumer Non Durables 0.47
l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt UPL Ltd. Pesticides 1.16 Blue Star Ltd. Consumer Durables 0.47
65:35 Index
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) AIA Engineering Ltd. Industrial Products 1.13 Nilkamal Ltd. Industrial Products 0.40
l Exit Load Cholamandalam Investment Apollo Tyres Ltd. Auto Ancillaries 0.40
and Finance Company Ltd. Finance 1.09
Nil
Bharti Airtel Ltd. Telecom - Services 0.38
SKF India Ltd. Industrial Products 1.04
l PlanS & Options Hero MotoCorp Ltd. Auto 0.36
Regular Plan, Direct Plan. Axis Bank Ltd. Banks 1.04
Bayer Cropscience Ltd. Pesticides 0.35
l Minimum Application Amount Maruti Suzuki India Ltd. Auto 0.91
Purchase : ` 5,000 and any amount thereafter. eClerx Services Ltd. Software 0.35
Additional Purchase : ` 1,000 and any amount thereafter. Carborundum Universal Ltd. Industrial Products 0.91
Rallis India Ltd. Pesticides 0.33
l Redemption Proceeds Tata Steel Ltd. Ferrous Metals 0.87
Jagran Prakashan Ltd. Media & Entertainment 0.32
Normally despatched within 3-4 Business Days (Redemption Zensar Technologies Ltd. Software 0.86
is subject to completion of Lock-in Period, if opted). Sadbhav Engineering Ltd. Construction Project 0.31
TI Financial Holdings Ltd. Finance 0.85
l LOCK-IN PERIOD IFB Industries Ltd. Consumer Durables 0.24
Fresh investments by investors including SIP/ STP Supreme Industries Ltd. Industrial Products 0.84
registrations, etc (effective May 23, 2018): Crompton Greaves Consumer
Lock-in period will be compulsory. Lock-in period shall be Vedanta Ltd. Non - Ferrous Metals 0.84 Electricals Ltd. Consumer Durables 0.18
earlier of
l 5 Years from the date of allotment; or Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.79 Persistent Systems Ltd. Software 0.16
l Until the Unit holder (being the beneficiary child) attains
the age of majority (i.e. completion of 18 years) Hexaware Technologies Ltd. Software 0.78 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.16
(¥) Dedicated Fund Manager for Overseas Investments: Mr Rakesh
Indian Bank Banks 0.76 Allahabad Bank Banks 0.13
Vyas (Total Experience - Over 14 years).
(Ω) Eligibility (of Unit holder) : Children less than 18 years of age as Power Grid Corporation of CRISIL Ltd. Finance 0.12
on the date of investment by the Investor / Applicant are eligible as India Ltd. Power 0.76
Unit holders in the Scheme. J.Kumar Infraprojects Ltd. Construction 0.07
(π) Personal Accident Insurance Cover for Parent / Legal Guardian Mahindra Holidays & Resorts Hotels, Resorts & Other
(upto the age of 80 years) of the Unit holder, equivalent to 10 times India Ltd. Recreational Activities 0.73 Jyoti Structures Ltd. Power 0.01
the cost value of the outstanding Units held by the Unit holder under
all the applications / account statements / folios, subject to a maximum Bharti Infratel Ltd. Telecom - Equipment Sub Total 66.04
amount of ` 10 lakhs per Unit holder. The insurance premium in And Accessories 0.72
respect of the personal accident insurance cover will be borne by
the AMC. This accident insurance cover is subject to conditions of
the group personal accident insurance policy.
[An open ended fund for investment for children having a lockin for at least
HDFC Children’s Gift Fund 5 years or till the child attains age of majority (whichever is earlier)] Ω π ....Contd from previous page
Banks 14.13 Debt & Debt Related 7.16 GOI 2023 Sovereign 0.21
Software 8.21 Government Securities 8.20 GOI 2022 Sovereign 0.11
Industrial Products 7.99 • 8.28 GOI 2027 Sovereign 1.98 8.17 GOI 2044 Sovereign 0.08
Finance 5.94 8.12 GOI 2020 Sovereign 1.43 Sub Total 10.92
Petroleum Products 4.29 8.30 GOI 2040 Sovereign 1.36 Credit Exposure
8.32 GOI 2032 Sovereign 1.31 • Axis Bank Ltd. CRISIL - AA+ 4.06
8.83 GOI 2023 Sovereign 1.19 Tata Sons Ltd. CRISIL - AAA 1.53
State Bank of India CRISIL - AA+ 0.46
Consumer Non Durables 3.11 Power Finance Corporation Ltd. CRISIL - AAA 0.09
Auto Ancillaries 2.38 Sub Total 6.14
Hotels, Resorts & Other Recreational Activities 2.11 Cash, Cash Equivalents and Net Current Assets 16.90
Pesticides 1.84 Grand Total 100.00
Auto 1.78 • Top Ten Holdings, £ Co-sponsor
Ferrous Metals 0.87
Power 0.77
Telecom - Equipment And Accessories 0.72
Construction 0.67 Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Equity 66.04
Telecom - Services 0.38 Sovereign 10.92
Equity 66.04
G-Sec 10.92 AAA/AAA(SO)/A1+/A1+(SO)
Credit Exposure 6.14 & Equivalent 1.62
0 2 4 6 8 10 12 14 16 Cash, Cash Equivalents and AA+ 4.52
Net Current Assets 16.90 Cash, Cash Equivalents and

Since Inception SIP 15 year SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP
Mkt Value As on October 31, 2018 (` ‘000) $ 10,228.89 6,080.91 2,677.73 785.86 408.87 116.36
Returns (Annualised) (%) $ 15.85 14.84 15.33 10.73 8.45 -5.58
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
This product is suitable for investors who are seeking ~ simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A. Not Available.
l capital appreciation over long term.
l investment in equity and equity related instruments as well
as debt and money market instruments. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Riskometer (%) $ (%)# Returns(%) ## Scheme (`) Benchmark Additional
$ (`)# Benchmark(`)##
Oct 31, 17 Last 1 Year -1.13 2.10 1.91 9,887 10,210 10,191
Oct 30, 15 Last 3 Years 10.35 9.08 10.22 13,443 12,985 13,396
Oct 31, 13 Last 5 Years 15.84 10.78 11.89 20,864 16,691 17,546
Mar 02, 01 Since Inception 16.39 N.A. 14.08 146,251 N.A. 102,697
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Scheme performance may not strictly be comparable
with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt
Investors understand that their principal will be at instruments. $ Adjusted for Bonus units declared under the Scheme. For performance of other schemes managed by Chirag Setalvad, please refer
moderately high risk page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will
~ Investors should consult their financial advisers if in doubt be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57.
An open ended retirement solution oriented
HDFC Retirement Savings Fund - Equity Plan scheme having a lock-in of 5 years or till
(A notified Tax Savings Cum Pension Scheme) retirement age (whichever is earlier)

The investment objective of the Scheme is to provide long- Company Industry+ / Rating % to Company Industry+ / Rating % to
term capital appreciation/income by investing in a mix of NAV NAV
equity and debt instruments to help investors meet their
retirement goals. There is no assurance that the investment Equity & Equity Related KEI Industries Ltd. Industrial Products 0.53
objective of the Scheme will be realized. • HDFC Bank Ltd. Banks 8.08 Kalpataru Power
Transmission Ltd. Power 0.51
l CATEGORY OF SCHEME: Retirement Fund • Reliance Industries Ltd. Petroleum Products 5.04
l Fund Manager ¥ Finance Corporation Ltd.£ Finance 4.47 Bajaj Electricals Ltd. Consumer Durables 0.45
Chirag Setalvad (Equities) (since February 25, 2016) • ICICI Bank Ltd. Banks 4.15 Bank of Baroda Banks 0.45
Total Experience - Over 21 years & • Larsen & Toubro Ltd. Construction Project 3.42 Divi's Laboratories Ltd. Pharmaceuticals 0.39
Shobhit Mehrotra (Debt) (since February 25, 2016) • Infosys Ltd. Software 3.30 Jagran Prakashan Ltd. Media & Entertainment 0.35
Total Experience: Over 25 years Tata Motors Ltd. DVR Auto 0.33
• Carborundum Universal Ltd. Industrial Products 2.12
l Inception Date (Date of Allotment) • Aurobindo Pharma Ltd. Pharmaceuticals 1.92 Cipla Ltd. Pharmaceuticals 0.32
KEC International Ltd. Construction Project 1.82 Timken India Ltd. Industrial Products 0.32
February 25, 2016
State Bank of India Banks 1.79 CG Power & Industrial Industrial Capital
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Solutions Ltd. Goods 0.30
Aarti Industries Ltd. Chemicals 1.63
Regular Plan 15.754 Kirloskar Oil Engines Ltd. Industrial Products 0.26
Mahindra Holidays & Resorts Hotels, Resorts & Other BEML Ltd. Industrial Capital Goods 0.25
Direct Plan 16.458 India Ltd. Recreational Activities 1.62
Oil & Natural Gas Corporation Ltd. Oil 0.21
aSSETS UNDER MANAGEMENT (`) IN CRORE Chambal Fertilizers &
Chemicals Ltd. Fertilisers 1.54 Greenply Industries Ltd. Consumer Durables 0.04
As on October 31, 2018 534.78 Sub Total 80.90
Average for Month of October, 2018 519.46 NIIT Technologies Ltd. Software 1.49
Finolex Industries Ltd. Industrial Products 1.43 Debt & Debt Related
l quantitative data Sharda Cropchem Ltd. Pesticides 1.37 Government Securities
Portfolio Turnover Ratio 0.86% Atul Ltd. Chemicals 1.36 • 6.84 GOI 2022 Sovereign 4.54
Total Expense Ratio (As on October 31, 2018) The Indian Hotels Company Ltd. Hotels, Resorts & Other • 7.59 GOI 2026 Sovereign 2.76
Including Additional Expenses and Goods and Service Tax Recreational Activities 1.33
Sub Total 7.30
on Management Fees Mcleod Russel India Ltd. Consumer Non Durables 1.32
Credit Exposure
Regular: 2.71% Direct: 1.21% Cholamandalam Investment
and Finance Company Ltd. Finance 1.31 Syndicate Bank CARE - AA- 0.65
l #BENCHMARK INDEX: NIFTY 500 (Total Returns Index) TV Today Network Ltd. Media & Entertainment 1.27 Union Bank of India CARE - AA- 0.52
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Power Grid Corporation of Sub Total 1.17
India Ltd. Power 1.27 Cash, Cash Equivalents and Net Current Assets 10.63
l Exit Load UPL Ltd. Pesticides 1.26
Upon completion of lock-in period: Nil Grand Total 100.00
Axis Bank Ltd. Banks 1.20
l PlanS & Options Hexaware Technologies Ltd. Software 1.16 • Top Ten Holdings, £ Co-sponsor
Regular Plan, Direct Plan. Under Each Plan offers Growth Oriental Carbon & Chemicals Ltd. Chemicals 1.11
Option only. Indusind Bank Ltd. Banks 1.07 Industry Allocation of Equity Holding (% of Net Assets)
IFB Industries Ltd. Consumer Durables 1.06
l Minimum Application Amount Banks 18.47
Nilkamal Ltd. Industrial Products 1.04
Purchase : ` 5,000 and any amount thereafter. Finance 6.59
Additional Purchase : ` 1,000 and any amount thereafter. Software 6.53
Vedanta Ltd. Non - Ferrous Metals 1.03 Industrial Products 6.50
l Redemption Proceeds EIH Ltd. Hotels, Resorts & Other Construction Project 6.28
Normally despatched within 3-4 Business Days (Redemption Recreational Activities 0.95 Petroleum Products 5.98
is subject to completion of Lock-in Period, if opted). Hindustan Petroleum Chemicals 4.10
Corporation Ltd. Petroleum Products 0.94 Hotels, Resorts & Other Recreational Activities 3.90
l LOCK-IN PERIOD
City Union Bank Ltd. Banks 0.92 Pharmaceuticals 3.19
Existing investments by investors including SIP / STP Redington (India) Ltd. Transportation 0.88 Pesticides 2.63
registrations, etc (until June 1, 2018): Consumer Durables 2.12
GNA Axles Ltd. Auto Ancillaries 0.83
Units purchased cannot be assigned / transferred / pledged / Tata Steel Ltd. Ferrous Metals 0.81 Power 1.78
redeemed / switched out until completion of 5 years from the Media & Entertainment 1.62
date of allotment of Units under the Scheme. TI Financial Holdings Ltd. Finance 0.81
Fertilisers 1.54
Fresh investments by investors including SIP / STP Yes Bank Ltd. Banks 0.81 Ferrous Metals 1.48
registrations, etc (effective June 2, 2018): SKF India Ltd. Industrial Products 0.80 Auto Ancillaries 1.32
Units purchased cannot be assigned / transferred / pledged / Tamil Nadu Newsprint & Consumer Non Durables 1.32
redeemed / switched out until completion of 5 years from the Papers Ltd. Paper 0.68 Industrial Capital Goods 1.18
date of allotment of Units or Retirement Age of Unit holder Mahanagar Gas Ltd. Gas 0.67 Non - Ferrous Metals 1.03
(i.e. completion of 60 years), whichever is earlier. Tata Metaliks Ltd. Ferrous Metals 0.67 Auto 0.90
¥ Dedicated Fund Manager for Overseas Investments: Apar Industries Ltd. Industrial Capital Goods 0.63 Transportation 0.88
Mr Rakesh Vyas (Total Experience - Over 14 years). Zensar Technologies Ltd. Software 0.58 Paper 0.68
Gas 0.67
Maruti Suzuki India Ltd. Auto 0.57
Oil 0.21
Blue Star Ltd. Consumer Durables 0.57
This product is suitable for investors who are seeking ~ IPCA Laboratories Ltd. Pharmaceuticals 0.56 0 2 4 6 8 101214161820
l a corpus to provide for pension in the form of income to the
extent of the redemption value of their holding after the age
of 60 years.
l investment predominantly in equity and equity related Performance^ - Regular Plan - Growth Option
instruments. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns Scheme Benchmark
Additional
(%) ## (`) (`)#
Benchmark
(`)##
Oct 31, 17 Last 1 Year -4.90 -3.17 1.91 9,510 9,683 10,191
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad
(Equities) and Shobhit Mehrotra (Debt), please refer page 51. The Scheme is in existence for more than 1 year but less than 3 years. Different
to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64.
Investors understand that their principal will be at ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
HDFC Retirement Savings Fund - Hybrid Equity Plan scheme having a lock-in of 5 years or till

retirement goals. There is no assurance that the investment Equity & Equity Related Divi's Laboratories Ltd. Pharmaceuticals 0.34
Hindustan Petroleum
objective of the Scheme will be realized. • HDFC Bank Ltd. Banks 5.64 Corporation Ltd. Petroleum Products 0.33
• Reliance Industries Ltd. Petroleum Products 4.39 Jagran Prakashan Ltd. Media & Entertainment 0.30
l CATEGORY OF SCHEME: Retirement Fund • Housing Development Sadbhav Engineering Ltd. Construction Project 0.29
Finance Corporation Ltd.£ Finance 4.09 Kirloskar Oil Engines Ltd. Industrial Products 0.27
l Fund Manager ¥ • ICICI Bank Ltd. Banks 3.32 Cipla Ltd. Pharmaceuticals 0.26
Chirag Setalvad (Equities) (since February 25, 2016) • Infosys Ltd. Software 3.15 Greenply Industries Ltd. Consumer Durables 0.26
Total Experience - Over 21 years & • Merck Ltd. Pharmaceuticals 2.82 Tata Motors Ltd. DVR Auto 0.24
Shobhit Mehrotra (Debt) (since February 25, 2016) NIIT Technologies Ltd. Software 2.29 BEML Ltd. Industrial Capital Goods 0.22
Total Experience: Over 25 years Larsen & Toubro Ltd. Construction Project 2.25 Sub Total 66.04
Aarti Industries Ltd. Chemicals 1.88 Debt & Debt Related
l Inception Date (Date of Allotment) Sundram Fasteners Ltd. Auto Ancillaries 1.75 Government Securities
Aurobindo Pharma Ltd. Pharmaceuticals 1.51 • 6.84 GOI 2022 Sovereign 4.78
February 25, 2016 State Bank of India Banks 1.37 • 6.35 GOI 2020 Sovereign 2.43
City Union Bank Ltd. Banks 1.32 7.68 GOI 2023 Sovereign 1.47
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Power Grid Corporation of 7.37 GOI 2023 Sovereign 1.21
Regular Plan 15.475 India Ltd. Power 1.19 8.27 GOI 2020 Sovereign 0.05
Direct Plan 16.181 Oriental Carbon & Chemicals Ltd. Chemicals 1.16 Sub Total 9.94
UPL Ltd. Pesticides 1.16 Credit Exposure
aSSETS UNDER MANAGEMENT (`) IN CRORE Carborundum Universal Ltd. Industrial Products 1.16 • Jamnagar Utilities & Power
Cholamandalam Investment Pvt. Ltd. CRISIL - AAA 4.78
As on October 31, 2018 203.27 and Finance Company Ltd. Finance 1.09
Average for Month of October, 2018 197.31 • State Bank of India CRISIL - AA+ 4.10
The Indian Hotels Company Ltd. Hotels, Resorts & Other Syndicate Bank CARE - AA- 1.72
l quantitative data Recreational Activities 1.07 Reliance Jio Infocomm Ltd. CRISIL - AAA 1.22
Shaily Engineering Plastics Ltd. Industrial Capital Goods 1.07 Sub Total 11.82
Portfolio Turnover Ratio 1.52% Crompton Greaves Consumer Cash, Cash Equivalents and Net Current Assets 12.20
Electricals Ltd. Consumer Durables 1.05 Grand Total 100.00
Total Expense Ratio (As on October 31, 2018) Axis Bank Ltd. Banks 1.03 • Top Ten Holdings, £ Co-sponsor
Including Additional Expenses and Goods and Service Tax Chambal Fertilizers &
on Management Fees Chemicals Ltd. Fertilisers 0.96
Shree Pushkar Chemicals & Industry Allocation of Equity Holding (% of Net Assets)
Fertilisers Limited Chemicals 0.94 Banks 14.19
l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt Mahindra Holidays & Resorts Hotels, Resorts & Other Software 6.75
65:35 Index India Ltd. Recreational Activities 0.84
Blue Star Ltd. Consumer Durables 0.84 Finance 5.97
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Tata Steel Ltd. Ferrous Metals 0.83 Pharmaceuticals 4.93
l Exit Load TI Financial Holdings Ltd. Finance 0.79 Petroleum Products 4.72
Mahanagar Gas Ltd. Gas 0.78 Construction Project 4.04
Upon completion of lock-in period: Nil Voltas Ltd. Construction Project 0.76
KEC International Ltd. Construction Project 0.74 Chemicals 3.98
l PlanS & Options Sonata Software Ltd. Software 0.73 Industrial Products 3.25
Regular Plan, Direct Plan. Under Each Plan offers Growth Vedanta Ltd. Non - Ferrous Metals 0.73 Consumer Durables 2.87
Option only. Bajaj Electricals Ltd. Consumer Durables 0.72 Auto Ancillaries 2.86
Nilkamal Ltd. Industrial Products 0.70 Hotels, Resorts & Other Recreational Activities 1.91
l Minimum Application Amount SKF India Ltd. Industrial Products 0.66
Purchase : ` 5,000 and any amount thereafter. Maruti Suzuki India Ltd. Auto 0.65 Industrial Capital Goods 1.83
Additional Purchase : ` 1,000 and any amount thereafter. MRF Ltd. Auto Ancillaries 0.63 Power 1.68
Bharti Infratel Ltd. Telecom - Equipment Pesticides 1.16
l Redemption Proceeds And Accessories 0.58 Fertilisers 0.96
Normally despatched within 3-4 Business Days (Redemption Zensar Technologies Ltd. Software 0.58
Indusind Bank Ltd. Banks 0.56 Auto 0.89
is subject to completion of Lock-in Period, if opted). Ferrous Metals 0.83
Apar Industries Ltd. Industrial Capital Goods 0.54
l LOCK-IN PERIOD Yes Bank Ltd. Banks 0.52 Gas 0.78
Kalpataru Power Non - Ferrous Metals 0.73
Existing investments by investors including SIP / STP Transmission Ltd. Power 0.49
registrations, etc (until June 1, 2018): Telecom - Equipment And Accessories 0.58
Tamil Nadu Newsprint &
Papers Ltd. Paper 0.48 Paper 0.48
Units purchased cannot be assigned / transferred / pledged / Transportation 0.35
redeemed / switched out until completion of 5 years from the Tube Investments of India Ltd. Auto Ancillaries 0.48
date of allotment of Units under the Scheme. Vesuvius India Ltd. Industrial Products 0.46 Media & Entertainment 0.30
Bank of Baroda Banks 0.43
Fresh investments by investors including SIP / STP Redington (India) Ltd. Transportation 0.35 0 2 4 6 8 10 1214 16
registrations, etc (effective June 2, 2018):
Units purchased cannot be assigned / transferred / pledged / Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
redeemed / switched out until completion of 5 years from the
date of allotment of Units or Retirement Age of Unit holder n Equity 66.04
(i.e. completion of 60 years), whichever is earlier. n Equity 66.04 n Sovereign 9.94
¥ Dedicated Fund Manager for Overseas Investments: n G-Sec 9.94 n AAA/AAA(SO)/A1+/
Mr Rakesh Vyas (Total Experience - Over 14 years). A1+(S0) & Equivalent 6.00
n Cash, Cash Equivalents and n AA/aa- 1.72
This product is suitable for investors who are seeking ~ Net Current Assets 12.20 n Cash, Cash Equivalents and
l a corpus to provide for pension in the form of income to the Net Current Assets 12.20
extent of the redemption value of their holding after the age
of 60 years.
l investment predominantly in equity and equity related
instruments & balance in debt and money market instruments. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns Scheme Benchmark
Additional
(%) ## (`) (`)#
Benchmark
(`)##
Oct 31, 17 Last 1 Year -1.02 2.10 1.91 9,898 10,210 10,191
Returns greater than 1 year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of
its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.
The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad
(Equities) and Shobhit Mehrotra (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense
Investors understand that their principal will be at structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged
in the Regular Plan. For Performance of Direct Plan, refer page no. 64.
moderately high risk ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
HDFC Retirement Savings Fund - Hybrid Debt Plan scheme having a lock-in of 5 years or till

retirement goals. There is no assurance that the investment Cipla Ltd. Pharmaceuticals 0.28
objective of the Scheme will be realized. Equity & Equity Related
Timken India Ltd. Industrial Products 0.28
l CATEGORY OF SCHEME: Retirement Fund • ICICI Bank Ltd. Banks 1.18
TI Financial Holdings Ltd. Finance 0.26
l Fund Manager ¥ HDFC Bank Ltd. Banks 1.16
Mahindra Holidays & Resorts Hotels, Resorts & Other
Chirag Setalvad (Equities) (since February 26, 2016) Sundram Fasteners Ltd. Auto Ancillaries 1.04 India Ltd. Recreational Activities 0.26
Total Experience - Over 21 years & NIIT Technologies Ltd. Software 0.81
Shobhit Mehrotra (Debt) (since February 26, 2016) Bank of Baroda Banks 0.26
Total Experience: Over 25 years Reliance Industries Ltd. Petroleum Products 0.76 Tamil Nadu Newsprint &
l Inception Date (Date of Allotment) Aarti Industries Ltd. Chemicals 0.75 Papers Ltd. Paper 0.23
February 26, 2016 Infosys Ltd. Software 0.70 Poddar Pigments Ltd. Chemicals 0.20
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Orient Refractories Ltd. Industrial Products 0.68 Sadbhav Engineering Ltd. Construction Project 0.18
Regular Plan 12.4616 City Union Bank Ltd. Banks 0.66 BEML Ltd. Industrial Capital Goods 0.18
Direct Plan 13.0106 Kirloskar Oil Engines Ltd. Industrial Products 0.17
aSSETS UNDER MANAGEMENT (`) IN CRORE Tube Investments of India Ltd. Auto Ancillaries 0.16
Carborundum Universal Ltd. Industrial Products 0.58
As on October 31, 2018 56.22 Tata Motors Ltd. DVR Auto 0.09
Average for Month of October, 2018 55.62 Avanti Feeds Ltd. Consumer Non Durables 0.53
Mahanagar Gas Ltd. Gas 0.53 Sub Total 19.54
l quantitative data
Average Maturity * 3.30 years Time Technoplast Ltd. Industrial Products 0.50 Debt & Debt Related
Macaulay Duration * 2.82 years Government Securities
Modified Duration * 2.64 years Blue Star Ltd. Consumer Durables 0.50
Yield to Maturity * 8.58% Oriental Carbon & Chemicals Ltd. Chemicals 0.49 • 7.37 GOI 2023 Sovereign 13.11
State Bank of India Banks 0.48 • 7.68 GOI 2023 Sovereign 12.39
Including Additional Expenses and Goods and Service Tax GNA Axles Ltd. Auto Ancillaries 0.47 • 8.27 GOI 2020 Sovereign 8.80
on Management Fees Bajaj Electricals Ltd. Consumer Durables 0.43 Sub Total 34.30
Zensar Technologies Ltd. Software 0.42 Credit Exposure
l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt SKF India Ltd. Industrial Products 0.41 • Starlite Lighting Ltd.
15:85 Index
Vesuvius India Ltd. Industrial Products 0.41 (Corporate Guarantee of
l ##addl. BENCHMARK INDEX: CRISIL 10 Year Gilt Index Bajaj Electrical Ltd.) ICRA - A+(SO) 8.37
Larsen & Toubro Ltd. Construction Project 0.38
l Exit Load • State Bank of India CRISIL - AA+ 7.85
Upon completion of lock-in period: Nil Nilkamal Ltd. Industrial Products 0.37
• Jamnagar Utilities & Power
l PlanS & Options The Indian Hotels Company Ltd. Hotels, Resorts & Other Pvt. Ltd. CRISIL - AAA 4.32
Regular Plan, Direct Plan. Under Each Plan offers Growth • Syndicate Bank CARE - AA- 3.56
Option only. Hindustan Petroleum
Corporation Ltd. Petroleum Products 0.30 • Reliance Jio Infocomm Ltd. CRISIL - AAA 3.36
Purchase : ` 5,000 and any amount thereafter. Power Grid Corporation of • Union Bank of India CARE - AA- 3.30
Additional Purchase : ` 1,000 and any amount thereafter. India Ltd. Power 0.30 Sub Total 30.76
l Redemption Proceeds Apar Industries Ltd. Industrial Capital Goods 0.29 Cash, Cash Equivalents and Net Current Assets 15.40
Normally despatched within 3-4 Business Days (Redemption Axis Bank Ltd. Banks 0.29
is subject to completion of Lock-in Period, if opted). Grand Total 100.00
Kalpataru Power
l LOCK-IN PERIOD Transmission Ltd. Power 0.29 • Top Ten Holdings
Existing investments by investors including SIP / STP Aurobindo Pharma Ltd. Pharmaceuticals 0.28
registrations, etc (until June 1, 2018):
Units purchased cannot be assigned / transferred / pledged /
redeemed / switched out until completion of 5 years from the Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
date of allotment of Units under the Scheme.
Fresh investments by investors including SIP / STP n Equity 19.54
registrations, etc (effective June 2, 2018):
n Sovereign 34.30
Units purchased cannot be assigned / transferred / pledged / n Equity 19.54
n AAA/AAA(SO)/A1+/
redeemed / switched out until completion of 5 years from the n G-Sec 34.30
date of allotment of Units or Retirement Age of Unit holder A1+(S0) & Equivalent 7.68
(i.e. completion of 60 years), whichever is earlier. n Credit Exposure 30.76 n AA+ 7.85
¥ Dedicated Fund Manager for Overseas Investments: n AA/aa- 6.86
Mr Rakesh Vyas (Total Experience - Over 14 years). n Cash, Cash Equivalents and
n A+ & Below 8.37
This product is suitable for investors who are seeking ~ Net Current Assets 15.40
l a corpus to provide for pension in the form of income to the
extent of the redemption value of their holding after the age Performance^ - Regular Plan - Growth Option
of 60 years.
l investment predominantly in debt and money market Date Period Scheme Benchmark Additional Value of ` 10,000 invested
instruments & balance in equity and equity related Returns Returns Benchmark
instruments. (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
Riskometer (`)##
Oct 31, 17 Last 1 Year -1.27 1.86 -0.47 9,873 10,186 9,953
The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad
(Equities) and Shobhit Mehrotra (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense
structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged
in the Regular Plan. For Performance of Direct Plan, refer page no. 64.
Investors understand that their principal will be at ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
HDFC Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)
l investment objective SIP Performance^ - Regular Plan - Growth Option

