FACTSHEET 31 May 2017

Transcription

1 FACTSHEET 31 May

2 Index Commentary - Equity Outlook 1 Commentary - Debt Outlook 3 IDFC Classic Equity Fund 4 IDFC Sterling Equity Fund 5 IDFC Premier Equity Fund 6 IDFC Focused Equity Fund 7 IDFC Equity Fund 8 IDFC Nifty Fund 9 IDFC Infrastructure Fund 10 IDFC Tax Advantage (ELSS) Fund 11 IDFC Arbitrage Fund 12 IDFC Arbitrage Plus Fund 13 IDFC Sensex Exchange Traded Fund 14 IDFC Nifty Exchange Traded Fund 15 IDFC Dynamic Equity Fund 16 IDFC Balanced Fund 17 IDFC Monthly Income Plan 18 IDFC Asset Allocation Fund of Fund 19 IDFC All Seasons Bond Fund 20 IDFC Cash Fund 21 IDFC Ultra Short Term Fund 22 IDFC Money Manager Fund Investment Plan 23 IDFC Money Manager Fund Treasury Plan 24 IDFC Banking Debt Fund 25 IDFC Super Saver Income Fund Short Term 26 IDFC Corporate Bond Fund 27 IDFC Credit Opportunities Fund 28 IDFC Super Saver Income Fund Medium Term 29 IDFC Super Saver Income Fund Investment Plan 30 IDFC Dynamic Bond Fund 31 IDFC Government Securities Fund Short Term Plan 32 IDFC Government Securities Fund Provident Fund Plan 32 IDFC Government Securities Fund Investment Plan 33 Performance Table 34 SIP Performance 37 Dividend History 40 Fund Manager Details 42 Investment Objective 43 2

3 Commentary - Equity Outlook Mr. Anoop Bhaskar - Head Equity Global Factors WHAT WENT BY Global stock market weakness due to drop in crude prices: Two diverging forces are currently at play in the oil market: the decline in excess inventories is accelerating just as concerns over a renewed surplus in 2018 are rising. The latter fears have prevailed recently, driving Brent oil prices back to below $50/bbl and only slightly above their year-to-date May lows. Political uncertainty with Elections in UK and France: Britain goes to election on the 8th of June and France on the 11th. With key European nations heading into elections, uncertainty is bound to increase. Going by recent form (the Brexit vote and US elections), most pre-poll surveys have got completely wrong. Global markets reaction to a surprise in these elections will be a thing to watch out for. Political uncertainty in the US with President Trump firing F.B.I. Director James Comey: President Trump fired the Director of the F.B.I., James B. Comey, abruptly terminating the top official leading a criminal investigation into whether Mr. Trump s advisers colluded with the Russian government to steer the outcome of the 2016 presidential election. This development in Mr. Trump s presidency raised the spectre of political interference by a sitting president into an existing investigation by the nation s leading law enforcement agency. It immediately ignited Democratic calls for a special counsel to lead the Russia inquiry, causing a wobble in markets worldwide. Global Economy seems to be firing, finally: Global economy appears to be in the middle of a synchronised global recovery. This is, in fact, the first time since 09 that all regions are participating. In 10-11, Eurozone was the headwind given Greek and Italian debt issues, and in 12-15, EMs disappointed, driven by China, Brazil and Russia. This time around, the Eurozone activity momentum is strong, as seen in latest PMIs and IFO prints, which are consistent with 3% real GDP growth. EMs are also encouraging, with favourable base effects, ex China. Chinese growth momentum is under pressure given the rollover in stimulus support, but even there, house prices, consumption and loan growth remain stable. President Trump and the Fed continue to be the focal points: After facing defeat in the efforts to repeal Obamacare, President Trump is expected to shift his focus to cutting Corporate Tax Rates in the US. US corporates are currently subject to 35% Federal tax rate, in addition to state taxes. President Trump plans to cut this tax rate to 15%, in effect boosting EPS and further supporting valuations. S&P 500 Index was up 1.4% in the month of May. The index is up 14% since 8th November 2016, the day of Trump s election victory. The US Fed is expected to continue raising interest rates through the year, though the frequency of these hikes may be limited to 2 as against earlier expectation of 3-4 hikes in CY 17. After strengthening for last couple of years, weakness in dollar: After the strength seen in the Dollar for the last couple of years due to the prospects of Fed raising interest rates, dollar has continued to depreciate after hitting a high in December. A key factor in Dollar weakness is the resurgence in Euro after positive electoral results in France and receding fears of nationalist/centrist parties gaining ground across key countries. In May, the Dollar Index depreciated 2.2%. Weak dollar was good news for emerging markets, resulting in increased FII flows. Any reversal in this trend will be negative for emerging markets including India. Domestic Factors: Indian markets continued the upswing in May: Markets traded in May with a positive bias buoyed by strong global cues, predictions of a normal monsoon, strong macro-data and a good corporate results season. Fixing GST rates also added to investor enthusiasm as the uncertainty over rates and roll-out dates are over. The BSE-30 Index and Nifty-50 Index were up 4.1% and 3.4% in May while BSE Midcap and BSE Small cap indices lost more than 1% and 2% respectively. ICICI Bank (+17%), Hindustan Unilever (+14%) and Hero Motocorp (+13%) were the top gainers in the BSE-30 Index and among sector indices, FMCG (+7%), IT (+6%) and Auto (+6%) made the largest gains. GST rates have been frozen; focus on execution now: With the GST council having decided on rates on most sectors and items, the uncertainty around GST rates seems to be over now. Now the focus will move towards effective implementation of GST. With GST rates for most of the industries, close to their existing tax rates, the gains from lower GST rates seem to be limited; only effective GST implementation over the next couple of years will aid the unorganized to organized shift. RBI expectedly stays on hold: RBI Policy leaves repo rate unchanged but cuts SLR by 50bps for effective transition to LCR (Liquidity Coverage Ratio) requirement of 100% by Jan 19. The RBI lowered its growth (FY18 GVA projection lowered to 7.3% from 7.4%) and inflation (2-3.5% for 1HFY18 vs 4.5% earlier and % for 2H vs 5% earlier) forecasts. Despite this, Monetary Policy Committee (MPC) decided to leave rate unchanged because a premature action at this stage risks disruptive policy reversals later and the loss of credibility. RBI maintained its Neutral policy stance. However 10yr GSec rallied 7.5bps as it considered the policy more dovish than expected. Met forecasted a normal monsoon despite expecting El Nino: Indian Metrological Department (IMD) forecasts a normal South-West monsoon season (June-September) in its first seasonal forecast. In its initial forecast, the IMD projected rainfall 1

4 of 96% of the Long Period Average (LPA) with a probability of 38%. Normal monsoon is defined as % of the LPA. Note some private sector forecasters have earlier pointed to the possibility of an El Nino effect. Consequently, the IMD has upgraded its forecast to 98% of the LPA. Markets seem have taken this news positively as the distribution and timing of rainfall is also expected to be good. MFs remain buyers; FIIs turn buyers: FIIs were net buyers to the tune of US$662mn of Indian equities in May, after selling $171mn in April and sizeable inflows of US$5.1bn in March. DIIs continued to be net buyers at US$1.4bn in May led by mutual funds. DIIs were also net buyers to the tune of $1.2bn in April. MFs continue to witness strong inflows especially from retail investors. Economic data points remain patchy: On the economy front, new IIP series recorded a higher-than-expected growth of 2.7% in March compared to 1.9% in February. CPI inflation slipped to a record low of 2.99% in April compared to 3.89% in March. Newly released WPI inflation numbers slipped to 3.9% in April from 5.3% in March. 4QFY17 GDP growth was 6.1% against 7% in 3QFY17. GOING FORWARD Q4 Earnings stronger than expected, cyclicals contribute to growth: BSE200 Index posted an earnings growth of 15.3% on an absolute basis in Q4 FY 17 taking the FY 17 growth to 9%. BSE200 earnings adjusted for free float grew 24% for the quarter (also due to changes in the underlying stocks) and 12% for FY 17. Bulk of this earnings growth was driven by turn around in previously loss making sectors like Commodities, Energy and Corporate banks. On an absolute basis, BSE200 earnings grew by Rs139bn in Q4 FY 17 of this corporate banks accounted for Rs76bn, Commodities accounted for Rs58bn and Energy accounted for Rs40bn. Ex Financials and Commodities, BSE200 earnings were flat in Q4FY17 on a YoY basis. Earnings Recovery expected from cyclical plays: Over the month, consensus earnings estimates for the market were revised flat for FY18E. The Street now estimates earnings growth of 19% for FY18 (E) for the Nifty. Estimated FY 18 EPS of 509 has remained flat over the course of the current earnings season, indicating most companies have been able to meet/exceed expectations. To sum up, investor flows into Domestic MFs remain robust as the attractiveness of alternate asset classes remains subdued. With green shoots of domestic growth visible, along with favourable global macro, elevated valuations could potentially sustain. GST implementation remains a keenly tracked event going forward with a potential multiplier impact on the economy over the medium to long term. Equity Markets Index % Change YTD % Change MTD P/E Nifty 9, % 3.41% Sensex 31, % 4.10% Dow Jones 21, % 0.33% Shanghai 3, % -1.19% Nikkei 19, % 2.36% Hang Sang 25, % 4.25% FTSE 7, % 4.39% MSCI E.M. (USD) 1, % 2.80% MSCI D.M.(USD) 1, % 1.78% MSCI India (INR) 1, % 1.99% Currency & Commodities Last Price % Change YTD % Change MTD USD / INR % 0.41% Dollar Index % -2.15% Gold 1, % 0.05% Crude OIL WTI (Nymex) % % Brent Crude % % India Macro Analysis Latest Equity Flows USD Mn GDP 6.10 FII (USD mln) IIP 2.70 YTD 7,828 Inflation (WPI Monthly) 3.85 MTD 1,542 Inflation (CPI Monthly) 2.99 *DII (USD mln) Commodity (CRB Index) YTD 5,001 MTD 1,549 Source: Bloomberg, SEBI 2

5 Commentary - Debt Outlook Mr. Suyash Choudhary - Head Debt WHAT WENT BY Both CPI and WPI readings witnessed a decline in April 17 owing to substantial fall in food inflation led by vegetables and pulses. Headline CPI inflation declined to 2.99% in April from 3.89% in the earlier month while WPI inflation, under the new series with a base year, also dropped sharply to 3.85% in April 17 from 5.29% in Mar 17. Contrary to market expectations, the revision in past GDP series (because of the base year change for IIP and WPI) was minimal. However, Gross Value Added (GVA) growth dropped sharply in the fourth quarter of FY17 to 5.6% compared to 6.7% in the previous quarter. The sharp slowdown in Q4 growth offset the upward revision to previous quarters leading to FY17 GDP growth being unchanged at 7.1%. Private consumption growth moderated to 7.3% y-o-y n Q4 from 11.1% in Q3 while fixed investment contracted for the first time in three years. Strong FPI inflows, lower-than-anticipated inflation at sub-3%, better-than-expected monsoon forecast, announcement of new ten-year benchmark bond, helped bond yields. The new 10-year benchmark bond, 6.79% G Sec 2027, ended the month at 6.66% 13bps lower than its issuance yield of 6.79%. The old 10-year benchmark bond, 6.97% G Sec 2026, ended the month at 6.79% compared to 6.96% at previous month s closing. In one of the most awaited and India s biggest tax reforms, the rates under Goods & Service Tax (GST) have been finalized and are expected to be implemented from July 1, The GST rates are not expected to be inflationary largely as the tax rates are closer to the current tax rate. Most of the items have been placed under a four-slab tax structure, with gold, silver and diamonds being placed under a new 3% tax slab. GOING FORWARD Current inflation readings, while could lower the averages for the current year, are not providing as much information about future inflation as there is considerable noise in the current readings - the tepid actual realization by farmers below MSP in many cases might prompt a shift away in cropping, rural wages and MSP seem to be on a steady uptrend, government measures like housing for all may shrink labor pools available for agriculture overtime and may steadily set wage floors higher. While there seemed to be some nascent expectations building for a rate cut later in the year post policy, in our view, however, the bar for a rate change (either cut or hike) by the RBI is substantially high. Thus it is probably prudent to fade excess bullishness in this environment, just as one was happy to also not accept extreme bearishness post the last policy minutes. For investors, it is important to fade the noise with respect to potential rate changes from RBI (cut or hike) and focus on a fundamental underlying point: that the yield curve today is steep enough to provide lucrative carry and hence offers adequate protection against any sort of a moderate rate hike cycle that one may potentially encounter down the road. Thus there is more than 75 bps spread between overnight and 3 year AAA rates. This carry buffer provides, in our view, adequate protection against any modest rate hikes that the RBI may potentially contemplate later on in the cycle. Conversely, the prospects for any sort of meaningful rate cuts are also quite low, and may not be worth chasing for investors. 3

6 IDFC Classic Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Classic Equity fund invests in both large cap and mid cap companies. The focus of the fund is to build a portfolio of Quality companies while being cognizant of the relative valuation. Nature: Equity Monthly Avg AUM: `1, Crores Month end AUM: ` 1, Crores Date: 9 August 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Beta 1.03 R Square 0.91 Standard Deviation (Annualized) 14.30% Sharpe* 0.75 Portfolio Turnover Equity 0.33 Aggregate^ 1.68 Regular 2.25% Direct 0.96% Benchmark: S&P BSE 200 SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1% if redeemed within 365 days from the date of allotment. (w.e.f. 10th May 2016) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments across market capitalisation. *Investors should consult their financial advisers if in doubt about whether the product is suitable Monthly SIP of ` 10,000 in IDFC Classic Equity Fund - Regular Plan - Growth Banks 22.05% Petroleum Products 7.88% Consumer Non Durables 7.09% Finance 6.08% Software 5.56% Auto 5.46% Auto Ancillaries 5.22% Cement 4.23% Construction Project 3.98% Pharmaceuticals 3.65% Power 3.57% Retailing 2.95% Industrial Capital Goods 2.87% % of NAV CBLO 16.80% Clearing Corporation of india 16.80% Equity 82.22% Banks 17.46% HDFC Bank 4.86% IndusInd Bank 2.30% Axis Bank 1.83% State Bank of India 1.69% ICICI Bank 1.46% RBL Bank 1.32% Kotak Mahindra Bank 1.02% The Federal Bank 0.97% Punjab National Bank 0.80% Bank of Baroda 0.65% The Karnataka Bank 0.57% Petroleum Products 7.88% Reliance Industries 3.36% Indian Oil Corporation 1.83% Bharat Petroleum Corporation 1.18% Hindustan Petroleum Corporation 0.89% Castrol India 0.62% Consumer Non Durables 6.25% ITC 4.76% DCM Shriram 0.81% Tata Coffee 0.67% Finance 6.08% Max Financial Services 1.31% ICICI Prudential Life Insurance Company 1.31% SREI Infrastructure Finance 1.08% M&M Financial Services 0.91% Credit Analysis and Research 0.76% Magma Fincorp 0.72% Software 5.10% Infosys 1.81% HCL Technologies 1.24% Mastek 1.01% Wipro 0.71% Persistent Systems 0.32% Auto Ancillaries 4.51% Minda Industries 1.51% Apollo Tyres 1.22% Exide Industries 0.92% MRF 0.87% Cement 4.23% Ambuja Cements 1.25% Deccan Cements 1.00% UltraTech Cement 0.78% Sagar Cements 0.65% The Ramco Cements 0.55% Auto 3.93% Hero MotoCorp 1.91% Bajaj Auto 1.04% Mahindra & Mahindra 0.98% Pharmaceuticals 3.65% Indoco Remedies 1.33% Cadila HealthLimited 0.93% Lupin 0.77% Sun Pharmaceutical Industries 0.62% Power 3.57% Power Grid Corporation of India 1.38% Nava Bharat Ventures 1.31% INDUSTRY ALLOCATION % of NAV NTPC 0.88% Retailing 2.95% Future Retail 1.76% Future Lifestyle Fashions 1.19% Industrial Capital Goods 2.87% Bharat Electronics 1.66% Skipper 0.82% CG Power and Industrial Solutions 0.39% Gas 2.70% GAIL (India) 1.79% Petronet LNG 0.91% Hotels, Resorts And Other Recreational Activities 1.67% The Indian Hotels Company 1.19% Taj GVK Hotels & Resorts 0.48% Industrial Products 1.36% Bharat Forge 1.36% Construction Project 1.32% Larsen & Toubro 1.32% Consumer Durables 1.29% Sheela Foam 0.74% Crompton Greaves Consumer Electricals 0.55% Non - Ferrous Metals 1.26% Hindalco Industries 1.26% Fertilisers 1.08% Coromandel International 1.08% Chemicals 1.00% Deepak Nitrite 1.00% Oil 0.94% Oil & Natural Gas Corporation 0.94% Ferrous Metals 0.55% Jindal Steel & Power 0.55% Textile Products 0.44% Dollar Industries 0.44% Construction 0.13% PSP Projects 0.13% Preference Shares 0.02% Media & Entertainment 0.02% Zee Entertainment Enterprises 0.02% Net Current Asset 0.95% Equity Futures 11.88% Banks 4.59% ICICI Bank 1.96% HDFC Bank 1.70% Axis Bank 0.93% Construction Project 2.66% Larsen & Toubro 2.66% Auto 1.53% Tata Motors 1.06% Hero MotoCorp 0.48% Consumer Non Durables 0.84% ITC 0.84% Auto Ancillaries 0.71% Apollo Tyres 0.71% Industrial Products 0.63% Bharat Forge 0.63% Software 0.46% HCL Technologies 0.46% Media & Entertainment 0.45% Dish TV India 0.45% Top 10 Equity Holdings 7 Years 10 Years Aug 09, 2005 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,20,000 Total Value as on May 31, 2017 (`) 1,38,970 4,69,555 9,33,227 14,33,747 23,16,396 30,11,279 Fund Returns (%) Total Value of S&P BSE 200 1,34,261 4,32,165 8,58,676 13,06,459 21,68,447 28,59,284 S&P BSE 200 Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 20,53,774 27,19,073 Nifty 50 Index Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Gas 2.70% Industrial Products 2.00% Hotels, Resorts And Other Recreational Activities 1.67% Consumer Durables 1.29% Non - Ferrous Metals 1.26% Fertilisers 1.08% Chemicals 1.00% Oil 0.94% Ferrous Metals 0.55% Media & Entertainment 0.47% Textile Products 0.44% Construction 0.13% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Aug 09, 2005 Aug 09, Year 3 Years 5 Years Jan 01, 2013 Jan 01, 2013 IDFC Classic Equity Fund 30.37% 17.03% 18.60% 12.75% 13,037 16,041 23,480 41, % 18.75% NA 15.74% 13,253 16,761 NA 19,061 S&P BSE 200 # 20.99% 12.15% 15.76% 12.95% 12,099 14,115 20,795 42, % 12.15% NA 12.82% 12,099 14,115 NA 17,028 Nifty 50 ## 17.91% 9.97% 14.33% 12.80% 11,791 13,307 19,539 41, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 4

7 IDFC Sterling Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Sterling Equity Fund is a mid cap fund that focuses on active stock selection strategy. Nature: Equity Monthly Avg AUM: ` 1, Crores Month end AUM: ` 1, Crores Date: 7 March 2008 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Beta 1.03 R Square 0.83 Standard Deviation (Annualized) 17.07% Sharpe* 0.88 Portfolio Turnover Equity 0.34 Aggregate^ 0.38 Regular 2.16% Direct 1.37% Benchmark: Nifty Free Float Midcap 100 SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed on or before 365 days from the date of allotment. (w.e.f. 7th September, 2015) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Performance Table will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments in the mid cap segment. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 10.43% Construction Project 10.07% Auto Ancillaries 9.57% Retailing 8.89% Finance 7.15% Cement 7.12% Industrial Capital Goods 5.72% Media & Entertainment 3.88% Consumer Non Durables 3.54% Pharmaceuticals 3.19% Software 3.17% Consumer Durables 3.02% Regular Plan - Growth INDUSTRY ALLOCATION % of NAV Pharmaceuticals 3.19% Hikal 1.32% Aurobindo Pharma 1.29% Indoco Remedies 0.57% Software 3.17% Cyient 1.28% Persistent Systems 1.18% Tech Mahindra 0.71% Consumer Durables 3.02% Crompton Greaves Consumer Electricals 1.91% Greenply Industries 0.94% HPL Electric & Power 0.17% Industrial Products 2.79% KEI Industries 1.80% Bharat Forge 0.99% Transportation 2.62% VRL Logistics 2.62% Petroleum Products 2.61% Hindustan Petroleum Corporation 1.75% Castrol India 0.86% Hotels, Resorts And Other Recreational Activities 2.39% Wonderla Holidays 1.35% The Indian Hotels Company 1.04% Power 2.12% Nava Bharat Ventures 1.12% CESC 1.00% Gas 1.98% Petronet LNG 1.24% Gujarat Gas 0.75% Textile Products 1.78% K.P.R. Mill 1.35% Dollar Industries 0.43% Chemicals 1.70% Deepak Nitrite 1.24% Gujarat Alkalies and Chemicals 0.46% Miscellaneous 1.00% Dishman Carbogen Amcis 1.00% Fertilisers 0.92% Gujarat State Fertilizers & Chemicals 0.92% Ferrous Metals 0.85% Jindal Steel & Power 0.85% Oil 0.32% Oil India 0.32% Net Current Asset 0.68% Equity Futures -0.56% Banks -0.56% RBL Bank 0.90% Bank of Baroda -0.59% Union Bank of India -0.87% Top 10 Equity Holdings Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 1 Year 3 Years 5 Years Mar 07, 2008 Monthly SIP of ` 10,000 in IDFC Sterling Equity Fund - Regular Plan - Growth Mar 07, 2008 % of NAV CBLO 1.92% Clearing Corporation of India 1.92% Equity 97.40% Banks 10.99% IndusInd Bank 10.99% Union Bank of India 1.75% The Karnataka Bank 1.31% Bank of Baroda 1.21% RBL Bank 0.95% Lakshmi Vilas Bank 0.87% Punjab National Bank 0.85% Construction Project 10.07% KEC International 3.47% Engineers India 2.77% Voltas 2.10% NCC 1.73% Auto Ancillaries 9.57% Minda Industries 2.91% Exide Industries 1.86% Igarashi Motors India 1.56% WABCO India 1.16% Asahi India Glass 1.12% MRF 0.97% Retailing 8.89% Future Retail 5.78% V-Mart Retail 1.88% Aditya Birla Fashion and Retail 1.23% Finance 7.15% Bajaj Finance 3.49% Max Financial Services 1.06% Magma Fincorp 0.97% Equitas Holdings 0.93% M&M Financial Services 0.69% Cement 7.12% The Ramco Cements 5.03% JK Lakshmi Cement 1.55% Sagar Cements 0.54% Industrial Capital Goods 5.72% Lakshmi Machine Works 1.53% TD Power Systems 1.21% Skipper 1.12% CG Power and Industrial Solutions 0.99% Bharat Electronics 0.88% Media & Entertainment 3.88% PVR 1.53% Zee Entertainment Enterprises 1.34% Entertainment Network (India) 1.01% Consumer Non Durables 3.54% HBL Power Systems 1.75% Procter & Gamble Hygiene and Health 1.31% Linc Pen & Plastics 0.48% 1 Year 7 Years 3 Years 5 Years Jan 01, 2013 Mar 07, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 11,10,000 Total Value as on May 31, 2017 (`) 1,44,901 4,83,923 10,42,950 16,77,434 29,52,774 Fund Returns (%) Total Value of Nifty Free Float Midcap 100 1,36,395 4,73,294 10,23,179 15,59,555 24,63,692 Nifty Free Float Midcap 100 Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 18,80,301 Nifty 50 Index Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Industrial Products 2.79% Transportation 2.62% Petroleum Products 2.61% Hotels, Resorts And Other Recreational Activities 2.39% Power 2.12% Gas 1.98% Textile Products 1.78% Chemicals 1.70% Miscellaneous 1.00% Fertilisers 0.92% Ferrous Metals 0.85% Oil 0.32% Jan 01, 2013 IDFC Sterling Equity Fund 39.08% 21.32% 21.57% 18.37% 13,908 17,874 26,571 47, % 22.33% NA 20.17% 14,035 18,326 NA 22,502 Nifty Free Float Midcap 31.73% 19.93% 20.47% 11.32% 13,173 17,266 25,383 26, % 19.93% NA 17.47% 13,173 17,266 NA 20, # Nifty 50 ## 17.91% 9.97% 14.33% 7.89% 11,791 13,307 19,539 20, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 5

8 IDFC Premier Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Premier Equity Fund is a Diversified Equity Fund. It encourages systematic investing by being a predominantly SIP/STP fund. Nature: Equity Monthly Avg AUM: ` 5, Crores Month end AUM: ` 5, Crores Date: 28 September 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Beta 0.96 R Square 0.78 Standard Deviation (Annualized) 14.72% Sharpe* 0.81 Portfolio Turnover Equity 0.21 Aggregate^ 0.36 Regular 2.00% Direct 1.31% Benchmark: S&P BSE 500 SIP (Minimum Amount): ` 2,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 10,000/- and any (During the period when the fund is open for lump sum subscription) Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September, 2009) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Monthly SIP of ` 10,000 in IDFC Premier Equity Fund -Regular Plan - Growth % of NAV CBLO 1.93% Clearing Corporation of India 1.93% Equity 93.07% Finance 12.93% JM Financial 3.61% ICICI Prudential Life Insurance Company 2.49% Multi Commodity Exchange of India 1.91% Bharat Financial Inclusion 1.86% Max Financial Services 1.47% Shriram City Union Finance 0.90% CRISIL Limited 0.69% Consumer Non Durables 10.33% Asian Paints 3.12% Balrampur Chini Mills 2.44% Procter & Gamble Hygiene and Health 1.77% Britannia Industries 1.28% Mcleod Russel India 1.20% S H Kelkar and Company 0.53% Transportation 8.12% Container Corporation of India 3.32% Blue Dart Express 2.70% TCI Express 1.11% Transport Corporation of India 1.00% Banks 7.18% HDFC Bank 3.05% Kotak Mahindra Bank 2.29% City Union Bank 1.05% RBL Bank 0.80% Industrial Products 7.14% FAG Bearings India 2.88% Greaves Cotton 2.85% Kirloskar Pneumatic Co. 0.74% Ingersoll Rand (India) 0.67% Auto 5.35% Maruti Suzuki India 3.30% Ashok Leyland 2.05% Pharmaceuticals 5.14% Natco Pharma 1.58% Sun Pharmaceutical Industries 1.52% Suven Life Sciences 1.35% Aurobindo Pharma 0.70% Chemicals 4.14% Tata Chemicals 2.48% Pidilite Industries 0.99% Atul 0.67% Construction Project 3.91% Voltas 3.46% Power Mech Projects 0.45% % of NAV Engineering Services 3.32% VA Tech Wabag 3.32% Ferrous Metals 3.24% APL Apollo Tubes 3.24% Gas 3.09% Gujarat State Petronet 3.09% Commercial Services 2.46% 3M India 2.46% Cement 2.29% Ambuja Cements 2.29% Auto Ancillaries 2.23% MRF 0.78% Minda Industries 0.74% Precision Camshafts 0.72% Textile Products 2.19% Page Industries 2.19% Textiles - Cotton 2.17% RSWM 1.10% Vardhman Textiles 1.07% Industrial Capital Goods 2.04% Bharat Electronics 0.98% Disa India 0.65% Kennametal India 0.41% Media & Entertainment 1.62% Entertainment Network (India) 1.04% Dish TV India 0.58% Consumer Durables 1.44% Bata India 1.44% Construction 1.39% Poddar Housing and Development 0.73% ITD Cementation India 0.66% Petroleum Products 1.35% Castrol India 1.35% International Equities 2.84% IT Consulting & Other Services 2.84% Cognizant Technology Solutions Corp 2.84% Preference Shares 0.14% Media & Entertainment 0.14% Zee Entertainment Enterprises 0.14% Net Current Asset 2.02% Equity Futures 0.42% Industrial Capital Goods 0.22% Bharat Electronics 0.22% Banks 0.20% RBL Bank 0.20% Top 10 Equity Holdings 7 Years 10 Years Sep 28, 2005 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,10,000 Total Value as on May 31, 2017 (`) 1,32,111 4,35,780 9,74,191 16,09,955 32,33,684 48,16,477 Fund Returns (%) Total Value of S&P BSE 500 1,35,102 4,36,846 8,72,327 13,23,848 21,92,152 28,33,036 S&P BSE 500 Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 20,53,774 26,74,420 Nifty 50 Index Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, INDUSTRY ALLOCATION will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments across market capitalisation. *Investors should consult their financial advisers if in doubt about whether the product is suitable Finance 12.93% Consumer Non Durables 10.33% Transportation 8.12% Banks 7.39% Industrial Products 7.14% Auto 5.35% Pharmaceuticals 5.14% Chemicals 4.14% Construction Project 3.91% Engineering Services 3.32% Ferrous Metals 3.24% Gas 3.09% IT Consulting & Other Services 2.84% Commercial Services 2.46% Cement 2.29% Industrial Capital Goods 2.25% Auto Ancillaries 2.23% Textile Products 2.19% Textiles - Cotton 2.17% Media & Entertainment 1.62% Consumer Durables 1.44% Construction 1.39% Petroleum Products 1.35% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Sep 28, 2005 Sep 28, 2005 Jan 01, 2013 IDFC Premier Equity Fund 17.67% 18.23% 21.23% 20.11% 11,767 16,543 26,204 84, % 19.12% NA 19.17% 11,859 16,920 NA 21,687 S&P BSE 500 # 22.65% 12.74% 16.01% 11.97% 12,265 14,338 21,018 37, % 12.74% NA 13.15% 12,265 14,338 NA 17,252 Nifty 50 ## 17.91% 9.97% 14.33% 11.86% 11,791 13,307 19,539 37, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. Jan 01,

9 IDFC Focused Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Focused Equity Fund is a concentrated portfolio of up to 30 stocks with the flexibility to invest across sectors and across market cap. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 16 March 2006 Fund Manager: Mr. Sumit Agrawal (w.e.f. 20th October 2016) Beta 1.00 R Square 0.92 Standard Deviation (Annualized) 13.87% Sharpe* 0.45 Portfolio Turnover Equity 1.82 Aggregate^ 2.32 Regular 2.65% Direct 1.88% Benchmark: Nifty 50 SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Monthly SIP of ` 10,000 in IDFC Focused Equity Fund - Regular Plan - Growth Banks 19.47% Finance 13.90% Auto 10.83% Miscellaneous 7.05% Software 6.69% Industrial Capital Goods 6.51% Retailing 5.11% Gas 4.59% % of NAV CBLO 2.73% Clearing Corporation of India 2.73% Equity 95.12% Banks 19.47% Kotak Mahindra Bank 5.11% RBL Bank 4.85% IndusInd Bank 4.61% The South Indian Bank 3.07% Lakshmi Vilas Bank 1.83% Finance 13.90% Bajaj Finance 4.96% PNB Housing Finance 4.78% Rane Holdings 2.14% SREI Infrastructure Finance 2.02% Auto 10.83% Maruti Suzuki India 6.40% Eicher Motors 4.43% Miscellaneous 7.05% Dishman Carbogen Amcis 5.52% Amulya Leasing And Finance 1.52% Software 6.69% Infosys 6.69% Industrial Capital Goods 6.51% Bharat Electronics 5.11% Skipper 1.40% INDUSTRY ALLOCATION % of NAV Retailing 5.11% Avenue Supermarts 5.11% Gas 4.59% Petronet LNG 4.59% Consumer Durables 4.58% Titan Company 4.58% Construction 3.49% Kajaria Ceramics 3.49% Auto Ancillaries 3.32% Minda Industries 3.32% Cement 3.18% Sagar Cements 3.18% Textile Products 2.65% Dollar Industries 2.65% Hotels, Resorts And Other Recreational Activities 2.13% The Indian Hotels Company 2.13% Industrial Products 1.61% Timken India 1.61% International Equities 2.84% IT Consulting & Other Services 2.84% Cognizant Technology Solutions Corp 2.84% Net Current Asset -0.69% Top 10 Equity Holdings 7 Years 10 Years Mar 16, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,50,000 Total Value as on May 31, 2017 (`) 1,42,936 4,49,526 8,65,760 12,90,977 21,35,656 25,91,783 Fund Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 20,53,774 24,58,291 Nifty 50 Index Returns (%) Total Value of S&P BSE SENSEX 1,33,486 4,13,970 7,99,960 12,15,309 20,01,033 23,84,091 S&P BSE SENSEX Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Consumer Durables 4.58% Construction 3.49% Auto Ancillaries 3.32% Cement 3.18% IT Consulting & Other Services 2.84% Textile Products 2.65% Hotels, Resorts And Other Recreational Activities 2.13% Industrial Products 1.61% will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments in the large cap segment. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Mar 16, 2006 Mar 16, 2006 Jan 01, 2013 Jan 01, 2013 IDFC Focused Equity Fund 29.22% 12.49% 14.61% 11.32% 12,922 14,244 19,778 33, % 14.05% NA 13.53% 13,114 14,847 NA 17,506 Nifty 50 # 17.91% 9.97% 14.33% 10.23% 11,791 13,307 19,539 29, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 S&P BSE Sensex ## 16.79% 8.73% 13.93% 9.83% 11,679 12,861 19,204 28, % 8.73% NA 11.09% 11,679 12,861 NA 15,906 The fund is being managed by Mr. Sumit Agrawal (w.e.f. 20th October 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 7

10 IDFC Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Equity Fund focuses on investing predominantly in Large Cap stocks. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 June 2006 Fund Manager: Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017) Beta 0.97 R Square 0.98 Standard Deviation (Annualized) 13.07% Sharpe* 0.29 Portfolio Turnover Equity 0.73 Aggregate^ 0.81 Regular 2.54% Direct 1.73% Benchmark: S&P BSE 100 (w.e.f. April 18, 2017) SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Monthly SIP of ` 10,000 in IDFC Equity Fund - Regular Plan - Growth % of NAV CBLO 3.52% Clearing Corporation of India 3.52% Equity 92.45% Banks 21.63% HDFC Bank 7.30% ICICI Bank 4.69% Kotak Mahindra Bank 2.34% State Bank of India 2.33% RBL Bank 2.00% IndusInd Bank 1.90% Lakshmi Vilas Bank 1.06% Consumer Non Durables 9.19% ITC 4.72% Hindustan Unilever 1.78% Marico 1.19% Tata Coffee 0.98% Britannia Industries 0.53% Finance 8.30% HDFC 2.85% ICICI Prudential Life Insurance Company 1.20% GIC Housing Finance 1.10% Magma Fincorp 1.08% PNB Housing Finance 1.05% Bajaj Finance 1.00% Petroleum Products 7.65% Reliance Industries 3.65% Castrol India 1.77% Bharat Petroleum Corporation 1.12% Indian Oil Corporation 1.10% Auto 7.57% Maruti Suzuki India 3.41% Mahindra & Mahindra 2.14% Hero MotoCorp 1.98% Tata Motors 0.04% Software 5.84% Infosys 2.96% HCL Technologies 1.11% NIIT Technologies 1.07% Tech Mahindra 0.71% Cement 5.20% UltraTech Cement 1.70% % of NAV Ambuja Cements 1.28% Shree Cements 1.23% Deccan Cements 1.00% Construction Project 4.26% Larsen & Toubro 4.26% Power 3.40% Power Grid Corporation of India 2.36% Nava Bharat Ventures 1.04% Pharmaceuticals 3.08% Aurobindo Pharma 1.09% Indoco Remedies 0.76% Cadila HealthLimited 0.61% Alkem Laboratories 0.58% Sun Pharmaceutical Industries 0.04% Consumer Durables 2.82% Titan Company 1.44% Mirza International 1.39% Gas 2.46% Petronet LNG 1.30% GAIL (India) 1.16% Retailing 2.37% Avenue Supermarts 2.37% Auto Ancillaries 2.21% Exide Industries 1.22% MRF 0.99% Textile Products 1.29% Dollar Industries 1.29% Construction 1.10% PSP Projects 1.10% Oil 1.10% Oil & Natural Gas Corporation 1.10% Ferrous Metals 1.03% Tata Steel 1.03% Transportation 1.01% VRL Logistics 1.01% Industrial Capital Goods 0.94% Bharat Electronics 0.94% Net Current Asset 4.03% Top 10 Equity Holdings 7 Years 10 Years Jun 09, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,20,000 Total Value as on May 31, 2017 (`) 1,33,412 4,21,521 8,15,923 12,49,711 20,68,211 23,73,764 Fund Returns (%) Total Value of S&P BSE 100 Index 1,34,069 4,25,990 8,34,731 12,69,791 20,98,561 24,25,887 S&P BSE 100 Index Returns (%) Total Value of Nifty 50 1,33,628 4,20,389 8,16,810 12,43,573 20,53,379 23,74,075 Nifty 50 Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, INDUSTRY ALLOCATION will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 21.63% Consumer Non Durables 9.19% Finance 8.30% Petroleum Products 7.65% Auto 7.57% Software 5.84% Cement 5.20% Construction Project 4.26% Power 3.40% Pharmaceuticals 3.08% Consumer Durables 2.82% Gas 2.46% Retailing 2.37% Auto Ancillaries 2.21% Textile Products 1.29% Construction 1.10% Oil 1.10% Ferrous Metals 1.03% Transportation 1.01% Industrial Capital Goods 0.94% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Jun 09, 2006 Jun 09, 2006 Jan 01, 2013 Jan 01, 2013 IDFC Equity Fund 19.78% 10.05% 14.44% 9.82% 11,978 13,335 19,639 27, % 11.60% NA 12.89% 12,159 13,907 NA 17,077 S&P BSE 100 # 19.96% 10.55% 14.96% 11.86% 11,996 13,517 20,090 34, % 10.55% NA 11.96% 11,996 13,517 NA 16,468 Nifty 50 ## 17.91% 9.97% 14.33% 11.66% 11,791 13,307 19,539 33, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 The fund is being managed by Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 8

11 IDFC Nifty Fund An Open Ended Index Linked Equity Scheme Style Growth Blend Value About the Fund: IDFC Nifty Fund is an index fund which is managed passively by investing in proportion to the Nifty 50. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 30 April 2010 Fund Manager: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Beta 1.01 R Square 1.00 Standard Deviation (Annualized) 13.35% Sharpe* 0.34 Portfolio Turnover Equity 0.35 Aggregate^ 0.56 Tracking Error (Annualized) 0.65% Regular 0.25% Direct 0.15% Benchmark: Nifty 50 SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: All subscriptions Including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged. (w.e.f. 07th November, 2011) Size Large Cap Mid Cap Small Cap Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Rating % of NAV CBLO 1.76% Clearing Corporation of India 1.76% Equity 98.01% Banks 26.02% HDFC Bank 8.98% ICICI Bank 5.15% Kotak Mahindra Bank 3.17% State Bank of India 2.47% Axis Bank 2.37% IndusInd Bank 2.02% Yes Bank 1.42% Bank of Baroda 0.45% Software 11.86% Infosys 5.29% Tata Consultancy Services 3.67% HCL Technologies 1.33% Wipro 0.92% Tech Mahindra 0.66% Consumer Non Durables 10.65% ITC 7.18% Hindustan Unilever 2.06% Asian Paints 1.40% Auto 10.58% Tata Motors 2.81% Maruti Suzuki India 2.59% Mahindra & Mahindra 1.79% Hero MotoCorp 1.31% Bajaj Auto 1.05% Eicher Motors 1.02% Petroleum Products 8.25% Reliance Industries 6.02% Indian Oil Corporation 1.19% Bharat Petroleum Corporation 1.05% Finance 7.76% HDFC 6.75% Indiabulls Housing Finance 1.01% Pharmaceuticals 4.22% Sun Pharmaceutical Industries 1.50% Dr. Reddy's Laboratories 0.83% Lupin 0.75% Cipla 0.71% Monthly SIP of ` 10,000 in IDFC Nifty - Regular Plan - Growth Rating % of NAV Aurobindo Pharma 0.44% Construction Project 3.91% Larsen & Toubro 3.91% Power 2.71% Power Grid Corporation of India 1.24% NTPC 1.07% Tata Power Company 0.40% Cement 2.04% UltraTech Cement 1.18% Ambuja Cements 0.48% ACC 0.37% Non - Ferrous Metals 1.99% Vedanta 1.20% Hindalco Industries 0.79% Oil 1.35% Oil & Natural Gas Corporation 1.35% Telecom - Services 1.32% Bharti Airtel 1.32% Minerals/Mining 0.93% Coal India 0.93% Ferrous Metals 0.92% Tata Steel 0.92% Media & Entertainment 0.76% Zee Entertainment Enterprises 0.76% Transportation 0.74% Adani Ports and Special Economic Zone 0.74% Gas 0.72% GAIL (India) 0.72% Telecom - Equipment & Accessories 0.70% Bharti Infratel 0.70% Auto Ancillaries 0.58% Bosch 0.58% Equity Futures 1.70% Index 1.70% Nifty Index 1.70% Corporate Bond 0.03% NTPC AAA 0.03% Net Current Asset -1.49% Top 10 Equity Holdings 7 Years Apr 30, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 8,60,000 Total Value as on May 31, 2017 (`) 1,33,678 4,24,048 8,31,659 12,83,277 13,22,380 Fund Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 12,80,224 Nifty 50 Index Returns (%) Total Value of S&P BSE SENSEX 1,33,486 4,13,970 7,99,960 12,15,309 12,50,961 S&P BSE SENSEX Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, INDUSTRY ALLOCATION will be at Moderately High risk Create wealth over a long period of time. Replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion/weightage. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 26.02% Software 11.86% Consumer Non Durables 10.65% Auto 10.58% Petroleum Products 8.25% Finance 7.76% Pharmaceuticals 4.22% Construction Project 3.91% Power 2.71% Cement 2.04% Non - Ferrous Metals 1.99% Oil 1.35% Telecom - Services 1.32% Minerals/Mining 0.93% Ferrous Metals 0.92% Media & Entertainment 0.76% Transportation 0.74% Gas 0.72% Telecom - Equipment & Accessories 0.70% Auto Ancillaries 0.58% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Apr 30, 2010 Apr 30, 2010 Jan 01, 2013 Jan 01, 2013 IDFC Nifty Fund 18.46% 10.78% 15.31% 9.83% 11,846 13,603 20,398 19, % 10.88% NA 12.36% 11,858 13,640 NA 16,727 Nifty 50 # 17.91% 9.97% 14.33% 8.84% 11,791 13,307 19,539 18, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 S&P BSE Sensex ## 16.79% 8.73% 13.93% 8.42% 11,679 12,861 19,204 17, % 8.73% NA 11.09% 11,679 12,861 NA 15,906 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 9

12 IDFC Infrastructure Fund An Open Ended Equity Scheme Fund Style Growth Blend Value About the Fund: A dedicated Infrastructure fund, that invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG. It is a diversified portfolio of companies that are participating in and benefitting from the Indian Infrastructure and Infrastructure related activities. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 8 March 2011 Fund Manager: Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) Beta 0.75 R Square 0.69 Standard Deviation (Annualized) 16.88% Sharpe* 0.66 Portfolio Turnover Equity 0.51 Aggregate^ 0.51 Regular 2.56% Direct 1.32% Benchmark: Nifty Infrastructure SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Size Large Cap Mid Cap Small Cap Monthly SIP of ` 10,000 in IDFC Infrastructure Fund - Regular Plan - Growth % of NAV CBLO 9.76% Clearing Corporation of India 9.76% Equity 89.74% Construction 19.88% Dilip Buildcon 4.31% NBCC (India) 3.89% J.Kumar Infraprojects 3.71% Ahluwalia Contracts (India) 3.22% PNC Infratech 2.04% PSP Projects 2.01% ITD Cementation India 0.71% Construction Project 11.28% Engineers India 4.64% Larsen & Toubro 4.26% Techno Electric & Engineering Company 2.38% Power 10.74% Adani Transmission 3.12% PTC India 2.03% NTPC 2.00% CESC 1.93% Power Grid Corporation of India 1.65% Transportation 9.51% Adani Ports and Special Economic Zone 2.99% Navkar Corporation 2.25% Gateway Distriparks 2.21% InterGlobe Aviation 2.02% Snowman Logistics 0.03% Non - Ferrous Metals 6.74% Vedanta 5.87% National Aluminium Company 0.87% Industrial Capital Goods 6.36% Bharat Electronics 1.95% BEML 1.59% Bharat Heavy Electricals 1.21% Praj Industries 0.91% TD Power Systems 0.69% Gas 5.55% Indraprastha Gas 2.13% Gujarat State Petronet 1.66% GAIL (India) 0.92% Gujarat Gas 0.85% Telecom - Services 4.94% Bharti Airtel 3.83% Idea Cellular 1.11% Ferrous Metals 3.45% Maharashtra Seamless 2.07% Ratnamani Metals & Tubes 1.38% Finance 2.99% SREI Infrastructure Finance 1.77% PTC India Financial Services 1.22% Engineering Services 2.72% VA Tech Wabag 2.72% Cement 2.35% UltraTech Cement 1.41% Sagar Cements 0.54% Deccan Cements 0.39% Petroleum Products 1.43% Reliance Industries 1.43% Consumer Durables 0.91% Blue Star 0.91% Industrial Products 0.89% Kirloskar Oil Engines 0.89% Preference Shares 0.46% Non - Ferrous Metals 0.46% Vedanta 0.46% Net Current Asset 0.03% Top 10 Equity Holdings Mar 08, 2011 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 7,50,000 Total Value as on May 31, 2017 (`) 1,47,722 4,88,434 9,62,509 12,13,253 Fund Returns (%) Total Values of Nifty Infrastructure 1,32,345 3,90,106 7,16,287 8,95,550 Nifty Infrastructure Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 10,89,687 Nifty 50 Index returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, % of NAV INDUSTRY ALLOCATION will be at High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Construction 19.88% Construction Project 11.28% Power 10.74% Transportation 9.51% Non - Ferrous Metals 6.74% Industrial Capital Goods 6.36% Gas 5.55% Telecom - Services 4.94% Ferrous Metals 3.45% Finance 2.99% Engineering Services 2.72% Cement 2.35% Petroleum Products 1.43% Consumer Durables 0.91% Industrial Products 0.89% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 1 Year 3 Years 5 Years Mar 08, 2011 Mar 08, 2011 Jan 01, 2013 Jan 01, 2013 IDFC Infrastructure Fund 49.99% 17.36% 14.63% 7.47% 14,999 16,179 19,800 15, % 19.11% NA 15.09% 15,217 16,915 NA 18,596 Nifty Infrastructure # 16.69% 0.53% 8.00% 1.69% 11,669 10,161 14,696 11, % 0.53% NA 4.77% 11,669 10,161 NA 12,285 Nifty 50 ## 17.91% 9.97% 14.33% 9.32% 11,791 13,307 19,539 17, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 The fund is being managed by Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 10