To provide capital appreciation by investing in Equity & equity Since Inception SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP
related instruments, Arbitrage opportunities, and Debt & Total Amount Invested (` ‘000) 1,700.00 1,200.00 600.00 360.00 120.00
money market instruments.
Scheme will be realized. Returns (Annualised) (%) 9.34 9.39 8.61 7.73 0.10
Benchmark Returns (Annualised) (%) # N.A. N.A. 7.49 6.89 2.67
l CATEGORY OF SCHEME: Equity Savings Fund
l Fund Manager ¥ Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
Vinay Kulkarni (Equities) (since November 21, 06) after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of
Total Experience: Over 29 years capital. N.A. Not Available.
Krishan Kumar Daga (Equities) (since January 08, 16)
Total Experience: Over 22 years Performance^ - Regular Plan - Growth Option
Anil Bamboli (Debt) (since September 17, 04) Date Period^^ Scheme Benchmark Additional Value of ` 10,000 invested
Total Experience: Over 23 years Returns Returns Benchmark Scheme (`) Benchmark Additional
(%) (%)# Returns (`)# Benchmark
l Inception Date (Date of Allotment) (%) ## (`)##
September 17, 2004 Oct 31, 17 Last 1 Year 1.23 4.09 1.91 10,123 10,409 10,191
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) Oct 30, 15 Last 3 Years 10.12 7.46 10.22 13,361 12,413 13,396
Regular Plan - Growth Option 35.056 Oct 31, 13 Last 5 Years 9.88 8.81 11.89 16,018 15,256 17,546
Regular Plan - Dividend Option 11.070 Sep 17, 04 Since Inception 9.28 N.A. 14.96 35,056 N.A. 71,664
Direct Plan - Growth Option 37.010 ^^Effective December 16, 2015, certain changes, including changes to fundamental attributes, were effected in the erstwhile HDFC Multiple
Direct Plan - Dividend Option 11.821 Yield Fund, (an open ended income scheme) which was renamed as HDFC Equity Savings Fund, an open ended equity scheme. On account of these
changes, the performance during the period(s) from September 17, 2004 to December 15, 2015 is not comparable.
aSSETS UNDER MANAGEMENT (`) IN CRORE Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Scheme performance may not strictly be comparable
As on October 31, 2018 6,884.93 with that of its Additional Benchmark, since a portion of scheme’s investments are made in debt instruments. Performance of dividend option under
Average for Month of October, 2018 6,948.97 the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance.
For performance of other schemes managed by Vinay Kulkarni (Equities), Krishan Kumar Daga (Equities) and Anil Bamboli (Debt), please refer page
l quantitative data 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will
be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63.
Portfolio Turnover Ratio 66.15% ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
Macaulay Duration * 1.51 years
Modified Duration * 1.39 years Industry Allocation of Equity Holding (% of Net Assets)
Yield to Maturity * 8.78% Portfolio Classification by Rating Class (%)
n Equity 66.73 Banks 7.60
Total Expense Ratio (As on October 31, 2018) n Sovereign 0.99 Power 4.16
on Management Fees n AAA/AAA(SO)/A1+/ Software 4.04
A1+(S0) & Equivalent 12.00 Petroleum Products 3.17
n AA+ 4.46
l #BENCHMARK INDEX: 40% NIFTY 50 Arbitrage Index, 30% n AA/aa- 2.62 Construction Project 2.18
Crisil Short Term Bond Fund Index and 30% NIFTY 50 (Total n A+ & Below 2.79 Ferrous Metals 1.78
Returns Index)
n Cash, Cash Equivalents and Gas 1.77
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index) Net Current Assets 10.41 Non - Ferrous Metals 1.45
l Exit Load Pharmaceuticals 1.40
l In respect of each purchase / switch-in of Units, upto 15%
of the units may be redeemed without any exit load from Consumer Non Durables 1.34
the date of allotment. Auto 0.99
l Any redemption in excess of the above limit shall be subject
to the following exit load: This product is suitable for investors who are seeking ~ Pesticides 0.93
n Exit load of 1.00% is payable if Units are redeemed / switched- Finance 0.84
out within 1 year from the date of allotment of units. l capital appreciation while generating income over medium to
long term. Cement
l No Exit Load is payable if Units are redeemed / switched-
l provide capital appreciation and income distribution to the 0.80
out after 1 year from the date of allotment. investors by using equity and equity related instruments, Industrial Capital Goods 0.73
For further details, please refer to para ‘Exit Load’ on Pg 51. arbitrage opportunities, and investments in debt and money
market instruments. Oil 0.72
l PlanS & Options Riskometer Chemicals 0.50
Dividend. The Dividend Option offers Dividend Payout and Transportation 0.47
Reinvestment facility. Construction 0.43
l Minimum Application Amount Minerals/Mining 0.24
Purchase : ` 5,000 and any amount thereafter. Auto Ancillaries 0.13
Paper 0.11
Normally despatched within 3-4 Business Days. Retailing 0.02
moderately high risk Media & Entertainment 0.02
Mr Rakesh Vyas (Total Experience - Over 14 years). ~ Investors should consult their financial advisers if in doubt
about whether the product is suitable for them. 0 1 2 3 4 5 6 7 8
Portfolio Unhedged) Unhedged)
Equity & Equity Related JSW Steel Ltd. Ferrous Metals 1.31 1.31
• ICICI Bank Ltd. Banks 3.80 0.64 Mahindra & Mahindra Ltd. Auto 1.10 0.49
• Reliance Industries Ltd. Petroleum Products 3.43 0.38 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.09 1.09
• Housing Development Finance Corporation Yes Bank Ltd. Banks 0.88 0.88
Ltd.£ Finance 3.17 3.17 Shriram Transport Finance Company Ltd. Finance 0.79 0.79
• NTPC Ltd. Power 3.07 0.00 UPL Ltd. Pesticides 0.77 0.04
• Infosys Ltd. Software 3.02 0.06 Tata Motors Ltd. Auto 0.77 0.55
• Tata Steel Ltd. Ferrous Metals 2.53 0.75 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.73 0.73
• HDFC Bank Ltd. Banks 2.50 0.18 Oil & Natural Gas Corporation Ltd. Oil 0.72 0.00
GAIL (India) Ltd. Gas 2.07 0.31 Hindalco Industries Ltd. Non - Ferrous Metals 0.72 0.72
Larsen & Toubro Ltd. Construction Project 2.04 0.01 LIC Housing Finance Ltd. Finance 0.69 0.49
State Bank of India Banks 1.91 0.15 Maruti Suzuki India Ltd. Auto 0.68 0.68
Aurobindo Pharma Ltd. Pharmaceuticals 1.61 1.11 Indiabulls Housing Finance Ltd. Finance 0.67 0.67
Vedanta Ltd. Non - Ferrous Metals 1.45 0.00 Bharti Airtel Ltd. Telecom - Services 0.63 0.63
ITC Ltd. Consumer Non Durables 1.33 0.00 Power Grid Corporation of India Ltd. Power 0.59 0.00
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. ...Contd on next page
HDFC Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt) ....Contd from previous page
Portfolio
Unhedged) Unhedged)
Axis Bank Ltd. Banks 0.58 0.44 Wipro Ltd. Software 0.06 0.06
Jubilant Foodworks Ltd. Consumer Non Durables 0.57 0.57 Balkrishna Industries Ltd. Auto Ancillaries 0.06 0.06
DLF Ltd. Construction 0.56 0.56 Divi's Laboratories Ltd. Pharmaceuticals 0.06 0.06
ACC Ltd. Cement 0.55 0.00 NMDC Ltd. Minerals/Mining 0.05 0.05
Tech Mahindra Ltd. Software 0.52 0.52 Bajaj Auto Ltd. Auto 0.05 0.03
Titan Company Ltd. Consumer Durables 0.47 0.47 Ceat Ltd. Auto Ancillaries 0.05 0.05
Bajaj Finance Ltd. Finance 0.47 0.47 Punjab National Bank Banks 0.05 0.00
Steel Authority of India Ltd. Ferrous Metals 0.47 0.47 Castrol India Ltd. Petroleum Products 0.04 0.04
Multi Commodity Exchange of India Ltd. Finance 0.44 0.44 PVR Ltd. Media & Entertainment 0.04 0.04
Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.44 0.07 BEML Ltd. Industrial Capital Goods 0.04 0.00
Ambuja Cements Ltd. Cement 0.44 0.23 MRF Ltd. Auto Ancillaries 0.04 0.04
Newgen Software Technologies Ltd. Software 0.43 0.00 Orient Cement Ltd. Cement 0.04 0.00
Rural Electrification Corporation Ltd. Finance 0.42 0.42 KEC International Ltd. Construction Project 0.04 0.00
Tata Global Beverages Ltd. Consumer Non Durables 0.42 0.41 Nestle India Ltd. Consumer Non Durables 0.04 0.04
Cipla Ltd. Pharmaceuticals 0.41 0.02 Reliance Infrastructure Ltd. Power 0.04 0.04
United Spirits Ltd. Consumer Non Durables 0.38 0.38 IDBI Bank Ltd. Banks 0.04 0.04
Tata Chemicals Ltd. Chemicals 0.38 0.00 Kalpataru Power Transmission Ltd. Power 0.04 0.00
Gujarat Pipavav Port Ltd. Transportation 0.38 0.00 Reliance Capital Ltd. Finance 0.04 0.04
L&T Technology Services Ltd. Software 0.37 0.00 Karnataka Bank Ltd. Banks 0.03 0.03
Mahindra & Mahindra Financial Services Ltd. Finance 0.37 0.37 CanFin Homes Ltd. Finance 0.03 0.03
Hero MotoCorp Ltd. Auto 0.36 0.36 NBCC (India) Ltd. Construction 0.03 0.03
Ashok Leyland Ltd. Auto 0.34 0.34 UltraTech Cement Ltd. Cement 0.02 0.02
Capital First Ltd. Finance 0.33 0.33 Cholamandalam Investment and Finance
Escorts Ltd. Auto 0.32 0.32 Company Ltd. Finance 0.02 0.02
Tata Motors Ltd. DVR Auto 0.30 0.16 IFCI Ltd. Finance 0.02 0.02
The Federal Bank Ltd. Banks 0.29 0.29 Granules India Ltd. Pharmaceuticals 0.02 0.02
JMC Projects (India) Ltd. Construction 0.26 0.00 Bata India Ltd. Consumer Durables 0.02 0.02
eClerx Services Ltd. Software 0.26 0.00 RP-SG Business Process Services Software 0.02 0.00
Petronet LNG Ltd. Gas 0.26 0.25 Adani Ports and Special Economic Zone Ltd. Transportation 0.02 0.02
Strides Pharma Science Ltd. Pharmaceuticals 0.25 0.25 Shree Cement Ltd. Cement 0.02 0.02
Grasim Industries Ltd. Cement 0.25 0.25 RP-SG Retail Ltd Retailing 0.02 0.00
Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.25 0.00 S Chand and Company Ltd. Media & Entertainment 0.02 0.00
Adani Power (Mundra) Ltd. (Secured by Shares Godfrey Phillips India Ltd. Consumer Non Durables 0.02 0.02
of Adani Port & SEZ Ltd.) Power 0.25 0.25 SREI Infrastructure Finance Ltd. Finance 0.02 0.02
Coal India Ltd. Minerals/Mining 0.24 0.00 Kotak Mahindra Bank Ltd. Banks 0.01 0.01
Zee Entertainment Enterprises Ltd. Media & Entertainment 0.24 0.24 Piramal Enterprises Ltd. Pharmaceuticals 0.01 0.01
NHPC Ltd. Power 0.24 0.00 Syndicate Bank Banks 0.01 0.01
Eicher Motors Ltd. Auto 0.23 0.23 Lupin Ltd. Pharmaceuticals 0.01 0.01
Jindal Steel & Power Ltd. Ferrous Metals 0.23 0.23 Bajaj Finserv Ltd. Finance 0.01 0.01
SBI Life Insurance Company Ltd. Finance 0.23 0.00 The South Indian Bank Ltd. Banks 0.01 0.01
Dabur India Ltd. Consumer Non Durables 0.23 0.23 Bosch Ltd. Auto Ancillaries @
CESC Ltd. Power 0.22 0.00 Indraprastha Gas Ltd. Gas @
Britannia Industries Ltd. Consumer Non Durables 0.21 0.21 MPS Ltd. Consumer Non Durables @
Raymond Ltd. Textile Products 0.20 0.20 Sub Total 66.73
Rallis India Ltd. Pesticides 0.20 0.00 Preference Shares
Havells India Ltd. Consumer Durables 0.20 0.20 Zee Entertainment Enterprises Ltd. Media & Entertainment @
L&T Finance Holdings Ltd. Finance 0.19 0.19 Sub Total @
Indostar Capital Finance Ltd. Finance 0.19 0.00 Total 66.73
ABB India Ltd. Industrial Capital Goods 0.19 0.00 Debt & Debt Related
Century Textiles & Industries Ltd. Cement 0.18 0.18 Government Securities
Bank of Baroda Banks 0.17 0.00 7.16 GOI 2023 Sovereign 0.99
Tata Communications Ltd. Telecom - Services 0.17 0.17 Sub Total 0.99
Tata Power Company Ltd. Power 0.17 0.17 Money Market Instruments
ITD Cementation India Ltd. Construction 0.17 0.00 CD/CP
Equitas Holdings Ltd. Finance 0.16 0.16 Fullerton India Credit Company Ltd. ICRA - A1+ 0.72
Cadila Healthcare Ltd. Pharmaceuticals 0.16 0.16 Sub Total 0.72
NCC Ltd. Construction Project 0.15 0.15 Credit Exposure
ICICI Prudential Life Insurance Company Ltd. Finance 0.14 0.14 • Housing Development Finance Corporation
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.14 0.00 Ltd.£ CRISIL - AAA / ICRA - AAA 4.38
Tata Consultancy Services Ltd. Software 0.14 0.14 • Punjab National Bank CARE - A+ 2.79
Tata Elxsi Ltd. Software 0.14 0.14 • Power Finance Corporation Ltd. CRISIL - AAA 2.34
Bharat Electronics Ltd. Industrial Capital Goods 0.13 0.08 State Bank of India CRISIL - AA+ 2.29
Apollo Tyres Ltd. Auto Ancillaries 0.13 0.00 HDFC Bank Ltd. CRISIL - AA+ 1.46
Bharat Petroleum Corporation Ltd. Petroleum Products 0.13 0.01 National Bank for Agriculture & Rural
Godrej Consumer Products Ltd. Consumer Non Durables 0.13 0.13 Development CRISIL - AAA 1.30
Power Finance Corporation Ltd. Finance 0.12 0.00 Syndicate Bank CARE - AA- 1.20
Titagarh Wagons Ltd. Industrial Capital Goods 0.12 0.00 Mahindra & Mahindra Financial Services Ltd. CARE - AAA / FITCH - AAA 1.06
Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.12 0.12 Reliance Jio Infocomm Ltd. CRISIL - AAA / ICRA - AAA 1.06
Galaxy Surfactants Ltd Chemicals 0.12 0.00 Rural Electrification Corporation Ltd. CRISIL - AAA 0.86
Motherson Sumi Systems Ltd. Auto Ancillaries 0.11 0.11 Union Bank of India FITCH - AA, AA- 0.75
Bharat Financial Inclusion Ltd. Finance 0.11 0.11 Shriram Transport Finance Company Ltd. CRISIL - AA+ 0.36
Ashoka Buildcon Ltd. Construction Project 0.11 0.00 Canara Bank CRISIL - AA 0.35
Mahanagar Gas Ltd. Gas 0.11 0.11 Axis Bank Ltd. CRISIL - AA+ 0.35
India Cements Ltd. Cement 0.11 0.11 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.17
Wockhardt Ltd. Pharmaceuticals 0.11 0.11 LIC Housing Finance Ltd. CRISIL - AAA 0.14
Arvind Ltd. Textile Products 0.11 0.11 Power Grid Corporation of India Ltd. CRISIL - AAA 0.14
Tamil Nadu Newsprint & Papers Ltd. Paper 0.11 0.00 Bank of Baroda CARE - AA 0.14
Reliance Nippon Life Asset Management Ltd. Finance 0.10 0.00 JM Financial Asset Reconstruction Company Ltd. ICRA - AA- 0.01
Hexaware Technologies Ltd. Software 0.10 0.10 Sub Total 21.15
Ujjivan Financial Services Ltd. Finance 0.10 0.10 Short Term Deposits as margin for Futures & Options 8.62
IRB Infrastructure Developers Ltd. Construction 0.10 0.10 Cash, Cash Equivalents and Net Current Assets 1.79
IDFC Bank Ltd. Banks 0.10 0.10 Grand Total 100.00
Jain Irrigation Systems Ltd. Industrial Products 0.10 0.10 • Top Ten Holdings, £ Co-sponsor , @ Less than 0.01%
Container Corporation of India Ltd. Transportation 0.09 0.00
Vodafone Idea Ltd Telecom - Services 0.09 0.09 Outstanding exposure in derivative instruments (` in Crore) 2,134.65
Reliance Power Ltd. Power 0.08 0.08 Hedged position in Equity & Equity related instruments
Biocon Ltd. Pharmaceuticals 0.08 0.08
Centum Electronics Ltd. Industrial Capital Goods 0.08 0.00 Outstanding derivative exposure (% age) 31.00
HCL Technologies Ltd. Software 0.08 0.08
United Breweries Ltd. Consumer Non Durables 0.08 0.08
Hindustan Unilever Ltd. Consumer Non Durables 0.08 0.08
IDFC Ltd. Finance 0.08 0.08
Max Financial Services Ltd. Finance 0.07 0.07
Godrej Industries Ltd. Consumer Non Durables 0.06 0.06
Hindustan Petroleum Corporation Ltd. Petroleum Products 0.06 0.06
MindTree Ltd. Software 0.06 0.06
Dish TV India Ltd. Media & Entertainment 0.06 0.06
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified.
HDFC Hybrid Debt Fund (An open-ended hybrid scheme investing predominantly in debt
instruments)

To generate income / capital appreciation by investing Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
primarily in debt securities, money market instruments and
moderate exposure to equities. Titagarh Wagons Ltd. Industrial Capital Goods 0.02
Equity & Equity Related
Scheme will be realized. • ICICI Bank Ltd. Banks 2.54 Jaiprakash Power Ventures Ltd. Power 0.02
l CATEGORY OF SCHEME: Conservative Hybrid Fund State Bank of India Banks 2.26 Tata Motors Ltd. DVR Auto @
l Fund Manager ¥ Infosys Ltd. Software 2.02 Rallis India Ltd. Pesticides @
Prashant Jain (Equities) (since December 26, 03)
Total Experience: Over 27 years & Larsen & Toubro Ltd. Construction Project 1.40 Sub Total 25.39
Shobhit Mehrotra (Debt) (since September 1, 07)
Total Experience: Over 25 years Bharat Petroleum
Corporation Ltd. Petroleum Products 1.19 Debt & Debt Related
Power Grid Corporation of Government Securities
December 26, 2003
India Ltd. Power 1.15
• 7.95 GOI 2032 Sovereign 2.30
NTPC Ltd. Power 1.06
Regular Plan - Growth Option 43.3689 • 7.88 GOI 2030 Sovereign 2.30
Regular Plan - Monthly Dividend Option 13.0259 Cipla Ltd. Pharmaceuticals 1.03
Regular Plan - Quarterly Dividend Option 13.7012 7.35 GOI 2024 Sovereign 2.27
Direct Plan - Growth Option 44.7044 HDFC Bank Ltd. Banks 1.00
Direct Plan - Monthly Dividend Option 13.5442 7.59 GOI 2026 Sovereign 1.82
Direct Plan - Quarterly Dividend Option 14.2448 Tata Consultancy Services Ltd. Software 0.68
aSSETS UNDER MANAGEMENT (`) IN CRORE Chambal Fertilizers &
As on October 31, 2018 3,236.18 Chemicals Ltd. Fertilisers 0.66
Average for Month of October, 2018 3,222.36 7.50 GOI 2034 Sovereign 0.87
GAIL (India) Ltd. Gas 0.66
l quantitative data 9.20 GOI 2030 Sovereign 0.84
Average Maturity * 4.33 years Axis Bank Ltd. Banks 0.64
Macaulay Duration * 3.23 years 7.73 GOI 2034 Sovereign 0.75
Modified Duration * 3.03 years Tata Chemicals Ltd. Chemicals 0.64
Yield to Maturity * 8.81% 7.68 GOI 2023 Sovereign 0.31
* Computed on the invested amount for debt portfolio. Power Finance Corporation Ltd. Finance 0.63
Total Expense Ratio (As on October 31, 2018) Tata Steel Ltd. Ferrous Metals 0.58
Including Additional Expenses and Goods and Service Tax 1.44 GOI 2023 Sovereign 0.22
on Management Fees Apar Industries Ltd. Industrial Capital Goods 0.57
Regular: 1.84% Direct: 1.34% 8.28 GOI 2027 Sovereign 0.16
Aurobindo Pharma Ltd. Pharmaceuticals 0.56
l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 8.10 SDL 2025 Sovereign 0.08
15:85 Index
l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index MEP Infrastructure
Developers Ltd. Transportation 0.52 Sub Total 15.24
l Exit Load
l In respect of each purchase / switch-in of Units, 15% of Canara Bank Banks 0.49
Money Market Instruments
the Units (“the limit”) may be redeemed without any exit
load from the date of allotment. Hindustan Petroleum
Corporation Ltd. Petroleum Products 0.48 CD/CP
l Any redemption in excess of the limit shall be subject to
the following exit load: • Fullerton India Credit
n Exit load of 1.00% is payable if Units are redeemed / switched- NHPC Ltd. Power 0.47
Company Ltd. ICRA - A1+ 4.28
out within 1 year from the date of allotment of units.
l No Exit load is payable if Units are redeemed / switched-out Shriram Transport Finance
after 1 year from the date of allotment. Balkrishna Industries Ltd. Auto Ancillaries 0.41 Company Ltd. CRISIL - A1+ 0.77
Rural Electrification PNB Housing Finance Ltd. CRISIL - A1+ 0.30
l PlanS & Options Corporation Ltd. Finance 0.36
Regular Plan, Direct Plan. Under Each Plan : Growth, Monthly Sub Total 5.35
Dividend & Quarterly Dividend Option. The Dividend Option ITD Cementation India Ltd. Construction 0.34
offers Dividend Payout and Reinvestment facility. Credit Exposure
Punjab National Bank Banks 0.33
l Minimum Application Amount • Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 6.13
Avenue Supermarts Ltd. Retailing 0.32
Purchase: (Growth & Quarterly Dividend Option) - ` 5,000 • Rural Electrification
and any amount thereafter. (Monthly Dividend Option) - Syndicate Bank Banks 0.32 Corporation Ltd. CARE - AAA / CRISIL - AAA 4.45
` 25,000 and any amount thereafter.
Additional Purchase : ` 1,000 and any amount thereafter. Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.28 • Reliance Jio Infocomm Ltd. CRISIL - AAA / ICRA - AAA 4.21
l Redemption Proceeds Union Bank of India Banks 0.24 • Food Corporation of India
Normally despatched within 3-4 Business Days. (Corporate guarantee from
CG Power & Industrial Industrial Capital Govt of India) CRISIL - AAA(SO) 3.19
¥ Dedicated Fund Manager for Overseas Investments: Solutions Ltd. Goods 0.19
Mr Rakesh Vyas (Total Experience - Over 14 years).
• State Bank of India CRISIL - AA+, AAA 2.47
Corporation Bank Banks 0.14
• Union Bank of India CARE - AA- / FITCH
Mishra Dhatu Nigam Ltd. Ferrous Metals 0.13 - AA, AA- 2.34
Elecon Engineering Co. Ltd. Industrial Capital Goods 0.03 Punjab National Bank CARE - A+ 2.16
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified.
(An open-ended hybrid scheme investing predominantly in debt
HDFC Hybrid Debt Fund instruments) ....Contd from previous page
Portfolio Classification by Asset Class (%) Portfolio

n Equity 25.39 Tata International Ltd. CARE - A+ 1.82 Shriram City Union Finance Ltd. CARE - AA+ 0.37
n G-Sec, SDL 15.24
Housing Development Finance Hindalco Industries Ltd. CRISIL - AA 0.31
n CD/CP 5.35
Corporation Ltd. £ CRISIL - AAA 1.54
n Credit Exposure 45.60 ECL Finance Ltd. ICRA - A1+ 0.31
HDFC Bank Ltd. CRISIL - AA+ 1.50
n Cash, Cash Equivalents and Export - Import Bank of India CRISIL - AAA 0.32
Net Current Assets 8.42 Canara Bank ICRA - AA 1.48
National Highways Authority
Tata Realty and Infrastructure Ltd. CRISIL - AA 1.45 of India CRISIL - AAA 0.30
Portfolio Classification by Rating Class (%) Andhra Bank CARE - A+ 1.39 LIC Housing Finance Ltd. CRISIL - AAA 0.30
n Equity 25.39 Hazaribagh Ranchi Expressway CARE - AAA(SO) / FITCH Tata Steel Ltd. CARE - AA- 0.16
Ltd. (NHAI Annuity) - AAA(SO) 1.21
n Sovereign 15.24
n AAA/AAA(SO)/A1+/ IIFL Home Finance Ltd. CRISIL - AA 0.16
Tata Power Company Ltd. CRISIL - AA- 1.12
A1+(S0) & Equivalent 33.92 Daimler Financial Services (I)
n AA+ 3.60 Andhra Pradesh Expressway Pvt Ltd. FITCH - AAA 0.09
n AA/aa- 8.02 Ltd.(NHAI Annuity) ICRA - AAA(SO) 0.96
n A+ & Below 5.41 Tata Motors Ltd. CARE - AA+ 0.07
n Cash, Cash Equivalents and Syndicate Bank CARE - AA- 0.94
Net Current Assets 8.42 Vedanta Ltd. CRISIL - AA 0.06
India Ltd. CRISIL - AAA 0.93 Bharati Telecom Limited CRISIL - AA+ 0.05
Indian Railway Finance Asian Satellite Broadcast Pvt.

Corporation Ltd. CRISIL - AAA 0.90 Ltd. (Secured with shares of ZEE
Entertainment Enterprise Ltd.) BRICKWORKS - A+(SO) 0.04
Kotak Mahindra Bank Ltd. CRISIL - AAA 0.79
Sub Total 45.60
National Bank for Agriculture &
Rural Development CRISIL - AAA 0.77 Cash, Cash Equivalents and Net Current Assets 8.42
Bank of Baroda CARE - AA+ 0.76 Grand Total 100.00
Adani Transmission Ltd. FITCH - AA+ 0.55 • Top Ten Holdings, £ Co-sponsor, @ Less than 0.01%

Since Inception SIP 10 year SIP 5 Year SIP 3 Year SIP 1 Year SIP
Total Amount Invested (` ‘000) 1,790.00 1,200.00 600.00 360.00 120.00
Benchmark Returns (Annualised) (%) # 8.33 8.18 7.21 5.59 2.22
Addl. Benchmark Ret. (Annualised) (%) ## 6.03 5.99 5.64 3.22 3.93

(%) (%)# Returns (%) ## Scheme (`) Benchmark Additional
(`)# Benchmark (`)##
This product is suitable for investors who are seeking ~ Oct 31, 17 Last 1 Year -2.33 1.86 -0.47 9,767 10,186 9,953
l to generate long-term income / capital appreciation Oct 30, 15 Last 3 Years 6.87 7.02 5.44 12,211 12,263 11,726
l investments primarily in debt securities, money market Oct 31, 13 Last 5 Years 10.23 8.81 6.99 16,280 15,258 14,018
instruments and moderate exposure to equities
Riskometer
For performance of other schemes managed by Prashant Jain (Equities) and Shobhit Mehrotra (Debt), please refer page 51. Different plans
viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower
Investors understand that their principal will be at Note: Effective close of business hours of May 25, 2018, HDFC MF Monthly Income Plan – Long Term Plan (MIP-LTP) underwent
changes in Fundamental Attributes and was renamed as HDFC Hybrid Debt Fund (HHDF) and HDFC MF Monthly Income Plan – Short
~ Investors should consult their financial advisers if in doubt Term Plan was merged therein. As the portfolio structuring of HHDF closely resembles the erstwhile MIP-LTP, the past performance of
about whether the product is suitable for them. MIP-LTP is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
HDFC Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)

To generate income through arbitrage opportunities and debt Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
& money market instruments.
Equity & Equity Related Adani Power (Mundra) Ltd. Power 0.37
There is no assurance that the investment objective of the (Secured by Shares of Adani
(Quantity fully hedged using Futures/Options) Port & SEZ Ltd.)
• Aurobindo Pharma Ltd. Pharmaceuticals 5.57 HCL Technologies Ltd. Software 0.37
l CATEGORY OF SCHEME: Arbitrage Fund
• Sun Pharmaceuticals Pharmaceuticals 4.43 Wipro Ltd. Software 0.36
l Fund Manager ¥ Industries Ltd.
Krishan Kumar Daga (since September 10, 15) Biocon Ltd. Pharmaceuticals 0.34
Total Experience: Over 22 years UPL Ltd. Pesticides 0.33
• Yes Bank Ltd. Banks 2.78
l Inception Date (Date of Allotment) Larsen & Toubro Ltd. Construction Project 0.32
October 23, 2007 Eicher Motors Ltd. Auto 0.31
IRB Infrastructure Developers Ltd. Construction 0.30
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Indiabulls Housing Finance Ltd. Finance 1.65
DLF Ltd. Construction 0.29
Retail Plan Bharti Airtel Ltd. Telecom - Services 1.65
Regular Plan - Growth Option 21.028 KPIT Technologies Ltd. Software 0.28
Regular Plan - Dividend Option 15.618 Maruti Suzuki India Ltd. Auto 1.56
Mahindra & Mahindra Finance 0.27
Regular Plan - Quarterly Dividend Option 14.946 Steel Authority of India Ltd. Ferrous Metals 1.40 Financial Services Ltd.
Direct Plan - Growth Option 21.634
Direct Plan - Quarterly Dividend Option 16.393 Tech Mahindra Ltd. Software 1.40 Ambuja Cements Ltd. Cement 0.27
Titan Company Ltd. Consumer Durables 1.38 Infosys Ltd. Software 0.25
Wholesale Plan
Regular Plan - Growth Option 21.478 Dabur India Ltd. Consumer Non Durables 1.32 Bajaj Finserv Ltd. Finance 0.25
Regular Plan - Dividend Option 10.433 Britannia Industries Ltd. Consumer Non Durables 1.31
Regular Plan - Monthly Dividend Option 10.843 United Spirits Ltd. Consumer Non Durables 0.24
Direct Plan - Growth Option 13.649 Shriram Transport Finance Finance 1.22 Cadila Healthcare Ltd. Pharmaceuticals 0.24
Direct Plan - Dividend Option 10.777 Company Ltd.
Direct Plan - Monthly Dividend Option 10.504 Piramal Enterprises Ltd. Pharmaceuticals 0.24
Mahindra & Mahindra Ltd. Auto 1.17
aSSETS UNDER MANAGEMENT (`) IN CRORE Tata Motors Ltd. Auto 1.08
Havells India Ltd. Consumer Durables 0.23
As on October 31, 2018 3,515.59 Hindustan Unilever Ltd. Consumer Non Durables 1.07
Average for Month of October, 2018 3,484.85 Wockhardt Ltd. Pharmaceuticals 0.22
Nestle India Ltd. Consumer Non Durables 1.07
Vodafone Idea Ltd Telecom - Services 0.21
l quantitative data Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.98
Portfolio Turnover Ratio (Last 1 year) 154.18% Jain Irrigation Systems Ltd. Industrial Products 0.19
Adani Enterprises Ltd. Trading 0.83
Tata Elxsi Ltd. Software 0.19
Total Expense Ratio (As on October 31, 2018) Balkrishna Industries Ltd. Auto Ancillaries 0.81
Equitas Holdings Ltd. Finance 0.18
Including Additional Expenses and Goods and Service Tax Housing Development Finance Finance 0.78
on Management Fees Corporation Ltd. £ The South Indian Bank Ltd. Banks 0.17
Regular: 0.75% Direct: 0.25% Axis Bank Ltd. Banks 0.75 Hindalco Industries Ltd. Non - Ferrous Metals 0.17
NCC Ltd. Construction Project 0.73 Granules India Ltd. Pharmaceuticals 0.17
l #BENCHMARK INDEX: NIFTY 50 Arbitrage Index
GAIL (India) Ltd. Gas 0.73 Jubilant Foodworks Ltd. Consumer Non Durables 0.16
l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Returns Index)
Multi Commodity Exchange of Finance 0.71 NBCC (India) Ltd. Construction 0.15
l Exit Load India Ltd.
Bharat Petroleum Petroleum Products 0.15
l In respect of each purchase / switch-in of Units, an Exit Zee Entertainment Enterprises Media And 0.68 Corporation Ltd.
Load of 0.25% is payable if Units are redeemed / switched- Ltd. Entertainment
out within 1 month from the date of allotment. Ujjivan Financial Services Ltd. Finance 0.14
ITC Ltd. Consumer Non 0.68
l No Exit Load is payable if Units are redeemed / switched- Durables CanFin Homes Ltd. Finance 0.14
out after 1 month from the date of allotment.
Tata Consultancy Services Ltd. Software 0.67 Bosch Ltd. Auto Ancillaries 0.13
Ashok Leyland Ltd. Auto 0.66 Tata Communications Ltd. Telecom - Services 0.13
l PlanS & Options Arvind Ltd. Textile Products 0.63 Indusind Bank Ltd. Banks 0.13
(Wholesale Plan) - Regular Plan, (Wholesale Plan) - Direct Plan. Strides Pharma Science Ltd. Pharmaceuticals 0.61 Reliance Power Ltd. Power 0.12
Under Each Plan : Growth & Dividend. Dividend Option offers
Monthly Dividend Option and Normal Dividend Option with Tata Motors Ltd. DVR Auto 0.59 UltraTech Cement Ltd. Cement 0.12
Payout and Reinvestment facility. Escorts Ltd. Auto 0.59 MRF Ltd. Auto Ancillaries 0.12
l Minimum Application Amount Capital First Ltd. Finance 0.57 Power Grid Corporation of Power 0.11
India Ltd.
Purchase/Additional Purchase: ` 1 lakh and any amount thereafter. IDFC Bank Ltd. Banks 0.56
Grasim Industries Ltd. Cement 0.11
l Redemption Proceeds JSW Steel Ltd. Ferrous Metals 0.55
Petronet LNG Ltd. Gas 0.11
Normally despatched within 3-4 Business Days. Century Textiles & Industries Ltd. Cement 0.53
Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.10
¥ Dedicated Fund Manager for Overseas Investments: IDFC Ltd. Finance 0.49
United Breweries Ltd. Consumer Non 0.10
Mr Rakesh Vyas (Total Experience: Over 14 years). Raymond Ltd. Textile Products 0.45 Durables
Tata Steel Ltd. Ferrous Metals 0.44 PTC India Ltd. Power 0.09
Bharat Financial Inclusion Ltd. Finance 0.42 TV18 Broadcast Ltd. Media & Entertainment 0.09
Godrej Consumer Products Ltd. Consumer Non Durables 0.42 Hindustan Petroleum Petroleum Products 0.09
Corporation Ltd.
Tata Power Company Ltd. Power 0.42
IDBI Bank Ltd. Banks 0.08
Bajaj Auto Ltd. Auto 0.40
Tata Chemicals Ltd. Chemicals 0.08
Bata India Ltd. Consumer Durables 0.40
Reliance Infrastructure Ltd. Power 0.08
Adani Ports and Special Transportation 0.40
Economic Zone Ltd. Divi's Laboratories Ltd. Pharmaceuticals 0.07
LIC Housing Finance Ltd. Finance 0.39 Reliance Capital Ltd. Finance 0.07
Godrej Industries Ltd. Consumer Non Durables 0.39 ICICI Prudential Life Insurance Finance 0.07
Company Ltd.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. ....Contd on next page
(An open ended scheme investing in
HDFC Arbitrage Fund arbitrage opportunities) ...Contd from previous page
Industry Allocation of Equity Holding Portfolio