13 IDFC Tax Advantage (ELSS) Fund An Open Ended Equity Linked Saving Scheme with Lock in Period of 3 Years Style Growth Blend Value About the Fund: The Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth from a diversified equity portfolio and enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 26 December 2008 Fund Manager: Mr. Daylynn Pinto (w.e.f. 20th October 2016) Beta 1.05 R Square 0.83 Standard Deviation (Annualized) 15.28% Sharpe* 0.89 Portfolio Turnover Equity 0.58 Aggregate^ 0.58 Regular 2.41% Direct 1.65% Benchmark: S&P BSE 200 SIP (Minimum Amount): ` 500/- SIP Frequency : Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 500/- and in multiples of ` 500/- thereafter. Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: Nil Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Size Large Cap Mid Cap Small Cap Monthly SIP of ` 10,000 in IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth % of NAV CBLO 3.10% Clearing Corporation of India 3.10% Equity 96.06% Banks 18.48% HDFC Bank 5.87% ICICI Bank 3.73% Axis Bank 2.35% Kotak Mahindra Bank 1.97% IndusInd Bank 1.93% RBL Bank 1.81% State Bank of India 0.82% Consumer Non Durables 10.18% ITC 4.32% Procter & Gamble Hygiene and Health 2.07% Mcleod Russel India 1.22% Hindustan Unilever 1.04% HBL Power Systems 0.97% S H Kelkar and Company 0.56% Auto Ancillaries 7.44% Minda Industries 2.35% Apollo Tyres 1.30% Igarashi Motors India 1.19% Tube Investments of India 0.85% MRF 0.75% WABCO India 0.69% GNA Axles 0.31% Construction Project 6.83% KEC International 2.86% Engineers India 2.06% Voltas 1.90% Software 6.78% Infosys 3.03% HCL Technologies 1.43% Mastek 1.24% Tech Mahindra 1.08% Cement 5.22% The Ramco Cements 3.07% Ambuja Cements 1.38% Sagar Cements 0.77% Auto 4.99% Maruti Suzuki India 2.23% Tata Motors 1.83% Eicher Motors 0.93% Finance 4.44% ICICI Prudential Life Insurance Company 1.33% SREI Infrastructure Finance 1.28% Max Financial Services 0.95% Magma Fincorp 0.88% Retailing 4.41% Future Retail 3.36% % of NAV Future Lifestyle Fashions 1.05% Petroleum Products 3.70% Indian Oil Corporation 1.89% Hindustan Petroleum Corporation 1.81% Gas 3.03% GAIL (India) 2.03% Petronet LNG 1.00% Miscellaneous 2.42% Dishman Carbogen Amcis 1.52% Amulya Leasing And Finance 0.90% Media & Entertainment 2.41% PVR 1.31% Zee Entertainment Enterprises 1.09% Industrial Products 2.21% Bharat Forge 1.14% KEI Industries 1.06% Chemicals 1.82% Deepak Nitrite 1.15% Atul 0.67% Transportation 1.82% VRL Logistics 1.82% Construction 1.75% PSP Projects 0.89% Asian Granito India 0.86% Consumer Durables 1.45% Crompton Greaves Consumer Electricals 1.45% Non - Ferrous Metals 1.41% Hindalco Industries 1.41% Power 1.25% Nava Bharat Ventures 1.25% Ferrous Metals 1.09% Jindal Steel & Power 1.09% Pharmaceuticals 0.94% Aurobindo Pharma 0.94% Fertilisers 0.86% Gujarat State Fertilizers & Chemicals 0.86% Hotels, Resorts And Other Recreational Activities 0.72% EIH 0.72% Industrial Capital Goods 0.44% TD Power Systems 0.44% Preference Shares 0.26% Miscellaneous 0.22% 3D PLM Software Solutions 0.22% Media & Entertainment 0.04% Zee Entertainment Enterprises 0.04% Net Current Asset 0.58% Top 10 Equity Holdings 7 Years Dec 26, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 10,20,000 Total Value as on May 31, 2017 (`) 1,41,468 4,67,580 10,13,122 16,34,189 22,96,501 Fund Returns (%) Total Value of S&P BSE 200 1,34,261 4,32,165 8,58,676 13,06,459 17,71,349 S&P BSE 200 Returns (%) Total Value of NIFTY 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 16,74,709 NIFTY 50 Index Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, INDUSTRY ALLOCATION will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in Equity and Equity related securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 18.48% Consumer Non Durables 10.18% Auto Ancillaries 7.44% Construction Project 6.83% Software 6.78% Cement 5.22% Auto 4.99% Finance 4.44% Retailing 4.41% Petroleum Products 3.70% Gas 3.03% Miscellaneous 2.42% Media & Entertainment 2.41% Industrial Products 2.21% Chemicals 1.82% Transportation 1.82% Construction 1.75% Consumer Durables 1.45% Non - Ferrous Metals 1.41% Power 1.25% Ferrous Metals 1.09% Pharmaceuticals 0.94% Fertilisers 0.86% Hotels, Resorts And Other Recreational Activities 0.72% Industrial Capital Goods 0.44% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Dec 26, 2008 Dec 26, 2008 Jan 01, 2013 Jan 01, 2013 IDFC Tax Advantage 30.42% 19.87% 22.88% 20.88% 13,042 17,241 28,029 49, % 21.40% NA 20.98% 13,185 17,910 NA 23,180 (ELSS) Fund S&P BSE 200 # 20.99% 12.15% 15.76% 16.91% 12,099 14,115 20,795 37, % 12.15% NA 12.82% 12,099 14,115 NA 17,028 Nifty 50 ## 17.91% 9.97% 14.33% 15.49% 11,791 13,307 19,539 33, % 9.97% NA 11.50% 11,791 13,307 NA 16,168 The fund is being managed by Mr. Daylynn Pinto (w.e.f. 20th October 2016), Performance based on NAV as on 31/05/2017, Past performancemay ormay not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). 11 # Benchmark Returns. ## Alternate Benchmark Returns.

14 IDFC Arbitrage Fund An Open Ended Equity Fund About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market. Nature: Equity & Equity Derivatives Monthly Avg AUM: ` 2, Crores Month end AUM: ` 2, Crores Date: 21 December 2006 Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Beta 0.98 R Square 0.43 Standard Deviation (Annualized) 0.48% Sharpe* 1.22 Portfolio Turnover Equity 3.38 Aggregate^ Regular 0.97% Direct 0.42% Benchmark: Crisil Liquid SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - (Payout,Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual Exit Load: 0.25% if redeemed / switched-out within 1 month from the date of allotment (w.e.f 01st July 2016) Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Annual Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Annual Dividend Industries % of NAV Sun Pharmaceutical Industries Pharmaceuticals 5.13% JSW Steel Ferrous Metals 3.42% ITC Consumer Non Durables 2.78% Aditya Birla Nuvo Services 2.27% Yes Bank Banks 2.25% Dewan Housing Finance Corporation Finance 1.97% Reliance Capital Finance 1.87% Oil & Natural Gas Corporation Oil 1.79% United Spirits Consumer Non Durables 1.73% Century Textiles & Industries Cement 1.72% Infosys Software 1.66% Tata Motors Auto 1.66% Max Financial Services Finance 1.65% The Federal Bank Banks 1.55% Tata Global Beverages Consumer Non Durables 1.55% CESC Power 1.54% Zee Entertainment Enterprises Media & Entertainment 1.50% Ambuja Cements Cement 1.43% Tata Steel Ferrous Metals 1.43% Hindustan Zinc Non - Ferrous Metals 1.32% Reliance Infrastructure Power 1.26% Indiabulls Housing Finance Finance 1.26% UPL Pesticides 1.19% HDFC Finance 1.08% Petronet LNG Gas 0.92% Exide Industries Auto Ancillaries 0.91% Fortis Healthcare Healthcare Services 0.91% Aurobindo Pharma Pharmaceuticals 0.89% Jindal Steel & Power Ferrous Metals 0.87% Grasim Industries Cement 0.78% Indraprastha Gas Gas 0.75% Bajaj Finance Finance 0.75% Mahindra & Mahindra Financial Services Finance 0.70% LIC Housing Finance Finance 0.68% Castrol India Petroleum Products 0.62% Dr. Reddy's Laboratories Pharmaceuticals 0.60% Bharat Financial Inclusion Finance 0.59% BEML Industrial Capital Goods 0.57% Divi's Laboratories Pharmaceuticals 0.48% Reliance Power Power 0.43% Pidilite Industries Chemicals 0.43% Bharat Heavy Electricals Industrial Capital Goods 0.39% Larsen & Toubro Construction Project 0.39% UltraTech Cement Cement 0.38% IRB Infrastructure Developers Construction 0.37% Hindustan Petroleum Corporation Petroleum Products 0.36% HCL Technologies Software 0.35% Glenmark Pharmaceuticals Pharmaceuticals 0.34% Power Grid Corporation of India Power 0.32% Rural Electrification Corporation Finance 0.32% Tata Consultancy Services Software 0.30% Hindalco Industries Non - Ferrous Metals 0.29% NMDC Minerals/Mining 0.29% Asian Paints Consumer Non Durables 0.27% Granules India Pharmaceuticals 0.27% Vedanta Non - Ferrous Metals 0.27% Apollo Tyres Auto Ancillaries 0.25% Tata Communications Telecom - Services 0.22% Ashok Leyland Auto 0.22% Bharat Electronics Industrial Capital Goods 0.22% Tata Elxsi Software 0.22% INDUSTRY ALLOCATION Finance 11.36% Pesticides 1.19% Pharmaceuticals 8.21% Industrial Capital Goods 1.18% Consumer Non Durables 6.69% Petroleum Products 1.02% Ferrous Metals 5.72% Healthcare Services 0.91% Cement 4.49% Construction 0.80% Banks 3.95% Construction Project 0.71% Power 3.62% Chemicals 0.59% Software 2.79% Industrial Products 0.37% Auto 2.30% Minerals/Mining 0.29% Services 2.27% Transportation 0.28% Non - Ferrous Metals 1.91% Consumer Durables 0.24% Gas 1.82% Telecom - Services 0.22% Oil 1.79% Trading 0.15% Media & Entertainment 1.50% Textile Products 0.10% Auto Ancillaries 1.28% Telecom - Equipment & Accessories 0.08% Industries % of NAV DLF Construction 0.21% Voltas Construction Project 0.21% Bajaj Auto Auto 0.21% Strides Shasun Pharmaceuticals 0.21% Bata India Consumer Durables 0.20% Dabur India Consumer Non Durables 0.19% InterGlobe Aviation Transportation 0.19% Muthoot Finance Finance 0.18% Bajaj Finserv Finance 0.18% Jain Irrigation Systems Industrial Products 0.17% Tata Chemicals Chemicals 0.16% Adani Enterprises Trading 0.15% GAIL (India) Gas 0.15% Mahindra & Mahindra Auto 0.15% Britannia Industries Consumer Non Durables 0.14% Cadila Healthcare Pharmaceuticals 0.13% MindTree Software 0.12% ACC Cement 0.12% Housing Development and Infrastructure Construction 0.11% Motherson Sumi Systems Auto Ancillaries 0.11% Engineers India Construction Project 0.11% Indiabulls Real Estate Construction 0.11% Arvind Textile Products 0.10% Adani Ports and Special Economic Zone Transportation 0.09% Biocon Pharmaceuticals 0.09% Sintex Industries Industrial Products 0.09% Bharat Forge Industrial Products 0.09% Bharti Infratel Telecom - Equipment & Accessories 0.08% Bank of Baroda Banks 0.07% NIIT Technologies Software 0.07% Shriram Transport Finance Company Finance 0.07% Cipla Pharmaceuticals 0.07% Tata Motors Auto 0.06% NTPC Power 0.06% Oracle Financial Services Software Software 0.05% The India Cements Cement 0.05% L&T Finance Holdings Finance 0.04% Titan Company Consumer Durables 0.04% Kotak Mahindra Bank Banks 0.04% National Aluminium Company Non - Ferrous Metals 0.04% Reliance Industries Petroleum Products 0.04% Syndicate Bank Banks 0.03% Hindustan Unilever Consumer Non Durables 0.03% Power Finance Corporation Finance 0.02% Cummins India Industrial Products 0.02% Tech Mahindra Software 0.01% Siemens Industrial Capital Goods 0.01% KPIT Technologies Software 0.01% JSW Energy Power 0.01% Torrent Power Power 0.01% Lupin Pharmaceuticals 0.002% Total Hedged Equity 67.81% Margin Fixed Deposit 15.45% Corporate Bond 11.60% Commercial Paper 6.89% Zero Coupon Bond 0.77% CBLO 0.91% Adjusted Net Current Asset -3.43% will be at Moderately Low risk To generate low volatility returns over short to medium term Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Dec 21, 2006 Monthly SIP of ` 10,000 in IDFC Arbitrage Fund - Regular Plan - Growth Dec 21, Years 10 Years Jan 17, 2013 Dec 21, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 12,60,000 Total Value as on May 31, 2017 (`) 1,23,788 3,96,623 7,18,092 10,99,118 17,53,926 18,77,019 Fund Returns (%) Total Value of Crisil Liquid 1,24,322 4,03,037 7,34,027 11,23,037 17,99,473 19,26,979 Crisil Liquid Returns (%) Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 20,53,774 22,01,038 Nifty 50 Index Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Jan 17, 2013 IDFC Arbitrage Fund 6.27% 6.84% 7.76% 7.32% 10,627 12,198 14,533 20, % 7.44% NA 8.16% 10,685 12,406 NA 14,087 CRISIL Liquid # 6.96% 7.89% 8.27% 7.61% 10,696 12,562 14,879 21, % 7.89% NA 8.32% 10,696 12,562 NA 14,181 Nifty 50 ## 17.91% 9.97% 14.33% 9.21% 11,791 13,307 19,539 25, % 9.97% NA 11.25% 11,791 13,307 NA 15,931 The fund is being managed by Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 12

15 IDFC Arbitrage Plus Fund An Open Ended Equity Fund About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The fund can also tactically participate in a mix of strategies like pair trades, corporate events like buybacks, etc, (restricted upto 5% of the portfolio). The balance is invested in actively managed debt and money market instruments. Nature: Equity Derivatives Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 June 2008 Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Beta 1.44 R Square 0.21 Standard Deviation (Annualized) 0.99% Sharpe* 0.42 Portfolio Turnover Equity 2.32 Aggregate^ Regular 1.04% Direct 0.38% Benchmark: Crisil Liquid SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual Exit Load: 0.25% if redeemed / switched-out within 1 (one) month from the date of allotment. (w.e.f. 12th August 2016) Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Annual Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Annual Dividend Industries Monthly SIP of ` 10,000 in IDFC Arbitrage Plus Fund - Regular Plan - Growth % of NAV Sun Pharmaceutical Industries Pharmaceuticals 6.45% Tata Motors Auto 5.59% JSW Steel Ferrous Metals 3.44% Bharat Electronics Industrial Capital Goods 3.41% Century Textiles & Industries Cement 3.27% United Spirits Consumer Non Durables 2.94% Castrol India Petroleum Products 2.69% Ashok Leyland Auto 2.35% Tata Global Beverages Consumer Non Durables 2.29% Jindal Steel & Power Ferrous Metals 2.08% Aurobindo Pharma Pharmaceuticals 2.05% Bharat Financial Inclusion Finance 1.94% Dewan Housing Finance Corporation Finance 1.80% Fortis Healthcare Healthcare Services 1.73% IRB Infrastructure Developers Construction 1.65% Reliance Capital Finance 1.57% CESC Power 1.29% Tata Steel Ferrous Metals 1.28% Max Financial Services Finance 1.16% Reliance Power Power 1.06% Tata Elxsi Software 0.95% The Federal Bank Banks 0.85% Hindalco Industries Non - Ferrous Metals 0.83% Power Finance Corporation Finance 0.81% Reliance Industries Petroleum Products 0.78% Reliance Infrastructure Power 0.74% Infosys Software 0.69% Oil & Natural Gas Corporation Oil 0.63% Hindustan Zinc Non - Ferrous Metals 0.62% Glenmark Pharmaceuticals Pharmaceuticals 0.61% TV18 Broadcast Media & Entertainment 0.58% Aditya Birla Nuvo Services 0.55% Bank of Baroda Banks 0.52% HCL Technologies Software 0.51% SRF Textile Products 0.51% Power Grid Corporation of India Power 0.48% Bharat Heavy Electricals Industrial Capital Goods 0.42% Mahindra & Mahindra Financial Services Finance 0.41% 7 Years 10 Years Jun 09, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,80,000 Total Value as on May 31, 2017 (`) 1,23,495 3,96,273 7,14,598 10,87,640 NA 15,02,246 Fund Returns (%) NA 7.16 Total Value of Crisil Liquid 1,24,322 4,03,037 7,34,027 11,23,037 NA 15,58,035 Crisil Liquid Returns (%) NA 7.94 Total Value of Nifty 50 Index 1,33,628 4,20,389 8,16,810 12,43,573 NA 18,22,849 Nifty 50 Index Returns (%) NA Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Industries % of NAV DLF Construction 0.38% Hindustan Petroleum Corporation Petroleum Products 0.33% Exide Industries Auto Ancillaries 0.32% Rural Electrification Corporation Finance 0.32% ITC Consumer Non Durables 0.31% Voltas Construction Project 0.29% Dr. Reddy's Laboratories Pharmaceuticals 0.29% Tata Chemicals Chemicals 0.27% Dish TV India Media & Entertainment 0.27% Syndicate Bank Banks 0.26% Housing Development and Infrastructure Construction 0.26% Ambuja Cements Cement 0.23% Asian Paints Consumer Non Durables 0.20% Dabur India Consumer Non Durables 0.19% BEML Industrial Capital Goods 0.18% Apollo Tyres Auto Ancillaries 0.17% Indiabulls Real Estate Construction 0.15% NMDC Minerals/Mining 0.14% Bajaj Auto Auto 0.11% Britannia Industries Consumer Non Durables 0.11% PTC India Power 0.09% Bosch Auto Ancillaries 0.09% Indiabulls Housing Finance Finance 0.08% Larsen & Toubro Construction Project 0.08% Divi's Laboratories Pharmaceuticals 0.07% Indraprastha Gas Gas 0.07% Yes Bank Banks 0.07% Mahindra & Mahindra Auto 0.05% Sintex Industries Industrial Products 0.04% Bharat Forge Industrial Products 0.03% Tech Mahindra Software 0.03% Pidilite Industries Chemicals 0.01% Total Hedged Equity 67.03% Margin Fixed Deposit 14.52% Corporate Bond 19.09% CBLO 2.70% Adjusted Net Current Asset -3.34% INDUSTRY ALLOCATION will be at Moderate risk To generate low volatility returns over short to medium term. Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Pharmaceuticals 9.47% Auto 8.10% Finance 8.09% Ferrous Metals 6.81% Consumer Non Durables 6.04% Industrial Capital Goods 4.01% Petroleum Products 3.80% Power 3.65% Cement 3.50% Construction 2.44% Software 2.18% Healthcare Services 1.73% Banks 1.70% Non - Ferrous Metals 1.45% Media & Entertainment 0.85% Oil 0.63% Auto Ancillaries 0.58% Services 0.55% Textile Products 0.51% Construction Project 0.37% Chemicals 0.28% Minerals/Mining 0.14% Industrial Products 0.08% Gas 0.07% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Jun 09, 2008 Jun 09, 2008 Dec 31, 2013 Dec 31, 2013 IDFC Arbitrage Plus Fund 6.57% 6.67% 7.51% 7.03% 10,657 12,142 14,369 18, % 7.40% NA 7.64% 10,735 12,394 NA 12,859 CRISIL Liquid # 6.96% 7.89% 8.27% 7.63% 10,696 12,562 14,879 19, % 7.89% NA 8.11% 10,696 12,562 NA 13,053 Nifty 50 ## 17.91% 9.97% 14.33% 8.83% 11,791 13,307 19,539 21, % 9.97% NA 13.17% 11,791 13,307 NA 15,262 The fund is being managed by Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31 st May 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 13

16 IDFC Sensex Exchange Trade Fund An Open Ended Exchange Trade Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] About the Fund: An open-ended Exchange Traded Fund that seeks to provide returns that, before expenses, closely correspond to the total return of the S&P BSE Sensex, subject to tracking errors. Nature: Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] Monthly Avg AUM: ` 0.73 Crores Month end AUM: ` 0.75 Crores Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti : 0.13% Benchmark: S&P BSE Sensex SIP (Minimum Amount): NA SIP Frequency: NA SIP Dates (Monthly): NA Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: Directly with Fund - Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in Creation unit size on any business day. On the Exchange - The units of the Scheme can be purchased and sold in minimum lot of 1 unit and in multiples thereof Option Available: Presently the scheme does not offer any Plan/Options for Investment Exit Load: Nil Banks 24.37% Consumer Non Durables 13.68% Software 12.70% Auto 11.75% Finance 8.69% Petroleum Products 7.74% Construction Project 4.92% Pharmaceuticals 4.82% % of NAV Equity 99.29% Banks 24.37% HDFC Bank 11.52% ICICI Bank 6.63% State Bank of India 3.21% Axis Bank 3.00% Consumer Non Durables 13.68% ITC 9.24% Hindustan Unilever 2.64% Asian Paints 1.79% Software 12.70% Infosys 6.81% Tata Consultancy Services 4.71% Wipro 1.18% Auto 11.75% Maruti Suzuki India 3.27% Tata Motors 3.21% Mahindra & Mahindra 2.30% Hero MotoCorp 1.64% Bajaj Auto 1.32% Finance 8.69% HDFC 8.69% Petroleum Products 7.74% Reliance Industries 7.74% INDUSTRY ALLOCATION % of NAV Construction Project 4.92% Larsen & Toubro 4.92% Pharmaceuticals 4.82% Sun Pharmaceutical Industries 1.88% Dr. Reddy's Laboratories 1.07% Lupin 0.96% Cipla 0.90% Power 2.97% Power Grid Corporation of India 1.59% NTPC 1.38% Telecom - Services 1.71% Bharti Airtel 1.71% Oil 1.66% Oil & Natural Gas Corporation 1.66% Ferrous Metals 1.18% Tata Steel 1.18% Minerals/Mining 1.14% Coal India 1.14% Transportation 1.05% Adani Ports and Special Economic Zone 1.05% Gas 0.91% GAIL (India) 0.91% Net Current Asset 0.71% Top 10 Equity Holdings Power 2.97% Telecom - Services 1.71% Oil 1.66% Ferrous Metals 1.18% Minerals/Mining 1.14% Transportation 1.05% Gas 0.91% Regular Plan Growth Regular Plan Dividend N.A will be at Moderately High risk To create wealth over a long period of time. Investment in securities covered by S&P BSE Sensex Index. *Investors should consult their financial advisers if in doubt about whether the product is suitable 14