(% of Net Assets) Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
Pharmaceuticals 13.01 Gujarat State Fertilizers & Fertilisers 0.06 Debt & Debt Related
Chemicals Ltd.
Banks 9.45 Money Market Instruments
Indian Oil Corporation Ltd. Petroleum Products 0.06
CD/CP
Finance 7.43 PVR Ltd. Media & Entertainment 0.06
Axis Bank Ltd. CRISIL - A1+ 1.41
Consumer Non Durables 6.80 Kajaria Ceramics Ltd. Construction 0.05
Trapti Trading & Investments
Auto 6.36 Container Corporation of Transportation 0.05 Pvt Ltd. ICRA - A1+ 0.14
India Ltd.
Petroleum Products 3.66 CanFin Homes Ltd. ICRA - A1+ 0.14
Ceat Ltd. Auto Ancillaries 0.04
Sub Total 1.69
Software 3.54 IFCI Ltd. Finance 0.04
Credit Exposure
Ferrous Metals 2.39 Rural Electrification Finance 0.04
Corporation Ltd. • Housing Development
Consumer Durables 2.01 Finance Corporation Ltd.£ CRISIL - AAA 4.26
Bharat Electronics Ltd. Industrial Capital Goods 0.04
Telecom - Services 1.99 • Punjab National Bank CARE - A+ 2.14
Marico Ltd. Consumer Non Durables 0.02
Power • Vedanta Ltd. CRISIL - AA 2.07
1.20 NMDC Ltd. Minerals/Mining 0.02
LIC Housing Finance Ltd. CRISIL - AAA 1.43
Auto Ancillaries 1.12 State Bank of India Banks 0.02
Syndicate Bank CARE - AA- 0.69
Textile Products 1.08 Ajanta Pharma Ltd. Pharmaceuticals 0.02
Andhra Bank CARE - A+ 0.58
Construction Project 1.06 Karnataka Bank Ltd. Banks 0.02
Bank of Baroda CARE - AA 0.42
Cement 1.06 Shree Cement Ltd. Cement 0.02
Union Bank of India FITCH - AA 0.26
Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.02
Gas 0.84 ICICI Bank Ltd. CARE - AA+ 0.19
Hexaware Technologies Ltd. Software 0.02
Trading 0.83 HDB Financial Services Ltd. CRISIL - AAA 0.02
Motherson Sumi Systems Ltd. Auto Ancillaries 0.01
Media & Entertainment 0.83 Sub Total 12.06
Torrent Power Ltd. Power 0.01
Short Term Deposits as margin for Futures & Options 18.15
Construction 0.79 Colgate Palmolive (India) Ltd. Consumer Non Durables 0.01
Transportation 0.45 GMR Infrastructure Ltd. Construction Project 0.01
Grand Total 100.00
Non - Ferrous Metals 0.41 India Cements Ltd. Cement 0.01
Tata Global Beverages Ltd. Consumer Non Durables 0.01 • Top Ten Holdings, £ Co-sponsor, @ less than 0.01%
Pesticides 0.33
Apollo Tyres Ltd. Auto Ancillaries 0.01 Outstanding exposure in
Industrial Products 0.19 derivative instruments (` in Crore) 2,359.68
SREI Infrastructure Finance Ltd. Finance @
Chemicals 0.08 Hedged position in Equity & Equity related instruments
L&T Finance Holdings Ltd. Finance @
Fertilisers 0.06 Outstanding derivative exposure (% age) 67.12
Sub Total 67.03
0 2 4 6 8 10 12 14

l income over short term.
Performance^ - Wholesale Plan - Regular Plan - Growth Option
l income through arbitrage opportunities between cash and
derivative market and arbitrage opportunities within the Date Period Scheme Benchmark Additional Value of ` 10,000 invested
derivative segment. Returns Returns Benchmark Scheme (`) Benchmark Additional
Riskometer (%) (%)# Returns (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year 5.67 4.90 1.91 10,567 10,490 10,191
Oct 30, 15 Last 3 Years 5.96 5.26 10.22 11,901 11,666 13,396
Oct 31, 13 Last 5 Years 6.79 6.55 11.89 13,891 13,736 17,546
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Scheme performance is not strictly comparable
with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage
Investors understand that their principal will be at moderately opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular
low risk Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of
~ Investors should consult their financial advisers if in doubt the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59.
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of October 31, 2018 unless otherwise specified.
HDFC Corporate Bond Fund (An open ended debt scheme predominantly
investing in AA+ and above rated corporate bonds)

To generate income/capital appreciation through investments Issuer Rating % to NAV Issuer Rating % to NAV
predominantly in AA+ and above rated corporate bonds.
Debt & Debt Related Food Corporation of India
There is no assurance that the investment objective of the Government Securities (Corporate guarantee from
Scheme will be realized. 8.76 SDL 2022 Sovereign 1.57 Govt of India) CRISIL - AAA(SO) 2.45
l CATEGORY OF SCHEME: Corporate Bond Fund 8.39 SDL 2022 Sovereign 1.43 Housing and Urban
8.94 SDL 2022 Sovereign 1.17 Development Corporation Ltd. ICRA - AAA 2.18
l Fund Manager ¥ 7.42 SDL 2022 Sovereign 0.77 Export - Import Bank of India CRISIL - AAA 2.05
8.21 SDL 2022 Sovereign 0.40 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.04
Anupam Joshi (since October 27, 15) Power Grid Corporation of
Total Experience: Over 12 years 8.66 SDL 2022 Sovereign 0.31
6.17 GOI 2023 Sovereign 0.21 India Ltd. CRISIL - AAA 2.02
8.64 SDL 2021 Sovereign 0.02 Indian Railway Finance
7.68 GOI 2023 Sovereign 0.01 Corporation Ltd. CRISIL - AAA 1.87
June 29, 2010 Small Industries Development
8.21 SDL 2021 Sovereign 0.01
8.39 SDL 2021 Sovereign @ Bank of India CARE - AAA 1.84
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) NTPC Ltd. CRISIL - AAA 1.30
8.51 SDL 2023 Sovereign @
Regular Plan - Growth Option 19.7813 8.08 GOI 2022 Sovereign @ Tata Sons Ltd. CRISIL - AAA 1.17
Regular Plan - Dividend Option 13.4541 Kotak Mahindra Prime Ltd. CRISIL - AAA 1.10
Regular Plan - Quarterly Dividend Option 10.2852 L&T Infrastructure Finance
Direct Plan - Growth Option 19.8954 8.15 SDL 2021 Sovereign @
8.19 GOI 2020 Sovereign @ Company Ltd. CARE - AAA 1.05
Direct Plan - Dividend Option 13.6540 Daimler Financial Services (I)
Direct Plan - Quarterly Dividend Option 10.1806 Sub Total 5.90
Pvt Ltd. FITCH - AAA 0.85
Sikka Ports & Terminals Ltd.
aSSETS UNDER MANAGEMENT (`) IN CRORE CD/CP
(erstwhile Reliance Ports and
As on October 31, 2018 11,270.54 Indusind Bank Ltd. CRISIL - A1+ 0.21
Terminals Ltd.) CRISIL - AAA 0.79
Average for Month of October, 2018 11,542.12 Fullerton India Credit
Andhra Pradesh Expressway
Company Ltd. ICRA - A1+ 0.09
Ltd.(NHAI Annuity) ICRA - AAA(SO) 0.54
l quantitative data Sub Total 0.30
Nabha Power Ltd. (Corporate
Average Maturity * 1.73 years Credit Exposure Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.43
Macaulay Duration * 1.58 years • Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 9.09 Reliance Industries Ltd. CRISIL - AAA 0.39
Modified Duration * 1.46 years • Housing Development Jamnagar Utilities & Power
Yield to Maturity * 8.87% Finance Corporation Ltd.£ CRISIL - AAA 9.01 Pvt. Ltd. CRISIL - AAA 0.39
* Computed on the invested amount. • Bajaj Finance Ltd. CRISIL - AAA / FITCH - AAA 6.62 Toyota Financial Services
• ONGC Petro additions Ltd. India Ltd. CRISIL - AAA 0.26
Total Expense Ratio (As on October 31, 2018) (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 6.09 Gujarat Road and Infra Co Ltd. ICRA - AAA(SO) 0.22
Including Additional Expenses and Goods and Service Tax • Indiabulls Housing Finance Ltd. CARE - AAA 5.10 NHPC Ltd. FITCH - AAA 0.04
on Management Fees • National Bank for Agriculture Mahindra Vehicle
Regular: 0.44% Direct: 0.34% & Rural Development CRISIL - AAA 5.04 Manufacturers Ltd. ICRA - AAA @
• LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 4.95 Sub Total 84.70
l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index • Mahindra & Mahindra
Financial Services Ltd. FITCH - AAA 4.75 Cash, Cash Equivalents and Net Current Assets 9.10
l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index • HDB Financial Services Ltd. CARE - AAA / CRISIL - AAA 4.73 Grand Total 100.00
• Rural Electrification CARE - AAA / CRISIL • Top Ten Holdings, £ Co-sponsor, @ less than 0.01%
l Exit Load Corporation Ltd. - AAA 3.28
Nil National Highways Authority
of India CRISIL - AAA 3.06
l PlanS & Options
Regular Plan, Direct Plan. Under both the Plans: Growth,
Quarterly Dividend & Normal Dividend. Both Dividend options
offer Payout and Reinvestment facilities.
Additional Purchase : ` 1,000 and any amount thereafter. n G-Sec, SDL 5.90
n Sovereign 5.90
n CD/CP 0.30 n AAA/AAA(SO)/A1+/
n Credit Exposure 84.70 A1+(S0) & Equivalent 85.00
Normally despatched within 3-4 Business Days. n Cash, Cash Equivalents and
¥ Dedicated Fund Manager for Overseas Investments: Net Current Assets 9.10
Mr Rakesh Vyas (Total Experience - Over 14 years). Net Current Assets 9.10
l income over short to medium term Date Period Scheme Benchmark Additional Value of ` 10,000 invested
l to generate income/capital appreciation through investments Returns Returns Benchmark
predominantly in AA+ and above rated corporate bonds (`)# Benchmark
(%) ##
Riskometer (`)##
Oct 31, 17 Last 1 Year 4.24 1.74 -0.47 10,424 10,174 9,953
Oct 30, 15 Last 3 Years 7.43 6.78 5.44 12,403 12,179 11,726
Oct 31, 13 Last 5 Years 8.40 8.58 6.99 14,974 15,098 14,018
Jun 29, 10 Since Inception 8.52 7.71 6.02 19,781 18,588 16,282
Returns greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors
would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different
Investors understand that their principal will be
at moderately low risk ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.
Note: Effective close of business hours of May 8, 2018, HDFC Medium Term Opportunities Fund (HMTOF) underwent changes in Fundamental
~ Investors should consult their financial advisers if in doubt Attributes and was renamed as HDFC Corporate Bond Fund (HCBF) and HDFC Floating Rate Income Fund – Long Term Plan and HDFC Gilt Fund
about whether the product is suitable for them. – Short Term Plan were merged therein. As the portfolio structuring of HCBF closely resembles the erstwhile HMTOF, the past performance
of HMTOF is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of October 31, 2018 unless otherwise specified.
HDFC Credit Risk Debt Fund (An open ended debt scheme predominantly investing in AA and
below rated corporate bonds [excluding AA+ rated corporate bonds])
l investment objective l #BENCHMARK INDEX: Crisil Short Term Bond Fund Index Portfolio Classification by Asset Class (%)
To generate income/capital appreciation by investing l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index
predominantly in AA and below rated corporate debt.
l Exit Load n SDL 0.29
Scheme will be realized. l In respect of each purchase / switch-in of Units, 15% of n CD/CP 1.97
the units (“the limit”) may be redeemed without any exit
l CATEGORY OF SCHEME: Credit Risk Fund n Credit Exposure 93.16
Load from the date of allotment
l Any redemption in excess of the above limit shall be subject n Cash, Cash Equivalents and
l Fund Manager ¥
to the following exit load: Net Current Assets 4.58
Shobhit Mehrotra (since March 25, 14) n In respect of each purchase / switch-in of Units, an Exit Load
of 1.00% is payable if Units are redeemed / switched-out
l Inception Date (Date of Allotment) within 12 months from the date of allotment
n In respect of each purchase / switch-in of Units, an Portfolio Classification by Issuer Rating Class (%) ≈
March 25, 2014
Exit Load of 0.50% is payable if Units are redeemed
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) / switched-out after 12 months but within 18 months
n Sovereign 0.29
Regular Plan - Growth Option 14.6471 from the date of allotment
n AAA/AAA(SO)/A1+/
Regular Plan - Dividend Option 13.4867 l No Exit Load is payable if Units are redeemed / switched-out
Regular Plan - Quarterly Dividend Option 10.3547 after 18 months from the date of allotment
n AA+ 4.65
Direct Plan - Growth Option 15.2510 For further details, please refer to para ‘Exit Load’ on Pg 51. n AA/aa- 46.61
Direct Plan - Dividend Option 13.3687 n A+ & Below 20.79
Direct Plan - Quarterly Dividend Option 10.4810 l PlanS & Options n Cash, Cash Equivalents and
aSSETS UNDER MANAGEMENT (`) IN CRORE Regular Plan, Direct Plan. Under Each Plan: Growth, Quarterly Net Current Assets 4.58
Dividend and Normal Dividend. Both Dividend options offers
As on October 31, 2018 17,169.86
Payout and Reinvestment facilities.
l quantitative data
Average Maturity * 2.52 years Purchase : ` 5,000 and any amount thereafter.
Macaulay Duration * 2.17 years Additional Purchase : ` 1,000 and any amount thereafter.
Yield to Maturity * 9.93%
* Computed on the invested amount. Normally despatched within 3-4 Business Days.
Including Additional Expenses and Goods and Service Tax on
Management Fees This product is suitable for investors who are seeking ~
Regular: 1.64% Direct: 1.02% l income over short to medium term
l togenerate income/capital appreciation by investing
predominantly in AA and below rated corporate debt
(excluding AA+ rated corporate bonds)
Performance^ - Regular Plan - Growth Option Riskometer
(`)##
Oct 31, 17 Last 1 Year 3.05 4.69 -0.47 10,305 10,469 9,953
Oct 30, 15 Last 3 Years 7.31 7.11 5.44 12,363 12,292 11,726
The above returns are for Regular Plan - Growth Option. Returns greater than 1 year period are compounded annualized (CAGR). The Scheme
is in existence for more than 1 year but less than 5 years. Performance of dividend option under the schemes for the investors would be net Investors understand that their principal will be
at moderate risk
of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes
managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The ~ Investors should consult their financial advisers if in doubt
expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular about whether the product is suitable for them.
Plan. For Performance of Direct Plan, refer page no. 58.
Note: Effective close of business hours of May 8, 2018, HDFC Corporate Debt Opportunities Fund (HCDOF) underwent changes in Fundamental Attributes and was renamed as HDFC Credit Risk Debt
Fund (HCRDF) and HDFC Regular Savings Fund was merged therein. As the portfolio structuring of HCRDF closely resembles the erstwhile HCDOF, the past performance of HCDOF is provided, in line
with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
Company Industry+ / Security Issuer Rating % to NAV Company Industry+ / Security Issuer Rating % to NAV
Rating Rating
Debt & Debt Related • Tata Steel Ltd. CARE - AA, AA- CARE - AA 2.82
Government Securities • Jamnagar Utilities & Power Pvt. Ltd. CRISIL - AAA CRISIL - AAA 2.63
8.39 SDL 2022 Sovereign - Sovereign 0.29 • HDFC Bank Ltd. CRISIL - AA+ CRISIL - AAA 2.58
Sub Total 0.29 • Adani Transmission Ltd. FITCH - AA+ FITCH - AA+ 2.43
Money Market Instruments • Talwandi Sabo Power Ltd(Corporate
CD/CP Guarantee of Vedanta Ltd.) CRISIL - AA(SO) FITCH - A+ 2.42
Simplex Infrastructures Ltd. CARE - A2+ CARE - A- 1.68 Punjab National Bank CARE - A+ ICRA - AA- 2.32
Bajaj Electricals Ltd. CARE - A1+ ICRA - A+ 0.29 Dilip Buildcon Ltd. CRISIL - A+ CARE - A+ 2.27
Sub Total 1.97 Nuvoco Vistas Corporation Ltd. (100%
subsidiary of Nirma Ltd. & erstwhile
Credit Exposure Lafarge India Ltd.) CRISIL - AA CRISIL - AA 2.27
• HPCL-Mittal Energy Ltd. FITCH - AA ICRA - AA 4.19 Sikka Ports & Terminals Ltd. (erstwhile
Reliance Ports and Terminals Ltd.) CRISIL - AAA CRISIL - AAA 2.13
• Vedanta Ltd. CRISIL - AA CRISIL - AA 4.15
Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA CRISIL - AAA 2.09
• Tata International Ltd. CARE - A+ ICRA - A 4.12
Adani Rail Infra Private Ltd. (Secured
• Rural Electrification Corporation Ltd. CARE - AAA / CRISIL - AAA CRISIL - AAA 3.44 by Shares of Adani Ports and Adani
• Tata Power Company Ltd. CARE - AA / CRISIL Transmission) BRICKWORKS - A1+(SO) BRICKWORKS - AA- 2.07
- AA- / ICRA - AA- CRISIL - AA- 3.14 Muthoot Finance Ltd. ICRA - AA ICRA - AA- 1.84
Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. ≈ Based on long term rating.
(An open ended debt scheme predominantly investing
HDFC Credit Risk Debt Fund in AA and below rated corporate bonds [excluding AA+
rated corporate bonds])...Contd from previous page
Company Industry+ / Security Issuer Rating % to NAV Company Industry+ / Security Issuer Rating % to NAV
Rating Rating
Tata Sky Ltd. (Subsidiary of Tata Sons) CRISIL - AA CRISIL - AA 1.83 Andhra Bank CARE - A+ CRISIL - AA 0.40
DB Consolidated Private Ltd PNB Housing Finance Ltd. CARE - AAA CRISIL - AA+ 0.36
(Dainik Bhaskar Group Company) Unrated INTERNAL - A-(SO) 1.75 Au Small Finance Bank Ltd. FITCH - AA- CRISIL - A 0.36
Housing Development Finance Aarti Industries Ltd. CRISIL - AA- CRISIL - AA- 0.36
Corporation Ltd.£ CRISIL - AAA CRISIL - AAA 1.65
Reliance Jio Infocomm Ltd. CRISIL - AAA CRISIL - AAA 1.60 Repco Home Finance Ltd. CARE - AA ICRA - AA- 0.32
Prism Johnson Ltd. FITCH - A- / ICRA - A- ICRA - A- 1.49 Raviraj Viniyog Pvt. Ltd.
(Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - AA-(SO) 0.32
Sadbhav Infrastructure Project Ltd. Emami Infrastructure Ltd.
(Corporate Guarantee of Sadbhav (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - AA-(SO) 0.31
Engineering Ltd.) CARE - A+(SO) CARE - A+(SO) 1.45
Aasan Corporate Solutions Pvt. Ltd. JM Financial Credit Solutions Ltd. ICRA - AA CRISIL - AA 0.31
(Ajay Piramal Group Co) ICRA - AA-(SO) ICRA - AA-(SO) 1.31 Edisons Infrapower & Multiventures
TMF Holdings Ltd. Pvt. Ltd. (Secured with shares of ZEE
(subsidiary of Tata Motors Ltd.) CRISIL - AA CRISIL - AA 1.12 Entertainment Enterprise Ltd. & Dish
TV Ltd.) BRICKWORKS - A+(SO) INTERNAL - A+(SO) 0.30
JM Financial Asset Reconstruction Aditya Birla Fashion and Retail Ltd. CRISIL - AA CRISIL - AA 0.29
Company Ltd. ICRA - AA- CRISIL - AA- 1.08
Primat Infrapower & Multiventures L&T Housing Finance Ltd. CARE - AAA CARE - AAA 0.28
Private Ltd. (Secured with shares of L&T Finance Ltd. CARE - AAA CARE - AAA 0.28
ZEE Entertainment Enterprise Ltd. & BRICKWORKS - A+(SO),
Dish TV Ltd.) AA-(SO) INTERNAL - A 1.04 HDB Financial Services Ltd. CARE - AAA CRISIL - AAA 0.28
Hinduja Leyland Finance Ltd. CARE - AA- CARE - AA- 1.04 Tata Sons Ltd. CRISIL - AAA CRISIL - AAA 0.28
Power Grid Corporation of India Ltd. CRISIL - AAA CRISIL - AAA 1.03 India infoline Finance Ltd. ICRA - AA CRISIL - AA 0.28
Hindalco Industries Ltd. CRISIL - AA CRISIL - AA 0.99 Sadbhav Engineering Ltd. CARE - A+ CARE - A+ 0.24
Indiabulls Housing Finance Ltd. CARE - AAA / CRISIL - AAA CRISIL - AA+ 0.87 Hazaribagh Ranchi Expressway Ltd. CARE - AAA(SO) / FITCH
(NHAI Annuity) - AAA(SO) CARE - AAA(SO) 0.24
Raj Infra Properties Pvt. Ltd.
(Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - AA-(SO) 0.86 KKR India Financial Services Pvt Ltd. CRISIL - AA+ CRISIL - AA+ 0.23
Gera Development Pvt. Ltd. CARE - A+ CARE - A+ 0.81 G R Infraprojects Ltd. CARE - AA- CARE - AA- 0.21
Tata Motors Ltd. CARE - AA+ CRISIL - AA 0.78 Aspire Home Finance Corporation Ltd.
(Subsidiary of Motilal Oswal Financial
LIC Housing Finance Ltd. CRISIL - AAA CRISIL - AAA 0.73 Services Ltd.) CRISIL - A+ / ICRA - A+ CRISIL - A+ 0.21
Simplex Infrastructures Ltd. CARE - A- CARE - A- 0.72 Bhanu Vyapar Pvt. Ltd.
Tata Housing Development Company Ltd. ICRA - AA CARE - AA 0.71 (Secured with shares of Emami Ltd.) FITCH - AA-(SO) FITCH - AA-(SO) 0.21
KEC International Ltd. ICRA - AA- CARE - AA- 0.69 Century Textiles & Industries Ltd. CRISIL - AA CARE - AA- 0.19
Union Bank of India FITCH - AA CARE - AA- 0.66 Arm Infra & Utilities Pvt. Ltd.
(Secured with shares of ZEE BRICKWORKS - A+,
Tata Motors Finance Ltd. CARE - AA+ CRISIL - AA 0.64 Entertainment Enterprise Ltd.) AA- BRICKWORKS - A+(SO) 0.18
Starlite Lighting Ltd. (Corporate Food Corporation of India (Corporate
Guarantee of Bajaj Electrical Ltd.) ICRA - A+(SO) ICRA - A+(SO) 0.61 guarantee from Govt of India) CRISIL - AAA(SO) CRISIL - AAA(SO) 0.18
NTPC Ltd. CRISIL - AAA / ICRA - AAA CRISIL - AAA 0.61 ECL Finance Ltd. CARE - AA CRISIL - AA 0.15
Cholamandalam Investment and Syndicate Bank CARE - AA- CRISIL - AA 0.15
Finance Company Ltd. CRISIL - AA+/ICRA - AA+ CARE - AA 0.60 Mahanagar Telephone Nigam Ltd.
Export - Import Bank of India CRISIL - AAA CRISIL - AAA 0.59 (Corporate guarantee from Govt of
Tata Realty and Infrastructure Ltd. CRISIL - AA CRISIL - AA 0.58 India) CARE - AAA(SO) CRISIL - AAA(SO) 0.15
Coastal Gujarat Power Ltd. CARE - AA(SO) CARE - AA(SO) 0.57 Bajaj Finance Ltd. CRISIL - AAA CRISIL - AAA 0.14
Indostar Capital Finance Ltd. CARE - AA- CARE - AA- 0.57 National Bank for Agriculture & Rural
Development CRISIL - AAA CRISIL - AAA 0.14
Tata Capital Financial Services Ltd. ICRA - AAA CRISIL - AAA 0.57 Sundaram Finance Ltd. ICRA - AAA FITCH - AA+ 0.14
Bharat Petroleum Corporation Ltd. CRISIL - AAA CRISIL - AAA 0.56 National Highways Authority of India CRISIL - AAA CRISIL - AAA 0.14
Shriram Transport Finance Company Ltd. CARE - AA+ / CRISIL - ONGC Petro additions Ltd. (OPAL) (Put
AA+ / FITCH - AA+ CRISIL - AA+ 0.56 on ONGC Ltd.) CRISIL - AAA(SO) FITCH - A+ 0.14
Axis Bank Ltd. CRISIL - AA+ CRISIL - AAA 0.55 Kalpataru Power Transmission Ltd. CRISIL - AA CRISIL - AA 0.12
Elena Renewable Energy Pvt Ltd. Asian Satellite Broadcast Pvt.
(Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Ltd. (Secured with shares of ZEE
Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Entertainment Enterprise Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - A+ 0.12
Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 NHPC Ltd. ICRA - AAA CRISIL - AAA 0.11
Shreyas Renewable Energy Pvt Ltd. Volkswagen Finance Pvt. Ltd. FITCH - AAA FITCH - AAA 0.10
(Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Aavas Financiers Ltd.(Formerly known
Pratyash Renewable Pvt Ltd. as Au Housing Finance Ltd.) ICRA - A+ CRISIL - A 0.09
(Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 IIFL Home Finance Ltd. CRISIL - AA CRISIL - AA 0.06
SEI Enerstar Renewable Energy Pvt Petronet LNG Ltd. CRISIL - AAA CRISIL - AA+ 0.06
Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48
Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Sprit Infrapower & Multiventures
Pvt. Ltd. (Secured with shares of Zee
Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Entertainment Enterprise Ltd. & Dish
TV Ltd.) BRICKWORKS - A+(SO) INTERNAL - A+ 0.05
SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48
Tube Investments of India Ltd. CRISIL - AA+ CRISIL - AA 0.02
SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) BRICKWORKS - AA-(SO) 0.48
Sub Total 93.16
Prabhakar Viniyog Pvt. Ltd.
(Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) FITCH - AA-(SO) 0.45 Cash, Cash Equivalents and Net Current Assets 4.58
Infiniti Retail Ltd. Grand Total 100.00
(Subsidiary of Tata Sons) CARE - A+ CARE - A+ 0.45
Inox Air Products Ltd. CRISIL - AA CRISIL - AA 0.42 • Top Ten Holdings, £ Co-sponsor
APL Apollo Tubes Ltd. CARE - AA- CARE - AA- 0.41
Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of October 31, 2018 unless otherwise specified.
(An open ended debt scheme predominantly investing in debt
HDFC Banking and PSU Debt Fund instruments of banks, Public Sector Undertakings, Public Financial
Institutions and Municipal Bonds)

To generate income / capital appreciation through Issuer Rating % to Issuer Rating % to
investments in debt and money market instruments NAV NAV
consisting predominantly of securities issued by entities
such as Scheduled Commercial Banks (SCBs), Public Sector Debt & Debt Related LIC Housing Finance Ltd. CRISIL - AAA 1.60
undertakings (PSUs), Public Financial Institutions (PFIs),
Municipal Corporations and such other bodies. Credit Exposure Tata Power Company Ltd. CRISIL - AA- 0.92
There is no assurance that the investment objective of the • National Highways Authority Indian Railway Finance
Scheme will be realized. of India CRISIL - AAA 11.50 Corporation Ltd. CRISIL - AAA 0.85
l CATEGORY OF SCHEME: Banking and PSU Fund • Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 9.31 Vedanta Ltd. CRISIL - AA 0.69
¥ • National Bank for Agriculture SEI Enerstar Renewable
l Fund Manager Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42
& Rural Development CRISIL - AAA 8.88
Anil Bamboli (since March 26, 14) Shreyas Renewable Energy
Total Experience: Over 23 years • Power Grid Corporation of Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42
India Ltd. CRISIL - AAA 7.26
l Inception Date (Date of Allotment) Divyesh Power Pvt Ltd.
• Food Corporation of India (Greenko) CARE - AA-(SO) 0.42
March 26, 2014 (Corporate guarantee from
Govt of India) CRISIL - AAA(SO) 6.64 Zuvan Energy Pvt Ltd.
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) (Greenko) CARE - AA-(SO) 0.42
• Rural Electrification CRISIL - AAA / FITCH
Regular Plan - Growth Option 14.2961 Corporation Ltd. - AAA 5.41 SEI Mihir Energy Pvt Ltd.
Regular Plan - Dividend Option 10.2587 (Greenko) CARE - AA-(SO) 0.42
Direct Plan - Growth Option 14.4670 • Tata International Ltd. CARE - A+ 5.26
Direct Plan - Dividend Option 10.3205 Aashman Energy Pvt Ltd.
• Mahanagar Telephone (Greenko) CARE - AA-(SO) 0.42
Nigam Ltd. (Corporate CARE - AAA, AAA(SO)
aSSETS UNDER MANAGEMENT (`) IN CRORE guarantee from Govt of / CARE - AAA / CRISIL Elena Renewable Energy Pvt
As on October 31, 2018 2,800.87 India) - AAA(SO) 5.12 Ltd. (Greenko) CARE - AA-(SO) 0.42
Average for Month of October, 2018 2,830.69 Pratyash Renewable Pvt Ltd.
• Syndicate Bank CARE - AA- 4.69 (Greenko) CARE - AA-(SO) 0.42
l quantitative data • Union Bank of India CARE - AA- / FITCH SEI Baskara Power Pvt Ltd.
Average Maturity * 2.82 years - AA, AA- 4.59 (Greenko) CARE - AA-(SO) 0.42
Macaulay Duration * 2.41 years
Modified Duration * 2.22 years Bank of Baroda CARE - AA 3.09 Housing Development CRISIL - AAA / ICRA
Yield to Maturity * 9.26% Export - Import Bank of India CRISIL - AAA 2.32 Finance Corporation Ltd.£ - AAA 0.39
* Computed on the invested amount. Hazaribagh Ranchi
ONGC Petro additions Ltd. Expressway Ltd. (NHAI CARE - AAA(SO) /
Total Expense Ratio (As on October 31, 2018) (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 1.96 Annuity) FITCH - AAA(SO) 0.29
Including Additional Expenses and Goods and Service Tax HDFC Bank Ltd. CRISIL - AA+ 1.91
on Management Fees State Bank of India CRISIL - AA+ 0.05
Regular: 0.80% Direct: 0.35% Punjab National Bank CARE - A+ 1.83 Sub Total 93.41
Small Industries Development
l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index Bank of India CARE - AAA 1.77 Cash, Cash Equivalents and Net Current Assets 6.59
l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index NTPC Ltd. CRISIL - AAA 1.69 Grand Total 100.00
Andhra Bank CARE - A+ 1.61 • Top Ten Holdings, £ Co-sponsor
l Exit Load
Nil
l PlanS & Options

Regular Plan, Direct Plan. Under Each Plan: Growth &
Dividend. The Dividend Option offers Dividend Payout and
l Minimum Application Amount Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
l Redemption Proceeds n AAA/AAA(SO)/A1+/

Normally despatched within 3-4 Business Days. n Credit Exposure 93.41 n AA+ 1.96
Net Current Assets 6.59 n A+ & Below 8.70
l income over short to medium term.
l to generate income / capital appreciation through investments
in debt and money market instruments consisting predominantly
of securities issued by entities such as Scheduled Commercial
Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Performance^ - Regular Plan - Growth Option
Institutions (PFIs), Municipal Corporations and such other bodies
(`)##
Oct 31, 17 Last 1 Year 3.03 4.69 6.11 10,303 10,469 10,611
Oct 30, 15 Last 3 Years 7.12 7.11 6.47 12,295 12,292 12,074
The above returns are for Regular Plan - Growth Option. Returns greater than 1 year period are compounded annualized (CAGR).
The Scheme is in existence for more than 1 year but less than 5 years. Performance of dividend option under the schemes for the
Investors understand that their principal will be investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer
at moderate risk page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the
Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan,
~ Investors should consult their financial advisers if in doubt refer page no. 61.
Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified.
HDFC Gilt Fund (An open ended debt scheme investing in government securities across maturities)

To generate credit risk-free returns through investments in Issuer Rating % to Issuer Rating % to
sovereign securities issued by the Central Government and/ NAV NAV
or State Government.
There is no assurance that the investment objective of the Debt & Debt Related 7.16 GOI 2023 Sovereign 0.65
Government Securities 8.24 GOI 2033 Sovereign 0.36
l CATEGORY OF SCHEME: Gilt Fund
• 7.37 GOI 2023 Sovereign 11.68 7.73 GOI 2034 Sovereign 0.24
l Fund Manager ¥ • 6.57 GOI 2033 Sovereign 8.69 7.95 GOI 2032 Sovereign 0.10
Anil Bamboli (since September 1, 07)
Total Experience: Over 23 years • 7.35 GOI 2024 Sovereign 7.75 8.97 GOI 2030 Sovereign 0.09
• 6.84 GOI 2022 Sovereign 6.07 Sub Total 63.08

July 25, 2001 • 8.08 GOI 2022 Sovereign 5.07 T-bills
• 8.21 SDL 2022 Sovereign 4.15 • 182 Days TBill - Mat 080319 Sovereign 18.32
Regular Plan - Growth Option 35.6254 • 8.61 SDL 2022 Sovereign 3.21 • 91 Days TBill - Mat 141218 Sovereign 4.97
Direct Plan - Growth Option 36.4577 8.20 GOI 2025 Sovereign 2.12 • 91 Days TBill - Mat 291118 Sovereign 4.15
Direct Plan - Dividend Option 11.3503
8.20 GOI 2022 Sovereign 2.12 182 Days TBill - Mat 131218 Sovereign 2.07
aSSETS UNDER MANAGEMENT (`) IN CRORE 8.39 SDL 2022 Sovereign 2.09 91 Days Tbill - ISD 270918
As on October 31, 2018 1,198.53 Mat 271218 Sovereign 2.06
Average for Month of October, 2018 1,240.47 7.86 SDL 2019 Sovereign 2.09
Sub Total 31.57
l quantitative data Total 94.65
Average Maturity * 3.95 years 8.66 SDL 2022 Sovereign 1.26
Macaulay Duration * 2.97 years Cash, Cash Equivalents and Net Current Assets 5.35
Yield to Maturity * 7.55% Grand Total 100.00
* Computed on the invested amount. • Top Ten Holdings
on Management Fees
l #BENCHMARK INDEX: CRISIL Dynamic Gilt Index

l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index
l Exit Load
Nil
l PlanS & Options

Regular Plan, Direct Plan. Under both the Plans: Growth &
Dividend Option (Dividend Option offers Dividend Payout and

Normally despatched within 3-4 Business Days. n G-Sec, SDL, T-bills 94.65 n Sovereign 94.65
¥ Dedicated Fund Manager for Overseas Investments: n Cash, Cash Equivalents and n Cash, Cash Equivalents and
Mr Rakesh Vyas (Total Experience - Over 14 years). Net Current Assets 5.35 Net Current Assets 5.35

l creditrisk free returns over medium to long term
l togenerate credit risk-free returns through investments in
sovereign securities issued by the Central Government and / Performance^ - Regular Plan - Growth Option
or State Government
(`)##
Oct 31, 17 Last 1 Year 1.56 1.86 -0.47 10,156 10,186 9,953
Oct 30, 15 Last 3 Years 6.56 6.48 5.44 12,103 12,075 11,726
Oct 31, 13 Last 5 Years 8.97 8.51 6.99 15,369 15,046 14,018
Jul 25, 01 Since Inception 7.63 8.08 N.A. 35,625 38,290 N.A.
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the
Investors understand that their principal will be schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli,
at moderate risk under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
~ Investors should consult their financial advisers if in doubt Direct Plan, refer page no. 61.
HDFC Dynamic Debt Fund (An open ended dynamic debt Scheme investing across duration)

To generate income / capital appreciation by investing in a Issuer Rating % to Issuer Rating % to
range of debt and money market instruments. NAV NAV
Scheme will be realized. Debt & Debt Related • Hazaribagh Ranchi
Expressway Ltd. (NHAI CARE - AAA(SO) / FITCH
l CATEGORY OF SCHEME: Dynamic Bond Fund Annuity) - AAA(SO) 8.22
Government Securities
l Fund Manager ¥
• LIC Housing Finance Ltd. CRISIL - AAA 4.22
Anil Bamboli (since February 16, 04) • 7.37 GOI 2023 Sovereign 7.26
Total Experience: Over 23 years • Syndicate Bank CARE - AA- 3.58
• 8.21 SDL 2022 Sovereign 5.25
l Inception Date (Date of Allotment) • Mahanagar Telephone
• 7.16 GOI 2023 Sovereign 4.33 Nigam Ltd. (Corporate
April 28, 1997 guarantee from Govt of
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • 8.15 GOI 2022 Sovereign 2.68 India) CARE - AAA(SO) 2.72
Regular Plan - Growth Option 59.2260 8.39 SDL 2022 Sovereign 2.64 State Bank of India CRISIL - AAA(SO) 2.57
Regular Plan - Quarterly Dividend Option 11.8317
Regular Plan - Half-Yearly Dividend Option 11.2773 Vedanta Ltd. CRISIL - AA 2.55
Regular Plan - Yearly Dividend Option 12.7178
Regular Plan - Normal Dividend Option 12.6879 Rural Electrification
Direct Plan - Growth Option 61.8990 6.84 GOI 2022 Sovereign 2.05 Corporation Ltd. FITCH - AAA 2.55
Direct Plan - Quarterly Dividend Option 12.3947
Direct Plan - Half-Yearly Dividend Option 12.2976 6.57 GOI 2033 Sovereign 1.96 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.51
Direct Plan - Yearly Dividend Option 13.3400 Housing Development
Direct Plan - Normal Dividend Option 13.0331 8.08 GOI 2022 Sovereign 1.60
Finance Corporation Ltd.£ ICRA - AAA 2.49
aSSETS UNDER MANAGEMENT (`) IN CRORE 7.42 SDL 2022 Sovereign 1.33
Punjab National Bank CARE - A+ 1.48
As on October 31, 2018 947.27 8.68 SDL 2023 Sovereign 0.53
Average for Month of October, 2018 988.63 National Highways Authority
7.50 GOI 2034 Sovereign 0.50 of India CRISIL - AAA 1.02
l quantitative data
Average Maturity * 3.54 years Tata Power Company Ltd. CRISIL - AA- 0.55
Macaulay Duration * 2.92 years Sikka Ports & Terminals Ltd.
Modified Duration * 2.74 years 1.44 GOI 2023 Sovereign 0.07 (erstwhile Reliance Ports and
* Computed on the invested amount. Terminals Ltd.) CARE - AAA 0.54
Total Expense Ratio (As on October 31, 2018) NTPC Ltd. CRISIL - AAA 0.07
on Management Fees Sub Total 53.15
Sub Total 32.97
Credit Exposure Cash, Cash Equivalents and Net Current Assets 13.88
l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index
l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index • Union Bank of India CARE - AA- / FITCH Grand Total 100.00
- AA, AA- 9.31
l Exit Load • Top Ten Holdings, £ Co-sponsor, @ less than 0.01%
• Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 8.77
out within 6 months from the date of allotment.
out after 6 months from the date of allotment.
l PlanS & Options
Regular Plan, Direct Plan. Under Each Plan: Growth, Normal Dividend,
Quarterly Dividend, Half Yearly Dividend, & Yearly Dividend. All
Dividend Options offer Payout and Reinvestment facility.
n Sovereign 32.97
n G-Sec, SDL 32.97 n AAA/AAA(SO)/A1+/
Normally despatched within 3-4 Business Days. A1+(S0) & Equivalent 35.68
¥ Dedicated Fund Manager for Overseas Investments: n Credit Exposure 53.15
n AA/aa- 15.99
Mr Rakesh Vyas (Total Experience - Over 14 years). n Cash, Cash Equivalents and n A+ & Below 1.48
Net Current Assets 13.88 n Cash, Cash Equivalents and
l income over medium to long term
l to generate income / capital appreciation by investing in a Performance^ - Regular Plan - Growth Option
range of debt and money market instruments
(`)##
Oct 31, 17 Last 1 Year 0.54 1.74 -0.47 10,054 10,174 9,953
Oct 30, 15 Last 3 Years 5.96 6.78 5.44 11,900 12,179 11,726
Oct 31, 13 Last 5 Years 7.99 8.58 6.99 14,692 15,098 14,018
Apr 28, 97 Since Inception 8.62 N.A. N.A. 59,226 N.A. N.A.
Investors understand that their principal will be schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli,
at moderate risk please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan
~ Investors should consult their financial advisers if in doubt under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
Direct Plan, refer page no. 61.
[An open ended medium term debt scheme investing in instruments such that
HDFC Income Fund the Macaulay Duration of the Portfolio is between 4 years and 7 years
(Refer page 2 for definition of Macaulay Duration)]

To generate income / capital appreciation through investments Issuer Rating % to Issuer Rating % to
in debt and money market instruments. NAV NAV
Scheme will be realized. Debt & Debt Related • Punjab National Bank CARE - A+ 8.31
l CATEGORY OF SCHEME: Medium to Long Duration Fund Government Securities • Tata Power Company Ltd. CRISIL - AA- 6.64
l Fund Manager ¥ • Housing Development
• 6.57 GOI 2033 Sovereign 6.60 Finance Corporation Ltd.£ CRISIL - AAA 5.83
Shobhit Mehrotra (since September 11, 07)
Total Experience: Over 25 years 7.95 GOI 2032 Sovereign 2.60 • National Bank for Agriculture
& Rural Development CRISIL - AAA 5.68
l Inception Date (Date of Allotment) 7.37 GOI 2023 Sovereign 2.30
September 11, 2000 • State Bank of India CRISIL - AA+ 3.79
• Tata Steel Ltd. CARE - AA- 3.03
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) 1.44 GOI 2023 Sovereign 0.66
Regular Plan - Growth Option 38.5203 NTPC Ltd. CRISIL - AAA 2.98
Regular Plan - Quarterly Dividend Option 10.7749 8.20 GOI 2025 Sovereign 0.38
Regular Plan - Normal Dividend Option 12.1465 Export - Import Bank of India CRISIL - AA+ 2.84
Direct Plan - Growth Option 40.3281 9.15 GOI 2024 Sovereign @ Indian Railway Finance
Direct Plan - Quarterly Dividend Option 11.3350 Corporation Ltd. CRISIL - AAA 2.68
Direct Plan - Normal Dividend Option 12.7532 Sub Total 14.19
Union Bank of India FITCH - AA- 0.56
aSSETS UNDER MANAGEMENT (`) IN CRORE Credit Exposure
As on October 31, 2018 853.87 Sub Total 69.73
Average for Month of October, 2018 858.62 • Power Finance Corporation Ltd. CRISIL - AAA 10.41
• Rural Electrification CRISIL - AAA / FITCH
l quantitative data Corporation Ltd. - AAA 8.55 Grand Total 100.00
Macaulay Duration * 2.79 years • National Highways Authority • Top Ten Holdings, £ Co-sponsor, @ less than 0.01%
Modified Duration * 2.62 years of India CRISIL - AAA 8.43
on Management Fees
l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index

l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index
l Exit Load
out within 1 month from the date of allotment.
out after 1 month from the date of allotment.
l PlanS & Options
Regular Plan, Direct Plan. Under Each Plan : Growth, Quarterly
Dividend & Normal Dividend. Both Dividend Options offer
Payout and Reinvestment facility.
Purchase : ` 5,000 and any amount thereafter. n Sovereign 14.19
n AAA/AAA(SO)/A1+/
n G-Sec 14.19 A1+(S0) & Equivalent 44.56
Normally despatched within 3-4 Business Days. n Credit Exposure 69.73 n AA+ 6.63
n Cash, Cash Equivalents and n AA/aa- 10.23
Mr Rakesh Vyas (Total Experience - Over 14 years). Net Current Assets 16.08 n A+ & Below 8.31
l income over medium to long term
in debt and money market instruments Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`)##
Oct 31, 17 Last 1 Year -0.16 1.74 -0.47 9,984 10,174 9,953
Oct 30, 15 Last 3 Years 5.26 6.78 5.44 11,665 12,179 11,726
Oct 31, 13 Last 5 Years 7.44 8.58 6.99 14,319 15,098 14,018
Sep 11, 00 Since Inception 7.71 N.A. N.A. 38,520 N.A. N.A.
comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made
Investors understand that their principal will be in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable.
at moderate risk For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan
~ Investors should consult their financial advisers if in doubt have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses
about whether the product is suitable for them. / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58.
[An open ended medium term debt scheme investing in instruments such
HDFC Medium Term Debt Fund that the Macaulay Duration of the portfolio is between 3 years and 4 years

To generate income / capital appreciation through investments Issuer Rating % to Issuer Rating % to
in Debt and Money Market Instruments. NAV NAV
Debt & Debt Related Sikka Ports & Terminals Ltd.
Scheme will be realized. (erstwhile Reliance Ports and
l CATEGORY OF SCHEME: Medium Duration Fund Terminals Ltd.) CRISIL - AAA 1.54
Andhra Bank CARE - A+ 0.85
l Fund Manager ¥ 7.59 GOI 2029 Sovereign 0.17
Mahanagar Telephone Nigam
Shobhit Mehrotra (since September 1, 07) Sub Total 1.00 Ltd. (Corporate guarantee
Total Experience: Over 25 years Credit Exposure from Govt of India) CARE - AAA(SO) 0.84
• Rural Electrification Vedanta Ltd. CRISIL - AA 0.82
l Inception Date (Date of Allotment) Corporation Ltd. CRISIL - AAA 11.13 Aashman Energy Pvt Ltd.
February 6, 2002 • Power Finance Corporation Ltd. CRISIL - AAA 9.43 (Greenko) CARE - AA-(SO) 0.40
• HPCL-Mittal Energy Ltd. FITCH - AA 7.03 Aarish Solar Power Pvt Ltd.
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) (Greenko) CARE - AA-(SO) 0.40
• LIC Housing Finance Ltd. CRISIL - AAA 6.40
Regular Plan - Growth Option 35.3016 SEI Enerstar Renewable
• National Bank for Agriculture
Regular Plan - Dividend Option 13.3942 & Rural Development CRISIL - AAA 6.30 Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40
Regular Plan - Fortnightly Dividend Option 10.5816 Divyesh Power Pvt Ltd.
Direct Plan - Growth Option 36.4695 • Indiabulls Housing Finance Ltd. CARE - AAA / CRISIL
- AAA 5.45 (Greenko) CARE - AA-(SO) 0.40
Direct Plan - Dividend Option 13.6535
Direct Plan - Fortnightly Dividend Option 10.6152 • Housing and Urban Zuvan Energy Pvt Ltd.
Development Corporation Ltd. CARE - AAA / ICRA - AAA 5.42 (Greenko) CARE - AA-(SO) 0.40
aSSETS UNDER MANAGEMENT (`) IN CRORE • Jamnagar Utilities & Power Pratyash Renewable Pvt Ltd.
Pvt. Ltd. CRISIL - AAA 5.13 (Greenko) CARE - AA-(SO) 0.40
As on October 31, 2018 1,183.25
Average for Month of October, 2018 1,269.46 • Housing Development Elena Renewable Energy Pvt
Finance Corporation Ltd.£ CRISIL - AAA 4.21 Ltd. (Greenko) CARE - AA-(SO) 0.40
l quantitative data • HDFC Bank Ltd. CRISIL - AA+ 4.11 Shreyas Renewable Energy
Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40
Average Maturity * 2.15 years Syndicate Bank CARE - AA- 3.69
Macaulay Duration * 1.87 years SEI Mihir Energy Pvt Ltd.
Modified Duration * 1.71 years Muthoot Finance Ltd. ICRA - AA 3.24 (Greenko) CARE - AA-(SO) 0.40
Yield to Maturity * 9.26% Mahindra & Mahindra SEI Baskara Power Pvt Ltd.
* Computed on the invested amount. Financial Services Ltd. FITCH - AAA 2.91 (Greenko) CARE - AA-(SO) 0.40
Reliance Jio Infocomm Ltd. CRISIL - AAA 2.08
Total Expense Ratio (As on October 31, 2018) Sub Total 91.87
Including Additional Expenses and Goods and Service Tax Union Bank of India FITCH - AA- 2.02
on Management Fees Punjab National Bank CARE - A+ 1.97
Regular: 1.29% Direct: 0.49% JM Financial Asset Grand Total 100.00
Reconstruction Company Ltd. ICRA - AA- 1.67 • Top Ten Holdings, £ Co-sponsor
l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index Talwandi Sabo Power Ltd.
l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index (Corporate Guarantee of
Vedanta Ltd.) CRISIL - AA(SO) 1.63
l Exit Load
Nil
l PlanS & Options
Regular Plan, Direct Plan. Under both the Plans : Growth,
Normal Dividend & Fortnightly Dividend. Both Dividend
Options offer Payout and Reinvestment facility.
n Sovereign 1.00
n G-Sec 1.00 A1+(S0) & Equivalent 60.84
Net Current Assets 7.13 n A+ & Below 2.82
l income over medium term
l to generate income / capital appreciation through investments Performance^ - Regular Plan - Growth Option
in Debt and Money Market Instruments
(`)##
Oct 31, 17 Last 1 Year 3.56 4.69 6.11 10,356 10,469 10,611
Oct 30, 15 Last 3 Years 7.01 7.11 6.47 12,260 12,292 12,074
Oct 31, 13 Last 5 Years 8.07 8.13 7.22 14,746 14,787 14,176
Investors understand that their principal will be schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra,
at moderate risk please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan
~ Investors should consult their financial advisers if in doubt under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
about whether the product is suitable for them. Direct Plan, refer page no. 58.
[An open ended short term debt scheme investing in instruments such
HDFC Short Term Debt Fund that the Macaulay Duration of the portfolio is between 1 year and 3 years

To generate income / capital appreciation through investments Issuer Rating % to NAV Issuer Rating % to NAV
in Debt and Money Market Instruments.
Debt & Debt Related Bajaj Finance Ltd. CRISIL - AAA / FITCH
There is no assurance that the investment objective of the - AAA 1.13
Scheme will be realized. Government Securities HDB Financial Services Ltd. CARE - AAA 0.84
l CATEGORY OF SCHEME: Short Duration Fund 8.39 SDL 2020 Sovereign 1.21 ONGC Mangalore
7.37 GOI 2023 Sovereign 0.11 Petrochemicals Ltd. FITCH - AAA 0.58
l Fund Manager ¥
Nabha Power Ltd. (Corporate
Anil Bamboli (since June 25, 10) Sub Total 1.32 Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.58
Total Experience: Over 23 years Credit Exposure Sundaram BNP Paribas Home
• Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 11.43 Finance Ltd. CARE - AA+ 0.57
• National Bank for Agriculture Hazaribagh Ranchi Expressway CARE - AAA(SO) / FITCH
June 25, 2010 Ltd. (NHAI Annuity) - AAA(SO) 0.57
& Rural Development CRISIL - AAA / FITCH - AAA 9.51
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Housing Development L&T Finance Ltd. CARE - AAA 0.57
Regular Plan - Growth Option 19.7768 Finance Corporation Ltd.£ CRISIL - AAA / ICRA - AAA 9.38 Talwandi Sabo Power
Regular Plan - Fortnightly Dividend Option 10.2264 • Rural Electrification CRISIL - AAA / FITCH Ltd(Corporate Guarantee of
Regular Plan - Normal Dividend Option 13.2973 Corporation Ltd. - AAA 8.08 Vedanta Ltd.) CRISIL - AA(SO) 0.57
Direct Plan - Growth Option 19.9480 • ONGC Petro additions Ltd. Export - Import Bank of India CRISIL - AAA 0.57
Direct Plan - Fortnightly Dividend Option 10.2867 (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 6.71
Direct Plan - Normal Dividend Option 13.3355 National Highways Authority
• LIC Housing Finance Ltd. CRISIL - AAA 6.49 of India CRISIL - AAA 0.56
aSSETS UNDER MANAGEMENT (`) IN CRORE • Reliance Jio Infocomm Ltd. CRISIL - AAA, AAA(SO) 5.93 Tata Motors Ltd. CARE - AA+ 0.56
As on October 31, 2018 8,626.64 • Mahindra & Mahindra CARE - AAA / FITCH Power Grid Corporation of
Average for Month of October, 2018 8,813.75 Financial Services Ltd. - AAA 5.33 India Ltd. CRISIL - AAA 0.51
• Indiabulls Housing Finance Ltd. CARE - AAA 5.11 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.40
l quantitative data
• Tata Sons Ltd. CRISIL - AAA 3.37 NTPC Ltd. CRISIL - AAA 0.35
Macaulay Duration * 1.26 years Tata Capital Financial Services Ltd. ICRA - AAA 3.12 Aditya Birla Finance Ltd. ICRA - AAA 0.35
Modified Duration * 1.15 years Indian Railway Finance
Yield to Maturity * 9.02% Reliance Industries Ltd. CRISIL - AAA 2.80 Corporation Ltd. CRISIL - AAA 0.28
* Computed on the invested amount.
Housing and Urban Toyota Financial Services
Development Corporation Ltd. ICRA - AAA 2.28 India Ltd. CRISIL - AAA 0.28
Including Additional Expenses and Goods and Service Tax Nuvoco Vistas Corporation Ltd. NHPC Ltd. ICRA - AAA 0.22
on Management Fees (100% subsidiary of Nirma Ltd.
& erstwhile Lafarge India Ltd.) CRISIL - AA 1.72 Sub Total 95.01
Vedanta Ltd. CRISIL - AA 1.59 Cash, Cash Equivalents and Net Current Assets 3.67
l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index
Small Industries Development
l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Bank of India CARE - AAA 1.53 Grand Total 100.00
Cholamandalam Investment
l Exit Load and Finance Company Ltd. ICRA - AA+ 1.14 • Top Ten Holdings, £ Co-sponsor
Nil
l PlanS & Options
Regular Plan, Direct Plan. Under Each Plan: Growth,
Fortnightly Dividend & Normal Dividend. Both Dividend
options offer Payout and Reinvestment facilities.

n Sovereign 1.32
n G-Sec, SDL 1.32
Normally despatched within 3-4 Business Days. A1+(S0) & Equivalent 88.86
n Credit Exposure 95.01
¥ Dedicated Fund Manager for Overseas Investments: n AA+ 2.27
Mr Rakesh Vyas (Total Experience - Over 14 years). n Cash, Cash Equivalents and n AA/aa- 3.88
Net Current Assets 3.67 n Cash, Cash Equivalents and
l income over short term.
in Debt and Money Market Instruments Performance^ - Regular Plan - Growth Option
Riskometer Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`)##
Oct 31, 17 Last 1 Year 5.38 4.69 6.11 10,538 10,469 10,611
Oct 30, 15 Last 3 Years 7.26 7.11 6.47 12,344 12,292 12,074
Oct 31, 13 Last 5 Years 8.28 8.13 7.22 14,889 14,787 14,176
Investors understand that their principal will be Returns greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors
at moderately low risk would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different
~ Investors should consult their financial advisers if in doubt plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower
about whether the product is suitable for them. to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61.
Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified.
[An open ended low duration debt scheme investing in instruments
HDFC Low Duration Fund such that the Macaulay Duration of the portfolio is between 6 months and
12 months (Refer page 2 for definition of Macaulay Duration)]