17 IDFC Nifty Exchange Trade Fund An Open Ended Exchange Trade Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] About the Fund: An open-ended Exchange Traded Fund that seeks to provide returns that, before expenses, closely correspond to the total return of the Nifty 50, subject to tracking errors. Nature: Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] Monthly Avg AUM: ` 0.88 Crores Month end AUM: ` 0.90 Crores Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti : 0.13% Benchmark: Nifty 50 SIP (Minimum Amount): NA SIP Frequency: NA SIP Dates (Monthly): NA Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: Directly with Fund - Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in Creation unit size on any business day. On the Exchange - The units of the Scheme can be purchased and sold in minimum lot of 1 unit and in multiples thereof Option Available: Presently the scheme does not offer any Plan/Options for Investment Exit Load: Nil Regular Plan Growth Regular Plan Dividend N.A % of NAV Equity 98.90% Banks 26.34% HDFC Bank 9.08% ICICI Bank 5.21% Kotak Mahindra Bank 3.22% State Bank of India 2.50% Axis Bank 2.39% IndusInd Bank 2.03% Yes Bank 1.44% Bank of Baroda 0.46% Software 11.99% Infosys 5.35% Tata Consultancy Services 3.70% HCL Technologies 1.35% Wipro 0.93% Tech Mahindra 0.67% Consumer Non Durables 10.78% ITC 7.26% Hindustan Unilever 2.09% Asian Paints 1.43% Auto 10.57% Tata Motors 2.85% Maruti Suzuki India 2.58% Mahindra & Mahindra 1.80% Hero MotoCorp 1.34% Bajaj Auto 1.05% Eicher Motors 0.95% Petroleum Products 8.36% Reliance Industries 6.10% Indian Oil Corporation 1.20% Bharat Petroleum Corporation 1.06% Finance 7.86% HDFC 6.84% Indiabulls Housing Finance 1.02% Pharmaceuticals 4.26% Sun Pharmaceutical Industries 1.52% Dr. Reddy's Laboratories 0.82% INDUSTRY ALLOCATION % of NAV Lupin 0.77% Cipla 0.72% Aurobindo Pharma 0.44% Construction Project 3.95% Larsen & Toubro 3.95% Power 2.74% Power Grid Corporation of India 1.25% NTPC 1.09% Tata Power Company 0.40% Cement 2.02% UltraTech Cement 1.17% Ambuja Cements 0.49% ACC 0.37% Non - Ferrous Metals 1.96% Vedanta 1.16% Hindalco Industries 0.80% Oil 1.37% Oil & Natural Gas Corporation 1.37% Telecom - Services 1.34% Bharti Airtel 1.34% Minerals/Mining 0.94% Coal India 0.94% Ferrous Metals 0.92% Tata Steel 0.92% Media & Entertainment 0.77% Zee Entertainment Enterprises 0.77% Transportation 0.75% Adani Ports and Special Economic Zone 0.75% Gas 0.73% GAIL (India) 0.73% Telecom - Equipment & Accessories 0.70% Bharti Infratel 0.70% Auto Ancillaries 0.52% Bosch 0.52% Net Current Asset 1.10% Top 10 Equity Holdings will be at Moderately High risk To create wealth over a long period of time Investment in securities covered by Nifty 50 Index. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 26.34% Software 11.99% Consumer Non Durables 10.78% Auto 10.57% Petroleum Products 8.36% Finance 7.86% Pharmaceuticals 4.26% Construction Project 3.95% Power 2.74% Cement 2.02% Non - Ferrous Metals 1.96% Oil 1.37% Telecom - Services 1.34% Minerals/Mining 0.94% Ferrous Metals 0.92% Media & Entertainment 0.77% Transportation 0.75% Gas 0.73% Telecom - Equipment & Accessories 0.70% Auto Ancillaries 0.52% 15

18 IDFC Dynamic Equity Fund (The Fund shall be repositioned with effect from June 19, 2017) $$ An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: The weighted average PE of Nifty 50 (standalone) as on was and the 200DMA was (< spot Nifty). The allocation for the month of June will be around these levels: Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 10 October 2014 Fund Manager: Equity Portion: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017), Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015) Standard Deviation (Annualized) 5.98% Portfolio Turnover Equity 0.36 Aggregate^ 4.16 Regular 2.25% Direct 1.22% Benchmark: Nifty 50 and CRISIL Balanced Fund Aggressive Index SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: If redeemed/switched out within 18 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1.50%If redeemed/ switched out after 18 months from the date of allotment: Nil Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderately High risk To create wealth over a long period of time Investment in equity & equity related instruments and for defensive purposes in the equity derivatives. The schememay also invest in Debt & Money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable Rating % of NAV CBLO 2.56% Clearing Corporation of India Ltd 2.56% Equity 66.38% Banks 17.62% HDFC Bank 6.08% ICICI Bank 3.49% Kotak Mahindra Bank 2.15% State Bank of India 1.67% Axis Bank 1.60% IndusInd Bank 1.37% Yes Bank 0.96% Bank of Baroda 0.31% Software 8.04% Infosys 3.58% Tata Consultancy Services 2.49% HCL Technologies 0.91% Wipro 0.62% Tech Mahindra 0.45% Consumer Non Durables 7.21% ITC 4.86% Hindustan Unilever 1.40% Asian Paints 0.95% Auto 7.17% Tata Motors 1.91% Maruti Suzuki India 1.76% Mahindra & Mahindra 1.21% Hero MotoCorp 0.89% Bajaj Auto 0.71% Eicher Motors 0.69% Petroleum Products 5.58% Reliance Industries 4.07% Indian Oil Corporation 0.80% Bharat Petroleum Corporation 0.71% Finance 5.26% HDFC 4.57% Indiabulls Housing Finance 0.69% Pharmaceuticals 2.86% Sun Pharmaceutical Industries 1.01% Dr. Reddy's Laboratories 0.56% Lupin 0.51% Cipla 0.48% Aurobindo Pharma 0.30% Construction Project 2.65% Larsen & Toubro 2.65% Monthly SIP of ` 10,000 in IDFC Dynamic Equity - Regular Plan - Growth Banks 17.62% Software 8.04% Consumer Non Durables 7.21% Auto 7.17% Petroleum Products 5.58% Finance 5.26% Pharmaceuticals 2.86% Construction Project 2.65% Power 1.83% Cement 1.38% INDUSTRY ALLOCATION Rating % of NAV Power 1.83% Power Grid Corporation of India 0.84% NTPC 0.73% Tata Power Company 0.27% Cement 1.38% UltraTech Cement 0.80% Ambuja Cements 0.32% ACC 0.25% Non - Ferrous Metals 1.35% Vedanta 0.81% Hindalco Industries 0.54% Oil 0.92% Oil & Natural Gas Corporation 0.92% Telecom - Services 0.90% Bharti Airtel 0.90% Minerals/Mining 0.63% Coal India 0.63% Ferrous Metals 0.62% Tata Steel 0.62% Media & Entertainment 0.52% Zee Entertainment Enterprises 0.52% Transportation 0.50% Adani Ports and Special Economic Zone 0.50% Gas 0.49% GAIL (India) 0.49% Telecom - Equipment & Accessories 0.47% Bharti Infratel 0.47% Auto Ancillaries 0.39% Bosch 0.39% State Government Bond 15.04% 8.18% Haryana UDAY BOND(MD 15/06/2022) SOV 15.04% Commercial Paper 7.98% Bajaj Finance A % Certificate of Deposit 4.82% Axis Bank A % Margin Fixed Deposit 3.24% IndusInd Bank 3.24% Corporate Bond 0.09% NTPC AAA 0.09% Net Current Asset -0.11% Equity Futures % Nifty Index % Top 10 Equity Holdings Oct 10, 2014 Total Amount Invested (`) 1,20,000 NA NA 3,20,000 Total Value as on May 31, 2017 (`) 1,26,391 NA NA 3,48,917 Fund Returns (%) NA NA 6.43 Total Value of CRISIL Balanced Fund Aggressive Index 1,30,674 NA NA 3,69,162 CRISIL Balanced Fund Aggressive Index Returns (%) NA NA Total Value of Nifty 50 1,33,628 NA NA 3,70,210 Nifty 50 Returns (%) NA NA Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Non - Ferrous Metals 1.35% Oil 0.92% Telecom - Services 0.90% Minerals/Mining 0.63% Ferrous Metals 0.62% Media & Entertainment 0.52% Transportation 0.50% Gas 0.49% Telecom - Equipment & Accessories 0.47% Auto Ancillaries 0.39% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Oct 10, 2014 Oct 10, 2014 Oct 10, 2014 Oct 10, 2014 IDFC Dynamic Equity Fund 9.09% NA NA 6.26% 10,909 NA NA 11, % NA NA 7.58% 11,017 NA NA 12,127 CRISIL Balanced Fund % NA NA 9.16% 11,561 NA NA 12, % NA NA 9.16% 11,561 NA NA 12,606 Aggressive Index # Nifty 50 ## 17.91% NA NA 7.96% 11,791 NA NA 12, % NA NA 7.96% 11,791 NA NA 12,241 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015). Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUMfor the last one year (includes Fixed Income securities and Equity derivatives). The portfolio shall be rebalanced on the first business day of every month. # Benchmark Returns. ## Alternate Benchmark Returns. $$ For details please refer Notice ( ) 16

19 IDFC Balanced Fund An Open-ended Balanced Scheme About the Fund: IDFC Balanced Equity Fund provides a combination of equity (up to 60%), arbitrage (minimum 5%) and balance in debt so as to provide both stability of returns and potential of growth. Both equity and fixed incomeportions are actively managed. Nature: Balanced Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 30 December 2016 Fund Manager: Equity Portion: Mr. Anoop Bhaskar Debt Portion: Mr. Suyash Choudhary & Mr. Anurag Mittal Regular 2.36% Direct 0.78% Benchmark: Crisil Balanced Fund Aggressive Index SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Date (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility) Exit Load: 10% of investment: Nil Remaining investment: 1% if redeemed/switched out within 12 months from the date of allotment. Regular Plan Dividend Regular Plan Growth Direct Plan Growth Direct Plan Dividend Rating/Industry % of NAV HDFC Bank Limited Banks 3.23% ITC Limited Consumer Non Durables 2.35% Reliance Industries Limited Petroleum Products 2.23% Axis Bank Limited Banks 1.89% Hero MotoCorp Limited Auto 1.62% Larsen & Toubro Limited Construction Project 1.51% GAIL (India) Limited Gas 1.34% Bharat Forge Limited Industrial Products 1.29% ICICI Bank Limited Banks 1.19% IndusInd Bank Limited Banks 1.19% Grasim Industries Limited Cement 1.18% EIH Limited Hotels, Resorts And Other Recreational Activities 1.15% State Bank of India Banks 1.11% Infosys Limited Software 1.01% Indian Oil Corporation Limited Petroleum Products 0.96% Top 15 Active Equity Holdings 23.24% Other Active Equity Holdings 28.91% Arbitrage Position 14.19% 7.35% GOI (MD 22/06/2024) SOV 5.24% 8.20% GOI (MD 15/02/2022) SOV 4.74% 8.15% GOI (MD 11/06/2022) SOV 4.06% 7.16% GOI (MD 20/05/2023) SOV 1.95% 6.79% GOI (MD 26/12/2029) SOV 1.28% Government Bond 17.26% *State Bank of India CRISIL AA+ 2.59% *ICICI Bank Limited ICRA AA+ 1.95% *IndusInd Bank Limited CRISIL AA 1.94% *Bank of Baroda CARE AA 1.94% *Axis Bank Limited CRISIL AA+ 1.91% Corporate Bond 10.34% 8.60% Tamil Nadu SDL (MD 06/03/2023) SOV 5.41% 8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 0.23% State Government Bond 5.64% Margin FD 1.25% will be at Moderately High risk Create wealth over a long period of time. Capital appreciation and current income by investing in equity as well as fixed income securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Net Current Asset -0.84% * Basel III, Tier 1 Perpetual INDUSTRY ALLOCATION Banks 12.71% Industrial Products 1.29% Pharmaceuticals 6.44% Media & Entertainment 0.98% Petroleum Products 5.62% Retailing 0.95% Finance 5.60% Fertilisers 0.91% Auto 5.01% Non - Ferrous Metals 0.89% Consumer Non Durables 4.11% Chemicals 0.52% Cement 3.44% Telecom - Equipment & Accessories 0.37% Software 2.97% Oil 0.37% Industrial Capital Goods 2.09% Textile Products 0.36% Construction Project 2.05% Miscellaneous 0.34% Hotels, Resorts And Other Recreational Activities 1.83% Services 0.32% Power 1.82% Ferrous Metals 0.30% Auto Ancillaries 1.74% Construction 0.13% Gas 1.66% Minerals/Mining 0.13% Consumer Durables 1.39% 17

20 IDFC Monthly Income Plan An Open Ended Debt Fund About the Fund: MIP is a hybrid fund which offers up to 25% participation in the equity markets with the balance invested in fixed income. The Equity portfolio of the fund is an all cap portfolio. The Fixed Income portfolio is a mix of high quality debt and money market instruments. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 25 February 2010 Fund Manager: Equity Portion: Mr. Sumit Agrawal (w.e.f. 20th October 2016) Debt Portion: Mr. Anurag Mittal (w.e.f. 09th November 2015) Modified Duration 4.35 years Average Maturity 5.93 years Yield to Maturity 7.63% Regular 2.09% Direct 1.35% Asset Quality AAA Equivalent 82.07% AA 11.56% AA+ 6.36% Benchmark: Crisil MIP Blended Index SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly, Regular Exit Load: 1% of the NAV shall be applicable to investors who redeem/switch out of such investments within one year (365 Days) from the date of subscription applying First in First Out basis, (including allotment through SIP/STP). Regular Plan - Dividend Regular Plan - Growth Regular Plan - Dividend Quarterly Direct Plan - Growth Direct Plan - Dividend Direct Plan - Dividend Quarterly will be at Moderately High risk Capital appreciation and provide regular income over a long period of time. Investment primarily in debt securities to generate regular returns and investment of a portion of the Scheme s assets in equity securities to generate long-term capital appreciation. *Investors should consult their financial advisers if in doubt about whether the product is suitable Monthly SIP of ` 10,000 in IDFC Monthly Income Plan - Regular Plan - Growth Rating % of NAV CBLO 14.89% Clearing Corporation of India 14.89% Government Bond 41.51% 8.27% G-Sec SOV 14.59% 7.35% G-Sec SOV 14.23% 8.20% G-Sec SOV 6.30% 7.72% G-Sec SOV 4.15% 8.12% G-Sec SOV 2.08% 7.68% G-Sec SOV 0.15% Corporate Bond 18.05% ICICI Bank AA+ 4.03% IndusInd Bank AA 4.02% Blue Dart Express AA 2.74% Bank of Baroda AA 2.01% Small Industries Dev Bank of India AAA 1.62% HDFC Bank AAA 1.47% NHPC AAA 1.38% Axis Bank AA+ 0.79% Equity 24.19% Banks 4.21% HDFC Bank 1.31% ICICI Bank 1.22% Kotak Mahindra Bank 0.85% State Bank of India 0.58% Lakshmi Vilas Bank 0.26% Pharmaceuticals 2.14% Natco Pharma 0.89% Alkem Laboratories 0.77% Aurobindo Pharma 0.20% Sun Pharmaceutical Industries 0.20% Cadila HealthLimited 0.07% Auto 2.06% Maruti Suzuki India 1.30% Tata Motors 0.76% Consumer Non Durables 1.62% DCM Shriram 0.63% Mcleod Russel India 0.43% S H Kelkar and Company 0.28% Linc Pen & Plastics 0.27% Power 1.59% Power Grid Corporation of India 1.12% PTC India 0.47% 7 Years 10 Years Feb 25, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,80,000 Total Value as on May 31, 2017 (`) 1,27,027 4,19,430 7,89,681 12,29,672 NA 13,07,955 Fund Returns (%) NA Total Value of Crisil MIP Blended 1,26,420 4,19,418 7,79,353 11,92,603 NA 12,66,100 Crisil MIP Blended Returns (%) NA 9.74 Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 NA 12,03,156 CRISIL 10 Year Gilt Index Returns (%) NA 8.38 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Rating % of NAV Petroleum Products 1.51% Reliance Industries 1.07% Castrol India 0.44% Software 1.34% Infosys 0.55% HCL Technologies 0.34% NIIT Technologies 0.29% Tech Mahindra 0.16% Industrial Products 1.21% FAG Bearings India 0.90% Timken India 0.31% Fertilisers 1.15% Coromandel International 1.15% Transportation 1.04% VRL Logistics 0.55% Blue Dart Express 0.49% Finance 1.00% JM Financial 0.74% SREI Infrastructure Finance 0.27% Oil 0.85% Oil & Natural Gas Corporation 0.85% Textiles - Cotton 0.78% Vardhman Textiles 0.78% Textile Products 0.65% SRF 0.65% Gas 0.61% Gujarat State Petronet 0.61% Miscellaneous 0.59% Dishman Carbogen Amcis 0.59% Construction Project 0.56% Larsen & Toubro 0.56% Construction 0.56% Ahluwalia Contracts (India) 0.56% Pesticides 0.46% Monsanto India 0.46% Non - Ferrous Metals 0.27% National Aluminium Company 0.27% Net Current Asset 1.36% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Feb 25, 2010 Feb 25, 2010 Jan 01, 2013 Jan 01, 2013 IDFC Monthly Income Plan 13.73% 11.26% 11.49% 9.88% 11,373 13,779 17,227 19, % 12.29% NA 11.17% 11,469 14,167 NA 15,960 CRISIL MIP Blended Index # 12.07% 10.70% 10.16% 8.92% 11,207 13,575 16,227 18, % 10.70% NA 9.83% 11,207 13,575 NA 15, Year GOI ## 11.49% 10.69% 8.32% 7.14% 11,149 13,568 14,915 16, % 10.69% NA 8.03% 11,149 13,568 NA 14,065 The fund is being managed by Mr. Sumit Agrawal (w.e.f. 20th October 2016) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. 18

21 IDFC Asset Allocation Fund of Fund An Open Ended Fund of Funds Scheme IDFC Asset Allocation Fund - Conservative Plan Nature: An Open - Ended Fund of Funds Scheme Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 11 February 2010 Fund Manager: Mr. Bhavin Patadia (w.e.f. 29th May 2017) Regular 1.18% Direct 0.69% Benchmark: Crisil MIP Blended Index SIP (Minimum Amount) : `1,000/- SIP Frequency : Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep) Exit Load: 1.50% if redeemed before 18 months from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend IDFC Asset Allocation Fund - Moderate Plan Nature: An Open - Ended Fund of Funds Scheme Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 11 February 2010 Fund Manager: Mr. Bhavin Patadia (w.e.f. 29th May 2017) Regular 1.43% Direct 0.94% Benchmark: Crisil MIP Blended Index SIP (Minimum Amount) : `1,000/- SIP Frequency : Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep) Exit Load: 1.50% if redeemed before 18 months from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend - IDFC Asset Allocation Fund - Aggressive Plan Nature: An Open - Ended Fund of Funds Scheme Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 11 February 2010 Fund Manager: Mr. Bhavin Patadia (w.e.f. 29th May 2017) Regular 1.50% Direct 0.98% Benchmark: Crisil Balanced Fund Aggressive Index SIP (Minimum Amount) : `1,000/- SIP Frequency : Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount : ` 5,000/- and any Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep) Exit Load: 1.50% if redeemed before 18 months from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderate risk Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. *Investors should consult their financial advisers if in doubt about whether the product is suitable will be at Moderately High risk Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model *Investors should consult their financial advisers if in doubt about whether the product is suitable will be at Moderately High risk Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. *Investors should consult their financial advisers if in doubt about whether the product is suitable Conservative Moderate Aggressive Plan Plan Plan CBLO 8.59% 17.71% 19.79% Clearing Corporation of India 8.59% 17.71% 19.79% Exchange Traded Funds % 13.26% Reliance ETF Gold BeES % 13.26% Debt 63.82% 50.04% 23.89% IDFC Dynamic Bond Fund % - IDFC Ultra Short Term Fund 42.52% 22.80% 8.01% HDFC Gilt Fund - Short Term Plan 7.11% 6.97% 5.29% SBI Magnum Gilt Fund - Short Term Plan 7.11% 6.97% 5.29% ICICI Prudential Short Term Gilt Fund 7.07% 7.00% 5.29% Equity 12.57% 25.21% 43.77% IDFC Classic Equity Fund 2.59% 4.22% 6.94% IDFC Sterling Equity Fund % 2.58% Reliance Growth Fund 2.49% 3.96% 6.68% HDFC Capital Builder Fund 2.49% 4.02% 6.73% HDFC Top 200 Fund 2.49% 4.96% 9.14% Birla Sun Life Top 100 Fund 2.49% 4.96% 9.18% Kotak Emerging Equity Scheme % 2.52% Net Current Asset 15.03% -0.19% -0.70% % % Standard Allocation % to net assets Conservative Moderate Standard Matrix Plan Plan Aggressive Plan Equity (Including Offshore 10-15% 25-30% 45-50% Equity) Fund Debt Fund(Including Liquid 0-90% 0-70% 0-45% funds) Alternate (Including Gold/ 0% 5-10% 10-15% Commodity Equity Funds) Money Market Securities 0-15% 0-15% 0-15% (w.e.f. 07 Dec, 2011) 19