To generate income / capital appreciation through investment Issuer Rating % to NAV Issuer Rating % to NAV
in debt securities and money market instruments.
Debt & Debt Related Samvardhana Motherson
There is no assurance that the investment objective of the International Ltd. (Secured
Scheme will be realized. Government Securities with shares of Motherson Sumi
8.39 SDL 2019 Sovereign 1.86 Systems Ltd) ICRA - AA- 1.40
l CATEGORY OF SCHEME: Low Duration Fund
7.86 SDL 2019 Sovereign 0.79 Kotak Mahindra Prime Ltd. CRISIL - AAA 1.05
l Fund Manager ¥ 7.65 SDL 2027 Sovereign 0.10 Shriram Transport Finance
Anupam Joshi (since October 27, 15) Company Ltd. FITCH - AA+ 1.04
Total Experience: Over 12 years 6.84 GOI 2022 Sovereign 0.01 Axis Bank Ltd. CRISIL - AA+ 1.00
6.79 GOI 2027 Sovereign @ Raviraj Viniyog Pvt. Ltd.(Secured
l Inception Date (Date of Allotment) with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.92
Sub Total 2.76
November 18, 1999 KKR India Financial Services
NAV (As on OCTOBER 31, 2018)^ ^ NAV per Unit (`) Pvt Ltd. CRISIL - AA+ 0.85
CD/CP
Sundaram Finance Ltd. ICRA - AAA 0.79
Retail Option • Indiabulls Housing Finance Ltd. CRISIL - A1+ 5.12
Regular Plan - Growth Option 37.7330 Emami Infrastructure Limited
Regular Plan - Daily Dividend Reinvestment Option 10.1428 Axis Bank Ltd. CRISIL - A1+ 2.59 (Secured with shares of Emami
Regular Plan - Weekly Dividend Option 10.1597 ICICI Bank Ltd. ICRA - A1+ 0.16 Ltd.) BRICKWORKS - AA-(SO) 0.56
Regular Plan - Monthly Dividend Option 10.1417 Sub Total 7.87 Aditya Birla Finance Ltd. ICRA - AAA 0.53
Direct Plan - Growth Option 39.3098 Vedanta Ltd. CRISIL - AA 0.51
Direct Plan - Daily Dividend Reinvestment Option 10.0655 Credit Exposure
Direct Plan - Weekly Dividend Option 10.1896 • Small Industries Adani Transmission Ltd. FITCH - AA+ 0.41
Direct Plan - Monthly Dividend Option 10.1446 Development Bank of India CARE - AAA 9.54 Larsen & Toubro Ltd. CRISIL - AAA 0.37
Wholesale Option • Power Finance Corporation Ltd. CRISIL - AAA 8.03 Reliance Jio Infocomm Ltd. CRISIL - AAA 0.31
Regular Plan - Daily Dividend Reinvestment Option 10.1574 • ONGC Petro additions Ltd. Export - Import Bank of India CRISIL - AAA 0.27
Regular Plan - Weekly Dividend Option 10.1616 (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 7.51 Bajaj Finance Ltd. FITCH - AAA 0.26
Regular Plan - Monthly Dividend Option 10.1621 • Housing Development Cholamandalam Investment and
Finance Corporation Ltd.£ CRISIL - AAA 7.28 Finance Company Ltd. ICRA - AA+ 0.26
• National Bank for Agriculture Tata Steel Ltd. CARE - AA 0.22
As on October 31, 2018 9,442.30 & Rural Development CRISIL - AAA 6.55
Average for Month of October, 2018 9,556.03 Shreyas Renewable Energy Pvt Ltd.
• Rural Electrification (Greenko) CARE - AA-(SO) 0.05
l quantitative data Corporation Ltd. CRISIL - AAA 5.23
SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05
Average Maturity * 277 days • Tata Capital Financial
Services Ltd. CRISIL - AA+ / ICRA - AAA 3.57 SEI Enerstar Renewable Energy Pvt
Macaulay Duration * 257 days Ltd. (Greenko) CARE - AA-(SO) 0.05
Modified Duration * 230 days • Power Grid Corporation of
Yield to Maturity * 8.71% India Ltd. CRISIL - AAA 3.17 Pratyash Renewable Pvt Ltd.
(Greenko) CARE - AA-(SO) 0.05
* Computed on the invested amount. • Indian Railway Finance CARE - AAA / CRISIL
Corporation Ltd. - AAA 3.05 Elena Renewable Energy Pvt Ltd.
Total Expense Ratio (As on October 31, 2018) (Greenko) CARE - AA-(SO) 0.05
Including Additional Expenses and Goods and Service Tax Union Bank of India FITCH - AA- 2.17
Aarish Solar Power Pvt Ltd.
on Management Fees ONGC Mangalore (Greenko) CARE - AA-(SO) 0.05
Petrochemicals Ltd. FITCH - AAA 2.10
Regular: 1.03% Direct: 0.43% Aashman Energy Pvt Ltd.
LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.90 (Greenko) CARE - AA-(SO) 0.05
l #BENCHMARK INDEX: CRISIL Liquid Fund Index Petronet LNG Ltd. CRISIL - AAA 1.85 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05
l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Syndicate Bank CARE - AA- 1.80 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05
l Exit Load Canara Bank CRISIL - AA 1.77 SEI Baskara Power Pvt Ltd.
Mahindra & Mahindra Financial (Greenko) CARE - AA-(SO) 0.05
Nil
Services Ltd. FITCH - AAA 1.66 Sub Total 84.52
l PlanS & Options State Bank of India CRISIL - AA+ 1.57 Cash, Cash Equivalents and Net Current Assets 4.85
Regular Plan, Direct Plan. Retail Option: Each Plan offers L&T Finance Ltd. CARE - AAA / ICRA - AAA 1.57
Growth and Dividend Option. Dividend Option offers Daily Punjab National Bank CARE - A+ 1.48 Grand Total 100.00
Dividend Option with Reinvestment facility only and Weekly and
Monthly Dividend Option with Payout and Reinvestment facility. Nuvoco Vistas Corporation Ltd. • Top Ten Holdings, £ Co-sponsor, @ less than 0.01%
(100% subsidiary of Nirma Ltd. &
l Minimum Application Amount erstwhile Lafarge India Ltd.) CRISIL - AA 1.47 Outstanding exposure in derivative
instruments Interest Rate Swap (` in Crore) 100.00
Retail Option : Growth, Weekly and Monthly Dividend Option:
Purchase : ` 5,000 and any amount thereafter. Additional
Purchase : ` 1,000 and any amount thereafter. Daily Dividend
Option : Purchase : ` 10,000 and any amount thereafter. Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
n Sovereign 2.76
Normally despatched within 3-4 Business Days. n G-Sec, SDL 2.76 n AAA/AAA(SO)/A1+/
¥ Dedicated Fund Manager for Overseas Investments: A1+(S0) & Equivalent 73.41
Mr Rakesh Vyas (Total Experience - Over 14 years). n CD/CP 7.87
n AA+ 6.18
^^ Calculated on all calendar days. n Credit Exposure 84.52 n AA/aa- 11.32
n Cash, Cash Equivalents and n A+ & Below 1.48
This product is suitable for investors who are seeking ~ Net Current Assets 4.85 n Cash, Cash Equivalents and
l income over short term. Net Current Assets 4.85
l to generate income / capital appreciation through investment
in debt securities and money market instruments Performance^ - Regular Plan - Growth Option
Riskometer Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`)##
Oct 31, 17 Last 1 Year 5.42 7.32 6.11 10,542 10,732 10,611
Oct 30, 15 Last 3 Years 6.96 7.21 6.47 12,242 12,328 12,074
Oct 31, 13 Last 5 Years 7.47 7.86 7.22 14,338 14,603 14,176
Nov 18, 99 Since Inception 7.25 N.A. 6.44 37,733 N.A. 32,659
Investors understand that their principal will be Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the schemes
at moderately low risk for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page
51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will
~ Investors should consult their financial advisers if in doubt be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.
HDFC Money Market Fund (An open-ended debt scheme investing in money market instruments)

To generate income / capital appreciation by investing in Issuer Rating % to NAV Issuer Rating % to NAV
money market instruments.
Debt & Debt Related Mahindra & Mahindra CRISIL - A1+ / FITCH
Scheme will be realized. Financial Services Ltd. - A1+ 2.29
l CATEGORY OF SCHEME: Money Market Fund UPL Ltd. CRISIL - A1+ 2.27
CD/CP
l Fund Manager ¥ Godrej Industries Ltd. CRISIL - A1+ 1.38
Anil Bamboli (since July 25, 12) • LIC Housing Finance Ltd. CRISIL - A1+ / ICRA - A1+ 8.04
Total Experience: Over 23 years Tata Housing Development
• Housing and Urban Company Ltd. FITCH - A1+ 1.15
l Inception Date (Date of Allotment) Development Corporation Ltd. FITCH - A1+ 7.51
November 18, 1999 Hero Fincorp Ltd. CRISIL - A1+ 1.14
• Reliance Jio Infocomm Ltd. CARE - A1+ / CRISIL
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) - A1+ 6.94 Reliance Industries Ltd. ICRA - A1+ 1.14
Regular Plan - Growth Option 3,750.4131
Regular Plan - • Axis Bank Ltd. CRISIL - A1+ 6.83 Standard Chartered Investments
Daily Dividend Reinvestment Option 1,063.6400 and Loans (India) Ltd. CRISIL - A1+ 0.58
Regular Plan - Weekly Dividend Option 1,063.4952 • ICICI Bank Ltd. CRISIL - A1+ / ICRA - A1+ 5.90
Direct Plan - Growth Option 3,780.8573 Mahindra Rural Housing
Direct Plan - Daily Dividend Reinvestment Option 1,063.6400 • Indusind Bank Ltd. CRISIL - A1+ 4.65 Finance Ltd FITCH - A1+ 0.58
Direct Plan - Weekly Dividend Option 1,063.5242
• National Bank for Agriculture Small Industries Development
aSSETS UNDER MANAGEMENT (`) IN CRORE & Rural Development CRISIL - A1+ 4.62 Bank of India CARE - A1+ 0.57
As on October 31, 2018 4,296.44
Average for Month of October, 2018 3,978.98 • Bajaj Finance Ltd. CRISIL - A1+ 4.62 Fedbank Financial Services Ltd. CRISIL - A1+ 0.56
l quantitative data • Hindustan Zinc Ltd. CRISIL - A1+ 4.61 Hongkong & Shanghai Bank Ltd. FITCH - A1+ 0.55
Average Maturity * 59 days
Macaulay Duration * 58 days • Reliance Retail Ltd. CARE - A1+ 4.58
Modified Duration * 51 days Tata Capital Housing Finance Ltd. ICRA - A1+ 0.35
Yield to Maturity * 7.61% Fullerton India Credit Adani Ports and Special
* Computed on the invested amount. Company Ltd. ICRA - A1+ 4.38 Economic Zone Ltd. CARE - A1+ 0.12
Including Additional Expenses and Goods and Service Tax Adani Transmission Ltd. FITCH - A1+ 3.48 Sub Total 90.37
on Management Fees
Tata Capital Financial Services Ltd. ICRA - A1+ 3.48 Cash, Cash Equivalents and Net Current Assets 9.63
l #BENCHMARK INDEX: CRISIL Liquid Fund Index Muthoot Finance Ltd. CRISIL - A1+ 2.87 Grand Total 100.00
l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index GIC Housing Finance Ltd. ICRA - A1+ 2.87 • Top Ten Holdings
l Exit Load L&T Finance Ltd. CARE - A1+ 2.31
Nil
l PlanS & Options
Regular Plan, Direct Plan. Each Plan offers Growth and Daily
Dividend Option (with Reinvestment facility only). Weekly
Dividend Option (with Payout and Reinvestment facility).
Purchase : Under Growth Option and Weekly Dividend Option :
` 5,000 and any amount thereafter. Under Daily Dividend Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
Option : ` 10,000 and any amount thereafter
Additional Purchase : Under Growth Option and Weekly
Dividend Option : ` 1,000 and any amount thereafter. Under
Daily Dividend Option : ` 5,000 and any amount thereafter AAA/AAA(SO)/A1+/A1+(SO)
CD/CP 90.37 & Equivalent 90.37
Cash, Cash Equivalents and Cash, Cash Equivalents and
Normally despatched within 3-4 Business Days. Net Current Assets 9.63 Net Current Assets 9.63

l income over short term Performance^ - Regular Plan - Growth Option
l togenerate income / capital appreciation by investing in Date Period Scheme Benchmark Additional Value of ` 10,000 invested
money market instruments Returns Returns Benchmark
(%) $$ (%)# Returns Scheme (`) Benchmark Additional
Riskometer (`)# Benchmark
(%) ##
(`)##
Oct 31, 17 Last 1 Year 7.02 7.32 6.11 10,702 10,732 10,611
Oct 30, 15 Last 3 Years 7.05 7.21 6.47 12,272 12,328 12,074
Oct 31, 13 Last 5 Years 7.76 7.86 7.22 14,533 14,603 14,176
Nov 18, 99 Since Inception 7.24 N.A. 6.44 37,633 N.A. 32,659
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. $$ All dividends declared prior to the splitting
of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-
Investors understand that their principal will be dividend NAV). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For
at moderately low risk performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a
different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses /
~ Investors should consult their financial advisers if in doubt commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61.
Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified.
[(An open ended debt scheme predominantly investing in
HDFC Floating Rate Debt Fund floating rate instruments (including fixed rate instruments
converted to floating rate exposures using swaps / derivatives)]

To generate income/capital appreciation through investment Issuer Rating % to NAV Issuer Rating % to NAV
in a portfolio comprising substantially of floating rate debt, Debt & Debt Related Tata Capital Financial Services Ltd. CRISIL - AA+ / ICRA - AAA 1.94
fixed rate debt instruments swapped for floating rate returns Government Securities Indiabulls Housing Finance Ltd. CARE - AAA 1.83
and money market instruments. 8.39 SDL 2019 Sovereign 2.59 JM Financial Credit Solutions Ltd. ICRA - AA 1.65
Scheme will be realized. 8.21 SDL 2019 Sovereign 0.39 Power Grid Corporation of
7.86 SDL 2019 Sovereign 0.28 India Ltd. CRISIL - AAA 1.36
l CATEGORY OF SCHEME: Floater Fund 6.17 GOI 2023 Sovereign 0.26 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.27
7.65 SDL 2027 Sovereign 0.21 State Bank of India CRISIL - AA+ 1.26
l Fund Manager ¥
9.23 SDL 2022 Sovereign 0.06 Cholamandalam Investment and
Shobhit Mehrotra (since February 16, 04) Finance Company Ltd. ICRA - AA+ 1.12
Total Experience: Over 25 years 7.69 SDL 2027 Sovereign 0.01
L&T Finance Ltd. CARE - AAA 1.11
Sub Total 3.80
l Inception Date (Date of Allotment) Canara Bank CRISIL - AA 1.07
January 16, 2003 HPCL-Mittal Energy Ltd. FITCH - AA 0.90
CD/CP
Axis Bank Ltd. CRISIL - AA+ 0.80
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Axis Bank Ltd. CRISIL - A1+ 9.05
Gujarat Road and Infra Co Ltd. CARE - AAA(SO) 0.70
Retail Option • ICICI Bank Ltd. CRISIL - A1+ / ICRA
Regular Plan - Growth Option 30.3244 - A1+ 6.85 Tata Power Company Ltd. ICRA - AA- 0.56
Regular Plan - Daily Dividend Reinvestment Option 10.0809 • Indiabulls Housing Finance Bharti Airtel Ltd. CRISIL - AA+ 0.55
Regular Plan - Weekly Dividend Option 10.1382 Ltd. CRISIL - A1+ 6.50 Fullerton India Credit
Regular Plan - Monthly Dividend Option 10.1469 • Indusind Bank Ltd. CRISIL - A1+ 3.55 Company Ltd. CARE - AAA 0.40
Wholesale Option Hero Fincorp Ltd. ICRA - AA+ 0.33
Regular Plan - Growth Option 31.3121 Steel Authority of India Ltd. FITCH - A1+ 2.79
Regular Plan - Daily Dividend Reinvestment Option 10.0809 National Bank for Agriculture & ONGC Mangalore
Regular Plan - Weekly Dividend Option 10.1383 Rural Development CRISIL - A1+ 2.47 Petrochemicals Ltd. FITCH - AAA 0.28
Regular Plan - Monthly Dividend Option 10.1470 Au Small Finance Bank Ltd. CRISIL - A1+ 2.45 Indian Railway Finance
Direct Plan - Growth Option 31.4858 Corporation Ltd. CRISIL - AAA 0.28
Direct Plan - Daily Dividend Reinvestment Option 10.0809 Small Industries Development
Bank of India CARE - A1+ / ICRA - A1+ 1.92 Tata Motors Ltd. ICRA - AA 0.11
Direct Plan - Weekly Dividend Option 10.1383 Tata Sons Ltd. CRISIL - AAA 0.04
Direct Plan - Monthly Dividend Option 10.1471 Reliance Industries Ltd. ICRA - A1+ 1.64
Reliance Jio Infocomm Ltd. CRISIL - A1+ 1.55 Rural Electrification
aSSETS UNDER MANAGEMENT (`) IN CRORE Corporation Ltd. CRISIL - AAA 0.01
Adani Transmission Ltd. FITCH - A1+ 0.56
As on October 31, 2018 8,916.20 Sub Total 53.51
Sub Total 39.33
Average for Month of October, 2018 10,033.71 Cash, Cash Equivalents and Net Current Assets 3.36
Credit Exposure
l quantitative data • ONGC Petro additions Ltd. Grand Total 100.00
Average Maturity * 279 days (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 9.85 • Top Ten Holdings, £ Co-sponsor
Macaulay Duration * 277 days • Shriram City Union Finance Ltd. CARE - AA+ 5.56
Modified Duration * 252 days Outstanding exposure in derivative
• Housing Development instruments Interest Rate Swap (` in Crore) 1,900.00
Yield to Maturity * 8.75% Finance Corporation Ltd.£ CRISIL - AAA 4.85
* Computed on the invested amount. • Shriram Transport Finance
Company Ltd. FITCH - AA+ 4.45
Including Additional Expenses and Goods and Service Tax • Power Finance Corporation Ltd. CRISIL - AAA 3.23
on Management Fees • Union Bank of India FITCH - AA- 3.05
Regular: 0.38% Direct: 0.23% Syndicate Bank CARE - AA- 2.83
Mahindra & Mahindra
l #BENCHMARK INDEX: Crisil Liquid Fund Index Financial Services Ltd. FITCH - AAA 2.12
l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index
l Exit Load
Nil
l PlanS & Options
Dividend Option. The Dividend Option offers Daily Dividend
Option (with Reinvestment facility only) and Weekly and Monthly
Purchase : ` 10 lakh and any amount thereafter.
Additional Purchase : ` 1 and any amount thereafter.
n Sovereign 3.80
l Redemption Proceeds n G-Sec, SDL, T-bills 3.80
n AAA/AAA(SO)/A1+/
Normally despatched within 3-4 Business Days. n CD/CP 39.33 A1+(S0) & Equivalent 68.32
¥ Dedicated Fund Manager for Overseas Investments: n Credit Exposure 53.51 n AA+ 14.35
Mr Rakesh Vyas (Total Experience - Over 14 years). n AA/aa- 10.17
l income over short term
l to generate income / capital appreciation through investment
in a portfolio comprising substantially of floating rate debt,
fixed rate debt instruments swapped for floating rate returns Performance^ - Regular Plan - Growth Option
and money market instruments
(`)##
Oct 31, 17 Last 1 Year 6.19 7.32 6.11 10,619 10,732 10,611
Oct 30, 15 Last 3 Years 7.52 7.21 6.47 12,434 12,328 12,074
Oct 31, 13 Last 5 Years 8.23 7.86 7.22 14,852 14,603 14,176
Oct 23, 07 Since Inception 8.16 7.53 6.39 23,753 22,279 19,802
Returns greater than 1 year period are compounded annualized (CAGR). Since Inception returns are calculated on ` 13.1821 (allotment
Investors understand that their principal will be price). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance
at moderately low risk of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different
expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission
~ Investors should consult their financial advisers if in doubt charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58.
[An open ended ultra-short term debt scheme investing in instruments such
HDFC Ultra Short Term Fund that the Macaulay Duration of the portfolio is between 3 months and 6 months

To generate income / capital appreciation through investment Issuer Rating % to Issuer Rating % to
in debt securities and money market instruments. NAV NAV
Scheme will be realized. Debt & Debt Related • Kotak Mahindra Prime Ltd. CRISIL - AAA 4.37
l CATEGORY OF SCHEME: Ultra Short Duration Fund Money Market Instruments • Tata Capital Financial
Services Ltd. CRISIL - AA+ 4.34
CD/CP
l Fund Manager ¥ Mahindra & Mahindra
• Rural Electrification Financial Services Ltd. FITCH - AAA 4.07
Anil Bamboli (since September 25, 18) Corporation Ltd. CARE - A1+ 5.82
LIC Housing Finance Ltd. CRISIL - AAA 3.22
• National Bank for Agriculture
l Inception Date (Date of Allotment) & Rural Development CRISIL - A1+ 5.74 Sun Pharma Laboratories Ltd. ICRA - AAA 2.93
September 25, 2018 • Axis Bank Ltd. CRISIL - A1+ 5.66 ONGC Petro additions Ltd.
(OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 2.92
NAV (As on OCTOBER 31, 2018) NAV per Unit (`) • Reliance Industries Ltd. CRISIL - A1+ 4.31
Bajaj Finance Ltd. FITCH - AAA 2.92
Regular Plan - Growth Option 10.0857 • Indusind Bank Ltd. CRISIL - A1+ 4.25
Regular Plan - National Housing Bank CRISIL - AAA 2.92
Daily Dividend Reinvestment Option 10.0500 PNB Housing Finance Ltd. CRISIL - A1+ 3.68
Regular Plan - Weekly Dividend Option 10.0532 Tata Sons Ltd. CRISIL - AAA 1.47
Regular Plan - Monthly Dividend Option 10.0532 Hindustan Zinc Ltd. CRISIL - A1+ 2.90
Direct Plan - Growth Option 10.0893 Mahindra Rural Housing Indian Railway Finance
Direct Plan - Daily Dividend Reinvestment Option 10.0500 Finance Ltd FITCH - A1+ 2.89 Corporation Ltd. CRISIL - AAA 1.47
Direct Plan - Weekly Dividend Option 10.0534
Direct Plan - Monthly Dividend Option 10.0534 Export - Import Bank of India ICRA - A1+ 2.85 UltraTech Cement Ltd. CRISIL - AAA 1.46
aSSETS UNDER MANAGEMENT (`) IN CRORE Sub Total 38.10 Volkswagen Finance Pvt. Ltd. FITCH - AAA 1.46
As on October 31, 2018 1,708.28 Credit Exposure Sundaram Finance Ltd. ICRA - AAA 1.46
• Power Finance Corporation Sub Total 53.96
l quantitative data Ltd. CRISIL - AAA 6.69
Average Maturity * 123 days • Housing Development
Macaulay Duration * 123 days Finance Corporation Ltd.£ CRISIL - AAA 6.41 Grand Total 100.00
Modified Duration * 102 days
Yield to Maturity * 8.14% • Small Industries • Top Ten Holdings, £ Co-sponsor
* Computed on the invested amount. Development Bank of India CARE - AAA 5.85

on Management Fees
l #BENCHMARK INDEX: CRISIL Ultra Short Term Debt Index

l Exit Load
Nil
l PlanS & Options

Dividend Option. The Dividend Option offers Daily Dividend
Option (with Reinvestment facility only) and Weekly and Monthly

Purchase : ` 5,000 and any amount thereafter. Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
¥ Dedicated Fund Manager for Overseas Investments: n CD/CP 38.10 n AAA/AAA(SO)/A1+/
Mr Rakesh Vyas (Total Experience - Over 14 years). A1+(S0) & Equivalent 87.72
n Credit Exposure 53.96
n AA+ 4.34
n Cash, Cash Equivalents and n Cash, Cash Equivalents and
Net Current Assets 7.94 Net Current Assets 7.94
l income over short term
l income/capital appreciation through investment in debt
securities and money market instruments
Riskometer
Investors understand that their principal will be

at moderately low risk
Load is not taken into consideration for computation of performance.
HDFC Liquid Fund (An Open ended Liquid scheme)

To generate income through a portfolio comprising money Issuer Rating % to NAV Issuer Rating % to NAV
market and debt instruments. Debt & Debt Related TMF Holdings Ltd.(subsidiary of
There is no assurance that the investment objective of the Tata Motors Ltd.) CARE - A1+ / ICRA - A1+ 0.58
Scheme will be realized. Aditya Birla Housing Finance Ltd. FITCH - A1+ / ICRA - A1+ 0.56
T-bills
l CATEGORY OF SCHEME: Liquid Fund National Fertilizers Ltd FITCH - A1+ 0.56
91 Days Tbill - ISD 270918
Mat 271218 Sovereign 6.60 Sun Pharma Laboratories Ltd. ICRA - A1+ 0.56
l Fund Manager ¥
Anupam Joshi (since October 27, 15) 91 Days TBill - Mat 030119 Sovereign 5.24 GIC Housing Finance Ltd. ICRA - A1+ 0.52
Total Experience: Over 12 years 91 Days TBill - Mat 291118 Sovereign 2.56 Motilal Oswal Financial
Services Ltd. FITCH - A1+ 0.45
l Inception Date (Date of Allotment) 91 DAYS T-BILL - MAT 211218 Sovereign 1.19
Manappuram Finance Ltd. CARE - A1+ 0.44
October 17, 2000 91 Days TBill - Mat 310119 Sovereign 1.00
Adani Ports and Special
NAV (As on OCTOBER 31, 2018)^ ^ NAV per Unit (`) 91 Days TBill - Mat 071218 Sovereign 0.83 Economic Zone Ltd. CARE - A1+ / CRISIL - A1+ 0.44
HDFC Liquid Fund DCMB ( Discounted Cash Reliance Industries Ltd. CRISIL - A1+ 0.42
Regular Plan - Growth Option 3,551.8822 Management Bills) 59 days-
Mat 141218 Sovereign 0.80 IDFC Bank Ltd. CRISIL - A1+ 0.39
Regular Plan - Daily Dividend Reinvestment Option 1,019.8200
Regular Plan - Weekly Dividend Option 1,031.4319 91 Days TBill - Mat 011118 Sovereign 0.49 ECL Finance Ltd. ICRA - A1+ 0.35
Regular Plan - Monthly Dividend Option 1,026.7005 182 Days TBill - Mat 221118 Sovereign 0.23 Kalpataru Power Transmission Ltd. CARE - A1+ 0.35
Direct Plan - Growth Option 3,567.8560
Direct Plan - Daily Dividend Reinvestment Option 1,019.8200 91 Days TBill - Mat 141218 Sovereign 0.19 Tata Power Company Ltd. ICRA - A1+ 0.35
Direct Plan - Weekly Dividend Option 1,031.4367 182 Days TBill - Mat 291118 Sovereign 0.14 Nirma Ltd. CRISIL - A1+ 0.35
Direct Plan - Monthly Dividend Option 1,026.7060
HDFC Liquid Fund - Premium Plan 182 Days TBill - Mat 271218 Sovereign 0.10 Indusind Bank Ltd. CRISIL - A1+ 0.35
Regular Plan - Growth Option 3,623.5554 Sub Total 19.37 Tata Realty and Infrastructure Ltd. ICRA - A1+ 0.30
Regular Plan -
Daily Dividend Reinvestment Option 1,225.9800 Money Market Instruments Volkswagen Finance Pvt. Ltd. FITCH - A1+ 0.28
CD/CP BASF India Ltd. CRISIL - A1+ 0.28
• National Bank for Agriculture CRISIL - A1+ / FITCH - Magma Fincorp Ltd. CRISIL - A1+ 0.28
As on October 31, 2018 71,017.96 & Rural Development A1+ / ICRA - A1+ 8.30
Average for Month of October, 2018 67,419.03 IIFL Wealth Finance Ltd. ICRA - A1+ 0.28
• LIC Housing Finance Ltd. CRISIL - A1+ / ICRA - A1+ 5.44
l quantitative data Tata Motors Finance Solutions
• Rural Electrification Pvt. Ltd. CARE - A1+ 0.28
Average Maturity * 31 days Corporation Ltd. CARE - A1+ 2.38
Macaulay Duration * 29 days TVS Credit Services Ltd ICRA - A1+ 0.28
• Reliance Jio Infocomm Ltd. CARE - A1+ / CRISIL - A1+ 2.22
Modified Duration * 26 days Shriram City Union Finance Ltd. ICRA - A1+ 0.25
Yield to Maturity * 7.36% • Punjab National Bank CARE - A1+ 1.96
HT Media Ltd. ICRA - A1+ 0.21
* Computed on the invested amount. • Tata Sons Ltd. CRISIL - A1+ 1.78
Kotak Securities Ltd. CRISIL - A1+ 0.21
Total Expense Ratio (As on October 31, 2018) PNB Housing Finance Ltd. CARE - A1+ / CRISIL - A1+ 1.75
Including Additional Expenses and Goods and Service Tax TGS Investment And Trade
Tata Motors Finance Ltd. ICRA - A1+ 1.54 Pvt Ltd. FITCH - A1+ 0.21
on Management Fees
Steel Authority of India Ltd. CARE - A1+ / FITCH - A1+ 1.54 Mahindra Rural Housing
Regular: 0.25% Direct: 0.15% Finance Ltd FITCH - A1+ 0.17
Bajaj Finance Ltd. CRISIL - A1+ 1.47
l #BENCHMARK INDEX: Crisil Liquid Fund Index Hasham Investment and Trading
Vijaya Bank CRISIL - A1+ 1.40 Company Private Limited ICRA - A1+ 0.17
Axis Bank Ltd. CRISIL - A1+ / ICRA - A1+ 1.33 Aditya Birla Money Limited FITCH - A1+ 0.17
l Exit Load India infoline Finance Ltd. CRISIL - A1+ / ICRA - A1+ 1.33 Infina Finance Pvt. Ltd. CRISIL - A1+ 0.15
Nil
L&T Finance Ltd. CARE - A1+ / ICRA - A1+ 1.26 Au Small Finance Bank Ltd. FITCH - A1+ 0.14
l PlanS & Options Indiabulls Housing Finance Ltd. ICRA - A1+ 1.23 Adani Transmission Ltd. FITCH - A1+ / ICRA - A1+ 0.15
Regular Plan, Direct Plan. Under both the Plans: Growth & The South Indian Bank Ltd. CARE - A1+ / ICRA - A1+ 1.19 Power Grid Corporation of
Dividend Option. The Dividend Option offers Daily Dividend India Ltd. ICRA - A1+ 0.14
Option (Reinvestment facility only) and Weekly and Monthly Hero Fincorp Ltd. CRISIL - A1+ 1.19
Dividend Option (with Payout and Reinvestment facility). Reliance Retail Ltd. CARE - A1+ 1.18 Kotak Mahindra Investments Ltd. CRISIL - A1+ 0.14
l Minimum Application Amount Hindustan Zinc Ltd. CRISIL - A1+ 1.04 Turquoise Investments &
Finance Pvt Ltd. CRISIL - A1+ 0.14
Purchase : Under Growth Option, Weekly Dividend Option and Chennai Petroleum Corp Ltd. ICRA - A1+ 0.98 Chambal Fertilizers & Chemicals
Monthly Dividend Option: ` 5,000 and any amount thereafter. Ltd. CRISIL - A1+ 0.14
Under Daily Dividend Option: ` 10,000 and any amount thereafter. L&T Finance Holdings Ltd. CARE - A1+ 0.98
Additional Purchase : Under Growth Option, Weekly Dividend Aditya Birla Finance Ltd. CRISIL - A1+ 0.94 APL Apollo Tubes Ltd. ICRA - A1+ 0.14
Option and Monthly Dividend Option: ` 1,000 and any Vedanta Ltd. CRISIL - A1+ 0.88 Tata Projects Ltd. FITCH - A1+ 0.14
amount thereafter. Under Daily Dividend Option: ` 5,000
and any amount thereafter. ICICI Bank Ltd. ICRA - A1+ 0.84 Trapti Trading & Investments
Pvt Ltd. FITCH - A1+ 0.14
l Redemption Proceeds Shriram Transport Finance
Company Ltd. CRISIL - A1+ 0.71 Bajaj Electricals Ltd. ICRA - A1+ 0.13
Normally despatched within 1 Business Day. Shriram Housing Finance Ltd. CARE - A1+ 0.12
Bajaj Housing Finance Ltd. FITCH - A1+ 0.70
¥ Dedicated Fund Manager for Overseas Investments: Birla TMT Holdings Pvt. Ltd. CARE - A1+ 0.11
Mr Rakesh Vyas (Total Experience - Over 14 years). Tata Capital Housing Finance Ltd. ICRA - A1+ 0.70
^^Calculated on all calendar days. NTPC Ltd. CARE - A1+ 0.69 Haldia Energy Ltd. ICRA - A1+ 0.07
Aditya Birla Capital Ltd. ICRA - A1+ 0.68 JM Financial Ltd. CARE - A1+ 0.07
Jammu & Kashmir Bank Ltd. CRISIL - A1+ 0.64 Fedbank Financial Services Ltd. CRISIL - A1+ 0.08
Hinduja Leyland Finance Ltd. CARE - A1+ 0.64 Magma Housing Finance CRISIL - A1+ 0.07
CanFin Homes Ltd. CARE - A1+ / ICRA - A1+ 0.64 L&T Infrastructure Finance
Company Ltd. CRISIL - A1+ 0.07
STCI Finance Ltd. CRISIL - A1+ / ICRA - A1+ 0.60
JM Financial Products Ltd. ICRA - A1+ 0.04
Tata Housing Development
Company Ltd. CARE - A1+ / FITCH - A1+ 0.59 JM Financial Services Ltd. CARE - A1+ 0.04
HDFC Liquid Fund (An Open ended Liquid scheme) ....Contd from previous page
Portfolio Classification by Asset Class (%) Portfolio

Issuer Rating % to NAV Issuer Rating % to NAV
Fullerton India Credit Company Ltd. ICRA - A1+ 0.03 Export - Import Bank of India CRISIL - AAA 0.32
T-bills 19.37 Standard Chartered Investments Tata Capital Financial Services Ltd. ICRA - AAA 0.14
and Loans (India) Ltd. CRISIL - A1+ 0.03
CD/CP 63.18 National Housing Bank CRISIL - AAA 0.14
Mahindra & Mahindra Financial
Credit Exposure 5.00 Services Ltd. FITCH - A1+ 0.03 UltraTech Cement Ltd. CRISIL - AAA 0.08
Cash, Cash Equivalents and HDB Financial Services Ltd. CARE - AAA 0.07
Housing and Urban
Net Current Assets 12.45 Development Corporation Ltd. FITCH - A1+ 0.03 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.07
Tube Investments of India Ltd. ICRA - A1+ 0.02 Aditya Birla Finance Ltd. ICRA - AA+ 0.07
Sundaram BNP Paribas Home Larsen & Toubro Ltd. CRISIL - AAA 0.04
Portfolio Classification by Rating Class (%) Finance Ltd. CRISIL - A1+ 0.01
Cholamandalam Investment Sundaram Finance Ltd. ICRA - AAA 0.04
n Sovereign 19.37 and Finance Company Ltd. CRISIL - A1+ 0.01 Tata Steel Ltd. CARE - AA 0.03
n AAA/AAA(SO)/A1+/ L&T Housing Finance Ltd. CRISIL - A1+ 0.01 Sub Total 5.00
Power Finance Corporation Ltd. CRISIL - A1+ 0.01 Cash, Cash Equivalents and Net Current Assets 12.45
n AA+ 0.07
n AA/aa- 0.03 Sub Total 63.18 Grand Total 100.00
n Cash, Cash Equivalents and Credit Exposure • Top Ten Holdings, £ Co-sponsor
• Housing Development CRISIL - AAA / ICRA -
Finance Corporation Ltd.£ AAA(SO) 2.58
LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 0.78
Rural Electrification
Corporation Ltd. CRISIL - AAA 0.64
l regular income over short term Date Period Scheme Benchmark Additional Value of ` 10,000 invested
l togenerate income through a portfolio comprising money (%) (%)# Returns Scheme (`) Benchmark
Additional
market and debt instruments (%) ## (`)#
Benchmark
(`)##
Riskometer
Oct 24, 18 Last 7 days 7.12 7.29 7.66 10,014 10,014 10,015
Oct 16, 18 Last 15 days 7.15 7.22 9.13 10,029 10,030 10,038
Sep 30, 18 Last 1 Month 7.23 7.52 11.09 10,061 10,064 10,094
Oct 31, 17 Last 1 Year 7.00 7.32 6.11 10,700 10,732 10,611
Oct 30, 15 Last 3 Years 7.11 7.21 6.47 12,293 12,328 12,074
Oct 31, 13 Last 5 Years 7.81 7.86 7.22 14,570 14,603 14,176
Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not
Investors understand that their principal will be at low risk Available. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For
performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan
~ Investors should consult their financial advisers if in doubt have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
about whether the product is suitable for them. expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60.
HDFC Overnight Fund (An open ended debt scheme investing in overnight securities)

To generate returns by investing in debt and money market Issuer Rating % to NAV
instruments with overnight maturity.
There is no assurance that the investment objective of the Cash, Cash Equivalents and Net Current Assets 100.00
Grand Total 100.00
l CATEGORY OF SCHEME: Overnight Fund
l Fund Manager ¥
Anil Bamboli (since July 25, 12)
February 06, 2002
Regular Plan - Growth Option 2,741.5866
Regular Plan -
Daily Dividend Reinvestment Option 1,042.6600
Direct Plan - Growth Option 2,750.9081
Direct Plan - Daily Dividend Reinvestment Option 1,042.6600
As on October 31, 2018 9,261.56
l quantitative data
Average Maturity * 1 day
Macaulay Duration * 1 day
Modified Duration * 1 day
* Computed on the invested amount.
on Management Fees
l #BENCHMARK INDEX: CRISIL Overnight Index
(w.e.f October 28, 2018)
l Exit Load
Nil
l PlanS & Options
Regular Plan, Direct Plan. Each Plan offers Growth and Daily
Dividend Option (with Reinvestment facility only). Cash, Cash Equivalents and
Cash, Cash Equivalents and
l Minimum Application Amount Net Current Assets 100.00
Purchase : Under Growth Option and Weekly Dividend Option :
` 5,000 and any amount thereafter. Under Daily Dividend
Option : ` 10,000 and any amount thereafter
Additional Purchase : Under Growth Option and Weekly
Dividend Option : ` 1,000 and any amount thereafter. Under
Daily Dividend Option : ` 5,000 and any amount thereafter
Normally despatched within 3-4 Business Days. Returns Returns Benchmark
(%) $$ (%)# Returns Scheme (`) Benchmark Additional
¥ Dedicated Fund Manager for Overseas Investments: (`)# Benchmark
Mr Rakesh Vyas (Total Experience - Over 14 years). (%) ##
(`)##
Oct 24, 18 Last 7 days 6.17 5.89 7.66 10,012 10,011 10,015
Oct 16, 18 Last 15 days 6.20 6.20 9.13 10,025 10,025 10,038
Sep 30, 18 Last 1 Month 6.08 6.07 11.09 10,052 10,052 10,094
Oct 31, 17 Last 1 Year 6.04 6.03 6.11 10,604 10,603 10,611
Oct 30, 15 Last 3 Years 6.16 6.23 6.47 11,968 11,993 12,074
l regular
income over short term that may be in line with the Oct 31, 13 Last 5 Years 6.83 6.98 7.22 13,918 14,012 14,176
overnight call rates
l togenerate returns by investing in debt and money market Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not Available.
instruments with overnight maturity $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units
of the Scheme at the then prevailing NAV (ex-dividend NAV). Performance of dividend option under the schemes for the investors would
Riskometer be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans
viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower
Investors understand that their principal will be at low risk

Face Value per Unit: ` 1,000, Data is as of October 31, 2018 unless otherwise specified.
Performance details of Schemes managed by respective Fund Managers
Sr. No. Name of the Fund Manager Funds Managed Page no.
1 Mr. Prashant Jain HDFC Equity Fund 05
HDFC Top 100 Fund 07
HDFC Balanced Advantage Fund 13-14
HDFC Hybrid Debt Fund (Co-managed scheme) 31-32
2 Mr. Vinay Kulkarni HDFC Focused 30 Fund 11
HDFC Growth Opportunities Fund 10
HDFC TaxSaver 23
HDFC Equity Savings Fund (Co-managed scheme) 29-30
3 Mr. Srinivas Rao Ravuri HDFC Infrastructure Fund 12
4 Mr. Chirag Setalvad HDFC Mid-Cap Opportunities Fund 08
HDFC Small Cap Fund 09
HDFC Long Term Advantage Fund 52
HDFC Hybrid Equity Fund 15-16
HDFC Children’s Gift Fund 24-25
HDFC Multi-Asset Fund (Co-managed scheme) 17-18
HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 26
HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 27
HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 28
5 Mr. Miten Lathia HDFC Capital Builder Value Fund 06
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 56
6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund 33-34
HDFC Index Fund - Sensex Plan 22
HDFC Index Fund - NIFTY 50 Plan 20
HDFC Sensex ETF 21
HDFC NIFTY 50 ETF 19
HDFC Gold Exchange Traded Fund 55
HDFC Gold Fund 55
7 Mr. Shobhit Mehrotra HDFC Income Fund 41
HDFC Medium Term Debt Fund 42
HDFC Floating Rate Debt Fund 46
HDFC Credit Risk Debt Fund 36-37
HDFC Hybrid Debt Fund (Co-managed scheme) 31-32
HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 26
HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 27
HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 28
Close ended schemes 52-53
8 Mr. Anil Bamboli HDFC Dynamic Debt Fund 40
HDFC Short Term Debt Fund 43
HDFC Gilt Fund 39
HDFC Money Market Fund 45
HDFC Ultra Short Term Fund 47
HDFC Overnight Fund 49
HDFC Banking and PSU Debt Fund 38
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 56
Co-managed schemes 56
9 Mr. Anupam Joshi HDFC Liquid Fund 48-49
HDFC Corporate Bond Fund 35
HDFC Low Duration Fund 44
For performance details of Direct Plan, refer page 57-64
Exit Load : (i) No exit load shall be levied for switching between Options under the same Plan within a Scheme. (ii) Switch of investments to Direct Plan within the same Scheme shall be subject
to applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investments from the Direct Plan will not
be subject to any exit load. (iii) No exit load shall be levied for switch-out from Direct Plan to other Plan within the same Scheme. However, any subsequent switch-out or redemption of such
investment from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan. (iv) Switch of investments between Plans under a Scheme having separate
portfolios, will be subject to applicable exit load. (v) No exit load will be levied on Bonus Units and Units allotted on Dividend Re-investment. (vi) In case of Systematic Transactions such as SIP,
GSIP, Flex SIP, STP, Flex STP, Swing STP, Flexindex; Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Tax Benefits / Consequences : The Dividend Distribution Tax on distribution of income by equity oriented fund to all the investors shall be payable at the rate of 11.648%* and on distribution
of income by other than equity oriented fund to an individual / HUF shall be payable at the rate of 29.12%* and at the rate of 34.944%* on distribution of income to any other investor. Such
income distributed by the Scheme(s) is free from Income–tax in the hands of Investors. Units of the Scheme(s) are not subject to Wealth-tax and Gift-tax. Unit holders are required to pay Securities
Transaction Tax (STT) at the rate of 0.001% at the time of redemption / switch-out of units of an equity-oriented fund. * including applicable surcharge, health and education cess.
Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual
nature of tax consequences, each investor is advised to consult his / her own professional tax advisor.

SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
Srinivas Rao Ravuri

HDFC FMP 1176D January 2016 (1) NAV as on Oct 31, 2018 ` 12.3081
HDFC EOF - II - 1126D May 2017 (1) NAV as on Oct 31, 2018 ` 10.1570 Returns Returns Benchmark
(%) (%)# Returns Scheme Benchmark Additional
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) ## (`) (`)# Benchmark
Returns Returns Benchmark Scheme Benchmark Additional (`)##
(%) (%)# Returns (`) (`)# Benchmark Oct 31, 17 Last 1 Year 6.52 1.74 6.11 10,652 10,174 10,611
(%) ## (`)## Jan 19, 16 Since Inception 7.75 7.01 6.44 12,308 12,074 11,897
Oct 31, 17 Last 1 Year -2.94 -3.17 1.91 9,706 9,683 10,191 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
Jun 15, 17 Since Inception 1.14 4.42 7.63 10,157 10,614 11,066 than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed by
Mr. Srinivas Rao Ravuri since inception. HDFC FMP 1167D January 2016 (1) NAV as on Oct 31, 2018 ` 12.2840

HDFC EOF - II - 1100D June 2017 (1) NAV as on Oct 31, 2018 ` 9.8490 Returns Returns Benchmark Scheme Benchmark Additional
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) (%)# Returns (`) (`)# Benchmark
Returns Returns Benchmark Scheme Benchmark Additional (%) ## (`)##
(%) (%)# Returns (`) (`)# Benchmark Oct 31, 17 Last 1 Year 6.52 1.74 6.11 10,652 10,174 10,611
(%) ## (`)## Jan 28, 16 Since Inception 7.74 7.00 6.44 12,284 12,054 11,880
Oct 31, 17 Last 1 Year -2.94 -3.17 1.91 9,706 9,683 10,191 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
Jul 17, 17 Since Inception -1.17 2.07 5.03 9,849 10,268 10,654 than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
Mr. Srinivas Rao Ravuri since inception. HDFC FMP 1155D February 2016 (1) NAV as on Oct 31, 2018 ` 12.2850
CHIRAG SETALVAD Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
HDFC LONG TERM ADVANTAGE FUND NAV as on Oct 31, 2018 ` 324.727 (`)##
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Oct 31, 17 Last 1 Year 6.58 1.74 6.11 10,658 10,174 10,611
Returns Returns Benchmark Scheme Benchmark Additional Feb 09, 16 Since Inception 7.84 7.11 6.45 12,285 12,058 11,858
(%) (%)# Returns (`) (`)# Benchmark # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
(%) ## (`)## than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
Oct 31, 17 Last 1 Year -3.24 4.91 1.91 9,676 10,491 10,191
HDFC FMP 1168D February 2016 (1) NAV as on Oct 31, 2018 ` 12.9328
Oct 30, 15 Last 3 Years 12.18 10.33 10.22 14,126 13,436 13,396
Oct 31, 13 Last 5 Years 15.60 11.75 11.89 20,653 17,430 17,546 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Jan 02, 01 Since Inception 21.54 14.65 14.12 324,727 114,572 105,492 Returns Returns Benchmark
# S&P BSE SENSEX (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed (%) ## (`) (`)# Benchmark
by Mr. Chirag Setalvad since April 02, 2007. (`)##
Oct 31, 17 Last 1 Year 7.74 1.74 6.11 10,774 10,174 10,611
SHOBHIT MEHROTRA Feb 03, 16 Since Inception 9.83 7.11 6.45 12,933 12,074 11,871
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
HDFC FMP 3360D MARCH 2014 (1) NAV as on Oct 31, 2018 ` 13.3013
Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns (`) (`)# Benchmark Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## Returns Returns Benchmark
(`)## (%) (%)# Returns Scheme Benchmark Additional
Oct 31, 17 Last 1 Year 3.04 1.74 -0.47 10,304 10,174 9,953 (%) ## (`) (`)# Benchmark
(`)##
Oct 30, 15 Last 3 Years 7.63 6.78 5.44 12,473 12,179 11,726
Oct 31, 17 Last 1 Year 6.31 1.74 6.11 10,631 10,174 10,611
# Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. The Scheme is in existence for more
than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more

HDFC FMP 1105D December 2015 (1) NAV as on Oct 31, 2018 ` 12.3852
Returns Returns Benchmark Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns Scheme Benchmark Additional Returns Returns Benchmark
Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark (%) (%)# Returns
(`)## (%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 6.71 1.74 6.11 10,671 10,174 10,611
Oct 31, 17 Last 1 Year 7.79 1.74 6.11 10,779 10,174 10,611

(%) ## (`) (`)# Benchmark (%) (%)# Returns Scheme Benchmark Additional
(`)## (%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 6.43 1.74 6.11 10,643 10,174 10,611
Oct 31, 17 Last 1 Year 8.49 1.74 6.11 10,849 10,174 10,611
Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended
schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.
Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan
and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission
charged in the Regular Plan. Load is not taken into consideration for computation of performance. N.A.: Not Available
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 1132D February 2016 (1) NAV as on Oct 31, 2018 ` 12.2417 HDFC FMP 1166D May 2017 (1) NAV as on Oct 31, 2018 ` 11.0427
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Returns Returns Benchmark Returns Returns Benchmark
(%) (%)# Returns Scheme Benchmark Additional (%) (%)# Returns Scheme Benchmark Additional
(`) (`)# Benchmark (%) ## (`) (`)# Benchmark
(%) ## (`)##
(`)##
Oct 31, 17 Last 1 Year 6.50 1.74 6.11 10,650 10,174 10,611 Oct 31, 17 Last 1 Year 5.52 1.74 6.11 10,552 10,174 10,611
Mar 03, 16 Since Inception 7.89 7.12 6.41 12,242 12,010 11,798 May 09, 17 Since Inception 6.93 4.07 6.11 11,043 10,607 10,917
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC FMP 1136D June 2017 (1) NAV as on Oct 31, 2018 ` 10.9371
HDFC FMP 1140D March 2016 (1) NAV as on Oct 31, 2018 ` 12.7086
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Returns Returns Benchmark
Returns Returns Benchmark Scheme Benchmark Additional (%) (%)# Returns Scheme Benchmark Additional
(%) (%)# Returns (%) ## (`) (`)# Benchmark
(`) (`)# Benchmark (`)##
(%) ## (`)## Oct 31, 17 Last 1 Year 5.69 1.74 6.11 10,569 10,174 10,611
Oct 31, 17 Last 1 Year 8.12 1.74 6.11 10,812 10,174 10,611 Jun 08, 17 Since Inception 6.62 2.62 6.07 10,937 10,368 10,858
Mar 17, 16 Since Inception 9.56 6.85 6.40 12,709 11,898 11,768 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC FMP 1430D JuLY 2017 (1) NAV as on Oct 31, 2018 ` 10.5270

Returns Returns Benchmark (%) (%)# Returns Scheme Benchmark Additional
(`) (`)# Benchmark
(%) (%)# Returns Scheme Benchmark Additional (%) ##
(`)##
(%) ## (`) (`)# Benchmark
(`)## Oct 31, 17 Last 1 Year 3.75 1.74 6.11 10,375 10,174 10,611
Oct 31, 17 Last 1 Year 6.43 1.74 6.11 10,643 10,174 10,611 Aug 01, 17 Since Inception 4.20 1.87 6.02 10,527 10,234 10,758
Mar 22, 16 Since Inception 7.63 6.74 6.40 12,117 11,858 11,758 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more

ANIL BAMBOLI

Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC CHARITY FUND FOR CANCER NAV as on Oct 31, 2018
Returns Returns Benchmark ` 10.1087
CURE - DEBT PLAN^
(%) ## (`) (`)# Benchmark
(`)## Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Oct 31, 17 Last 1 Year 5.11 1.74 6.11 10,511 10,174 10,611 (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
Mar 23, 17 Since Inception 6.74 4.30 5.89 11,107 10,700 10,964 (`)##
than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Oct 31, 17 Last 1 Year 5.02 4.69 6.11 10,502 10,469 10,611
# CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
HDFC FMP 1188D MARCH 2017 (1) NAV as on Oct 31, 2018 ` 11.1298 more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.
Date Period Scheme Benchmark Additional Value of ` 10,000 invested ^Scheme offers Dividend option only. Returns of HDFC Charity Fund for Cancer Cure - Debt
Returns Returns Benchmark Plan - Regular Plan are computed based on NAV of Dividend Option and all dividends
(%) (%)# Returns Scheme Benchmark Additional (after statutory levy) are assumed to be reinvested in the units of the scheme at the then
(%) ## (`) (`)# Benchmark prevailing NAV (ex-dividend NAV).
(`)##
Oct 31, 17 Last 1 Year 5.27 1.74 6.11 10,527 10,174 10,611
HDFC FMP 1846D AUGUST 2013 (1) NAV as on Oct 31, 2018 ` 15.2564
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more Date Period Scheme Benchmark Additional Value of ` 10,000 invested
than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
(`)##
HDFC FMP 1172d April 2017 (1) NAV as on Oct 31, 2018 ` 10.9179
Oct 31, 17 Last 1 Year 4.80 1.74 6.11 10,480 10,174 10,611
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Oct 30, 15 Last 3 Years 6.53 6.78 6.47 12,094 12,179 12,074
(%) (%)# Returns Scheme Benchmark Additional Oct 31, 13 Last 5 Years 8.00 8.58 7.22 14,694 15,098 14,176
(%) ## (`) (`)# Benchmark Aug 14, 13 Since Inception 8.43 8.86 7.41 15,256 15,571 14,517
(`)##
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
Oct 31, 17 Last 1 Year 4.40 1.74 6.11 10,440 10,174 10,611 more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.
Apr 11, 17 Since Inception 5.81 4.14 5.94 10,918 10,652 10,939
HDFC FMP 1175D JANUARY 2014 (1) NAV as on Oct 31, 2018 ` 15.2558
HDFC FMP 1165d April 2017 (1) (%) (%)# Returns Scheme Benchmark Additional
NAV as on Oct 31, 2018 ` 10.9063
(%) ## (`) (`)# Benchmark
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (`)##
Returns Returns Benchmark Oct 31, 17 Last 1 Year 6.80 1.74 6.11 10,680 10,174 10,611
(%) ## (`) (`)# Benchmark Oct 30, 15 Last 3 Years 7.68 6.78 6.47 12,489 12,179 12,074
(`)## Feb 05, 14 Since Inception 9.33 8.72 7.26 15,256 14,862 13,939
Oct 31, 17 Last 1 Year 4.43 1.74 6.11 10,443 10,174 10,611 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.
ANIL BAMBOLI....CONTINUED

HDFC FMP 370D MARCH 2014 (1) NAV as on Oct 31, 2018 ` 14.2098 HDFC FMP 1199D JANUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.1376
Returns Returns Benchmark Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns Scheme Benchmark Additional (%) (%)# Returns
(%) ## (`) (`)# Benchmark (`) (`)# Benchmark
(`)## (%) ## (`)##
Oct 30, 15 Last 3 Years 6.91 7.11 6.47 12,224 12,292 12,074 Jan 31, 17 Since Inception 6.36 3.33 5.94 11,138 10,589 11,060
Mar 05, 14 Since Inception 7.83 8.12 7.25 14,210 14,387 13,855 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
# Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.

HDFC FMP 793D FEBRUARY 2014 (1) NAV as on Oct 31, 2018 ` 14.5697 HDFC FMP 1150D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.0578
(%) (%)# Returns Scheme Benchmark Additional Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark (%) (%)# Returns
(`)## (`) (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year 4.86 4.69 6.11 10,486 10,469 10,611
Oct 30, 15 Last 3 Years 6.73 7.11 6.47 12,164 12,292 12,074 Oct 31, 17 Last 1 Year 4.93 1.74 6.11 10,493 10,174 10,611
Feb 26, 14 Since Inception 8.38 8.13 7.25 14,570 14,418 13,872 Feb 22, 17 Since Inception 6.14 4.69 5.96 11,058 10,804 11,027
# Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.

HDFC FMP 1111D November 2015 (1) NAV as on Oct 31, 2018 ` 12.4131
HDFC FMP 1155D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.0438
(%) (%)# Returns Scheme Benchmark Additional Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
(`)## (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year 6.82 1.74 6.11 10,682 10,174 10,611
Dec 03, 15 Since Inception 7.70 6.84 6.45 12,413 12,126 11,996 Oct 31, 17 Last 1 Year 4.80 1.74 6.11 10,480 10,174 10,611
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Feb 16, 17 Since Inception 6.00 4.43 5.99 11,044 10,766 11,042
HDFC FMP 1111D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.8782
Returns Returns Benchmark HDFC FMP 1178D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.2435
(%) (%)# Returns Scheme Benchmark Additional Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## (`) (`)# Benchmark
(`)## Returns Returns Benchmark Scheme Benchmark Additional
Oct 31, 17 Last 1 Year 7.26 1.74 6.11 10,726 10,174 10,611 (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Oct 31, 17 Last 1 Year 5.26 1.74 6.11 10,526 10,174 10,611
HDFC FMP 1309D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.7255 more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.
(%) (%)# Returns Scheme Benchmark Additional HDFC FMP 1169D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 10.9998
(%) ## (`) (`)# Benchmark
Oct 31, 17 Last 1 Year 5.21 1.74 6.11 10,521 10,174 10,611 Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Oct 31, 17 Last 1 Year 4.71 1.74 6.11 10,471 10,174 10,611

HDFC FMP 1302D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.7082 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for

(%) ## (`) (`)# Benchmark HDFC FMP 1170D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.2126
(`)##
Oct 31, 17 Last 1 Year 5.12 1.74 6.11 10,512 10,174 10,611 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Sep 28, 16 Since Inception 7.84 4.55 6.10 11,708 10,974 11,318 (%) (%)# Returns
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for (`) (`)# Benchmark
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. (%) ## (`)##
Oct 31, 17 Last 1 Year 5.06 1.74 6.11 10,506 10,174 10,611

HDFC FMP 1218D DECEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.2565 Mar 01, 17 Since Inception 7.10 4.70 5.97 11,213 10,796 11,016
Date Period Scheme Benchmark Additional Value of ` 10,000 invested more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 5.47 1.74 6.11 10,547 10,174 10,611

KRISHAN KUMAR DAGA HDFC FMP 1104D APRIL 2016 (1) NAV as on Oct 31, 2018 ` 11.9625
HDFC GOLD EXCHANGE NAV as on Oct 31, 2018 ` 2921.6849 (%) (%)# Returns Scheme Benchmark Additional
TRADED FUND* (%) ## (`) (`)# Benchmark
(`)##
Date Period Scheme Returns Benchmark Value of ` 10,000 invested Oct 31, 17 Last 1 Year 6.22 1.74 6.11 10,622 10,174 10,611
(%) Returns Apr 21, 16 Since Inception 7.34 6.47 6.31 11,963 11,718 11,672
(%)# Scheme Benchmark
(`) (`)# # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
Oct 31, 17 Last 1 Year 7.68 8.93 10,768 10,893
Oct 30, 15 Last 3 Years 5.05 6.23 11,595 11,991
HDFC FMP 1127D May 2016 (1) NAV as on Oct 31, 2018 ` 12.2473
Oct 31, 13 Last 5 Years 0.74 1.84 10,376 10,954
Aug 13, 10 Since Inception 6.07 6.87 16,229 17,268 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
# Domestic Price of Physical Gold. Since inception returns are calculated on ` 1800.3288 (allotment (%) (%)# Returns Scheme Benchmark Additional
price) * The Scheme does not offer any Plans/Options. The scheme is managed by Mr. Krishan Kumar (%) ## (`) (`)# Benchmark
Daga since October 19, 2015. (`)##
Oct 31, 17 Last 1 Year 6.71 1.74 6.11 10,671 10,174 10,611
May 31, 16 Since Inception 8.74 6.47 6.32 12,247 11,636 11,598
HDFC GOLD FUND NAV as on Oct 31, 2018 ` 10.4209
Date Period Scheme Returns Benchmark Value of ` 10,000 invested more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
(%) Returns
(%)# Scheme Benchmark
(`) (`)# HDFC FMP 1153D April 2016 (1) NAV as on Oct 31, 2018 ` 12.3310
Oct 31, 17 Last 1 Year 7.39 8.93 10,739 10,893 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Oct 30, 15 Last 3 Years 4.72 6.23 11,488 11,991 Returns Returns Benchmark
Oct 31, 13 Last 5 Years -0.65 1.84 9,679 10,954 (%) ## (`) (`)# Benchmark
Nov 01, 11 Since Inception 0.59 2.35 10,421 11,767 (`)##
# Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since Oct 31, 17 Last 1 Year 6.75 1.74 6.11 10,675 10,174 10,611
October 19, 2015. May 05, 16 Since Inception 8.78 6.46 6.31 12,331 11,686 11,647
HDFC CHARITY FUND FOR CANCER NAV as on Oct 31, 2018 ` 10.0650
CURE - ARBITRAGE PLAN^ HDFC FMP 1113D June 2016 (1) NAV as on Oct 31, 2018 ` 11.8949
(%) ## (`)##
(`)##
Mar 27, 17 Since Inception 4.42 4.71 10.65 10,715 10,762 11,755 Jun 08, 16 Since Inception 7.51 6.47 6.30 11,895 11,621 11,578
# NIFTY 50 Arbitrage Index ## NIFTY 50 Index. The Scheme is in existence for more than 1 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception. more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
^ Scheme offers Dividend option only. Returns of HDFC Charity Fund for Cancer Cure - Arbitrage Plan
- Regular Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy)
are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC FMP 1127D June 2016 (1) NAV as on Oct 31, 2018 ` 11.8517
ANUPAM JOSHI Returns
(%)
Returns Benchmark
(%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 6.03 1.74 6.11 10,603 10,174 10,611
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Jun 21, 16 Since Inception 7.46 6.47 6.29 11,852 11,595 11,550
(%) (%)# Returns Scheme Benchmark Additional # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
(%) ## (`) (`)# Benchmark more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
(`)##
Oct 31, 17 Last 1 Year 6.56 1.74 6.11 10,656 10,174 10,611
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Date Period Scheme Benchmark Additional Value of ` 10,000 invested
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 6.98 1.74 6.11 10,698 10,174 10,611
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Jun 29, 16 Since Inception 8.77 6.30 6.27 12,173 11,537 11,530
(`)##
Oct 31, 17 Last 1 Year 6.14 1.74 6.11 10,614 10,174 10,611
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Date Period Scheme Benchmark Additional Value of ` 10,000 invested
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 5.73 1.74 6.11 10,573 10,174 10,611
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Jul 07, 16 Since Inception 7.34 6.09 6.25 11,785 11,469 11,508
(`)##
Oct 31, 17 Last 1 Year 7.96 1.74 6.11 10,796 10,174 10,611
ANUPAM JOSHI....CONTINUED