22 IDFC Asset Allocation Fund of Fund An Open Ended Fund of Funds Scheme Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Asset Allocation Fund - CP - Regular Plan - Growth * 12.18% 10.52% 10.59% 9.27% 11,218 13,509 16,549 19,108 CRISIL MIP Blended Index # 12.07% 10.70% 10.16% 8.92% 11,207 13,575 16,227 18,661 CRISIL 10 Year Gilt Index ## 11.49% 10.69% 8.32% 7.18% 11,149 13,568 14,915 16,597 IDFC Asset Allocation Fund - CP - Direct Plan - Growth $ 12.74% 11.09% NA 10.95% 11,274 13,718 NA 15,413 CRISIL MIP Blended Index # 12.07% 10.70% NA 10.15% 11,207 13,575 NA 14,958 CRISIL 10 Year Gilt Index ## 11.49% 10.69% NA 8.02% 11,149 13,568 NA 13,788 * Regular Plan - Growth Feb 11, $ Direct Plan - Growth Apr 02, Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Asset Allocation Fund - MP - Regular Plan - Growth * 14.02% 11.59% 11.68% 10.35% 11,402 13,903 17,377 20,525 CRISIL MIP Blended Index # 12.07% 10.70% 10.16% 8.92% 11,207 13,575 16,227 18,661 CRISIL 10 Year Gilt Index ## 11.49% 10.69% 8.32% 7.18% 11,149 13,568 14,915 16,597 IDFC Asset Allocation Fund - MP - Direct Plan - Growth $ 14.58% 12.15% NA 11.76% 11,458 14,115 NA 16,057 CRISIL MIP Blended Index # 12.07% 10.70% NA 10.03% 11,207 13,575 NA 15,024 CRISIL 10 Year Gilt Index ## 11.49% 10.69% NA 7.74% 11,149 13,568 NA 13,741 * Regular Plan - Growth Feb 11, $ Direct Plan - Growth Feb 26, Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Asset Allocation Fund - AP - Regular Plan - Growth * 16.93% 12.66% 12.83% 10.93% 11,693 14,310 18,296 21,327 CRISIL Balanced Fund Aggressive Index # 15.61% 10.46% 12.80% 9.74% 11,561 13,487 18,265 19,712 CRISIL 10 Year Gilt Index ## 11.49% 10.69% 8.32% 7.18% 11,149 13,568 14,915 16,597 IDFC Asset Allocation Fund - AP - Direct Plan - Growth $ 17.56% 13.25% NA 11.76% 11,756 14,534 NA 16,338 CRISIL Balanced Fund Aggressive Index # 15.61% 10.46% NA 11.01% 11,561 13,487 NA 15,860 CRISIL 10 Year Gilt Index ## 11.49% 10.69% NA 8.03% 11,149 13,568 NA 14,065 The fund is being managed by Mr. Bhavin Patadia (w.e.f. 29th May 2017). Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. #Benchmark Returns. ##Alternate Benchmark Returns. * Regular Plan - Growth Feb 11, $ Direct Plan - Growth Jan 01, IDFC All Season Bond Fund An Open Ended Fund of Funds Scheme About the Fund: All Seasons Bond Fund is a Fund of Fund (FOF) structure which can invest in one or more funds within our basket of short term offerings. The portfolio gives the fund manager the flexibility to play between debt and money market, benefiting from the accrual available in its space and optimizing the portfolio yields. Nature: Fund of Funds Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 13 September 2004 Fund Manager: Mr. Harshal Joshi (w.e.f 15th July 2016) Other Parameter Asset Quality Standard Deviation (Annualized) 1.65% AAA Equivalent 90.32% Regular 0.68% Modified Duration 1.53 years AA+ 8.22% Direct 0.24% Average Maturity 1.81 years AA 1.45% Yield to Maturity 7.21% Benchmark: CRISIL Short Term Bond (w.e.f. 30th November 2015) SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 44 to 45 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Weekly, Fortnightly, Quarterly, Half Yearly, Annual & Periodic Exit Load: 0.50% if redeemed or switched before 3 months (w.e.f. 09th October 2013) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Half Yearly Regular Plan Dividend Annual Regular Plan Dividend Fortnightly Regular Plan Dividend Daily NA Regular Plan Dividend Weekly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Quarterly Direct Plan Dividend Fortnightly Direct Plan Dividend Periodic Performance Table will be at Moderately Low Risk This product is suitable for investors who are To generate short term optimal returns with high liquidity. Investment predominantly in debt oriented mutual fund schemes and money market instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable % of NAV IDFC Super Saver Inc Fund - Short Term-Dir Pl-Gro 74.15% IDFC Ultra Short - Direct Plan - Growth 26.15% Mutual Fund Units Total % Net Current Asset -0.30% Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC All Seasons Bond Fund - Regular Plan - Growth* 8.59% 8.80% 8.76% 7.70% 10,859 12,884 15,219 25,690 CRISIL Short Term Bond # 8.82% 9.07% 9.06% 7.60% 10,882 12,980 15,435 25,404 CRISIL 1 Year T-Bill ## 7.20% 7.62% 7.38% 6.08% 10,720 12,471 14,281 21,191 IDFC All Seasons Bond Fund - Direct Plan - Growth $ 9.07% 9.27% NA 9.32% 10,907 13,054 NA 14,634 CRISIL Short Term Bond # 8.82% 9.07% NA 9.11% 10,882 12,980 NA 14,511 CRISIL 1 Year T-Bill ## 7.20% 7.62% NA 7.27% 10,720 12,471 NA 13,493 The fund is being managed by Mr. Harshal Joshi (w.e.f 15th July 2016). Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Sep 13, $ Direct Plan - Growth Feb 22,

23 IDFC Cash Fund An Open Ended Liquid Fund About the Fund: The Fund aims to invest in high quality debt and money market instruments with high liquidity and seeks to generate accrual income with low volatility. Nature: Liquid Fund Monthly Avg AUM: ` 12, Crores Month end AUM: ` 10, Crores Date: 2 July 2001 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Standard Deviation (Annualized) 0.16% Modified Duration 35 Days Average Maturity 35 Days Yield to Maturity 6.35% Asset Quality AAA Equivalent 99.95% AA+ 0.05% Regular 0.18% Direct 0.10% Benchmark: CRISIL Liquid SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic Exit Load: Nil Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Periodic Regular Plan Dividend Monthly Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Monthly Direct Plan Dividend Weekly Direct Plan Dividend Periodic Rating % of NAV Commercial Paper 77.06% Reliance Industries A % Indiabulls Housing Finance A % Tata Steel A % Aditya Birla Finance A % Tata Capital Housing Finance A % Adani Ports and Special Economic Zone A % Bharti Airtel A % NABARD A % Reliance Jio Infocomm A % HDFC A % Vedanta A % Sheba Properties (Tata Motors Finance*) A % India Infoline Housing Finance A % Piramal Finance Private A % Tata Capital Financial Services A % M&M Financial Services A % IIFL Wealth Finance A % Godrej Industries A % Kotak Securities A % Kotak Mahindra Investments A % Piramal Enterprises A % Housing & Urban Development Corporation A % GIC Housing Finance A % Shriram City Union Finance A % JM Financial Services A % JM Financial Credit Solution A % CESC A % Export Import Bank of India A % Tata Power Company A % Rating % of NAV Coromandel International A % Chennai Petroleum Corporation A % ICICI Securities A % Tata Housing Development Co A % Afcons Infrastructure A % Aditya Birla Fashion and Retail A % Indian Railway Finance Corp A % India Infoline Finance A % Mahindra Rural Housing Finance A % Tube Investments of India A % L&T Finance A % Turquoise Invest & Finance Pvt A % Treasury Bill 30.01% 77 Days CMB (MD 16/08/2017) SOV 18.91% 35 Days CMB (MD 16/06/2017) SOV 5.75% 182 Days Tbill (MD 15/06/2017) SOV 5.21% 182 Days Tbill (MD 13/07/2017) SOV 0.14% Certificate of Deposit 9.69% ICICI Bank A % Kotak Mahindra Bank A % HDFC Bank A % Axis Bank A % Corporate Bond 0.43% HDFC AAA 0.24% LIC Housing Finance AAA 0.09% Tata Capital Housing Finance AA+ 0.05% Power Finance Corporation AAA 0.05% Net Current Asset % * - As per Scheme of arrangement dated 22nd November 2016, Company will be subsequently renamed as Tata Motors Finance Ltd. will be at Low Risk To generate short term optimal returns with high liquidity. Investments in high quality money market and debt instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Cash Fund - Regular Plan % 7.97% 8.46% 7.96% 10,693 12,592 15,013 19,921 Growth* Crisil Liquid # 6.96% 7.89% 8.27% 7.62% 10,696 12,562 14,879 19,362 1 Year T-Bill ## 7.20% 7.62% 7.38% 6.48% 10,720 12,471 14,281 17,595 IDFC Cash Fund - Direct Plan % 8.04% NA 8.44% 10,702 12,618 NA 14,298 Growth $ Crisil Liquid # 6.96% 7.89% NA 8.32% 10,696 12,562 NA 14,229 1 Year T-Bill ## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jun 04, $ Direct Plan - Growth Jan 01,

24 IDFC Ultra Short Term Fund An Open Ended Income Fund About the Fund: The Fund aims to invest in high quality debt and money market instruments and seeks to generate returns predominantly through accrual income. Nature: Income Fund Monthly Avg AUM: ` 5, Crores Month end AUM: ` 5, Crores Date: 17 January 2006 Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015) Standard Deviation (Annualized) 0.76% Modified Duration 289 Days Average Maturity 334 Days Yield to Maturity 6.88% Asset Quality AAA Equivalent 84.80% AA+ 9.64% AA 5.56% Regular 0.37% Direct 0.22% Benchmark: CRISIL Liquid SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly & Periodic Exit Load: Nil ( 29th June 2012) Rating % of NAV CBLO 14.03% Clearing Corporation of India 14.03% Corporate Bond 42.88% HDFC AAA 7.65% Cholamandalam Invt and Fin Co AA 4.78% L&T Infrastructure Finance Co AA+ 4.22% Power Finance Corporation AAA 3.56% LIC Housing Finance AAA 3.45% NABARD AAA 2.82% Rural Electrification Corporation AAA 2.17% Tata Capital AA+ 1.87% Shriram Transport Finance Company AA+ 1.87% Kotak Mahindra Prime AAA 1.86% HDB Financial Services AAA 1.41% Small Industries Dev Bank of India AAA 1.22% M&M Financial Services AAA 0.94% Kotak Mahindra Investments AAA 0.93% Tata Motors AA 0.78% Tata Motors AA+ 0.74% Export Import Bank of India AAA 0.72% Power Grid Corporation of India AAA 0.48% L&T Finance AA+ 0.47% NTPC AAA 0.47% Bajaj Finance AA+ 0.47% Commercial Paper 23.56% Hindustan Zinc A % Vedanta A % Tata Power Company A % Godrej Industries A % Tata Housing Development Co A % Ashok Leyland A % Indian Railway Finance Corp A % Export Import Bank of India A % Rating % of NAV Godrej Consumer Products A % Power Finance Corporation A % Aditya Birla Fashion and Retail A % State Government Bond 10.13% 8.39% Rajasthan UDAY BOND (MD 15/03/2018) 8.39% Rajasthan UDAY BOND (MD 15/03/2022) 8.21% Haryana UDAY BOND (MD 31/03/2022) 7.67% Tamilnadu UDAY BOND (MD 22/03/2023) 8.24% Tamilnadu UDAY BOND (MD 22/03/2028) 8.04% Tamilnadu UDAY BOND (MD 22/03/2029) 7.9% Tamilnadu UDAY BOND (MD 22/03/2027) 7.68% Tamilnadu UDAY BOND (MD 22/03/2026) 8.21% Rajasthan UDAY BOND (MD 31/03/2020) SOV 6.31% SOV 2.89% SOV 0.67% SOV 0.19% SOV 0.01% SOV 0.01% SOV 0.01% SOV 0.01% SOV 0.01% Certificate of Deposit 6.46% HDFC Bank A % Axis Bank A % ICICI Bank A % IndusInd Bank A % Treasury Bill 3.74% 91 Days Tbill (MD 17/08/2017) SOV 1.90% 77 Days CMB (MD 16/08/2017) SOV 1.83% Government Bond 1.01% 8.20% G-Sec SOV 0.59% 8.15% G-Sec SOV 0.29% 7.8% G-Sec SOV 0.10% 8.27% G-Sec SOV 0.04% Net Current Asset -1.80% Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Daily Regular Plan Dividend Periodic Regular Plan Dividend Weekly Regular Plan Dividend Monthly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Periodic Direct Plan Dividend Weekly Direct Plan Dividend Monthly Direct Plan Dividend Quarterly will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Ultra Short Term Fund % 8.63% 9.08% 7.72% 10,829 12,826 15,446 23,300 Regular Plan - Growth* Crisil Liquid 6.96% 7.89% 8.27% 7.47% 10,696 12,562 14,879 22,700 1 Year T-Billl ## 7.20% 7.62% 7.38% 6.28% 10,720 12,471 14,281 19,986 IDFC Ultra Short Term Fund % 8.80% NA 9.09% 10,845 12,884 NA 14,680 Direct Plan - Growth $ Crisil Liquid Direct # 6.96% 7.89% NA 8.32% 10,696 12,562 NA 14,229 1 Year T-Bill ## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jan 17, $ Direct Plan - Growth Jan 01,

25 IDFC Money Manager Fund Investment Plan An Open Ended Income Fund About the Fund: The Fund will invest in high quality money market and debt instruments and is positioned to have around 3 year roll down maturity strategy (the average maturity of the fund will keep coming down) from February-March 2015 onwards to help manage the reinvestment risk of the portfolio. Nature: Debt Monthly Avg AUM: ` 1, Crores Month end AUM: ` 1, Crores Date: 9 August 2004 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) Standard Deviation (Annualized) 1.01% Modified Duration 0.67 years Average Maturity 0.74 years Yield to Maturity 6.97% Asset Quality AAA Equivalent 98.62% AA+ 1.38% Regular 0.46% Direct 0.25% Benchmark: CRISIL AAA Short Term Index (w.e.f. 26th September 2016) SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Rating % of NAV CBLO 3.11% Clearing Corporation of India 3.11% Corporate Bond 84.75% Power Finance Corporation AAA 11.74% Kotak Mahindra Prime AAA 11.50% HDFC AAA 9.56% Rural Electrification Corporation AAA 9.03% NABARD AAA 8.21% Sun Pharma Laboratories AAA 6.83% Kotak Mahindra Investments AAA 5.46% Small Industries Dev Bank of India AAA 4.68% LIC Housing Finance AAA 4.11% National Housing Bank AAA 2.74% HDB Financial Services AAA 2.24% Bajaj Finance AAA 1.93% M&M Financial Services AAA 1.92% Export Import Bank of India AAA 1.50% Bajaj Finance AA+ 1.38% Indian Railway Finance Corp AAA 1.11% Power Grid Corporation of India AAA 0.83% Commercial Paper 6.63% Indian Railway Finance Corp A % Export Import Bank of India A % Bajaj Finance A % Certificate of Deposit 3.69% NABARD A % Yes Bank A % Net Current Asset 1.82% Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly, Annual & Periodic Exit Load: For all investment including SIP/Micro SIP/STP shall be 0.25% of the applicable NAV if redeemed / switched out within One Month from the date of allotment. (w.e.f March 01st, 2011) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Monthly Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Quarterly Regular Plan Dividend Periodic Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend Monthly Direct Plan Dividend Daily Direct Plan Dividend Weekly Direct Plan Dividend Periodic Direct Plan Dividend Quarterly will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Money Manager Fund Investment 8.42% 8.56% 8.78% 7.68% 10,842 12,801 15,232 25,805 Plan - Regular Plan - Growth* CRISIL AAA Short Term Bond Index # 8.51% 8.92% 9.26% 8.32% 10,851 12,929 15,572 27,864 CRISIL 1 Year T-Bill ## 7.20% 7.62% 7.38% 6.05% 10,720 12,471 14,281 21,238 IDFC Money Manager Fund Investment 8.63% 8.77% NA 8.87% 10,863 12,874 NA 14,549 Plan - Direct Plan - Growth $ CRISIL AAA Short Term Bond Index # 8.51% 8.92% NA 8.98% 10,851 12,929 NA 14,615 CRISIL 1 Year T-Bill ## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th September 2015) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Aug 09, $ Direct Plan - Growth Jan 01,

26 IDFC Money Manager Fund Treasury Plan An Open Ended Income Fund About the Fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income. Nature: Debt Monthly Avg AUM: ` 1, Crores Month end AUM: ` 1, Crores Date: 18 February 2003 Fund Manager: Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 2017) Standard Deviation (Annualized) 0.85% Modified Duration 374 Days Average Maturity 440 Days Yield to Maturity 7.09% Asset Quality AAA Equivalent 77.52% AA % AA 8.72% Regular 1.07% Direct 0.52% Benchmark: CRISIL Liquid (w.e.f 23rd July, 2015) SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic Exit Load: Nil Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Monthly Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Monthly Direct Plan Dividend Daily Direct Plan Dividend Weekly Direct Plan Dividend Periodic NA Rating % of NAV CBLO 6.03% Clearing Corporation of India 6.03% Corporate Bond 44.06% LIC Housing Finance AAA 5.52% Tata Motors AA+ 5.27% JM Financial Products AA 5.24% HDFC AAA 4.51% Power Finance Corporation AAA 4.50% HDB Financial Services AAA 3.95% L&T Finance AA+ 2.63% Tata Capital Financial Services AA+ 2.62% Kotak Mahindra Prime AAA 2.62% Cholamandalam Invt and Fin Co AA 2.12% Sundaram BNP Paribas Home Finance AA+ 1.84% Tata Motors AA 1.37% L&T Infrastructure Finance Co AA+ 1.32% Power Grid Corporation of India AAA 0.27% NHPC AAA 0.26% Tata Capital Housing Finance AA+ 0.04% Commercial Paper 16.72% CESC A % Shapoorji Pallonji and Company Private A % Aditya Birla Fashion and Retail A % Power Finance Corporation A % Vedanta A % Rating % of NAV Afcons Infrastructure A % Piramal Finance Private A % State Government Bond 15.26% 8.39% Rajasthan UDAY BOND (MD 15/03/2018) 8.39% Rajasthan UDAY BOND (MD 15/03/2022) 8.60% Tamil Nadu SDL (MD 06/03/2023) 8.21% Haryana UDAY BOND (MD 31/03/2022) 8.39% Rajasthan UDAY BOND (MD 15/03/2019) 7.38% Maharashtra SDL UDAY BOND (MD 10/02/2022) 8.36% Maharashtra SDL (MD 27/01/2026) SOV 6.09% SOV 2.71% SOV 1.93% SOV 1.35% SOV 1.33% SOV 1.31% SOV 0.55% Certificate of Deposit 10.36% Yes Bank A % ICICI Bank A % HDFC Bank A % Treasury Bill 5.16% 77 Days CMB (MD 16/08/2017) SOV 5.16% Government Bond 0.55% 8.15% G-Sec SOV 0.55% Zero Coupon Bond 0.04% Aditya Birla Finance AA+ 0.04% Net Current Asset 1.81% will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Money Manager Fund - Treasury 7.44% 8.01% 8.19% 6.85% 10,744 12,605 14,829 25,769 Plan - Regular Plan - Growth* Crisil Liquid # 6.96% 7.89% 8.27% 6.84% 10,696 12,562 14,879 25,743 1 Year T-Bill ## 7.20% 7.62% 7.38% 5.95% 10,720 12,471 14,281 22,827 IDFC Money Manager Fund - Treasury 8.05% 8.66% NA 8.89% 10,805 12,834 NA 14,561 Plan - Direct Plan - Growth $ Crisil Liquid # 6.96% 7.89% NA 8.32% 10,696 12,562 NA 14,229 1 Year T-Bill ## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 2017) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Feb 18, $ Direct Plan - Growth Jan 01,

27 IDFC Banking Debt Fund (The Fund shall be repositioned as IDFC Banking & PSU Debt Fund with effect from June 12, 2017) $$ An Open Ended Income Fund About the Fund: A dedicated Bank CD fund which seeks to benefit fromthe seasonality of money market rates. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 7 March 2013 Fund Manager: Mr. Anurag Mittal (w.e.f. 15th May 2017) Standard Deviation (Annualized) 0.36% Modified Duration 105 days Average Maturity 105 days Rating % of NAV CBLO 29.67% Clearing Corporation of India 29.67% Treasury Bill 38.27% 77 Days CMB (MD 16/08/2017) SOV 35.30% 91 Days Tbill (MD 22/06/2017) SOV 2.97% Certificate of Deposit 32.08% Yes Bank A % IndusInd Bank A % Axis Bank A % NABARD A % Net Current Asset -0.02% Yield to Maturity 6.39% Asset Quality A1+ Equivalent % Regular 0.32% Direct 0.22% Benchmark: CRISIL Liquid (w.e.f. 30th November 2015) SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic Exit Load: All Investment including SIP/Micro SIP/ STP/FOF if redeemed/ switched out within 7 days from the date of allotment 0.15%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Fortnightly Regular Plan Dividend Daily Regular Plan Dividend Monthly Regular Plan Dividend Quarterly Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Fortnightly Direct Plan Dividend Daily Direct Plan Dividend Monthly Direct Plan Dividend Quarterly will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities issued by scheduled Commercial banks. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Banking Debt Fund - Regular 6.83% 8.03% NA 8.38% 10,683 12,614 NA 14,061 Plan - Growth* CRISIL Liquid # 6.96% 7.89% NA 8.33% 10,696 12,562 NA 14,032 1 Year T-Bill ## 7.20% 7.62% NA 7.27% 10,720 12,471 NA 13,460 IDFC Banking Debt Fund - Direct Plan 6.94% 8.15% NA 8.50% 10,694 12,654 NA 14,126 - Growth $ CRISIL Liquid # 6.96% 7.89% NA 8.33% 10,696 12,562 NA 14,032 1 Year T-Bill ## 7.20% 7.62% NA 7.27% 10,720 12,471 NA 13,460 The fund is being managed by Mr. Anurag Mittal (w.e.f. 15th May 2017) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Mar 07, $ Direct Plan - Growth Mar 07, $$ For details please refer Notice ( IDFC-Banking-Debt-Fund.pdf) 25

28 IDFC Super Saver Income Fund Short Term An Open Ended Income Fund About the Fund: A Short Term Income Fund, the portfolio is mostly a mix of short duration debt and money market instruments. The average portfolio maturity will not ordinarily exceed around 2 years. Nature: Debt Monthly Avg AUM: ` 5, Crores Month end AUM: ` 5, Crores Date: 14 December 2000 Fund Manager: Mr. Suyash Choudhary ( 11th March 2011) Standard Deviation (Annualized) 1.36% Modified Duration 1.80 years Average Maturity 2.13 years Yield to Maturity 7.32% Asset Quality AAA Equivalent 92.31% AA+ 7.69% Regular 0.77% Direct 0.25% Benchmark: CRISIL AAA Short Term Index (w.e.f. 26th September 2016) SIP (Minimum Amount): ` 1000/- Rating % of NAV CBLO 0.42% Clearing Corporation of India 0.42% Corporate Bond 96.05% HDFC AAA 12.66% NABARD AAA 11.58% Power Finance Corporation AAA 10.32% Power Grid Corporation of India AAA 9.69% LIC Housing Finance AAA 9.39% Bajaj Finance AA+ 7.13% Kotak Mahindra Prime AAA 6.80% Indian Railway Finance Corp AAA 5.05% UltraTech Cement AAA 4.65% Rural Electrification Corporation AAA 4.31% National Highways Auth Of Ind AAA 3.64% Small Industries Dev Bank of India AAA 3.25% Reliance Jio Infocomm AAA 1.87% NLC India AAA 1.31% HDB Financial Services AAA 1.02% Bajaj Finance AAA 0.93% Export Import Bank of India AAA 0.93% NTPC AAA 0.93% M&M Financial Services AA+ 0.56% HDFC Bank AAA 0.03% Net Current Asset 3.53% SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Fortnightly (Payout & Reinvestment), Monthly & Periodic Exit Load: Nil (w.e.f. 23rd May 2016) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Monthly Regular Plan Dividend Fortnightly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Monthly Direct Plan Dividend Fortnightly Direct Plan Dividend Periodic will be at Moderately Low Risk To generate optimal returns over short to medium term. Investments in good quality fixed income & Money Market securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Super Saver Income Fund 7.94% 8.45% 8.61% 7.66% 10,794 12,762 15,117 33,720 Short Term - Regular Plan - Growth* CRISIL AAA Short Term Bond Index # 8.51% 8.92% 9.26% NA 10,851 12,929 15,572 NA CRISIL 1 Year T-Bill ## 7.20% 7.62% 7.38% 6.32% 10,720 12,471 14,281 27,437 IDFC Super Saver Income Fund 8.54% 9.11% NA 9.16% 10,854 12,994 NA 14,725 Short Term - Direct Plan - Growth $ CRISIL AAA Short Term Bond Index # 8.51% 8.92% NA 8.98% 10,851 12,929 NA 14,615 CRISIL 1 Year T-Bill ## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Suyash Choudhary ( 11th March 2011) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Dec 14, $ Direct Plan - Growth Jan 01,

29 IDFC Corporate Bond Fund An Open Ended Income Fund About the Fund: The fund focuses on delivering returns through investment in the corporate bond segment. The fund will not have weighted average portfolio maturity of more than 5 years and shall not invest in G Secs. Nature: Open Ended Income Fund Monthly Avg AUM: ` 7, Crores Month end AUM: ` Crores Date: 12 January 2016 Fund Manager: Mr. Anurag Mittal (w.e.f. 12th January 2016) Standard Deviation (Annualized) 2.64% Modified Duration 2.43 years Average Maturity 2.92 years Yield to Maturity 7.44% Asset Quality AAA Equivalent % Regular 0.51% Direct 0.22% Benchmark: CRISIL Short Term Bond SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Dividend-Monthly, Quarterly, Half Yearly, Annual & Periodic Rating % of NAV CBLO 0.99% Clearing Corporation of India 0.99% Corporate Bond 95.97% Power Finance Corporation AAA 11.66% Rural Electrification Corporation AAA 10.33% LIC Housing Finance AAA 8.98% HDFC AAA 8.49% HDB Financial Services AAA 6.27% Indian Railway Finance Corp AAA 5.84% Power Grid Corporation of India AAA 5.32% NABARD AAA 5.22% M&M Financial Services AAA 5.05% Export Import Bank of India AAA 4.40% Bajaj Finance AAA 3.84% Larsen & Toubro AAA 3.35% Tata Sons AAA 2.86% UltraTech Cement AAA 2.35% NTPC AAA 2.30% Gruh Finance AAA 2.22% National Highways Auth Of Ind AAA 2.20% Reliance Jio Infocomm AAA 1.30% Mahindra Vehicle Mfg AAA 1.29% NHPC AAA 1.12% Reliance Industries AAA 0.93% Small Industries Dev Bank of India AAA 0.33% Axis Finance AAA 0.32% Zero Coupon Bond 0.47% M&M Financial Services AAA 0.40% Kotak Mahindra Prime AAA 0.07% Net Current Asset 2.57% Exit Load: Nil Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Periodic - Regular Plan Dividend Monthly Regular Plan Dividend Half Yearly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Periodic - Direct Plan Dividend Monthly Direct Plan Dividend Quarterly Direct Plan Dividend Annual Investors understand that their principal will be at Moderate risk To generate long term optimal returns by active management. Investment in corporate bonds & money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Corporate Bond Fund - Regular 9.39% NA NA 9.20% 10,939 NA NA 11,294 Plan - Growth* CRISIL Short Term Bond # 8.82% NA NA 8.88% 10,882 NA NA 11,249 1 Year T-Bill ## 7.20% NA NA 6.83% 10,720 NA NA 10,957 IDFC Corporate Bond Fund - Direct 9.77% NA NA 9.57% 10,977 NA NA 11,347 Plan - Growth $ CRISIL Short Term Bond # 8.82% NA NA 8.88% 10,882 NA NA 11,249 1 Year T-Bill ## 7.20% NA NA 6.83% 10,720 NA NA 10,957 The fund is being managed by Mr. Anurag Mittal (w.e.f 12th January 2016) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jan 12, $ Direct Plan - Growth Jan 12,

30 IDFC Credit Opportunities Fund An Open Ended Debt Fund About the Fund: IDFC Credit opportunities fund aims to provide an optimal risk-reward profile to investors by focusing on companies with well-run management and evolving business prospects or good businesses with improving financial profile. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 03 March 2017 Fund Manager: Mr. Arvind Subramanian and (w.e.f. 03 rd March 2017) Khushboo Sharma (w.e.f. 15th May 2017) Modified Duration 2.80 years Average Maturity 3.45 years Yield to Maturity 8.17% Asset Quality AAA Equivalent 25.59% AA 46.39% AA % AA- 5.07% Regular 1.23% Direct 0.32% Benchmark: 80% CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Rating % of NAV CBLO 2.09% Clearing Corporation of India 2.09% Corporate Bond 86.89% JM Financial Products AA 6.70% Tata Housing Development Co AA 6.69% Tata Power Company AA 5.94% IndusInd Bank AA 5.78% Indiabulls Housing Finance AAA 5.78% HDFC AAA 5.76% Idea Cellular AA+ 5.69% Hindalco Industries AA- 5.07% Vodafone Mobile Services AA 4.85% HDFC Bank AA+ 4.82% Afcons Infrastructure AA 4.81% Tata Power Renewable Energy AA(SO) 4.78% ICICI Bank AA+ 3.86% Tata Motors AA+ 3.82% Tata Steel AA 2.97% Mahindra Rural Housing Finance AA+ 2.87% Reliance Jio Infocomm AAA 1.96% Power Finance Corporation AAA 1.90% Axis Bank AA+ 1.90% Cholamandalam Invt and Fin Co AA 0.96% State Government Bond 4.97% 8.39% Rajasthan UDAY BOND(MD 15/03/2023) SOV 4.97% Zero Coupon Bond 2.91% Aditya Birla Fashion and Retail AA 2.91% Commercial Paper 1.84% Shapoorji Pallonji and Company Private A % Net Current Asset 1.30% # Basel III, Tier 1 Perpetual Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility) Exit Load: 10% of investment : Nil Remaining investment : 1% if redeemed/switched out within 12 months from the date of allotment Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Periodic Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Periodic Direct Plan Dividend Annual Direct Plan Dividend Half Yearly Direct Plan Dividend Quarterly will be at Moderate risk To generate optimal returns over medium term. To predominantly invest in a portfolio of corporate debt securities across the credit spectrum. *Investors should consult their financial advisers if in doubt about whether the product is suitable 28

31 IDFC Super Saver Income Fund Medium Term An Open Ended Income Fund About the Fund: The fund is positioned in the short term fund category and invests in a mix of debt and money market instruments. The overall average maturity of the fund will ordinarily not exceed around 4 years. MT is best suited for investors who want moderate participation. The around 4 year average maturity cap makes the fund well suited to offer lower volatility yet benefit from potential fall in interest rates. Nature: Debt Monthly Avg AUM: ` 4, Crores Month end AUM: ` 4, Crores Date: 8 July 2003 Fund Manager: Mr. Suyash Choudhary (w.e.f. 15th September 2015) Standard Deviation (Annualized) 2.17% Modified Duration 2.42 years Average Maturity 3.00 years Yield to Maturity 7.35% Asset Quality AAA Equivalent 98.89% AA+ 1.11% Regular 1.34% Direct 0.70% Benchmark: CRISIL Short Term Bond SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Fortnightly (Payout & Reinvestment), Monthly, Bi - Monthly (once in two months), Quarterly & Periodic Exit Load: 0.50% if redeemed/switched-out within 6 (six) months from the date of allotment (w.e.f. 11th May 2017) Rating % of NAV CBLO 0.12% Clearing Corporation of India 0.12% Corporate Bond 56.67% HDFC AAA 12.77% LIC Housing Finance AAA 11.46% Kotak Mahindra Prime AAA 10.44% Power Finance Corporation AAA 8.80% Rural Electrification Corporation AAA 3.66% Small Industries Dev Bank of India AAA 2.85% Power Grid Corporation of India AAA 2.15% Bajaj Finance AAA 1.28% Bajaj Finance AA+ 1.11% Export Import Bank of India AAA 0.78% ICICI Bank AAA 0.59% Indian Railway Finance Corp AAA 0.37% HDFC Bank AAA 0.24% NABARD AAA 0.12% HDB Financial Services AAA 0.04% State Government Bond 22.75% 8.39% Rajasthan UDAY BOND (MD 15/03/2019) 8.39% Rajasthan UDAY BOND (MD 15/03/2023) 8.21% Haryana UDAY BOND (MD 31/03/2023) 7.38% Maharashtra SDL UDAY BOND (MD 10/02/2022) 7.63% Telangana UDAY BOND (MD 07/03/2023) 8.64% Uttar Pradesh UDAY BOND (MD 10/03/2023) 8.39% Rajasthan UDAY BOND (MD 15/03/2022) 7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 5.67% SOV 4.62% SOV 2.63% SOV 1.73% SOV 1.23% SOV 1.22% SOV 1.20% SOV 1.17% 8.25% Uttar Pradesh UDAY BOND (MD 02/06/2023) 8.44% Uttar Pradesh UDAY BOND (MD 29/03/2023) 7.77% Tamilnadu UDAY BOND (MD 22/02/2023) Rating % of NAV SOV 0.67% SOV 0.63% SOV 0.23% 7.71% Gujarath SDL (MD 01/03/2027) SOV 0.23% 7.75% Tamil Nadu UDAY BOND (MD 22/02/2023) SOV 0.23% 7.9% Tamilnadu UDAY BOND (MD 22/03/2027) SOV 0.22% 7.67% Tamilnadu UDAY BOND (MD 22/03/2023) SOV 0.22% 7.68% Tamilnadu UDAY BOND (MD 22/03/2026) SOV 0.22% 8.51% Uttar Pradesh UDAY BOND (MD 21/03/2023) SOV 0.22% 7.91% Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV 0.13% 7.68% Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV 0.13% 7.69% Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV 0.13% Government Bond 13.05% 8.20% G-Sec SOV 10.11% 8.15% G-Sec SOV 2.31% 7.16% G-Sec SOV 0.63% Commercial Paper 2.79% Kotak Mahindra Prime A % Zero Coupon Bond 0.71% Bajaj Finance AAA 0.71% Certificate of Deposit 0.02% Kotak Mahindra Bank A % Net Current Asset 3.90% Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend BiMonthly Regular Plan Dividend Fortnightly Regular Plan Dividend Monthly Regular Plan Dividend Daily Regular Plan Dividend Quarterly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend BiMonthly Direct Plan Dividend Fortnightly Direct Plan Dividend Monthly Direct Plan Dividend Quarterly Direct Plan Dividend Daily Direct Plan Dividend Periodic Investors understand that their principal will be at Moderate risk To generate optimal returns over short to medium term. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 S IDFC Super Saver Income Fund - Medium 9.16% 8.92% 8.60% 7.69% 10,916 12,928 15,109 28,015 Term Plan - Regular Plan - Growth* CRISIL Short Term Bond # 8.82% 9.07% 9.06% 7.27% 10,882 12,980 15,435 26,551 1 Year T-Bill ## 7.20% 7.62% 7.38% 5.93% 10,720 12,471 14,281 22,295 IDFC Super Saver Income Fund - Medium 9.86% 9.61% NA 9.09% 10,986 13,174 NA 14,684 Term Plan - Direct Plan - Growth $ CRISIL Short Term Bond # 8.82% 9.07% NA 9.04% 10,882 12,980 NA 14,653 1 Year T-Bill ## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Suyash Choudhary (w.e.f. 15th September 2015) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jul 08, $ Direct Plan - Growth Jan 01,

32 IDFC Super Saver Income Fund Investment Plan An Open Ended Income Fund About the Fund: An actively managed bond fund which seeks to invest in highly rated money market and debt instruments (including government securities) and aims to generate stable long term returns through mix of accrual income and capital appreciation. Nature: Debt Monthly Avg AUM: ` 1, Crores Month end AUM: ` 1, Crores Date: 14 July 2000 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Standard Deviation (Annualized) 6.06% Modified Duration 5.50 years Average Maturity 7.70 years Yield to Maturity 7.47% Asset Quality AAA Equivalent % Regular 1.79% Direct 0.44% Benchmark: CRISIL Composite Bond SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly, Half Yearly, Annual & Periodic Exit Load: If redeemed/switched out within 365 days from the date of allotment: For 10% of investment : Nil, For remaining investment : 1% If redeemed/switched out after 365 days from the date of allotment: Nil Rating % of NAV CBLO 0.59% Clearing Corporation of India 0.59% State Government Bond 46.94% 8.21% Haryana UDAY BOND (MD 31/03/2023) 8.39% Rajasthan UDAY BOND (MD 15/03/2023) 8.39% Rajasthan UDAY BOND (MD 15/03/2022) SOV 4.82% SOV 3.72% SOV 3.54% 7.74% Tamilnadu SDL (MD 01/03/2027) SOV 3.31% 8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 3.21% 7.59% Karnataka SDL (MD 29/03/2027) SOV 2.84% 8.64% Uttar Pradesh UDAY BOND (MD 10/03/2023) SOV 2.70% 7.62% Tamilnadu SDL (MD 29/03/2027) SOV 2.43% 8.27% Gujarat SDL (MD 13/01/2026) SOV 2.04% 7.75% Karnatak SDL (MD 01/03/2027) SOV 1.89% 8.21% Rajasthan UDAY BOND(MD 31/03/2023) SOV 1.61% 7.85% Tamilnadu SDL (MD 15/03/2027) SOV 1.60% 7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 1.50% 8.25% Uttar Pradesh UDAY BOND (MD 02/06/2023) SOV 1.45% 8.44% Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV 1.22% 7.71% Gujarath SDL (MD 01/03/2027) SOV 1.18% 7.63% Telangana UDAY BOND (MD 07/03/2023) SOV 1.16% 7.9% Tamilnadu UDAY BOND (MD 22/03/2027) SOV 1.02% 7.67% Tamilnadu UDAY BOND (MD 22/03/2023) SOV 1.01% 7.68% Tamilnadu UDAY BOND (MD 22/03/2026) SOV 1.01% 7.52% Gujarat SDL (MD 24/05/2027) SOV 0.55% 8.51% Uttar Pradesh UDAY BOND (MD 21/03/2023) SOV 0.49% 7.91% Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV 0.41% Rating % of NAV 7.68% Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV 0.41% 7.69% Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV 0.41% 7.86% Karnataka SDL (MD 15/03/2027) SOV 0.37% 8.47% Maharashtra SDL (MD 10/02/2026) SOV 0.25% 8.52% Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV 0.24% 8.36% Maharashtra SDL (MD 27/01/2026) SOV 0.12% 8.27% Telangana UDAY BOND (MD 07/03/2028) SOV 0.06% 8.04% Telangana UDAY BOND (MD 07/03/2031) SOV 0.06% 8.08% Telangana UDAY BOND (MD 07/03/2029) SOV 0.06% 7.98% Telangana UDAY BOND (MD 07/03/2030) SOV 0.06% 7.96% Telangana UDAY BOND (MD 07/03/2032) SOV 0.06% 7.87% Telangana UDAY BOND (MD 07/03/2024) SOV 0.06% 7.62% Telangana UDAY BOND (MD 07/03/2026) SOV 0.06% Government Bond 28.81% 7.16% G-Sec SOV 15.05% 8.20% G-Sec SOV 5.92% 7.68% G-Sec SOV 3.61% 7.35% G-Sec SOV 3.49% 7.88% G-Sec SOV 0.74% Corporate Bond 21.77% Indian Railway Finance Corp AAA 7.94% Export Import Bank of India AAA 3.90% NTPC AAA 3.80% Rural Electrification Corporation AAA 3.00% Power Finance Corporation AAA 2.30% Power Grid Corporation of India AAA 0.82% Net Current Asset 1.89% Plan Option Freq NAV Regular Plan Dividend Quarterly Regular Plan Growth Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Periodic NA Investors understand that their principal will be at Moderate risk To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Super Saver Income Fund 12.49% 10.59% 9.65% 8.69% 11,249 13,532 15,854 40,837 - Investment Plan - Regular Plan - Growth* CRISIL Composite Bond # 10.95% 10.67% 9.27% NA 11,095 13,562 15,583 NA 10 Year GOI ## 11.49% 10.69% 8.32% NA 11,149 13,568 14,915 NA IDFC Super Saver Income Fund % 11.52% NA 10.18% 11,363 13,879 NA 15,341 Investment Plan - Direct Plan - Growth $ CRISIL Composite Bond # 10.95% 10.67% NA 9.36% 11,095 13,562 NA 14, Year GOI ## 11.49% 10.69% NA 8.03% 11,149 13,568 NA 14,065 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jul 14, $ Direct Plan - Growth Jan 01,

33 IDFC Dynamic Bond Fund An Open Ended Income Fund About the Fund: The fund is positioned in the income fund category to take exposure across the curve depending upon the fund manager s underlying interest rate view where we employ the majority of the portfolio. It is a wide structure and conceptually can go anywhere on the curve. The fund plays the trade of the season which we think will sustain for a longer period of time. Nature: Debt Monthly Avg AUM: ` 4, Crores Month end AUM: ` 4, Crores Date: 25 June 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Standard Deviation (Annualized) 6.06% Modified Duration 5.41 years Average Maturity 7.52 years Yield to Maturity 7.44% Asset Quality AAA Equivalent % Regular 1.49% Direct 0.70% Benchmark: CRISIL Composite Bond SIP (Minimum Amount): ` 1000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly (March, June, September & December), Half Yearly, Annual, Regular & Periodic Exit Load: Nil (w.e.f. 17th October 2016) Rating % of NAV CBLO 0.19% Clearing Corporation of India 0.19% State Government Bond 44.60% 8.21% Haryana UDAY BOND (MD 31/03/2023) SOV 5.29% 8.39% Rajasthan UDAY BOND (MD 15/03/2023) SOV 4.06% 7.74% Tamilnadu SDL (MD 01/03/2027) SOV 3.41% 8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 3.26% 8.64% Uttar Pradesh UDAY BOND (MD 10/03/2023) SOV 2.89% 7.59% Karnataka SDL (MD 29/03/2027) SOV 2.80% 7.62% Tamilnadu SDL (MD 29/03/2027) SOV 2.34% 7.85% Tamilnadu SDL (MD 15/03/2027) SOV 1.70% 8.21% Rajasthan UDAY BOND (MD 31/03/2023) SOV 1.65% 7.75% Karnatak SDL (MD 01/03/2027) SOV 1.62% 8.25% Uttar Pradesh UDAY BOND (MD 02/06/2023) SOV 1.56% 7.71% Gujarath SDL (MD 01/03/2027) SOV 1.48% 8.44% Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV 1.27% 8.27% Gujarat SDL (MD 13/01/2026) SOV 1.27% 8.39% Rajasthan UDAY BOND (MD 15/03/2022) SOV 1.25% 7.63% Telangana UDAY BOND (MD 07/03/2023) SOV 1.19% 7.9% Tamilnadu UDAY BOND (MD 22/03/2027) SOV 1.00% 7.67% Tamilnadu UDAY BOND (MD 22/03/2023) SOV 0.99% 7.68% Tamilnadu UDAY BOND (MD 22/03/2026) SOV 0.76% 7.52% Gujarat SDL (MD 24/05/2027) SOV 0.66% 8.36% Maharashtra SDL (MD 27/01/2026) SOV 0.56% 8.51% Uttar Pradesh UDAY BOND (MD 21/03/2023) SOV 0.56% 7.91% Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV 0.43% 7.68% Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV 0.42% 7.69% Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV 0.42% Rating % of NAV 7.86% Karnataka SDL (MD 15/03/2027) SOV 0.37% 7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 0.36% 8.52% Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV 0.29% 8.47% Maharashtra SDL (MD 10/02/2026) SOV 0.26% 7.99% Uttar Pradesh SDL (MD 29/06/2026) SOV 0.06% 8.27% Telangana UDAY BOND (MD 07/03/2028) SOV 0.05% 8.04% Telangana UDAY BOND (MD 07/03/2031) SOV 0.05% 8.08% Telangana UDAY BOND (MD 07/03/2029) SOV 0.05% 7.96% Telangana UDAY BOND (MD 07/03/2032) SOV 0.05% 7.98% Telangana UDAY BOND (MD 07/03/2030) SOV 0.05% 7.87% Telangana UDAY BOND (MD 07/03/2024) SOV 0.05% 7.62% Telangana UDAY BOND (MD 07/03/2026) SOV 0.05% 8.07% Rajasthan SDL (MD 15/06/2026) SOV 0.03% 7.98% Haryana SDL (MD 29/06/2026) SOV 0.02% Government Bond 34.17% 7.16% G-Sec SOV 21.49% 8.20% G-Sec SOV 8.37% 7.68% G-Sec SOV 2.39% 7.35% G-Sec SOV 1.66% 7.88% G-Sec SOV 0.15% 8.12% G-Sec SOV 0.07% 8.27% G-Sec SOV 0.05% Corporate Bond 19.05% Indian Railway Finance Corp AAA 6.01% NTPC AAA 4.48% Export Import Bank of India AAA 3.77% Rural Electrification Corporation AAA 2.55% Power Finance Corporation AAA 1.49% Power Grid Corporation of India AAA 0.75% Net Current Asset 1.99% Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Half Yearly Direct Plan Dividend Periodic Investors understand that their principal will be at Moderate risk To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Dynamic Bond Fund - Regular 12.76% 10.85% 9.88% 8.73% 11,276 13,629 16,024 20,367 Plan - Growth* CRISIL Composite Bond # 10.95% 10.67% 9.27% 8.42% 11,095 13,562 15,583 19, Year GOI ## 11.49% 10.69% 8.32% 6.20% 11,149 13,568 14,915 16,672 IDFC Dynamic Bond Fund - Direct % 11.86% NA 10.47% 11,376 14,004 NA 15,520 Plan - Growth $ CRISIL Composite Bond # 10.95% 10.67% NA 9.36% 11,095 13,562 NA 14, Year GOI ## 11.49% 10.69% NA 8.03% 11,149 13,568 NA 14,065 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Dec 03, $ Direct Plan - Growth Jan 01,