HDFC FMP 1161D July 2016 (1) NAV as on Oct 31, 2018 ` 12.0145 HDFC DAF - II - 1111D April 2016 NAV as on Oct 31, 2018 ` 11.5673
(%) ## (`) (`)# Benchmark (`) (`)# Benchmark
(`)## (%) ##
(`)##
Jul 27, 16 Since Inception 8.45 5.63 6.20 12,015 11,320 11,459 May 12, 16 Since Inception 6.07 8.54 6.32 11,567 12,246 11,636
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan
Kumar Daga & Anil Bamboli since inception.
CO-MANAGED BY
MITEN LATHIA & ANIL BAMBOLI HDFC DAF - III - 1304D AUGUST 2016 NAV as on Oct 31, 2018 ` 11.1050
HDFC DYNAMIC PE NAV as on Oct 31, 2018 ` 17.5103 Returns Returns Benchmark
RATIO FUND OF FUNDS (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
(`)##
(%) (%)# Returns Scheme Benchmark Additional Sep 12, 16 Since Inception 5.03 7.95 6.13 11,105 11,772 11,353
(%) ## (`) (`)# Benchmark # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The Scheme is
(`)## in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan
Oct 31, 17 Last 1 Year -3.54 2.10 1.91 9,646 10,210 10,191 Kumar Daga & Anil Bamboli since inception.
Oct 30, 15 Last 3 Years 8.70 9.08 10.22 12,848 12,985 13,396
Oct 31, 13 Last 5 Years 8.95 10.78 11.89 15,352 16,691 17,546
HDFC DAF - III - 1267D OCTOBER 2016 NAV as on Oct 31, 2018 ` 10.9333
# NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme Date Period Scheme Benchmark Additional Value of ` 10,000 invested
performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid Returns Returns Benchmark
nature of the scheme where a portion of scheme’s investments are made in equity instruments. The (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
scheme is co-managed by Mr. Miten Lathia & Mr. Anil Bamboli since June 27, 2014. (`)##
Oct 31, 17 Last 1 Year 2.56 3.88 6.11 10,256 10,388 10,611
CO-MANAGED BY Oct 25, 16 Since Inception 4.52 8.15 6.02 10,933 11,711 11,250
KRISHAN KUMAR DAGA & ANIL BAMBOLI # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The Scheme is
in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan
HDFC DAF - II - NAV as on Oct 31, 2018 ` 11.9714
1160D January 2016

HDFC DAF - III - 1224D NOVEMBER 2016 NAV as on Oct 31, 2018 ` 10.8605
(`)## (%) ## (`) (`)# Benchmark
Oct 31, 17 Last 1 Year 4.01 4.25 6.11 10,401 10,425 10,611 (`)##
Feb 04, 16 Since Inception 6.79 9.15 6.45 11,971 12,711 11,869 Oct 31, 17 Last 1 Year 2.53 4.25 6.11 10,253 10,425 10,611
# NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is Dec 07, 16 Since Inception 4.44 8.20 5.96 10,861 11,615 11,161
in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is
Kumar Daga & Anil Bamboli since inception. in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan
HDFC DAF - II - 1099D MARCH 2016 NAV as on Oct 31, 2018 ` 11.5861
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 3.65 4.25 6.11 10,365 10,425 10,611
# NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is
Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and
hold whereas open ended schemes are actively managed.
SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)

PRASHANT JAIN HDFC TAXSAVER NAV as on Oct 31, 2018 ` 509.168
HDFC EQUITY FUND NAV as on Oct 31, 2018 ` 640.620 (%) (%)# Returns Scheme Benchmark Additional
(%) (%)# Returns (`) (`)# Benchmark Oct 31, 17 Last 1 Year -7.71 -3.17 1.91 9,229 9,683 10,191
(%) ## (`)## Oct 30, 15 Last 3 Years 9.87 10.39 10.22 13,269 13,459 13,396
Oct 31, 17 Last 1 Year -1.86 -3.17 1.91 9,814 9,683 10,191 Oct 31, 13 Last 5 Years 15.70 14.04 11.89 20,746 19,297 17,546
Oct 31, 13 Last 5 Years 17.28 14.04 11.89 22,193 19,297 17,546 # NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index).
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). CHIRAG SETALVAD
HDFC MID-CAP

HDFC TOP 100 FUND
OPPORTUNITIES FUND NAV as on Oct 31, 2018 ` 54.022
NAV as on Oct 31, 2018 ` 469.322
(%) (%)# Returns (`) (`)# Benchmark (%) ## (`) (`)# Benchmark
(%) ## (`)##
(`)##
Oct 31, 17 Last 1 Year -0.79 0.09 4.91 9,921 10,009 10,491 Oct 31, 17 Last 1 Year -7.68 -11.31 1.91 9,232 8,869 10,191
Oct 30, 15 Last 3 Years 11.99 10.53 10.33 14,056 13,511 13,436 Oct 30, 15 Last 3 Years 12.18 10.33 10.22 14,127 13,436 13,396
Jan 01, 13 Since Inception 13.10 12.08 11.76 20,500 19,445 19,124 Jan 01, 13 Since Inception 19.84 13.98 11.42 28,737 21,454 18,792
# NIFTY 100 (Total Returns Index) ## S&P BSE SENSEX (Total Returns Index). # NIFTY Midcap 100 (Total Returns Index) ## NIFTY 50 (Total Returns Index).

HDFC SMALL CAP FUND NAV as on Oct 31, 2018 ` 44.410

HDFC BALANCED ADVANTAGE FUND NAV as on Oct 31, 2018 ` 190.194 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## (`) (`)# Benchmark
(%) (%)# Returns (`) (`)# Benchmark (`)##
(%) ## (`)## Oct 31, 17 Last 1 Year 1.91 -28.39 1.91 10,191 7,161 10,191
Oct 31, 17 Last 1 Year -2.67 2.10 1.91 9,733 10,210 10,191 Oct 30, 15 Last 3 Years 18.16 5.17 10.22 16,511 11,637 13,396
# NIFTY Smallcap 100 (Total Returns Index) ## NIFTY 50 (Total Returns Index).
# NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme
performance may not strictly be comparable with that of its Additional Benchmark in view of balanced
HDFC HYBRID EQUITY FUND NAV as on Oct 31, 2018 ` 51.384
nature of the scheme where a portion of scheme’s investments are made in debt instruments.
Refer to note on performance disclosure on Page no. 13. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
VINAY KULKARNI Oct 31, 17 Last 1 Year -2.31 2.10 1.91 9,769 10,210 10,191
Oct 30, 15 Last 3 Years 10.66 9.08 10.22 13,557 12,985 13,396

HDFC Focused 30 Fund NAV as on Oct 31, 2018 ` 76.394 Oct 31, 13 Last 5 Years 18.09 10.78 11.89 22,975 16,691 17,546
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Jan 01, 13 Since Inception 15.61 10.28 11.42 23,301 17,692 18,792
Returns Returns Benchmark Scheme Benchmark Additional # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Refer to note
(%) (%)# Returns on performance disclosure on Page no. 15.
(`) (`)# Benchmark
(%) ## (`)##
Oct 31, 17 Last 1 Year -9.43 -3.17 4.91 9,057 9,683 10,491 HDFC CHILDREN’S GIFT FUND NAV as on Oct 31, 2018 ` 117.896
Oct 31, 13 Last 5 Years 16.00 14.04 11.75 21,012 19,297 17,430 Returns Returns Benchmark
Jan 01, 13 Since Inception 11.59 12.22 11.76 18,955 19,589 19,124 (%) ## (`) (`)# Benchmark
# NIFTY 500 (Total Returns Index) ## S&P BSE SENSEX (Total Returns Index). (`)##
Oct 31, 17 Last 1 Year -0.08 2.10 1.91 9,992 10,210 10,191
Oct 30, 15 Last 3 Years 11.40 9.08 10.22 13,833 12,985 13,396
HDFC Growth Opportunities Fund NAV as on Oct 31, 2018 ` 106.734 Oct 31, 13 Last 5 Years 16.80 10.78 11.89 21,746 16,691 17,546
Returns Returns Benchmark Scheme Benchmark Additional # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme
(%) (%)# Returns (`) (`)# Benchmark performance may not strictly be comparable with that of its Additional Benchmark in view of balanced
(%) ## (`)## nature of the scheme where a portion of scheme’s investments are made in debt instruments.
Oct 31, 17 Last 1 Year -4.36 -4.39 4.91 9,564 9,561 10,491
Oct 30, 15 Last 3 Years 7.36 11.58 10.33 12,381 13,900 13,436 HDFC LONG TERM ADVANTAGE FUND NAV as on Oct 31, 2018 ` 336.167
# NIFTY Large Midcap 250 (Total Returns Index) ## S&P BSE SENSEX (Total Returns Index). (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
The Scheme, formerly a large cap fund, has undergone change in Fundamental attributes w.e.f. May (`)##
23, 2018 and become a Large and Mid-cap Fund. Accordingly, the Scheme’s benchmark has also Oct 31, 17 Last 1 Year -2.58 4.91 1.91 9,742 10,491 10,191
changed. Hence, the past performance of the Scheme may not strictly be comparable with that of the
Oct 30, 15 Last 3 Years 12.93 10.33 10.22 14,413 13,436 13,396
new benchmark.
Oct 31, 13 Last 5 Years 16.30 11.75 11.89 21,286 17,430 17,546
# S&P BSE SENSEX (Total Returns Index) ## NIFTY 50 (Total Returns Index).
SRINIVAS RAO RAVURI

HDFC Credit Risk Debt Fund NAV as on Oct 31, 2018 ` 15.2510
HDFC EOF - II - 1126D May 2017 (1) NAV as on Oct 31, 2018 ` 10.3700 Returns Returns Benchmark
(%) (%)# Returns (`) (`)# Benchmark Oct 31, 17 Last 1 Year 3.91 4.69 -0.47 10,391 10,469 9,953
(%) ## (`)## Oct 30, 15 Last 3 Years 8.30 7.11 5.44 12,709 12,292 11,726
Oct 31, 17 Last 1 Year -1.56 -3.17 1.91 9,844 9,683 10,191 Mar 25, 14 Since Inception 9.60 8.03 7.56 15,251 14,270 13,986
Jun 15, 17 Since Inception 2.67 4.42 7.63 10,370 10,614 11,066 # crisil Short Term Bond Fund Index ## Crisil 10 year Gilt Index. Refer to note on performance
disclosure on Page no. 36.
Mr. Srinivas Rao Ravuri since inception.

HDFC EOF - II - 1100D June 2017 (1) NAV as on Oct 31, 2018 ` 10.0870 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) (%)# Returns Scheme Benchmark Additional
Returns Returns Benchmark Scheme Benchmark Additional (%) ## (`) (`)# Benchmark
(%) (%)# Returns (`)##
(`) (`)# Benchmark
(%) ## (`)## Oct 31, 17 Last 1 Year 3.14 1.74 -0.47 10,314 10,174 9,953
Oct 31, 17 Last 1 Year -1.12 -3.17 1.91 9,888 9,683 10,191 Oct 30, 15 Last 3 Years 7.74 6.78 5.44 12,511 12,179 11,726
Jul 17, 17 Since Inception 0.67 2.07 5.03 10,087 10,268 10,654 Mar 26, 14 Since Inception 6.50 8.69 7.55 13,363 14,672 13,979
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed by # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. The Scheme is in existence for more
Mr. Srinivas Rao Ravuri since inception. than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC INFRASTRUCTURE FUND HDFC FMP 1105D December 2015 (1) NAV as on Oct 31, 2018 ` 12.5021
NAV as on Oct 31, 2018 ` 15.953
(%) ## (`)##
(`)##
Oct 31, 17 Last 1 Year -28.92 -3.17 1.91 7,108 9,683 10,191 Oct 31, 17 Last 1 Year 6.77 1.74 6.11 10,677 10,174 10,611
Oct 30, 15 Last 3 Years -0.08 10.39 10.22 9,977 13,459 13,396 Dec 30, 15 Since Inception 8.19 6.96 6.44 12,502 12,104 11,937
Oct 31, 13 Last 5 Years 12.92 14.04 11.89 18,366 19,297 17,546 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index).
SHOBHIT MEHROTRA Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC INCOME FUND NAV as on Oct 31, 2018 ` 40.3281 (%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 6.49 1.74 6.11 10,649 10,174 10,611
(%) (%)# Returns Jan 12, 16 Since Inception 8.16 6.92 6.44 12,460 12,062 11,913
(`) (`)# Benchmark # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
(%) ## (`)## than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
Oct 31, 17 Last 1 Year 0.36 1.74 -0.47 10,036 10,174 9,953

Oct 30, 15 Last 3 Years 6.02 6.78 5.44 11,921 12,179 11,726 HDFC FMP 1176D January 2016 (1) NAV as on Oct 31, 2018 ` 12.4330
Oct 31, 13 Last 5 Years 8.30 8.58 6.99 14,905 15,098 14,018
# crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
(`)##
HDFC Medium Term Debt Fund NAV as on Oct 31, 2018 ` 36.4695 Oct 31, 17 Last 1 Year 6.58 1.74 6.11 10,658 10,174 10,611
Returns Returns Benchmark # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
(%) (%)# Returns Scheme Benchmark Additional than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
(%) ## (`) (`)# Benchmark
(`)##

Oct 31, 17 Last 1 Year 4.40 4.69 6.11 10,440 10,469 10,611 HDFC FMP 1167D January 2016 (1) NAV as on Oct 31, 2018 ` 12.4278
Jan 01, 13 Since Inception 8.49 8.16 7.01 16,081 15,798 14,843 (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
# crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. (`)##
Oct 31, 17 Last 1 Year 6.58 1.74 6.11 10,658 10,174 10,611

HDFC Floating Rate Debt Fund NAV as on Oct 31, 2018 ` 31.4858 Jan 28, 16 Since Inception 8.20 7.00 6.44 12,428 12,054 11,880
Date Period Scheme Benchmark Additional Value of ` 10,000 invested # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
Returns Returns Benchmark than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
(%) ## (`) (`)# Benchmark
(`)## HDFC FMP 1155D February 2016 (1) NAV as on Oct 31, 2018 ` 12.4083
Oct 31, 13 Last 5 Years 8.34 7.86 7.22 14,928 14,603 14,176 (%) ## (`) (`)# Benchmark
Jan 01, 13 Since Inception 8.44 8.03 7.01 16,040 15,690 14,843 (`)##
# crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. Oct 31, 17 Last 1 Year 6.63 1.74 6.11 10,663 10,174 10,611
SHOBHIT MEHROTRA....CONTINUED

HDFC FMP 1168D February 2016 (1) NAV as on Oct 31, 2018 ` 12.9521 HDFC FMP 1213D MARCH 2017 (1) NAV as on Oct 31, 2018 ` 11.2379
(%) ## (`) (`)# Benchmark (%) ## (`) (`)# Benchmark
(`)## (`)##
Feb 03, 16 Since Inception 9.89 7.11 6.45 12,952 12,074 11,871 Mar 23, 17 Since Inception 7.53 4.30 5.89 11,238 10,700 10,964
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more

(%) (%)# Returns Scheme Benchmark Additional (%) ## (`) (`)# Benchmark
(%) ## (`) (`)# Benchmark (`)##
(`)## Oct 31, 17 Last 1 Year 5.75 1.74 6.11 10,575 10,174 10,611
Oct 31, 17 Last 1 Year 6.36 1.74 6.11 10,636 10,174 10,611 Mar 30, 17 Since Inception 7.44 3.98 5.91 11,208 10,639 10,955
Feb 18, 16 Since Inception 8.19 7.21 6.45 12,369 12,070 11,840 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more

HDFC FMP 1172D APRIL 2017 (1) NAV as on Oct 31, 2018 ` 10.9690

HDFC FMP 1161D February 2016 (1) NAV as on Oct 31, 2018 ` 13.0543 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Returns Returns Benchmark (%) ## (`) (`)# Benchmark
(%) (%)# Returns Scheme Benchmark Additional (`)##
(%) ## (`) (`)# Benchmark
(`)## Oct 31, 17 Last 1 Year 4.71 1.74 6.11 10,471 10,174 10,611
Oct 31, 17 Last 1 Year 8.49 1.74 6.11 10,849 10,174 10,611 Apr 11, 17 Since Inception 6.12 4.14 5.94 10,969 10,652 10,939
Feb 25, 16 Since Inception 10.45 7.49 6.45 13,054 12,139 11,825 than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
HDFC FMP 1165D APRIL 2017 (1) NAV as on Oct 31, 2018 ` 10.9569

HDFC FMP 1148D February 2016 (2) NAV as on Oct 31, 2018 ` 12.9842 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`)##
(%) ## (`) (`)# Benchmark Oct 31, 17 Last 1 Year 4.74 1.74 6.11 10,474 10,174 10,611
(`)##
Oct 31, 17 Last 1 Year 8.81 1.74 6.11 10,881 10,174 10,611 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
Mar 04, 16 Since Inception 10.31 7.10 6.41 12,984 12,001 11,796 than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
HDFC FMP 1166D May 2017 (1) NAV as on Oct 31, 2018 ` 11.0591
(`)##
(`)## May 09, 17 Since Inception 7.04 4.07 6.11 11,059 10,607 10,917
Mar 03, 16 Since Inception 8.27 7.12 6.41 12,357 12,010 11,798 than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.
HDFC FMP 1430D JULY 2017 (1) NAV as on Oct 31, 2018 ` 10.5402
HDFC FMP 1140D March 2016 (1) NAV as on Oct 31, 2018 ` 12.9378 Returns Returns Benchmark
Returns Returns Benchmark (`)##
(`)## Aug 01, 17 Since Inception 4.30 1.87 6.02 10,540 10,234 10,758
than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. KRISHAN KUMAR DAGA
HDFC ARBITRAGE FUND -
WHOLESALE PLAN NAV as on Oct 31, 2018 ` 13.649
(`)## (%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 6.49 1.74 6.11 10,649 10,174 10,611
Mar 22, 16 Since Inception 8.09 6.74 6.40 12,251 11,858 11,758 Oct 31, 17 Last 1 Year 6.23 4.90 1.91 10,623 10,490 10,191
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more Oct 30, 15 Last 3 Years 6.51 5.26 10.22 12,086 11,666 13,396
than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Apr 07, 14 Since Inception 7.04 6.34 11.54 13,649 13,245 16,473
# NIFTY 50 Arbitrage Index ## NIFTY 50 (Total Returns Index). Scheme performance is not strictly
comparable with that of its Additional Benchmark since the scheme does not take directional call
in equity markets but is limited to availing arbitrage opportunities, etc.
KRISHAN KUMAR DAGA....CONTINUED

HDFC INDEX FUND - SENSEX PLAN NAV as on Oct 31, 2018 ` 307.6461 HDFC Corporate Bond Fund NAV as on Oct 31, 2018 ` 19.8954
(%) ## (`) (`)# Benchmark
(%) ## (`) (`)# Benchmark
(`)## (`)##
Oct 31, 17 Last 1 Year 4.56 4.91 1.91 10,456 10,491 10,191 Oct 31, 17 Last 1 Year 4.38 1.74 -0.47 10,438 10,174 9,953
Jan 01, 13 Since Inception 11.43 11.76 11.42 18,801 19,124 18,792 Jan 01, 13 Since Inception 8.37 7.88 6.13 15,980 15,568 14,152
# S&P BSE SENSEX (Total Returns Index) ## NIFTY 50 (Total Returns Index). Refer to note on # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. Refer to note on performance
performance disclosure on Page no. 22. disclosure on Page no. 35.

HDFC INDEX FUND - NIFTY 50 PLAN NAV as on Oct 31, 2018 ` 95.003 HDFC Low Duration Fund NAV as on Oct 31, 2018 ` 39.3098
(%) ## (`)##
(`)##
Oct 31, 17 Last 1 Year 6.11 7.32 6.11 10,611 10,732 10,611
Oct 31, 17 Last 1 Year 1.78 1.91 4.91 10,178 10,191 10,491
Oct 30, 15 Last 3 Years 7.71 7.21 6.47 12,500 12,328 12,074
Oct 30, 15 Last 3 Years 9.86 10.22 10.33 13,265 13,396 13,436
Oct 31, 13 Last 5 Years 8.23 7.86 7.22 14,853 14,603 14,176
Oct 31, 13 Last 5 Years 11.60 11.89 11.75 17,319 17,546 17,430
# Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index.
# NIFTY 50 (Total Returns Index) ## S&P BSE SENSEX (Total Returns Index).

HDFC GOLD FUND NAV as on Oct 31, 2018 ` 10.6526
Date Period Scheme Returns Benchmark Value of ` 10,000 invested Returns Returns Benchmark
(%) Returns (%) (%)# Returns Scheme Benchmark Additional
(%)# Scheme Benchmark (`)# (`) (`)# Benchmark
(`) (%) ##
(`)##
Oct 31, 17 Last 1 Year 7.88 8.93 10,788 10,893 Oct 31, 17 Last 1 Year 6.61 1.74 6.11 10,661 10,174 10,611
Oct 30, 15 Last 3 Years 5.20 6.23 11,647 11,991 Mar 16, 16 Since Inception 8.05 6.95 6.40 12,257 11,932 11,771
Oct 31, 13 Last 5 Years -0.24 1.84 9,879 10,954 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
Jan 01, 13 Since Inception -0.64 0.77 9,633 10,457 more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
# Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since
October 19, 2015.
HDFC CHARITY FUND FOR CANCER Date Period Scheme Benchmark Additional Value of ` 10,000 invested
NAV as on Oct 31, 2018 Returns Returns Benchmark
CURE - ARBITRAGE PLAN^ ` 10.0650 (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (`)##
(%) (%)# Returns Scheme Benchmark Additional Oct 31, 17 Last 1 Year 6.20 1.74 6.11 10,620 10,174 10,611
(%) ## (`) (`)# Benchmark Mar 29, 16 Since Inception 8.02 6.76 6.40 12,213 11,847 11,744
(`)##
Oct 31, 17 Last 1 Year 3.04 4.90 1.91 10,304 10,490 10,191 more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
# NIFTY 50 Arbitrage Index ## NIFTY 50 Index. The Scheme is in existence for more than 1
year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception. HDFC FMP 1190D March 2016 (1) NAV as on Oct 31, 2018 ` 12.9152
^
Scheme offers Dividend option only. Returns of HDFC Charity Fund for Cancer Cure - Arbitrage Plan -
Direct Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are Date Period Scheme Benchmark Additional Value of ` 10,000 invested
assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
(`)##
ANUPAM JOSHI Oct 31, 17 Last 1 Year 8.61 1.74 6.11 10,861 10,174 10,611

HDFC LIQUID FUND NAV as on Oct 31, 2018 ` 3567.8560 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
HDFC FMP 1104D APRIL 2016 (1)
(%) ## (`) (`)# Benchmark NAV as on Oct 31, 2018 ` 12.0742
Oct 24, 18 Last 7 days 7.22 7.29 7.66 10,014 10,014 10,015 Returns Returns Benchmark
Oct 16, 18 Last 15 days 7.25 7.22 9.13 10,030 10,030 10,038 (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
Sep 30, 18 Last 1 Month 7.33 7.52 11.09 10,062 10,064 10,094 (`)##
Oct 30, 15 Last 3 Years 7.21 7.21 6.47 12,328 12,328 12,074
Oct 31, 13 Last 5 Years 7.90 7.86 7.22 14,627 14,603 14,176
Dec 31, 12 Since Inception 8.10 8.03 7.01 15,751 15,693 14,849 more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.
Returns less than 1 year period are simple annualized. # crisil Liquid Fund Index ## Crisil
1 year T-Bill Index.
ANUPAM JOSHI....CONTINUED

HDFC FMP 1127D May 2016 (1) NAV as on Oct 31, 2018 ` 12.4153 HDFC FMP 1136D June 2017 (1) NAV as on Oct 31, 2018 ` 10.9524
(`)## (`)##
May 31, 16 Since Inception 9.35 6.47 6.32 12,415 11,636 11,598 Jun 08, 17 Since Inception 6.73 2.62 6.07 10,952 10,368 10,858
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

HDFC FMP 1153D April 2016 (1) NAV as on Oct 31, 2018 ` 12.5025
ANIL BAMBOLI
(%) (%)# Returns Scheme Benchmark Additional HDFC Dynamic Debt Fund NAV as on Oct 31, 2018 ` 61.8990
(%) ## (`) (`)# Benchmark
May 05, 16 Since Inception 9.38 6.46 6.31 12,503 11,686 11,647 (%) ## (`) (`)# Benchmark
(`)##
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Oct 31, 17 Last 1 Year 1.15 1.74 -0.47 10,115 10,174 9,953
Oct 30, 15 Last 3 Years 6.69 6.78 5.44 12,148 12,179 11,726

HDFC FMP 1113D June 2016 (1) NAV as on Oct 31, 2018 ` 11.9810 Oct 31, 13 Last 5 Years 8.83 8.58 6.99 15,270 15,098 14,018
Returns Returns Benchmark # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index.
(%) ## (`) (`)# Benchmark
(`)##
HDFC Short Term Debt Fund NAV as on Oct 31, 2018 ` 19.9480
Oct 31, 17 Last 1 Year 6.10 1.74 6.11 10,610 10,174 10,611
Jun 08, 16 Since Inception 7.83 6.47 6.30 11,981 11,621 11,578 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for (%) (%)# Returns Scheme Benchmark Additional
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. (%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 5.54 4.69 6.11 10,554 10,469 10,611
Oct 30, 15 Last 3 Years 7.42 7.11 6.47 12,401 12,292 12,074
(%) (%)# Returns Scheme Benchmark Additional Jan 01, 13 Since Inception 8.42 8.16 7.01 16,025 15,798 14,843
(%) ## (`) (`)# Benchmark # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index.
(`)##
Oct 31, 17 Last 1 Year 6.08 1.74 6.11 10,608 10,174 10,611

Jun 21, 16 Since Inception 7.79 6.47 6.29 11,937 11,595 11,550 HDFC GILT FUND NAV as on Oct 31, 2018 ` 36.4577
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC FMP 1128D June 2016 (1) (%) ## (`) (`)# Benchmark
NAV as on Oct 31, 2018 ` 12.3378
(`)##
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Oct 31, 17 Last 1 Year 1.95 1.86 -0.47 10,195 10,186 9,953
(%) (%)# Returns Scheme Benchmark Additional Oct 30, 15 Last 3 Years 7.01 6.48 5.44 12,258 12,075 11,726
(%) ## (`) (`)# Benchmark Oct 31, 13 Last 5 Years 9.43 8.51 6.99 15,697 15,046 14,018
(`)##
Oct 31, 17 Last 1 Year 7.14 1.74 6.11 10,714 10,174 10,611 # CRISIL Dynamic Gilt Index ## Crisil 10 year Gilt Index.
HDFC BANKING AND PSU DEBT FUND NAV as on Oct 31, 2018 ` 14.4670
HDFC FMP 1112D June 2016 (1) NAV as on Oct 31, 2018 ` 11.8695 Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
Returns Returns Benchmark (`)##
(`)## Oct 30, 15 Last 3 Years 7.51 7.11 6.47 12,433 12,292 12,074
Oct 31, 17 Last 1 Year 5.79 1.74 6.11 10,579 10,174 10,611 Mar 26, 14 Since Inception 8.35 8.03 7.20 14,467 14,269 13,771
Jul 07, 16 Since Inception 7.67 6.09 6.25 11,870 11,469 11,508 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index.

HDFC Money Market Fund NAV as on Oct 31, 2018 ` 3780.8573

HDFC FMP 1161D JuLY 2016 (1) NAV as on Oct 31, 2018 ` 12.1779 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## (`) (`)# Benchmark
(%) (%)# Returns Scheme Benchmark Additional (`)##
(%) ## (`) (`)# Benchmark
(`)## Oct 31, 17 Last 1 Year 7.23 7.32 6.11 10,723 10,732 10,611
Oct 31, 17 Last 1 Year 7.29 1.74 6.11 10,729 10,174 10,611 Oct 30, 15 Last 3 Years 7.26 7.21 6.47 12,346 12,328 12,074
Jul 27, 16 Since Inception 9.10 5.63 6.20 12,178 11,320 11,459 Oct 31, 13 Last 5 Years 7.92 7.86 7.22 14,643 14,603 14,176
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Dec 31, 12 Since Inception 8.11 8.03 7.01 15,759 15,693 14,849
more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index.
HDFC OVERNIGHT FUND

NAV as on Oct 31, 2018 ` 2750.9081 HDFC FMP 793D FEBRUARY 2014 (1) NAV as on Oct 31, 2018 ` 14.6621
(`)## (`)##
Oct 24, 18 Last 7 days 6.27 5.89 7.66 10,012 10,011 10,015 Oct 31, 17 Last 1 Year 4.97 4.69 6.11 10,497 10,469 10,611
Oct 16, 18 Last 15 days 6.30 6.20 9.13 10,026 10,025 10,038 Oct 30, 15 Last 3 Years 6.87 7.11 6.47 12,210 12,292 12,074
Sep 30, 18 Last 1 Month 6.18 6.07 11.09 10,052 10,052 10,094 Feb 26, 14 Since Inception 8.52 8.13 7.25 14,662 14,418 13,872
Oct 31, 17 Last 1 Year 6.10 6.03 6.11 10,610 10,603 10,611 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
Oct 30, 15 Last 3 Years 6.23 6.23 6.47 11,990 11,993 12,074 more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.
Oct 31, 13 Last 5 Years 6.89 6.98 7.22 13,958 14,012 14,176

Dec 31, 12 Since Inception 7.09 7.16 7.01 14,914 14,975 14,849 HDFC FMP 1111D November 2015 (1) NAV as on Oct 31, 2018 ` 12.5313
Returns less than 1 year period are simple annualized. # CRISIL Overnight Index ## Crisil Date Period Scheme Benchmark Additional Value of ` 10,000 invested
1 year T-Bill Index.
(%) ## (`) (`)# Benchmark
HDFC CHARITY FUND FOR CANCER (`)##
NAV as on Oct 31, 2018 ` 10.1087
CURE - DEBT PLAN^ Oct 31, 17 Last 1 Year 6.87 1.74 6.11 10,687 10,174 10,611
Returns Returns Benchmark # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
(%) (%)# Returns Scheme Benchmark Additional more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 5.02 4.69 6.11 10,502 10,469 10,611 HDFC FMP 1111D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.9932
Mar 27, 17 Since Inception 6.47 5.65 5.89 11,053 10,918 10,958 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
# CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Returns Returns Benchmark
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. (%) ## (`) (`)# Benchmark
^ Scheme offers Dividend option only. Returns of HDFC Charity Fund for Cancer Cure - Debt Plan - (`)##
Direct Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are Oct 31, 17 Last 1 Year 7.31 1.74 6.11 10,731 10,174 10,611
assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). Sep 15, 16 Since Inception 8.93 4.93 6.14 11,993 11,077 11,350
HDFC FMP 1846D AUGUST 2013 (1) NAV as on Oct 31, 2018 ` 15.5000

Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC FMP 1309D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.8718
(%) ## (`) (`)# Benchmark Returns Returns Benchmark
Oct 31, 17 Last 1 Year 5.14 1.74 6.11 10,514 10,174 10,611 (%) ## (`) (`)# Benchmark
(`)##
Oct 30, 15 Last 3 Years 6.86 6.78 6.47 12,206 12,179 12,074
Oct 31, 17 Last 1 Year 5.70 1.74 6.11 10,570 10,174 10,611
Oct 31, 13 Last 5 Years 8.33 8.58 7.22 14,919 15,098 14,176
Aug 14, 13 Since Inception 8.76 8.86 7.41 15,500 15,571 14,517
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception.