34 IDFC Government Securities Fund Short Term Plan An Open Ended Dedicated Gilt Fund ` About the Fund: The fund is a mix of government bonds, state development loans (SDLs), treasury bills and/or cash management bills. The fund will predominantly invest at the shorter end of the sovereign yield curve. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 March 2002 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th May 2017) Other Parameter Asset Quality Standard Deviation (Annualized) 2.06% Sovereign % Regular 0.40% Modified Duration 2.50 years Direct 0.35% Average Maturity 3.00 years Yield to Maturity 6.76% Benchmark: I - Sec Si Bex (w.e.f. 30th November 2015) SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Weekly, Monthly, Quarterly & Periodic Exit Load: Nil. Yields for GSec/SDLs have been annualized wherever applicable. Plan Regular Plan Regular Plan Regular Plan Regular Plan Direct Plan Option Growth Dividend Dividend Dividend Growth Dividend Dividend Dividend Dividend Dividend Freq - Quarterly Annual Periodic - Quarterly Annual Periodic Periodic Periodic NAV Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Investors understand that their principal will be at Moderate risk This product is suitable for investors who are To generate short to medium term optimal returns. Investments in Government Securities and Treasury Bills. *Investors should consult their financial advisers if in doubt about whether the product is suitable Rating % of NAV CBLO 40.76% Clearing Corporation of India 40.76% Government Bond 98.67% 6.35% G-Sec SOV 49.40% 8.20% G-Sec SOV 37.36% 8.15% G-Sec SOV 7.47% 8.12% G-Sec SOV 2.97% 8.27% G-Sec SOV 1.48% Net Current Asset % Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Government Securities Fund 9.24% 9.84% 10.17% 5.96% 10,924 13,258 16,233 24,158 STP - Regular Plan - Growth* I-Sec Si-BEX # 7.92% 8.75% 8.54% NA 10,792 12,868 15,067 NA CRISIL 1 Year T-Bill ## 7.20% 7.62% 7.38% 5.96% 10,720 12,471 14,281 24,179 IDFC Government Securities Fund STP - Direct Plan - Growth $ 9.42% 10.00% NA 10.34% 10,942 13,316 NA 15,439 I-Sec Si-BEX # 7.92% 8.75% NA 8.41% 10,792 12,868 NA 14,280 CRISIL 1 Year T-Bil l## 7.20% 7.62% NA 7.31% 10,720 12,471 NA 13,652 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th May 2017). Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Mar 29, $ Direct Plan - Growth Jan 01, IDFC Government Securities Fund Provident Fund Plan An Open Ended Dedicated Gilt Fund About the Fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 29 March 2004 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Other Parameter Asset Quality Standard Deviation (Annualized) 6.64% Sovereign % Regular 0.76% Modified Duration 6.28 years Direct 0.27% Average Maturity 9.22 years Yield to Maturity 7.59% Benchmark: I-Sec Composite Index SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Quarterly, Annual & Periodic Exit Load: Nil (w.e.f. 11th December 2014). Yields for GSec/SDLs have been annualized wherever applicable. This product is suitable for investors who are Plan Regular Plan Regular Plan Regular Plan Regular Plan Direct Plan Direct Plan Direct Plan Direct Plan To generate optimal returns over short to medium term. Option Growth Dividend Dividend Dividend Growth Dividend Dividend Dividend Investments in Government Securities and Treasury Bills. Freq - Quarterly Annual Periodic - Quarterly Annual Periodic *Investors should consult their financial Investors understand that their advisers if in doubt about whether the NAV principal will be at Moderate risk product is suitable Rating % of NAV CBLO 1.65% Clearing Corporation of India 1.65% State Government Bond 77.17% 7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 18.35% 7.75% Karnatak SDL (MD 01/03/2027) SOV 8.44% 7.71% Gujarath SDL (MD 01/03/2027) SOV 6.24% 7.84% Maharashtra SDL(MD 13/07/2026) SOV 5.02% 8.27% Tamilnadu SDL (MD 13/01/2026) SOV 4.28% 8.27% Gujarat SDL (MD 13/01/2026) SOV 3.96% 7.62% Tamilnadu SDL (MD 29/03/2027) SOV 3.10% 7.86% Karnataka SDL (MD 15/03/2027) SOV 2.10% 8.27% Telangana UDAY BOND (MD 07/03/2028) SOV 2.04% 8.04% Telangana UDAY BOND (MD 07/03/2031) SOV 2.02% 8.21% Rajasthan UDAY BOND(MD 31/03/2023) SOV 2.02% 8.21% Haryana UDAY BOND(MD 31/03/2023) SOV 2.02% 7.98% Telangana UDAY BOND (MD 07/03/2030) SOV 2.01% 7.96% Telangana UDAY BOND (MD 07/03/2032) SOV 2.01% 7.87% Telangana UDAY BOND (MD 07/03/2024) SOV 1.98% 7.63% Telangana UDAY BOND (MD 07/03/2023) SOV 1.96% 7.62% Telangana UDAY BOND (MD 07/03/2026) SOV 1.95% Rating % of NAV 7.85% Tamilnadu SDL (MD 15/03/2027) SOV 1.68% 7.59% Karnataka SDL (MD 29/03/2027) SOV 1.45% 8.08% Telangana UDAY BOND (MD 07/03/2029) SOV 1.17% 8.44% Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV 0.75% 8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 0.42% 8.52% Uttar Pradesh UDAY BOND(MD 29/03/2022) SOV 0.32% 7.91% Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV 0.31% 7.9% Tamilnadu UDAY BOND (MD 22/03/2027) SOV 0.31% 7.67% Tamilnadu UDAY BOND (MD 22/03/2023) SOV 0.31% 7.68% Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV 0.31% 7.69% Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV 0.31% 8.47% Maharashtra SDL (MD 10/02/2026) SOV 0.22% 8.36% Maharashtra SDL (MD 27/01/2026) SOV 0.11% Government Bond 19.27% 7.59% G-Sec SOV 8.82% 7.16% G-Sec SOV 6.86% 7.35% G-Sec SOV 2.72% 7.88% G-Sec SOV 0.87% Net Current Asset 1.92% 32

35 IDFC Government Securities Fund Provident Fund Plan An Open Ended Dedicated Gilt Fund Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Government Securities Fund - PF Plan - Regular Plan - Growth* 14.43% 12.09% 11.00% 8.59% 11,443 14,093 16,854 29,634 I-Sec Composite Index # 10.35% 10.84% 9.79% 7.58% 11,035 13,625 15,959 26, Year GOI ## 11.49% 10.69% 8.32% 5.73% 11,149 13,568 14,915 20,850 IDFC Government Securities Fund - PF Plan - Direct Plan - Growth $ 14.83% 12.64% NA 11.32% 11,483 14,300 NA 16,055 I-Sec Composite Index # 10.35% 10.84% NA 9.50% 11,035 13,625 NA 14, Year GOI ## 11.49% 10.69% NA 8.03% 11,149 13,568 NA 14,065 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010). Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Mar 29, $ Direct Plan - Growth Jan 01, IDFC Government Securities Fund Investment Plan An Open Ended Dedicated Gilt Fund About the Fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 March 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Standard Deviation (Annualized) 6.55% Modified Duration 6.27 years Average Maturity 9.14 years Yield to Maturity 7.58% Asset Quality Sovereign % Regular 1.43% Direct 0.83% Benchmark: I-Sec Composite Index SIP (Minimum Amount): ` 1,000/- SIP Frequency: Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Investment Objective: Refer Pg No from 43 to 44 Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly, Half Yearly, Annual, Regular & Periodic Exit Load: Nil (w.e.f. 15th July 2011) Plan Option Freq NAV Regular Plan Dividend Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Periodic NA Investors understand that their principal will be at Moderate risk To generate long term optimal returns. Investments in Government Securities and Treasury Bills. *Investors should consult their financial advisers if in doubt about whether the product is suitable Rating % of NAV CBLO 0.52% Clearing Corporation of India 0.52% State Government Bond 74.08% 7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 15.55% 7.75% Karnatak SDL (MD 01/03/2027) SOV 8.78% 7.71% Gujarath SDL (MD 01/03/2027) SOV 5.61% 7.84% Maharashtra SDL(MD 13/07/2026) SOV 4.45% 8.27% Tamilnadu SDL (MD 13/01/2026) SOV 3.79% 8.27% Gujarat SDL (MD 13/01/2026) SOV 3.50% 7.62% Tamilnadu SDL (MD 29/03/2027) SOV 2.97% 8.21% Rajasthan UDAY BOND (MD 31/03/2023) 8.21% Haryana UDAY BOND (MD 31/03/2023) 8.27% Telangana UDAY BOND (MD 07/03/2028) 8.04% Telangana UDAY BOND (MD 07/03/2031) 7.98% Telangana UDAY BOND (MD 07/03/2030) 7.96% Telangana UDAY BOND (MD 07/03/2032) 7.87% Telangana UDAY BOND (MD 07/03/2024) 7.63% Telangana UDAY BOND (MD 07/03/2023) SOV 1.85% SOV 1.84% SOV 1.83% SOV 1.81% SOV 1.80% SOV 1.80% SOV 1.78% SOV 1.76% 7.74% Tamilnadu SDL (MD 01/03/2027) SOV 1.76% 7.81% Telangana UDAY BOND (MD 07/03/2027) 7.62% Telangana UDAY BOND (MD 07/03/2026) SOV 1.75% SOV 1.75% 7.59% Karnataka SDL (MD 29/03/2027) SOV 1.50% Performance Table Rating % of NAV 7.86% Karnataka SDL (MD 15/03/2027) SOV 1.42% 7.85% Tamilnadu SDL (MD 15/03/2027) SOV 1.31% 8.08% Telangana UDAY BOND (MD 07/03/2029) SOV 1.06% 7.9% Tamilnadu UDAY BOND (MD 22/03/2027) SOV 0.83% 7.67% Tamilnadu UDAY BOND (MD 22/03/2023) SOV 0.82% 7.68% Tamilnadu UDAY BOND (MD 22/03/2026) SOV 0.82% 8.44% Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV 0.65% 8.52% Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV 0.31% 8.47% Maharashtra SDL (MD 10/02/2026) SOV 0.24% 7.91% Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV 0.21% 7.68% Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV 0.21% 7.69% Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV 0.21% 8.36% Maharashtra SDL (MD 27/01/2026) SOV 0.11% 8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 0.02% Government Bond 23.74% 7.16% G-Sec SOV 11.60% 7.59% G-Sec SOV 8.37% 7.35% G-Sec SOV 2.55% 7.88% G-Sec SOV 0.77% 7.68% G-Sec SOV 0.46% Net Current Asset 1.66% Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Government Securities Fund 13.52% 11.28% 10.55% 8.60% 11,352 13,787 16,514 20,154 IP - Regular Plan - Growth* I-Sec Composite Index # 10.35% 10.84% 9.79% 8.34% 11,035 13,625 15,959 19,754 CRISIL 10 Year GOI ## 11.49% 10.69% 8.32% 6.20% 11,149 13,568 14,915 16,672 IDFC Government Securities Fund 14.13% 12.06% NA 10.89% 11,413 14,080 NA 15,780 IP - Direct Plan - Growth $ I-Sec Composite Index # 10.35% 10.84% NA 9.50% 11,035 13,625 NA 14,925 CRISIL 10 Year GOI ## 11.49% 10.69% NA 8.03% 11,149 13,568 NA 14,065 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 31/05/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Dec 03, $ Direct Plan - Growth Jan 01,

36 Performance Table Period Managing Benchmark Index Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Fund Manager : Mr. Anoop Bhaskar IDFC Classic Equity Fund S&P BSE % 20.99% 17.03% 12.15% 18.60% 15.76% IDFC Premier Equity Fund S&P BSE % 22.65% 18.23% 12.74% 21.23% 16.01% IDFC Sterling Equity Fund Nifty Free Float Midcap % 31.73% 21.32% 19.93% 21.57% 20.47% Mr. Anoop Bhaskar manages 4 schemes of IDFC Mutual Fund. Fund Manager : Mr. Anurag Mittal IDFC Monthly Income Plan CRISIL MIP Blended Index 13.73% 12.07% 11.26% 10.70% 11.49% 10.16% IDFC Cash Fund CRISIL Liquid 6.93% 6.96% 7.97% 7.89% 8.46% 8.27% IDFC Ultra Short Term Fund CRISIL Liquid 8.29% 6.96% 8.63% 7.89% 9.08% 8.27% IDFC Money Manager Fund Treasury Plan CRISIL Liquid 7.44% 6.96% 8.01% 7.89% 8.19% 8.27% IDFC Banking Debt Fund CRISIL Liquid 6.83% 6.96% 8.03% 7.89% NA NA IDFC Corporate Bond Fund CRISIL Short Term Bond 9.39% 8.82% NA NA NA NA Mr. Anurag Mittal manages 6 schemes of IDFC Mutual Fund. Fund Manager : Mr. Arpit Kapoor IDFC Equity Fund S&P BSE % 19.96% 10.05% 10.55% 14.44% 14.96% IDFC Dynamic Equity Fund CRISIL Balanced Fund Aggressive Index 9.09% 15.61% NA NA NA NA IDFC Nifty Fund Nifty % 17.91% 10.78% 9.97% 15.31% 14.33% IDFC Arbitrage Fund CRISIL Liquid 6.27% 6.96% 6.84% 7.89% 7.76% 8.27% IDFC Arbitrage Plus Fund CRISIL Liquid 6.57% 6.96% 6.67% 7.89% 7.51% 8.27% Mr. Arpit Kapoor manages 5 schemes of IDFC Mutual Fund. Fund Manager : Mr. Arvind Subramanian IDFC Dynamic Equity Fund CRISIL Balanced Fund Aggressive Index 9.09% 15.61% NA NA NA NA Mr. Arvind Subramanian manages 2 schemes of IDFC Mutual Fund. Fund Manager : Mr. Bhavin Patadia IDFC Asset Allocation Fund of Fund - Aggressive Plan IDFC Asset Allocation Fund of Fund - Conservative Plan IDFC Asset Allocation Fund of Fund - Moderate Plan CRISIL Balanced Fund Aggressive Index 16.93% 15.61% 12.66% 10.46% 12.83% 12.80% CRISIL MIP Blended Index 12.18% 12.07% 10.52% 10.70% 10.59% 10.16% CRISIL MIP Blended Index 14.02% 12.07% 11.59% 10.70% 11.68% 10.16% Mr. Bhavin Patadia manages 3 schemes of IDFC Mutual Fund. Fund Manager : Mr. Daylynn Pinto IDFC Tax Advantage (ELSS) Fund S&P BSE % 20.99% 19.87% 12.15% 22.88% 15.76% IDFC Sterling Equity Fund Nifty Free Float Midcap % 31.73% 21.32% 19.93% 21.57% 20.47% Mr. Daylynn Pinto manages 2 schemes of IDFC Mutual Fund. Fund Manager : Mr. Harshal Joshi IDFC Arbitrage Fund CRISIL Liquid 6.27% 6.96% 6.84% 7.89% 7.76% 8.27% IDFC Arbitrage Plus Fund CRISIL Liquid 6.57% 6.96% 6.67% 7.89% 7.51% 8.27% IDFC All Seasons Bond Fund CRISIL Short-Term Bond 8.59% 8.82% 8.80% 9.07% 8.76% 9.06% IDFC Government Securities Fund Short Term Plan I-Sec Si-BEX 9.24% 7.92% 9.84% 8.75% 10.17% 8.54% IDFC Cash Fund CRISIL Liquid 6.93% 6.96% 7.97% 7.89% 8.46% 8.27% IDFC Money Manager Fund Investment Plan IDFC Money Manager Fund Tresury Plan CRISIL AAA Short Term Bond Index 8.42% 8.51% 8.56% 8.92% 8.78% 9.26% Crisil Liquid 7.44% 6.96% 8.01% 7.89% 8.19% 8.27% Performance based on NAV as on 31/05/2017. Past Performance may or may not be sustained in future Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses, etc. The performance details provided herein are of regular plan. 34

37 Performance Table Period IDFC Yearly Series Interval Fund - Series II - Direct Plan - Growth 27 - Growth 27 - Direct Plan - Growth 66 - Growth 66 - Direct Plan - Growth 70 - Growth 70 - Direct Plan - Growth 74 - Growth 74 - Direct Plan - Growth 75 - Growth 75 - Direct Plan - Growth 77 - Growth 77 - Direct Plan - Growth 78 - Growth 78 - Direct Plan - Growth 79 - Growth 79 - Direct Plan - Growth 84 - Growth 84 - Direct Plan - Growth 86 - Growth 86 - Direct Plan - Growth 88 - Growth 88 - Direct Plan - Growth 91 - Growth 91 - Direct Plan - Growth 97 - Growth 97 - Direct Plan - Growth 99 - Growth 99 - Direct Plan - Growth Managing Benchmark Index CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Short-Term Bond Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) 7.54% 8.82% 8.52% 9.07% NA NA 7.36% 8.82% 8.40% 9.07% NA NA 7.47% 8.82% 8.52% 9.07% NA NA 8.26% 10.95% 8.28% 9.80% NA NA 8.65% 10.95% 8.70% 9.80% NA NA 8.13% 10.95% 8.19% 9.80% NA NA 8.47% 10.95% 8.62% 9.80% NA NA 8.32% 10.95% 8.36% 9.80% NA NA 8.69% 10.95% 8.77% 9.80% NA NA 8.29% 10.95% 8.34% 9.80% NA NA 8.64% 10.95% 8.74% 9.80% NA NA 8.33% 10.95% 8.45% 9.80% NA NA 8.67% 10.95% 8.75% 9.80% NA NA 8.26% 8.82% 8.52% 9.07% NA NA 8.44% 8.82% 8.72% 9.07% NA NA 8.32% 10.95% 8.36% 9.80% NA NA 8.66% 10.95% 8.77% 9.80% NA NA 8.28% 10.95% 8.36% 9.72% NA NA 8.63% 10.95% 8.67% 9.72% NA NA 8.23% 10.95% 8.26% 9.72% NA NA 8.58% 10.95% 8.63% 9.72% NA NA 8.38% 10.95% 8.48% 9.72% NA NA 8.73% 10.95% 8.76% 9.72% NA NA 8.70% 10.95% 8.77% 9.80% NA NA 8.73% 10.07% 8.85% 9.72% NA NA 7.25% 8.82% NA NA NA NA 7.71% 8.82% NA NA NA NA 7.71% 8.82% NA NA NA NA 7.82% 8.82% NA NA NA NA Performance based on NAV as on 31/05/2017. Past Performance may or may not be sustained in future Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses, etc. The performance details provided herein are of regular plan. 35

38 Performance Table Period Direct Plan - Growth Managing Benchmark Index CRISIL Composite Bond Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) 8.66% 10.95% NA NA NA NA Mr. Harshal Joshi manages 43 schemes of IDFC Mutual Fund. Fund Manager : Mr. Rajendra Kumar Mishra IDFC Infrastructure Fund Nifty Infrastructure 49.99% 16.69% 17.36% 0.53% 14.63% 8.00% Mr. Rajendra Kumar Mishra manages 1 scheme of IDFC Mutual Fund. Fund Manager : Mr. Sumit Agrawal IDFC Equity Fund S&P BSE % 19.96% 10.05% 10.55% 14.44% 14.96% IDFC Dynamic Equity Fund CRISIL Balanced Fund Aggressive Index 9.09% 15.61% NA NA NA NA IDFC Nifty Fund Nifty % 17.91% 10.78% 9.97% 15.31% 14.33% IDFC Focused Equity Fund Nifty % 17.91% 12.49% 9.97% 14.61% 14.33% IDFC Monthly Income Plan CRISIL MIP Blended Index 13.73% 12.07% 11.26% 10.70% 11.49% 10.16% Mr. Sumit Agrawal manages 5 schemes of IDFC Mutual Fund. Fund Manager : Mr. Suyash Choudhary IDFC Super Saver Income Fund Short Term IDFC Super Saver Income Fund Medium Term IDFC Super Saver Income Fund Investment Plan CRISIL AAA Short Term Bond Index CRISIL Short-Term Bond CRISIL Composite Bond IDFC Dynamic Bond Fund CRISIL Composite Bond IDFC Government Securities Fund Investment Plan IDFC Government Securities Fund Provident Fund Plan 7.94% 8.51% 8.45% 8.92% 8.61% 9.26% 9.16% 8.82% 8.92% 9.07% 8.60% 9.06% 12.49% 10.95% 10.59% 10.67% 9.65% 9.27% 12.76% 10.95% 10.85% 10.67% 9.88% 9.27% I-Sec Composite Index 13.52% 10.35% 11.28% 10.84% 10.55% 9.79% I-Sec Composite Index 14.43% 10.35% 12.09% 10.84% 11.00% 9.79% Mr. Suyash Choudhary manages 7 schemes of IDFC Mutual Fund. Fund Manager : Mr. Yogik Pitti IDFC Arbitrage Fund CRISIL Liquid 6.27% 6.96% 6.84% 7.89% 7.76% 8.27% IDFC Arbitrage Plus Fund CRISIL Liquid 6.57% 6.96% 6.67% 7.89% 7.51% 8.27% Mr. Yogik Pitti manages 4 schemes of IDFC Mutual Fund. Performance based on NAV as on 31/04/2017. Past Performance may or may not be sustained in future Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses, etc. The performance details provided herein are of regular plan. 36

39 SIP Performance Monthly SIP of ` 10,000 in IDFC All Seasons Bond Fund - Regular Plan - Growth 7 Years 10 Years Sep 13, 2004 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,30,000 Total Value as on May 31, 2017 (`) 1,24,798 4,08,759 7,47,247 11,42,709 18,37,947 26,34,455 Fund Returns (%) Total Value of CRISIL Short Term Bond 1,24,855 4,10,511 7,52,502 11,54,373 18,64,648 26,54,717 CRISIL Short Term Bond Returns (%) Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,795 17,06,545 23,67,359 CRISIL 1 Year T-Bill Index Returns (%) Monthly SIP of ` 10,000 in IDFC Cash Fund - Regular Plan - Growth 7 Years 10 Years Jun 04, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,80,000 Total Value as on May 31, 2017 (`) 1,24,317 4,03,446 7,35,186 11,30,794 NA 15,77,706 Fund Returns (%) NA 8.20 Total Value of Crisil Liquid 1,24,326 4,03,036 7,34,026 11,23,036 NA 15,58,047 Crisil Liquid Returns (%) NA 7.94 Total Value of CRISIL 1 Year T-Bill Index 1,23,909 4,01,116 7,22,179 10,89,908 NA 14,88,686 CRISIL 1 Year T-Bill Index Returns (%) NA 6.96 Monthly SIP of ` 10,000 in IDFC Ultra Short Term Fund - Regular Plan - Growth 7 Years 10 Years Jan 17, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,70,000 Total Value as on May 31, 2017 (`) 1,24,947 4,08,675 7,48,078 11,56,551 18,67,611 22,49,512 Fund Returns (%) Total Value of Crisil Liquid 1,24,322 4,03,014 7,33,999 11,22,984 17,99,423 21,71,255 Crisil Liquid Returns (%) Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,797 17,06,644 20,36,463 CRISIL 1 Year T-Bill Index Returns (%) Monthly SIP of ` 10,000 in IDFC Money Manager Fund - Investment Plan - Regular Plan - Growth 7 Years 10 Years Aug 09, 2004 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,40,000 Total Value as on May 31, 2017 (`) 1,24,842 4,08,513 7,45,245 11,45,952 18,54,185 26,71,643 Fund Returns (%) Total Value of CRISIL AAA Short Term Index 1,24,949 4,09,846 7,51,262 11,57,036 19,06,142 27,90,119 CRISIL AAA Short Term Index Returns (%) Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,795 17,06,545 23,88,655 CRISIL 1 Year T-Bill Index Returns (%) Monthly SIP of ` 10,000 in IDFC Money Manager Fund - Treasury Plan - Regular Plan - Growth 7 Years 10 Years Feb 18, 2003 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 17,20,000 Total Value as on May 31, 2017 (`) 1,24,378 4,04,559 7,34,930 11,22,998 18,00,129 30,10,797 Fund Returns (%) Total Value of Crisil Liquid 1,24,322 4,03,014 7,33,999 11,22,981 17,99,411 30,21,346 Crisil Liquid Returns (%) Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,795 17,06,601 27,84,611 CRISIL 1 Year T-Bill Index Returns (%) Monthly SIP of ` 10,000 in IDFC Banking Debt Fund - Regular Plan - Growth 7 Years 10 Years Mar 07, 2013 Total Amount Invested (`) 1,20,000 3,60,000 NA NA NA 5,10,000 Total Value as on May 31, 2017 (`) 1,24,059 4,03,575 NA NA NA 6,04,591 Fund Returns (%) NA NA NA 7.96 Total Value of CRISIL Liquid 1,24,322 4,03,014 NA NA NA 6,03,449 CRISIL Liquid Returns (%) NA NA NA 7.87 Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 NA NA NA 5,96,869 CRISIL 1 Year T-Bill Index Returns (%) NA NA NA 7.36 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31,