HDFC FMP 1302D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.8314

HDFC FMP 1175D JANUARY 2014 (1) NAV as on Oct 31, 2018 ` 15.3976 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Returns Returns Benchmark (`) (`)# Benchmark
(%) (%)# Returns Scheme Benchmark Additional (%) ##
(`) (`)# Benchmark (`)##
(%) ##
(`)## Oct 31, 17 Last 1 Year 5.64 1.74 6.11 10,564 10,174 10,611
Oct 31, 17 Last 1 Year 7.07 1.74 6.11 10,707 10,174 10,611 Sep 28, 16 Since Inception 8.38 4.55 6.10 11,831 10,974 11,318
Oct 30, 15 Last 3 Years 7.92 6.78 6.47 12,573 12,179 12,074 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
# Crisil Short Composite Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
HDFC FMP 1218D DECEMBER 2016 (1) NAV as on Oct 31, 2018 ` 11.3633

HDFC FMP 370D MARCH 2014 (1) (%) (%)# Returns Scheme Benchmark Additional
NAV as on Oct 31, 2018 ` 14.2694
(%) ## (`) (`)# Benchmark
(`)##
Returns Returns Benchmark Oct 31, 17 Last 1 Year 5.71 1.74 6.11 10,571 10,174 10,611
(%) (%)# Returns Scheme Benchmark Additional Jan 12, 17 Since Inception 7.36 3.30 5.92 11,363 10,602 11,090
(%) ## (`) (`)# Benchmark
(`)## # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for
Oct 31, 17 Last 1 Year 4.95 4.69 6.11 10,495 10,469 10,611
Oct 30, 15 Last 3 Years 7.02 7.11 6.47 12,261 12,292 12,074
HDFC FMP 1199D JANUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.2721
# Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Returns Returns Benchmark
more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. (%) (%)# Returns Scheme Benchmark Additional
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 5.49 1.74 6.11 10,549 10,174 10,611

HDFC FMP 1150D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.0679 CO-MANAGED BY
Date Period Scheme Benchmark Additional
Value of ` 10,000 invested PRASHANT JAIN & SHOBHIT MEHROTRA
(%) ## (`) (`)# Benchmark HDFC Hybrid Debt Fund
(`)## NAV as on Oct 31, 2018 ` 44.7044
Feb 22, 17 Since Inception 6.20 4.69 5.96 11,068 10,804 11,027 (%) (%)# Returns Scheme Benchmark Additional
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for (%) ## (`) (`)# Benchmark
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. (`)##
Oct 31, 17 Last 1 Year -1.70 1.86 -0.47 9,830 10,186 9,953
HDFC FMP 1155D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.0533 Oct 30, 15 Last 3 Years 7.51 7.02 5.44 12,432 12,263 11,726
Returns Returns Benchmark Jan 01, 13 Since Inception 9.40 8.26 6.13 16,886 15,890 14,152
(%) ## (`) (`)# Benchmark # NIFTY 50 Hybrid Composite Debt 15:85 Index ## CRISIL 10 year Gilt Index. Refer to note on
(`)## performance disclosure on Page no. 32.
Oct 31, 17 Last 1 Year 4.85 1.74 6.11 10,485 10,174 10,611
CO-MANAGED BY
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. ANIL BAMBOLI & MITEN LATHIA

HDFC DYNAMIC
Date Period Scheme Benchmark Additional Value of ` 10,000 invested PE RATIO FUND OF FUNDS
Returns Returns Benchmark NAV as on Oct 31, 2018 ` 18.3664
(%) ## (`) (`)# Benchmark Returns Returns Benchmark
(`)##
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Oct 31, 17 Last 1 Year -2.64 2.10 1.91 9,736 10,210 10,191
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Oct 30, 15 Last 3 Years 9.72 9.08 10.22 13,217 12,985 13,396
Oct 31, 13 Last 5 Years 9.90 10.78 11.89 16,036 16,691 17,546
HDFC FMP 1169D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` 11.0541 Jan 01, 13 Since Inception 9.39 10.28 11.42 16,880 17,692 18,792
Date Period Scheme Benchmark Additional Value of ` 10,000 invested # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme
Returns Returns Benchmark performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid
(%) (%)# Returns Scheme Benchmark Additional nature of the scheme where a portion of scheme’s investments are made in equity instruments. The
(%) ## (`) (`)# Benchmark scheme is managed by Mr. Anil Bamboli & Miten Lathia since June 27, 2014.
(`)##
Oct 31, 17 Last 1 Year 4.87 1.74 6.11 10,487 10,174 10,611 CO-MANAGED BY CHIRAG SETALVAD, ANIL
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for BAMBOLI & KRISHAN KUMAR DAGA

HDFC Multi - Asset Fund NAV as on Oct 31, 2018 ` 31.1010
(%) (%)# Returns Scheme Benchmark Additional (`) (`)# Benchmark
(`) (`)# Benchmark (%) ##
(%) ## (`)##
(`)##
Oct 31, 17 Last 1 Year -1.47 2.83 1.91 9,853 10,283 10,191
Oct 31, 17 Last 1 Year 5.43 1.74 6.11 10,543 10,174 10,611
Oct 30, 15 Last 3 Years 6.46 8.89 10.22 12,071 12,919 13,396
# Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The Scheme is in existence for Oct 31, 13 Last 5 Years 9.45 9.97 11.89 15,710 16,089 17,546
more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Jan 01, 13 Since Inception 8.67 9.44 11.42 16,241 16,925 18,792
# 90% NIFTY 50 Hybrid Composite Debt 65:35 Index + 10% Domestic Price of Gold ## Nifty 50
MITEN LATHIA (Total Returns Index). The Scheme formerly, a debt oriented hybrid fund, has undergone change in
Fundamental attributes w.e.f. May 23, 2018 and become a multi asset fund investing in equities, debt and
gold. Accordingly, the Scheme’s benchmark and additional benchmarks have also changed. Hence, the past
performance of the Scheme since inception till May 22, 2018 may not strictly be comparable with those of
HDFC Capital Builder Value Fund NAV as on Oct 31, 2018 ` 284.705
the new benchmark and the additional benchmark. Scheme performance may not strictly be comparable
Date Period Scheme Benchmark Additional Value of ` 10,000 invested with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s
Returns Returns Benchmark investments are made in debt instruments and gold.
(%) ## (`) (`)# Benchmark
Oct 31, 17 Last 1 Year -4.35 -3.17 1.91 9,565 9,683

(`)##
10,191
CO-MANAGED BY VINAY KULKARNI,
Oct 30, 15 Last 3 Years 11.83 10.39 10.22 13,993 13,459 13,396 KRISHAN KUMAR DAGA & ANIL BAMBOLI
Oct 31, 13 Last 5 Years 18.12 14.04 11.89 23,001 19,297 17,546

Jan 01, 13 Since Inception 16.35 12.22 11.42 24,184 19,589 18,792 HDFC EQUITY SAVINGS FUND NAV as on Oct 31, 2018 ` 37.0100
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index).
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 2.94 4.09 1.91 10,294 10,409 10,191
Oct 30, 15 Last 3 Years 11.66 7.46 10.22 13,929 12,413 13,396
Oct 31, 13 Last 5 Years 11.01 8.81 11.89 16,863 15,256 17,546
# 40% NIFTY 50 Arbitrage Index, 30% Crisil Short Term Bond Fund Index and 30% NIFTY 50 (Total Returns
Index) ## Nifty 50 (Total Returns Index). Scheme performance may not strictly be comparable with
that of its Additional Benchmark, since a portion of scheme’s investments are made in equity instruments.

CO-MANAGED BY HDFC DAF - III - 1224D NOVEMBER 2016 NAV as on Oct 31, 2018 ` 11.2220
KRISHAN KUMAR DAGA & ANIL BAMBOLI Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC DAF - II - 1160D JANUARY 2016 NAV as on Oct 31, 2018 ` 12.4999 (%) ## (`) (`)# Benchmark
(`)##
(%) (%)# Returns Scheme Benchmark Additional Dec 07, 16 Since Inception 6.26 8.20 5.96 11,222 11,615 11,161
(%) ## (`) (`)# Benchmark # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is
(`)## in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan
Oct 31, 17 Last 1 Year 5.42 4.25 6.11 10,542 10,425 10,611 Kumar Daga & Anil Bamboli since inception.
# NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is CO-MANAGED BY
Kumar Daga & Anil Bamboli since inception. CHIRAG SETALVAD & SHOBHIT MEHROTRA

HDFC DAF - II - 1099D MARCH 2016 NAV as on Oct 31, 2018 ` 12.1134
HDFC Retirement
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Savings Fund - Equity plan
(`) (`)# Benchmark Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## Returns Returns Benchmark
(`)##
Apr 12, 16 Since Inception 7.80 8.71 6.32 12,113 12,376 11,694 (`)##
# NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is Oct 31, 17 Last 1 Year -3.35 -3.17 1.91 9,665 9,683 10,191
in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Feb 25, 16 Since Inception 20.41 18.03 17.72 16,458 15,601 15,489
Kumar Daga & Anil Bamboli since inception. # Nifty 500 (Total Returns Index) ## Nifty 50 (Total Returns Index).

HDFC DAF - II - 1111D April 2016 NAV as on Oct 31, 2018 ` 11.9957
HDFC Retirement
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Savings Fund - Hybrid Equity plan
(%) ## (`) (`)# Benchmark Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`)## Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
May 12, 16 Since Inception 7.64 8.54 6.32 11,996 12,246 11,636 (`)##
# NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The Scheme is Oct 31, 17 Last 1 Year 0.60 2.10 1.91 10,060 10,210 10,191
in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Feb 25, 16 Since Inception 19.65 14.14 17.72 16,181 14,258 15,489
# NIFTY 50 Hybrid Composite Debt 65:35 Index ## Nifty 50 (Total Returns Index).

HDFC DAF - III - 1304D AUGUST 2016 NAV as on Oct 31, 2018 ` 11.5030
Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC Retirement
Returns Returns Benchmark Savings Fund - Hybrid Debt plan
(%) (%)# Returns Scheme Benchmark Additional NAV as on Oct 31, 2018 ` 13.0106
(%) ## (`) (`)# Benchmark Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`)## Returns Returns Benchmark
(%) ## (`) (`)# Benchmark
Sep 12, 16 Since Inception 6.78 7.95 6.13 11,503 11,772 11,353 (`)##
# NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The Scheme is Oct 31, 17 Last 1 Year 0.23 1.86 -0.47 10,023 10,186 9,953
Kumar Daga & Anil Bamboli since inception. Feb 26, 16 Since Inception 10.32 8.69 5.80 13,011 12,503 11,632
# NIFTY 50 Hybrid Composite Debt 15:85 Index ## Crisil 10 Year Gilt Index.

HDFC DAF - III - 1267D OCTOBER 2016 NAV as on Oct 31, 2018 ` 11.3331
(%) ## (`) (`)# Benchmark
(`)##
Oct 31, 17 Last 1 Year 4.04 3.88 6.11 10,404 10,388 10,611
Oct 25, 16 Since Inception 6.40 8.15 6.02 11,333 11,711 11,250
# NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The Scheme is
PERFORMANCE OF CATEGORY I - FPI PORTFOLIO (MANAGED BY PRASHANT JAIN)

Returns (%)
Managing (As on October 31, 2018)
Portfolio Since
Last 1 year (%) Last 3 years (%) Last 5 years (%)
Category I - FPI Portfolio
(managed under a bilateral agreement under March 22, 2016 2.58 N.A. N.A.
Regulation 24(b) and subject to applicable laws)
Benchmark- MSCI India (Total Returns) 0.31 N.A. N.A.
Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualised (CAGR). Inception date is March 22, 2016. The
performance is not comparable with the performance of the aforementioned scheme(s) of HDFC Mutual Fund due to differing investment objective/s and fundamental differences in asset
allocation, investment strategy and the regulatory environment. The said disclosure is pursuant to SEBI Circular no. Cir/IMD/DF/7/2012 dated February 28, 2012 pertaining to Regulation
24(b) of SEBI (Mutual Funds) Regulations, 1996. FPI - Foreign Portfolio Investor.

Dividend History ^
HDFC Equity Fund (Past 3 years) Dividend Option HDFC Small Cap Fund (Past 3 years) Dividend Option
Record Date Regular Plan Direct Plan Record Date Regular Plan Direct Plan
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Mar 17, 16 45.848 4.50 4.50 47.059 4.50 4.50 Feb 25, 16 17.986 2.00 2.00 18.565 1.99 1.99
Mar 23, 17 54.903 5.00 5.00 56.993 5.00 5.00 Mar 01, 17 22.892 2.00 2.00 24.040 2.00 2.00
Mar 22, 18 55.480 5.50 5.50 58.320 5.50 5.50 Mar 22, 18 28.810 2.75 2.75 30.776 1.00 1.00
HDFC Top 100 Fund (Past 3 years) Dividend Option HDFC Hybrid Equity Fund (Past 3 quarters) Dividend Option
Mar 03, 16 43.228 3.50 3.50 44.146 3.50 3.50 Mar 26, 18 ¤ 31.005 0.700 0.700 34.121 0.700 0.700
Mar 09, 17 52.759 4.50 4.50 54.388 4.50 4.50 Jun 25, 18 12.614 0.320 0.320 13.183 0.320 0.320
Mar 06, 18 54.454 6.00 6.00 56.705 6.00 6.00 Sep 25, 18 12.214 0.320 0.320 12.822 0.320 0.320
¤ Effective close of business hours of June 1, 2018, HDFC Balanced Fund merged with HDFC Premier
HDFC Capital Builder Value Fund (Past 3 years) Dividend Option Multi Cap Fund (HDFC Hybrid Equity Fund after changes in fundamental attributes). As the portfolio
characteristics and the broad investment strategy of HDFC Hybrid Equity Fund is similar to that of
Record Date Regular Plan Direct Plan erstwhile HDFC Balanced Fund, the track record (i.e. since inception date dividend history, etc) and
past performance of erstwhile HDFC Balanced Fund has been considered, in line with SEBI circular
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
HDFC Balanced Advantage Fund (Past 3 months) Dividend Option
Feb 25, 16 23.429 2.75 2.75 23.920 2.75 2.75
Record Date Regular Plan Direct Plan
Mar 01, 17 28.767 3.00 3.00 29.796 3.00 3.00
Feb 22, 18 31.809 3.50 3.50 33.423 3.50 3.50 Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
HDFC Focused 30 Fund (Past 3 years) Dividend Option Aug 27, 18 31.555 0.310 0.310 32.968 0.310 0.310
Record Date Regular Plan Direct Plan Sep 25, 18 29.880 0.310 0.310 31.264 0.310 0.310
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Oct 25, 18 27.981 0.310 0.310 29.322 0.310 0.310
HDFC TaxSaver (Past 3 years) Dividend Option
Feb 25, 16 16.580 2.00 2.00 16.988 2.00 2.00 (An open-ended equity linked savings scheme with a lock-in period of 3 years)
Mar 01, 17 20.219 2.00 2.00 21.216 2.00 2.00
Feb 22, 18 21.508 2.25 2.25 22.914 2.25 2.25
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
HDFC Arbitrage Fund NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Normal Dividend Option (Past 3 months) Mar 10, 16 53.821 6.00 6.00 54.911 6.00 6.00
Record Date Wholesale Plan Direct Plan Mar 16, 17 66.383 6.50 6.50 68.370 6.50 6.50
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Mar 15, 18 66.562 7.00 7.00 69.256 7.00 7.00
HDFC Infrastructure Fund (Past 3 years) Dividend Option
Aug 23, 18 10.475 0.050 0.050 10.805 0.050 0.050
Sep 21, 18 10.460 0.050 0.050 10.795 0.050 0.050 Record Date Regular Plan Direct Plan
Oct 19, 18 10.460 0.050 0.050 10.801 0.050 0.050 Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Monthly Dividend Option (Past 3 months)
Record Date Wholesale Plan Wholesale Plan - Direct Plan Mar 17, 16 12.129 1.000 1.000 - - -
Mar 23, 17 14.388 1.500 1.500 17.736 1.500 1.500
Mar 15, 18 14.630 1.750 1.750 18.570 1.750 1.750
Aug 23, 18 10.880 0.050 0.050 10.536 0.050 0.050 HDFC Hybrid Debt Fund
Sep 21, 18 10.867 0.050 0.050 10.525 0.050 0.050 Monthly Dividend Option (Past 3 months)
Oct 19, 18 10.869 0.050 0.050 10.529 0.050 0.050
HDFC Growth Opportunities Fund (Past 3 years) Dividend Option
Record Date Regular Plan Direct Plan Aug 27, 18 13.5198 0.0800 0.0741 14.0304 0.0800 0.0741
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Sep 25, 18 13.1599 0.0800 0.0741 13.6676 0.0800 0.0741
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Oct 25, 18 12.9461 0.0800 0.0741 13.4557 0.0800 0.0741
Feb 18, 16 - - - 19.186 1.75 1.75 Quarterly Dividend Option (Past 3 quarters)
Feb 23, 17 22.342 2.25 2.25 24.880 2.25 2.25 Record Date Regular Plan Direct Plan
Mar 01, 18 22.901 2.25 2.25 25.854 2.25 2.25 Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
HDFC Mid-Cap Opportunities Fund (Past 3 years) Dividend Option
Mar 26, 18 14.5376 0.2400 0.2224 15.0201 0.2400 0.2224
Record Date Regular Plan Direct Plan Jun 25, 18 14.1797 0.2400 0.2222 14.6858 0.2400 0.2222
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Sep 25, 18 13.9404 0.2400 0.2222 14.4729 0.2400 0.2222
Mar 23, 16 25.133 1.50 1.50 28.582 1.50 1.50
Mar 23, 17 31.806 2.25 2.25 36.789 2.25 2.25
Mar 01, 18 34.912 3.00 3.00 41.189 3.00 3.00
^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid
regularly. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to www.hdfcfund.com for Record Date-wise listing of dividends
declared.

Dividend History ^
HDFC Equity Savings Fund (Past 3 quarters) Dividend Option HDFC Gilt Fund
Record Date Regular Plan Direct Plan (Dividend Option) (Past 3 quarters)
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Record Date Regular Plan Direct Plan
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Mar 26, 18 11.6260 0.2500 0.2500 12.2430 0.2500 0.2500 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Jun 25, 18 11.4760 0.2210 0.2210 12.1520 0.2210 0.2210 Mar 26, 18 10.9353 0.0500 0.0463 11.2236 0.0500 0.0463
Sep 25, 18 11.4350 0.2210 0.2210 12.1760 0.2210 0.2210 Jun 25, 18 10.9117 0.0500 0.0463 11.2117 0.0500 0.0463
Sep 25, 18 10.9269 0.0500 0.0463 11.2391 0.0500 0.0463
HDFC Multi-Asset Fund (Past 3 years) Dividend Option
Record Date Regular Plan Direct Plan HDFC Liquid Fund
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Monthly Dividend Option (Past 3 months)
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Record Regular Plan Direct Plan
Mar 03, 16 11.9008 0.7223 0.6692 12.5570 0.7223 0.6692 Date Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Mar 09, 17 12.3216 0.7945 0.7361 13.1369 0.7945 0.7361 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Mar 01, 18 12.2077 0.7945 0.7361 13.1690 0.7945 0.7361 Aug 27, 18 1031.7016 3.8909 3.6030 1031.7811 3.9482 3.6560
Sep 24, 18 1031.7064 3.8944 3.6062 1031.7832 3.9497 3.6574
HDFC Income Fund (Past 3 quarters) Quarterly Dividend Option Oct 29, 18 1033.3495 5.0779 4.7022 1033.4496 5.1500 4.7689
Record Date Regular Plan Direct Plan HDFC Floating Rate Debt Fund
NAV (`) NAV (`) Individuals & HUF Others Monthly Dividend Option (Past 3 months)
Individuals & HUF Others
Mar 26, 18 10.8005 0.0500 0.0463 11.3149 0.0500 0.0463 Record Date Wholesale Option Wholesale Option - Direct Plan
Jun 25, 18 10.7511 0.0500 0.0463 11.2820 0.0500 0.0463 Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Sep 25, 18 10.7248 0.0500 0.0463 11.2729 0.0500 0.0463 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Aug 27, 18 10.2036 0.0429 0.0397 10.2024 0.0420 0.0389
Sep 24, 18 10.1670 0.0165 0.0153 10.1681 0.0173 0.0160
HDFC Dynamic Debt Fund
Oct 29, 18 10.2184 0.0535 0.0496 10.2199 0.0546 0.0506
Quarterly Dividend Option (Past 3 quarters) Record Date Retail Option
Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others
Aug 27, 18 10.2009 0.0409 0.0379
Mar 26, 18 11.8497 0.0500 0.0463 12.3583 0.0500 0.0463
Sep 24, 18 10.1654 0.0153 0.0142
Jun 25, 18 11.7857 0.0500 0.0463 12.3138 0.0500 0.0463
Oct 29, 18 10.2166 0.0522 0.0484
Sep 25, 18 11.7741 0.0500 0.0463 12.3239 0.0500 0.0463
Half-yearly (Dividend Option) (Past 2 years)
HDFC Low Duration Fund
Record Date Regular Plan Direct Plan Monthly Dividend Option (Past 3 months)
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For Record Date Retail Option Retail Option - Direct Plan
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For
Sep 25, 17 11.8876 0.3000 0.2779 12.8166 0.3000 0.2779 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Mar 26, 18 11.3726 0.1000 0.0926 12.3307 0.1000 0.0926 Aug 27, 18 10.1938 0.0388 0.0359 10.2015 0.0425 0.0394
Sep 25, 18 11.2951 0.1000 0.0926 - - - Sep 24, 18 10.1537 0.0099 0.0091 10.1614 0.0136 0.0126
Oct 29, 18 10.2371 0.0555 0.0514 10.2198 0.0557 0.0516
Yearly (Dividend Option) (Past 3 years) Record Date Wholesale Option
Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 27, 18 10.2186 0.0422 0.0391
Mar 28, 16 13.0240 0.4000 0.3706 13.4221 0.4500 0.4169 Sep 24, 18 10.1785 0.0133 0.0123
Mar 27, 17 13.8526 0.8500 0.7875 14.3149 0.8500 0.7875 Oct 29, 18 10.2112 0.0513 0.0475
Mar 26, 18 13.0626 0.4000 0.3706 13.6262 0.4000 0.3706
HDFC Credit Risk Debt Fund
HDFC Medium Term Debt Fund Half-yearly Dividend Option (Past 2 years)
Normal Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan
Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
May 11, 17 - - - 10.6307 0.0150 0.0139 Mar 27, 17 10.9005 0.3051 0.2827 10.9506 0.3412 0.3161
May 25, 17 - - - 10.6651 0.0398 0.0369 Sep 25, 17 10.8965 0.3159 0.2927 10.9481 0.1390 0.1288
Jun 12, 17 - - - 10.6935 0.0603 0.0559 Mar 26, 18 10.6549 0.2889 0.2676 11.0050 0.4355 0.4035
Jul 10, 17 - - - 10.6603 0.0363 0.0337 Jun 25, 18 10.3049 0.0370 0.0343 10.4776 0.0763 0.0707
Sep 25, 18 10.3274 0.0533 0.0493 10.4663 0.0680 0.0630
HDFC Corporate Bond Fund HDFC Ultra Short Term Fund

Quarterly Dividend Option (Past 3 quarters) Monthly Dividend Option
Mar 26, 18 10.3036 0.0982 0.0910 10.2015 0.1000 0.0926
Oct 29, 18 10.0825 0.0234 0.0217 10.0859 0.0259 0.0239
Jun 25, 18 10.2326 0.0468 0.0433 10.1312 0.0489 0.0453
Sep 25, 18 10.2690 0.0731 0.0677 10.1666 0.0745 0.0690
^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid
regularly. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to www.hdfcfund.com for Record Date-wise listing of dividends
declared.

Disclaimer: The views expressed herein are based on internal data, publicly available information and other sources believed to be reliable, but involve uncertainties that could cause actual events to differ materially
from those expressed or implied in such statements. The document is given for general and information purpose and is neither an investment advice nor an offer to sell nor a solicitation. While due care has been
exercised while preparing this document, HDFC Asset Management Company Limited (“HDFC AMC”) does not warrant the completeness or accuracy of the information. Neither HDFC AMC, nor any person connected
with it, accepts any liability arising from the use of this material. The recipient of this material should rely on their investigations and take their own professional advice.
HDFC Sensex ETF, HDFC Index Fund - SENSEX Plan (“Schemes”) is based on the S&P BSE SENSEX Index. S&P® is a registered trademark of S&P Financial Services Limited (S&P). BSE® and SENSEX® are registered trademarks
of BSE Limited. The Schemes is not sponsored, endorsed marketed or promoted by S&P, BSE or their respective affiliates. Please refer to the Scheme Information Document for disclaimers w.r.t. S&P BSE SENSEX Index.
For HDFC Nifty 50 ETF & HDFC Index Fund - NIFTY 50 Plan: The Scheme of HDFC Mutual Fund (the “Product(s)”) are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”).
IISL does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s)
particularly or the ability of the NIFTY Indices to track general stock market performance in India. The relationship of IISL with HDFC Asset Management Company Limited (“the Issuer/Licensee”) is only in respect of
the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by IISL without regard to the Issuer /Licensee or the Product(s). IISL
does not have any obligation to take the needs of the Issuer/Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY Indices. IISL is not responsible for or has
participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. IISL
has no obligation or liability in connection with the administration, marketing or trading of the Product(s).
IISL is engaged in the business of developing, constructing, compiling, computing and maintaining various equity indices. The relationship of IISL to HDFC AMC is only in respect of the rights granted to use certain
trademarks and trade names of the Index in connection with the utilisation of the Index data relating to such Index. The Index is determined, composed and calculated by IISL without regard to HDFC AMC. IISL has
no obligation to take the needs of HDFC AMC into consideration in determining, composing or calculating the NIFTY Indices.
IISL do not guarantee the accuracy and/or the completeness of NIFTY Indices or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL make no warranty,
express or implied, as to results to be obtained by HDFC AMC or any other person or entity from the use of NIFTY Indices or any data included therein. IISL make no express or implied warranties, and expressly
disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all
liability for any damages or losses arising out of the use of NIFTY Indices or any data included therein by any third party, including any and all direct, special, punitive, indirect, or consequential damages (including
lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the dis-
claimer referred to in Clauses above and will be bound by it.
WANT TO HAVE THE LATEST INFORMATION ABOUT US?

Visit us at For any query or suggestions:-
www.hdfcfund.com Investors may contact us at:
cliser@hdfcfund.com
Telephone Services Distributors may contact us at:
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SMS: HDFCMF to 56767
Registered Office: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166 Backbay Reclamation, Churchgate, Mumbai - 400 020.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

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October 2018

Gift your child a bright future.

HDFC Children’s Gift Fund (An open-ended Riskometer

Modified Duration Portfolio Turnover Ratio

Standard Deviation Macaulay Duration (Duration)

HOW TO READ FACTSHEET

2 October 2018 Intouch mutually

In view of the above it would be more appropriate to describe INR movement as

Indian equity markets corrected by 5% in October amid concerns over global

-30.0 -25.0 -20.0 -15.0 -10.0 -5.0 0.0 Outlook

Hdfc Equity Fund................................................................................. 05 Hdfc Equity Savings Fund.................................................................... 29-30

Hdfc Top 100 Fund.............................................................................. 07 Hdfc Arbitrage Fund............................................................................ 33-34

Hdfc Mid-Cap Opportunities Fund....................................................... 08 HDFC Corporate Bond Fund.................................................................. 35

Hdfc Focused 30 Fund......................................................................... 11 Hdfc Gilt Fund..................................................................................... 39

Hdfc Infrastructure Fund...................................................................... 12 HDFC Dynamic Debt Fund..................................................................... 40

Hdfc Balanced Advantage Fund........................................................... 13-14 Hdfc Income Fund............................................................................... 41

Hdfc Multi-Asset Fund......................................................................... 17-18 Hdfc Short Term Debt Fund.................................................................. 43

Hdfc Nifty 50 Etf............................................................................... 19 Hdfc Low Duration Fund...................................................................... 44

Hdfc Index Fund - Nifty 50 Plan......................................................... 20 Hdfc Money Market Fund.................................................................... 45

Hdfc Sensex Etf................................................................................. 21 Hdfc Floating Rate Debt Fund.............................................................. 46

Hdfc Liquid Fund................................................................................. 48-49

Tax Savings Hdfc Overnight Fund........................................................................... 50

Performance details of schemes

Scheme performance summary - Direct Plans ....................................... 57-65

Hdfc Retirement Savings Fund - Hybrid Equity Plan............................. 27 Disclaimer ............................................................................................ 68

Hdfc Retirement Savings Fund - Hybrid Debt Plan................................ 28

Goal Based Solutions

4 October 2018 Intouch mutually

l investment objective Portfolio

This is a simple and performing scheme which is eligible for Portfolio

l investment objective Portfolio

l investment objective Portfolio

l investment objective Portfolio

l investment objective Portfolio

l to generate long-term capital appreciation/income

l investment objective Portfolio

l investment objective Portfolio

Industry Allocation of Equity Holding (% of Net Assets) Portfolio

SIP Performance^ - Regular Plan - Growth Option

l investment objective Portfolio

Industry Allocation of Equity Holding (% of Net Assets) Portfolio

SIP Performance^ - Regular Plan - Growth Option

l investment objective SIP Performance^ - Regular Plan - Growth Option

l investment objective Portfolio

This product is suitable for investors who are seeking ~

l investment objective Portfolio

l Minimum Application Amount SIP Performance^ - Regular Plan - Growth Option

l investment objective Portfolio

This product is suitable for investors who are seeking ~

l investment objective Portfolio

Performance^ - Regular Plan - Growth Option

l investment objective Portfolio

l investment objective Portfolio

Industry Allocation of Equity Holding (% of Net Assets) Portfolio

Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV

Software 8.21 Government Securities 8.20 GOI 2022 Sovereign 0.11

Ferrous Metals 0.87

Media & Entertainment 0.87

Non - Ferrous Metals 0.84

Telecom - Equipment And Accessories 0.72

SIP Performance^ - Regular Plan - Growth Option

l investment objective Portfolio

l investment objective Portfolio