40 SIP Performance Monthly SIP of ` 10,000 in IDFC Super Saver Income Fund - Short Term - Regular Plan - Growth 7 Years 10 Years Dec 14, 2000 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 19,80,000 Total Value as on May 31, 2017 (`) 1,24,456 4,06,494 7,41,545 11,37,130 18,43,573 39,69,449 Fund Returns (%) Total Value of CRISIL AAA Short Term Index NA NA NA NA NA NA CRISIL AAA Short Term Index Returns (%) NA NA NA NA NA NA Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,795 17,06,545 34,31,248 CRISIL 1 Year T-Bill Index Returns (%) Monthly SIP of ` 10,000 in IDFC Corporate Bond Fund - Regular Plan - Growth 7 Years 10 Years Jan 12, 2016 Total Amount Invested (`) 1,20,000 NA NA NA NA 1,70,000 Total Value as on May 31, 2017 (`) 1,24,747 NA NA NA NA 1,80,607 Fund Returns (%) 7.45 NA NA NA NA 8.40 Total Value of CRISIL Short Term Bond 1,24,855 NA NA NA NA 1,80,453 CRISIL Short Term Bond Returns (%) 7.62 NA NA NA NA 8.28 Total Value of CRISIL 1 Year T-Bill Index 1,23,884 NA NA NA NA 1,78,105 CRISIL 1 Year T-Bill Index Returns (%) 6.08 NA NA NA NA 6.42 Monthly SIP of ` 10,000 in IDFC Super Saver Income Fund - Medium Term Plan - Regular Plan - Growth 7 Years 10 Years July 08, 2003 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 16,70,000 Total Value as on May 31, 2017 (`) 1,24,940 4,09,871 7,45,304 11,42,400 18,82,203 30,98,430 Fund Returns (%) Total Value of CRISIL Short Term Bond 1,24,855 4,10,511 7,52,502 11,54,373 18,64,648 30,16,560 CRISIL Short Term Bond Returns (%) Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,795 17,06,545 26,71,466 CRISIL 1 Year T-Bill Index Returns (%) Monthly SIP of ` 10,000 in IDFC Super Saver Income Fund - Investment Plan - Regular Plan - Growth 7 Years 10 Years Jul 14, 2000 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 20,20,000 Total Value as on May 31, 2017 (`) 1,26,029 4,18,363 7,67,494 11,82,868 19,19,073 43,05,110 Fund Returns (%) Total Value of CRISIL Composite Bond 1,25,137 4,18,549 7,70,271 11,77,123 18,84,868 NA CRISIL Composite Bond Returns (%) NA Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 17,79,775 NA CRISIL 10 Year Gilt Index Returns (%) NA Monthly SIP of ` 10,000 in IDFC Dynamic Bond Fund - Regular Plan - Growth 7 Years 10 Years Dec 03, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,20,000 Total Value as on May 31, 2017 (`) 1,26,240 4,19,996 7,71,904 12,00,005 NA 15,48,893 Fund Returns (%) NA 9.59 Total Value of CRISIL Composite Bond 1,25,137 4,18,549 7,70,271 11,77,123 NA 15,11,194 CRISIL Composite Bond Returns (%) NA 9.03 Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 NA 14,32,914 CRISIL 10 Year Gilt Index Returns (%) NA 7.82 Monthly SIP of ` 10,000 in IDFC G Sec Fund - Investment Plan - Regular Plan - Growth 7 Years 10 Years Dec 03, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,20,000 Total Value as on May 31, 2017 (`) 1,26,548 4,22,664 7,82,410 12,26,385 NA 15,84,014 Fund Returns (%) NA Total Value of I-Sec Composite Index 1,24,443 4,17,618 7,71,100 11,87,871 NA 15,27,697 I-Sec Composite Index Returns (%) NA 9.27 Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 NA 14,32,914 CRISIL 10 Year Gilt Index Returns (%) NA 7.82 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31,

41 SIP Performance Monthly SIP of ` 10,000 in IDFC G Sec Fund - PF Plan - Regular Plan - Growth 7 Years 10 Years Mar 29, 2004 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,90,000 Total Value as on May 31, 2017 (`) 1,27,095 4,28,001 7,95,843 12,47,636 20,55,706 31,75,779 Fund Returns (%) Total Value of I-SEC Composite Index 1,24,443 4,17,618 7,71,100 11,87,871 19,29,287 29,26,171 I-SEC Composite Index Returns (%) Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 17,79,775 26,15,845 CRISIL 10 Year Gilt Index Returns (%) Monthly SIP of ` 10,000 in IDFC G Sec Fund - Short Term Plan - Regular Plan - Growth 7 Years 10 Years Mar 09, 2002 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,30,000 Total Value as on May 31, 2017 (`) 1,25,368 4,13,900 7,70,434 11,76,081 18,26,473 31,57,929 Fund Returns (%) Total Value of I-SEC Si-Bex 1,24,457 4,07,998 7,42,436 11,33,816 18,29,954 NA I-SEC Si-Bex Returns (%) NA Total Value of CRISIL 1 Year T-Bill Index 1,23,884 4,01,059 7,22,119 10,89,795 17,06,545 30,44,027 CRISIL 1 Year T-Bill Index Returns (%) Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31, Monthly SIP of ` 10,000 in IDFC Asset Allocation Fund of Funds - Conservative Plan Regular Plan - Growth 7 Years 10 Years Feb 11, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,80,000 Total Value as on May 31, 2017 (`) 1,27,029 4,16,894 7,79,799 12,05,912 NA 12,81,608 Fund Returns (%) NA Total Value of Crisil MIP Blended 1,26,420 4,19,418 7,79,353 11,92,603 NA 12,66,154 Crisil MIP Blended Returns NA 9.74 Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 NA 12,03,247 CRISIL 10 Year Gilt Index Returns (%) NA 8.39 Monthly SIP of ` 10,000 in IDFC Asset Allocation Fund of Funds - Moderate Plan 7 Years 10 Years Feb 11, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,80,000 Total Value as on May 31, 2017 (`) 1,28,064 4,21,259 7,99,192 12,43,975 NA 13,24,641 Fund Returns NA Total Value of Crisil MIP Blended 1,26,420 4,19,418 7,79,353 11,92,603 NA 12,66,154 Crisil MIP Blended Returns NA 9.74 Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 NA 12,03,247 CRISIL 10 Year Gilt Index Returns (%) NA 8.39 Monthly SIP of ` 10,000 in IDFC Asset Allocation Fund of Funds - Aggressive Plan 7 Years 10 Years Feb 11, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,80,000 Total Value as on May 31, 2017 (`) 1,30,234 4,26,641 8,22,752 12,77,747 NA 13,60,816 Fund Returns NA Total Value of CRISIL Balanced Fund Aggressive Index 1,30,674 4,20,658 8,04,297 12,30,161 NA 13,06,012 CRISIL Balanced Fund Aggressive Index NA Total Value of CRISIL 10 Year Gilt Index 1,24,716 4,18,414 7,56,396 11,37,178 NA 12,03,247 CRISIL 10 Year Gilt Index Returns (%) NA 8.39 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on May 31,

42 Dividend History Last 3 Gross Dividends (`/unit) : Date Plan Dividend NAV IDFC Classic Equity Fund 27-Feb-17 Regular Plan Feb-16 Regular Plan Feb-15 Regular Plan Feb-17 Direct Plan Feb-16 Direct Plan Feb-15 Direct Plan IDFC Sterling Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan IDFC Premier Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Direct Plan Mar-16 Direct Plan May-15 Direct Plan IDFC Focused Equity Fund 24-Jan-17 Regular Plan Jan-16 Regular Plan Jan-15 Regular Plan May 08 Regular Plan Jan-17 Direct Plan Jan-16 Direct Plan Jan-15 Direct Plan IDFC Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan Jan-15 Direct Plan IDFC Balanced Fund 22-May-17 Reg Plan May-17 Dir Plan IDFC Arbitrage Fund 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Mar-17 Reg Plan Annually May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Mar-17 Dir Plan Annually IDFC Arbitrage Plus Fund 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Feb-17 Dir Plan Monthly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Date Plan Freq Dividend NAV IDFC Tax Advantage Fund 27-Feb-17 Reg Plan Feb-16 Reg Plan Feb-15 Reg Plan Feb-17 Dir Plan Feb-16 Dir Plan Feb-15 Dir Plan IDFC Monthly Income Plan 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly IDFC Asset Allocation Fund of Fund - CP 30-May-17 Reg Plan Apr-17 Reg Plan Mar-17 Reg Plan May-17 Dir Plan Apr-17 Dir Plan Mar-17 Dir Plan Date Plan Freq Dividend NAV IDFC Asset Allocation Fund of Fund - MP 30-May-17 Reg Plan Dividend Apr-17 Reg Plan Dividend Mar-17 Reg Plan Dividend IDFC Asset Allocation Fund of Fund - AP 30-May-17 Reg Plan Dividend Apr-17 Reg Plan Dividend Mar-17 Reg Plan Dividend May-17 Dir Plan Apr-17 Dir Plan Mar-17 Dir Plan IDFC Dynamic Equity Fund 28-Apr-17 Reg Plan Jan-17 Reg Plan Oct-16 Reg Plan Apr-17 Dir Plan Jan-17 Dir Plan Oct-16 Dir Plan IDFC Corporate Bond Fund 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Aug-16 Reg Plan Dividend Mar-16 Reg Plan Dividend Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Aug-16 Dir Plan Dividend Mar-16 Dir Plan Dividend Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-17 Dir Plan Annually IDFC All Seasons Bond Fund 22-Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly IDFC Cash Fund 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Sep-14 Reg Plan Periodic Dec-11 Reg Plan Periodic Sep-11 Reg Plan Periodic May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Sep-14 Dir Plan Periodic IDFC Ultra Short Term Fund 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Sep-14 Reg Plan Periodic May-13 Reg Plan Periodic Jan-12 Reg Plan Periodic Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Sep-14 Dir Plan Periodic IDFC Money Manager Fund - Treasury Plan 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly IDFC Banking Debt Fund 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Mar-17 Reg Plan Quarterly Date Plan Freq Dividend NAV 22-Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Reg Plan Mar-16 Reg Plan Mar-15 Reg Plan May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-17 Dir Plan Mar-16 Dir Plan Mar-15 Dir Plan IDFC Money Manager Fund - Investment Plan 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-16 Dir Plan Periodic Dec-15 Dir Plan Periodic Sep-14 Dir Plan Periodic IDFC Super Saver Income Fund - Short Term Plan 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly IDFC SSIF - Medium Term Plan 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly May-17 Reg Plan BiMonthly Mar-17 Reg Plan BiMonthly Jan-17 Reg Plan BiMonthly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly May-17 Dir Plan BiMonthly Mar-17 Dir Plan BiMonthly Jan-17 Dir Plan BiMonthly IDFC Super Saver Income Fund - Investment Plan 22-Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Jun-16 Reg Plan Quarterly Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-09 Reg Plan Annually Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Mar-15 Dir Plan Annually IDFC GSF - Provident Fund Plan 22-Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Jun-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Mar-15 Dir Plan Annually Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Jun-16 Dir Plan Quarterly Mar-16 Dir Plan Periodic

43 Dividend History Date Plan Freq Dividend NAV IDFC Dynamic Bond Fund 22-Mar-17 Reg Plan Mar-16 Reg Plan Mar-15 Reg Plan Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Mar-17 Dir Plan Mar-16 Dir Plan Mar-15 Dir Plan Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Sep-14 Dir Plan Annually Mar-17 Dir Plan Half Yearly Sep-16 Dir Plan Half Yearly Mar-16 Dir Plan Half Yearly IDFC GSF Investment Plan 22-Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Jun-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Reg Plan Mar-16 Reg Plan Mar-15 Reg Plan Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Sep-14 Dir Plan Half Yearly Mar-14 Dir Plan Half Yearly Sep-13 Dir Plan Half Yearly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Jun-16 Dir Plan Quarterly Mar-17 Dir Plan Mar-16 Dir Plan Mar-15 Dir Plan Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Mar-14 Dir Plan Annually IDFC GSF - Short Term Plan 30-May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Jan-17 Dir Plan Monthly Nov-16 Dir Plan Monthly Oct-16 Dir Plan Monthly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Dividend is not guaranteed and past performance may or may not be sustained in future. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable). Dividend received is subject to applicable dividend distribution tax. Face Value of all above schemes (excluding IDFC Cash Fund) is `10/- per unit. Face value of IDFC Cash Fund is `1000/- per unit. Past performance may or may not be sustained in future. ICRA Credit Risk Rating IDFC MMF-TP, IDFC MMF-IP, IDFC SSIF-ST, SSIF-MT, IDFC CBF : Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest credit- quality category. IDFC CASH FUND, IDFC USTF: Credit Risk Rating A1+mfs - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest credit- quality category with maturity of upto one year. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. Source: ICRA Ltd. CRISIL Credit Quality Rating IDFC SSIF-IP, IDFC DBF: CRISIL AAA mfs - Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. The rating of CRISIL is not an opinion on the Asset Management Company s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. CRISIL Credit Quality Rating Methodology CRISIL s credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund s overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL s rating default and transition rates. For details on closed ended funds, please refer the website FITCH Credit Quality Rating IDFC Cash fund: IND A1+ mfs - Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. 41

44 Fund Manager Details Total Experience of Fund Managers Years Years Mr. Anoop Bhaskar Head Equity 23+ Mr. Harshal Joshi 9+ Mr. Anurag Mittal 10+ Ms. Khusboo Sharma 3+ Mr. Arpit Kapoor 12+ Mr. Rajendra Mishra 14+ Mr. Arvind Subramanian 7+ Mr. Sumit Agrawal 12+ Mr. Bhavin Patadia 8+ Mr. Suyash Choudhary - Head Fixed Income 16+ Mr. Daylynn Pinto 12+ How to read Factsheet Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme, Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. SIP SIP or systematic investment plan works on the principle of making periodic investments 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 period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10- Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is `100 and the entry load is 1%, the investor will enter the fund at `101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the services rendered by the distributor. Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ` 100 and the exit load is 1%, the redemption price would be ` s99 per unit. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield Standard Deviation Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Beta is a measure of an investment s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by 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. 42

45 Investment Objective IDFC Dynamic Equity Fund IDFC Classic Equity Fund IDFC Equity Fund IDFC Focused Equity Fund IDFC Infrastructure Fund The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate in come and capital appreciation through investment in Debt & Money Market instruments. There is no assurance or guarantee that the objectives of the scheme will be realised. The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the scheme is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments (including Equity Derivatives). The scheme may also invest in debt & money market instruments to generate reasonable income. However there is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity related instruments of companies that are participating in and benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized. IDFC Nifty Fund The investment objective of the scheme is to replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion / wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC Premier Equity Fund IDFC Sterling Equity Fund IDFC Tax Advantage (ELSS) Fund IDFC Arbitrage Fund IDFC Arbitrage Plus Fund IDFC Sensex Exchange Traded Fund IDFC Nifty Exchange Traded Fund IDFC Asset Allocation Fund of Fund - Conservative Plan The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The Scheme portfolio would acquire, inter alia, small and medium size businesses with good long term potential, which are available at cheap valuations. Such securities would be identified through disciplined fundamental research keeping in view medium to longterm trends in the business environment. The Scheme shall endeavor to accumulate long-term investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent short-term money from flowing into the fund which can prove detrimental to the interests of long-term investors. As the scheme would be sold to investors with a long-term investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day redemption pressures. The fund will close subscription, once it has collected a predetermined manageable corpus (approximate amount), which will be decided by the fund manager of the scheme depending on the available investment opportunities in the stock market / if the fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there are sufficient assets available to meet the long-term objectives of the fund. The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the Nifty Free Float Midcap 100 or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of Nifty Free Float Midcap 100. The Scheme may also invest in stocks other than mid cap stocks (i.e. in stocks, which have a market capitalisation of above the market capitalisation range of the defined small - midcap stocks) and derivatives. On defensive consideration, the Scheme may also invest in debt and money market instruments. In case of discontinuation / suspension of Nifty Free Float Midcap 100, the AMC reserves the right to modify the definition of Mid cap and Small cap companies. In case of such a modification, the interest of investors will be of paramount importance. There can be no assurance that the investment objective of the scheme will be realized. The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The investment objective of the Scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debtand money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. 43

46 Investment Objective IDFC Asset Allocation Fund of Fund - Moderate Plan IDFC Asset Allocation Fund of Fund - Aggressive Plan IDFC Balanced Fund IDFC Monthly Income Plan IDFC Cash Fund IDFC Money Manager Fund - Treasury Plan The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. The Fund seeks to generate long term capital appreciation along with current income by investing in a mix of equity and equity related securities, debt securities and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. The primary objective of Scheme is to generate regular returns through investment primarily in debt securities. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme s assets in equity securities. Monthly Income is not assumed and the same is subject to availability of distributable surplus. IDFC - CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money market and debt instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. IDFC Money Manager Fund - Investment Plan Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC Credit Opportunities Fund IDFC Corporate Bond Fund IDFC Super Saver Income Fund - Short Term Plan IDFC Super Saver Income Fund - Medium Term Plan IDFC Super Saver Income Fund - Investment Plan IDFC Dynamic Bond Fund IDFC Government Securities Fund - Investment Plan IDFC Government Securities Fund - Provident Fund Plan IDFC Government Securities Fund - Short Term Plan IDFC Ultra short Term Fund IDFC All Seasons Bond Fund IDFC Banking Debt Fund The Fund seeks to generate returns by predominantly investing in a portfolio of corporate debt securities across the credit spectrum within the investment grade. There is no assurance or guarantee that the objectives of the scheme will be realized. The Fund seeks to provide steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings. However, there is no assurance or guarantee that the objectives of the scheme will be realised. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there can be no assurance that the investment objectives of the Scheme will be realized. IDFC GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by investing in Government Securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio by investing predominantly in debt oriented mutual fund schemesand money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized The primary objective of the scheme is to seek to generate stable returns with a low risk strategy by creating a portfolio that is invested in debt & money market instrument issued by schedule commercial banks. However, there can be no assurance or guarantee that the objective of the scheme realized 44

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48 WEST Ahmedabad B Wing, 3rd Floor, Chandan House Opp Gruh Finance, Mithakhali Six Roads, Law Garden, Tel.: /925 Ahmedabad Bhopal Plot No. 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal [M.P.] Bhilai 26, Commercial Complex, Nehru Nagar (East), Bhilai, Chhattisgarh, Pin Mobile No Goa F -27 & F -28, 1st Floor, Alfran Plaza, M.G Road, Opp. Don Bosco High School, Panjim - Goa , Tel.: Indore 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore Tel.: / Fax: Mumbai One IndiaBulls Centre 6th Floor, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone (W) Mumbai Tel No Mumbai (Churchgate) 2nd Floor,Ramon House, H.T Parekh Marg, 169,Backbay reclamation, Opp.Aakash wani, Churchgate Tel.: Mumbai Office No. 308, Zest Business Spaces, M. G. Road, Ghatkopar (East), (Maharashtra) Mumbai (Ghatkopar) Mumbai Shop No. 1, Konark Towers, Ghantali Devi Road, Thane (West) (Thane) Nagpur Fortune Business Centre, First Floor, 6, VasantVihar, W. H. C. Rd., Shankar Nagar, Nagpur Tel.: / Nasik Shop No - 6, Rajvee Enclave, New Pandit Colony, Off Sharanpur Road, Nasik Tel.: Mobile: Pune 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune Tel.: / 4. Raipur T-19,III Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C G) Tel: Rajkot Star Plaza, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot Tel.: Surat U 15/16, Jolly Plaza, Athvagate, Surat Tel.: , Vadodara 301, 2nd Floor, Earth Complex, Opposite Vaccine Ground, Above Indian Overseas Bank, Old Padra Road, Vadodara Tel No.: / / NORTH Agra Office No. 307A, 3rd Floor, Block #38/4A, Sumriddhi Business Suites, Sanjay Place, Agra Tel.: Amritsar 6-FUF, 4th Floor Central Mall, Mall Road, Amritsar Tel.: Chandigarh SCO , 1st Floor, Sector 22, Chandigarh Tel.: / , Fax: Dehradun G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt Road, Dehradun Mobile: , Jaipur 301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chaurah, Subash Marg, C-Scheme, Jaipur Tel. No. : , , Jalandhar 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar Punjab-India. Tel.: Kanpur Office No , IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur Tel.: , Lucknow 1st floor, Aryan Business Park, Exchange Cottage, 90.M.G. Marg, Park Road, Lucknow , Mob: , Tel.: , Ludhiana SCO 122, 2nd Floor, Feroze Gandhi Market, Ludhiana Tel.: New Delhi 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi Tel.: / 02/ 03/ 04/ 05. Varanasi IDFC Asset Management Co. Ltd. 3rd Floor, Premise No. D-64/127, CH, Arihant Complex, Sigra Varanasi (U.P). Phone No Gurgaon 117, 1st Floor, Vipul Agora, M. G. Road, Gurgaon Ph: SOUTH Bangalore 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore Tel.: / 01/ 02/ 03, Fax Chennai KRM Tower, 8th floor, No. 1, Harrington Road, Chetpet, Chennai Tel.: / 202. Cochin 39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin Tel: / , Fax: Coimbatore A Complex, No. 49, Father Randy Street, Azad Road, R. S. Puram, Coimbatore Hyderabad /7/C/2/S2, 2nd Floor, Amit Plaza, Somajiguda, Hyderabad Tel. No. : /47 Fax: Madurai No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai Tel.: Mangalore Shop No 4, Ground Floor, Raj Towers, Balmatta Road, Mangalore Tel. : Mysore CH 26, Shop No 1, 2nd Floor, 7th Main, 5th Cross ( Veta Building ) Saraswathipuram, Mysore Trivandrum T.C.2/3262(6), 1st Floor, RS Complex, Opposite LIC Building, Pattom P O, Trivandrum Tel. : Trichy N Abdulla No. 28, First Cross Extension, Anna Nagar, Tennur, Trichy EAST Bhubaneswar Rajdhani House, 1st Floor, 77 Kharvel Nagar, Janpath, Bhubaneswar Phone : / / Guwahati 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati Mobile: , , , Jamshedpur IDFC Mutual Fund, Room No.111, 1st Floor, Yashkamal Complex, Main Road, Bistupur, Jamshedpur , Ph No /111/222, Mobile No. : Kolkata Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata Tel.: / Patna 406, Ashiana Hariniwas, New Dakbanglow Road, Patna Tel.: Ranchi : 306, Shrilok Complex, 4 H B Road, Ranchi Phone : / Durgapur (West Bengal) 6/2A, Suhatta, 6th Floor, City Centre, Durgapur Phone No.: